Ismail Serageldin, the director of the Bibliotheca Alexandrina, is being sued for squandering public funds after library staff accused him of abuse of power claiming he unfairly appointed advisors and gave them huge salaries. He was also accused of embezzling donations destined to the library and illegally transferring them to a bank account controlled by […]
A day after Prime Minister Abdelmalek Sellal stated that the economy was going through a difficult juncture and stressed the need to adopt a long term growth vision, Finance Minister Abderrahmane Benkhalfa told the parliament that taxes and import duties could be increased and energy subsidies could be removed and that vigilance is required in […]
As pro-democracy protests continue to rattle the Algerian regime, Algeria marches ahead to an economic disaster as domestic energy consumptions nears levels of gas and oil production. Since 2007, Algeria’s consumption of oil and natural gas has risen by more than 50 percent while its oil production has fallen by 25 percent. With less oil […]
