North Africa Post
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Algeria Headlines

Algeria’s intelligence agency dissolved by President Bouteflika

North Africa Post

A presidential decree, that is yet to be published in the official gazette, has dissolved Algeria’s influential Department of Intelligence and Security (DRS) and created a new intelligence agency known as the Direction of Security Services (DSS.) The new agency is to be led by a retired DRS chief, General Athmane Tartag, making many to […]
Algeria Emerging Markets Finance Headlines

Euro hits record high on Algeria’s black market amid currency crisis

North Africa Post

The euro surged to a new historic high on Algeria’s black market in November, trading at up to 27,450 dinars for a 100-euro note, marking a deepening pressure on the informal currency exchange system. Buyers are offering between 27,050 and 27,150 dinars, widening the gap between buying and selling rates, Algerian outlet Maghreb Emergent reported. […]
Africa Europe Headlines International

France Illegally Seized Equatorial Guinea’s Embassy in Paris – Malabo’s lawyers

North Africa Post

Lawyers for Equatorial Guinea told United Nations judges Monday that French authorities illegally seized the central African nation’s embassy in Paris as part of a money laundering investigation on the son of the country’s president. On the first day of hearings, before the International Court of Justice, Malabo’s lawyers insisted the six-storey mansion at 42, […]