OPEC Fund

Algeria: Freezing of assets of generals & civilian elites abroad, a pressure measure on authoritarian regime

The freezing of assets belonging to active or retired Algerian military generals and elites is meant to exert pressure on the authoritarian and military regime of Algeria. The freezing of assets, estimated at several billion dollars, is aimed at combating terrorism financing and to preserve peace and security, which are top priorities for international organizations […]

Algeria braces for another car industry fiasco

Algeria wants to develop a car industry but it wants it fast and without meeting the pre-requisite: a competitive industrial cluster or ecosystem of local part suppliers. In 2019, after his election, Algerian President Tebboune had criticized car industry professionals in his country accusing them of practicing “disguised imports” due to the very low sourcing […]

Sahel bloc ministers headed to Moscow to strengthen ties amid regional security challenges

The foreign ministers of Mali, Burkina Faso, and Niger are set to visit Moscow this week to deepen their strategic partnership with Russia, marking a significant shift in the region’s diplomatic and security landscape. The visit, scheduled for 3-4 April, represents the first-ever AES-Russia consultations following the establishment of the Confederation of Sahel States (AES) […]