Algeria’s Foreign Reserves Dwindle to $114 bln by end of 2016

Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of 2016, Algerian Prime Minister Abdelmalek Sellal said. Speaking to state television, Sellal set the tone for appeasing worries saying that the situation is under control as criticism mounts over the […]

Sahara: Peru suspends ties with self-proclaimed “SADR”, dealing hard blow to Polisario & Algeria

Peru decided on Friday to suspend its diplomatic relations with the self-proclaimed “SADR”, dealing another hard blow to the Algerian-backed Polisario separatist group. “In accordance with international law rules, the government of Peru has decided to suspend its diplomatic relations with the so-called “SADR”, Peru’s foreign ministry said in a statement. “Faithful to the principles […]

Sahara: Moscow smacks Algerian regime saying it would support Moroccan Autonomy Plan

Russia, a permanent member of the UN Security Council, is sending signals that it is heading towards supporting Morocco’s Autonomy plan offered for the Sahara under the Kingdom’s sovereignty. Ahead of the UN Security Council meeting on the Sahara scheduled end of October, Russian foreign minister Sergei Lavrov said his country is ready to support […]