Sahara: Polisario Tries to Woo Germany to Exert Pressure on Horst Köhler

Sensing the heat after Morocco scored successive diplomatic victories at the UN, Latin America, Europe and Africa, the Polisario separatist group, supported by Algeria, sent lately a delegation to Berlin in a bid to coax Germany as this country is seeking to obtain the veto rights at the UN Security Council and expand its international […]

Algeria’s crude prices drop below production cost

Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]

Libya: Audit Bureau approves $2.3 billion family support grants

The Libyan Audit Bureau has granted approval for the distribution of family support grants for the fourth quarter of 2024, following a thorough examination of data provided by the Ministry of Social Affairs. The total amount authorized for disbursement is $2.3 billion (1.15 billion Libyan dinars). The funds are set to benefit thousands of individuals, […]