In a pessimistic tone that bodes ill for Algeria’s economic prospects, Algerian Prime Minister Abdelmalek Sellal announced yet a new slump in the country’s foreign exchange reserves, which currently stand at $112 billion. As Algeria’s revenues continue to be battered by the slump in oil prices, Sellal, who was speaking in Annaba at a meeting […]
The ongoing Libyan dialogue in Geneva may yield a quick agreement by September 20 according the UNMIL Chief Bernardino Leon who praised the climate of talks. The UN envoy for the Libyan political crisis sounded very optimistic on the second day of the dialogue that has registered the participation of the hardline General National Congress […]
The Algeria-backed Polisario separatists have once again failed to practice their “political piracy” as they did in South Africa last May. Last week, it was in Latin America, precisely in Uruguay, that the Polisario attempted to incite a Uruguayan court to order the seizure of a 300-ton shipment of Moroccan phosphate. But, although Uruguay backs […]
