Ana Palacio

Algeria braces for presidential elections on Sept 7

The Algerian presidency said presidential elections will be held on September 7, the second vote after the country’s 2019 pro-democracy Hirak that failed to remove the military junta. Abdelmedjid Tebboune is expected to run for a second term. Though his candidacy has not been announced yet. The election will take place at a context of […]

‘Algeria is Macron’s current nightmare’ – French official

The current nightmare of President Emmanuel Macron is Algeria, a French top official told weekly media, Obs. The source, who asked not to be named, told Obs that Macron is not troubled by the yellow vests’ demonstrations that have been going on for months, a new financial crisis, a cybersecurity from Russia or an American […]

Algeria Continues to Reel under Impact of Oil Prices Fall-IMF

Despite a sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large in Algeria, which continues to face important challenges posed by the fall in oil prices four years ago, the IMF said. The fall in oil revenues was mostly felt in Algeria’s reserves which fell by $17 billion to $96 billion […]