ss-algerie

Budget crisis, Structural Challenges Delay Completion of Algeria’s Mega Mosque

The plummeting oil prices propelled Algeria in an economic crisis marked by a sharp decrease in exports and a deepening budget deficit threatening to halt several mega projects in the country, chief among which is Algeria’s mega mosque. In 2011, when global oil prices were at their peak, works started to build the mosque overlooking […]

UK to cut import taxes on 99% of goods imported from Africa

The United Kingdom is to cut import taxes on hundreds more products from some of the world’s poorest countries, which is a part of its wider push to use trade to “drive prosperity and help eradicate poverty”, as well as reduce dependency on aid. The Department for International Trade said Monday (15 August) the scheme […]

Brazil’s President No Longer a Shoo-In After the Recession

Sluggish growth in Latin America’s largest economy is a blow to incumbent Dilma Rousseff.