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Algeria’s Foreign Exchange Reserves to Shrink to $85 bln by end of 2018

The Algerian government has started to feel the heat of the falling oil and gas revenues, as the country’s foreign exchange reserves are expected to further drop to $85 billion at best, barely enough to cover 18 months of imports. The figure was recently announced by Algeria’s finance minister Abderrahmane Raouya who told MPs that […]

US counter-terrorism official raises alarm about jihadist expansion in Africa

A senior US counterterrorism official has raised alarms about the increasing threat posed by global jihadist groups, warning that they are, for example, expanding their activities from Niger, Mali and Burkina Faso into Benin and Togo, which had once had little exposure to jihadi threats. Speaking at a recent Washington conference, Sebastian Gorka noted that […]

The Laurent-Graciet case, this is like being in a bad movie, French FM

French Foreign Minister Laurent Fabius likened Sunday the case of the two French journalists Eric Laurent and Catherine Graciet who attempted to blackmail Morocco and its King Mohammed VI to a bad movie. “This is like being in a bad movie,” Laurent Fabius said in a first response by a French official to the case […]