Algeria is grappling with a deepening currency crisis as the Algerian dinar continues its relentless slide, raising alarm over the country’s economic stability, inflationary pressures, and the sustainability of state finances. Since late 2019, the dinar has lost significant value against the euro, falling from 204 dinars per euro in December 2019 to over 260 […]
Turkish explorations offshore Somalia led to the discovery of commercially viable crude oil, estimated at 20 billion barrels. Turkey and Somalia had signed a deal under which Turkey controls 90% of oil and gas output rights. The deal triggered criticism for its unfavorable terms for Somalia, a war-torn and cash-strapped country. Somalia’s President Hassan Sheikh […]
“A peaceful solution” to the Sahara conflict is “possible”, said on Thursday Mr. Horst Köhler, the personal envoy of the UN Secretary General for the Sahara at the end of a two-day roundtable held in Geneva. Delegates from Morocco, Algeria, Mauritania and the Polisario took part in this initial meeting, the first of its kind […]
