Saudi Arabia’s Public Investment Fund (PIF) and London-based real estate investment firm Cain International have injected $900 million in luxury hotel group Aman, Zawya reports citing the two partners. “Our investment in Aman Group reflects PIF’s belief in the current potential of the hospitality and tourism industry, both internationally and in Saudi Arabia,” PIF Deputy […]
Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of 2016, Algerian Prime Minister Abdelmalek Sellal said. Speaking to state television, Sellal set the tone for appeasing worries saying that the situation is under control as criticism mounts over the […]
Algeria’s foreign minister Ahmed Attaf is on a damage control mission after BRICS rejected his country’s bid, exposing the false promises of President Tebboune who arrogantly promised his people an imminent admission to the group of the world’s fastly growing economies. Tebboune made of joining BRICS a certainty for his people, repeating since 2022 that […]
