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Egypt: IMF loan faces another dilemma

With its economy showing no sign of recovery and the inflation on the rise, Jones Lang LaSalle has stated that property prices have been escalating especially in two large well known Cairo satellite cities; New Cairo and 6th of October City. In its latest report, the two cities have witnessed an average price rise of […]

Algeria artificially inflates GDP with no impact on economic activity or living conditions

President Abdelmadjid Tebboune has set a headline-grabbing target of an Algerian gross domestic product set to surpass $400 billion by end-2027. State news agency APS quoted him saying the milestone would be reached “at the very latest,” a pledge he and allied outlets have reiterated since 2024. On paper, that would mean well over 50% […]

Algeria: Gen. Khaled Nezzar to Stand Trial in Switzerland for “War Crimes”

The Swiss Office of the Attorney General (OAG) has retained the charges of “complicity in war crimes” and “crimes against humanity” against former Chief of Algerian army and ex- Defence minister, General Khaled Nezzar. The OAG accuses Gen. Nezzar, who was arrested in Geneva in 2011, of war crimes and crimes against humanity. These serious […]