road terror attack

Algeria’s economy, a crisis in the making

Long ruling Bouteflika has stepped down after popular protests leaving behind him an embattled economy vulnerable to international oil prices. After years of unsustainable spending, Algeria’s foreign exchange reserve shrunk to cover only four years of imports making it difficult to sustain a generous subsidy system that has bought peace at the expense of financial […]

Central Bank of Libya holds first unified board meeting since 2014

The Central Bank of Libya, CBL, held Monday for the first time a full board meeting since 2014 after which the bank was split into two. The bank, Libya Observer reports, held a full-quorum meeting for the first time in six years to discuss fixing exchange rates of the Libyan dinar to foreign currencies. The […]

Chinese Directors Scoop Two Main Awards at Marrakech Film Festival

The 16th edition of the Marrakech International Film Festival wrapped up with the two main awards going to two Chinese directors. The Festival’s Grand Prix, the Golden Star, was awarded to Zang Qiwu’s “The Donor” while the best director prize went to Wang Xuebo for his film, “Knife in the Clear Water”. “The Donor” sheds […]