In a pessimistic tone that bodes ill for Algeria’s economic prospects, Algerian Prime Minister Abdelmalek Sellal announced yet a new slump in the country’s foreign exchange reserves, which currently stand at $112 billion. As Algeria’s revenues continue to be battered by the slump in oil prices, Sellal, who was speaking in Annaba at a meeting […]
Enquiries into the 1988 Lockerbie bombing resurfaced with a statement from the Scottish Crown Office highlighting their agreement with the U.S Attorney General that “there is a proper basis” in the laws of both countries entitling their investigators “to treat two Libyans as suspects in the continuing investigation into the bombing of flight Pan Am […]
Cash-strapped Tunisia reported a 3% decrease in its foreign exchange reserves to 22.9 dinars ($ 7.5 bln), enough to cover 99 days of imports, as the country struggles to access foreign debt amid a biting social and economic crisis. The decline follows the government’s $1 billion Eurobond repayment in February, reducing import coverage. The government […]
