algerian journalist Abdelkrim Zeghileche

Indian Tata Showcases Morocco-Built WhAP 8×8 at Marrakech Air Show

Tata Advanced Systems (TASL) is showing its WhAP 8×8 armored vehicle at the eighth Marrakech Air Show, held October 7-10. The vehicle is built at the company’s factory in Berrechid, which TASL wants to make a base for selling defense equipment abroad, especially in Africa. The group also displays its LAMV 4×4, ATAGS 155mm gun […]

Egypt: “Suez Canal expansion, more of a political benefit than economic good,” pundits

Economic experts and businessmen familiar with the Suez Canal say the expansion of the canal may not yield the results claimed by authorities. The new canal, to be inaugurated in great fanfare this Thursday, is already raising criticism and doubt. Ahmed Kamaly, an economist with the American University in Cairo indicated that the mega project […]

Algeria’s Foreign Exchange Reserves to Drop to $85 bln by End 2018

Imports continue to drain Algeria’s foreign exchange reserves, which are expected to end 2018 with $85 billion as the country reels under the drop in oil revenues. Reserves were at $90 billion by the end of May, almost less than half the $190 billion reserves registered in end 2014 prior to the oil price slump. […]