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World Bank downgrades Algeria to lower middle-income status

The World Bank, the second largest international economic institution with the International Monetary Fund (IMF), has officially downgraded Algeria to lower middle-income status, a category of countries where income is considered “lower middle”. This new World Bank ranking is very bad news for Algeria, which is beginning to worry the international community because of its […]

Egypt puts on hold Saudi investments

A press statement issued by the kingdom’s Minister of Commerce and Industry, Tawfiq al-Rabiah, brought to light that projects worth more than $1,3 billion have been on the hold in Egypt. This information was revealed ahead of the Saudi-Egyptian Joint Committee meeting to be held in the Saudi Arabia’s capital, Riyadh. Several Saudi Arabian projects […]

Mounting Signs of Major Shift in Mauritania-Polisario Ties

The feckless and corrupt Polisario leaders continue to suffer major setbacks, losing more grounds, allies, regional and international support.   It seems that they have been dropped by the new Mauritanian leadership. The early signs of the cracks in relations with Nouakchott appeared during the presidential campaign that led to the victory of Mohamed Ould […]