Algeria: Crisis Worsening, Fueling Social Anger & Raising Fears of Implosion

The social and economic situation is getting worse in Algeria despite the government’s efforts to contain the crisis, exacerbated by chronic corruption and falling revenue from oil and gas. Deeply concerned over the shrinking of its hard currency reserves needed for the purchase of products manufactured abroad, the Algerian authorities decided to curb import but […]

Egypt in talks with three Chinese companies to launch production of electric cars in 2023

Egypt is in contact with Chinese companies with three potential companies for the production of electric cars in 2023 for an investment of $127 million, Bloomberg reported. The companies, no identified, will collaborate with state-run El Nasr Automotive Manufacturing Co., Public Enterprise Minister Hisham Tawfik told Bloomberg in an interview. Tawfik also the media production […]

Benghazi, Misrata resume commercial flights after seven-year hiatus

Libya’s national carrier, Afriqiyah Airways, operated Tuesday a commercial flight between the eastern city of Benghazi and Misrata (West) for the first time since 2014 in a sign of reconciliation. The airline announced the resumption of flights between the two cities in a statement, saying it will operate two weekly flights between Benghazi and Misrata. […]