First Independent Mena Newspaper
Morocco has reiterated its condemnation of Algeria’s support for the separatist Polisario militia as a regional destabilization act. “A Neighboring country continues to fuel separatism and to divert the resources of its people to fund regional destabilization acts,” Foreign Minister Nasser Bourita said via videoconference at the summit of the Non Aligned Movement contact group. […]
Algeria’s state-run oil company Sonatrach and Russia’s Lukoil on Monday signed a Memorandum of Understanding (MoU) covering many cooperation areas including joint investment and production at home and abroad. Sonatrach said the agreement will enable both sides to identify joint investments in oil exploration and production in the North African country after the adoption of […]
Nordic human rights NGOs are focusing their attention on Moroccan Sahrawis living peacefully in Morocco, while they turn a blind eye to the situation of an entire population victim of polisario abuses in the Tindouf camps. Forced marriages of underage girls are among the most blatant violations of human rights perpetrated by the Polisario in […]
The Algerian economic model, which is depending heavily on oil & gas revenues, is seemingly crumbling. The new financial realities have shown that its former decade’s high spending is no longer possible with the rapidly depleting state coffers and widening deficit. Hit hard by a sharp drop in oil prices on the international and the […]
Battered by falling oil prices and lack of pro-activeness in addressing the coronavirus and its social and economic repercussions, Algeria’s President Abdelmejid Teboune has attention geared primarily to undermining Morocco’s territorial integrity through generous handouts to the Polisario separatists. When asked by reporters whether Algeria will seek foreign debt to deal with the crisis, Teboune […]
A new aid embezzlement scandal emerged in the Tindouf camps after the Polisairo-administered Red Crescent was found guilty of sending aid to stores run by the trade division of the militia to be sold instead of being distributed for free to the targeted vulnerable civilians. This comes amid international concern at reports of a coronavirus […]
The Algerian Finance Minister debunked the government over the country’s finance following the crash of global oil, noting that the situation is dire and that it is pointless to lie. Abderrahmane Raouya, during an improvised press conference in capital Algiers Wednesday, confirmed that the state finances have drastically dwindled, TSA reports. The North African country […]
The Sahraouis held in inhuman conditions in the Poliairo-run camp with Algeria’s blessings are fleeing en masse to Mauritania over fears of the coronavirus outbreak, Mauritanian media reported. A convoy of 1,500 cars left the camps to northern Mauritanian localities of Tiris Zemmour and Adrar, Mauritanian media outlets reported. The media echoed concerns of the […]
Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]
A court in Lebanon has ordered the arrest of 17 people, including the Chief of Sonatrach Petroleum (SPC), a subsidiary of Algeria’s state-run oil company, on corruption and supply of adulterated fuel charges. Judge Ghada Aoun, prosecutor at Mont-Liban court of appeal, ordered the arrest after state-run Electricity of Lebanon (EDL) lodged early this month […]