First Independent Mena Newspaper
The Algerian government released its 2030 vision for economic development, dubbed “New Growth Model,” warning of the unsustainability of the current subsidies system and urging economic diversification to reduce dependency on hydrocarbons. “In all sectors of the public service (electricity, gas, water, rail transport, telecommunications), tariffs are kept at levels lower than the cost of […]
Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]
After Angela Merkel and Hassan Rouhani, the Algerian leader has failed to meet up with French Premier Bernard Cazeneuve last Thursday though the French leader was scheduled to meet up with the ailing Algerian leader glued to a wheel-chair since 2013, reports say. The media and sources close to the Algerian presidency denied that President […]
Horst Kohler, former German President (2004-2010), is said to be named to succeed outgoing UN Secretary General’s Personal Envoy for the Sahara, Christopher Ross. Algerian news outlet, TSA, quoted diplomatic sources saying that Horst Köhler will most likely replace the US diplomat Christopher Ross, whose tenure has expired after eight years of mediation that left […]
The frail health of President Abdelaziz Bouteflika is reflected in the Algerian diplomacy that has lost track as it continues to accumulate failures on multiple fronts. Algiers’s Arab diplomacy after its participation in the Arab league’s 28th Summit in Amman shows an inaudible voice and most of all an incapacity to forge new alliances in […]
The Algerian-backed Polisario militias have surprisingly announced their intention to withdraw from the Guerguarat buffer strip area in the southernmost tip of the Moroccan southern provinces in a move to polish its image ahead of the UN Secretary General report on the Sahara. The Algerian news agency reported that the Polisario separatist militias have announced […]
Anger and frustration are mounting in Algeria following the unprecedented increase in all food prices that hits badly the consumers in the OPEC member country. The prices of some products have become up to 1,000 pc more expensive because of speculation and structural problems. For example, garlic prices went up from 200 dinars ($ 1.8) […]
Algerian army has shot dead a Sahraoui as he unknowingly attempted to leave the Polisario-administered Tindouf camps on board his car. The Algerian army fired at the car without warning outside the so-called camp of Laayoune where Algeria has relegated the destiny of thousands of Sahraouis to the mercy of a separatist militias that trades […]
After the breakthrough made by Morocco in Africa, neighboring rival Algeria tries to no avail to follow suit, by announcing a $ 360 million investment in Ethiopia, a risky move that will likely deepen further the country’s budget deficit already worsening since the fall of oil prices. The Algerian private group Cevital said Tuesday that […]
Angela Merkel has reportedly declined an invitation from Algerian authorities who called off in the last moment a visit by the German Chancellor last February due to the falling health of Algeria’s President Abdelaziz Bouteflika. The Algerian press reported that Merkel was very upset with the last minute cancellation of the two-day visit during which […]