First Independent Mena Newspaper
IMF’s economic predictions for Algeria augur no growth for 2016 while forecast for 2017 signals further slump in the country’s economy with GDP expected to go down to 2.9 per cent, with payment balance estimated at 16.2 per cent of the GDP. 2016 predictions for growth of the Algerian economy according to the International Monetary […]
Algerian authorities have refused to issue entry visas for “Le Monde” journalist to cover French Prime Minister Manuel Valls’ two-day official visit to Algiers in retaliation to the paper’s publication of Algerian President’s photo on its front page beside photos of world leaders named in the Panama Papers leak. “Algerian authorities have refused to issue […]
Relations between Algiers and Paris are seemingly turning sour few days after France’s top diplomat, Jean-Marc Ayrault was in Algiers to prepare the Algeria-France summit and two days before an official visit by French Premier Manuel Valls. On Wednesday, Algeria’s Minister of Foreign Affairs summoned French ambassador to Algiers to complain about French media “hostile […]
Algerian Defense Ministry Monday announced its forces killed four Islamists and seized weapons and ammunition in El-Oued, near the Tunisian border. The four terrorists were killed by a detachment of the army in Bir El-Kasira area of El-Oued in the desert near the Tunisian border, said the Defense Ministry in a statement published on its […]
Algeria’s “social model” known for its significant subsidy program is “unsustainable even if oil prices go up because we have a problem of price but also a problem of volume.” The statement was made by Abdelatif Benachenhou, former finance minister and economic adviser to President Abdealziz Bouteflika, who said that the state spends around $45billion […]
Algerian Minister of Industry, Abdesslam Bouchouareb has been cited in the Offshore Financial scandal revealed on Sunday by the International Consortium of Investigative Journalists (ICIJ.) Bouchouareb is so far the only Algerian leader to be leaked. According to ICIJ’s cache of 11.5 million records, the Algerian minister owns an offshore company in Panama known as […]
An Algerian military helicopter crashed Sunday near Reggane (Adrar) in the south of the country causing the death of 12 soldiers. According to the defence ministry, the crash was caused by a technical problem. Two other soldiers have been injured in the crash. “A helicopter, a troop carrier Mi-171 type belonging to the Algerian air […]
British Oil Company BP and Norwegian Statoil announced Monday they would withdraw their staff from two Algerian gas plants after terrorists fired rockets at the third largest gas field of the country situated in the Sahara desert. The companies will withdraw their staff from the In Salah and In Amenas gas plants as security measures […]
The Algerian government has reportedly reached in 2012 a secret agreement with Algerian terrorist Mokhtar Belmokhtar to attack Moroccan interests in the Sahara, reveals a confidential e-mail of former US Secretary of State, Hilary Clinton, made public by Wikileaks on Thursday “According to sources with access to the Algerian DGSE, the Bouteflika government reached a […]
Algeria needs to adjust to the shock created by the oil prices collapse by intensifying fiscal consolidation and speeding up implementing some structural reforms. “Opportunity to reshape Algeria’s growth model should be seized now, before a more rapid adjustment becomes unavoidable.” The statement was made by a delegation of the International Monetary Fund (IMF) at […]