First Independent Mena Newspaper
Former Algerian economy minister and head of the Algerian Popular Movement party (MPA) Saturday rejected the suggestion that a single national party will guarantee the stability of the country hit by economic slow-down. “Some are concerned about the stability of the country, I am the first political figure to defend it, but stability does not […]
Former head of the Algerian counter-terrorism agency General Hassan was handed a five-year prison sentence by a military court in a behind closed doors trial. Abdelkader Ait-Ouarabi, known as General Hassan, was sentenced to five years in prison on charges of destroying documents and disobeying military orders. Gen. Hassan headed successfully the Algerian counter-terrorism department […]
Algerian communication regulatory authority drew a red line for a local television after it broadcast a program on homosexuality deemed deviant and taboo for the Algerian society. Local television Beur TV boss was summoned Monday for broadcasting an indecent program on homosexuality in Algeria, a statement from the regulatory authority announced. The head of Beur […]
A day after Prime Minister Abdelmalek Sellal stated that the economy was going through a difficult juncture and stressed the need to adopt a long term growth vision, Finance Minister Abderrahmane Benkhalfa told the parliament that taxes and import duties could be increased and energy subsidies could be removed and that vigilance is required in […]
Algerian ailing President Abdel Aziz Bouteflika made a brief publicly appearance Thursday after rumours circulated that he died. The Algerian President was shown receiving the visiting Maltese Prime Minister. Analysts argued that this rare appearance was a response to allegation that the 78 year-old ruler was seriously sick and admitted to hospital in France. Rumours […]
Algerian Minister of Territorial Development, Tourism and Handicrafts announced Monday in Algiers the launch of 2,500 tourism projects in 2016 in a bid to strike balance between offer and demand in the tourism industry. Speaking at a national seminar on tourism agencies’ activities, Amar Ghoul indicated that the 2016 plan is meant to promote tourism […]
Algerian Prime Minister Monday rejected claims of some prominent public figures suggesting that the country’s President Abdelaziz Bouteflika has lost control of the country. During a meeting with investors in Blida, Abdelmalek Sellal stressed that ailing President Bouteflika was in full control of the country’s management. He added that the President is ‘daily’ and ‘step […]
The World Bank Doing Business 2016 report categorizes Algeria among countries “hostile’’ to investment, placing the country at the 163rd rank out of 189 countries, with Singapore topping the rankings. Despite a myriad of efforts to stimulate economic revival following a plunge of the country’s economy due to the collapse of oil prices, Algeria is […]
A group of Algerian businessmen settled in the United Arab Emirates (UAE) has formed a think tank in Dubai in an attempt to promote Algeria as a business destination and propose a roadmap to lift the country out of the current economic turmoil. Members of the think tank are seeking to seduce UAE investors as […]
Algeria trade deficit widened to $10.33 billion during the first nine months of 2015, against a $4.09 billion surplus a year earlier, after a sharp fall in energy earnings caused by global drop in crude oil prices. The new figures confirm the deteriorating economic situation in the North African country, member of the OPEC cartel. […]