Algeria Business Energy

Algeria: $58 billion of Foreign Exchange Reserves Lost in 2 Years

Collapse of oil revenues and sharp increase in importations have caused a huge dent in Algeria’s foreign reserves with figures pointing at $58 billion loss since 2014; year of exceptional growth, the country’s Prime Minister said on Sunday. Prime Minister Abdelmalek Sellal at a tripartite meeting including government, worker’s syndicate and employers, indicated that Algeria […]

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Algeria: Bouteflika Sues Le Monde over Panama Papers Scandal

The Algerian President has launched a lawsuit against French Paper le Monde for having published in April on its front page a picture of the Algerian President at the side of world leaders cited in the Panama Paper leaks. President Bouteflika’s lawyers have reportedly demanded €10,000 for compensation for moral prejudice suffered by the Algerian […]

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Algeria: 7 Terrorists Killed, Defense Ministry

The Algerian Defense Ministry announced Wednesday National forces killed seven terrorists among whom three notorious jihadists in Bouira region. The ministry statement said that the seven terrorists were killed in a combing operation near the little town of Lakhdaria, in Bouira region. Three notorious terrorists were among the seven extremists, namely M.Ammar, R.Ali [who respectively […]

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Algeria Listed among Authoritarian Regimes in 2015 Democracy Index Report

Does democracy itch the Algerian regime? The answers is yes according to 2015 Democracy Index report published by the Economist intelligent Unit which puts Algeria among authoritarian regimes around world, as it features at the 118th spot out 167 countries. Democracy in Algeria is one of the worst in the Middle East and North Africa […]

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Algeria’s Bouteflika Scorns France, Goes to Geneva for Medical Checkup, Tension Heats up

The Algerian ailing leader has been flown Sunday for medical checkup in Geneva instead of France where he often gets treated. Analysts suggest recent tweet by France Premier Manuel Valls showing an ailing Abdelaziz Bouteflika and jibes from French media may explain the choice of Geneva. The choice of Geneva, according to analysts and media, […]

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Algerian Elected President of UK’s Most Powerful Student Union Amid Controversy

Malia Bouattia was elected Wednesday President of UK’s National Union of Students after she beat incumbent Megan Dunn by narrow margin following campaigns marked by controversy. The Constantin-born young lady cruised to the top position of the National Union of Students (NUS) after she won 50.9 per cent of the vote at the national conference […]

Algeria Finance Headlines

Algeria: IMF Predicts Economic Stagnation

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 […]

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Algeria: French ‘Le Monde’ Denied Visa to Cover Valls Visit to Algiers

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 […]

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Panama Papers: Algiers Scolds Paris for “Hostile Campaign against President”

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 […]

Algeria Headlines

Algeria: Four Alleged Terrorists Killed near Tunisian Border

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 […]