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 […]
While Moroccan car industry moves up gear, gaining momentum, creating more jobs and attracting more investment, neighboring Algeria has apparently failed to convince automaker PSA Peugeot Citroen to install in the oil & gas rich country which is plunging in political crisis and socioeconomic turmoil. During the latest visit of French Prime Minister Manuel Valls […]
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 […]
Morocco flatly rejects any change or modification of the nature of the United Nations’ role in the handling of the Sahara issue and any plots seeking to bury the autonomy plan which could, as recognized by many world powers, fulfil the aspirations of the people in the Western Sahara to run their own affairs in […]
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 […]
Rabat has flatly rejected the regrets expressed earlier this week by the UN Secretary General Ban Ki-moon about what he called “a misunderstanding” about his use of the word occupation when referring to Morocco’s presence in the Sahara, and denounced the unethical behavior of the Un Secretariat General. The UN Chief’s inadmissible statements and behavior […]
France’s Foreign Minister Jean-Marc Ayrault on Tuesday hammered home his country’s support for the Morocco-proposed autonomy plan for the disputed Sahara territory as tension between Rabat and the UN Head Ban Ki-Moon, heats up. Speaking at a joint press conference in Algiers with his Algerian counterpart Ramtane Lamamra, Ayrault maintained that France’s position on the […]