First Independent Mena Newspaper
Algerian Finance Minister declared Sunday that despite current economic down-turn of the Algerian economy due to acute collapse of oil price, Algeria does not need foreign intervention to balance its budget, saying that the government will lean on domestic economic potential to keep its head above water. “Algeria does not need foreign debt, it needs […]
The foreign ministers of Algeria, Chad and Niger met in Algiers on Sunday to discuss the security challenges facing the Sahel region with emphasis on the ongoing Libyan war while showing support for the implementation and respect of the peace agreement in Mali. Algeria’s Minister of Maghreban, African and Arab Affairs Abdelkader Messahel said that […]
President Bouteflika seems to be solidifying his position, according to experts, by arresting several top security officials and by sacking or ordering the resignations of others with the help of his allies, amongst them the army chief of staff Ahmed Gaid Salah. The arrest of the anti-terrorism chief and the sacking of top officials in […]
Algerian Minister of Transport announced earlier this week a major change at the state-owned airline which will be transformed into a corporation made of different companies. Transport Minister Boudjema Talai said the change is necessary in light of the audits which unveiled “a catastrophic management” of the company. “On the basis of the results of […]
Algerian energy minister Salah Khebri has stated that the country plans to boost its natural gas production capacity which has been on the decline for the past couple of years. He said the objective is to increase production by at least 13% before the end of 2019. Its low gas output has affected government programs […]
The Libyan Dinar has plummeted further over the week-end against foreign currencies on the black market now appearing as the only available FOREX market for most Libyans desiring to buy foreign currency owing to lack of central regulatory body. The Libyan Dinar in Tripoli is trading much lower as the one Libyan Dinar is trading […]
The Algerian Defense Ministry announced Wednesday the army had killed two dangerous terrorists and seized weapons in Taher (Jijel) small town on Tuesday. The Defense Ministry statement indicated that its forces killed the two notorious terrorists in an ambush after receiving intelligences on their hideouts. “Thanks to the exploitation of intelligence gathered, a unit of […]
Human Rights Watch has called on Algerian authorities “to release or try in a fair and open trial a pro-Amazigh activist, Kameleddine Fekhar, and his 24 co-defendants”. Fekhar has since 2013 called for autonomy of the Mzab, a northern Sahara region, and has condemned the Algerian government for “complicity in crimes against humanity by Sunni […]
The Algerian daily Liberté announced Monday that the government has decided to freeze all equipment projects it was planning to carry out due to acute slash in oil revenues. The Algerian government whose economy largely hinges on oil revenues is unable to forge ahead with its large and nationwide equipment projects plan to refurbish its […]
Algeria is trying to balance its finances as its economy continues to struggle due to the low global oil and gas prices that are affecting countries heavily dependent on such revenues. A source close to the North African country’s Central Bank hinted that the authorities at the bank let the Algerian dinar to depreciate against […]