Algeria Headlines

Algeria: Titanic changes at Air Algérie

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 […]

Algeria Headlines

Algeria targets 13% gas production increment by 2019, Energy Minister

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 […]

Headlines Libya

Libya: Dinar collapses highlighting ailing economy

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 […]

Algeria Headlines

Algeria: Army killed 2 notorious terrorists, Defense Ministry

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 […]

Algeria Headlines

HRW Denounces Algeria’s Detention of Pro-Autonomy Activists

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 […]

Business Emerging Markets Energy Finance

Algeria: Government shelves equipment projects due to oil prices collapse

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 Finance Headlines

Algeria: Dinar falls to historic record low

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 […]

Algeria Headlines Uncategorized

Algeria: Travelers under 40 submitted to Jihadist security check

Algeria is closely monitoring its citizens planning to travel to countries like Iraq, Syria, Jordan, Saudi Arabia, Yemen, Lebanon and Sudan after it became clear that those who plan to join Islamist extremist groups like the Islamic State or Al-Qaeda tend to pass through other countries in order to cover their traces. Most of these […]

Algeria Business Headlines

Has Algeria Received Russian Anti-Aircraft Missile System S-400?

The Algerian army has reportedly received Russian anti-aircraft missile system S-400, designed to intercept and destroy airborne targets at a distance of up to 400 km, twice the range of the American Patriot missile. If such a delivery is confirmed, the North African country will become the first foreign country to get the S-400 system […]