First Independent Mena Newspaper
Malta played host this weekend to the Five-plus-Five summit, gathering five Maghreb and five European countries whose heads of state or government came together to discuss ways to foster inter-Mediterranean ties. The Five-plus-Five forum, which brings together leaders from Algeria, Libya, Mauritania, Morocco and Tunisia, the five countries forming the Arab Maghreb Union (UMA) along […]
Algeria’s finance Minister, Karim Djoudi, has precised that the country will not be buying shares in foreign companies overseas to increase its foreign exchange reserves. He firmly said that “this choice is not part of our policy of foreign exchange reserve management,” reiterating its strategic choice to invest in government bonds, although with modest yield […]
Algeria is said to have been spared the turmoil of the Arab Spring and the legislative elections held last May gave, contrary to analysts’ forecasts, an overwhelming majority to the ruling National Liberation Front (FLN). The long awaited change was not at the rendez-vous, still, Algerians were hoping that the new cabinet that was to […]
The countries of the Maghreb set up in February 1989 a union that was designed to be a milestone in promoting inter-Maghreban relations on the political, economic, cultural and social scales. More than twenty years after the Arab Maghreb Union, also known by its French acronym as UMA, came into being, little has been achieved […]
The Algerian government is planning to build five major tower complexes in the North African country, which is an important oil and gas producer. These major residential projects, to cost $ 2 billion, are destined to reduce and mitigate housing shortage exacerbated due to galloping population growth and a steady flow of urban migration. The […]