First Independent Mena Newspaper
Talks are ongoing between the Democratic Republic of Congo (DRC) and Uganda about possible use of the east African country’s planned controversial pipeline for transporting Uganda’s crude to foreign markets when it begins production in 2025. Uganda is developing the $3.5 billion 1,445-kilometer East African Crude Oil Pipeline (EACOP) that will start from oil fields […]
“Algeria continues to face important challenges posed by lower oil prices (…) and growth in the nonhydrocarbon sector slowed under the effects of spending cuts”, says the International Monetary Fund (IMF). Inflation increased from 4.8 pc in 2015 to 6.4 pc in 2016 and stood at 8.1 pc year-on-year in January 2017. As to unemployment, […]
The drop in oil prices has taken a heavy toll on Algeria’s budget revenues with the trade deficit expanding to 15.8 billion dollars as of October compared to 13.7 billion dollars the same period last year. By the end of October, Algeria’s export revenues slipped by 23.44% standing at 22.7 billion dollars propelling the government […]
Algeria would be facing a challenging period in the upcoming years as the low hydrocarbon prices will affect the country’s income. The statement was not made by a political or economic analyst but by the Algerian Prime Minister Abdelmalek Sellal himself, at a meeting with the academic community on Sunday. He said the collapsing hydrocarbon […]
The Libyan ambassador to India, Ali Al-Issawi, said they have solicited India’s support in order to learn from its experience in drafting a constitution and rebuilding an economy. Ambassador Al-Issawi said they “are building the system from scratch” and they will need help in certain areas like parliamentary system and local administrative setup. Political figures […]
Noaukchott is hosting the 11th session of the Algerian-Mauritanian follow-up Committee in preparation for the 17th High Joint Cooperation Commission co-chaired by Prime Minister Abdelmalek Sellal and his Mauritanian counterpart Moulay Ould Mohamed Laghdef. One of the hottest issues on the table is the revision project of the 1996 trade agreement proposed by the Algerian […]