First Independent Mena Newspaper
The International Monetary Fund has urged countries of the Middle East and North Africa to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. Growth is slightly improving in this region, largely driven by higher oil prices and improved export prospects, said the IMF in its latest regional […]
Morocco continues to make notable progress in economic liberalization, according to 2017 Index of Economic Freedom created by the Heritage Foundation and Wall Street Journal. The North African country, which ranked 8th in Africa and 86th globally, is benefiting from a commitment to economic reforms that encourage a dynamically evolving private sector, says the annual […]
Anger and frustration are mounting in Algeria following the unprecedented increase in all food prices that hits badly the consumers in the OPEC member country. The prices of some products have become up to 1,000 pc more expensive because of speculation and structural problems. For example, garlic prices went up from 200 dinars ($ 1.8) […]
The European Union (EU) has denounced “restrictive measures imposed on bilateral trade” without prior consultation with the EU, says a report released on the occasion of 10th session of Algeria-EU Association Council convened Monday in Brussels. In January 2016, Algerian authorities required import licenses for certain European products such as cars, cement and concrete. These […]
The U.S government continues to warn its citizens against travel to southern and eastern Algeria, as well as isolated parts of the Kabylie region, due to a high threat of terrorist attacks and kidnapping. “Terrorist groups remain active. While major cities are heavily policed, extremists have conducted attacks (often using bombs, ambushes, or false roadblocks) […]
Several Algerian villages in the central and eastern regions of the North African country, member of the OPEC, have been isolated by snow, adding more misery to the Algerians who are already suffering from military crackdown, soaring prices and deteriorating living conditions. According to latest weather forecasts, the conditions will get much worse in the […]
Algeria, the first African producer of natural gas and member of OPEC cartel, is still unable, after 50 years of independence, to provide heating to its pupils in schools. The Algerian League for the Defense of Human Rights (LADDH) denounced the alarming situation of thousands of pupils shivering from cold in their classroom while their […]
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 […]
Many political analysts are wondering whether there is currently a Saudi mediation to heal relations between Algeria and its neighboring Morocco as top Algerian officials have softened up lately their anti-Moroccan rhetoric prior a visit to Riyadh by Algerian Premier Abdelmalek Sellal. Morocco is one of the strategic partners of the Arab rich Gulf monarchies, […]
The global oil glut that has taken a toll on the budgets of many oil producing nations will persist into 2017, as oil supply is expected to continue outstripping demand, the International Energy Agency said in a recent report. The report argues that oil markets will take “a while longer” to rebalance in light of […]