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Drop in Oil Prices Unveils Vulnerability of Algerian Economy

Algerian authorities have finally been compelled to face the reality and admit the failure of their economic model based on crude oil exports and trade. Global oil prices have fallen sharply over the past years, leading to significant revenue shortfalls in many energy exporting nations, including Algeria, member of the OPEC. The falling prices of […]

Algeria’s Foreign Exchange Reserves fall to $109 bln in February 2017

Algeria is on course of depleting its coffers as its foreign exchange reserves continue to dwindle to stand at $109 billion dollars at the end of last February, said governor of Algeria’s central bank, Mohamed Loukal. Battered by the slump in oil prices, Algeria’s reserves followed a decreasing trend from $194 billion in 2013, $178 […]

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Algeria, a key partner in fight against terrorism – US State Department

US State Department has hailed cooperation with Algeria in the fight against terrorism adding that the North African country is key US partner in this fight given its rich experience. The accolades to the North African country came from Justin Siberell, Coordinator of the US fight against terrorism on Thursday on receiving in Washington Algeria’s […]

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Algeria: 5 candidate ministers suspended pending legislatives

Algerian President has suspended five cabinet members running for May 4 legislatives. The announcement of their suspension was made by the Presidency citing the constitution. The decision will go into force as of Saturday April 8; the eve of the electoral campaign. Ministers of Water Resources and Environment; Higher education and Scientific research; Relations with […]

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Algeria supports oil freeze continuation as stocks diminish

Algeria has voiced its support for the extension of the oil production freeze agreement between OPEC and non-OPEC members as it believes that “stocks in Europe and Asia as well as in the US are diminishing” and “that will reassure the market.” Energy Minister Noureddine Boutarfa is optimistic that a “clear impact” of the deal […]

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Algeria: President Bouteflika surfaces again on TV

After several months away from public appearance, Algerian state television featured Sunday a video footage of President Abdelaziz Bouteflika with Abdelkader Messahel, the country’s minister for African Union and Arab League Affairs. The health of the Algerian president has been of concern since he suffered in 2013 a stroke, which confined him to a wheel […]

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Western Sahara: Polisario caught diverting aid destined to Tindouf Camps

The Separatist Polisario front, supposedly fighting for the independence of Western Sahara, has been caught rerouting humanitarian aid destined to the refugees in the Algeria-based Tindouf camps. According to Moroccan newspaper Al Massae, Mauritanian authorities foiled a new attempt to divert humanitarian assistance by the Polisario after they seized on March 6 a shipment of […]

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Algeria: Two terrorists eliminated, two arrested in Dellys

The Algerian Defense Ministry announced Monday the killing of two terrorists and the arrest of two others in an army operation in the city of Dellys, 80 km to the East of Algiers. As part of the fight against terrorism and thanks to the efficient use of intelligence, a detachment of the Army (1st military […]

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Washington Denounces Impunity & Restrictions on Freedoms in Algeria

US State Department has denounced restrictions imposed by Algerian authorities on the freedom of the press, assembly and association as well as the lack of judicial independence and impartiality. In its latest report on human rights in the world, Washington condemned the excessive use of force by Algerian police, torture, widespread corruption and lack of […]

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Polisario losing last remaining strongholds in Africa

As Morocco’s relations with African countries are gaining momentum thanks to its African strategy underpinned by south-south cooperation, based on co-development and solidarity, and as the Kingdom’s return to the African Union is hailed as a landmark event for the development and stability of the continent, the Algeria-backed Polisario is losing its last remaining strongholds […]

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