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Data from the Customs Statistics and data Center (CNIS) showed that Algeria’s trade deficit has increased with importation and exportation decreasing simultaneously. The report highlighted that the deficit gap has widened from $13,76 billion in 2015 to $15,80 billion in Read more
After the High Level Committee of experts of the Organization of Petroleum Exporting Countries (OPEC) failed to reach an agreement on outlining the implementation of cutting the production output in Vienna last month, there were concerns that the Algiers agreement Read more
Following the unfortunate death of a fish seller in the northern Moroccan city of al-Hoceima that sparked protests in Morocco, Algerian propaganda machine jumped in and desperately tried to over inflate the event describing it as a prelude to a Read more
Algeria may nurse the hope to clinch the Arab Reading Challenges to be held in Dubai as the country’s candidate Mohamed Djeloud is tipped potential winner. Djeloud, six, won national competition organized in September 2015 after outclassing more than 600,000 Read more
Moroccan Royal Armed Forces have thwarted an incursion on the Moroccan territory by a group of the Polisario militias, aided by some Algerian soldiers, reports say. The Polisario militias, assisted by six Algerian soldiers among whom a top officer, were Read more
The World Bank (WB) said Algeria’s economy is stumbling on the backdrop of the sharp drop in oil prices and the lack of economic diversification with growth rate falling to 3.6% in the first half of 2016 compared to 3.9% Read more
Algeria’s Council of Ministers approved the Finance bill for the upcoming year and tempered its expectations on oil and gas by estimating the price of a barrel at $50. The ministers meeting, held under the chairmanship of ailing President Abdelaziz Read more
UN energy expert Gille Bonafi has called the European Union (EU) to lean on Algeria for its energy supply as the North African country can become a world’s leading energy producer given its untold solar energy potential. Speaking in Algiers, Read more
A day after the Organization of Petroleum Exporting Countries (OPEC) reached a deal Wednesday to reduce output by almost 700,000bpd collectively, Libya has stated that it will be an exception to the deal that could be finalized in November during Read more
A senior Algerian government official under the condition of anonymity has revealed that authorities are preparing to invite foreign and private investors to acquire controlling stakes in state-run banks. There are six (6) state banks in the country and they Read more