Christian's Feed
May 10, 2012

Skepticism the main challenger in Algeria election

ALGIERS (Reuters) – Algeria votes on Thursday in a parliamentary election its rulers hope will deflect pressure for change after the “Arab Spring” upheavals, but many people will show their skepticism by abstaining.

Last year’s revolts in the region left Algeria largely untouched, but it is now under pressure to reform and renew the ageing establishment that has ruled the country without interruption since independence from France half a century ago.

May 9, 2012

Algerians skeptical election will bring change

ALGIERS (Reuters) – Algeria’s authorities say a parliamentary election on Thursday is a stepping stone towards a more democratic state, but many people do not believe their promises, expect only marginal change and will stay away from polling stations.

The north African country is under pressure to come into line with neighboring states, where “Arab Spring” uprisings last year pushed out autocratic leaders and are bringing hopes of genuine democracy for the first time.

May 8, 2012

Insight: In muddle of Libya’s finances, billions go missing

TRIPOLI (Reuters) – Months after rebels brought down the extravagant dictatorship of Muammar Gaddafi, the disarray in Libya’s state finances at the end of last year was so bad the new leadership did not know the size of state assets, how their money was being spent, or what had happened to more than $2 billion transferred from the sovereign wealth fund.

An internal National Transitional Council (NTC) document paints a picture of a government bureaucracy so fractured and disorganized that nobody appeared able to keep track of what money was coming in, and how much was going out.

May 8, 2012

In muddle of Libya’s finances, billions go missing

TRIPOLI, May 8 (Reuters) – - Months after rebels brought
down the extravagant dictatorship of Muammar Gaddafi, the
disarray in Libya’s state finances at the end of last year was
so bad the new leadership did not know the size of state assets,
how their money was being spent, or what had happened to more
than $2 billion transferred from the sovereign wealth fund.

An internal National Transitional Council (NTC) document
paints a picture of a government bureaucracy so fractured and
disorganised that nobody appeared able to keep track of what
money was coming in, and how much was going out.

Apr 25, 2012

Algeria opposition party returns from wilderness

TIZI-OUZOU, Algeria, April 25 (Reuters) – It was a
homecoming. After boycotting all national elections for more
than a decade, Algeria’s oldest opposition party was back on the
campaign trail in its heartland.

But the rally at a soccer stadium in this Berber town was a
muted affair. About 1,500 people showed up, assembling around
the half-way line. When a party leader led chants of “the
authorities are assassins”, the sound echoed off empty seats.

Apr 15, 2012

Algeria offers own brand of “Arab Spring” for vote

ALGIERS (Reuters) – Algeria on Sunday launched the campaign for a parliamentary election that the ruling elite, in power for 50 years, hopes will soak up the pressure for change that has been building since the “Arab Spring” revolts in neighboring countries.

Oil and gas exporter Algeria is the only country in north Africa whose political system has remained essentially unchanged after the turmoil of last year when long-standing rulers were unseated in Tunisia, Egypt and Libya.

Apr 11, 2012

First president of independent Algeria dies: state media

ALGIERS (Reuters) – Ahmed Ben Bella helped lead Algeria’s fight for independence from France and after victory became its first president, a figure who symbolized the romance of the national liberation struggle before the harsh reality of running a country intruded.

He died on Thursday morning in the Algerian capital, aged 96, after an illness, the state-run news agency reported.

Apr 11, 2012

Algeria’s frosty business climate may thaw

ALGIERS, April 11 (Reuters) – After a three-year campaign
against one of its biggest foreign investors chilled Algeria’s
business climate, the country is sending out tentative signals
that it may be ready for a thaw.

A period of aggressive economic nationalism, symbolised by
the state’s drive to take control of the Djezzy mobile phone
business owned by Amsterdam-headquartered Vimpelcom, has
failed to create the jobs demanded by the population.

Apr 10, 2012

Algeria says to revise tax on some energy projects-paper

ALGIERS, April 11 (Reuters) – OPEC member Algeria plans to
change the way it levies tax on some energy projects so that
foreign oil companies pay tax on profits they make from the
projects and not on turnover, a newspaper quoted Energy Minister
Youcef Yousfi as saying.

The minister also said a decision would be made on the
planned Galsi gas pipeline to Italy by the end of the year after
a review of its feasibility and that technical problems would
reduce output for up to three months at the Arzew refinery.

Mar 29, 2012

Gaddafi family says Italy asset seizure illegal

ALGIERS, March 29 (Reuters) – Muammar Gaddafi’s family
described as illegal on Thursday the seizure of 1.1 billion
euros ($1.46 billion) worth of assets that Italian police said
belonged to members of the ousted Libyan leader’s family.

The assets, including stakes in blue chip Italian companies,
a Harley-Davidson motorcycle and a chunk of forest on a
Mediterranean island, were held by Libya’s sovereign wealth fund
on behalf of the Gaddafi family, Italy’s tax police said.