Jan 8 (Reuters) – Algeria is considering a new energy law
that would cancel a windfall tax on foreign energy firms,
according to a draft seen by Reuters, in an attempt to boost
foreign investment and help meet growing social demands.
The windfall tax that many potential investors see as a
deterrent would be replaced by a “complementary tax on results”.
PARIS/ALGIERS (Reuters) – President Francois Hollande travels to Algeria on Wednesday to try to heal wounds left by a bloody war of independence half a century ago and to seek greater access to the former colony’s oil wealth in an attempt to lift France’s own flagging economy.
The trauma of the 1954-1962 Algerian war, in which hundreds of thousands were killed, left deep scars in both countries which continue to hamper a partnership that Paris believes could help revive the Mediterranean basin.
ALGIERS (Reuters) – Algeria on Friday declared a 44 percent turnout in municipal elections and said the ruling party was victorious, keen to show its people remained engaged in the political system despite a lack of reform achieved in Arab uprisings elsewhere.
Memories in the major energy-producing state of a vicious 1990s civil war between Islamists and the state that killed around 200,000 people have, analysts say, deterred Algerians back from mass protests like those that swept away rulers in neighboring Tunisia and Libya, as well as Egypt and Yemen.
ALGIERS, Nov 28 (Reuters) – Algeria is hoping that a fair
turnout in municipal elections on Thursday will strengthen the
credibility of a political system that has survived the Arab
Spring without major protests but failed to meet hopes for
The memory of a brutal civil war in the 1990s between
Islamists and the state that killed around 200,000 people is a
key factor, analysts say, that has held Algerians back from mass
protests like those that swept away rulers in neighbouring
Tunisia and Libya, as well as Egypt and Yemen.
PARIS/ALGIERS (Reuters) – Algeria has given its tacit approval for an Africa-led military intervention in northern Mali to rout Islamist militants despite reservations the operation could spill over into its territory and neighboring countries, Algerian and French sources said.
Africa’s biggest country and a top oil and gas exporter shares a 2,000 km (1,242 mile) border with Mali and sees itself as the major regional power, wary of any outside interference.
ALGIERS (Reuters) – Algeria is a young country ruled by old men.
A generation of leaders who won their spurs during Algeria’s 1954-62 independence war against France remains in power, having defeated a violent challenge by armed Islamists in the 1990s and, at least for now, seen off the rebellious spirit that toppled Arab autocrats in Tunisia, Egypt and Libya last year.
Among the old guard is President Abdelaziz Bouteflika, 75, who has served three terms and is thought unlikely to seek a fourth, if only for undisclosed health reasons.
ALGIERS (Reuters) – Algeria is cracking down on illegal street vendors despite the risk of popular unrest, signaling confidence that it can remain unscathed by uprisings that have toppled Arab rulers elsewhere.
The first revolt was ignited in neighboring Tunisia where Mohamed Bouazizi, an unemployed vegetable seller, burnt himself to death in December 2010 after police harassed him.
ALGIERS (Reuters) – Seven Algerian diplomats abducted by Islamist rebels in northern Mali in April have been freed, an Algerian security source and a Malian Islamist source said on Friday, a move that could ease tension along the volatile border.
“They are all safe and should be back home very soon,” the security source said, adding that the seven consisted of a consul and six consular staff who were based in Mali.
ALGIERS (Reuters) – Mokhtar Belmokhtar, an Algerian founding member of Al Qaeda in the Islamic Maghreb (AQIM), is believed to have been killed in clashes between Islamist militants and Tuareg-led separatist rebels in north Mali, Algeria’s Ennahar TV reported on Thursday.
One Algerian security source told Reuters he was trying to confirm the death of Belmokhtar, who headed one of AQIM’s two battalions in Algeria’s southern desert bordering Mali.
ALGIERS (Reuters) – Algeria’s government has been paralyzed by arguments over who should be anointed as favorite to be the next president, exposing divisions within the ruling elite that could shatter the country’s fragile stability
The cohesion and control with which Algeria’s establishment runs the energy exporting former French colony has kept it steady even as its neighbors were buffeted by the “Arab Spring” upheavals over the past 18 months.