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President Abdelmadjid Tebboune

Currency depreciation, inflation, negative growth, businesses closed- Algeria's economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues.

Algeria economy rocked by one-two punch of coronavirus crisis

Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues.
Algeria’s Supreme Islamic Council said the National Bank of Algeria (BNA) had become the first state bank to obtain a sharia compliance certificate from the Sharia Board for issuing Fatwas for the Islamic Finance Industry.

Algeria allows first Islamic finance products by state banks

Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources to cope with financial problems caused by a fall in energy revenues.
Algeria’s President Abdelmadjid Tebboune said on Twitter that he had ordered medical authorities to take maximum precaution after the coronavirus case was announced by the health minister.

Algeria expects France to apologise for colonial past – president

Algeria is waiting for an apology for France’s colonial occupation of the North African country, the president said, expressing hope that Emmanuel Macron would build on recent conciliatory overtures.
Algeria’s President Abdelmadjid Tebboune said on Twitter that he had ordered medical authorities to take maximum precaution after the coronavirus case was announced by the health minister.

Algeria cuts budget, increases minimum wage

The Algerian government decided Sunday to reduce the state budget by half due to a financial crisis caused by the global collapse in oil prices and worldwide coronavirus lockdowns.
A new Chinese coronavirus, a cousin of the SARS virus, has infected hundreds since the outbreak began in Wuhan, China, in December.

Coronavirus: Algeria, Morocco, other countries evacuate citizens from China

Thousands of foreigners are among millions of people stuck in the central Chinese city of Wuhan as the country struggles to get to grips with the spread of a SARS-like virus which has claimed 132 lives nationwide.

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