Maghreb Edition
There has been growing public fear over regime operatives moving money from Algeria to foreign banks. Rumors have been circulating that several businessmen tied to the regime, including the Kouninef brothers, have contracted multi-million dollar loans over the past week, just to place it abroad in secured account as the political crisis continues. The rumor stated that authorizations to transfer loans were granted by the Central Bank proper.
Morocco is facing its largest wave of unrest in years, with mass protests erupting across major cities demanding better hospitals, schools, and an end to corruption.
Egypt plans a major expansion of oil and gas exploration over the next five years as it seeks to stabilize natural gas output, restore export capacity, and integrate hydrocarbons into a broader energy transition strategy.
Algeria’s expanding wheat supplier list, including increased engagement with Canada, reflects a broader effort to reduce long-standing dependence on France as bilateral relations remain strained, turning food procurement into a quiet tool of economic recalibration.
The euro and the US dollar are trading at record levels on Algeria’s parallel currency market, widening the gap with official rates to more than 100%.
