Algerians protest bill to boost foreign money in oil sector

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Algerians take part to a protest in front of their parliament against a bill aimed at attracting foreign investment to the oil and gas sector, which underpins the national economy in Algiers, Sunday, Oct. 13, 2019. (AP)
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Algerians take part to a protest in front of their parliament against a bill aimed at attracting foreign investment to the oil and gas sector, which underpins the national economy in Algiers, Sunday, Oct. 13, 2019. (AP)
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Algerians take part to a protest in front of their parliament against a bill aimed at attracting foreign investment to the oil and gas sector, which underpins the national economy in Algiers, Sunday, Oct. 13, 2019. (AP)
Updated 13 October 2019

Algerians protest bill to boost foreign money in oil sector

  • Protesters raised their fists and accused the government of selling out Algeria's resources

ALGIERS: Thousands of Algerians are protesting in front of their parliament against a bill aimed at attracting foreign investment to the oil and gas sector, which underpins the national economy.
Surrounded by police, protesters raised their fists and accused the government of selling out Algeria's resources and threatening their children's futures.
The bill has further angered anti-democracy protesters who have been demonstrating since February.
The government is discussing the bill Sunday. It argues that Algeria needs foreign investment to modernize the sector and make it more globally competitive. State-run gas and oil giant Sonatrach says the bill is needed to simplify Algeria's tax system.
Protest organizers include professor Noureddine Bouderba, who accuses Algeria's provisional government of offering favors to foreign companies in exchange for political support ahead of December's presidential election.


Former finance minister Mohammad Safadi put forward to be next Lebanese PM

Updated 46 min 18 sec ago

Former finance minister Mohammad Safadi put forward to be next Lebanese PM

BEIRUT: Several major Lebanese parties have agreed on nominating Mohammad Safadi, a former finance minister, as the prime minister of a new government, the Lebanese broadcasters LBCI and MTV reported on Thursday.
The agreement took place in a meeting on Friday between outgoing Prime Minister Saad Al-Hariri, Lebanon’s leading Sunni politician, and senior representatives of the Shiite groups Amal and Hezbollah.
MTV said the government would be a mixture of politicians and technocrats.
They did not identify their sources.