Algeria’s president transferred to Germany for treatment

Algerian President Abdelmadjid Tebboune was transferred to Germany for specialist medical treatment Wednesday. (File/Reuters)
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Updated 28 October 2020

Algeria’s president transferred to Germany for treatment

  • The transfer to Germany was made at the request of the presidency staff, according to a press release
  • The statement announcing the Algerian leader’s hospitalization on Tuesday said his condition was stable

ALGIERS: Algerian President Abdelmadjid Tebboune was transferred to Germany for specialist medical treatment Wednesday, a day after his country’s presidency announced he had been hospitalized but did not reveal why.
Several senior officials in the 75-year-old president’s entourage developed COVID-19 symptoms on Saturday, and the president was placed in what the government called “voluntary preventive confinement.” It was unclear if Tebboune’s current hospitalization was connected.
The transfer to Germany was made at the request of the presidency staff, according to a press release from the presidency broadcast on national television Wednesday.
The statement announcing the Algerian leader’s hospitalization on Tuesday said his condition was stable. It did not reveal the cause of his illness or say when the hospitalization occurred.
The statement said that while Tebboune was admitted to a specialized care unit in Algiers on the recommendation of his doctors, “the state of health of the president of the republic...does not inspire any concern.”


Erdogan’s son-in-law leaves sovereign wealth fund

Updated 32 sec ago

Erdogan’s son-in-law leaves sovereign wealth fund

  • Married to the Turkish leader’s elder daughter, the 42-year-old quit as finance minister in a cryptic November 8 message on Instagram that cited health reasons
  • His resignation from the helm of the Turkish economy was ignored by state media for more than 24 hours, until it was formally accepted by Erdogan the next night

ANKARA: President Recep Tayyip Erdogan’s son-in-law quit as the deputy head of Turkey’s huge sovereign wealth fund, completing a fall from grace that began with his surprise resignation as finance minister.
Berat Albayrak had been viewed as Turkey’s second most powerful figure until his chaotic departure from the government at the start of the month.
Married to the Turkish leader’s elder daughter, the 42-year-old quit as finance minister in a cryptic November 8 message on Instagram that cited health reasons.
His resignation from the helm of the Turkish economy was ignored by state media for more than 24 hours, until it was formally accepted by Erdogan the next night.
Albayrak’s two-year tenure as economy chief saw the lira lose 40 percent of its value against the dollar and the central bank burn though most of its reserves in trying to defend the currency.
His departure was linked to Erdogan’s appointment of a new market-friendly central banker whom Albayrak had strongly opposed.
Naci Agbal, the new central bank governor, sharply raised the main interest rate at his first policy meeting last week, helping the lira halt its slide.
Yet Albayrak still held on to his post as deputy head of the sovereign wealth fund, which was created in 2016 and now manages state assets officially valued at $22.6 billion.
Erdogan’s office said little about Albayrak’s departure, noting in a one-sentence statement that he “left the board of the sovereign wealth fund of Turkey after asking to take leave.”
He was appointed as its deputy head in 2018, the same year Erdogan became its official chief.