Algeria

Gulf Investors Look to Libya and Algeria

Energy market disruptions and regional uncertainty are pushing GCC countries to boost North Africa investments.

This article appears in the October issue of Global Finance Magazine.

In July, Qatar’s UCC Holding signed a $1 billion deal with Libya’s National Oil Corp. and the Libyan Investment Authority to increase output at the Ghadames Basin from 33,000 to 80,000 barrels a day.

A few weeks earlier, Oman’s OQEP signed a similar contract to explore investment opportunities in Libya, “so our production will not rely only on exports from the Strait [of Hormuz],” OQEP Board Chairman Ashraf Al Mamari told Arabian Gulf Business Insight in July. That same month, Libyan Prime Minister Abdul Hamid Dbeibah visited the United Arab Emirates and Qatar to encourage new partnerships.

Disruptions in energy markets at home are pushing Gulf countries to scale overseas investments and increase involvement in riskier destinations. With its large oil reserves, Libya is an attractive opportunity; but for years, it has been a headache for foreign investors. After Muammar Gaddafi’s fall in 2011, the country split between rival governments and became a playground for militias. Yet, despite instability, Gulf states—led by the UAE, and to a lesser extent Qatar—developed relationships with both capitals: Tripoli and Benghazi.

“Gulf states have been navigating this landscape for some time,” said Mohamed Dorda, head of business intelligence at Libya Desk, a consulting firm that advises businesses looking to enter Libya. “It’s really a matter of, first, having a foot in the door; and then, knowing where to put your feet. In Libya, they’ve been investing in the necessary political capital for quite some time now.”

Signs of Improvement

Today, the situation is showing signs of improvement. Both sides have taken steps toward greater stability, including the reunification of the central bank in 2023 and the approval of a common state budget in April of this year. Libyan authorities are now looking to reopen the energy sector to foreign investors. In February, the country resumed licensing for the first time since 2007, attracting oil majors like Italy’s Eni SpA, France’s TotalEnergies SE, Spain’s Repsol SA, and U.S.-based Chevron Corp.

The renewed interest extends beyond Libya. In recent months, the U.S. administration has stepped up engagement with North Africa, with Middle East adviser Massad Boulos visiting several countries. European nations, including Turkey, as well as China, are also moving to secure market shares.

“North Africa is becoming increasingly important in global trade because of its proximity to Europe and its capacity to help fill supply gaps created by the wars in Ukraine and the Middle East,” Dorda said. “People see that Libya and Algeria are among the strongest candidates to help meet global energy needs, and that creates opportunities.”

Algeria has drawn around $9 billion in Gulf-backed projects over the past 18 months, led by Saudi Arabia’s Midad Energy’s $5.4 billion oil and gas deal in October 2025 and by Qatar’s $3.5 billion Baladna dairy venture, now in its second phase.

Algerian state-owned hydrocarbon company Sonatrach plans to increase production and drill 1,450 wells by 2030, but it needs foreign know-how and capital to modernize infrastructure. In April, Algiers opened a new licensing round for seven oil and gas blocks. Bids are underway, and contracts are expected to be signed in January.

Chloe Domat is a contributing writer based in France.

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Paris court finds Swiftair guilty over 2014 Mali crash that killed 116 | Aviation News

Spain’s Swiftair was fined 225,000 euros ($256,000) in France for corporate manslaughter over the 2014 Air Algerie disaster in Mali.

A Paris court has found Swiftair guilty of corporate manslaughter over the 2014 Air Algerie crash that killed 116 people in northern Mali.

On Monday, a French judge ordered the Spanish airline to pay the maximum fine in France of 225,000 euros ($256,000) for corporate manslaughter after a three-week trial earlier this year.

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Air Algerie Flight AH5017 was flying from Ouagadougou, the capital of Burkina Faso, to Algiers, Algeria when it crashed less than an hour after takeoff in July 2014, killing everyone on board.

The Swiftair-owned McDonnell Douglas MD-83 was operated by the Spanish airline on behalf of the Algerian carrier.

Investigators said the aircraft went into a stall when it was hit ‌by ⁠ice as an anti-icing system remained switched off.

On Monday, the court ⁠said “negligence” in Swiftair’s training with icy conditions had played a role.

The captain had failed to complete an adequate proficiency check, while the crew lacked the required refresher flights following a period of inactivity.

“This ruling comes as a relief to families who have been fighting for more than 12 years for justice to be done,” said Sebastien Busy, a lawyer representing a group of relatives.

The airline has 10 days to appeal the ruling.

Swiftair attempted to have the trial dropped on the grounds that a Spanish court previously dismissed the case without any charges.

In a statement to AFP, Swiftair reiterated that the trial should not have gone ahead and that safety regulations had been followed.

The ruling marks the second time an airline has been found guilty of corporate manslaughter in France after Air France and Airbus were both ⁠found guilty earlier this year over the 2009 crash of a jetliner flying from Rio de Janeiro to Paris. The crash killed all 228 people on board, marking the worst aviation disaster in French history.

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Arab News | Amnesty urges Algeria to abandon death penalty plans after wildfires

TUNIS: Amnesty International urged Algeria’s government on Tuesday to abandon plans to resume executions after it pledged to give the death penalty to those responsible for wildfires following deadly blazes last month.

Algeria struggled to put out fires that swept through its northeast and killed 12 people last month, according to an official tally, while witnesses spoke of dozens of deaths.

A member of a civil protection unit battles a wildfire in a mountainous area near the town of Al Hachimia, Bouira Province, on July 21, 2026. (AFP)
A member of a civil protection unit battles a wildfire in a mountainous area near the town of Al Hachimia, Bouira Province, on July 21, 2026. (AFP)

The North African country has not carried out executions since 1993 but has handed down the death sentence in some instances, including terror-related cases, without carrying it out.

Last month President Abdelmadjid Tebboune ordered the justice minister to amend the penal code to impose the death penalty for people who start wildfires after the deadly blazes.

“Algeria’s authorities must immediately abandon any plans to expand the scope of the death penalty or resume executions after more than three decades without carrying one out,” Amnesty said in a statement.

It also called for the country to impose an official moratorium “as a first step toward fully abolishing the death penalty.”

Tebboune also said that people sentenced to death should be executed right after exhausting their right to appeal.

The government began looking at draft penal code amendments this month.

Tebboune said “child abductors and abusers” would also be included in the expanded death penalty plans.

Forest fires occur regularly in northern Algeria during the summer, but climate change is amplifying their impact by causing increasingly frequent droughts and intense heat.

But Tebboune alleged that there was “something criminal” about the recent blazes.

Amnesty also said “credible sources have since reported significantly higher casualties” than the official tally in the latest wildfires, “including over 70 deaths in a single municipality.”

More than 30 people were killed in July 2023 when fires tore through thousands of hectares of forests and farmland in Algeria, as well as hundreds of homes.

In 2023, Algeria handed the death penalty to more than 50 people — some in absentia — over the lynching of a 38-year-old man who was falsely accused of starting deadly forest fires two years earlier.

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Spain’s Parliament backs citizenship for Western Saharans born before 1977 | Migration News

After lower house approval, the bill to grant tens of thousands of Sahrawis citizenship now goes to the Spanish Senate.

Spanish lawmakers have backed legislation that would grant citizenship to tens of thousands of Western Saharans who were born when Spain ran the disputed territory now largely controlled by Morocco.

Spain’s lower house of Parliament on Thursday approved the legislation 168-31, with 145 abstentions.

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The bill still requires Senate approval before becoming law.

The text grants Spanish nationality to Sahrawis born before September 29, 1977 and to their children through naturalisation, even if they never resided in Spain.

Although the exact number of beneficiaries is unknown, Sahrawi groups estimate that between 70,000 and 120,000 people could benefit from the legislation, which supporters described as addressing a “historical injustice” by colonial Spain in the Western Sahara.

Tensions with Morocco

The vote comes at a particularly sensitive time for Madrid’s historically delicate relations with Rabat due to the migration crisis in Spain’s north African territory of Ceuta, and the mass arrival of at least 70,000 migrants from Morocco in July.

Spain’s leftist government has avoided blaming Morocco – which does not recognise Spanish sovereignty over Ceuta and Spain’s other North African territory of Melilla – but the right accuses Rabat of orchestrating the surge for political motives.

Morocco claims sovereignty over Western Sahara and began asserting control over the territory after Spanish ⁠rule ended.

The Algerian-backed Polisario Front independence movement seeks recognition ⁠of an independent state called the Sahrawi Arab Democratic Republic.

Many Sahrawis live in refugee camps in Tindouf in western Algeria, or elsewhere abroad, while others remain in Western Sahara.

Against this backdrop, the initiative to grant Spanish nationality to Sahrawis has divided opinion in Morocco but not prompted condemnation from the government.

Moroccan media quoted Ramadan Messaoud, a member of the Royal Advisory Council for Saharan Affairs, as saying in July that Rabat had “no problem” with Sahrawis obtaining Spanish citizenship. Others had done so “over the past few years”, noted Messaoud, who is also president of the Sahrawi Association for Human Rights.

‘Restoring’ identity

Western Sahara was a Spanish colony until 1975, when Spain relinquished its administration under agreements with Morocco and Mauritania.

Spain’s ruling Socialist Party and its junior left-wing partner Sumar, which filed the initiative, were among those who supported the bill, ‌while the opposition conservative People’s Party abstained and far-right Vox voted against it.

“With the adoption of this legislation, we are restoring – and I emphasise, restoring – the Spanish national identity card to those Sahrawis who once held it and from whom this state took it away,” said Tesh Sidi of the leftist Sumar coalition, the first woman of Sahrawi origin ⁠to serve in Spain’s Parliament.

The bill will now go to the Senate, where amendments are expected, before returning to the lower house for final approval.

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