INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Algeria president sacks finance minister after 4 months in job

Algerian President Abdelmadjid Tebboune arrives at Chigi Palace for a meeting with Italian PM Mario Draghi (not seen), in Rome, on May 26, 2022. AFP
  • The president "on Tuesday signed a decree ending the functions of Minister of Finance Abderrahmane Raouya," the presidency said in a statement
  • Raouya's sacking comes less than a month after Tebboune laid off central bank chief Rostom Fadli, in office for less than two years

Algerian President Abdelmadjid Tebboune sacked his finance minister on Tuesday after just four months in the job, without giving a reason.

The president “on Tuesday signed a decree ending the functions of Minister of Finance Abderrahmane Raouya,” the presidency said in a statement.

Raouya, 61, had been appointed in a February cabinet reshuffle, for his third stint in the job.

The ministry’s first secretary will take over until a replacement is appointed, the presidency said.

Raouya’s sacking comes less than a month after Tebboune laid off central bank chief Rostom Fadli, in office for less than two years, without giving any further explanation.