INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

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.