Total Active Cases
A total of 4,025 medical staff have been infected with coronavirus in Algeria as of Tuesday, according to the Algeria's Scientific Committee that is monitoring the spread of coronavirus in the country.
The official APS news agency quoted a member of the committee, Djamel Fourar, as saying that we have identified about 4,025 infections among t
Oxy, saddled with debt from its nearly $40 billion acquisition of rival Anadarko Petroleum last year, wrote down the value of its oil and gas assets by $6.6 billion to reflect low crude prices during the second quarter. The average price of Oxy’s oil fell about 61 percent to $23.17 per barrel in the second quarter, down from $58.91 per barrel the same period last year.
An Algerian journalist faces years in prison if convicted on Monday in a trial rights groups call a test of press freedom in a country recently rocked by anti-government protests. Khaled Drareni, 40, was arrested on March 29 on charges of "inciting an unarmed gathering" and "endangering national unity" after covering demonstrations by the "Hirak" protest movement.
CAIRO: The Egyptian government has banned entry into the country without proof of having had a PCR test for the coronavirus from this Saturday. The test must come back with a negative result no more than 72 hours before entering the country, according to the Egyptian Cabinet announcement. It said that the decision applies only to non-Egyptian foreigners. The decision excludes
PARIS, France: French President Emmanuel Macron will host a donor conference for Lebanon via video-link on Sunday, his office said, as countries mobilize to help rebuild Beirut after this week’s massive blast. The conference, which will be co-chaired by the United Nations, will seek pledges from participants including US President Donald Trump. It is expected to decide how to
DUBAI: Oil ministers from the Gulf Cooperation Council and reaffirmed their commitment to the OPCE+ deal during a virtual meeting, state news agency SPA reported. Saudi Minister of Energy Abdulaziz bin Salman Al-Saud, UAE Minister of Energy and Infrastructure Suhail Al-Mazrouei, Kuwaiti Oil Minister Khaled Al-Fadhel, Bahraini Oil Minister Mohammed Al-Khalifa, Omani Oil and Gas
ISLAMABAD: Pakistan’s daily infection rate has stayed under 1,000 for more than three weeks, occasionally dropping to 300 and prompting the government to further ease restrictions with restaurants, parks and even gyms opening next week. On Friday, Pakistan recorded 782 new cases in the last 24 hours and just 17 deaths. In all, Pakistan has reported 282,642 confirmed cases and
(Bloomberg) -- From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future.Iraq has seen fatal protests as its electricity grid buckles amid searing heat, while Venezuela’s oil production has sunk to a 75-year low. In Algeria’s capital, tension is simmering as the hardship of virus lockdowns brings the risk of renewed demonstrations and riots.OPEC has revived oil from its historic drop but prices near $40 are still far too low for most members as they grapple with weak economies, unstable governments, restless young populations, and the ravages of climate change. As the legacy of the pandemic and the switch to cleaner energy threatens to keep crude prices lower for longer, there are profound consequences for the way oil-rich countries are run.“The shaky six of OPEC -- Algeria, Iran, Iraq, Libya, Nigeria, Venezuela -- are facing a very precarious political and economic outlook,” said Helima Croft, head of commodity strategy at RBC Capital Markets LLC.OPEC’s revenue is down about 50% from a year ago, and members’ long-running financial ailments are coming to the fore.Oil-dependent Angola is seeking to increase a $3.7 billion International Monetary Fund loan by $800 million. The country and Nigeria have devalued their currencies as a shortage of foreign exchange hammers local businesses. Iran -- battered by the twin shocks of U.S. sanctions and the virus -- and neighboring Iraq have also reached out to the IMF.Even Saudi Arabia isn’t immune, rolling out a slew of austerity measures last quarter while contending with the tripling of its budget deficit to 109.2 billion riyals ($29 billion).The strain has been showing for a while now. Last year, popular revolts forced the resignation of Iraqi Prime Minister Adel Abdul Mahdi, and ended the 20-year rule of Algeria’s Abdelaziz Bouteflika. The prospects for petrostates have dramatically shifted from just a decade ago. Oil prices were near $100 a barrel then and consumers were worried about supplies running out. Now, OPEC is increasingly having to reckon with the prospect of peak demand, when consumption starts to decline as wind and solar power become more popular.The International Energy Agency expects this turning point in the history of the industry could be just about a decade away. Covid-19 could make it even sooner.In May, BP Plc boss Bernard Looney said that remote working could erode the need for transport fuels and speed up the shift from hydrocarbons. Having consumed about 100 million barrels of oil each day last year, the world’s thirst for petroleum may never be as intense again.“The pandemic will accelerate many of the technologies and behaviors that were going to come anyway,” said Amy Myers Jaffe, managing director of the climate policy lab at Tufts University’s Fletcher School of Law and Diplomacy. For governments reliant on oil sales, the implications could be grave.“The idea that we’re going to have some up-cycle that lasts for a decade, and produces oil prices between $80 and $100, and all these countries can collect up the rent again -- that seems less likely,” she said.Peak DemandStill, oil is likely to remain a major energy source for years to come. The timing of peak demand is widely contested, with some forecasting it’s unlikely for the next couple of decades at least. For oil to be displaced, billions of dollars of spending are needed for vehicle electrification and renewable energy.Some exporters are using the downturn to diversify their economies. Saudi Arabia is pursuing reform, with its “Vision 2030” program seeking to develop other sectors such as tourism and technology.But the plan is being thwarted by spending cuts and a struggle to attract foreign investment. And for countries such as Iraq, Nigeria and Venezuela, which lack the kingdom’s deep pockets, the challenge of reform may prove insuperable.The Saudis may be content to see oil prices remain subdued a little longer, being keenly aware that another rally would only revitalize rivals like the U.S. shale industry, which has squeezed the kingdom hard over the past decade with a flood of crude, and could do so again.Hitting the competition could buy OPEC some breathing space. American drillers have been laid low by the latest crisis, and other major companies including Exxon Mobil Corp., are scaling back investments, threatening to create in a supply gap in a few years that OPEC would need to fill.But a slowdown in shale may only offer the cartel’s members a short-lived respite, said Ed Morse, head of commodities research at Citigroup Inc.“That reprieve provides for some of them an opportunity to right the balance in their economies,” Morse said. “But for a number of them, it’s sort of hopeless to think about righting the balance. It’s a reprieve, but with the high probability of petro-state failure.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
TEHRAN, Iran: Iran shut down a newspaper on Monday after it published remarks by an expert who said the official figures on coronavirus cases and deaths in the country account for only 5 percent of the real toll. Mohammad Reza Sadi, the editor-in-chief of Jahane Sanat, told the official IRNA news agency that authorities closed his newspaper, which began publishing in 2004 and
() Algeria's capital Algiers during a curfew at the end of June aimed at preventing the spread of COVID-19. ©AFP RYAD KRAMDI Algiers (AFP) - Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. And…
JABALIA, Gaza Strip: Hundreds of thousands of children walked through the streets of the Gaza Strip on Saturday to return to classes after five months of shutdown — though authorities said they were ready to close schools again if coronavirus cases spike. Pupils mingled freely before heading into playgrounds for roll call and filing into classrooms. At one school in the
BEIRUT: More than 60 people are still missing in Beirut, four days after a massive explosion at the port left more than 150 people dead, a health ministry official said Saturday. “The number of dead is 154, including 25 who have not yet been identified,” the official said. “In addition, we have more than 60 people still missing.” The health minister said on Friday that at
A new report thinks yes. An Italian rights group recently published a report in which it details several infringements of migrant rights during the lockdown and restrictions designed to fight the coronavirus pandemic. It says that deprivations of personal liberty became more numerous during the lockdown and allowed the authorities to "extend the maximum duration of […] restrictive measure[s]."
WASHINGTON - Dr. Anthony Fauci says even if the coronavirus is around for decades, public health safeguards and an eventual vaccine will allow the world to successfully adapt. The government's leading infectious disease expert was asked about whether the coronavirus could become a fact of life for generations. Fauci says the combination of public health measures - masks, hand washing, social distancing - and vaccines should mean that "you can very well control and essentially eliminate (the coronavirus) from any given country." He added: "Remember, there's only been one virus in the history of the planet that's been eradicated and that's smallpox." Vaccines are under development and it's unknown how effective they will be. But Fauci says he hopes it will be in the range of 70% to 80% effectiveness. A vaccine should be available in 2021, he says. ___ HERE'S WHAT YOU NEED TO KNOW ABOUT THE VIRUS OUTBREAK: - US deaths predicted at nearly 300,000 by Dec. 1 - Ohio's Republican Gov. Mike DeWine tests positive for virus - Dr. Fauci says public health safeguards slow virus; hopes for vaccine in 2021 - Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs. - North Korea says it is quarantining thousands of people and shipping food and other aid to a city locked down over coronavirus concerns. - A newsletter that updates residents of Portsmouth, New Hampshire, about the coronavirus pandemic is moving some readers to tears, thanks to weekly contributions from the city's poet laureate. ___ Follow AP's pandemic coverage at. ..
Algerian journalist Khaled Drareni received a three-year prison term Monday, a lawyer said, in a trial rights groups have called a test of press freedom in a country recently rocked by anti-government protests.“It’s a very heavy verdict for Khaled Drareni. We are surprised,” lawyer and president of the
LONDON: Deserted streets, empty restaurants, shuttered stores: London’s financial districts remain largely abandoned by workers still worried about the pandemic and reluctant to return to office life. The City, a square mile in the heart of the British capital traditionally home to the finance industry, was eerily quiet over the past week, with just a smattering of tourists
DUBAI: Lebanon’s Kataeb Party, a Christian group which opposes the government backed by the Iran-backed Hezbollah, announced on Saturday the resignation of its three lawmakers from parliament. The decision was announced by party chief Samy Gemayel during the funeral of a leading member of the group who died in the catastrophic explosion at the port of Beirut on Tuesday, which
TEHRAN: A Lebanese man and his daughter were shot and killed in northern Tehran by an unknown assailant on Friday night, Iran’s Mehr news agency reported. The two were “Habib Dawoud, 58 years old and his daughter Maryam, 27, who were murdered around 9:00 p.m. (1630 GMT) by an unidentified motorcyclist,” the agency said on Saturday. They were shot on Tehran’s uptown Pasdaran
BEIRUT: Arab League Chief Ahmed Aboul Gheit said on Saturday he would seek to mobilize Arab efforts to provide support to Lebanon after a massive explosion destroyed parts of its capital Beirut this week. Speaking after a meeting with Lebanese President Michel Aoun, he told reporters that the Cairo-based league of Arab states was ready to assist the investigation into the
TOKYO: Japan has agreed to acquire 120 million doses of AstraZeneca’s experimental COVID-19 vaccine if it is successfully developed, the health minister said on Friday. The agreement comes after Japan announced a deal last week to buy 120 million doses of a COVID-19 vaccine candidate developed by Pfizer Inc. and BioNTech.