Algeria Financial News

Imane Khalif has become the target of politicians, and rabble-rousers and has become the focus of one of the most polarised cultural debates — the inclusion of trans people in sports. After the Algerian boxer defeated her Italian counterpart, Angela Carini in the boxing ring at the Paris Olympics, her victory sparked a global outrage as she was assumed to be a trans woman. Khelif emerged victorious when Carini conceded merely 46 seconds into their welterweight match after enduring several blows to the face. Following Carini's Round of 16 bout in Paris, the Italian Prime Minister criticized the International Olympic Committee (IOC), stating, «Given the testosterone levels in the Algerian athlete's blood, it’s evident that the competition was unfair from the beginning.» In a social media post, American politician Donald Trump promised to ban men from women's sports.

Paris Olympics 2024 within a matter of a week but one certain incident caught the eye of the entire world when boxer Imane Khelif of Algeria knocked out her Italian opponent within a matter of 46 seconds. Right after this knockout, there were cries of unjust and unfair means being used, with Khelif's sexual identity coming into question.

Italian female boxer Angela Carini has spoken for the first time after her opponent and Algerian boxer Imane Khelif's 46-second win in a 66-kilogram fight at the Paris Olympics 2024 on Thursday. Carini revealed that she didn't give up but a punch hurt her badly. Subsequently, she decided to leave with her «head held high». 25-year-old Italian boxer retired hurt and shrugged off attempts by Khelif to shake her hand, before collapsing to her knees and sobbing uncontrollably in the middle of the ring.

visa applications in 2023. Out of the 151,752 visa requests filed by Indian nationals, a substantial number were denied. This led to an estimated loss of €12.1 million in visa application fees for Indian applicants, highlighting the financial burden on those attempting to travel to Schengen countries. In 2023, Schengen states rejected a total of 1.6 million visa applications, resulting in €130 million in generated funds, according to SchengenNews. Among the affected nationalities, Indian applicants faced significant financial losses due to high visa rejection rates. Other nationalities facing high rejection rates included Turks, Algerians, Moroccans, and Chinese. Turkish nationals experienced the highest monetary loss, with €13.5 million spent on rejected visa applications. Algerians followed closely, losing €13.3 million, while Moroccans lost €10.9 million, and Chinese applicants faced losses of €4.8 million despite having one of the highest approval rates.

Rafah. Here are the top ten updates:1. As reported by AP, the inferno at the tent camp has sparked widespread international condemnation, with even some of Israel’s closest allies expressing outrage over the military’s expanded offensive into Rafah.

southern Gaza city of Rafah, newswire AFP reported.“The closed-door meeting was requested by Algeria, which is currently a non-permanent member of the council," AFP reported quoting diplomats.Meanwhile, Israeli Prime Minister Benjamin Netanyahu dismissed the attack on Monday as a "tragic mistake." The incident occurred in Rafah, southern Gaza, triggering a fire at a camp where displaced Palestinians had sought shelter. Local officials, as reported by the Associated Press, said that the attack resulted in the deaths of at least 45 people.Also Read: 'Despite our utmost efforts...': Netanyahu calls Israeli strike in Rafah a 'tragic mistake' that killed 45 people“Despite our utmost efforts not to harm innocent civilians, last night there was a tragic mistake," Netanyahu said Monday in an address to Israel’s parliament.

Schuyler Jones, a globe-trotting American anthropologist and adventurer whose exploits drew comparisons to iconic movie character Indiana Jones, has died. He was 94. Jones' stepdaughter, Cassandra Da'Luz Vieira-Manion, posted on her Facebook page that Jones died on May 17. She said she had been taking care of him for the last six years and «truly thought he might live forever.» «He was a fascinating man who lived a lot of life around the world,» she wrote.

Also Read: SBI FD rate hike: State Bank of India raises fixed deposit interest rates on these tenors. Check latest FD rates here According to a report by The Sun, 45-year-old Omar vanished from his house in 1997. When his family failed to find him, it was assumed that he had died during a civil war between Algeria's government and Islamist rebel groups.

Democracy Perception Index revealed a striking sentiment among Indians, with nearly 75% expressing concern that global corporations pose a threat to democracy. As per the survey findings, after economic inequality and corruption, global corporations are viewed as the third most significant threat to democracy. The US also stands out as among the countries with the highest levels of the perceived threat from global corporations. India is also ranked top among countries fearing that big tech companies like Google, Amazon and Meta threaten democracy.

Russia and China on Friday vetoed a US-led draft resolution at the Security Council on a ceasefire in Gaza, with Moscow accusing Washington of a «hypocritical spectacle» that does not pressure Israel. The United States, Israel's main ally which has vetoed previous ceasefire calls, put forward the resolution which for the first time would have supported «the imperative of an immediate and sustained ceasefire» and condemned the October 7 attack by Hamas.

Mint explains why the Opec+ has curbed output and the demand outlook for the world. Crude oil price (Brent) has stayed below $100 a barrel since August 2022, after the sharp rise in the early days of the Russian invasion of Ukraine. While it has largely held above $80, the price dipped to the low seventies a few times in the past year.

Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts

By Maha El Dahan and Alex Lawler

Algeria will flex its muscle as a critical supplier for European countries seeking to lessen dependence on Russian gas as it welcomes leaders from other energy rich nations to a summit in Algiers this week

NEW DELHI : India will not grant permission to domestic rice exporters to participate in United Nations World Food Program (WFP) tenders, a senior official told Mint, a move that risks stoking global food security concerns. This is the first time New Delhi has taken such a measure, which is yet to be announced publicly.

ceasefire in Gaza amid the Israel-Hamas conflict, Reuters reported. The resolution, put forward by Algeria, sought an immediate humanitarian ceasefire, while the US has pressed for a temporary ceasefire tied to the release of hostages held by Hamas.

veto. Algeria, the Arab representative on the council, put the draft resolution in a final form that can be voted on. Council diplomats, speaking on condition of anonymity because they weren’t authorized to speak publicly, said the vote will take place Tuesday morning. In addition to a ceasefire, the final Algerian draft, obtained by The Associated Press, reiterates council demands that Israel and Hamas “scrupulously comply” with international law especially the protection

United Nations Security Council is likely to vote on Tuesday on an Algerian push for the 15-member body to demand an immediate humanitarian ceasefire in the Israel-Hamas war, said diplomats, a move the United States signaled it would veto. Algeria put forward an initial draft resolution more than two weeks ago. But U.S. Ambassador to the U.N. Linda Thomas-Greenfield quickly said the text could jeopardize «sensitive negotiations» aimed at brokering a pause in the war.

In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children's educations abroad

Yemen's Houthi rebels on merchant and commercial vessels in the Red Sea area. The resolution, sponsored by the United States and Japan, says at least two dozen Houthi attacks are impeding global commerce «and undermine navigational rights and freedoms as well as regional peace and security.»