Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Algeria election may be postponed, protests continue

Published 05/17/2019, 01:36 PM
Updated 05/17/2019, 01:36 PM
© Reuters. A police officer sprays tear gas during an anti-government protest in Algiers

By Lamine Chikhi

ALGIERS (Reuters) - Algeria's imminent presidential election looks likely to be postponed, a source said on Friday, as protesters returned to the streets for the 13th successive Friday to demand the removal of the nation's ruling elite.

After two decades in power, President Abdelaziz Bouteflika quit last month under pressure from protesters and the army, but demonstrations have continued seeking political reforms and the removal of all officials belonging to the old guard.

A presidential election is scheduled for July 4.

But a source familiar with the matter said the vote was to be delayed due to difficulties of organizing the logistics in time and opposition on the street.

"There won't be elections on July 4," he told Reuters, asking not to be named.

Hundreds of protesters began gathering again on Friday, calling for the resignations of the interim president, Abdelkader Bensalah, and Prime Minister Noureddine Bedoui, appointed by Bouteflika days before he stepped down.

"No to elections of shame. Remove Bensalah and Bedoui first," read one banner held up in downtown Algiers.

The Constitutional Council, which is overseeing the transition, was expected to issue a statement on the election process shortly. The deadline for would-be presidential candidates to collect and submit 60,000 signatures is May 25.

© Reuters. A police officer sprays tear gas during an anti-government protest in Algiers

The source told Reuters the vote could be delayed until the end of the year, with names in the air to run the transition including conservative former minister Ahmed Taleb Ibrahimi and technocrat and former prime minister Ahmed Benbitour.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.