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's parliament to elect new interim president on Tuesday: agency

Published 04/06/2019, 03:57 PM
Updated 04/06/2019, 04:00 PM
Algeria's parliament to elect new interim president on Tuesday: agency

ALGIERS (Reuters) - Algeria's parliament on Tuesday will elect a new interim president, state news agency APS said on Saturday, after veteran ruler Abdelaziz Bouteflika resigned following mass protests.

Bouteflika ended 20 years in power on Tuesday after a final nudge by the military, following six weeks of protests calling for democratic reforms after almost 60 years of monolithic rule by veterans of the 1954-62 independence war against France.

Under the constitution, both chambers of the assembly need to formally confirm the vacancy of the presidency and elect an upper house president to run the country on an interim basis for three months until elections.

The current upper house chairman Abdelkader Bensalah stands to become interim president as of now.

But he, like Prime Minister Nouredine Bedoui and Tayeb Belaiz, head of a Constitutional Council who had formally received Bouteflika's resignation, are facing pressure from protesters to quit as they are seen as close to the establishment.

Demonstrators want a completely new political landscape and they see the three as part of an old guard which helped keep Bouteflika in power for 20 years.

In the weeks before Bouteflika's resignation, his inner circle was depleted by the resignation of several of his close allies from influential positions in politics and business.

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.