Trial of Algerian President's Son Stirs Controversy

FILE PHOTO: Algerian President Abdelmadjid Tebboune is pictured at the National People's Assembly (APN) in Algiers, Algeria June 20, 2017. REUTERS/Ramzi Boudina
FILE PHOTO: Algerian President Abdelmadjid Tebboune is pictured at the National People's Assembly (APN) in Algiers, Algeria June 20, 2017. REUTERS/Ramzi Boudina
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Trial of Algerian President's Son Stirs Controversy

FILE PHOTO: Algerian President Abdelmadjid Tebboune is pictured at the National People's Assembly (APN) in Algiers, Algeria June 20, 2017. REUTERS/Ramzi Boudina
FILE PHOTO: Algerian President Abdelmadjid Tebboune is pictured at the National People's Assembly (APN) in Algiers, Algeria June 20, 2017. REUTERS/Ramzi Boudina

The trial of the son of Algerian President Abdelmadjid Tebboune opened on Wednesday, stirring nationwide controversy.

Khalid Tebboune is on trial in a corruption and drug trafficking case, alongside real-estate mogul Kamal Sheikhi, dubbed the butcher, and other suspects that include two judges.

This comes amid ongoing protests against Tebboune with demonstrators saying he was placed in power by loyalists to the former regime of Abdelaziz Bouteflika.

The defendants were arrested in May 2018 after the seizure of seven quintals of cocaine on a ship. The drugs were hidden in a red meat shipment belonging to Sheikhi, which he imported from Brazil as part of a commercial deal with the Algerian army.

According to investigations carried out by the gendarmerie research group, many of Sheikhi’s buildings in the capital were constructed in record time thanks to exceptional facilities he received as a result of Tebboune’s intervention at a time his father was housing minister in the former cabinet.

Tebboune would make it easier for Sheikhi to be granted construction permits.

Authorities had relocated Tebboune from a cell in El Harrach prison to the penitentiary’s clinic. This was done to ensure his safety and in fear of other inmates attacking him now that he is the son of the president.

A fierce debate among politicians regarding the way the judiciary will deal with the president's son. Many questions arose, such as: Will he be acquitted despite the fact that investigations confirmed that he personally benefited from the relationship with Sheikhi?

If Tebboune is convicted, this will inevitably hurt the president's reputation, both domestically and internationally, because his personal involvement in the case will also be confirmed.



World Bank Looking to Free up Emergency Funds for Lebanon, Managing Director Says

 A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (AFP)
A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (AFP)
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World Bank Looking to Free up Emergency Funds for Lebanon, Managing Director Says

 A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (AFP)
A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (AFP)

The World Bank is looking to free up emergency funds for Lebanon, potentially including up to $100 million through the use of special clauses in existing loan deals, its managing director of operations told Reuters.

The Washington-based development lender currently has $1.65 billion in loans to the country including a $250 million loan approved this week to help connect dispersed renewable energy projects in the country.

Amid fighting across southern Lebanon, the bank was currently discussing ways in which it could help support the economy, including through the use of so-called Contingent Emergency Response Component (CERCs) clauses.

"We can use our existing portfolio and free up some money for really critical, short-term liquidity needs," Anna Bjerde said.

CERCs are present in around 600 of the bank's existing projects, globally, and allow it to redirect funds that have yet to be disbursed, if requested to by a government, for example after a health or natural disaster, or during conflict.

Lebanon has yet to make such a request, Bjerde said.

After a year of exchanges of fire between Hezbollah and Israel mostly limited to the frontier region, the conflict has significantly escalated in Lebanon.

Hezbollah fired rockets at Israel's third largest city Haifa on Monday, while Israeli forces looked poised to expand ground raids into south Lebanon on the first anniversary of the Gaza war, which has spread conflict across the Middle East.

Lebanon's government could choose to use an existing social protection program that was put in place during the COVID-19 pandemic that allows for financial support to be sent to individuals, Bjerde said.

"It has the benefit of being totally digital so you can reach people, plus it can be verified a bit... so we will also probably use that to top up the social safety net for those that are particularly affected."

Up to 1 million people have been internally displaced in the country, she added: "So it's important we focus on that".

Lebanon's finance ministry and economy ministry did not immediately respond when asked for comment.