Between January and June 2013, security officials in Algeria seized 78 tons of cannabis resin in the country. The amount seized was higher than the 71 tons of marijuana that was seized during the first half of 2012. Most of the cannabis products that enter Algeria is trafficked from neighboring Morocco. Source: Lamine Chikhi, “Algeria… Continue reading Cannabis Resin Seizures in Algeria
According to the Ministry of Energy and Mines, around 1.5 billion liters of fuel is smuggled out of Algeria each year. The amount of fuel that is smuggled is worth $15 Million per year. The fuel is smuggled to the border of Morocco, where the region consumes more fuel each year than the capital of… Continue reading Fuel Smuggling in Algeria
According to the United States Treasury Department, the average kidnap for ransom payment to Al Qaeda in the Islamic Maghreb (AQIM) was $4.5 Million per hostage in 2010. In 2011, the average amount of ransom paid increased to $5.4 Million per hostage. Al Qaeda in the Islamic Maghreb is based in Mali and operates throughout… Continue reading Al Qaeda in the Islamic Maghreb Earnings from Ransom
Islamist Militants are believed to have earned $120 Million between 2002 and 2012, according to a United States Treasury Official. Al Qaeda in the Islamic Maghreb (AQIM) alone is estimated to have made tens of millions of dollars in ransom payments.
Al-Qaeda in the Islamic Maghreb, or AQIM, is credited with kidnapping over 50 Europeans and Canadians and holding them for ransom between 2003 and 2011. The kidnappings for ransom is estimated to have generated the group around $130 Million.
Kidnapping for ransom by the Al-Qaeda in the Islamic Maghreb, an Algerian based off-shoot of Al-Qaeda, generated $80 Million between 2008 and 2011, according to a military official. Some ransoms for kidnapped hostages were reported to be as high as $2 million.