Anti-Bouteflika protests shake Algeria business community

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Anti-Bouteflika protests shake Algeria business community
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One of President Abdelaziz Bouteflika's few remaining allies in the face of...

ALGIERS - One of President Abdelaziz Bouteflika’s few remaining allies in the face of mass protests, tycoon Ali Haddad, is facing pressure to quit as head of Algeria’s main business association, a move that would further weaken the embattled head of state.

He also funded Bouteflika’s election campaigns and heads the FCE, a top business association whose leaders have been long-time supporters of the president. Bouteflika, 82, rarely seen in public since suffering a stroke five years ago, bowed to the protesters last week by reversing plans to stand for a fifth term. But he stopped short of quitting and said he would stay on until a new constitution is adopted, effectively extending his present term.

Even if Bouteflika exits, a new crisis could erupt in Algeria, a major oil and gas producer. There is no clear successor with the backing of the army and aged under 70.

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