Algeria's incumbent President Abdelmadjid Tebboune has been re-elected for a second term, according to preliminary results showed on Sunday.
Mohamed Charfi, head of the Independent Authority for Elections, said in a press briefing in the capital Algiers that Tebboune received 5,329,253 votes, or 94.65 percent of the total.
His nearest competitor, Abdelaali Hassani Cherif, garnered 178,797 votes, or 3.17 percent, while Youcef Aouchiche secured 122,146 votes.
According to regulations, the country's Constitutional Council will review any appeals from the candidates before finalizing the results.
The presidential election was held on Saturday, with more than 23 million citizens eligible to vote. Although Algerian presidential elections are traditionally held in December, Tebboune moved this year's election to an earlier date in March, citing "technical reasons."
The 78-year president first took office in 2019 following a political crisis and the resignation of late President Abdelaziz Bouteflika.
During his electoral campaign, Tebboune pledged to continue addressing Algeria's political and economic challenges.
Algeria's incumbent President Tebboune re-elected for 2nd term: preliminary results
Algeria's incumbent President Tebboune re-elected for 2nd term: preliminary results
Beijing's consumer gold market has been running hot during the Mid-Autumn Festival holiday, despite recent rises in the gold price on international markets.
Last week, the main contract for gold futures on the New York Mercantile Exchange (COMEX) has risen to over 2,600 U.S. dollars per ounce.
At a gold shop in Beijing's Xicheng District, the price of pure gold jewelry went up to about 737 yuan (about 104 U.S. dollars) per gram, but many shoppers are still looking to buy gold jewelry especially during the Mid-Autumn Festival holiday and the end-of-summer wedding season.
"It is now more than 700 yuan (about 98.7 U.S. dollars) per gram, but when we were here about two months ago, it was only just above 600 yuan (about 84.6 U.S. dollars) per gram," said a customer.
"I'm getting married, so I came to have a look. Even if the price goes up, we still have to buy it," said another customer.
"I had nothing to do during the holidays, so I came here to take a look [at the gold jewelry]. I just bought a lucky charm bead and now I want to take a look at the bracelet," said another customer.
At the shop's gold investment counter, many consumers have been making inquiries about gold bars, which has long been considered a safe investment, although experts recommend caution in the rising gold market.
At the shop's gold investment counter, many consumers have been inquiring about gold bars, which have long been considered a safe investment. However, experts recommend caution in the rising gold market.
"Many investors will buy gold bars for medium- to long-term investment based on their expected price as part of their overall family asset allocation. We suggest that investors be more rational in their decisions," said Li Yang, a senior gold investment analyst.
Beijing consumer gold market remains hot despite rising prices
Beijing consumer gold market remains hot despite rising prices
