Economy
OPEC agrees on maintaining its quotas
VIENNA - OPEC members have agreed to leave production quotas cartel "as" at its ministerial meeting which began in Vienna on Wednesday said Saudi Oil Minister Ali Al-Nuaimi.
Algeria / ArcelorMittal: misconduct on Social Funds, 7 convictions
ALGIERS - Seven members of the body of social work in the steel unit of ArcelorMittal Annaba (East of Algeria), were convicted Tuesday and sentenced to 18 months suspended sentence to four years in prison for various embezzlement, said a court in El Hadjar....
OPEC might consider an increase of production in September
VIENNA - The Organization of Petroleum Exporting Countries (OPEC) could increase its production quotas at its ministerial meeting in September with a "50-50 probability" said on Tuesday the Algerian Minister of Petroleum and Mines Chakib Khelil....
Algeria: fishing of bluefin tuna in 2010 prohibited to foreigners
ALGIERS - Algeria has decided to exclude "foreign operators" of the next fishing season for bluefin tuna in waters under its jurisdiction in favor of nationals, said Sunday the Algerian APS agency, quoting the Ministry of Fisheries. ...
Algeria interested in continuing its gas exports to Turkey
ALGIERS - Algeria wants to continue its gas exports to Turkey after 2014, date of expiry of current contract between the Algerian state company Sonatrach and the Turkish company Botas said on Wednesday the Algerian Minister of Energy and Mines Chakib Khelil....
Austrian banks have laundered 2 billion euros of Mafia
VIENNA - Austrian banks have helped from 2005 to 2007 the laundering of some two billion euros on behalf of the Italian Mafia, reported Sunday the weekly Austrian weekly Profil....
100% increase in car insurance cost
Algiers- The President of CAAR, an insurance company, and the CEO of the National Insurance Company SAA, Amara El Atrous, declare that insurers have asked the Algerian government to double the price of the compulsory insurance of vehicles, which represents over 80 % of the insurance market in Algeria. Amara El Atrous adds that car insurance costs insurance companies large losses every year. ...
Meat at 400 DA/kg from next April
Algiers- The price of red meat will sharply drop next April under an agreement to be signed by a group of importers of this product with their Sudanese counterparts in the coming weeks. This agreement will contribute to stable prices throughout the year and put an end to the disturbances experienced by this vital food, especially during religious events. ...
Algeria and Oman to enhance bilateral cooperation
Muscat (Oman)- The fifth session of the Algerian-Omani Joint Committee, co-chaired by Foreign Minister Mourad Medelci and his Omani counterpart Yusuf Bin Alawi Bin Abdullah, has wrapped Wednesday. ...
Bouteflika firmly determined to protect national economy
Algiers- President of the Republic Abdelaziz Bouteflika on Tuesday underlined the State's determination to "protect the national economy from parasitic practices and fraud." ...
A nephew of former Foreign Minister wasted $ 2 billion of Sonatrach
Algiers- According to various sources of Ennahar, the national oil company "Sonatrach" could permanently lose the $ 2 billion deposited in "Errayane Bank, a Dubai branch. The money was deposited by the company at the time when the nephew of former foreign minister, named Farid Bedjaoui, an Algerian national was Director of Administration of the bank. ...
Rachid Benaïssa en Egypte
Le Caire- Les ministres arabes de l'Agricultures et leurs homologues africains examinent, mardi à Charm El-Cheikh (Egypte), la coopération, le développement de l'agriculture et la sécurité alimentaire. ...
Construction of 50 markets of fruit and vegetables and 30 laboratories
Mascara (Algeria)- Commerce Ministry allocated a budget worth 47 billion dinars for the cosntruction of some 50 fruit and vegetables markets and 30 experiments and quality control laboratories, ...
The African Development Bank opens office in Algiers
ALGIERS - The African Development Bank (ADB) opened an office in Algiers, which is now operational," said Sunday Assitan Diarra-Thioune, resident representative of this institution in Algeria, during a meeting with the press. ...
Algeria and Poland want to develop a partnership in energy
ALGIERS - Algeria and Poland Saturday discussed the possibilities of developing a partnership in the energy sector, during the visit to Algiers by the Deputy Prime Minister and Polish Minister of Economy Waldemar Pawlak, reported the Algerian APS agency. ...
Algeria: protection of water ressources in the South
Adrar (Algeria)- Water Resources Minister Abdelmalek Sellal insisted Thursday in Adrar on the necessity to preserve water resources in the country's south. ...
Freezing of funds of the Italian company SAIPEM
Algiers- The amount of contracts won by the Italian company SAIPEM exceeds 6 million Euros and this in just six months during the year 2008. ...
Toyota: 488 defective vehicles in Algeria
Algiers- "Toyota dealership in Algeria has imported 488 vehicles affected by the defects disclosed by the Japanese automaker," the Trade Ministry's Economic Control and Fraud Squad announced on Monday...
Housing: loans of 700 and 400 million dinars
Algiers- The government has set the terms and conditions for granting loans, to officials, by the public treasury, for the acquisition or extension of a dwelling. ...
Exclusion of 20.000 false farmers from debt cancellation
Algiers- according to the latest information available from the National Farmers Union, it has been proceeded to the exclusion of not less than 20,000 farmers for lack of farmer’s card, from the decision of President Abdelaziz Bouteflika made at the national conference on agriculture held in Biskra February 28, 2009, regarding the cancellation of debts of farmers estimated at 41 billion dinars. ...
Sugar at 100 dinars, and rise in soft drinks Price
Algiers- The price of sugar increased to 100 dinars per kilogram. This is first increase of this kind which touches a vital product for Algerian families. ...
Interest free Home loan for civil servants
Algiers- The new measure of the Finance Act 2009, on the home loan at 1% interest, will come into force in the coming days. The credit will be granted to any citizen wishing to buy a home, all forms together, submitted by the public authorities. ...
Investigation in France on fake dinars trafficking
LYON (France) - The Algerian state is a civil party in the course of an open investigation in France on a large case of counterfeiting, which led in October to the dismantling of a network of manufacturers of counterfeit Algerian dinars in Lyon, according to the newspaper « Liberation. » ...
Emerging countries: The 2nd Summit will take place in April in Brasilia
BRASILIA - The big emerging countries (Brazil, Russia, India and China), whose ambition to gain influence on the world stage, will hold their second summit on April 16 in Brasilia, said Wednesday Brazilian presidency source. ...
The EU wants to "revive" trade talks with Algeria
ALGIERS - The European Union intends to "boost" talks with Algeria in the context of new negotiations in June on the basis of an association agreement signed in 2005, said Wednesday the head of a delegation of the Commission. ...
Toyota: many complaints about the Prius' brakes
TOKYO - Japanese automaker Toyota said Wednesday they had received "dozens of complaints" from Japan and the United States about the brakes of the Prius hybrid car the most sold in the world and the flagship product of the group. ...
Toyota President apologizes
TOKYO - Toyota President Akio Toyoda, apologized Saturday for the recall of several millions of its models due to a problem of their accelerator, in an interview on Japanese public television NHK....
scandals in Sonatrach make heads fall
Algiers- Fifteen people accused of money laundering, abuse of power, corruption and squandering of public money ...
Signing of a gas contract in Algeria for Repsol, Enel and Suez-GDF
ROME - A consortium of Italian energy group Enel, Spanish Repsol and Franco-Belgian GDF-Suez signed Sunday a contract with the state agency ALNAFT and Algerian state company Sonatrach for exploration and exploitation of a gas field. ...
CEO of Sonatrach placed under judicial supervision
Algiers- Vice-President of Sonatrach "downstream" activity Adelhafid Feghouli has been appointed to act as interim Chief Executive Officer of the National Oil Company Sonatrach, in replacement of Mohamed Meziane, Energy and Mines Minister Chakib Khelil declared Sunday in a news conference. ...
Algeria: tightening of the strike at Arcelor-Mittal Annaba
ALGIERS - The 7200 employees of the steel giant Arcelor-Mittal El Hajar near Annaba (East of Algeria) are willing to tighten their strike which began January 4 with "escalation" of their action, we learned Saturday from union sources. ...
CEO of Sonatrach charged for alleged embezzlement
ALGIERS - The CEO and several executives of the Algerian oil company Sonatrach, which provides 98% of foreign exchange earnings of the country, have resigned after being indicted Wednesday by a judge of Algiers in a case of alleged wrongdoing, according to several newspapers. ...
Arcelor-Mittal wants to negotiate a global investment
ALGIERS - The management of Arcelor-Mittal Annaba (East of Algeria) wants to negotiate with the Algerian government development plans steel complex whose 7,200 workers are on strike since Tuesday, said on Thursday a union source. ...
Algeria: end of the strike at SNVI
ALGIERS - A strike by 5,000 employees of the Algerian National Company of industrial vehicles (SNVI), launched January 4, ended Thursday after opening a dialogue with the authorities on their claims, declared the union of this company. ...
Strike at SNVI: Sidi Said will meet with workers
Algiers- Secretary General of General Union of Algerian Workers (UGTA), Abdelmadjid Sidi Said, expressed support Tuesday for a meeting Wednesday with trade union bodies....
Algeria: Arcelor-Mittal complex (East) still paralyzed by a strike
ALGIERS - The steel complex Arcelor-Mittal Annaba in eastern Algeria was still paralyzed Wednesday morning by the unlimited strike launched Tuesday by the company union protesting against the proposed closure of the coke oven said one union source. ...
Algeria: 7.200 employees of Arcelor-Mittal begin an "indefinite strike"
ALGIERS - The employees of Arcelor-Mittal Annaba in eastern Algeria, Tuesday began an "unlimited strike" to the call of their union which denounced the refusal of management to invest in renovation of the coking steel complex, told AFP his secretary general. ...
The UPM meets to appoint a Jordanian as general secretary
BRUSSELS - The representatives of the Union for the Mediterranean (UPM) met Tuesday in Brussels to agree to support the appointment of a Jordanian as General Secretary, an important step to revive the forum. ...
Aigle Azur airline opens new a agency in Setif
Paris (France)- Aigle Azur airline has just opened a new agency in the town of Setif (300-km east of Algiers), a company's communiqué announced on Monday. ...