Economy
Euro zone Jobless rates hits highest level
Euro zone unemployment has risen to its highest level since the euro was introduced,as data showed today,a day after EU leaders promised to focus on creating many of new jobs to try to kickstart Europe's floundering economy.
Algeria to review hydrocarbon law to encourage foreign exploration
Algeria plans to review the law on hydrocarbons by introducing new incentives to boost foreign investment particularly in exploration, said Tuesday in Doha, Algerian Minister of Energy and Mines, Youcef Yousfi . ...
Chery QQ for DA 580,000
Algiers- the CEO of Azzouz Group (Lorries and buses), has announced the commercialization of the new Chinese car "Chery QQ" at a cost of 580,000 dinars from the first week of January 2012...
Money Laundering: 600 suspicious transaction reports received by the CTRF
Algiers - Six hundred reports of suspected money laundering in the first half of 2011 were forwarded to the CTRF (Financial Intelligence Processing Unit), according to its president Abdenour Hibouche in a statement to the press agency APS....
Algeria-United Kingdom: New era of trade
Algiers - Trade between Algeria and the United Kingdom registered a "quantum leap", reaching in less than a year nearly $ 2.5 billion, said Sunday in Algiers, the minister responsible for the Maghreb and African Affairs Abdelkader Messahel....
Oil price down in New York
The price of oil fell on Friday at the opening in New York, where there was high concerned about the amplification of the debt crisis in the euro area and its impact on energy demand....
Algeria: Over 21 billion dollars of trade surplus in 10 months
Algiers- the first ten months of the current year, Algeria has recorded a surplus of 21.43 billion dollars against 14.50 billion dollars over the same period in 2010, announced Monday the Algerian customs....
Oil opens at over $ 100 in New York
The barrel has opened above $ 100, symbolic price, on Wednesday in New York, its highest level since last June, when many bet on a decline in U.S. oil stocks....
Doha Meeting of Gas Exporting Countries
Gas Exporting Countries (GECF) meet Sunday in Doha, Qatar to prepare the first summit of this body Tuesday in the presence of Algerian president Abdelaziz Bouteflika....
Agricultural cooperatives will be subject to tender
Algiers- the government has decided to opt for bidding in the awarding of new agricultural cooperatives, announced by the President of the Republic Abdelaziz Bouteflika at the meeting of Cabinet in February last, for the benefit of investors in the agricultural sector who will benefit from state support up to 100 million centimes per hectare....
Diversion of 200 billion abroad in junk import
Algiers-the investigation undertaken by the security services, following the entry in a dubious way of not less than 170 containers loaded with appliances, in the port of Annaba, during a period of almost four months...
The Euro Falls Below $ 1.36
The Euro fell below $ 1.36, its lowest level since mid-October, before settling at $ 1.36. Wednesday in early afternoon, the euro fell to $ 1.3581....
The financial crisis in Europe will empty Algerians’ pockets
Algiers-economic experts warn against the consequences of the financial crisis in Europe on Algeria and its impact on commodity prices over the three coming years, especially as Algeria depends on import of these products....
Revaluation of the retirees’ pension from 15 to 40%
Algiers- the government has accepted a revaluation of the retirees’ pension at a rate of 15 to 40%, applicable from the current month. Retirees will benefit from an increase in their pensions between eight and ten thousand dinars (DA 8-10000)....
Fire in “Charlie Hebdo” headquarters
The satirical French weekly "Charlie Hebdo" was set on fire, following the release Wednesday of a special issue entitled "Sharia Hebdo", angering Muslims around the world....
Oil opens at less than $ 90 in New York
The price of black gold fell Tuesday at the opening in New York, doubt taking over the market after the announcement of a referendum in Greece on the European rescue plan....
Libya produces 530,000 oil barrels per day
Libya produces 530,000 barrels of oil per day, according to the Libyan National Oil Company (NOC), despite eight months of conflict that ended with the fall of the Gaddafi regime...
Ten years to farmers to repay their debts
Algiers- The Bank of Agriculture and Rural Development (BADR), has set a deadline fixed to ten years to farmers, excluded from the president decision, to enable them to repay their debts....
Agreement on the construction of a Renault plant in Algeria
Algiers- Algeria and Renault Group are about to enter into an agreement to build a vehicle plant in Algeria, according to Minister of Industry, Small Business and Investment Promotion, Mohamed Benmeradi....
Algiers “Square”, Kingdom of the Euro!
Algiers- At a few meters from the legislative institutions of the state, in full sight of National Security, dozens of young unemployed people, from different parts of the country, ignoring the most basic concepts of finance, administer the Algiers stock exchange....
Nobel/ Economics, to two American researchers
The 2011 Nobel Prize in Economics was awarded Monday to two Americans researchers for their works in macroeconomics. This is Thomas Sargent and Christopher Sims, university teachers....
International Fair for industrial vehicle: discounts up to 50 million centimes
Algiers-The fifth annual international exhibition of heavy vehicles, organized at the Exhibition Centre (Pins Maritimes: Safex), until October 8, is marked by interesting prices of trucks and commercial vehicles....
Algerian fishermen will receive a salary during breeding period
Algiers- Algerian fishermen will receive the guaranteed minimum wage (SNMG), i.e. 18,000 dinars, during breeding of fish, during which fishing is prohibited, has announced Abdallah Khanafou, Minister of Fisheries....
Algeria increases grain imports
Algiers - Algeria has resorted to increasing its grain imports to offset the large amounts fraudulently transferred to neighbouring countries, said in Algiers Friday Prime Minister Ahmed Ouyahia who has denied rumours on amplification by Algeria, of the numbers of its grain production....
The increase in wage cost DA 75 billion to state budget
The 20% increase in the minimum wage (SNMG), determined by the tripartite Friday, will cost some 75 billion Dinars to the state budget, said Friday Prime Minister, Ahmed Ouyahia, quoted by APS. ...
20% increase in national minimum wage, Ouyahia says
Algiers - The national minimum wage (SNMG) increased by 20% after rising 30% in December 2009, said Prime Minister Ahmed Ouyahia to the press after the meeting of the tripartite between the government, the union (UGTA) and employers....
DA 435 billion in foreign investment since the beginning of the year
ALGIERS - In the first half of the current year, foreign direct investment (FDI) in Algeria reached AD 435 billion, according to Abdelkrim Mansouri, General Manager of ANDI (National Agency for Investment)....
Tripartite: Employers favourable to a salary revaluation
ALGIERS- The president of the Forum of Heads of Enterprises (CFE), Reda Hamiani, expressed support for an increase in the national guaranteed minimum wage (SNMG) a few days before of the meeting between government, employers and trade union....
Algeria’s exports increased during the first semester 2011
ALGIERS- Algeria's exports in the first eight months of the current year have reached 47.14 billion dollars against 39.86 billion dollars for the same period of the previous year (2010), an increase of 18, 26%, according to a report of the Algerian Customs....
Yousfi "Our oil revenues could increase by 20%"
ALGIERS- The hydrocarbon revenues in Algeria could increase by 20% in 2011, an increase of approximately $ 11 billion, said Wednesday in Algiers, Algerian Energy Minister Youcef Yousfi....
Renewal of partnership agreement with ArcelorMittal
ALGIERS - Algerian government has given the green light to the continuation of the partnership agreement linking it to the Steel giant ArcelorMittal, said Thursday the Algerian Minister of Industry, Small Business and Investment Promotion Mohamed Benmeradi....
Algeria: 174 billion dollars of currency reserves in late June
ALGIERS- Algeria has 173.91 billion dollars in foreign reserves at the end of June 2011, announced in Algiers on Monday the governor of the Bank of Algeria Mohamed Laksaci....Algeria: USD 167 million contract to develop an oil field
ALGIERS - Algeria's Sonatrach oil company, U.S. Hess and Malaysia’s Petronas, signed Thursday in Algiers with the South Korean group Hyundai a contract of $ 167 million to exploit the deposit in Bir El M'sana in the Sahara, said the news agency APS....URGENT Libya / Oil: "Italy will maintain its first place"
"Italy will maintain its leading position" in the production of hydrocarbons in Libya, said Saturday the Italian Minister of Foreign Affairs, Franco Frattini....Trade between Tunisia and the Maghreb down 17.9%
TUNIS- commercial activity between Tunisia and the other four member countries of the Arab Maghreb Union (AMU) was down a fifth (17.9%) during the first seven months of the year, according to figures of the trade observatory published Wednesday. ...
Oil: OPEC maintains its forecast 2011, steady growth in 2012
VIENNA - The Organization of Petroleum Exporting Countries (OPEC) maintained almost unchanged its forecast of 2011 demand for crude and expects stable growth in 2012 due to uncertainties about the strength of economic recovery, it announces Tuesday in Vienna....
Algeria/EU: sixth round of negotiations on tariff elimination
ALGIERS- Algeria and the European Union (EU) began Monday in Algiers the sixth round of negotiations on tariff elimination, provided by their Association Agreement, in force since 2005, said sources close to the negotiations cited by the APS news agency....
Pöyry awarded railway site supervision contract in Algeria
Pöyry's Urban and Mobility business group has been awarded a site supervision project by Algerian National Agency for Design Studies and Monitoring of Implementation of Investment in Railways (ANESRIF), for the biggest railway project ever realized in Algeria. ...
French toxic wheat for Algerian consumers
Algiers- Algeria Inter-professional Office of Cereals (OAIC), has just import quantities of durum wheat containing poisonous mushrooms according to analysis made by the laboratory of the port of Algiers. Despite this, officials of the Office have hidden the scandal, ignoring the health of consumers already accustomed to the import of low quality products...
