Economy
Karim Djoudi: Algeria ready for its reflationary programme
Algeria has the financial capacities for its five-year reflationary programme (2010-2014), worth 150 billion USD, despite the decline in global oil prices and its oil revenues, said in Washington Finance Minister Karim Djoudi.
The Shame Of Being Fired
Xiao Peng lost his job five months ago. This young Chinese man, an IT assistant in Beijing, worked with an Indian company of 20 employees....
Oil: OPEC wants oil over 70 Dollars
The Organization of Petroleum Exporting Countries (OPEC) is seeking a price per barrel exceeding 70 dollars, said in Algiers on Sunday the Secretary-General of the cartel Abdellah El Badri. ...
Africa: Dark clouds on the continent
Reduced to the rank of helpless spectator, the African continent sees the shock wave from the economic crisis born in the West becoming dangerously close, endangering its growth prospects and threatening the fight against poverty. ...
The Secretary General of OPEC to visit Algeria on Saturday
The Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Abdellah El Badri will make from Saturday a working visit of several days in Algeria, announced Wednesday the Algerian Ministry of Energy. ...
Morocco: record grain harvest in 2009
The 2009 cereal harvest will be exceptional, with 102 million quintals, or 69% more than a normal year with abundant rainfall, said Tuesday the Minister of Agriculture Aziz Akhenouch. ...
Oil: Iran will support a reduction in OPEC quotas if necessary
Iran will support a reduction in quotas of the Organization of Petroleum Exporting Countries (OPEC) if there is an excess of supply, said Tuesday in Tehran's representative in the cartel. ...
HSBC to cut its share of the British Arab Commercial Bank
The British giant banking HSBC announced Tuesday it was discussing a possible reduction of its 49% stake in the British Arab Commercial Bank (BACB) as part of a capital reorganization of the property jointly owned by several Arab countries. ...
The OPEC lowered its prediction for new demand for crude in 2009
The Organization of Petroleum Exporting Countries (OPEC) has again lowered Wednesday its prediction for demand for crude in 2009, due to the decrease in consumption caused by the global recession in its monthly report for April. ...
Sonatrach discovered oil in Libya
The Algerian oil company Sonatrach announced Monday the discovery of oil in the Ghadames basin, 230 km south of Tripoli in Libya, in partnership with the National Libyan hydrocarbons (Noc). ...
Arab financial institutions meet 15- 16 April in Amman
Arab financial institutions will meet next Wednesday and Thursday in the Jordanian capital Amman with the participation of finance and planning ministers and governors of central banks representing their countries within this body. ...
France with FAO launches a fund to help African agriculture
France, FAO and the African Development Bank launched the initiative of a fund of 500 million euros to help African agriculture, said Wednesday the French secretary of state for Cooperation, Alain Joyandet on BFM radio. ...
Algeria: Monkey...s Salary
The Social movements has made a pause for the campaign for the presidential election of 9 April in Algeria but promise, however, to resurface immediately after, with the main demand of increase of salaries, the lowest in the Maghreb. ...
Oil opens lower in New York
Oil prices retreated at the opening Monday in New York, in a market low in anticipation of a new opening and down Wall Street. ...
Morales about the IMF: ...the wolf can not keep the flock...
The Bolivian President Evo Morales has denounced Friday the injection of more than 1,000 billion dollars through the IMF against the global crisis, saying that countries at the root of the crisis can not solve it, or his words, that ...the wolf can not keep the flock.... ...
Sonatrach: New gas discovery
The Algerian oil and gas group Sonatrach announced Monday the discovery in Algeria of a new gas field in partnership with the consortium Repsol Exploration SA / RWE Dea AG / Edison International. ...
G20: List of countries and leaders taking part in the summit
Here is the list of participants at the G20 summit, which must meet Thursday in London, leaders of major developed countries and emerging countries as leaders of international institutions to discuss the fight against the economic crisis. ...
Food crisis will get worse
The food crisis, which affected many developing countries, will get worse with rising food prices and increase in inflation, warned Peter Brabeck the chairman of Nestlé in the press Wednesday. ...
G20 & developing countries
The voice of developing countries should be better taken into account in international organizations, said Wednesday in Dakar Senegalese Minister of Economy Abdoulaye Diop, before the London summit of leaders of the G20. ...
G20, a club of countries that represent 90% of the global economy
The G20, including heads of state gather Thursday in London, was established in the late 1990s in response to crises in Russia and Asia, and includes the major industrialized and emerging countries on the planet. ...
Nano, the cheapest car in the world
The Indian group Tata has launched Monday the cheapest car in the world, the ...Nano,... a revolutionary vehicle at 2000 dollars for the emerging middle classes in India, but also for the West with the economic crisis. ...
World Water Forum: Disagreement on the rights to water
The 5th World Water Forum, which gathered more than 25,000 people during one week in Istanbul, was completed on Sunday on a statement including the need to improve access to water and sanitation around the world. ...
Khelil: Oil will rise to 60 dollars by the end of 2009
Oil prices rise to 60 dollars by the end of the year if equity markets continue to improve and if the G20 adopts effective measures to revive the credit, said Tuesday the Algerian Minister of Energy and Mines, Chakib Khelil. ...
OPEC maintains its level of crude oil production until May
The Organization of Petroleum Exporting Countries (OPEC) decided Sunday to maintain its level of crude oil production until May, said the Iraqi Oil Minister Hussein Al Chahristani at the end of a meeting of OPEC to Vienna. ...
OPEC: Algeria would lower production Sunday
The Algerian Minister of Petroleum and Mines Chakib Khelil said Saturday upon arrival in Vienna that he wanted a lower production of OPEC on the eve of a cartel meeting. ...
The OPEC may further reduce production in March
The Organization of Petroleum Exporting Countries (OPEC) could decide on a further drop in production at its meeting in mid-March, said its current chairman, Jose Maria Botelho de Vasconcelos in a statement to the German press Monday. ...
A barrel of oil at 40 dollars will not serve the world economy
A barrel of oil around 40 dollars will be of no benefit to the global economy over the long term, contrary to what recent International Energy Agency (IEA), said Friday the cartel of exporters crude from OPEC. ...
Islamic finance as an alternative
Finance and Islamic banking should be developed as an alternative to the financial model of Wall Street, discredited by the global crisis, declared the participants of the World Islamic Economic Forum (WIEF) which ended Wednesday in Jakarta. ...
Algeria: meeting of the 7 members of the IMF and WB on the global crisis
Finance ministers of Algeria and six other members of the International Monetary Fund (IMF) and World Bank (WB) analyzed in Algiers Saturday the impact of the global economic crisis on their economies, said the 'Algerian agency APS. ...
Impact of the crisis on tourism in the Maghreb
The three Maghreb countries (Morocco, Algeria, Tunisia) consider measures to diminish the impact of the crisis on tourism, but if all are affected, some are more vulnerable than others, according to the specialists of the sector. ...
World economic crisis: 51 million unemployed more according to the ILO
The global economic crisis could cause 51 million unemployed people more « if the situation continues to deteriorate, » warned Wednesday the International Labor Office (ILO) in its report on employment in 2009. ...
Wall Street goes down, the market review its ruling on bank
The New York Stock Exchange fell Friday at midday, the market revise its decision on the bank values after the reorganization of the Citigroup bank and the support provided by the Federal Government to ...Bank of America.... The Dow Jones lost 0.81 % and the Nasdaq 0.94%. ...
Algeria: Oil production reduced after the summit of Oran
Algeria has reduced its oil production of 200,000 b/day from January 1st, in accordance with the decision taken in December by the Organization of Petroleum Exporting Countries (OPEC) in Oran (Algeria), said Saturday the Algerian minister of Energy and Mines, Chakib Khelil. ...
Algerian gas for the EU under conditions
Algeria is ready to increase its gas deliveries to its customers in Europe, where contracts allow, said Saturday the Algerian Minister of Energy and Mines, Chakib Khelil. ...
Charter of gas producing countries
The gas exporting countries have adopted the charter of the new Forum of Gas Exporting Countries (FPEG) which will be headquartered in Qatar, announced Tuesday the Russian Energy Minister Sergei Chmatko. ...
OPEC in favour for reduction
All ministers of the OPEC agree for a reduction of the production of oil, declared Monday in Oran (Algeria) the president of the organization of ...
