Economy
Algeria-Portugal: nine cooperation agreements signed
LISBON- Algeria and Portugal signed in Lisbon on Tuesday nine cooperation agreements and partnerships in various areas and sectors at the end of works of the third high-level meeting between Algeria and Portugal.
Dismantling of a network of alleged counterfeiters
ALGIERS - A network of three counterfeiters suspected to have placed on the market more than 40 million counterfeits Dinars and Euros, was dismantled this week in Algeria, according to El-Watan Weekend on Friday....
Dominique Strauss-Kahn received by President Bouteflika
ALGIERS - The Chief of the International Monetary Fund (IMF) Dominique Strauss-Kahn was received Wednesday by President Abdelaziz Bouteflika in Algiers, where he completed a 24-hour visit. ...
Algeria is determined to buy the mobile operator Djezzy
ALGIERS - Algeria is determined to redeem the very juicy mobile operator Djezzy, Algerian subsidiary of Orascom Telecom Holding (OTH) transferred to the giant Russian-Norwegian VimpelCom...
Investigation on 200 billion centimes at GCA
Algiers- General Inspectorate of Taxes in coordination with the Ministry of Agriculture and Rural Development has started an inquiry into the reasons behind the refusal of the General Directorate of Agricultural Concession (GCA) to pay amount overdue of 50 contractors, including an Italian company, which conducted a series of projects for the benefit of GCA estimated at tens of billions....
Investigation on the case of the 30 acres granted to the group La Belle
Algiers- The preliminary investigation conducted by the security services in the case of the granting of agricultural land and its transfer to the group "La Belle" in the municipality of Ouled Moussa, province of Boumerdès, showed a lot of passing . The officials concerned did not meet the classification of agricultural land, cooperatives, converted into land for the construction of a national market for the sale of food products. ...
France: seizure of EUR 3 million of phone articles for Algeria
PARIS, October 29, 2010 - The French customs seized 133,000 counterfeit telephone, an estimated total of over 3.3 million euros from China and destined for Algeria, said Friday Customs Directorate in Paris. ...
Aigle Azur opens first European flight to Baghdad
The French airline Aigle Azur opens on Saturday first direct flight since 2008 of a European carrier to Baghdad, hoping to help the revival of Franco-Iraqi economy. ...
Trade surplus rose to 12 billion dollars from January to September
ALGIERS, October 26, 2010 - Algeria has recorded a trade surplus of 12.039 billion (billion) dollars in the first nine months of 2010, against $ 432 million during the same period in 2009, said Tuesday the Algerian customs. ...
Corruption: 2010 World Ranking by Transparency International
Here are the countries rated in 2010 International classification of levels of perceived corruption, prepared by the nongovernmental organization Transparency International, published Tuesday in Berlin. ...
measures to protect Sonatrach executives
Algiers- Minister of Energy and Mines, Youcef Yousfi, has revealed new measures to be taken by his department to protect executives against lawsuits unfairly implicated in corruption cases, in addition to other measures for internal control of Sonatrach group....
European cereals market: wheat rises, corn down at midday
wheat price was driven up while corn shriveled Friday at midday on the European futures market (Euronext) a bit active. ...
Algeria: strong growth in non-oil of 9.3% in 2009
ALGIERS, Algeria-recorded in 2009 a non-oil economic growth of 9.3%, despite lower oil revenues, said Wednesday the governor of the Bank of Algeria Mohamed Laksaci ...
East-West highway: Cancellation of 12 gas stations
Algiers- NAFTAL society, group Sonatrach, has cancelled all bids previously announced, on the completion of 12 service stations along the East-West highway, on the territories of several provinces which were to be operational in March 2011. ...
The sale of sheep will be held one week before Eid al-Adha
The General Secretariat of the National Farmers Union banned all farmers and traders the sale of sheep before the last week of Eid al-Adha, in order to fight against all forms of speculation. ...
Algeria-Italy summit dismissed because of Berlusconi's convalescence
A summit between Algeria and Italy scheduled for Tuesday and Wednesday in Algiers has been postponed due to recovery of Silvio Berlusconi, who had made a week ago operated for a tendinitis in his left hand, Italian government officials said Monday....
International meeting of central bankers on Monday in Shanghai
WASHINGTON - The International Monetary Fund on Friday announced the holding of an international meeting of central bankers on Monday in Shanghai at the invitation of the Central Bank of China, as part of efforts to ensure the stability of the global financial system....
Fed chief Ben Bernanke has had more impact on prices as OPEC in a decade
The dollar's decline puts oil producers face a dilemma: they see their earnings erode, but rising oil prices, desired by several OPEC members, is hypothetical and could threaten world economic recovery, analysts warn. ...
OPEC production quotas unevenly respected
Members of the Organization of Petroleum Exporting Countries (OPEC), which should decide on Thursday in Vienna to maintain production at current levels, meet their quotas unevenly, according to data from the International Atomic Energy Agency (IEA). ...
Seven cooperation agreements signed between Algeria and Kuwait
ALGIERS - Seven cooperation agreements between Algeria and Kuwait were signed Tuesday during a two-day visit of the Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in Algeria, official sources said. ...
Misappropriation of 6 million euros at ArcelorMittal
Annaba (Algeria), October 11, 2010 - The interim CEO of two mines in eastern Algeria steel ArcelorMittal Tebessa was heard Monday by the Regional Justice in a case of misuse of 6 million euros said a judicial source. ...
Immigrants in France carry out development projects in their countries of origin
From cheese production in the mountains of Algeria to school canteen in Burkina Faso, the first phase of a program to support development projects led by immigrants living in France was launched Monday by the French Minister of Immigration, Eric Besson. ...
Oil: a barrel at 90 or 100 dollars "reasonable"
ALGIERS, October 11, 2010 - Algerian Minister of Energy and Mines Youcef Yousfi said Monday in Algiers that "a barrel price between 90 and 100 dollars was reasonable." ...
Algeria and Russia signed six cooperation agreements
ALGIERS- Algeria and Russia have signed Wednesday in Algiers five memorandums of understanding and cooperation agreement, on the occasion of the official visit of Russian President Dmitri Medvedev to Algeria...
Russian-British TNK-BP interested in BP in Algeria
ALGIERS - The Russian-British oil TNK-BP is interested in buying assets of BP in Algeria, said Wednesday its chief, billionaire Mikhail Fridman, a member of the business delegation accompanying Russian President Dmitry Medvedev on a one-day visit in Algiers. ...
ArcelorMittal: new strike of employees
ALGIERS - employees of Arcelor-Mittal observed Tuesday a new walkout to demand the reopening of negotiations on wage increases, told AFP the general secretary of the company union Smaïn Kouadria. ...
Merger between Russian Group "VimpelCom" and Egypt's Orascom Telecoms
Russian Group Vimpelcom and Orascom Telecom of Egyptian tycoon Nadjib Sawris announced the merger of their operations, thereby forming the fifth largest sector of mobile telephony in the world with not less than 180 million subscribers....
Arcelor-Mittal: strike for salary increases
About 800 employees of the steel company Arcelor-Mittal in Annaba (East) went on strike Monday to demand the reopening of the union’s offices and the resumption of negotiations on salary increases, said a union source. ...
Algeria : $ 150 billion foreign exchange reserves at end-July
ALGIERS- Algeria has $ 150 billion foreign exchange reserves at end-July 2010, an increase of 1.1 billion dollars since December 2009, said Wednesday the chief policies and planning at the Ministry of Finance, Abdelmalek Zoubeidi. ...
Food Security: Meeting the Challenge
ALGIERS- Minister of Agriculture and Rural Development Rachid Banaissa called Wednesday on grain farmers to generalize the use of supplemental irrigation to improve the yield per hectare and move out from dependence over pluviometry, main reason of the fall in outcome last year. ...
Algeria: slight decline in inflation in August to 4.9%
ALGIERS - Algeria's annual inflation was 4.9% in August, slightly down than in July (5.1%) and June (5.4%), despite the traditional price increase during Ramadan announced Saturday the Algerian National Statistics Office (NSO). ...
Trade surplus rose to 11.2 billion USD janvier August 2010
ALGIERS- The trade balance of Algeria has recorded a surplus of 11.223 billion dollars during the first eight months of 2010, against a deficit of $ 376 million during the same period in 2009, said Wednesday the Algerian Customs. ...
French Secretary of State for Foreign Trade in Algiers
ALGIERS- French Secretary of State for Foreign Trade Anne-Marie Idrac, arrived Sunday in Algiers for talks on strengthening Franco-Algerian economic cooperation officials of the French diplomat said....
A bank engineer steals 10 dinars from each employee's salary
Algiers- The court of Cheraga (Algiers) yesterday condemned to two years in prison an engineer at the National Bank of Algeria (NBI) for misappropriation of public funds....
Law on agricultural land, to secure farmers' profession
Algiers- the exploitation of State's agricultural lands will radically change in about eighteen months, with the enforcement of the law n°10-03 of 15 August 2010, published in the Official Journal N°46 and defining the new conditions and methods for their exploitation, said officials of Ministry of Agriculture. ...
OPEC, 12 countries to influence the global supply of crude
The Organization of Petroleum Exporting Countries (OPEC), which is celebrating its fiftieth anniversary, is trying to influence the global supply of crude oil by setting a regular schedule according to target prices it determines, a production ceiling....
Raffarin Special Adviser on Franco-Algerian Economic Relations
Former Prime Minister Jean-Pierre Raffarin was appointed by President Sarkozy on a mission on economic cooperation between France and Algeria and development of investments in both countries, the Elysee said Wednesday....
Vehicles equipped with LPG system exempt from payment of toll
Algiers- vehicles equiped with LPG system, fuel for automobiles, will now be exempt from payment of car toll, in order to encourage the use of this system, after noting the lack of interest on the part of motorists for this kind of fuel....
Djezzy to become a public company shortly
Algiers- The case of purchase of shares in the Algeria Telecom company "Djezzy" will be in the agenda of the Government Council this Saturday, where the Finance Minister, Karim Djoudi will present a detailed report on the friendly market that took place last week between the Department of Fiances and the Office of the finance expert Hadj Ali Mohand Samir...
