Economy
Auto Market: New attractive discounts on new vehicle
• Peugeot : discounts of 10 and 15 million centimes
• SOVAC breaks the price with a discount of 30 million centimes
• Citroën : choose a car within your means
• Mercedes: Win a car by buying one
Gas Prices: arbitration in favor of Sonatrach cons Gas Natural
The Court of Arbitration in Paris ruled in favor of the Algerian Sonatrach in conflict since 2007 with the Spanish Gas Natural on the prices of gas delivered to Spain, according to a statement from the Spanish group. ...
Algérie/2009: growth rate of 9.3% outside oil
The Algiers-oil economic growth outside of Algeria in 2009 reached 9.3% against 6.1% in 2008, foreign exchange reserves amounting to 147.2 billion U.S. dollars at the end of the year according to Finance Minister Karim Djoudi. ...
Nedjma" achieves excellent results on the Algerian market
The results achieved by the mobile operator Watanya, who manages the network "Nedjma" shows that this operator has managed to raise its number of subscribers to more than eight million by the end of June, with a growth rate of 6.38% compared to 2009. ...
Dubai: Eleven Asian workers killed in fire
DUBAI - Eleven Asian workers were killed Tuesday in Dubai in a fire while sleeping in their factory, police said Wednesday. ...
LFC 2010 confirms and expands the orientations of that of 2009, says Labour Party
The Supplementary Budget Law (LFC) 2010 just "confirms and extends "the orientation of the LFC 2009 designed to "restore" the missions of the state economically and control and boosting of the national economy...
Car Market: 20% discount during Ramadan
Algiers- according to officials of the Algerian association of auto dealers, the majority of dealers in Algeria and members of the association, will conduct attractive discounts on car prices during the holy month of Ramadan...
UGCA: no increase in prices of widely consumed products during Ramadan
Algiers- Secretary General of General Union of Algerian Traders and Artisans (UGCAA) Salah Souilah ruled out Saturday in Algiers any increase in Wide-consumption products prices during the month of Ramadan. ...
BP has spent $ 3.12 billion for the oil spill
LONDON - British oil giant BP announced Monday it had already spent $ 3.12 billion to repair damage caused by the oil spill in the Gulf of Mexico, following the explosion of one of its platforms in late April. ...
Jijel: Djendjen port to be connected to the east-west Highway
The port of Djendjen in the province of Jijel will be connected to the east-west throught a penetrating highway of 100 km. The National Motorway Agency (ANA) has began, a few days ago, the steps to hire a consulting firm specializing in highway studies to undertake detailed studies of the future highway....
Algeria wishes partnerships with Russian companies
ALGIERS - Algeria wants Russian companies to participate in partnership projects under its public investment program of 286 billion dollars elaborated for 2010-2014, said on Wednesday the Minister of Finance Karim Djoudi....
The Germans want the Deutschmark back
BERLIN - A majority of Germans (51.4%) wants the return of the deutsche mark eight years after the entry into circulation of the euro as its currency, according to an Ipsos poll published Tuesday. ...
Investigation on SONATRACH bank accounts in 21 countries
Algiers- According to reliable sources, the General Inspectorate of Finance would begin shortly a series of thorough investigations into bank accounts abroad of the national oil company "Sonatrach". Investigations which will be conducted about two months after the installation of the new director of the company in replacement of its CIO Mohamed Meziane....
World economy threatened by a risk of "relapse" in crisis
BASEL (Switzerland) - The Bank for International Settlements (BIS) warned Monday of risks of "relapse" of the global economy into crisis if governments did not put an early end to their plans and support situational monetary benefit....
Algeria: ArcelorMittal paralyzed by a strike in Annaba
ALGIERS - The steel complex ArcelorMittal Annaba in eastern Algeria, was paralyzed on Monday by an indefinite strike launched by the company union for wage claims, according to a management representative. ...
The planned strike at ArcelorMittal considered "illegal"
ALGIERS-The direction of the steel complex ArcelorMittal in Annaba, eastern Algeria, considered "illegal" the strike announced by the company union for June 21 in a text sent to employees Tuesday. ...
Algeria and Niger sign an agreement on public works
ALGIERS - Algeria and Niger signed in Algiers on Monday a Memorandum of Understanding in the field of public works to promote partnerships between industry, laboratories and research departments of both countries," said APS....
Official opening of the 43rd International Fair of Algiers
ALGIERS - The 43rd edition of the Algiers International Fair (FIA) opened on Wednesday its doors with the participation of more than 1,200 companies including 835 foreign, according to Safex, the organizer of this meeting....
Algeria: $10 million in food aid to six African countries
ALGIERS - Algeria has provided food assistance of 15,000 tons of rice worth $ 10 million to six African countries heavily affected by drought, said on Wednesday the Minister Delegate for Maghreb and African Affairs Abdelkader Messahel. ...
The euro fell to a lowest level in four years against the dollar
LONDON (United Kingdom) - The euro fell Tuesday to 1.2115 dollars around 8:50 am GMT, its lowest level in more than four years against the dollar, penalized by renewed concerns about economic recovery in euro area. Ennaharonline/ M. O.
Asia: crude rose thanks to weak dollar
SINGAPORE - Oil prices were trending upward Monday in electronic trading in Asia, investors taking advantage of an ebb in the dollar against the euro, dealers said....
Orascom has not shown a willingness to sell Djezzy to the Algerian State
ALGIERS - The Egyptian group Orascom has not yet shown a willingness to sell its mobile subsidiary Orascom Telecom Algeria (OTA) to the Algerian state, said Tuesday in Algiers, the Algerian Finance Minister Karim Djoudi. ...
Sidi Said, "and I kept my promise"
In response to a question from Ennahar daily on the union's position on wage increases in the public function decided by the Government, the Secretary General of General Union of Algerian Workers (UGTA) said that the Union which he represents, has kept all the promises made to workers. ...
The euro at its lowest level since October 2008
TOKYO - The euro fell to its lowest level against the dollar since October 2008, at 1.2333 dollars on Monday shortly after 00:00 GMT, due to lingering concerns about the debt of countries in the euro area....
The conclusion of the Doha Round "a vital need," according to WTO
MANAMA - Director General of the World Trade Organization (WTO), Pascal Lamy, said Sunday that the conclusion of the Doha Round was "a vital need" in this time of global financial crisis. ...
New wave of panic on stock markets in Europe, the euro tumbles
NEW YORK - A new wave of panic blew Friday on financial markets, affecting in particular the euro and European stocks, persistent concerns about economic and fiscal health of the euro area have been made because of appeasement by the mega EU plan. ...
The IMF pays $ 1.13 billion loan to Pakistan
WASHINGTON - The International Monetary Fund (IMF) announced Friday the payment of a fifth installment of its loan to Pakistan, totaling $ 1.13 billion. ...
Gold reached a new historic record at 1235 dollars an ounce
HONG KONG - gold price reached a new record Wednesday at 1235 dollars an ounce at 4:50 am GMT in Hong Kong, boosted by a surge of new concerns on the eurozone, which encourages investors to buy safe-haven assets....
Greece calls for EU-IMF first payment of 20 billion Euros
ATHENS - The Greek government on Tuesday will ask the EU and the International Monetary Fund an initial payment of 20 billion euros in aid promised plan for saving the country from bankruptcy, said a finance ministry source. ...
Oil in the Arab countries will dominate the market for long
DOHA - With more than half the proven oil reserves in the world, Arab countries will remain for decades the main energy supplier of the world, experts said Monday in Doha. ...
Euro zone agreed on a plan of more than 500 billion euros
BRUSSELS - EU finance ministers have agreed on the night from Sunday to Monday on a support mechanism for countries in the euro area which would be in trouble of "over 500 billion euros", said a diplomatic source. ...
Sarkozy speaks of a "systemic crisis" in the euro area
BRUSSELS - French President Nicolas Sarkozy said Friday that the eurozone was experiencing a "systemic crisis" and that this required a "general mobilization" after a summit of leaders of the euro area in Brussels. ...
Algeria, a strategic partner for the EU
Algiers- The European Union does no more consider Algeria as a developing country but rather a country in economic transition...
European stock markets slump
PARIS - European stock markets continued to loosen in the early Friday morning trading, the markets showing extreme nervousness in the wake of a historic slump recorded in session on Wall Street. ...
The euro since its inception in 1999
BRUSSELS - The main dates of the euro since its birth on 1 January 1999, while the euro fell Wednesday to its lowest level in a year against the dollar, weighed down by fears of contagion from the Greek crisis ...
Noureddine Cherouati, new CEO of Sonatrach
Algiers- Noureddine Cherouati becomes the new CEO of Sonatrach. He has been installed, Monday, May 3, in his post, according to sources close to the national oil company. ...
Wage increase of 20-23%
Algiers- The Minister of Labour and Social Security, Tayeb Louh, revealed yesterday that the rate of increase in salaries, according to the convention and agreements between the various economic and public sectors will varie between 20 and 23%, and will affect Two Million 900,000 workers. ...
ArcelorMittal: sentences reduced on appeal for malfeasance on social funds
ALGIERS - The Court of Appeal of Annaba has reduced the sentences issued in March against former members of the organization responsible for social works of the steel unit of ArcelorMittal, including its president, who was sentenced to two years prison. ...
Private economic sector wages: Final Union-Employers talks before agreements signing
Algiers- The revision of the agreements of the private economic sector, notably the salary increases of employees in the sector, has been the focus Monday of a meeting between officials of the General Union of Algerian Workers (UGTA) and Employers...
