Economy
Algeria/Mobile: Wataniya has reached 6 million subscribers
ALGIERS - The mobile operator Nedjma, a subsidiary of the Algerian Qatari operator Qtel, for whom former French football star Zinedine Zidane has promoted, now has 6 million subscribers, said Tuesday in Algiers, its director general, Joseph Ged.
Oil / Middle East: Foreign reserves should increase in 2010
DUBAI - The oil exporting countries of the Middle East and North Africa should increase their foreign reserves of over 100 billion dollars in 2010 thanks to improved oil prices, said Sunday the International Monetary fund (IMF) in a report. ...
WB-IMF: African Governors meeting in Istanbul
Istambul (Turkey)- Finance Minister Karim Djoudi, who is taking part in the annual autumn meetings of the World Bank Group and the International Monetary Fund (IMF) in Istanbul, also attended the meeting of African Governors and Robert Zoellick, president of the World Bank (WB). ...
Algeria: automobile market affected by the termination of the credit
ALGIERS - The Algerian market of new cars registered a sales decline of up to 50% depending on the brands and models since the ban in late July of the automobile credit, said a representatives of foreign manufacturers. ...
Norway still rank first in human development
PARIS - Norway is again leading the annual ranking of the Human Development Index (HDI) published on Monday by the United Nations Program for Development (UNDP) of 182 UN member countries. ...
The first Car Carrier arrived at the port of Djendjen in Jijel
Jijel- The Car carrier Aniara bearing Swedish flag landed on Saturday at the port of Djendjen (Jijel) seventy five (75) trucks on behalf of Algerian dealers, according to port sources. ...
Big crowd at Algiers car show 2009
Algiers- A numerous crowd flooded Friday the 13th International Car Fair of Algiers being held at the Exhibition Centre (Algiers). ...
Quality control: First certification delivered
Algiers- The first certification has been delivered Monday by the Algerian Organism of Certification (Algerac) to the Algerian Company of inspection and control of industrial works (GERAL). ...
Bank of Algeria: New rules on banking operations
Algiers- The Bank of Algeria has promulgated a regulation in which it sets new rules on conditions applicable to banking operations. ...
Arcelor Mittal Annaba: No cuts in manpower, but voluntary leaving plans
Annaba (Algeria)- Arcelor Mittal Annaba CEO Vincent Le Gouic has ruled out on Thursday any cuts in manpower, mentioning however "voluntary leaving" plans in certain fields. ...
OPEC meet in Vienna to maintain current output level
Algiers- The Organization of Petroleum Exporting Countries (OPEC), meeting Wednesday in Vienna amid oil prices topping $68 a barrel, should keep current output level as is, according to ministers of member countries and feedback from analysts....
H1N1: the price of the vaccine dose vary from 2.5 to 20 dollars
GENEVA - the price of one dose of vaccine against H1N1 influenza can range from $2.5 to $20 depending on the wealth of the recipient country, according to an official of the World Health Organization (WHO). ...
Since the first modern oil well in 1859, a stormy history
NEW YORK - 150 years ago, the drilling of the first modern oil well launched an industry marked the history of seizures. ...
Algeria: sharp drop in exports in the first half of 2009
ALGIERS- Algeria exported 24.695 billion dollars during the first seven months of 2009, against $ 47.369 billion during the same period of 2008, a decrease of 47.87%, said Sunday the National Centre for Informatics and Statistics (CNIS). ...
France: Increase of “Halal markets” during Ramadan
PARIS - Ramadan, which begins the end of the week, has become in recent years an important event in France for the sale of Halal products in retail, which considers this market as promising, but still sensitive. ...
End of Era for Swiss Banking
Time is running out for wealthy Americans with secret Swiss bank accounts, as they weigh whether they want to turn themselves in to the Internal Revenue Service or gamble that their names are not among the thousands set to be exposed in one of the U.S. government's most aggressive efforts to hunt down international tax cheats....
Emirates / Germany partnership to produce vehicles in Algeria
ABU DHABI- The Public Investment Fund of Abu Dhabi, Aabar Investments, has partnered with five German companies to produce up to 10,000 vehicles per year in Algeria, the press reported Tuesday. ...
160 million Euros for port security
ALGIERS- Algeria has decided to invest 160 million Euros to improve the management and security of its ports, according to the Algerian Transport Minister Amar Tou. ...
Partnership between Africa and G8 to improve access to water
L'Aquila (Italy) - The leaders of G8 countries and African countries invited to the summit of L'Aquila announced Friday the strengthening of their partnership ...
Hunger in the world
L'Aquila (Italy) - Kanayo Nwanze, President of the International Fund for Agricultural Development (IFAD) at the United Nations, has high expectations of the G8 initiative on food safety...
Annaba: Arcelor Mittal workers on strike
ALGIERS- The workers of Arcelor Mittal Annaba, Algerian subsidiary of the giant steel company in the world, go on a general unlimited strike ...
GDF Suez / Sonatrach production in Touat gas field in 2013
GDF Suez and Algerian oil company Sonatrach announced on Tuesday that the production of Touat gas field near Adrar (south west) in Algeria, was scheduled for 2013 ...
USA: Bernard Madoff sentenced to 150 years in prison
NEW YORK- The U.S. financial Bernard Madoff, 71, was sentenced Monday to 150 years in prison by a judge of a court in New York, requested the maximum sentence for his huge embezzlement of tens of billions of dollars that has made countless victims. ...
OPEC, a cash cow!
VIENNA - The Organization of Petroleum Exporting Countries (OPEC) is ...always ready... to provide all the oil that the world economy may need, said Tuesday the cartel's secretary general, Abdullah El Badri at a press conference in Vienna. ...
Algeria: new discovery of oil in the Sahara
ALGIERS - The Algerian oil company Sonatrach announced Monday a new discovery of oil in the Sahara. ...
Algeria: USD 16 billion of oil revenue since January
Algeria exported $ 16 billion of oil during the first five months of 2009, said Wednesday the president of oil and gas group Sonatrach public, Mohamed Meziane. ...
Global crisis: a chance for Africa to attract investors
Africa could benefit from the global economic crisis to attract investors, the region being one of the few in the world that could grow in 2009, but it should be more flexible, say experts....
Market stability requires oil price around US$ 90 a barrel
ALGIERS- the market stability can only be achieved with an oil price around US $90 a barrel, said Saturday Energy and Mines Minister Chakib Khelil, adding that this price is expected to be reached during the second half of 2010. ...
Oil: 65 to 70 dollars a barrel until the end of the year
The price of a barrel of crude oil will change between 65 and 70 dollars until the end of 2009 before rising up in early 2010, said Saturday in Algiers on the Algerian Minister of Energy, Chakib Khelil. ...
Algeria: Foreign importers must involve Algerians
At least 30% of the capital of foreign importing companies based in Algeria should belong to Algerians from 31 December 2009, announced a decree published Wednesday in the Algerian official journal. ...
Algeria seeks partnership with South Korea to diversify its economy
South Korea may become an important partner of Algeria to help realize the diversification of its economy, said Wednesday the Algerian Minister of Foreign Affairs Mourad Medelci, quoted by the Algerian agency APS. ...
Oil remains above 60 dollars in Asia
Oil prices fell but remained above 60 dollars a barrel Monday in electronic trading in Asia, before a meeting this week of members of the Organization of Petroleum Exporting Countries (OPEC). ...
OPEC: price level ...critical... at the next meeting
Ministers of the Organization of Petroleum Exporting Countries (OPEC) will hold strongly to the level of prices set for the production of the cartel at their next meeting on May 28 in Vienna, said Thursday the head of the delegation, Choukri Ghanem. ...
The OPEC lowered its prediction for crude demand in 2009
OPEC has again lowered its forecast for oil demand for 2009, now predicting a decline of 1.8% due to global recession, while holding that substantial risk weighing on prices in its monthly report published Wednesday. ...
Algiers: 5th International Finance Forum
The fifth Finance International Forum (FIF) got underway Tuesday in Algiers with the participation of several experts and officials from economic and financial sectors. ...
Oil: A prolonged recession threatens exporters ME
The economies of oil-exporting countries of the Middle East could suffer a prolonged recession due to falling demand and crude prices, said the International Monetary Fund (IMF) in a report published Sunday in Dubai. ...
Algeria: 143.1 billion dollars of reserves end 2008
Algeria has 143.102 billion dollars of reserves at the end of December 2008, against 110.18 billion at the end of the previous year and 77.781 billion at the end of 2006, said Saturday the Bank of Algeria to the press agency APS. ...
Maghreb countries: Creation of a common economic space
The creation of the Maghreb Employers Union (UME) ''shows the willingness of the economic operators of the Maghreb countries to establish a sound common economic space,'' said Tuesday here Boualem M'rakach, founding member of the UME. ...
Wall Street opens up: Dow Jones 0.33% Nasdaq 0.84%
The New York Stock Exchange opened up Monday, before the publication of two indicators on the real estate market in the United States: the Dow Jones gained 0.33% and the Nasdaq 0.84%. ...
