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Tag: Annaba
Algeria’s Foreign Reserves Shrink to $112 Bln
In a pessimistic tone that bodes ill for Algeria’s economic prospects, Algerian Prime Minister Abdelmalek Sellal announced yet a new slump in the country’s foreign ... Read More
Algeria’s Steel Giant to Be De-Facto Nationalized
The Algerian government has been interested in buying additional 21% shares in the Annaba unit of the steel producing company, ArcelorMittal, for 200 million USD. ... Read More
Algeria: Government takes over steel production from ArcelorMittal
ArcelorMittal, the world’s largest steelmaker, has entered a partnership deal with the Sider, a state-owned company, to meet the local demand for steel as the ... Read More
Algeria commemorates National Shaheed Day
A day before the official commemoration ceremonies begin in the country to mark the National Shaheed (martyr) Day observed on the 18th of February, the ... Read More
Algeria Mulls Building $ 2 bln Condo Towers
The Algerian government is planning to build five major tower complexes in the North African country, which is an important oil and gas producer. These ... Read More