The World Bank Doing Business 2016 report categorizes Algeria among countries “hostile’’ to investment, placing the country at the 163rd rank out of 189 countries, with Singapore topping the rankings. Despite a myriad of efforts to stimulate economic revival following a plunge of the country’s economy due to the collapse of oil prices, Algeria is […]
The Director General of the Rabat-based Islamic Educational, Scientific and Cultural Organization (ISESCO), Abdulaziz Othman Altwaijri, commended the initiative of King Mohammed VI of Morocco to contribute to the restoration and rehabilitation of a number of facilities in Al-Aqsa Mosque and its vicinity that are in dire need of restoration, preservation and upkeep. The generous […]
Gas and oil giant Sonatrach has signed a Memorandum of Understanding (MoU) with US Exxon to identify exploration opportunity in the North African country and to boost partnership between the two companies. Sonatrach made the announcement Monday on its website arguing that the agreement confirms the renewed dynamism of the Algerian mining sector, as part […]
