South Africa has called on home defense industry corporates to reduce their dependence on Saudi, Emirati, Algerian and Omani customers as it holds up arm sales to these countries over their refusal for inspection in compliance with contract agreements, reports say. The National Conventional Arms Control Committee (NCACC), a group of ministers and deputy ministers […]
Algeria could be on the verge of reviewing its gas export policy to Europe due to the rising domestic demand. Sonatrach, a state owned company, could be orienting more of its exportations to Asia rather than neighboring Europe where it faces “stiff price competition.” Algeria’s gas production has been on the decline thereby affecting the […]
Algeria has been urged to diversify its economy which is heavily based on revenues generated from oil exports. This remark was made during the periodic assessments of the Algerian economy in the current year which has just a few days to go. The International Monetary Fund (IMF) and World Bank (WB) did show their satisfaction […]
