First Independent Mena Newspaper
Discussions were held in Algeria by the international monetary fund mission. These discussions gathered the minister of Finance, the minister of agriculture and rural development, the minister of labor, employment and social security and the Governor of the Bank of Algeria. All of them reflected on short and medium term economic policies and the influence […]
Secrertary General of the main Algerian trade union, l’Union Générale des Travailleurs Algériens or General Union of Algerian Workers, has called on authorities to encourage the consumption of Algeria-made products to reduce the country’s imports bill that stands at some of $ 60 billion. The UGTA Secretary General, Abdelmajid Sidi Said, argued in remarks to […]
U.S. Secretary of State Hillary Clinton started this Monday a visit to Algeria for talks with Algerian officials on the situation in northern Mali, a vast desert area that has been seized by Islamist militant groups following a military coup in the African country last March. Mrs Clinton will join her voice to France’s to […]
Algeria is planning to enforce a new law on the use of additives in various food products by May 2013 to enhance the protection of consumers’ health. Minister of Trade Mustapha Benbada who made the announcement on Tuesday in Algiers said the legislative tools governing the sector date back to 1992 and no longer meet […]
The Algerian Prime Minister Abdelmalek Sellal has recognized before the Parliament that the country’s economy was facing many problems that hamper investments, wealth generating and jobs creation. The Prime minister who was presenting to the Parliament the government’s action plan earlier this week said one of the major problems facing the economy, which depends mostly […]
In the wake of the Islamic insurgency that rippled Algeria for a decade, authorities set themselves to reconstruct the country, rehabilitate infrastructures and construct thousands of new homes to meet the growing demand. Soon, Algeria was transformed in a large open construction site but this building spree brought new comers to the North African country: […]
Algeria is expected to invest US$71 billion in the energy sector over the five coming years, becoming thus the third largest investor in the sector in the MENA (Middle East and North Africa) region. According to a report released earlier this week by the Arab Petroleum Investments Corporation (APICORP), with its USD 71 billion worth […]
Algeria’s finance Minister, Karim Djoudi, has precised that the country will not be buying shares in foreign companies overseas to increase its foreign exchange reserves. He firmly said that “this choice is not part of our policy of foreign exchange reserve management,” reiterating its strategic choice to invest in government bonds, although with modest yield […]
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 major residential projects, to cost $ 2 billion, are destined to reduce and mitigate housing shortage exacerbated due to galloping population growth and a steady flow of urban migration. The […]