First Independent Mena Newspaper
Italy’s defense ministry and defense industry giant Leonardo-Finmeccanica signed this week an agreement to set up a military helicopters manufacturing plant near Setif in eastern Algeria. The factory will produce multipurpose light and medium Augusta West Helicopters that are used for transport, evacuation operations and surveillance, the Italian defense ministry said in a statement. The […]
Algeria is reinforcing its land forces with the acquisition of 67 T-90 tanks from its traditional arms supplier, Russia, a purchase that many observers see as a response to the Moroccan order of 200 US Abrams tanks. Part of a 200 T-90 order concluded in 2014, the delivery of the 67 tanks took place in […]
The United Nations is preparing a formal proposal to reinvigorate talks on settling the decades-old regional conflict over the Saharan provinces, Farhan Haq, Deputy Spokesman for Secretary-General Ban Ki-Moon said. The spokesperson said in a briefing that the UN Secretary General’s Personal Envoy for the Sahara Christopher Ross made a formal proposal to the parties […]
In its latest travel advice update, France warned its citizens from visiting Algeria due to security threats, while listing Morocco as the sole safe country for French tourists in north Africa. The French Foreign Ministry published a map on its website showing Algeria in red color that indicates strong warning to French tourists against visiting […]
The head of In Salah Gas announced Saturday a cut by 40 per cent in the number of foreign workers by the end of the year as a measure to shore up collapse of oil price and to reduce costs, reports say. In Salah Gas is a joint venture between national Sonatrach, British Petrolium (BP) […]
French utility company, Engie SA, wants to sell its gas exploration units in Algeria as part of a larger plan to offer its assets in Africa and Europe in a bid to reduce its exposure to volatile oil and gas prices, Bloomberg reported. “The company is planning to sell its upstream operations globally including businesses […]
An Algiers criminal court Monday handed the head of the private KBC TV channel, his production manager and an official of the ministry of culture suspended prison terms in the affair related to the recording of TV programs in alleged outlawed studios. Mehdi Benaïssa, head of critical KBC TV and his production manager, Ryad Hartouf […]
The fall in oil prices has taken a toll on Algeria’s foreign exchange reserves, which are expected to decline to $116 billion, Algria’s Prime Minister Abdelmalek Sellal said. At a context of a long-term slump in oil prices, the Algerian government is planning further cuts to curb spending over the next few years after the […]
Algeria’s gas production and export capacity is facing dim prospects with estimates the North African country to be a net gas importer of Liquefied Natural Gas (LNG) in two decades, warned the former Algerian energy minister Nordine Ait-Laoussine. Ait-Laoussine, who was speaking to Interfax Natural Gas Daily, said that politics and bureaucracy are contributing to […]
An Algerian administrative court on Wednesday upheld its last month provisional ruling cancelling the multimillion dollar takeover of the private El Khabar media group by Ness-Prod, a subsidiary of agribusiness group Cevital owned by billionaire Issad Rebrab. The court ruled that the agreement reached between the two parties is null and that El Khabar’s newspaper […]