Algeria Headlines

Total Challenges Algeria in International Court of Arbitration

French oil company Total has taken its dispute with Algerian authorities to the International Court of Arbitration, via the International Chamber of Commerce in Geneva. Total contests Algerian state oil & gas producer Sonatrach decision to change profit-sharing terms on oil and gas contracts in the mid-2000s. “We tried as always to find a mutual […]

Algeria Headlines

French Senate Report Accuses Algeria of Turning Blind Eye to Trafficking in Sahel

The French Senate issued recently a report accusing Algeria of complicity over a host of sorts of arms and goods trafficking in the Sahel and Saharan region. The report dubbed, Rethinking Public Development Aid in The Sahel, says Algeria turns a blind eye to arms trafficking originating from Libya and transiting through its territories to […]

Algeria Headlines

Algeria Plans to Open Helicopter Manufacturing Plant

Algeria’s Prime Minister Abdelmalek Sellal announced recently a government plan to establish a helicopter production plant in a joint venture with a foreign partner that he did not name, the Algerian news Agency APS reported. “The National Investment Council (NIC) and the Council of State holdings (CPE) have agreed to create a high-end helicopter manufacturing […]

Algeria Headlines

Algeria Foiled IS Attack on Shopping Mall, Other Ramadan Attacks

El Massa, a government newspaper, reported that security forces have foiled a major terrorist attack on the Park Mall in Setif and other planned attacks during the month of Ramadan. Militants linked to the Islamic State group operating in neighboring Libya planned to carry out the attack on the mall, which attracts about 40,000 shoppers […]

Algeria Headlines

Algeria: Offshore Media Threatened with Shutdown

Algerian Minister of Communication Tuesday sent a last warning to offshore media broadcasting on the Algerian territory to abide by country’s communication regulation or see their programs shut down, reports say. Out of 45 overseas television channels broadcasting in Algeria, only four channels namely Ennahar TV, Echorouk TV, El Djazairia TV and Dzair TV are […]

Algeria Headlines Uncategorized

Algeria: Lower house approves Investment bill limiting 49:51 rule

The People’s Assembly, Algeria’s lower house of parliament, adopted the 37 amendments of the bill on the promotion of investment and limited the controversial and strongly criticized 49:51 investment rule to “strategic sectors” only. The amendments were proposed by the committee of economic, development, industry, trade and planning affairs of the Assembly. The minister of […]

Algeria Headlines

Algeria: Police Halt El Watan to Relocate in New Offices

Police forces Friday prevented critical Media El Watan from moving to its news headquarters although it was in possession of official permit, reports say. A police unit stopped the El Watan staff from joining the new location. “Police blocked access to the building and rounded it. They did not give any explanation. They only indicated […]

Algeria Headlines

Algeria: KBC TV Channel Boss Arrested

Head of critical KBC TV channel Mehdi Benaissa has been arrested Thursday along with an official of the ministry of communication few days after appearing in court. Benaissa was summoned last weekend to a military police station in the capital Algiers. He also appeared in court at the instruction of the state prosecutor on Monday […]

Algeria Business Energy

Algeria: $58 billion of Foreign Exchange Reserves Lost in 2 Years

Collapse of oil revenues and sharp increase in importations have caused a huge dent in Algeria’s foreign reserves with figures pointing at $58 billion loss since 2014; year of exceptional growth, the country’s Prime Minister said on Sunday. Prime Minister Abdelmalek Sellal at a tripartite meeting including government, worker’s syndicate and employers, indicated that Algeria […]

Algeria Headlines

Algeria: Bouteflika Sues Le Monde over Panama Papers Scandal

The Algerian President has launched a lawsuit against French Paper le Monde for having published in April on its front page a picture of the Algerian President at the side of world leaders cited in the Panama Paper leaks. President Bouteflika’s lawyers have reportedly demanded €10,000 for compensation for moral prejudice suffered by the Algerian […]