First Independent Mena Newspaper
State-owned Société de Gestion des Participations Industries Manufacturières (SGP-IM) has concluded an agreement with Taypa Tekstil Giyim, a Turkish company, to construct a multi-million dollar textile-clothing industry center in Algeria. The partnership is a part of the government’s efforts to promote joint public-private venture in the country and to attract foreign investment. The North African […]
Energy and Mining Minister Youcef Yousfi has said that the government will be dedicating more than $1,264 billion to its renewable energies program by 2030. The billion dollar investment is aimed at deriving more than 30% of the country’s energy consumption from renewable energies and to overcome the power outages which occur mostly during summer. […]
State-owned Sonatrach and Anadarko Petroleum Corporation have finally started production at the El Merk oil complex located in the Sahara desert of Algerian territory. The beginning of production at the $4,5 billion is a sign of relieve for the country’s hydrocarbon sector which was marred by a brutal hostage scenario at the beginning of the […]
The health of Algerian President Abdelaziz Bouteflika who suffered a stroke and was flown to Paris on Saturday for further medical check-ups has raised speculations as to the political future of the country which seems in limbo. The health condition of President Bouteflika who was expected to run for the presidential elections scheduled in about […]
An Algerian delegation headed by the Minister of Industry, SME and Investment Promotion Cherif Rahmani has met with members of the Confindustria, the Italian employers’ association, to discuss investments opportunities offered by Algiers. During the meeting in Rome, Algeria presented the privileges offered to foreign investors, the government’s plan to develop renewable energy and the […]
Algeria and Spain have taking their bilateral relations and cooperation to another level after the signing ceremony of several industrial partnership agreements in various sectors. The ceremony was witnessed by ministers from both governments with Cherif Rahmani, Algeria’s minister of Industry, Small and Medium-sized Enterprises and Investment Promotion, and Spain’s Minister of Industry, Energy and […]
The Chief Executive Officer and owner of Cevital, Issad Rebrab has said that the company is expecting to increase its white sugar exportations by 20% this year. To reach its goal, it will be boosting its sugar refining capacity from 750,000 tons to 2,75 million tons. The company has always set its eyes on exporting […]
Another discovery has been made by Repsol, a Spanish petroleum company. It discovered gas in Algeria around an area not far from the In Amenas plant which was attacked by terrorists in the beginning of the year. Even though the Spanish company is yet to release an official statement to give details about its finding, […]
A statement from the Algerian ministry of Trade has stated that the 11th formal meeting of multilateral negotiations for the country’s return to the World Trade Organization (WTO) will take place this Friday. Trade minister Mustapha Benbada will be representing Algeria. He will be backed by a delegation of trade experts and negotiators in order […]
Algerian imams have been authorized to set up their own trade union that will stand as the advocate and protector of the Sunni Islam practiced in Algeria and as a bulwark against other religious trends, mainly salafism. The mission entrusted to the union mainly consists in defending the material and moral rights of imams and […]