Business Finance

Algeria: State-Owned IMETAL Takes over ArcelorMittal’s Shares in Three Companies

Algerian public company IMETAL specialized in metal work and steel industry took control on Sunday of shares of Indian giant ArcelorMittal in ArcelorMittal Algérie (AMA,) ArcelorMittal Pipes and Tubes Algeria (AMPTA) and ArcelorMittal Tebessa (AMT,) reports say. The deal has been in the pipeline since October last year. The Indian giant controlled 49 per cent […]

Algeria Headlines

Algeria: French ‘Le Monde’ Denied Visa to Cover Valls Visit to Algiers

Algerian authorities have refused to issue entry visas for “Le Monde” journalist to cover French Prime Minister Manuel Valls’ two-day official visit to Algiers in retaliation to the paper’s publication of Algerian President’s photo on its front page beside photos of world leaders named in the Panama Papers leak. “Algerian authorities have refused to issue […]