ConocoPhilips has announced the sale of its subsidiary in the North African country of Algeria in a deal worth more than a billion dollar. According to the announcement from the company, it has agreed to sell its Algerian business unit for a total of US $1.75 billion plus customary adjustments to Pertamina. The deal involves […]
Tag: Algeria
Eberhard Rhein: “I would rather be happy to see Algeria and Morocco normalize their trade relations.”
Eberhard Rhein is currently senior adviser at the European Policy Center in Brussels. He has devoted most of his life to European and global issues. During the 1980s-1990s, he served successively as chef de cabinet to the Commission vice-president in charge of external relations and director responsible for the Mediterranean and Arab world. Lately, he […]
Libya Closes borders as War Clouds Gather in Mali
The newly formed Libyan government has ordered the temporary closure of the country’s borders with four of its neighbors and declared the southern region a restricted military zone. The land borders with Chad, Niger, Sudan and Algeria were shut in a bid to better control and fight “illegal immigration and illicit activities such as arms […]
Algeria Gets € 45 Mln Financial Support from EU
The European Commission has approved two new cooperation programs worth € 45 million destined to help Algeria modernize its public administration and diversify its economy. The first program worth 15 million Euros will support the efforts made by the Algerian authorities for the diversification of their economy which remains heavily dependent on oil and gas […]
Algeria: Oran’s film festival unites Arabs
The 6th edition of the Arab Film Festival in Oran (FOFA) is going on in Algeria and the minister of culture Khalida Toumi was the chief guest of honor at the opening ceremony. In the opening remarks, the minister who was represented by Rabah Hamdi said that the Arab Film Festival in Oran represents a […]
Technological investments seen by US Algerians
Algerians in the United States of America have expressed their strong desire to participate towards nation building and development by their willingness to create industrial and investment in productive activities in Algeria, especially in technology and renewable energy. A delegation of 20 Algerian businessmen in the USA was engaged in discussions with national authorities towards […]
Mauritania: Francophone Literature Festival nears end
The Islamic Republic of Mauritania has been playing host to the 3rd edition of the Francophone Literature Festival which will come to an end this weekend. The festival begun since the 9th of December and has been famous for uniting francophone literature under one umbrella for almost a week. This year’s edition was graced by […]
Algeria: Theatre Being Boosted At Amazighe Festival
The 4th edition of the national cultural festival of Amazighe Theater opened on Monday night at regional theater of Batna in a friendly atmosphere enhanced by the rousing sounds of local folk groups. The opening ceremony of the annual event was attended by a large crowd and important dignitaries amongst which were members of the […]
Algeria: Towards Developing Tourism Industry
Algeria is boosting its tourism with a plan to build 13 new hotels with a total capacity of 1037 beds in 2012 with an estimated cost of more than 918 million dinars which will be provided by the private developers according to the Director of Tourism and artisanal of the wilaya of Tlemcen, Bachir Mourad. […]
Libya: promoting olive production
Libya is now focusing on olive to compete with its neighbors in the region in a move to diversify its economy which depends on oil. The country is the 12th largest olive oil producer in the world, accounting for 0.25% of the global production, according to the United Nations Food and Agriculture Organization (FAO). Speaking […]








