Tag: Annaba

Algeria’s Foreign Reserves Shrink to $112 Bln

March 7, 2017

In a pessimistic tone that bodes ill for Algeria’s economic prospects, Algerian Prime Minister Abdelmalek Sellal announced yet a new slump in the country’s foreign ... Read More

Algeria’s Steel Giant to Be De-Facto Nationalized

November 7, 2013

The Algerian government has been interested in buying additional 21% shares in the Annaba unit of the steel producing company, ArcelorMittal, for 200 million USD. ... Read More

Algeria: Government takes over steel production from ArcelorMittal

October 8, 2013

ArcelorMittal, the world’s largest steelmaker, has entered a partnership deal with the Sider, a state-owned company, to meet the local demand for steel as the ... Read More

Algeria commemorates National Shaheed Day

February 18, 2013

A day before the official commemoration ceremonies begin in the country to mark the National Shaheed (martyr) Day observed on the 18th of February, the ... Read More

Algeria Mulls Building $ 2 bln Condo Towers

September 18, 2012

The Algerian government is planning to build five major tower complexes in the North African country, which is an important oil and gas producer. These ... Read More