Tag: IMETAL
Business Finance

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

North Africa PostComments Off on 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 Features Headlines

Algeria: Technocrats replace political figures in cabinet reshuffle

North Africa PostComments Off on Algeria: Technocrats replace political figures in cabinet reshuffle

The Algerian government has been reshuffled bringing in officials from the parastatal and private sector to replace some prominent political figures. Among the eight replaced minsters are the finance, energy and interior ministers. Abderrahmane Benkhelfa will now serve as Finance Minister. Before his nomination, he was the General Delegate of the Association of Banks and […]