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 […]

Features Headlines Tunisia

Tunisia gets missiles from Algeria

Algeria has supplied Tunisia with weapons in the past as part of a security agreement between them but a source has claimed that the latest supply which took place on Thursday at a crossing point in the border town of Tebessa involved air-to-surface missiles. Although there has been no official statement about the security transactions […]