LONDON- The economic outlook remains "positive" for Algeria despite the challenges caused notably by the decline in State revenues due to the fall in oil prices since 2014, affirmed British Group Oxford Business Group (OBG).
ALGIERS- Energy Minister Mustapha Guitouni reiterated, Thursday in Algiers, public authorities' commitment to maintaining the 51/49 rule governing foreign investments in Algeria, adding that this rule would not be reconsidered while drafting the bill on hydrocarbons.
ALGIERS- The Iranian ambassador to Algiers Reda Amiri expressed Thursday, in Algiers, during a meeting with the minister of Industry and Mining Youcef Yousfi, his country’s wish to buy Algerian phosphate, said the ministry of Industry and Mining in a communiqué.

Guitouni on visit to Baghdad on 7-8 January

Thursday, 04 January 2018 16:47
ALGIERS- The minister of Energy Mustapha Guitouni will pay Sunday and Monday, a working visit to Baghdad, at the invitation of the Iraqi minister of Oil Jabbar Ali al-Luaibi said Thursday, the ministry in a communiqué.
ALGIERS- The Government's policy for public expenditure rationalization is "a national commitment," said Thursday Prime Minister Ahmed Ouyahia, stressing the need that everyone adapts to its requirements.
ALGIERS-President of the Business Leaders Forum (FCE) Ali Haddad on Wednesday affirmed that the Charter on Public-Private Partnership (PPP), signed recently between the Government, the General Union of Algerian Workers (UGTA) and Employer’s organizations, “does not provide for the privatization of public companies” but rather aimed to establish “a fruitful” partnership and back the national economy.
ALGIERS –The Charter on Public Private Partnership, signed last December 23rd, by the Government, the General Union of the Algerian Workers (UGTA-Central Union) and the Employers constitutes "the culmination of the understanding of the consensus and the adherence to the President’s vision aiming at reinvigorating the national economic approach," said General Secretary of the UGTA Abdelmadjid Sidi Saïd.
ALGIERS- The majority of industrial companies of the public sector used the production capacity to more than 75% in the 3rd quarter of 2017, according to an investigation conducted by the National Statistics Office (ONS).
ALGIERS- The import bills of milk, sugar and sweets increased between January and November 2017, the Algerian Customs' National Centre of Data Processing and Statistics (CNIS) told APS.

Strict directives to encourage green economy

Tuesday, 02 January 2018 18:46
MEDEA- The minister of Environment and Renewable Energy Fatma Zohra Zerouati said Tuesday, in Medea, that strict directives were given by the government to encourage the emergence of a real green economy.