ALGIERS- The ratification of the charter on public-private partnership gave national economy a “new perspective” that will allow it to progress on economic issues and social dialogue, while preserving employment and creating others said Friday, in Algiers, the Secretary General of the General Union of Algerian Workers (UGTA) Abdelmadjid Sidi Saïd.
ALGIERS- Oil tax revenues went up by nearly 21 percent between January and late August 2017, while Treasury deficit dropped by nearly 41%, compared to the same period in 2016, according to figures provided by the Ministry of Finance.

Bank credits to economy to exceed 10% in 2017

Thursday, 28 December 2017 13:02
ALGIERS- Bank credits granted to the economy are expected to grow by more than 10% in 2017 after a 7% growth in the first half, said the head of the Association of Banks and Financial Institutions (ABEF) Boualem Djebbar.
ALGIERS- Islamic High Council said Wednesday that banking operations are "usurious interest-free" and this banking system "conforms to the precepts of Islamic law."

President Bouteflika signs Finance Act 2018

Wednesday, 27 December 2017 16:48
ALGIERS- President of the Republic Abdelaziz Bouteflika signed, Wednesday in Algiers, the Finance Act 2018.
ALGIERS- The Council of Ministers on Wednesday has approved three presidential decrees on the exploration and exploitation of hydrocarbons during a meeting, chaired by President of the Republic Abdelaziz Bouteflika.

ANAM awards 12 mining claims worth DZD250 million

Wednesday, 27 December 2017 16:55
ALGIERS- The National Agency of Mining Activities (ANAM) on Wednesday has awarded twelve mining claims worth DZD249.4 million out of 24 mining sites put up for tender.
ALGERIA-Algeria’s agricultural production covers 70% of food needs and the challenge now consists in targeting strategic fields to meet the needs for staple foods, reduce imports and revive exports, announced the Secretary General of at the Ministry of Agriculture, Rural Development and Fishing Belkacem Chadi.
ALGIERS-Micro-credits worth more than DZD 1000 billon have been granted by public banks to micro-enterprises since the setting up of employment support mechanisms until September 2017, announced Tuesday Minister of Labour, Employment and Social Security Mourad Zemali.
ALGIERS-The digging works of a railway tunnel under the ring road linking Dair el Beida to Ben Aknoun will be soon launched at the slip road of the airport of Algiers, announced Tuesday the Public Works and Transport Ministry in a communiqué.