ALGIERS-Minister of Tourism and Craft Industry Hecene Mermouri on Wednesday called on players in the craft industry to make joint efforts to improve the quality of handicraft products and "contribute to the diversification of the resources of the national economy in the light of the country's financial situation."
WASHINGTON- Algeria’s economic growth started off well in 2017 despite the drop in global oil prices, driven mainly by a high hydrocarbon production, said the World Bank on Wednesday.
WASHINGTON- Algeria will get closer to the budget balance as from 2019, said the International Monetary Fund, anticipating a fall in the deficit of the overall fiscal balance to -0.5% in 2019 and 0.1% in 2020.
ALGIERS- A total of 325 multipurpose and all-terrain Mercedes-Benz G-Class and Sprinter vehicles, made by the Algerian company for vehicle manufacturing SPA SAFAV in Bouchakif, Tiaret (340-km southwest of Algiers), have been delivered Wednesday to the ministry of National Defence and some national bodies, the ministry said in a statement.

Algeria's GDP growth hits 1.5% in Q2 2017

Wednesday, 11 October 2017 13:54
ALGIERS- Algeria's GDP (gross domestic product) hit 1.5% in the second quarter of 2017 compared to the same period in 2016, the National statistics Office (ONS) told APS on Wednesday.
ALGIERS-The works of the annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will take place on 12-16 October in Washington, and will be attended by Finance Minister Abderrahmane Raouia, the ministry announced Wednesday in a communiqué.
ALGIERS- Algerian businessmen will head for Russia soon to continue discussions with Russian companies on cooperation and partnership opportunities, announced Tuesday in Algiers Prime Minister Ahmed Ouyahia.
ALGIERS- Prime Minister Ahmed Ouyahia and his Russian counterpart Dmitry Medvedev underlined Tuesday, in Algiers, their commitment to continuing efforts to restabilize oil market, notably the implementation of Vienna Agreement on reducing production.
ALGIERS- The law on money and credit was adopted Tuesday by the majority by the members of the Council of the Nation.
ALGIERS- Algeria and Russia have signed, Tuesday in Algiers, 5 partnership and cooperation agreements and memorandums of understanding in the sectors of justice, health, vocational training, hydrocarbons and civil nuclear energy.