Latest in Tag: Algeria Highlight

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Latest in Tag: Algeria

Qandil visits Algeria for economic talks

Prime Minister Hesham Qandil arrived yesterday in Algeria for a three-day visit amidst speculative press reports over the visit’s agenda. State-owned Middle East News Agency (MENA) reported the objective of Qandil’s visit to Algeria is to hold talks with the Algerian government over solidifying economic relations and boosting mutual investment. “During his visit to Algeria …

Islam Serour

OCI net income declines in H1, positive indicators of a strong comeback

Orascom for Construction Industries’ (OCI) results showed a net decrease as at 30 June, although they project a positive outlook. This year’s first half results show that the company’s net income dropped by 42.6 percent to EGP 1.3 billion versus EGP 2.2 billion in the first half of 2011. However, this year’s quarter-to-quarter results show …

Islam Serour

Heat wave hits Algeria

Last week Algerians attacked governmental institutions and private corporations who are seen as responsible for power outages plaguing the nation. On Friday, many businesses closed because of the heat, reported El Khabar, an Algerian daily. In a state with over 35 million Muslims and temperatures reported to have reached as high as 50 degrees this …

Daily News Egypt

Algeria’s frosty business climate may thaw

By Christian Lowe and Lamine Chikhi / Reuters ALGIERS: After a three-year campaign against one of its biggest foreign investors chilled Algeria’s business climate, the country is sending out tentative signals that it may be ready for a thaw. A period of aggressive economic nationalism, symbolized by the state’s drive to take control of the …


Orascom asks for arbitration on Algeria dispute

By Shaimaa Fayed / Reuters CAIRO: Orascom Telecom (OTH) said on Thursday it had submitted a formal arbitration notice against the Algerian government, the latest twist in a long and bitter dispute over Orascom’s local mobile phone unit. It follows years of acrimony between the Egyptian group and Algeria, which has hit the local subsidiary …


First president of independent Algeria dies

By Christian Lowe /Reuters ALGIERS: Ahmed Ben Bella, Algeria’s first president after the country became independent from France half a century ago, has died following an illness, state media reported on Wednesday. He was 96 and died at his family home in the Algerian capital, according to the state-run news agency. The son of peasant …


N. Africa countries adopt plan to secure borders

By Ali Shuaib / Reuters TRIPOLI: Nine northern African countries including Libya, Algeria and Egypt agreed on Monday to work together to secure their borders in a move to clamp down on militia clashes and weapons smuggling in the wake of the Arab Spring uprisings. Under the Tripoli Plan, countries will adopt stronger measures including sharing …


Algerian opposition announces new march, despite ban

By AFP ALGIERS: Algerian opposition leaders, emboldened by uprisings in Tunisia and Egypt, on Sunday announced a second protest march in the capital despite a longstanding ban on demonstrations there. The United States and Germany meanwhile called for restraint from the Algerian authorities Sunday, a day after a massive security operation prevented 2,000 protesters from …


Thousands rally to demand Algerian leader quits

ALGIERS: Up to 2,000 demonstrators evaded massed police Saturday to rally in a central Algiers square, calling for President Abdelaziz Bouteflika to go following the overthrow of leaders in Egypt and Tunisia. Ringed by hundreds of riot police, some of whom carried automatic weapons in addition to clubs and shields, they waved a large banner …


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