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National reforestation programme: nearly 2 million shrubs planted nationwide
December 30, 2019ALGIERS- Nearly 2 million shrubs of all types have been planted since the launch of the national reforestation programme (PNR), under the theme “A tree for each citizen.” The programme’s objective is planting 43 million trees (October 2019 March 2020), said Head of General Directorate of Forests Ali Mahmoudi on Saturday.
“Almost"...
Algeria ranks Germany’s second arms consumer
December 29, 2019Algeria has been ranked Germany’s second arms consumer with €843 million, followed by Egypt (€651 million). The main buyer is Hungary with an amount amounting to €1.77 billion out of a total volume of €7.95 billion, euronews reported this Saturday.
According to Germany’s ministry of economics, the main"...
Surprisingly good prospects for some East Asian stock markets
January 19, 2020According to analysts from Reuters Polls, Bloomberg and Alpho, the U.S.-Iran tensions easing will lead to growing interest of investors in risky assets in upcoming weeks. Such a progress will result in demand for currencies of Asian emerging markets, mainly Indian rupee (INR) and South Korean won (KRW).
ASML Holding NV is major semiconductor"...
Africa Oil closes acquisition of production assets, deepwater Nigeria
January 18, 2020Africa Oil Corp announces the closing of the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. ('POGBV') in Nigeria.
BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV. The total cash payment by AOI to close the Acquisition, including the Nigerian Government's consent fee, amounts"...
UK aid boosts support for African women entrepreneurs to expand businesses into global markets
January 18, 2020The UK is boosting support to female entrepreneurs in Africa, helping them overcome barriers to starting businesses and connecting them to global markets, announces the International Development Secretary Alok Sharma.
Africa has the highest concentration of female entrepreneurs, accounting for almost a third of all businesses on the"...
Eni wins new license in Namibe basin, offshore Angola
January 18, 2020ANPG, State concessionaire for oil & gas rights in Angola, assigned Block 28 to Eni (as Operator with 60%), as a result of the international competitive Bid Round 2019. This result allows Eni to further consolidate its long term presence in the Country.
Eni, with a 60% share, will be the Operator of the license, located in deep"...
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2019-Housing: closure of AADL1, delivery of property deeds to... December 28, 2019
ALGIERS – The closing of the rental-type housing file (AADL1), the launch of the operation of the handing over of the property deeds to the beneficiaries of the various"...
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