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Algeria's new govt plans Islamic finance options, more welfare system reforms: document
June 21, 2017Algeria's new government is preparing the legal framework for Islamic finance and new Islamic bonds and will make more changes to its welfare system to offset lower oil prices, according to an official document.
President Abdelaziz Bouteflika, rarely seen in public since a stroke in 2013, last month named a new government led by"...
Algeria’s LafargeHolcim to launch exporting cement to West African countries in 2018
June 19, 2017LafargeHolcim complex of Algeria is planning to launch the first export of cement, in the first trio of 2018, towards the West African countries, which is a promising market in building materials, especially cement, as the import rate is estimated at 21 million tons per year to these countries.
The"...
Donald Trump appoints a new US ambassador in Algeria
June 24, 2017The US President, Donald Trump, has appointed the diplomat, John de Roche, as the extraordinary ambassador of Uncle Sam’s diplomacy “a common national personification of the American government”in Algeria, replacing the Ambassador, Joan Bulacic, after nearly three years of taking office .
In this regard, the Algerian"...
A British company terminates activities in illegal Western Sahara phosphate trade (WSRW)
June 24, 2017The Isle of Man Bulk Transport Company, LT Ugland, has announced that it will end its involvement in phosphate rock trade in the territory of Western Sahara, illegally occupied by Morocco, according Western Sahara Resource Watch (WSRW).
LT Ugland, a UK-based company, has decided to terminate all commercial activities related to phosphate,"...
Okomu Oil Sees Revenue Soar on Naira Devaluation
June 24, 2017One of Nigeria’s leading palm oil manufacturers Okomu Oil has posted a significant growth in revenue, buoyed by the devaluation of the country’s currency, the naira.
The palm oil producer said it recorded a revenue of N14.3 billion in 2016, as against N9.7 billion recorded in 2015. This was disclosed at the company’s"...
Ethiopian Airlines Orders $1.5b Rolls-Royce Engines for New Airbus Fleet
June 24, 2017Ethiopian Airlines has ordered 10 Rolls-Royce Trent XWB engines to power the 10 additional Airbus A350-900 aircraft it recently ordered to further develop its fast expanding long-haul route network.
The Rolls-Royce Trent XWB is a British series of turbofan jet engines developed from the Rolls-Royce Trent 1000.
Presently"...
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Algeria: Oran’s new gas power plant boosts production capacity... June 14, 2017
The new gas turbine power plant of Boutlelis region, with an overall capacity of 446 MW, will boost the electricity generation capacity in the province of Oran (west Algeria)"...
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Algeria welcomes African migrants and offers job opportunities... June 21, 2017
Algeria’s Interior and Local Assemblies Minister, Noureddine Bedoui, announced on Monday that his government welcomes African migrants and has no objection if they"...
