Government

July 23, 2016

1

Algeria enjoys stability thanks to President Bouteflika's national recovery policy

Algeria today enjoys security and stability thanks to the implementation of national recovery policy initiated by President of the Republic Abdelaziz Bouteflika, said Thursday in Algiers Speaker of the People's National Assembly (APN-Lower House), Mohamed Larbi Ould Khelifa.


In a statement at the closing of Parliament’s spring session, Ould Khelifa said that this"...

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July 21, 2016

2

Algeria’s final wheat purchase at 520,000 tonnes

Algeria's state buyer OAIC bought 520,000 tonnes of optional milling wheat in a tender last week, mainly for October shipment, more than initially reported by traders.

Traders narrowed the price paid by OAIC to around $198 a tonne, including cost and freight, from a range of $195-$199 reported last week.


The grains would mostly be sourced from northern Europe"...

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July 21, 2016

3

Developing growth-generating tourism sector recommended

The development of tourism and craft industry to be a catalyst of economic diversification, territory growth and investment promotion have been recommended by officials in charge of tourism meeting on July 18-19 in Algiers.


During a workshop on the " tourism development," participants examined the mechanisms to be set up to facilitate access to land bases and boost"...

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July 21, 2016

4

Pre-emptive right maintained, reinforced by new investment bill

The Ministry of Industry and Mines on Wednesday reaffirmed that the right to preemption is maintained and reinforced by the new bill on investment promotion, recently adopted by the Parliament.


Following a series of media articles and in a bid to clarify things, “the Ministry of Industry and Mines reaffirms that the right to preemption is explicitly mentioned in the new bill on investment promotion, recently adopted by the People’s National Assembly and the Council of the Nation," said this ministry in a communiqué.


"......

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July 20, 2016

5

Craft industry plans creation of 2.5 million jobs by 2030

The deputy minister at the minister of National Planning, Tourism and Craft Industry in charge of Craft industry, Aicha Tagabou, said Monday that the sector plans to create 2.5 million jobs and 830.000 activities and achieve 860 billion dinars in GDP by 2030.


In an address at a national meeting bringing together tourism executives, the minister stressed the need to"...

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July 20, 2016

6

Belaib, US senior official examine economic cooperation

Minister of Trade Bakhti Belaïb met, Tuesday in Kenya's Nairobi, US Department of State Principal Deputy Assistant Secretary for Economic and Business Affairs Kurt Tong, said the Trade Ministry in a communiqué.


The discussions, held on the sidelines of the 14th session of the United Nations Conference for Trade and Development (UNCTAD), focused mainly on"...

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July 20, 2016

7

Ali Haddad Asked Government To Ease Taxation For Businessmen

FHE deposited 12 files containing 12 applications to ease taxation for businessmen in the Finance Act 2017, Chairman of the Forum of Heads of Enterprises, Ali Haddad, said.

"Whenever the taxation is eased on businessmen and investors, the production will be doubled, profitability will increase and Algeria will achieve the industrial development".


In response to Echorouk"...

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July 19, 2016

8

Algeria approves new investment law to spur economic growth

Parliamentarians in Algeria have passed a new investment law to spur economic growth in the country.


The country’s parliament approved the law on Sunday, in the hope that it will eventually improve the business climate especially at a time that Algeria has been hit by low crude prices.


“We want to put in place stable, transparent and coherent legislation to ensure efficiency on the ground,” Industry Minister Abdesselam Bouchouareb told parliament.


"......

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July 19, 2016

9

Algeria's Oran Arab Film Film Festival promises a major line-up

The ninth annual Oran Arab Film Film Festival in Algeria will run between 20 and 27 July, screening a variety of films, feature, shorts and documentaries from filmmakers representing 17 Arab countries.


The organisers said that 34 films will compete for the main award.


Several renowned cinema figures from Syria, Lebanon and Egypt will be present at the festival.


"......

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July 19, 2016

10

Prices of public industrial production up 5.4% in 1st quarter

The prices of the non hydrocarbon public industrial production increase by 5.4% in the first quarter of 2016 in comparison with the same period 2015, the National Statistics Office (ONS) told APS.


The increase is explained by an important hike of producing prices of the mining and quarrying sector (+34.3%) and those of energy products (+9%).


"...

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