Finance & economy

April 17, 2014

1

Economist says Algeria will need its shale gas

Algeria will be forced to exploit its shale gas in the next 10 years, not only to meet the rising annual local demand for energy, but also to cover the total public expenditure and the cost of social transfers and to guarantee the continuation of subsidies on basic commodities, which represent 30% of the total budget.


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April 17, 2014

2

Agreements to be signed soon in prelude to Algeria’s WTO membership

Algeria will sign trade agreements with many countries in a prelude to joining the World Trade Organization (WTO), Minister of Trade Mustapha Benbada announced Tuesday in Mascara (361-km west of Algiers).


The minister added, in a press briefing, held on the sidelines of the second day of his inspection visit to the province, that a trading agreement will be signed with"...

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April 17, 2014

3

Algeria aims to stem youth brain drain with business fund

They fled Algeria to escape the violence ravaging the country in the 1990s, but now more and more young exiled Algerians are returning, lured by better economic prospects linked to government financial enticements.


With unemployment in the oil-rich North African nation hovering at 21.5 percent among under-35s, according to the International Monetary Fund, the government"...

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April 17, 2014

4

Algerians go to the polls to choose president amid economic fears

Algerians go to the polls on Thursday to choose a president, with the elderly and frail incumbent expected to win amid deep uncertainty about how the north African country's grave economic problems will be tackled.


Abdelaziz Bouteflika, a veteran of the generation that won independence from France in 1962, is controversially running for a fourth term – reinforcing"...

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April 17, 2014

5

Algeria's bloody past, energy wealth keep status quo for now

Cramped with his young wife and three infants in a shack in Algiers' Citi Hofra slum, Amin Kerchach could be forgiven for being angry at missing out on Algeria's gas wealth.


But after waiting for years to get a new state-built apartment from President Abdelaziz Bouteflika, his memories of Algeria's bloody past and the promise of state largesse to come are reasons enough to hold out a little longer.


Where"......

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April 16, 2014

6

Consumer Associations: “No scarcity of staple commodities on voting day”

The spokesman of the Algerian traders and artisans, Hadj Tahar Boulenouar, told Echorouk on Tuesday that 43 wholesale markets for vegetables and fruits at the national level would be duly open on Election Day, April 17th, to ensure the regular supply of basic products for the country’s traders and thereby for the consumers.


He indicated that the hovering"...

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April 16, 2014

7

Algerian exporters call for urgent review of exchange control regulations

A review of the exchange control regulations becomes “imperious” to significantly revive the non-hydrocarbons exports volume, said Thursday in Algiers, president of the National Association of Algerian exporters (Anexal), Ali Bey Nasri.


“These regulations, which date from 1990s when Algeria witnessed severe financial difficulties, must be reviewed,” Bey Nasri stressed on the national radio.


Anexal’s"......

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April 16, 2014

8

Slum-dwellers left out in cold in Algeria polls

Shantytown dwellers in Algiers are faced with an economic “mission impossible” over their country’s April 17 presidential election as they struggle to improve their lot in an oil-rich state.


The capital’s wali, or state-appointed provincial governor, has given those who fled to crammed hovels to escape"...

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April 16, 2014

9

Washington was ready to accompany Algeria in building nuclear power plants to produce electricity

Progress outside hydrocarbons during the last decade can be enhanced more during the next five years' program, thanks to the bedrock that have been made in the area of public spending in infrastructure, agriculture, construction and public works, irrigation, transport, education and health, report by IMF mission to Algeria shows.


IMF revealed that the GDP outside the hydrocarbons sector recorded a strong growth in 2013, which is a"...

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April 16, 2014

10

Call For Promotion Of Arabic Language In Algeria

President of the High Council of Arabic Language (HCLA) Azzeddine Mihoubi said the promotion and use of the Arabic language in all fields is required to preserve the identity of the future generations, Algeria Press Service (APS) reported.

On the sidelines of a ceremony celebrating the Day of Knowledge, observed each year on April 16, Mihoubi stressed the importance to preserve and develop the achievement made in the educational field in Algeria.

Meanwhile in a statement to APS, Vice President of the Association of Algerian Muslim Scholars, Amar Talbi, hailed this initiative...

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