World Bank: Drought threatens Algeria

World Bank: Drought threatens Algeria
Government rushed to disbelieve the World Bank about drought which is threatening Algeria, and the decline of water availability to the half by 2050, as the executive body confirmed that Algeria is today free from the threat of drought, and its battle is not with the abundance of water, but...

Yousfi: “Algeria’s exploitation of shale gas expected between 2020 and 2025”

Yousfi: “Algeria’s exploitation of shale gas expected between 2020 and 2025”
Algerian Energy Minister, Youcef Yousfi, said that the projected exploitation of shale gas by Algeria is foreseen within the upcoming period of between 2020 and 2025, adding that the goal now is focused on the development of the gas fields in order to ensure the future continuity of the supply...

Veterinary Services: Meat prices will not fall under the 1,200 DZD

Veterinary Services: Meat prices will not fall under the 1,200 DZD
Public consumption of red meat index noticed a terrible decline in recent years, according to the Veterinary Services statistics due to a decline in the purchasing power, as the production of abattoirs in Algiers reached only 90 heads of cattle per day, which allows a constant rising in prices to...

Algeria loses 60 percent of its incomes and consumes $16 billion of its reserves

Algeria loses 60 percent of its incomes and consumes $16 billion of its reserves
The Algeria Bank’s commissioner Mohamed Laksassi Thursdays said the country’s financial situation helped to reduce foreign shock effect. He warned against the weakness of this situation flexibility if the shock continues. Algeria’s incomes decreased due to oil price fall by 60 percent. It consumed $16 billion of its exchange reserve...

Officials and businessmen involved in East-West Motorway scandal

Officials and businessmen involved in East-West Motorway scandal
A total of 16 people will appear in court next Wednesday for being involved in the East-West Motorway. Seven foreign companies are also prosecuted and two persons are on the run. Lawyers are expected to raise the issue of international arbitration used by many accused companies including Japan’s Cojal building...

Businessmen and ministers store their money at HSBC's Swiss bank

Businessmen and ministers store their money at HSBC's Swiss bank
A preliminary list of Algerians who have accounts at HSBC's Swiss bank showed names of businessmen, billionaires, football stars, a war veteran and a former minister....

Cars price goes up by 30 percent in Algeria

Cars price goes up by 30 percent in Algeria
Algeria’s most expensive ever car exhibition for 18 years will be organized starting from Wednesday. Prices increased compared to last year by 30 percent. This would cause a sharp fall in sales, according to car dealers....

Algeria: smugglers to get 10 years in jail

Algeria: smugglers to get 10 years in jail
Algeria’s justice ministry stepped up measures against fuel and subsidized food smuggling which causes about $2 billion loss to the Public Treasury. Of it, $1.3 billion was lost due to the smuggling of about 1.5 billion liters of refined materials. According to the new smuggling draft law, smugglers will get...

Fisheries Ministry gripped by scandal over smuggling of blue fin tuna to Turkey

Fisheries Ministry gripped by scandal over smuggling of blue fin tuna to Turkey
The Criminal Court of the central city of Guelma has reopened again, the burning file related to the smuggling of blue fin tuna, on the basis of a previous ruling handed down by the Annaba criminal court issued in 2010, by sentencing all the defendants standing trial, including a Turkish...

Trade Ministry bans the marketing of cars that are manufactured before March 2014

Trade Ministry bans the marketing of cars that are manufactured  before March 2014
Trade Ministry decides, days before the start of the 18th Edition of Algiers International Car Show, to prevent the marketing of vehicles that were manufactured before March 2014, calling upon the licensed car concessionaires to respect the new book of conditions, which includes preventing the marketing of cars which the...
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