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UN calls for efforts to help African industry

Trade and industry ministers from the world's poorest nations are meeting today in Cambodia for a United Nations-backed gathering aimed at helping those countries better integrate their economies into the global trading system.
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Algeria’s trade surplus hits 39.77 billion dollars in January-October 2008

Algeria’s trade surplus reached $39.77 billion in the first 10 months of 2008 compared to $ 26.07 billion in the same period last year, Algeria News Agency (APS) reported Tuesday citing the Customs National Center for information and Statistics. ...
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28 new weekly flights between Algeria and China

Algeria's national airline Air Algerie will launch 14 weekly flights to China along with 14 similar flights offered by China’s airline company, Chief Executive Officer said. ...
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Sonatrach, Bonatti sign power plant contract

Algeria’s energy group Sonatrach Monday said it signed a deal with Italy’s Bonatti Monday for the extension of a power plant in Adrar, south of Algeria. ...
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Algeria, Argentine sign nuclear deal

Algeria and Argentina Monday signed three cooperation agreements including one on peaceful use of nuclear energy. ...
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Oil investment in Algeria not affected by financial crisis

Algeria’s oil company Sonatrach will not review its investment following the financial crisis, CEO said. ...
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Algeria Negotiating Strategic Energy Contract with EU

Algeria is negotiating a strategic contract with the European Union in the energy sector, said the Algerian energy and mines Chakib Khelil. ...
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Opec likely to cut production in Algeria, says Khelil

Opec member countries are more likely to announce an output cut in Oran, Algeria emergency meeting than in next Cairo gathering, the president of the organization said. ...
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India’s 40 billionaires lose $ 212 billion

India’s 40 billionaires suffer from the global financial crisis which has hit the subcontinent. They lose 60% of their fortunes, according to the U.S magazine Forbes. ...
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Algeria holds Fourth Energy Week

Algeria will open the Fourth Energy Week Saturday with the participation of more than 1,700 exhibitors and 240 companies from 35 countries. ...
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Eurozone first time recession

The Eurozone has officially slumped into recession for the first time ever after the economy shrank by 0.2 percent in the third quarter, the European Union said Friday. ...
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Opec member countries to meet in November 29

Opec member countries will hold a consultative meeting in November 29, in Cairo, said the president of the organization Chakib Khelil....
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Telecom Egypt to liquidate investment in Algeria

Telecom Egypt and partner Orascom telecom said they will liquidate their land line telephone investment in Algeria, said regulatory news service Thursday....
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S.Korea consortium wins $400 mln Algeria project

South Korea's Hyundai Engineering Co Ltd said on Tuesday its consortium had won a $400 million oil refinery project in Algeria. ...
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Dubai’s DP World to run two Algerian ports

Dubai's port operator DP World has signed an agreement with Algeria to manage the ports of Algiers and the port of Djen-Djen (east of Algeria), the operator said in a statement published Monday. ...
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SNC Lavalin wins Hassi Messaoud new city contract

Canadian engineering group SNC Lavalin Saturday won a contract for the design and execution follow up for the new city of Hassi Messaoud (800 km south of Algiers), according to a statement from the project authority. ...
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Opec may cut out put in December

Opec may cut out put again in its next emergency meeting due to be held in Oran-Algeria in December 17, said Chakib Khelil president of the organization....
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Turkey to invest $15 billion in railroad transportation

Turkey considers investing $15 billion in railroad transportation by the year 2020, Turkish railways chief said Thursday. ...
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China focused on 150-seat jets

China’s Commercial Aircraft Corp announced Wednesday that it will focus on making 150 seat airliners. ...
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400 Kilovolts power line between Algeria and Morocco

Algeria will reinforce its cross-border power line with Morocco with 400 Kilovolts (kV) by the end of November, official says. ...
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Algeria allows Islamic funding counters in banks

The Bank of Algeria is considering a set of proposals to open special counters for Islamic funding in state owned banks by 2009. ...
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Algeria started oil production cut

Algeria started to reduce its oil production to implement Opec decision, said the ministry of energy and mines in a statement Tuesday. ...
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Euro zone reeling towards recession

The Euro zone is heading for an economic downturn with growth plummeting 0.2% in the second quarter, according to a European commission statement issued in Brussels on Monday. ...
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288,000 new jobs in Algeria handicraft sector

Algeria has created 288,704 jobs and 144,352 activities in handicraft sector since the beginning of 2008, handicraft industries chief at the ministry of small and middle-seize enterprises said Monday. ...
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Offshore works in Medgas pipeline completed

The offshore works on the Medgaz pipeline have been completed said the Algerian ministry of energy and mines today, in a press release. ...
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Brown seeks Gulf money

British Prime Minister Gordon Brown Sunday asked Gulf States to put more money in the global financial system to support countries affected by the financial crisis. ...
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Brown's pressurising attempt in the Golf

British Prime Gordon Brown started a tour to Gulf States. He will ask them to help the countries affected by the financial crisis including the UK. ...
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Turkey manufactures Airbus A400M fuselage

Turkish Aerospace Industries company TUSAS has started manufacturing fuselage of the Airbus A400M, Europe's biggest and most modern military transport aircraft, news agencies reported citing a statement issued by the company. ...
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New oil output cut not to be ruled out, OPEC warns

The organization of Petroleum Exporting Countries –OPEC- has warned it could cut output again if prices keep tumbling despite an output reduction decided at an emergency meeting held last week in the Austrian capital Vienna. ...
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Air Algérie sets up specifications for 11 aircrafts deal

Algeria’s Air Algérie is to announce specifications for acquiring 11 aircrafts. ...
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Financial crisis crawling

From the sinking US economy, the financial crisis is crawling to affect an increasing number of countries in Europe, the Middle East and Asia. ...
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Algeria seeks Turkish construction partnership

Algeria hopes to see more Turkish investors in building projects said the housing ministry in a statement issued Sunday. ...
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Asian, E.U leaders call for financial market overhaul

Asian and European Union leaders, meeting in Beijing, have called for the revamping of global financial regulation, lending support to French President Nicolas Sarkozy's initiative to this effect. ...
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Orascom Sawiris: no intention to sell Djezzy

Orascom CEO Nadjib Sawiris has expressed his wish to meet Algerian officials including the Prime Minister Ahmed Ouyahia to make things clear about “allegations” reported on the company, he said ...
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OPEC curtails oil output by 1.5 million barrels per day

As expected, the organization of Petroleum exporting countries – OPEC – decided in an emergency meeting Friday in Vienna to lessen its oil production by 1.5 million barrels per day prompting crude prices on the volatile world market to go downhill. ...
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Financial crisis slashes 20 million jobs by end 2009

The financial crisis could lead to a 20 million increase in the number of unemployed world-wide by the end of 2009, International Labour Organisation (ILO) chief Juan Somavia warned Monday. ...
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Opec Will reduce Production By 1 or 2 mb a day: Khelil

   Opec will reduce production by 1 or 2 million barrels a day, said the president of the organization Sunday on the Algerian TV“there is ...
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LNG plant to boost foreign investment in Algeria, report says

A new US$4.49bn liquefied natural gas (LNG) plant to be built by Italy’s Snamprogetti and Japan’s Chiyoda in Algeria will provide new opportunities to foreign investors, according to BMIs latest Algeria Petrochemicals Report. ...
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Lethal insect wreaks havoc in tomato harvest in Mostaganem

Emergency measures have been enforced by Agriculture regional services in several northern regions of Algeria to check the awesome spread of an insect – borne disease which has already destroyed a sizable Tomato harvest in the north – western province of Mostaganem. ...
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Foster Wheeler wins gas contract in Algeria

Global engineering and construction contractor Foster Wheeler said its UK-headquartered subsidiary was awarded a front-end engineering design (FEED) contract in Algeria, according to a press release published on its website Monday....
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