Category: North Africa

Oil costs have risen in the United Kingdom and United States after unrelenting unrest in Libya and uncertainties about the effect on the nation’s crude exports. In London Brent crude increased by more than $2 a barrel to $108.5, just before falling back to $106.42 a barrel. In New York, United States light sweet crude…

The reopening of the Egyptian stock market continues to be delayed, the state-run news agency MENA has reported. Trading had been anticipated to resume on Tues however the exchange is now due to reopen on Sunday, 6 March, MENA said. The exchange has been closed for more than a month in the wake of anti-government…

Algeria’s revenues which declined due to falling oil prices should recover in 2017 and progressively increase until 2021, according to the latest forecasts of the International Monetary Fund (IMF), published Wednesday in Washington. For 2017, Algeria revenues are expected to increase to make up 27.2% of GDP against 26.1% of DGP in 2016, according to…

Minister of Finance, Abderrahmane Benkhalfa participated Thursday, in Washington, in the G24 meeting, devoted to the review of global growth prospects and the ways to secure international financial system. During the meeting held behind closed doors, the Finance ministers who represent this inter-governmental group, made up of emerging and developing countries focused on the implementation…

Growth in Algeria will be sustained and should establish at 3.4% in 2016, against 3.5% in 2015, according to the International Monetary Fund’s (IMF) latest forecasts, published Tuesday in Washington. For 2017, the IMF foresees a slight decrease in economic growth at 2.9%, but this rate is expected to improve and rebound to 3.4% in…

The Minister of Finance and Economic Planning Badr-Eddin Mahmoud has been participating in the business of the Second Annual Conference of the Government Investment Funds of the member states at the Islamic Development Bank Group, which kicked off Tuesday in the Morocco’s Capital, Rabat and lasts for two days. The conference will discuss the experiences…

Minister of Energy Salah Khebri affirmed Sunday in Djelfa that the generation of electricity from renewable energies is likely to reduce the dependence on gas in the generation of this vital energy. ” In addition to the protection of the environment, supporting clean energy will contribute to the reduction of gas exploitation in the generation…

Minister of Transport Boudjemaà Talai announced Tuesday in Djelfa (275km southwest of Algiers), that the railway projects which are under construction in the province total 320km and make up 10% of the national programme of 2,300 km. Hosting a news conference at the end of his working and inspection visit to Djelfa, the minister said…