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Financials and Investment News in Algeria

Algeria Suspends Economic, Cultural, Political Gatherings over Coronavirus
3/11/2020 - Algeria has suspended economic, cultural and political gatherings to slow the spread of the coronavirus, Health Minister Abderrahmane Benbouzid said .

The sports ministry earlier announced ...
Foreign Indebtedness Poses No Danger to National Economy
10/7/2019 - Resorting to foreign indebtedness poses no danger to the national economy, provided that the previously announced conditions are met, notably the targeting of profitable economic projects, said Sunday...
Algeria's Trade Balance: Foreseeable Deterioration Linked To Economic Structure
8/18/2019 - he deterioration of Algeria’s trade balance in the first half of 2019 was foreseeable due to the nature of the economic structure, marked by the absence of other drivers of export growth, explained Al...
Algeria's Economy: Annual Growth at 1.4% in 2018
8/6/2019 - Algeria' annual economic growth stood at 1.4% in 2018, against 1.3% in 2017, announced the National Statistics Office (ONS).
USTDA Advocates Algeria-US Partnerships in Economic Development
7/10/2019 - The visit of a senior executive at the United States Trade and Development Agency (USTDA) in last June is part of efforts to “forge partnerships with Algerians in the field of economic development.”
Algeria Energy Exports Down 7.7% in 2018 - Central Bank
6/11/2019 - Algeria’s oil and gas export volumes fell 7.7% in 2018 from the previous year, the central bank said , highlighting how the OPEC member country is struggling to attract foreign investment to boost out...
Algeria’s Trade Deficit Reaches USD1.84 Bn in First 4 Months of 2019
6/1/2019 -  Algeria’s trade deficit reached USD1.84 billion in the first four months of 2019, against USD1.83 billion in the same period in 2018, said the Algerian Customs.

Algerian exports amounted to...
Afcfta to Boost Economic, Trade Exchanges
5/30/2019 - The entry into force of the African Continental Free Trade Area (AfCFTA) on next Thursday will “boost” economic and trade exchanges between African countries and will give a fresh impetus to the regio...
Algeria’s Port Activity Up By 7% in Q1 2019
5/20/2019 - Algeria’s port activity increased by 7% in the 1st quarter of 2019, compared to the 1st quarter of the previous year, Serport Group told APS .
IMF Lowers Algeria Growth Forecast
4/9/2019 -  The International Monetary Fund (IMF) said it expects a 2.3% growth for the Algerian economy in 2019, down from the projected 2.7% in last October.
Foreign Trade Up By US$313 Million in Jan-Feb 2019
4/6/2019 - The trade balance increased by US$313 million in the first two months of the current year, compared to a trade deficit worth US$671 million in the same period in 2018, the General Customs Directorate ...
Algeria C. Bank Raises Reserves Requirements for Banks to 12 Pct
3/17/2019 - Algeria’s central bank has raised reserves requirements for banks to 12 percent from 8 percent, the state news agency APS reported . APS said the move followed an increase in liquidity in the market.
Djellab, Head of Mauritanian Trade Chamber Discuss Trading Development
2/25/2019 - Minister of Trade Said Djellab received , in Algiers, the head of the Mauritanian Chamber of Trade, Industry and Agriculture Ahmed Baba Ould Eleye, accompanied by a delegation of businessmen.
Substantial Decline of Trade Deficit in 2018
2/9/2019 - Algeria’s trade deficit stood at $5.03 billion in 2018, against $10.87 billion in 2017, down by 5.84 billion (-53.73%), Customs told APS.

In 2018, the exports jumped to $41.168 billion agains...
Algeria, UAE to Sign Cooperation Agreement on Environment
1/12/2019 - ALGER- A cooperation agreement on the environment and renewable energies will be signed by Algeria and the United Arab Emirates (UAE) as part of the Abu Dhabi Sustainability Week (ADSW) started Saturd...
World Bank Raises Algeria’s Growth Forecasts For 2019-2020
1/9/2019 - The World Bank has raised its growth forecasts for the Algerian economy in 2019 and 2020, according to the updated forecasts of this international financial institution, published , in Washington.
Benmessaoud Underlines Importance of Tourism in Economic Development
1/9/2019 - Minister of Tourism and Craft Industry Abdelakder Benmessaoud called , in Algiers, all the sector’s players and partners to make further efforts to promote tourism activity so that it contributes to t...
Djellab, Egyptian Counterpart Discuss Ways to Boost Economic Cooperation
12/13/2018 - Trade Minister, Said Djellab discussed with his Egyptian counterpart, Amr Nassar the means to enhance bilateral economic cooperation given the both countries’ industrial potential.
Algiers Hosts 5th Algeria-South Korea Business Forum Monday
12/13/2018 - The 5th Algeria-South Korea business forum will take place Monday in Algiers, in the presence of Premier Ahmed Ouyahia and his South Korean counterpart, Lee Nak-yon who is to start a three-day officia...
Algeria to Stop Importing Potato Seeds in 2021, Says Agriculture Minister
12/8/2018 - Minister of Agriculture, Rural Development and Fisheries Abdelkader Bouazghi said in Guelma that "Algeria will stop the import of potato seeds in 2021."

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