SONELGAZ needs nearly DZD 300 billion to finance investment projects
Thursday, 28 September 2017 09:58 ALGIERS- SONELGAZ group needs around 200 to 300 billion dinars per year to finance its investment projects and meet the growing demand for energy, said Wednesday the group's CEO, Mohamed Arkab.
Hotel industry: Over 1,800 investment projects recorded in Algeria
Thursday, 28 September 2017 09:28 ALGIERS- Over 1,800 projects for the construction of hotels with a reception capacity of more than 240,000 beds are recorded in Algeria, including 582 hotels with 75,000 beds are under construction, said Wednesday in Algiers Minister of Tourism and Craft Industry Hacène Mermouri.
Over 302,000 housing units delivered in 2017, 341,000 in 2018
Wednesday, 27 September 2017 19:16 ALGIERS- A total of 302,000 housing units would have been delivered in 2017, of which 169,000 by the end of August, said Wednesday Prime Minister Ahmed Ouyahia, in response to questions of the members of the Council of the Nation (Upper House of the Parliament) during the debates on the Government's Action Plan.
Global Competitiveness Report: Algeria ranks 86th
Wednesday, 27 September 2017 19:09 ALGIERS- Algeria has ranked 86th in terms of competitiveness for the year 2017-2018, according to the Global Competitiveness Report published by the World Economic Forum, located in Geneva.
No fuel imports within few years, thanks to new refineries, says Ouyahia
Wednesday, 27 September 2017 18:16 ALGIERS- The next entry into operation of refineries will allow stopping fuel imports within few years, affirmed Wednesday Prime Minister Ahmed Ouyahia in a reply to the concerns of members of the Council of the Nation in debates on the government’s action plan.
Government doesn't plan tax on Algerians travelling abroad
Wednesday, 27 September 2017 18:17 ALGIERS- The government doesn’t plan to impose tax the Algerians who travel abroad, Prime Minister Ahmed Ouyahia announced Wednesday in Algiers.
Sectors targeted by German investors highlighted in meeting on investment
Wednesday, 27 September 2017 17:33 ORAN- Industry, petrochemistry, construction and green energy are the most targeted sectors by the Germans who want to invest in Algeria, said Wednesday, in Oran, the participants in a meeting of Algerian and German operators.
Arab-African cooperation: Algeria has “great” investment opportunities
Wednesday, 27 September 2017 16:36 AMMAN (Jordan)- Algeria has great investment means and opportunities that can be materialized into projects as part of the Arab-African cooperation, said Wednesday in Amman the general director of the Algerian Chamber of Trade and Industry (CACI).
Tax on wealth to be proposed in draft finance bill 2018
Wednesday, 27 September 2017 15:53 ALGIERS – A tax on wealth will be included in the draft finance bill 2018, said Wednesday Prime Minister Ahmed Ouyahia, while answering the concerns of the members of the Council of the Nation raised during the debates on the Government’s Action Plan.
Algeria's gold reserves exceed US$6 billion
Wednesday, 27 September 2017 15:15 ALGIERS- Algeria's gold reserves are currently worth over US$6 billion, said Wednesday Prime Minister Ahmed Ouyahia, in response to the questions of the members of the Council of the Nation (Upper House of Parliament) during the debates on the Government's Action Plan.