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ALGIERS- Discussions about the extension, beyond March 2018, of the agreement between the organization of the Petroleum Exporting Countries (OPEC) and its partners on oil production reduction has been postponed to next November, Minister of Energy Mustapha Guitouni said Friday in Vienna.
ALGIERS-Premier Ahmed Ouyahia said Thursday in Algiers that the Finance Bill 2018 provides for the introduction of Islamic checks in the treasury and the launch of Islamic finance before the end of 2017 by two public banks and four public banks in 2018.
ALGIERS-Premier Ahmed Ouyahia stressed that government's resort to non-conventional financing would save Algeria from severe economic crisis.
ALGIERS- The Government will preserve social gains, particularly the current policy of subsidies, which will be maintained next year, said Thursday in Algiers Prime Minister Ahmed Ouyahia.
ALGIERS-Algeria's foreign exchange reserves amounted to USD103 billion in late August 2017 (against USD 105 billion in July 2017), Premier Ahmed Ouyahia announced Thursday.
ALGIERS- The possibility to renew, to beyond March 2018, the agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its partners, on limiting production, will be examined Friday in Vienna, said Wednesday in Algiers Minister of Energy Mustapha Guitouni.
ALGIERS- Many partnership projects between Algerian and Russian economic operators are under negotiation, some of which are being finalized, especially in food processing industry, logistics and mechanics, the director general of the Algerian Chamber of Commerce and Industry, Ouahiba Behloul, said Wednesday in Algiers.
ALGIERS-Energy Minister Mustapha Guitouni will take part in the 5th meeting of the Joint Ministerial Monitoring Committee (JMMC) scheduled for next Friday in Vienna (Austria), the Ministry said in a communiqué.
ALGIERS-Russia's Energy Minister Alexandre Novak said Wednesday in Algiers that Algeria and Russia had contributed to the stabilization of oil price on the international market.
ALGIERS- Minister of Finance Abderrahman Raouya underlined, Wednesday in Algiers, the need to broaden cooperation between Algeria and Russia to other sectors with a view to strengthening their strategic partnership.

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