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Business Algeria

  • RABAT/ ALGIERS, April 23- Morocco and Algeria summoned each other's ambassadors and traded accusations on Sunday after Rabat charged Algerian authorities had allowed 54 Syrians to "illegally enter" Morocco to stir tensions on their mutual border. Morocco said the Syrians attempted to enter Morocco through the border town of Figuig, an area surrounded by...

  • *Algeria under pressure to reform after oil price drop. But despite this hesitancy- government officials are reluctant even to refer to Islamic finance by that name- Algeria is edging slowly towards offering banking services to suit more religiously conservative investors. The object is to attract funds from a huge pool of cash held outside the formal banking...

  • ALGIERS, April 10- Algeria released details of its "new model of growth" on Monday to cope with a sharp fall in oil prices, recognising that its vast system of government subsidies is unsustainable and must be overhauled. The document outlining the new model frankly admitted the country's reliance on energy, which accounts for 60 percent of its budget, and put...

  • ING has confirmed it is facing a criminal investigation into alleged money laundering and corruption from Netherlands authorities.

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • LONDON, March 21- Singapore topped the Economist Intelligence Unit's twice-yearly list of the world's most expensive cities. Here is the ranking for the most expensive and cheapest cities:. (Reporting by Jeremy Gaunt, editing by Pritha Sarkar).

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • OPEC President Qatar's Energy Minister Mohammed bin Saleh al-Sada and OPEC Secretary General Mohammad Barkindo address a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016.

    Eleven non-OPEC oil producers that joined a global deal to reduce output to boost prices delivered 64 percent of promised cuts in February.

  • Qatar's Minister of Energy and the OPEC Conference President, Mohammed Bin Saleh Al-Sada (2nd L) and Secretary General of OPEC, Mohammad Sanusi Barkindo (2nd R) attend a press conference following the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria on November 30, 2016.

    Saudi Arabia over-delivered, but OPEC cut about 90 percent of the oil supplies it committed to take off the market.

  • Snow in the Sahara desert near the town of Ain Sefra, Algeria Dec 20.

    The Sahara Desert was dusted in a layer of snow after a strong polar front from the Mediterranean, reports NBC News.

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...