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Business Algeria

  • BEIJING, June 13- China upheld strict sales quotas for electrically powered vehicles in a draft regulation issued on Tuesday, ignoring concessions agreed between Chinese Premier Li Keqiang and German Chancellor Angela Merkel earlier this month. The latest draft by China's Ministry of Industry and Information Technology, open for public comment until June...

  • *Algeria shows new urgency to raise gas output- sources. ALGIERS, May 24- Less than a year ago, Algeria was ready for a legal battle with French oil giant Total; it looked like business as usual for a country known for bureaucracy, tough contracts and often testy relations with foreign energy groups. Last month the two sides reached a settlement over Total's complaint...

  • *China offers 18- mth phase-in for cyber law- sources. BEIJING, May 19- China may delay full implementation of controversial new cyber security rules, giving companies more time to prepare, two people who attended a meeting on Friday between the country's internet regulator, businesses and diplomats told Reuters. Business groups have lobbied Beijing to delay or...

  • 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 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,...

  • 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.

  • OPEC Deal

    Arab monarch-led OPEC nations have incentives to adhere to the output cut, says Mark Keenan at Societe Generale.

  • Saudi Arabia's Energy Minister Khalid al-Falih arrives for an informal meeting between members of the Organization of Petroleum Exporting Countries, OPEC, in the Algerian capital Algiers, on September 28, 2016.

    Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf Arab energy ministers.

  • Skyscrapers stand in the King Abdullah financial district in Riyadh, Saudi Arabia, on Saturday, Jan. 9, 2016.

    The past week signaled that Saudi Arabia's role as the undisputed leader of the OPEC cartel is changing.

  • OPEC members struggle to reach agreement

    CNBC's Hadley Gamble reports from Algiers as OPEC members meet on the sidelines of the International Energy Forum.

  • RBC Capital Markets says oil prices may slip to $40 or lower if OPEC members leave Algeria without any promise of a deal.