Business Algeria


  • American Hostages Status Unclear Thursday, 17 Jan 2013 | 2:22 PM ET
    American Hostages Status Unclear

    Breaking details on the Algeria hostage crisis, with CNBC's Michelle Caruso-Cabrera.

  • Algerian Army Moves on Terrorists Thursday, 17 Jan 2013 | 10:11 AM ET
    BP Withdraws Non-Essential Workers From Algeria

    CNBC's Michelle Caruso-Cabrera reports on a BP statement that it's been told the Algerian army is trying to take control of a natural gas site where terrorists are holding hostages, including Americans. (1:07)

  • North African Instability Will Hit the Oil Price: Pro Thursday, 17 Jan 2013 | 1:30 AM ET
     Will North African Instability Hit the Oil Price?

    Amrita Sen, chief oil analyst at Energy Aspects, tells CNBC that the instability in North Africa, with Islamic militants holding a gas facility hostage, could be quite negative for long-term investment in the region.

  • 41 Hostages Taken In Algeria, 3 Are American Wednesday, 16 Jan 2013 | 7:25 PM ET
    41 Hostages Taken In Algeria, 3 Are American

    Islamic militants have taken as many as 41 hostages, including 3 U.S. citizens, in Algeria, and the White House is calling this a "terrorist attack," reports CNBC's Michelle Caruso-Cabrera.

  • Algeria Attack Won't Change Oil's Risk Premium Wednesday, 16 Jan 2013 | 5:40 PM ET
    Impact of Algerian Gas Field Attack on Oil

    Dominic Schnider, Head of Commodity Research, UBS Wealth Management warns investors not to expect a drastic rise in oil's risk premium as a result of the Algerian attacks. He expects a $3 to $4 increase.

  • American Hostages In 'Terror Attack': Panetta Wednesday, 16 Jan 2013 | 2:13 PM ET
    American Hostages In 'Terror Attack': Panetta

    There has been a "terrorist attack" on a gas facility in Algeria where Americans are among 41 people being held hostage by Islamic militants. Helima Croft of Barclays, offers insight.

  • Sen. Coons on Algerian Gas Facility Attack Wednesday, 16 Jan 2013 | 2:03 PM ET
    Sen. Coons on Algerian Gas Facility Attack

    Secretary of Defense Leon Panetta has confirmed Americans and others are being held by Islamic militants after what he calls a "terrorist attack" occurred at a natural gas facility in Algeria. Senator Chris Coons (D-DE), offers insight.

  • Panetta: 'Terrorist Attack' In Algeria Wednesday, 16 Jan 2013 | 2:00 PM ET
    Panetta: 'Terrorist Attack' In Algeria

    CNBC's Michelle Caruso-Cabrera reports Secretary of Defense Leon Panetta said an overnight attack on the natural gas facility in Algeria "was a terrorist attack," and confirms that Americans and others are being held by Islamic militants. (1:48)

  • Americans Reportedly Taken Hostage in Algeria Wednesday, 16 Jan 2013 | 1:25 PM ET
    Americans Reportedly Taken Hostage in Algeria

    U.S. citizens are among 41 people reportedly taken hostage at a BP field in Algeria, reports CNBC's Michelle Caruso-Cabrera.

  • Breaking News: Americans Taken Hostage Wednesday, 16 Jan 2013 | 12:25 PM ET
    Breaking News: Americans Taken Hostage

    A number of Americans are among 41 people taken hostage, reports CNBC's Michelle Caruso-Cabrera.

  • Hints of Competitiveness in Recession-Hit Spain Tuesday, 15 Jan 2013 | 7:14 AM ET
    Demonstrators take part in a protest against government's health cuts and privatisation plans in Madrid on December 16, 2012.

    Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.

  • Superstorm Sandy blows gasoil bubble away Friday, 2 Nov 2012 | 1:09 PM ET

    *Stocks build in Europe as refinery maintenance ends. Middle distillates inventories, which include heating oil, diesel and jet, had been running at multi-year lows in both the United States and Europe- threatening to ramp up heating bills for households in the event of an early cold snap.

  • Program pairs U. Mich. experts with entrepreneurs Thursday, 25 Oct 2012 | 12:23 AM ET

    ANN ARBOR, Mich.-- Fourteen Middle Eastern and North African entrepreneurs are at the University of Michigan as part of a State Department- sponsored program that partners university experts with area community organizations. The program participants are from Algeria, Egypt, Israel, Morocco and Tunisia.

  • Algeria to contribute $5B to IMF Thursday, 11 Oct 2012 | 2:44 PM ET

    ALGIERS, Algeria-- Algeria's Finance Ministry and central bank have announced the country is contributing $5 billion to the International Monetary Fund. In April, Algeria said the IMF had asked for Algeria's participation in the international lending institution. Algeria is the third largest supplier of natural gas to Europe after Russia and Norway.

  • Hollande eyes new chapter in Franco-African relations Thursday, 11 Oct 2012 | 1:48 PM ET

    *Aims to promote democcracy in Africa. Hollande, who heads to the Democratic Republic of Congo on Saturday for a gathering of French-speaking nations, has promised to promote democracy in Africa and break with an era of collusion between French and autocratic African leaders.

  • LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.

  • Transatlantic clean ship rates seen staying muted Tuesday, 9 Oct 2012 | 2:04 PM ET

    LONDON, Oct 9- Clean tanker rates for refined petroleum products on top export routes were broadly steady on Tuesday with lighter business capping earnings in the transatlantic market.

  • BG sees decades more of oil-linked LNG sales Monday, 8 Oct 2012 | 2:00 PM ET

    LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.

  • *Deal gives Qtel more control over Algeria, Tunisia subsidiaries. to 92.1 percent, giving an instant boost to its bottom line and more control of subsidiaries in the high growth markets of Algeria and Tunisia.

  • DUBAI, Oct 7- Qatar Telecom has raised its stake in Kuwait's Wataniya to 92.1 percent following the close of its tender offer. The Qatari firm, which operates in 16 countries across the Middle East, Africa and Asia, paid 519.1 million Kuwaiti dinars at 2.6 dinars per share to raise its stake from 52.5 percent, it said in a statement on Sunday.