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Business Algeria

  • ALGIERS, Algeria— Public service labor unions have gone on strike in Algeria, paralyzed education, health, vocational training and the telecommunications industries. Meziane Meriane, the head of the SNPEST teachers union, denounced workers' sinking purchasing power and told The Associated Press the protests Wednesday aimed to force the government to begin...

  • LONDON, Jan 16- Vitol will get 1.5 to 2 million barrels of crude per month from Algeria's state oil firm Sonatrach and deliver fuel to the country in exchange, in a rare such deal for the OPEC member, trade sources familiar with the matter told Reuters. The deal will kick off on Feb. 1 with the world's largest oil trader loading a 1 million barrel cargo, one of the sources...

  • ALGIERS, Jan 10- Algeria sent 2.1 million barrels of crude oil to Cuba last year and will ship the same amount in 2018, an official at state energy firm Sonatrach said on Wednesday, helping Cuba to offset lower supplies from the island's closest ally, Venezuela. Cuba and Algeria have maintained a close relationship in recent years. But Cuba has relied almost...

  • PARIS/ ALGIERS, Nov 12- Peugeot maker PSA Group signed a joint venture agreement with three Algerian partners on Sunday to build cars in the North African country. The agreement was signed in Algiers as part of the France- Algeria joint economic committee, in the presence of French Foreign Minister Jean-Yves Le Drian and French Economy, Finance and Industry...

  • **BRUSSELS- French central bank chief Francois Villeroy de Galhau speaks at a conference in Brussels 1300 GMT. BRUSSELS- Introductory statement by ECB Chair of the Supervisory Board Daniele Nouy at the ECON Hearing at the European Parliament in Brussels 0800 GMT. FRANKFURT- Thomas Jordan, chairman, Swiss National Bank gives CFS Presidential Lectures in...

  • **BRUSSELS- French central bank chief Francois Villeroy de Galhau speaks at a conference in Brussels 1300 GMT. BRUSSELS- Introductory statement by ECB Chair of the Supervisory Board Daniele Nouy at the ECON Hearing at the European Parliament in Brussels 0800 GMT. FRANKFURT- Thomas Jordan, chairman, Swiss National Bank gives CFS Presidential Lectures in...

  • BEIJING, Oct 16- China's internet restrictions have struck a "new blow" against foreign companies working there, Germany's ambassador said on Monday, warning that such moves could undermine Beijing's political and commercial ties with the world. "Unrestricted internet access via VPN is vital if China wants to take maximum advantage of international...

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

  • 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.

  • Saudi-Arabia-Iran tensions ignite OPEC worries

    CNBC's Hadley Gamble reports OPEC members are struggling to reach an agreement on oil production.

  • Shot in the foot

    The OPEC meeting in Algeria may not have resulted in a resolution as of Tuesday, but at least one person is optimistic.

  • OPEC freeze unlikely: Minister

    Nigerian Oil Minister Emmanuel Ibe Kachikwu, says that an OPEC freeze is not likely, but "honesty" is the real progress at the meeting in Algeria.

  • OPEC to release plan for possible cuts: Report

    CNBC's Hadley Gamble has the update from OPEC leaders meeting in Algeria to dicuss oil production.