Business News Algeria

  • Jan 16- An indigenous group that opposes construction of the Coastal GasLink pipeline in British Columbia will refuse workers access to their land, but in peaceful fashion, according to one of its chiefs. The statement comes after Royal Canadian Mounted Police established a checkpoint on Monday for access to a remote, forested area along Coastal GasLink's...

  • *Malaysia is biggest exporter of refined palm to India. KUALA LUMPUR, Jan 16- Malaysia is talking to the Indian government and trade officials in a bid to resolve concerns over New Delhi's new palm oil import restrictions, a minister in Kuala Lumpur said on Thursday amid a trade spat between the countries. India, the world's biggest buyer of edible oils, last week...

  • ATHENS, Jan 16- Greece's state-controlled gas utility DEPA, earmarked for privatisation this year, has won a legal case over a supply deal with Turkish state energy company BOTAS, DEPA said on Thursday. The International Court of Arbitration ruled on Wednesday that BOTAS should cut retrospectively the contractual gas prices that DEPA has paid, DEPA said in a...

  • *Malaysia is biggest exporter of refined palm to India. KUALA LUMPUR, Jan 16- Malaysia is talking to the Indian government and trade officials in a bid to resolve concerns over New Delhi's new palm oil import restrictions, a minister in Kuala Lumpur said on Thursday amid a trade spat between the countries. India, the world's biggest buyer of edible oils, last week...

  • *Malaysia is biggest exporter of refined palm to India. KUALA LUMPUR, Jan 16- Malaysia is talking to Indian government and trade officials in a bid to resolve concerns over New Delhi's new palm oil import restrictions, a minister in Kuala Lumpur said on Thursday amid a trade spat between the countries. India, the world's biggest buyer of edible oils, last week placed...

  • KUALA LUMPUR, Jan 14- Malaysia is concerned about India's new curbs on imports of palm oil after a diplomatic row, Prime Minister Mahathir Mohamad said on Tuesday, but indicated he would continue to speak out against "wrong things" even if it costs his country financially. India, the world's biggest buyer of edible oils, last week changed rules that traders say...

  • LONDON, Jan 6- The following table shows crude oil output by the Organization of the Petroleum Exporting Countries in millions of barrels per day in December and November, according to a Reuters survey published on Monday. December was the last month in which a deal between OPEC, Russia and other non-members, an alliance known as OPEC+, to reduce supply by 1.2...

  • *Russia says new cuts will last until Q1, OPEC wants more. VIENNA, Dec 5- OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to support crude prices and prevent a glut but were still debating how long the curbs would last next year. OPEC will then meet on Friday with Russia and other producers, a grouping known as OPEC+.

  • PARIS/ SINGAPORE, Dec 5- Chicago soybeans rose for a third straight session on Thursday as renewed optimism about a potential trade deal between Washington and Beijing supported a rebound from a near three-month low at the start of the week. The most-active soybean contract on the Chicago Board Of Trade was up 0.2% at $8.80 a bushel, by 1215 GMT, as it moved further...

  • JOHANNESBURG, Dec 3- A leading South African trade union on Tuesday called on the government to drop a requirement that buyers of the country's arms exports agree to inspections, a measure that is holding up shipments to Saudi Arabia and the United Arab Emirates. Reuters reported last month that the two Gulf allies along with Algeria and Oman were refusing to...

  • ALGIERS, Nov 28- Algeria's upper house of parliament passed the country's new energy law on Thursday aimed at reviving the key oil and gas sector by making it more attractive to investors. Parliament also agreed the 2020 budget, which also contains reforms to open other sectors of the economy to majority foreign ownership as Algeria grapples with shrinking...

  • JOHANNESBURG, Nov 22- South Africa is blocking arms sales to countries including Saudi Arabia and the UAE in an inspections dispute, endangering billions of dollars of business and thousands of jobs in its struggling defence sector, according to industry officials. Saudi Arabia and the United Arab Emirates, which account for at least a third of South Africa's...

  • JOHANNESBURG, Nov 22- South Africa is blocking arms sales to countries including Saudi Arabia and the UAE in an inspections dispute, endangering billions of dollars of business and thousands of jobs in its struggling defence sector, according to industry officials. Saudi Arabia and the United Arab Emirates, which account for at least a third of South Africa's...

  • TUNIS, Nov 21- Algeria has decided to cap soft wheat imports at 4 million tonnes a year, instead of 6.2 million tonnes, the government said in a statement. The decision aims to "preserve foreign currency and reduce Algerian imports of cereals, especially soft wheat," it said in the statement late on Wednesday. Algeria is one of the world's biggest buyers of the...

  • Three businesswomen sitting on large Pillows in an office and  talking during an informal meeting

    The U.S. has emerged as the best place globally to be a woman entrepreneur, narrowly topping New Zealand, according to a new report from Mastercard.

  • ALGIERS, Nov 14- Algeria's lower house of parliament approved reforms on Thursday to encourage foreign investment in energy projects, allow foreign investors to take majority stakes in non-strategic sectors and enable the government to seek loans overseas. The reforms, included in a new oil and gas law and the 2020 budget bill, still need to be passed by the...

  • ALGIERS, Nov 14- Algeria's lower house of parliament approved reforms on Thursday that will encourage foreign investment in energy projects, allow foreign investors to take majority stakes in non-strategic sectors and enable the government to seek loans overseas. The reforms, included in a new oil and gas law and the 2020 budget bill, still need to be passed by...

  • *Egypt, China sales boost sentiment, Russia trend a question mark. PARIS, Nov 13- Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports for a second month in a row, adding to expectations that France is benefitting from a big harvest and reduced Russian competition to gain market share overseas. Competitive French prices,...

  • FAUBE, Burkina Faso, Nov 12- When an Islamist preacher took up the fight in Burkina Faso's northern borderlands almost a decade ago, his only weapon was a radio station. "We cheered," said Adama Kone, a 32- year-old teacher from the town of Djibo near the frontier with Mali, who was one of those thrilled by Dicko's words. Since Dicko's first broadcasts, Burkina Faso has...