May 15 OPEC member Algeria will raise the price
of gasoline and diesel to reduce its consumption and imports as
the economy comes under pressure due to a sharp fall in energy
revenue, according to a revised 2020 budget plan drawn up by the
cabinet and seen by Reuters.
ALGIERS Oil and gas exporter Algeria plans to develop other natural resources including uranium, gold and phosphate with the help of foreign investors after the end of the health crisis caused by the novel coronavirus, President Abdelmadjid Tebboune said on Friday.
ALGIERS Algerians are watching the collapse of oil prices with alarm as the energy markets on which the North African nation relies for most of its export revenues have been plunged into turmoil by the coronavirus crisis.
ALGIERS/CAIRO/JAKARTA Days before the holy fasting month of Ramadan begins, the Islamic world is grappling with an untimely paradox of the new coronavirus pandemic: enforced separation at a time when socialising is almost sacred. | Video
ALGIERS/CAIRO/JAKARTA, April 20 Days before the
holy fasting month of Ramadan begins, the Islamic world is
grappling with an untimely paradox of the new coronavirus
pandemic: enforced separation at a time when socialising is
ALGIERS, April 19 OPEC member Algeria's gross
domestic product grew 0.8% in 2019, down from 1.4% the previous
year and far below the government's initial forecast, the
government said on Sunday, after a poor performance in the
energy sector and mass public protests.
ALGIERS, April 7 Algerian banks will defer or
reschedule loan payments for firms which have been financially
affected by the coronavirus crisis, the country's central bank
said on Tuesday.
ALGIERS Algeria has banned street protests over the coronavirus, President Abdelmadjid Tebboune said on Tuesday, in a bid to end a year of unprecedented mass demonstrations that brought down the veteran president and convulsed the state.
ALGIERS Algeria's government has canceled political gatherings because of the coronavirus, it said on Tuesday, though it was not immediately clear if this would entail a ban on the mass protests that have convulsed the state for more than a year.
ALGIERS Plunging oil prices have increased the urgency for Algeria to reform its economy, politicians and business leaders said on Monday.