Top Algeria News

Algeria's Sonatrach announces three oil discoveries

The Algerian government-run oil company Sonatrach announced three new oil discoveries in the southern desert areas. KUNA (Kuwait News Agency) - 05Aug 09:36GMT
Yemen and Algeria sign 13 cooperation agreements

Meetings of the 9th round of the Yemeni-Algerian Ministerial Committee (YAMJC) concluded on Monday in the Algerian capital, Algiers, co-chaired by both countries' higher education ministers. Yemen Observer - 03Aug 12:51GMT
Zain expands Across Middle East and Africa

Zain Group, a Bahrain-headquartered leading telecommunications mobile operator servicing over 50 million customers in 22 countries across the Middle East and Africa, has announced the creation of the world's first cross-continental borderless network, extending and linking its 'One Network' service between Africa and the Middle East. Bahrain Tribune - 03Aug 07:50GMT
Airports in ME & Africa Passengers' Growth Rate At 13%

Worldwide passenger growth at airports was just two per cent in June. Still, Middle East and Africa saw a growth rate of 13 per cent, while Europe grew 2.4 per cent. " Gulf News - 01Aug 03:45GMT
France Telecom Tie-up With Algerian Incumbent Unlikely

The Algerian government is against a tie-up between telecommunications giant France Telecom (FTE) and the domestic incumbent Djezzy, a subsidiary of Egyptian conglomerate Orascom, La Tribune reports Thursday. Dow Jones Newswires - 31Jul 06:37GMT
Dubai Most Transparent Realty Market: JLL Report

Jones Lang LaSalle, the world's leading real estate investment and advisory firm released the Real Estate Transparency Report 2008, for the MENA region in which it stated that Dubai is the most transparent market in MENA, Bahrain and Abu Dhabi next most transparent market. Press Release - 28Jul 11:27GMT
Saipem Gets Algeria LNG Contract

Saipem SpA, Italy's biggest oil services company by market value, said it has received a new contract worth about EUR2.8 billion for an onshore liquefied natural gas project in Algeria. Dow Jones Newswires - 28Jul 10:41GMT
Suicide bomber on motorbike injures 13 soldiers in Algeria: media

A suicide bomber on a motorbike blew himself up and injured 13 Algerian soldiers in an attack in Lakhdaria, 70 kilometres (45 miles) east of Algiers, newspapers reported Thursday. AFP - 24Jul 10:33GMT
40% Of Hotel Projects May Not Meet 2015 Deadline

Many of the proposed hotel projects in the Middle East and North Africa (Mena) region will either be delayed or abandoned altogether like other sectors of the real estate market, a new report has revealed. Emirates Business 24/7 - 21Jul 04:32GMT
Iran, Algeria keen to increase trade ties

The Islamic Republic of Iran is ready to expand bilateral ties with Algeria in the fields of trade and industry. IRNA - 15Jul 08:05GMT

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Islamic Finance
Needs- Based Advice
Despite the availability of a broad range of both conventional and Sharia-compliant Takaful life insurance products, a low penetration rate in Mena region suggests that this relatively unknown market is in need of a major awareness and education campaign.

Economy & Politics
Club Med
Grand talk and high diplomacy at the summit of the Mediterranean countries is very encouraging. At least it got Syria and Israel talking to each other.

Oil & Gas
Expanding Pipeline Network
Algeria is embarking on a $5.5bn upgrading and extension of its oil and gas pipeline network, as part of a huge expansion of its energy sector, under which national oil company Sonatrach is planning to invest $45bn along the entire length of the supply chain by 2012.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Number of Employees
1	Sonatrach	Algeria	120,000
2	Ministère des Finances - Algérie	Algeria	57,000
3	Société de Gestion des Participations Chimie et Pharmacie	Algeria	28,500
4	Sonelgaz	Algeria	28,346
5	Algérie Poste	Algeria	27,000
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