Edition:
United Kingdom

Hamid Ould Ahmed

Algeria aims to save $20 billion through reforms, lower import spending

13 Jul 2020

ALGIERS Algeria, under pressure to ease the impact on its public finances of a drop in oil and gas earnings, aims to save $20 billion this year through reforms and by lowering its imports bill, the government said on Monday.

Algeria plans fuel price rise, sees economy contracting 2.6% this year

15 May 2020

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.

Algeria leader vows to develop new resources beyond energy to ease economic crisis

02 May 2020

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.

Weary Algerians fear fresh economic turmoil as oil prices dive

21 Apr 2020

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.

In shadow of coronavirus, Muslims face a Ramadan like never before

20 Apr 2020

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

In shadow of coronavirus, Muslims face a Ramadan like never before

20 Apr 2020

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 almost sacred.

UPDATE 2-Algeria's GDP growth falls to 0.8% in 2019

19 Apr 2020

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.

UPDATE 1-Algerian banks to defer payments for coronavirus hit firms

07 Apr 2020

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.

Algeria bans street marches due to virus; some protesters unswayed

17 Mar 2020

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.

Racked by protests, Algeria bars political gatherings over virus

10 Mar 2020

ALGIERS Algeria's government has cancelled 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.

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