Wednesday 23 April 2014
 
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Algeria

Drake and Scull wins $40m Algeria contract

Dubai construction firm Drake and Scull International has won a 147 million UAE dirham ($40 million) project to build a mixed-use development in the capital of Algeria, the company said on Wednesday. Drake and Scull will undertake

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ABC Algeria wins Global Finance award

New York-based Global Finance magazine has named the Arab Banking Corporation-Algeria (ABCA) as the "Best Emerging Markets Bank in Algeria" for 2014. ABCA is a subsidiary of the Bahrain-based Arab Banking Corporation Gro

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Bouteflika camp claims poll win in Algeria

Algerian President Abdelaziz Bouteflika looked set to win a fourth term with allies claiming victory in an election, despite questions over his health and his rare appearances since suffering a stroke in 2013. Official results wer

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Al Baraka sees Algerian unit's assets grow

Al Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group (ABG), achieved good financial results, growth in businesses and expansion in branch network last year. The bank's assets grew by six per cent to rea

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Dutch firm wins Algeria interior ministry order

Netherlands-based IAI industrial systems said it has won a new order from the Algerian Ministry of the Interior for supply of passport personalisation systems. The Algerian Ministry of the Interior has ordered two IAI BookMaster O

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Equity firm buys into Algerian Pepsi bottler

Africa-focused investor Emerging Capital Partners (ECP) said it is buying 33 per cent of Atlas Bottling Corp, an Algerian firm which bottles PepsiCo Inc's drinks. ECP is buying the stake from Group Mehri, a prominent Algerian

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Algeria's giant LNG plant to start up this year

Algeria will start up a new plant to liquefy natural gas (LNG) this year, with a annual capacity of 6 billion cubic metres, Energy and Mines Minister Youcef Yousfi told a state news agency. The Opec member and gas producer, which

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Samsung Engineering wins Algeria gas project

Samsung Engineering Co has won the contract to build the Algeria Timimoun Field Development project worth $800 million. The company signed the contract with Groupement Timimoun (GTIM), a joint venture between Sonatrach, Total and

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103 killed in Algeria military transport plane crash

A military transport plane crashed in eastern Algeria on Tuesday, killing 103 people, the private Ennahar TV station said, citing "informed sources". The plane crashed in a mountainous area in the Oum El Bouaghi province

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Ooredoo rolls out 3G network in Algeria

Ooredoo, Qatar’s leading telecom company, has announced the launch of the first commercial 3G network in Algeria. Within hours of receiving final regulatory approval, Ooredoo Algeria (formerly known as Nedjma) launched comme

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