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Algeria

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.
  • Algeria signs gas field deal with oil giant ExxonMobil

    Algiers, Algeria - Algeria's state oil company announced Thursday it signed a memorandum with ExxonMobil to develop two gas fields, a move an analyst called "a big step" for the country's energy ambitions.The two companies plan to "study the existing opportunities to develop the hydrocarbon resources in the Ahnet basin and...
  • Algeria severs diplomatic ties with Morocco

    Algeria blamed the Moroccan support for one of the groups which seeks autonomy in Algeria's Kabylie region
  • Russia may supply 120kt wheat to Algeria soon

    Russia, the largest exporter of wheat in the world, has been looking to enter the market for quite some time.
  • Most forest fires under control: Algerian authorities

    Algeria is Africa’s biggest country by surface area, and although much of the interior is desert, the north has over four million hectares of forest, which is hit every summer by fires. Last year some 44,000 hectares went up in flames. Firefighters were still struggling on Sunday to put out...
  • France’s 1960s nuclear tests in Algeria still poison ties

    Between 1960 and 1966, France conducted 17 atmospheric or underground nuclear tests deep in the Sahara desert of Algeria.
  • Algeria to manufacture Chinese Sinovac vaccine

    Even as Sinovac will become the second Covid-19 vaccine to be manufactured locally in the country, only 10 percent of the 44 million population has been inoculated in nearly six months of the vaccination drive.
  • Consultations begin to form new Algeria govt after polls

    23 percent turnout seen as a sign of Algerians’ disillusionment with the political class  FLN secures 98 of 407 seats in the parliament  Algerian President Abdelmadjid Tebboune on Saturday began consultations for the formation of a new government, a statement from his office said, following a parliamentary election marked by...
  • Algeria cancels France 24’s operating license

    Authorities had given the channel a final warning on March 13, over its "coverage of Friday marches"  Reporters Without Borders (RSF) has ranked Algeria 146 out of 180 countries  in its 2020 World Press Freedom Index Algeria canceled the accreditation of France 24, the communications ministry said Sunday, a day...
  • Equinor partners with Algeria’s Sonatrach for oil, gas exploration

    *MoU includes possible cooperation in greenhouse gas emissions, carbon management *Equinor involved in the development and production of two gas fields in Algeria Norwegian energy giant Equinor has partnered with Algeria’s state-owned oil company Sonatrach to examine cooperation in global oil and gas exploration and production. The memorandum of understanding...
  • Egypt, Algeria seek to establish business councils for small enterprises

    Councils will facilitate exchange visits of small enterprises owners in both countries Youth-driven growth of small enterprises thrust of Algeria-Egypt cooperation, says minister Dhiyafat Algeria and Egypt are looking at the possibility of establishing business councils for small enterprises in the two countries and at the same time working for...
  • Algeria’s efforts to revitalize and boost mining sector

    In its economic diversification strategy, the Algerian government gives the industrial sector a very high priority, particularly with regard to the mining industry. According to the figures released by the National Agency of Investment Development (ANDI), the overall industrial domain benefited from 88.32 percent of the domestic and foreign investment...