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Algeria

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Posted: 07-03-2008
ALGERIA. The Algerian government plans to privatise Algérie Telecom in the first half of the year, Communications Minister Boudjema Haichour said this week.The Minister stressed, however, that the state would maintain a majority stake in the firm. The government is seeking to partner with a foreign company in order to bring more technological added value. Companies interested in the estimated US$3 billion deal include Etisalat, France Telecom, Telefonica, Portugal Telecom and Deutsche Telecom. Algérie Telecom operates 3.5 million fixed lines, 4.0 million mobile lines and provides Intern
Posted: September 1, 2010
EGYPT. ASEC Company for Mining - ASCOM announced today that it has made material progress at its gold concessions in Ethiopia, Sudan and Algeria.
Posted: August 13, 2010
INTERNATIONAL. KnowledgeView will provide MSG with Web-mobile, iPad and iPhone native applications that will add value to users' experience with rich-media representation of news.
Posted: August 10, 2010
UAE. Overwhelming 67% of organisations in the MENA region likely to hire in a year's time, finds new research by Bayt.com and YouGov Siraj.
Posted: August 4, 2010
EGYPT. Mr. El Mahdi's presentation will take place in the special Algeria Focus Session, aimed at encouraging debate and innovation around issues affecting this complex market
Posted: July 30, 2010
INTERNATIONAL. These markets have been growing at a CAGR of 20% during 2007-2009 and are expected to continue growing at a CAGR of around 7% over the next five years.
Posted: July 23, 2010
ALFERIA. Algeria telecommunications minister says "nothing will be decided" until experts have completed a valuation of the unit, which the Algerian state is planning to buy.
Posted: May 28, 2010
INTERNATIONAL. The question is now for MTN to decide whether or not the other assets of Orascom are attractive enough to pursue the deal.
Posted: April 25, 2010
ALGERIA. The contract provides the framework for the two companies to work together with a high degree of efficiency, streamlining our work processes and creating a platform.
Posted: February 14, 2010
UAE. Aabar will consider investing in a UAE-based industrial joint venture and an Algerian venture for the production of vehicles.
Posted: February 2, 2010
UAE. Bridgestone Middle East and Africa FZE has said that it has maintained a steady growth in 2009, despite tougher market conditions by continuously expanding its reach in the region.
Posted: November 8, 2009
INTERNATIONAL. More than half of the region's employers, 52%, are planning to recruit over the next few months, as the region picks up following the global economic downturn, reveals Bayt.com, YouGov Siraj survey.
Posted: October 11, 2009
UAE. Oil exporters in the Middle East and North Africa region are expected to increase their international reserve positions by over US$100 billion in 2010 as oil prices rebound, the IMF said on Sunday.
Posted: October 4, 2009
INTERNATIONAl. Residents across the Middle East are feeling a marked improvement in economic conditions, according to the latest Bayt.com YouGov survey.
Posted: August 10, 2009
UAE. UAE investment firm Aabar is setting up vehicle and engine manufacturing plants in Algeria with five German firms, including affiliate Daimler.
Posted: July 20, 2009
The International Finance Corporation announced that it is investing US$24 million in ASEC Algeria for the construction of a new cement plant that will create 600 direct and 800 indirect jobs, increase private-sector involvement in the cement sector.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.