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
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.
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.
INTERNATIONAl. Residents across the Middle East are feeling a marked improvement in economic conditions, according to the latest Bayt.com YouGov survey.
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.
ALGERIA. Sonatrach, Algeria's state-run oil and gas company, signed a contract with South Korea's Samsung Engineering to renovate the Skikda refinery in east Algeria.
UAE. Dubai-based Emaar Properties has closed its office in Algeria due to a lack of progress on its projects in the North African country, the company said on Saturday.
INTERNATIONAL. The Amesmessa gold mine in Algeria produced 3,447 ounces of gold and 657 ounces of silver, the mine's highest ever monthly gold production.
ALGERIA. South Korea has the means to help Algeria boost and diversify its economy, Algerian Foreign Minister Mourad Medelci said on Wednesday during a visit by a large government and business delegation.
ALGERIA. This latest gas field find, made in partnership with Royal Dutch Shell and Abu Dhabi's Liwa Energy, is the fifth in just the first quarter of 2009.
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.
INTERNATIONAL. Trend Micro survey reveals 14 % respondents have no confidence in their company's IT security, 57% of the regions business have actually had two or more virus attacks in the past six months alone.
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