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News of Algeria
Orascom Telecom Says Not Notified Of Djezzy Talks Stoppage
Orascom Telecom Holding S.A.E. (ORTE.CA) announced on Thursday that the firm has not been notified of the stoppage of the negotiations between Russian VimpelCom and the Algerian government over the OT's unit in Algeria Orascom Telecom Algerie (OTA) ‘Djezzy', as well as of the launch of the 3G (...)

09 - 05 - 2013
Conscience Front supports judicial amendments
The Conscience Front announced on Saturday their support to amend the Judiciary Law, currently being discussed by the Shura Council. The announcement came during a press conference held at the house of former Egyptian ambassador to Algeria and front member, Ibrahim Yousry where several figures of (...)

27 - 04 - 2013
Fans riot after Ismaily's elimination from Arab Cup
Ismaily's winning campaign in the Arab Cup came to a dramatic close Tuesday when Egypt's representative in the regional tournament lost 4-3 on penalties to Algerian outfit USMA in the second leg of the competition's semi-finals. The Derviches, who clinched a 0-0 draw in the first leg in Algeria two (...)

02 - 04 - 2013
Algeria Allows Djezzy To Transfer Profits Abroad, Import SIMs & Equipment
The Algerian Government decided to lift sanctions over mobile operator Djezzy which would allow the company to import equipment SIM cards and transfer profits abroad, Algerian Al-Fadjr newspaper reported. Bank of Algeria and Ministry of Finance sent more than 10 official notes to Algerian (...)

21 - 03 - 2013
Ismaily beat Algeria's CR Belouizdad on penalties to reach Arab Cup semis
Ismaily, Egypt's sole representative in the Arab UAFA Cup, reached the competition's final after defeating CR Belouizdad 4-1 on penalties on Wednesday. Ismaily, who held the Algerian side to a 1-1 draw in Algeria two weeks ago, opened the scoring after 14 minutes via a goal from Amr El-Soulaya but (...)

27 - 02 - 2013
Ismaily Make It Four Wins Out Of Four To Go Joint Top Of League Group
Ismaily struck late to secure a 1-0 victory over Ittihad El-Shorta in a rescheduled Egyptian Premier League game to go joint top of Group B. Striker Ahmed Ali scored the winner two minutes from time with a close-range effort as Ismaily maintained their perfect start to the season. "Today's win will (...)

23 - 02 - 2013
Ismaily close on Arab Cup semis after draw in Algeria
Egypt's sole representative in the Arab UAFA Cup, Ismaily, gained a first-leg advantage in the tournament's quarter-finals after holding CR Belouizdad to a 1-1 draw in Algeria on Tuesday. Forward Omar Gamal gave Ismaily the lead in the 53rd minute after a fine pass from striker Ahmed Aly, but the (...)

12 - 02 - 2013
CAN 2013: Algeria v Ivory Coast starting line-ups
Algeria: 23-Rais Mbolhi; 2-Mehdi Mostefa, 4-Essaid Belkalem, 5-Rafik Halliche, 6-Djamel Mesbah; 8-Medhi Lacen, 17-Adlene Guedioura, 15-Hilal Soudani, 7-Ryad Boudebouz, 18-Khaled Lemmouchia, 9-Islam Slimani Ivory Coast: 16-Daniel Yeboah; 3-Arthur Boka, 4-Kolo Toure, 14-Ismael Traore, 20-Igor Lolo; (...)

30 - 01 - 2013
1st half: Algeria 0-0 Togo (CAN 2013)
Algeria: 23-Rais Mbolhi; 15-Hilal Soudani, 4-Essaid Belkalem, 5-Rafik Halliche, 6-Djamel Mesbah; 8-Medhi Lacen, 2-Mehdi Mostefa, 17-Adlene Guedioura, 14-Foued Kadir 10-Sofiane Feghouli; 9-Islam Slimani Togo: 16-Kossi Agassa; 5-Serge Akakpo, 2-Dare Nibombe, 7-Moustapha Salifou,21-Dakonam Djene; (...)

26 - 01 - 2013
Algeria inflation doubles in 2012
Inflation almost doubled in Algeria to 8.9 per cent on average in 2012 from 4.5 per cent in the previous year, official figures showed on Wednesday, well above government forecasts. The inflation rise stemmed mainly from higher food prices, which increased by 12.22 per cent, according to the data (...)

23 - 01 - 2013
Two French hostages leave Algeria after detention
French authorities are in contact with two French hostages who have left the desert gas facility in Algeria where they were being held by Islamist militants, France's Interior Minister Manuel Valls said on Friday. Thirty hostages and at least 11 of their captors were killed on Thursday when (...)

18 - 01 - 2013
Shura Council debates new elections law amid objections
Women vote during the second stage of parliamentary elections held in November 2011. (DNE/ Hassan Ibrahim) The Shura Council's legislative committee continued discussions Saturday on the draft elections law amid objections from the National Council for Women (NCW) and Coptic (...)

12 - 01 - 2013
Sawiris' Orascom Telecom Denies Launching Firm To Run Djezzy Under Algerian Control
Orascom Telecom Holding – recently branded as ‘Global Telecom Company' (ORTE.CA) - has refuted news about the inception of a new firm so as to run its unit Orascom Telecom Algerie (OTA) ‘Djezzy' under the control of the Algerian government. The Vice Chief Finance Offer Khalid Al Leithy said Orascom (...)

26 - 12 - 2012
OTMT's Med Cable Sold To Orascom Telecom At €12.3 Mln
Orascom Telecom Media and Technology Holding (OTMT.CA) announced on Sunday the completion of the negotiations with Orascom Telecom Holding (Global Telecom) (OTH) (ORTE.CA) to sell its entire stake in Med Cable, its fully owned subsidiary. OTMT added in a filling released Sunday that the two (...)

18 - 11 - 2012
IMF Forecasts 3.4% Growth Rate Of Algeria In 2013
A visiting International Monetary Fund (IMF) official said Sunday the organization expects a growth rate of 3.4 percent in Algeria in 2013. Zeine Ould Zeidane, who arrived in Algeria on Oct. 29, said in a statement that the IMF expects a 3.4-percent growth rate in Algeria next year, driven mostly (...)

12 - 11 - 2012
Egypt's foreign minister says Algeria agrees on Syria solution
Egyptian Foreign Minister Mohamed Kamel Amr said during his ongoing visit to Algeria that he agrees with his Algerian counterpart Mourad Medelci on the importance of resolving the ongoing Syrian conflict peacefully. Amr told Algeria's official news agency that his talks with Medlci focused on the (...)

23 - 10 - 2012
Algeria In Talks With Citadel Capital On ASEC Algeria Acquisition
The Algerian government said it has started negotiations with Citadel Capital (CCAP.CA) on acquiring a 49% stake in ASEC Algeria Cement, a subsidiary of ASEC Cement Holding (ACH), through right issue to increase the company's capital which worth $60 million. ASEC Algeria plans to establish a new (...)

19 - 09 - 2012
Algeria Appoints New PM After Months Of Delay
Algeria's president named Abdelmalek Sellal as the country's new prime minister on Monday, ending some political uncertainty almost four months after parliamentary elections. A new government was expected to be appointed immediately after the May 10 poll but a clash among decision makers delayed (...)

04 - 09 - 2012
Algeria's Boudebouz suffers racist abuse at home game
Algeria and FC Sochaux midfielder Ryad Boudebouz was fiercely attacked by home fans during last Saturday's 3-1 league defeat against Montpellier. The fans held a banner reading “Ryad leave” and Boudebouz also said that he suffered racist insults during the game. “When you hear ‘Leave you dirty (...)

03 - 09 - 2012
Algeria To Enlarge Power Capacity To Curb Summer Unrest
Algeria will almost double its capacity to generate electricity to meet growing domestic demand, its energy and mines minister said in comments broadcast on Wednesday, as the government seeks to curb unrest after power cuts sparked violent protests. Power production capacity will increase by 8,000 (...)

09 - 08 - 2012
Algeria Mulls Officially Throw Over Djezzy Purchase: Sources
Close sources from the Algerian Finance Ministry revealed that the government is about to officially throw over the purchase of Orascom Telecom Algeria (OTA) “Djezzy" after two years of fierce dispute with Orascom Telecom Holding - OTH (ORTE.CA) owner Egyptian billionaire Naguib Sawiris, according (...)

06 - 08 - 2012
More oil and gas in discovered in Algeria: E.ON
E.ON AG and Algerian state energy firm Sonatrach have made further oil and gas discoveries in the Rhourde Yacoub license area in Algeria, E.ON said on Tuesday. The Rhourde Yacoub license is operated by E.ON E&P with an equity share of 49 per cent, while Sonatrach holds the majority of 51 per (...)

17 - 07 - 2012
Algeria's Sonatrach in talks with Shell, ExxonMobil on shale gas
Algeria has started talks with Royal Dutch Shell and ExxonMobil on shale gas exploration in the North African country, the head of state energy firm Sonatrach said on Wednesday. Italy's Eni last year signed an agreement with Sonatrach to help carry out shale gas exploration. "We are in talks with (...)

12 - 07 - 2012
OT Sees Fine of $1.3 Bln Against Djezzy
Orascom Telecom Holding (OTH) (ORTE.CA) expects the issue of a $1.3 billion fine levied by authorities against its Algerian unit to be settled by the end of the year, and does not see the need to set aside any cash for the penalty as the allegations of foreign exchange breaches are groundless. CEO (...)

07 - 06 - 2012
Algeria to invest $80 billion in refining and petrochemicals over 5 years
Algerian state energy company Sonatrach plans to increase its investment to $80 billion over the next five years as the OPEC member country seeks to expand its gas resource base and boost its refining and petrochemical capacity. The planned investment is $12 billion more than previously (...)

06 - 06 - 2012
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