Algeria: Energy: Algeria, contracts for Schlumberger and Halliburton

Algeria banks to finance 12-bn-euro housing build

2013/05/21 Credit populaire d'Algerie, designated as lead bank in the transaction, signed an agreement on Sunday with the National Company of Real Estate Promotion (ENPI) to finance the construction of additional than 150,000 housing units, APS news agency quoted CPA chairman Mohamed Djellab as saying. An extra accord was inked at the end of April with the National Agency for Housing Development and Improvment(AADL) to finance the building of 100,000 public housing units, the agency said.

Algeria plans to build its 1st nuclear plant in 2025

2013/05/21 "We plan to set up our prime nuclear power plant in 2025, and we are working on it," Yousfi was quoted as saying in a press conference in capital Algiers. Algeria's 29,000-ton uranium reserves are enough to launch two nuclear power plants with a capacity of 1,000 megawatts each for a period of 60 years, the minister said. 

Mideast Issues High On IMF Agenda

2013/05/07 The challenges facing Arab nations in transition -Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-were a focal point for policymakers during the 2013 IMF-World Bank Spring Meetings in Washington last week. The meetings brought together ministers and top officials inclunding representatives of civil society, media, academia, and the private sector from amount over the world to discuss the critical issues facing the world economy, with Middle East issues high on the schedule. Along with discussions with country delegations, IMF officials participated in regional and world forums with a focus on the Middle East and North Africa (MENA).

Trade Reforms and Poverty Reduction in Arab Countries

2013/05/06 A new partnership announced today between the United Nations and the International Islamic Trade Finance Corporation (ITFC) seeks to fight poverty and create jobs through trade reforms in the Middle East and North Africa. "Today we find ourselves at a world turning point, with nations of the South increasingly driving world increase and making rapid evolution on poverty reduction and job creation," said the Associate Administrator of the UN Development Programme (UNDP), Rebeca Grynspan at an event in New York.