December 25, 2003
The Tunisian-Algerian company for White Cement (Sotacib) has been slated for privatization. An international tender was recently launched to select an investment bank to conduction the pre-privatizati
December 22, 2003
The first summit of five north African leaders in the Arab Maghreb Union in nearly a decade was cancelled at the last moment, apparently because of se
Algerian singer Fula denied circulating rumors about her being married to Lebanese Christian man after he converted to Islam
Prominent Lebanese singer Diana Haddad is currently reading a scenario of an Egyptian comedy film, for the possibility of accepting a leading role in it
Substantial progress has been achieved in stabilizing and restructuring Sudan’s economy, concluded the IMF in the recently published 2003 Article IV Consultation with the Arab State.
December 21, 2003
Israel has threatened to shoot down Egyptian drones spying on a nuclear facility and a ballistic missile site, <i>The Sunday Times</i> reported.
The European Commission has granted regulatory approval under the Merger Regulation to the proposed acquisition by Norwegian oil company Statoil of a stake in the In Salah joint venture, which is curr
December 18, 2003
Morocco's King Mohammed VI "is firmly committed to edification of the Maghreb Union (UMA)," said on Tuesday Algerian foreign minister, Abdelaziz Belkh
Syria's Interior Minister, Ali Hammoud, said Wednesday that security forces were pursuing and searching for suspects with links to the bombing attacks
Finland’s Metso Paper will supply a tissue making line, including a de-inking plant to SARL Ouate-Industries in Algeria. The value of the order is approximately €36 million.
Dolphin Energy of the United Arab Emirates (UAE) expects to sign a deal in the next 12 months with regional and local banks to finance its gulf gas project, reported OAB-IMG Research . The Dolphin G
December 17, 2003
Swedish-Swiss power group ABB has won an order worth $31 million to install two power distribution substations in Algeria. The contract, signed with Société Algérienne de l’Electricité et du Gaz, is d
Denmark’s Ramboll Energy has secured a design contract for the onshore facilities of the Medgaz project, a new submarine pipeline between Algeria and Spain. The 200-kilometer offshore pipeline will be
SHUAA Capital has arranged the purchase of a stake equal to 5.7 percent of Emaar Properties on behalf of Kuwaiti investors. The transaction is valued at 375 million Emirati dirhams based on the latest
December 16, 2003
The 7th Arab Maghreb Union (AMU) Summit has been scheduled for December 23-24 in Algiers. The summit will be preceded by the meeting of senior officia