Algeria records trade surplus
Algeria recorded a trade surplus of US$14.83 billion during the first 11 months of 2010 against US$4.86 billion for the same period last year, the Arabic finance and investment portal www.nuqudy.com has reported. The Algerian Centre for Information and Statistics Directorate attributed this increase to higher fuel revenues due to the high price of a an oil barrel and also to the slight decrease in imports of non-food consumer materials.
The Centre said that the Algerian exports rose by 26.78 percent during the period from January to November and amounted to US$51.27 billion against US$40.44 billion during the same period last year. Meanwhile, imports grew by 1.89 percent to US$36.43 billion against US$ 35.76 dollars last year.
- Shoura Council: Expats cannot buy property in Mecca, Medina, Riyadh
- Tensions increase between Egypt, Italy over renewable energy projects
- In wake of failed coup, Turkey shuts down all Gulen-linked businesses
- Saudis, Jordanians top the list of Arab property buyers in Dubai
- Mandatory health insurance required for Dubai residents