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  • Algeria's Tebboune re-elected with 94.65% of vote: election authority

    "Out of 5,630,000 voters recorded, 5,320,000 voted for the independent candidate Abdelmadjid Tebboune, accounting for 94.65 percent of the vote," ANIE head Mohamed Charfi told reporters in the capital Algiers.

  • Paris Olympics: Algeria's Imane Khelif wins gold, defeats China's Yang Liu in women's Welterweight

    Khelif, 25, claimed a unanimous points decision win over Liu in the final for her first Olympic medal.

  • Flyers criticised for leaving garbage in aisle, trashing plane: 'Put them on no-fly list’

    Calls are being made to identify and penalise the passengers who left their airplane in a sorry state, with garbage littering the aisle and empty water bottles scattered around their seats.

  • Viral video: Cat climbs onto sheikh leading Ramadan prayers

    The internet is all hearts for a video that shows a cat jumping onto a sheikh’s shoulder during nightly Ramadan prayers in Algeria.

  • L&T Hydrocarbon bags over Rs 7,000 cr order from Algeria's Sonatrach

    While the company did not disclose the value of the contract, it said it has bagged a mega order from Sonatrach and defined orders valued in excess of Rs 7,000 crore as mega orders.

  • Saudi crown prince Mohammed bin Salman arrives in Algeria

    Before the summit, the heir to the throne of the world's top oil exporter had visited the United Arab Emirates, Bahrain, Egypt and Tunisia.

  • Algeria exercises complete internet shutdown during high school exams to flunk cheating attempts

    The Algerian government has decided to go all out this time to avoid an incident like 2016 when question papers were leaked online.

  • 257 dead in Algeria military plane crash: official

    The dead include the plane's 10 crew and 247 passengers, most of them members of the armed forces.

  • JSW Steel in talks with Cevital to acquire mill for $100 mn

    The private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini. The Algerian conglomerate Cevital however acquired Lucchini and renamed the it Acciaierie e Ferriere di Piombino (Aferpi).

  • OPEC agrees to cut output by almost 1.2 bpd: Sources

    Abhishek Deshpande, oil market expert at Natixis says that a cut will be a positive news from the OPEC. A cut, if it actually comes, could also lead to non-OPEC countries cutting output.

  • India keen to set up a mega fertiliser plant in Algeria

    A preliminary meeting on the issue was held here today between Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya and Algerian Minister of Industry and Mining Abdessalem Bouchouareb.

  • All eyes on OPEC's Nov meet; expect floor for crude: Platts

    Till the final decision on November 30 meeting, one could expect to find a floor for crude oil prices, said Mriganka Jaipuriyar, Associate Editorial Director, Platts.

  • OPEC oil deal doesn't change our price outlook: Goldman Sachs

    Goldman said in a note to investors that it was sticking with its forecasts for WTI at USD 43 a barrel for the end of this year and USD 53 a barrel in 2017. The investment bank had cut its year-end forecast this week from USD 50 a barrel.

  • OPEC meet in Algeria to be an informal one: Expert

    Statements made by nations like Saudi Arabia has added more gunpowder to the already clueless crude oil market, which is evident from the rapidly fluctuating oil prices over the last few days.

  • Small army of Fed speakers, OPEC on tap for Wednesday

    Fed Chair Janet Yellen appears before the House Financial Services Committee at 10 a.m. on supervision and regulation

  • Saudis, Iran dash hopes for OPEC oil deal in Algeria

    Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the group and non-member Russia were still trying to bridge differences between the kingdom and Tehran.

  • OPEC unlikely to clinch oil deal until November, says analysts

    OPEC members gather in Algiers for the International Energy Forum starting Monday and are expected to hold informal talks following the two-day event. Algeria's oil minister Nourredine Bouterfa has warned prices could drop back into the USD 30 per barrel range if officials walk away empty handed, but that appears to be the most realistic scenario.

  • Saudis offer oil cut for OPEC deal if Iran freezes output:Report

    The offer, which has yet to be accepted or rejected by Tehran, was made this month, the sources told Reuters on condition of anonymity.

  • Qatar says OPEC members will meet in Algeria in September

    Mohammed al-Sada, Qatar's energy minister, is the current president of the OPEC conference.

  • Highly unlikely OPEC will agree on output freeze: Citi

    If an output freeze were to come through, a bullish price reaction may be seen, says Chris Main, Commodities Strategy Analyst at Citi.

  • Oil hits 6-1/2-year low on China and oversupply

    Inaction by the Chinese government following an 11 percent rout in local stock markets last week encouraged a free-fall in global equities and other commodities on Monday.

  • Brent, US oil mark fresh 6-1/2-yr lows on China, oversupply

    Other commodities also hit fresh lows in early Asian trading as fears spread that a more severe slowdown in China would pull down other economies in the region, denting energy and raw material consumption.

  • Cyber attacks on India mostly from Pak, China: Govt

    Minister for Communications and Information Technology Ravi Shankar Prasad said attackers are compromising computer systems in different parts of the world and use masquerading techniques and hidden servers to hide the identity of actual systems from which the attacks are launched.

  • Fertilizer maker CF Industries to buy OCI assets for $6 bn

    The deal will increase CF's production capacity by about 65 percent over the next two years and help it better compete in a fragmented market.

  • Cipla to form JV with Biopharm SPA for respiratory products

    "The JV company will manufacture and market respiratory products facilitating Cipla's front-end presence in Algeria," it added. As per the agreement, Cipla's wholly owned subsidiary, Cipla (EU) Ltd, will hold a 40 percent stake in the JV company while the remainder will be held by a Biopharm-led Algerian consortium.

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