Middle-east Arab News Opinion | Asharq Al-awsat

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Algerian Prime Minister Ahmed Ouyahia. Reuters file photo

Algeria Mulling Wealth Tax to Cope with Financial Pressure

by Asharq Al-Awsat | Sep 29, 2017 | Business

London- Algerian Prime Minister Ahmed Ouyahia has told the parliament that the draft state budget for 2018 would include for the first time a wealth tax as part of measures aimed at securing new sources of finance after a sharp fall in energy earnings. State finances...

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Algerian Prime Minister Ahmed Ouyahia. (AP)

Algeria Turns to Islamic Banking to Resolve its Financial Crisis

by Asharq Al-Awsat | Sep 23, 2017 | Business

Algiers– Algeria will introduce Islamic financial services before 2018 as a way to cope with its financial crisis, announced Prime Minister Ahmed Ouyahia on Thursday. The services will be available at two state banks before the end of the year. Four others will adopt...

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Algeria Prime Minister Ahmed Ouyahia. (AFP)

Algerian Authorities Warn of Greater Social, Economic Hardships in 2018

by Asharq Al-Awsat | Sep 17, 2017 | Middle East

Algeria – The “work plan” of Prime Minister Ahmed Ouyahia is expected to garner wide support at parliament where it will be up for a vote on Sunday, predicted observers of the political situation in the North African country. The premier’s document acknowledges...

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AFP | An employee of the French car maker Renault group takes a picture during the inauguration of a new production plant in Algeria on November 10, 2014

Algeria: Exceptional Measures to Cover Budget Deficit

by Asharq Al-Awsat | Sep 8, 2017 | Business

London- Algeria’s government has approved draft amendments to a law aimed at securing new funding sources to cover budget deficits as it struggles to cope with a sharp fall in energy earnings. Amendments to the Money and Credit Law were endorsed at a cabinet meeting...

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Algerian President Abdelaziz Bouteflika. Asharq Al-Awsat

Algeria: Three Ministers Replaced in Cabinet Reshuffle

by Asharq Al-Awsat | Aug 18, 2017 | Middle East

Algiers- Algerian President Abdelaziz Bouteflika carried out a minor cabinet reshuffle on Thursday, only two days after dismissing the prime minister. The reshuffle included the appointment of Youcef Yousfi as minister for industry and mines, Mohamed Benmeradi as...