ALGIERS: After a three-year campaign against one of its biggest foreign investors chilled Algeria's business climate, the country is sending out tentative signals that it may be ready for a thaw.
A period of aggressive economic nationalism, (...)
ALGIERS: Two suicide bombers hit a military barracks in Algeria on Friday, killing 18 people in one of the deadliest attacks in the North African country in recent years.
The attackers arrived by motorbike near the entrance of the barracks in (...)
TRIPOLI: France's defense minister said it was time for Libya's rebels to negotiate with Muammar Qaddafi's government, signaling growing impatience with progress in the conflict.
Qaddafi's son, in an interview with an Algerian newspaper on (...)
ALGIERS: The Algerian government's valuation of Orascom Telecom's local mobile phone unit has been delayed because of a disagreement about disclosing company data, two telecoms sector sources told Reuters.
The valuation is the first step to the (...)
ALGIERS: A man has died after setting himself on fire at a government building in Algeria, state radio reported on Sunday, echoing the self-immolation that triggered the protests that toppled the leader of neighboring Tunisia.
Mohsen Bouterfif (...)
ALGIERS: The Algerian government is likely to make an offer to buy Orascom Telecom's local mobile phone unit by the middle of next year, Algerian government and telecoms sources said.
Orascom Telecom has over $3 billion of debt maturing between (...)
ALGIERS: Orascom Telecom must settle all its liabilities before Algeria concludes a deal to nationalize the Egyptian firm's local mobile phone unit, Algerian Prime Minister Ahmed Ouyahia said on Sunday.
Orascom Telecom has reluctantly agreed to (...)
ALGIERS: Algeria said on Monday it was seeking investment banks and consultancies to advise on a nationalisation of Djezzy, the local unit of Egyptian group Orascom Telecom and its biggest source of revenue.
Russian mobile phone operator (...)
ALGIERS: Algeria has dropped Orascom Telecom's adverts from all of the country's terrestrial television stations, a source with direct knowledge of the situation said, the latest move in a long-running dispute.
Egypt-based Orascom Telecom has (...)
CAIRO: Naguib Sawiris, chairman of Orascom Telecom, said his holding company Weather Investments was talking to telecoms group Vimpelcom about a merger and was open to talks with others, a newspaper reported.
This was the first time Sawiris has (...)
ALGIERS: Orascom Telecom's Algerian unit has been blocked from importing new mobile phone equipment due to an ongoing dispute with the Algerian government, a source who has dealings with the firm said.
Djezzy, the biggest single source of revenue (...)
ALGIERS: The Algerian government wants Egyptian group Orascom Telecom to relinquish ownership of Algeria s No. 1 mobile phone operator, government and finance industry sources said.
We don t want Orascom any more, said a senior government (...)