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Global Race To Win The Gas Before Winter

Global Race To Win The Gas Before Winter
echoroukonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from echoroukonline.com Daily Mail and Mail on Sunday newspapers.

United States , Abderrahmane Aya , Abdelmadjid Tebboune , Daniele Rovanetti , President Abdelmadjid Tebboune ,

Algerian economy creaks at the seams after six months of turmoil

On the face of it, Algeria's state-dominated economy has weathered six months of turmoil well, with flightloads of public sector workers heading abroad for holidays even as protesters who ousted the v ....

Mourad Eulmi , El Watan , Abdelhak Lamiri , Abdelaziz Bouteflika , Houari Tigharsi , Ziad Loucif , Mohamed Loukal , Abderrahmane Aya , Ali Haddad , Djamila Tamazirt , Algiers University , North African , West Africa , Minister Djamila Tamazirt , Tahkout Manufacturing , Minister Mohamed Loukal ,

Algeria aims to save $20 billion through reforms, lower import spending

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ALGIERS (Reuters) - Algeria, under pressure to ease the impact on its public finances of a drop in oil and gas earnings, aims to save $20 billion this year through reforms and by lowering its imports bill, the government said on Monday.
The OPEC member has already cut public spending and postponed planned investment projects for 2020 in several sectors, including energy, which accounts for 60% of the state budget and 93% of total export revenues.
Failure to implement reforms aimed at diversifying the economy away from oil and gas means the North African country’s non-energy sector is still underdeveloped.
The government said in a statement that a cabinet meeting chaired by President Abdelmadjid Tebboune had discussed the need for urgent steps to reform the banking system and attract money from the informal market. Ministers also discussed reducing the cost of imports through measures including using the national fleet to ship imported goods. ....

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