Facts, News, Trends, Analysis
Saudi Oil Minister Ali Maimi said OPEC will be shoring up falling prices when it meets on Dec 17th in Algeria. The price of crude stood at about $147 a barrel in mid-July; now it is trading in the range of $50-$60.
The collapse of oil price puts pressure on many of the OPEC countries, who [...]
King Abdullah has finally concluded a trip that included stops in Algeria, the United States and the United Kingdom.
In Algeria, the King met with President Abdelaziz Bouteflika. In this meeting, he reinforced his support to the country for fighting all kinds of terrorism and extremism. The two leaders also spoke about political development of the [...]
The Saudi Telecom Company (STC) is planning to pursue expansion into foreign markets, focusing mostly on North Africa. Currently STC is interested in a branch in Morocco, while continuing efforts into gaining control over the Algerian market, even though the privatization of Algerie Telecom has stalled. STC already has stakes in Turkish, Malaysian and South [...]
