algeria controls economic situation despite oil revenues drop
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Prime Minister Abdelmalek Sellal:

Algeria controls economic situation despite oil revenues drop

Arab Today, arab today

Arab Today, arab today Algeria controls economic situation despite oil revenues drop

Prime Minister Abdelmalek Sellal
Algiers - XINHUA

The economic crisis hitting Algeria due to the shrink of oil revenues is under control, Prime Minister Abdelmalek Sellal said on Sunday.

"Algeria has been able to overcome the economic shock after the drop of oil prices in July 2014, as we have managed to safeguard national stability, and the country is doing well," the prime minister told reporters at the kick-off of the 17th International Tourism Fair of Algiers.

Sellal said Algeria is continuing its "clear" economic policy, stressing that the country is on the right track.

"The drop in oil prices served our nation, as it gave us an opportunity to diversify the economy," he said, adding that some 24,000 new private firms have been established during the last three years, or 70 percent of what have been created during the last decade.

Sellal said the government rejects any interference in its internal affairs, saying "we are bind to continue maintaining our national unity and stability, and our state institutions."

Hydrocarbons account for about 93.5 percent of the North African nation's total exports. It explicitly shows the full dependence of the nation on oil revenues to support national economy.

The Algerian government says it has established a new economic model for the period 2016-2019, which would enable the nation to gradually shift towards industrialization.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

algeria controls economic situation despite oil revenues drop algeria controls economic situation despite oil revenues drop

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

algeria controls economic situation despite oil revenues drop algeria controls economic situation despite oil revenues drop

 



GMT 10:10 2017 Thursday ,09 February

3 Important Elements You Have to Consider

GMT 04:03 2017 Monday ,24 April

Bella Hadid ‘dying’ to visit Palestine

GMT 19:25 2016 Wednesday ,25 May

The Brooklyn Desk by Oeuf NYC

GMT 07:49 2018 Friday ,05 January

2 Russian servicemen killed

GMT 07:58 2018 Monday ,01 January

Italy orders N. Korea's envoy to leave

GMT 08:45 2017 Wednesday ,20 December

US military imagines war without GPS

GMT 17:26 2017 Sunday ,17 December

Putin thanks Trump for help in foiling attack plot

GMT 22:19 2017 Monday ,16 October

Cairo-hosted Fatwa conf. new contribution

GMT 02:27 2016 Friday ,10 June

Video hints Japan abetting illegal ivory trade

GMT 07:04 2017 Wednesday ,19 April

1,883 Bahrainis found jobs in March

GMT 14:24 2016 Tuesday ,22 November

Citi and JPMorgan top list of ‘globally banks’
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday