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Stock markets in the Asia-Pacific region have registered sharp falls,
tracking losses on Wall Street as a raft of warnings from policy-makers cautioned against expectations of a rapid rebound
in the global economy.
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Oil prices also fell, with US crude dipping below $67 a barrel in Asian
trade, down $6 from an eight-month high reached on June 11.
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The latest losses come after the World Bank gave a gloomy outlook for the
global economy, forecasting a contraction of 2.9 per cent, considerably worse than a previous forecast of a 1.7 per cent downturn.
China outlook 'grim'
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On Tuesday, the deputy head of China's central bank added to the cautionary
tone, saying that while China's economy was heading in the right direction, the foundations of recovery are not yet solid.
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"The overall situation is stabilising and moving in the right direction,"
Su Ning, vice-governor of the People's Bank of China, told reporters in Beijing, but he said that concerns remains about the
"grim" international environment for Chinese exporters.
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With companies and consumers still reluctant to spend, China and other
export-dependent Asian economies are continuing to face uncertain times.
'Correction beginning'
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"The markets have been overbought, and now the correction is beginning,"
Peter Lai, investment manager at DBS Vickers in Hong Kong, told the Associated Press.
Algeria News
| Economics |
| By :Zahir Serrai * |
| Sunday, 17 May 2009 16:34 |
|
Algeria's market of 35 million inhabitants, energy wealth, and growing demands for modern infrastructure have generated
interest from governments and companies around the world. |
| Read more... | | |
May 01.2009
|
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Foreign companies reconsider Investment in Algeria
… a trip from ‘no problem’ to ‘unfortunately’
Echoes of the business spheres in Algeria indicates that future of Arab and foreign investors
in Algeria, are still being examined by their legal advisors, and that the final decisions are ready and needs no green light
from the public authorities to take shape to immediately take shape. The first decision is ‘all
the way back home’, the second is ‘enough is enough’ the third and last
one ‘shifting capitals to the neighbouring Libya’.
From a strict economic point of view, Algeria has experienced a financial strait, and in order
to face up to the debts rescheduling spectrum, it resorted to tempting other important investing groups notably the Arab ones
to come rescue the national resources falling apart. Some eye witnesses revealed that the Algerian high ranking officials
and ministers’ stands have become part of jokes told by foreign businessmen. Such as: ‘the Algerian official would
offer you heaven saying (no problem), i.e. don’t worry there is no problem, yet a month after the meeting he wouldn’t
mind telling you regretfully (unfortunately).”
The last information we whish it would be right, points out that most of investors have made
up their minds, having reconsidered their plans, they are set to leave just ‘gracefully’, to save the honour
of the friends who lured them into this place’. |
From Gulf Partners

Good News for the National Community abroad
Air Algérie and CNAN to reduce prices of transport
Thousands of Algerian immigrants, living particularly in France were surprised early this week because the price
of tickets remain the same after the Minister of National Solidarity and Algerian community abroad did not apply the reductions
it announced few days ago, after the convention signed with the national company of the maritime transport and Air Algérie.
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In the same context, Othman Ajride, manager of the sales in the commercial
department of Air Algérie **The study is still ongoing in order to determine the new prices to be introduced
he said**. We must complete all the measures before the application of new procedures agreed upon with the Ministry
of the national solidarity.
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For its part, Belbal Aldjia, in charge of information
at the Ministry of solidarity, said that the necessary measures to complete the procedures are incomplete with the concerned
companies, as well as the activation of the foreign affairs services and administration and the ministry of solidarity.
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“The launching of the new measures’
application will begin next June. Work is under way at the level of consular services in order to complete the practical
actions and apply the convention. The new reductions will include, according to the agreement, granting the privilege for
everyone, particularly those who receive weak wages, elderly people and people who have no cars”, she added.
We recognize that the greatest challenge of tomorrow
is to continually meet with a high level of customer expectation for quality and value in our services and products. We
face this challenge with a commitment to continually improve the quality of our services, our products and relationships with
our business partners around the world
ABBC.Ltd -Team

For those who see far, Nothern African
countries are near...
Algerian British Business connects;
Ltd. has been established over many years in Germany and actually in the United Kingdom. Our Team, specialised in
the supply of personal Investment, offering real innovative solution to modern business with service level second to none
has made ABBC the leading for industrial Investment. Our company is completely independent and works directly within
the private sector. Some of the real ways in which we are able to exceed our customer’s expectations are listed here.
Contact us for more information.
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We develop and maintain knowledge
of care businesses
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We provide support and advice
on Investments in Union of Arab Maghreb countries (UMA), and in the Middle East.
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We assess the Investors in order
to place them in appropriate Industries
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We offer excellent standard facilities
to prepare the Investors and their investments funds abroad
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We negotiate to establish your company wherever
you want.
We are looking for to offer our customers many opportunities to promote their business around the Union of the
Arab-Maghreb Union (UMA), Middle East and especially Algeria, where they could be sure to find the best partners. We
use our expert-knowledge experience, private relations and contacts to ensure our customers (Investors) Gain, Satisfaction
without bureaucracy in developing their business in all industries.
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to make trading easier. Designed to help you get the information you need about your stocks, when you need it, our
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