News Maharishi in the World Today

How We Present
the News

Algeria says eight state firms to list on Bourse

Reuters    Translate This Article
8 November 2013

ALGIERS (Reuters) - Algeria's government has authorised eight state firms to list on the Algiers stock exchange, including telecommunications and cement companies in an attempt to diversify the over-regulated economy, state media said on Thursday.

Only four companies are now listed on OPEC producer Algeria's exchange, which lags those of Morocco and Tunisia with very low liquidity and restrictions in a state-dominated economy.

'This is a strong signal from the government to boost the economy and diversify the financial resources,' government-run newspaper El Moudjahid quoted the head of the Algerian capital markets authority, Abelhakim Berrah as saying.

Public companies rely heavily on state finances which depend on oil and gas export revenue.

Barrah told the newspaper the list included mobile telephone operator Mobilis, state bank Credit Populaire d'Algerie (CPA), insurance company CAAR, Cosider-Carriere, a subsidiary of construction firm Cosider, three cement plants and water company Hydro-Amenagement.

Also under the decision, Avenir Decoration will become the third private firm to list on the Algiers exchange.

A new law for the exchange, drafted with international experts, has been approved by the government and aims to ease procedures for companies wishing to list, with the goal of diversifying funding sources.

The head of the Algiers bourse last year told Reuters the government was soon planning reforms to allow foreigners to list on the exchange.

© Copyright 2013 Reuters

Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. 'Reuters' and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies. For additional information on other Reuters media services please visit

Every day Global Good News documents the rise of a better quality of life dawning in the world from good news reported by the press; and highlights the need for introducing Natural Law based-Total Knowledge based-programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.

Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Altavista babelfish)

Send Good News to Global Good News.

Your comments.

government news more

World News | Genetic Engineering | Education | Business | Health News

Search | Global News | Agriculture and Environmental News | Business News
Culture News | Education News | Government News | Health News
Science and Technology News | World Peace | Maharishi Programmes
Press Conferences | Transcendental Meditation | Celebration Calendars | Gifts
News by Country | News in Pictures | What's New | Modem/High Speed | RSS/XML