News

Launching of the national loan for the financing of the economy

emprunt-600x338The Embassy of Algeria in London has the honour to inform the Algerian citizens, residents in the UK and Ireland, that the Ministry of Finance has issued a national loan to finance the economy. The subscription to these bonds is open to the public since April 17, 2016 and will not exceed six (06) months.

These bonds are valued at 50,000 dinars each with attached coupon payable every year.  The coupon rate is fixed according to the repayment period: 5% for 3 years bonds and 5.75% for 5 years bonds.

The coupon rate applicable in case of early repayment, is prorated accrued days after the last coupon payment.

These bonds can either be registered or bearer bonds at the investor’s option, and are freely negotiable instruments with a stated maturity date and coupon interest rate (bought and / or sold to individuals or legal entities).

The acquisition of those bonds can only be done through some institutions based in Algeria.

For more details, please visit the website of the Secretariat General of the Government to download the Journal Officiel de la Republique Algerienne, N°20, published on March 30th, 2016, by following the link below: http://www.joradp.dz/HFR/Index.htm

or visit the website of the Ministry ofFinance : http://www.mf.gov.dz/article/2/A-la-Une/618/Emprunt-National-pour-la-croissance-%C3%A9conomique.html

 


22nd May 2016: Algeria-UK Trade & Investment Forum in Algiers.

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The second “Algeria-UK Trade & Investment Forum” will take place on 22nd May 2016 in Algiers.

Organised by the company “Developing Markets Associates” (DMA), in partnership with UKTI and the FCO, this Forum is the highest-profile event on Algerian -British business relations, to date, and will focus on economic relations with the United Kingdom, with the aims to build on the success of the first UK-Algeria Trade & Investment Forum, held in December 2014 in London and attended by over 400 high-level representatives from both countries. 

The Forum will discuss opportunities for deepening and broadening the economic partnership between the UK and Algeria in priority sectors, including Financial Services, Energy, Hydrocarbons, ICT, Healthcare, Education and Manufacturing.

25th April 2016: Launching of the English translation of three of Ahlem Mosteghanemi’s novels

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The Algerian embassy, in partnership with the British publishing house Bloomsbury and Woman Arab of the year Awards, organised on Monday the 25th of April, in London (U.K.), the launching of the English version of Algerian novelist and poet, Ahlem Mosteghanemi’s trilogy: "The Bridge of Constantine" (Dakiratou El Jassed), "Chaos of Sens" (Fawdha El Haoues) et "The Dust of Promises" (Aber Sarrir). 


The ceremony was hosted by Regent’s University, in the presence of Ambassador Amar Abba, the director of Bloomsbury publishing house, Nigel Newton, the Vice-Chancellor of the university, Pr Aldwyn Cooper, as well as Arab Ambassadors accredited to London and journalists.


Speaking on this occasion, M. Abba underlined the importance of the translation as “a bridge between people,” adding that “art and culture are a rampart against extremism”.

Ahlem Mostghanemi’s contribution to literature was hailed many times through several awards in Algeria, in the Arab world and several European capitals.


18-20 January 2016 / Visit of the Minister of Education Nouria Benghabrit to London

 

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Minister of Education Nouria Benghabrit made a visit to London on the 18th of January to take part to the Education World Forum (EWF).

 

Mrs Benghabrit gave a keynote speech at the Forum, emphasizing the “vital necessity” of “mobilizing human resources and triggering its commitment to the educational cause”.

 

On the fringe of the Forum, the Minister had a meeting at the British council headquarters with the chief executive Ciaran Devane, on the prospect for consolidating the Algerian-British relations in Education, in particular, learning et teaching the English language.

The two parties "welcomed the quality of these relations”, underlining the importance of an "educational policy, which integrates in the school syllabuses, the spread of the universal values citizenship, tolerance and respect."

The discussion extended to the "stakes and challenges facing the school, so to meet the demands of globalization in an ever-changing international environment."

 

The Minister of Education visited the "British Educational Training and Technology" Show (BETT), which brought together hundreds of companies specializing in the invention and the production of educational tools and materials for Information and Communication Technologies. She visited thereafter schools to learn about the British experience in the field of education.

 

At the end of her stay, Mrs Benghabrit met Lord Risby, the British envoy in charge of the partnership with Algeria and M.Tobias Ellwood, Foreign Office Minister for Middle East and North Africa.

 

 


 

 


03rd  of December 2015:  Celebration of the 10th anniversary of the Algerian-British Business Council 

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The Algerian-British Business Council (ABBC), led by Lady Olga Maitland, celebrated on the 3rd of December 2015 in the House of Lords, the 10th anniversary of its creation, in the presence of Lord Risby, the Personal envoy of the Prime Minister , M.Tobias Ellwood, Minister for the Middle East and North Africa, M. Amar Abba, the Ambassador of Algeria, as well as many business leaders.

In their speeches, the speakers emphasized the good relations between the UK and Algeria and the qualitative leap that they recorded during this decade.

Ambassador Abba reaffirmed the government's determination to seize the new situation, caused by the fall of oil prices, both as a challenge and as an opportunity, sending, at this occasion a new message to British firms to favor investment and target sectors contributing to the diversification of our economy and the import substitution.