Algerian businessman
Algerian mogul Abderrahmane Benhamadi’s Condor sells Alver to French giant Castel Group
The sale is a strategic move to refocus the company on its core operations.
Algeria’s richest man Issad Rebrab moves to shut down French-speaking press company, Liberte
Rebrab is the founder and owner of Cevital, the country’s leading private group.
Algerian tycoon Ali Haddad, others forfeit assets worth $4.2 billion to gov’t in one month
Earlier, Haddad and other businessmen were sentenced to lengthy prison sentences in corruption trials.