"Peugeot" continuous negotiations and concessions on the conditions for France

Minister of Industry and Mines Abdel-Salam said, Bushoarb, the Peugeot Algeria factory negotiations ongoing, where he met all shareholders last week at the headquarters of the ministry of the season in the file, explaining that he will announce a new file in a timely manner, pointing out that each party looking for his interests, and what matters Algeria is the completion of the plant according to Algerian conditions, without concessions to France.

The minister in reply to a question, "Sunrise" and added that negotiations are continuing between all parties who met a week ago, noting that the French party looking for his own benefit, but Algeria will be tough in the negotiations and will not allow any excesses in this regard.

He commented Bushoarb on the sidelines of the signing of two agreements yesterday between the "GT" cement plant Chinese trader "CNN BMI," it is not a relationship between Peugeot Algeria factory negotiations and the demobilization of the French Peugeot factory workers, in response to car dealerships critics of the book of conditions, and who see him behind the bankruptcy and layoffs workers that do not take responsibility for it, nothing to do with the book of what is happening in the market, and that it was the government must purge sector and organization, after the big mess which he lived.

He refuted Bushoarb totally possibility raised by his colleague in the government Bakhti Belaaab, when he talked about the possibility of a license for the import of used cars 3 years, asking, "How can you freeze the import of new cars to import old vehicles .. Valtrhan contradictory and unreasonable", adding that his ministry will not allow it under any circumstances.

The minister and optimism projects cement in Algeria, saying the government will achieve self-sufficiency in the end of the current year, to prevent the import beginning next January, and will begin later in the export abroad, and said that Bashar factory in partnership between the GT and the Chinese will raise production by 6 million tonnes, as well as other projects, like the expand Zhanh factory camp, which signed agreements yesterday with the Chinese complex, "CNN BMI."

He stressed Bushoarb, the Chinese need to accelerate the delivery of their projects, calling for investment in the field of iron as well, adding that the partnership between the two parties forged after a state visit by Prime Minister Abdelmalek Sellal, to China last year.

The increasing volume of trade between Nigeria and China to $ 13 billion

Said Chinese Ambassador to Nigeria, Qoxiao J., that the volume of trade exchange of his country with Nigeria exceeded $ 13 billion in 2015.
He Qoxiao Jie, China and Nigeria have enjoyed friendly relations 45 years ago, with the bilateral trade volume of $ 10 million in 1971, currently doubles by 100%.

He added that Nigeria has become one of the most important engineering engagements for China projects markets in Africa, it is also the second largest export to China market in Africa, and also the third largest trading partner and investment destination in Africa, stressing reach the volume of trade exchange between them more than $ 13 billion in 2015.

He explained that the cooperative projects such as the launch of satellites, and the construction of railways and the rapid development of free trade zones Lekki and Ogun, represents the true stories for practical cooperation between China and Nigeria.

The envoy expressed his confidence in the strengthening of relations between the two countries, pointing out that political cooperation and mutual trust and coordination in international affairs are the foundation of friendship.
A spokesman for the Nigerian presidency said Wednesday, Garba Shehu, said that the president, Mohammed Bukhari, would ask his Chinese counterpart, Hijin Ping, during a summit this week, funding for urgent projects, railway and electricity needed by his country strongly to diversify its economy, which was damaged as a result of falling oil prices.
The spokesman explained that Bukhara has already hinted that he wants to resume stalled projects for railways according to new conditions under which China will provide all the required funding, which could be up to about $ 20 billion.

The need roads, railways and power plants in Nigeria to reform even the largest oil producer in Africa can activate Bukhari plans to support agriculture and manufacturing.
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Oil prices jump to $ 50 for the first time this year

Oil prices leap is the first this year upon reaching $ 50 a barrel. This is attributed to the fires in Canada and the political situation in Venezuela, in addition to the unrest in Nigeria.

 Oil prices surpassed $ 50 a barrel Thursday for the first time this year. Oil prices have recovered in recent weeks due to lower Canadian supply due to fire, and the unrest in Nigeria, the largest oil exporter in Africa, and strikes in Venezuela.

 Canada's central bank has announced that the fires that swept through the country's western provinces, which is the main supplier of oil to the US market, will affect the country's production. Organization of Petroleum Exporting Countries "OPEC " called for Wednesday, oil-producing
.countries to freeze their production in order to improve the prices been falling since mid- 2014.

Organization of Petroleum Exporting Countries "OPEC " warned Wednesday of continued surplus in oil supply, this warning comes days after an important meeting in Doha Sunday between member states in and outside the organization before to discuss ways to freeze production to improve prices. The organization said in its report for the month of April / May , oil prices have risen more than 20% in the March / March , continuing its slow recovery after the collapse of prices between 2014 and 2015 , to the lowest level in more than 12 years.

She explained that it was due to expectations that during the Doha talks, which will take place Sunday to freeze production levels , and other factors , but it warned of the existence of " obstacles with the continued surplus in supplies and stocks ."

And it suffered all oil-producing countries and not only the organization 's 13 countries , the decline in oil prices by more than 60 % since mid- 2014 .

The reason for this collapse oversupply of oil , especially because of the dumping of shale oil producers Americans to rule the market .

She explained that it was due to expectations that during the Doha talks, which will take place Sunday to freeze production levels , and other factors , but it warned of the existence of " obstacles with the continued surplus in supplies and stocks ."

 And it suffered all oil-producing countries and not only the organization 's 13 countries , the decline in oil prices by more than 60 % since mid- 2014 . The reason for this collapse oversupply of oil , especially because of the dumping of shale oil producers Americans to rule the market .

Mahralvesad threatens world economy

The issue of corruption remains a dark cloud hang over every country in the world in spite of the difference in level to get out of China 's announcement important in the words of the highest authority for combating corruption in China, to about 300 thousand official , he has punished across the country , over the past year in 2015 ; because of corruption charges , vowing to to continue in the national campaign to cleanse and eliminate corruption .

Central Commission for control of the ruling Chinese Communist Party discipline and confirmed , in an official statement released on the official website , said that about 200 thousand of officials , received lighter sentences , and 82 thousand others have been punished with all severity .

It is worth mentioning that the Chinese Communist Party , issued at the end of last October , a new set of rules of behavior and discipline , prevent its members , who number about 88 million members , do any baseless comments about state policies . And divided the new rules that have been described as the most severe and comprehensive in the history of the party to the first two terms of clean government , and the second to penalties for those who violate the rules of discipline .

And begin the implementation of those rules , which relate to the policies and style of life and the ethics of members of the party in the early part of next year, and will be applied to all of the party members , not just the big cadres.

Under the new rules , it is prohibited for members of the party extravagance in all aspects of their lives , especially in the food and drink , and they must refrain from any relationship outside of marriage , and they are prohibited from obtaining the membership of any sports club or play golf . As well as the new rules prohibit the party on users , groups , or to be closed or centers of power circles , among them also asking them to completely abstain from any behavior in which the suspicion of favoritism or nepotism .

Record levels of US oil stocks put pressure on Alosarmojadda

The International Energy Agency announced today , that oil prices reached apparently minimized her, pointing to the improvement somewhat in recent weeks, but prices are still Mtdnah.utabat Agency in its monthly report that the consultations between the oil-producing countries , which will be held between the members of OPEC and outside In order to freeze production levels « it is a first attempt to carry out coordinated action » in the hope of raising the price of a barrel of oil to $ 50 , compared with the current price of $ 40 .
Oil prices squandered early gains with a rise in US crude inventories . Wave decline taking place in the market in 20 months is nearing completion .
The decline in the global price of London Brent crude futures to $ 36.67 a barrel , while US crude futures rose to $ 34.60 a barrel. However, US crude higher by more than a third since February 11 when prices came down to levels not seen since 2003, when just over 26 dollars a barrel. OPEC announced that the price of its basket rose to $ 31.65 a barrel. US crude inventories rose by 10.4 million barrels to a new record high of 517.98 million barrels last week. The inventory rise as a result of a surplus in global production of between one million and two million barrels of crude per day above demand, which resulted in prices falling 70% since mid-2014. The top producers reached an agreement under the leadership of Russia and Saudi Arabia to freeze production at January levels, but that the agreement in Doha did not succeed in reducing the glut. Data from the Russian Energy Ministry showed that Russian oil production rate in February was similar to the rate in January at 10.88 million bpd, the highest level of production since about 30 years. Saudi Arabia production and also exceeds ten million barrels a day.

Read the file in the dollar on the doors stating crisis solutions

Pat whole talk carries the word dollars at the level of citizens and officials , and even at the level of states watching how Egypt can get out of its crisis perhaps for phishing or blame , especially after the suspension of progress Fund loan for Egypt and the disabled as well as disabled grants and loans by some Arab countries after Egypt's refusal to engage in any war outside its borders .alammer who did not cast satisfaction of some Arab countries It has become a reality , solutions and alternatives solutions have become the most important area of ​​research and the need for diversification of economic blocs, which must rely on Egypt to provide financing needs . In 2012 Egypt had sought to obtain a loan from the International Monetary Fund worth $ 4.8 billion, but that negotiations had been postponed more than once to the unstable political situation in the country. The decline in the country 's foreign exchange reserves of $ 36 billion in 2011 to $ 16.5 billion by the end of February, which makes it difficult for the central bank to protect the value of the pound .

Prescription remedy the crisis *** Jamal Nassar, market analyst and member of the England Jmaaah analysts stressed that the diversity of economic blocs and the success of the Egyptian president tours in the recent period helped to find financing alternatives as well as the drafting of a new phase of economic diversification with China, Japan and South Korea. Away from the IMF loan. For its part the government intends to complete the launch of international bond of the $ 10 billion program, proof of its intention not to borrow from the IMF, despite lower interest provided by the Fund compared to the price of the high interest rates on international bond price. In July 2015 the Egyptian government launched an international bond for 10 years valued at $ 1.5 billion, and an interest rate of 6.25% per annum. Said Fakhri al-Feki , former Assistant Executive Director for the International Monetary Fund , said that Egypt would not resort to a loan under the IMF improved its relationship with other funding institutions like the World Bank , as well as the inability of the economy to withstand further .alajraat austerity imposed by the IMF that .
D said . Maged Attia economist that solutions lie in sending promotional missions of all States in order to promote the three tools both separately tool first an Egyptian products that support exports and strengthen the dollar currency resources and solve the problem of unemployment and increase the agricultural area , as well as solve the problem of factories stalled production and exploit the natural resources of the country.
Second, to promote the tool to the testimony of my dollar to link Egyptians abroad homeland take advantage of everyone's love of country and to convert this form of dollar resources

US stocks continue to fly and support comes from crude oil and investor confidence

US stocks rose at the start of trading on Friday to continue the positive performance after the expansion of confidence among investors in the financial markets about the future of the global economy after the European Central Bank resorted to expand the stimulus programs it has.

Confidence returned to the increase in the hearts of investors that global central banks will follow the example of the European Central Bank to save the current slowdown in growth rates in the global economy as well as the deterioration of inflation as a result of lower crude oil prices. The European Central Bank yesterday cut interest rates of all kinds in addition to increasing stimulus program to buy bonds to be worth 80 billion euros a month, which reflected positively on the global stock indices . On the other hand, the fact that many of the expectations the world's central banks to inject more stimulus from increased demand for the stock because it will reflect positively on the expansion of the circle of investors to invest in the stock markets. This has helped the surge in crude oil prices ,

which today recorded the highest level in 13 months on the support of US stocks after support for the shares of US companies operating in the crude oil and energy. The Dow Jones industrial average US stock index saw a rise of 0.96 % to 162.54 points, winning at the level of 17,157.67 points, while the Standard & Poor's 500 index rose 0.93% to 18.55 points win at the level of 2008.12 points. The Nasdaq index of technology shares rose 0.97 % to 45.15 points win at the level of 4707.31 points.