The Gara Djebilet iron mine project and its associated railway line have received extensive coverage in the international press, being seen as a strategic step to support the production capacity of the mining industry and diversify the Algerian national economy away from hydrocarbon resources. The project spans over 40,000 hectares and includes reserves estimated at around 3.5 billion tons of iron ore, making it one of the largest reserves globally. The new railway line, measuring 950 km, connects the mine to the city of Béchar for transporting the ore to factories and ports, with expected production in the first phase reaching about 5 million tons annually, subject to gradual increase, while total investments range between 2.5 and 3 billion dollars, including...
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
Algeria and Saudi Arabia explored ways to develop financial markets and enhance innovation and financial services during meetings that brought together stakeholders in the Algerian financial market and representatives from the Saudi Financial Market Authority, as part of the work of the Trade and Economy Committee stemming from the Algerian-Saudi High Coordination Council. The meetings were held at the headquarters of the Commission for Organizing and Monitoring Stock Exchange Operations (COSOB) and via videoconferencing, providing an opportunity to exchange experiences and practices in several areas related to the development of financial markets. Read the full content on Echourouk Online.
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