The President of the African Development Bank Group, Sidi Ould Tah, called for a radical transformation in the development financing model in Africa by focusing on large-scale investment projects capable of valuing natural resources locally and creating greater added value, emphasizing that reliance on exporting raw materials or limited-impact projects is no longer sufficient to achieve the desired development. Ould Tah explained, during a press conference held on the occasion of the conclusion of the annual meetings of the African Development Bank, that the continent's wealth of natural resources and increasing demographic weight necessitates adopting a new approach to development financing based on structured investments that support manufacturing and local processing of African resources.
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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