The African Petroleum Producers Organization confirmed that preparations for the launch of the African Energy Bank are progressing well, noting that the new financial institution, launched in partnership with the African Export-Import Bank, aims to support investments in the hydrocarbons sector on the African continent, amid a decline in funding from Western institutions for oil and gas projects. The organization's statement indicated that the progress of the project was the focus of a meeting held on Monday in Cairo between a delegation from the organization led by its Secretary-General, Farid Ghazali, and the President of Afreximbank, George Elumelu.
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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