The Director General of the Algerian Investment Promotion Agency, Omar Rakach, discussed with the Chairman of the Algerian-Russian Business Council, Ahmed Azimov, the establishment of a joint work program to promote investment opportunities in Algeria and enhance communication between the agency and the business sector, contributing to attracting investments and implementing value-added projects. According to the agency's statement, the meeting held on Tuesday, September 29, via remote conferencing, also included preparations for organizing an Algeria Day on the sidelines of the Africa-Russia Summit and its economic forum, scheduled to be held at the end of October in Moscow, to showcase investment opportunities in Algeria. View the full content on Echourouk Online.
El Bayadh - The El Bayadh province achieved a grain production of 126,500 quintals during the current agricultural season, following the harvesting and threshing campaign that recently concluded, according to the Directorate of Agricultural Services.
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Algeria and Italy are moving towards expanding cooperation in the agricultural sector from supplying equipment to establishing integrated production and industrial projects, led by the 'BF' Group project in Timimoun with an investment value of nearly 420 million euros. The company is preparing to start a new wheat planting in October, targeting the reclamation of about 24 hectares out of a total of 36 hectares included in the initiative. Bruno Santorelli, the general manager of 'BF Algeria' project, told the Italian news agency 'Nova' that the joint project, established in 2024 between the Italian 'BF' Group and the Algerian National Investment Fund with shares of 51% and 49% respectively, has entered its second agricultural season, confirming its progress according to the schedule.
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The company “Asad Algeria Batteries”, specialized in the manufacturing and distribution of vehicle batteries, is studying the opening of its capital through the Algerian Stock Exchange as part of a project to develop its activity and increase its production capacity to one million batteries annually, alongside the establishment of a battery recycling plant and the recovery of raw materials. This came during a meeting held by the unified window of the financial market under the Commission for the Regulation and Monitoring of Stock Exchange Operations “COSOB”, dedicated to studying the request submitted by the Tunisian group “Asad” to list its Algerian branch “Asad Algeria Batteries” on the Algerian Stock Exchange, according to a statement from the commission. Watch the full content on Echourouk Online.
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