Government economic decisions, reforms, budgets, and fiscal policy
Brent crude futures increased by $3.21 per barrel, reaching $79.22 per barrel. The rise in oil prices today, Monday, was 4.22 percent. West Texas Intermediate crude rose by $3.04 (4.26 percent) to $74.45 per barrel.
Economic experts highlighted today, Monday, the importance of the outcomes of the Cabinet meeting chaired yesterday, Sunday, by the President of the Republic, Mr. Abdelmadjid Tebboune, in developing the ecosystem for startups, emphasizing the need to involve the private sector in their financing while continuing to support the positive dynamics and successes achieved by the entrepreneurship ecosystem in the country.
A new record level of electricity demand was registered at 21378 megawatts this Monday afternoon, according to a statement from the Ministry of Energy and Renewable Energies.
The Bank of Algeria issued a directive today, Monday, outlining the procedures for granting currency exchange rights for travel abroad via bank card. This directive, numbered 07-2026, comes in implementation of a decision by the President of the Republic, Mr. Abdelmadjid Tebboune, during his chairing of a Cabinet meeting yesterday, Sunday, which stipulated that obtaining the travel allowance should temporarily be done via a bank card, due to serious abuses that have caused a drain on hard currency, without the beneficiaries of the allowance benefiting.
The Minister of Foreign Trade and Export Promotion, Kamel Rzig, chaired an evaluation meeting today, Monday, in Algiers, dedicated to studying the results of Algerian exporters' participation in various international economic events organized by the ministry.
The Ministry of Interior, Local Communities, and Transport confirmed that following the circulation of claims on social media regarding the unsuitability of watermelon for consumption, the results of the laboratory tests conducted categorically refute these claims, which are merely false news aimed at undermining the national economy and food security of the country. This comes at a time when various economic sectors are experiencing a rising recovery, particularly the demand for national agricultural products in foreign markets.
Today, Monday, in Algiers, the Minister of State, Minister of Hydrocarbons, Mohamed Arkab, oversaw the appointment of Abdelkader Cherfaoui as the new president of the National Agency for the Valorization of Hydrocarbon Resources 'Alnaft', succeeding Samir Bakhti.
The national electricity consumption recorded a new record of 21176 megawatts yesterday afternoon, according to the Director of Information and Communication at the Ministry of Energy and Renewable Energies, Khalil Hedna. Mr. Hedna explained that "following the severe heat wave affecting many provinces, the SONELGAZ group recorded a new record in electricity demand yesterday, July 12, 2026, through its subsidiary SONELGAZ Electricity Transport and System Manager, with a peak consumption of 21176 megawatts at 3 PM."
The Director of Media and Communication at the Ministry of Energy and Renewable Energies, Khalil Hedna, announced that Algeria recorded, yesterday Sunday, the highest peak of electricity consumption in its history, with the demand for electrical energy reaching 21,176 megawatts at around three o'clock in the afternoon, surpassing the record set during the same period in 2025, which was estimated at 20,628 megawatts, with an increase of nearly one megawatt.
The 2025 report from ARERA confirms: Algeria remains Italy's top supplier of natural gas with 36.1%.
Discover the 800 km electric highway project linking the South to the North. Algeria aims for 15,000 MW of solar power by 2035.
A wave of concern sweeps across gas stations in the United States. As summer is in full swing and traditionally drives millions of American motorists onto the roads, geopolitical tensions have suddenly cast a shadow over national economic prospects. The open resumption of military clashes between Washington and Tehran has caused an immediate shock to global energy markets.