
Economic land: Algeria accelerates procedures, but the real challenge remains production
Access to economic land has remained one of the main obstacles faced by investors in Algeria for several decades.
Government economic decisions, reforms, budgets, and fiscal policy

Access to economic land has remained one of the main obstacles faced by investors in Algeria for several decades.

The Minister of Foreign Trade and Export Promotion, Kamel Rzeig, confirmed that developing the logistics infrastructure for export is a fundamental pillar in the national strategy aimed at promoting exports outside the hydrocarbon sector, emphasizing the importance of unifying the efforts of various sectors and bodies to ensure the implementation of logistical projects that meet the needs of economic operators and enhance the competitiveness of Algerian products in foreign markets. This confirmation came during a working meeting chaired by the minister at the ministry's headquarters, dedicated to studying the project of establishing logistics platforms for export, in the presence of representatives from several ministerial sectors and bodies involved in export operations, along with representatives of associations and economic employers' organizations.

Four email addresses have been allocated to receive complaints and concerns.

Minister of Mines and Mining Industries, Mourad Hnifi, highlighted Algeria's readiness to share its institutional and technical expertise with Chad in the sector, benefiting sustainable development in both countries. This came during Mr. Hnifi's reception, at the ministry's headquarters, of a delegation from the Chadian Ministry of Mines, Petroleum and Geology, in the presence of the Chadian Ambassador to Algeria, Mokhtar Wawa Dahab.

Oil prices fell on Friday, affected by developments in global geopolitical conditions. Brent crude futures reduced their previous losses of over five percent to reach $96.28 per barrel, down $4.41 or 4.38 percent, after exceeding $100 at settlement in the previous session for the first time since last May. The contract is still on track to achieve gains exceeding seven percent this week. West Texas Intermediate crude futures fell $3.61, or 3.92 percent, to $88.58 per barrel, continuing on a path to achieve a weekly increase of seven percent.

The Algerian organization 'Industry of Tomorrow' is organizing the third major scientific seminar for the month of July, titled: 'Sustainable Water Security from the Perspective of Vigilance and Foresight', this Saturday at the National Higher School of Marine Sciences and Coastal Development in Dali Ibrahim (Algiers), with the participation of a select group of experts, academics, and representatives of bodies and institutions concerned with the water sector.

Algeria - The Ministry of Energy and Renewable Energies announced in a statement today, Friday, the completion, in record time, of the repair process of a technical fault that affected the high voltage electrical network, the Ain Taya - El Hamiz line (east of Algiers) this morning.

The Ministry of Knowledge Economy, Startups, and Micro Enterprises announced the opening of nominations for the President of the Republic Award for Best Startup in its first edition, aimed at innovative project owners and outstanding startups, as well as promising accelerated enterprises. The ministry stated that the award includes three categories, each with a significant monetary prize. Read the full content on الشروق أونلاين.

The Volkswagen Group announced on Friday a nearly one-third drop in its net profits during the second quarter of the year, amid multiple challenges it faces, primarily fierce competition from Chinese companies and a slowdown in its performance in the Chinese market. The net profits for the three months ending in late June amounted to 1.54 billion euros ($1.75 billion), a decrease of 32.9% compared to the same period last year, according to the leading German automotive group. Profits were affected by expenses of 500 million euros due to the halt in production of the electric model ID.4 in the United States, along with what the company described as 'a range of negative impacts.'

Algeria - The Minister of Foreign Trade and Export Promotion, Kamel Rzig, emphasized that the development of logistics infrastructure for export is a key pillar in the national strategy aimed at promoting exports outside the hydrocarbon sector, according to a statement from the ministry today, Friday.

Oil prices fell in trading on Friday, yet they are heading towards weekly gains amid market fears of stronger crude supply disruptions. Futures contracts for the global benchmark Brent crude for the same month were traded at $98.92 per barrel, down 1.76% from the previous closing price. Futures contracts for West Texas Intermediate crude for September were also traded...

The Minister of Foreign Trade and Export Promotion, Kamal Rziq, emphasized that the development of logistics infrastructure for export is a key pillar in the national strategy aimed at promoting exports outside the hydrocarbon sector, according to a statement issued today, Friday, by the ministry. This came during a working meeting chaired by Rziq yesterday, Thursday, at the ministry's headquarters, dedicated to studying a project to establish logistics platforms for export, attended by representatives of […]