
Slight Rise in Oil - Iqtissad Al Balad
Oil prices rose slightly today, Monday, as crude continues to pass through the Strait of Hormuz, and the OPEC group agreed to increase supply.
Government economic decisions, reforms, budgets, and fiscal policy

Oil prices rose slightly today, Monday, as crude continues to pass through the Strait of Hormuz, and the OPEC group agreed to increase supply.

The Minister of Public Works and Basic Infrastructure, Abdelkader Djellali, emphasized today, Monday in Algiers, the need to double efforts and enhance coordination among various stakeholders to accelerate the pace of developing and maintaining the road and highway network, and to ensure their completion and delivery within the specified deadlines, according to a statement from the ministry. This came during a coordination meeting chaired by the minister at the ministry's headquarters, dedicated to monitoring and evaluating the development and maintenance programs for the road and highway network, attended by the ministry's central officials and the general director of the Algerian Highway Authority, along with its officials.

During his chairing of a meeting at the ministry headquarters.

Dr. El-Houari Tigrassi, a professor of economic sciences, confirmed that the projects overseen by the President of the Republic, Mr. Abdelmadjid Tebboune, launched and inaugurated on the occasion of the 64th anniversary of Independence Day, have a strategic nature and carry political, economic, social, and technological dimensions, reflecting the state's vision to complete the process of building a modern and contemporary Algeria, faithful to its social character, and capable of achieving digital sovereignty and leadership in the fields of science, technology, and innovation.

On Monday, oil prices recorded a slight decline at the beginning of trading, in response to an increase in supply in the market, which reduced concerns about supply shortages. During the morning session, the price of Brent crude for September delivery fell by 0.71% to $71.61 per barrel. Similarly, the U.S. counterpart, West Texas Intermediate crude for August delivery, decreased by 0.66% to $68.24 per barrel.

Gold prices stabilized this Monday near their highest level in two weeks, after last week's US jobs report, which came in lower than expected, led to a slight decline in expectations for the Federal Reserve (the US central bank) to raise interest rates. The price of gold in spot transactions remained at $4175.02 per ounce, after recording weekly gains of over 2 percent on Friday, following four consecutive weeks of decline.

Indeed, it is a new basic infrastructure that will contribute to accelerating the country's digital transformation, which is at the heart of the government's action plan, and especially to ensuring the country's digital security. This has become more than a necessity for Algeria, which aims to revolutionize and modernize its management and governance methods. The Algerian National Center for Digital Services is the first sovereign digital infrastructure of its kind in Algeria. It is a strategic achievement reflecting the state's commitment to strengthening...

This tour was notably marked by the inauguration of the new headquarters of the Ministry of Habitat, Urban Planning, City and Land Development, the inauguration of a specialized hospital for cardiology and pediatric cardiac surgery in Mahelma, as well as the inauguration of the urban pole Ahmed Taleb Ibrahimi in the new city of Sidi Abdellah. The head of state first inaugurated the new headquarters of the Ministry of Habitat, Urban Planning, City and Land Development, located in Dely Ibrahim, west of the capital. This new...

64th anniversary of independence: Commissioning and launch of several new projects Fifty (50) road projects will be commissioned and 34 new projects will be launched across several wilayas of the country, on the occasion of the celebration of the 64th anniversary of independence and the recovery of national sovereignty, a statement from the Ministry of Public Works and Basic Infrastructure indicated, as reported by APS. By Tahar Azizi This operation comes as part of the implementation of the comprehensive program established on the occasion of this national holiday, which includes...

In 2025, Algeria supplied approximately 40 billion cubic meters of gas to the European Union (EU), remaining one of its main suppliers. It actually ranks second among the largest suppliers of natural gas to the EU via pipelines.

Algeria and six other OPEC+ countries have decided on an increase in production of 188,000 barrels of oil per day (b/d)

The conclusion drawn is unequivocal: the country is no longer limited to managing its oil rent, but is undertaking a profound overhaul of its development model, with concrete opportunities for American investors. The energy sector remains, unsurprisingly, at the forefront of this dynamic. The CEO of SONATRACH, Nour Eddine Daoudi, detailed a five-year investment plan of 60 billion dollars, most of which will be directed towards upstream — exploration and production — with a dual objective: renewing national reserves and developing offshore ...