
Towards a New Boost for Economic and Trade Cooperation between Algeria and Azerbaijan
DZD economy aliqtissad dz Algeria economy news
Government economic decisions, reforms, budgets, and fiscal policy

DZD economy aliqtissad dz Algeria economy news

Algeria - The National Company for Marketing and Distribution of Petroleum Products 'Naftal' announced today, Wednesday, that its services will continue normally during the period from July 2 to 5, coinciding with the legislative elections and the celebrations marking the 64th anniversary of Independence Day.

The government listened to a presentation on promoting entrepreneurship in the context of vocational training this Wednesday, according to a statement from the ministry's services.

The Bank of Algeria issued a new memorandum regarding the determination of ceilings for excessive interest rates applied during the second half of 2026, as part of the implementation of the provisions of Instruction No. 06-2026 amending Instruction No. 08-2016 concerning the methods for determining excessive interest rates, aimed at enhancing the protection of borrowers and ensuring that banks and financial institutions do not exceed the permissible limits when granting loans. The bank clarified, in Memorandum No. 01-2026 issued by the General Directorate of Credit and Banking Regulation, which was reviewed by 'Echorouk', that these ceilings were determined based on the averages of the actual total interest rates reported by banks and financial institutions during the first half of 2026.

The Minister, High Commissioner for Digitalization, Mariem Ben Mouloud, met at the headquarters of the commission with Hansi Estok, the Director General of the Estonian Digital Government Academy, accompanied by representatives of the European Union mission in Algeria, as part of the implementation of the Economic Governance Support Program between Algeria and the European Union, and to strengthen cooperation and partnership in the field of digital transformation.

Algeria and Russia signed an important scientific and technical memorandum of understanding in the field of cultural heritage protection, on the sidelines of the 13th session of the Algerian-Russian Joint Government Committee for Economic, Trade, Scientific and Technical Cooperation held in the Russian capital Moscow from June 24 to 26, 2026.

Oil prices rose on Wednesday after reports that Iran would not meet with U.S. President Donald Trump's envoys in Qatar, increasing pressure on the temporary ceasefire.

Naftal announced that its services will continue normally during the period from July 2 to 5, coinciding with the legislative elections and the celebrations marking the 64th anniversary of Independence Day. The company confirmed in a statement today, Wednesday, that all its stations and sales points will continue their activities according to the 24-hour duty system, as is customary throughout the year, to ensure a regular and continuous supply of various petroleum products across the national territory.

The Director General of the Algerian Agency for Investment Promotion, Omar Rakach, received on Tuesday in Algiers a delegation from the German Agency for International Cooperation 'GIZ', headed by Christian Zeitlinger, during which ways to improve the investment climate and prospects for developing projects related to renewable energies were discussed, according to a statement from the agency.

The company assured citizens of the continued service of water production 24 hours a day without any interruption.

The national insurance market achieved a turnover of 57.3 billion DZD during the first quarter of 2026, which is nearly stable compared to the same period in 2025 (+0.2 percent), despite the strong performance of car insurance, takaful insurance, and international reinsurance activities, according to a situational note from the National Insurance Council. Damage insurance companies remain the main driver of the sector with an 80.2 percent share of total production, recording a decline of 1.4 percent for nearly 2.5 million contracts signed.

To continue serving institutions and enhancing national consulting.