Economic Policy

Government economic decisions, reforms, budgets, and fiscal policy

Showing 1,729–1,740 of 7,974 articles
Banking & Finance
Bank of Algeria Modifies Methods for Determining Excessive Interest Rates on Loans

Bank of Algeria Modifies Methods for Determining Excessive Interest Rates on Loans

The Bank of Algeria has issued a new directive regarding the methods for determining excessive interest rates on loans, which took effect immediately upon issuance. The directive number 06-2026 dated June 29, 2026, amends directive number 8-2016 dated September 1, 2016, concerning the methods for determining excessive interest rates on loans. According to the first article of the text of the directive published by the Bank of Algeria, …

Jun 30, 2026al24news.dz
Energy & Hydrocarbons
اقتصاد البلد

With monthly losses of 22%.. oil below $73 a barrel

Oil prices fell by more than 1% during trading on Tuesday, giving up most of the gains made in the previous session, with a trend towards recording massive monthly losses of about $20 a barrel. Oil prices had ended their trading yesterday, Monday, up by 2%, as markets awaited developments in the Middle East and the movement of ships through the Strait of Hormuz. As of 05:45 AM GMT today, the prices of Brent crude futures for August 2026 fell by 1.22%, reaching $72.26 a barrel. At the same time, the prices of West Texas Intermediate crude futures for August 2026 fell by 0.64%, reaching ...

Jun 30, 2026iqtissadalbalad.dz
Regulatory & Legal
Excessive Loan Interest Rates Under Scrutiny and Cases of Violation!

Excessive Loan Interest Rates Under Scrutiny and Cases of Violation!

Interest becomes excessive if it exceeds the market average by more than 5 percentage points. The decision amends instruction 08-2016 regarding the determination of excessive interest rates in a step aimed at recalibrating the legal framework governing the calculation of excessive interest on bank loans. The Bank of Algeria issued a new instruction that modifies the provisions of the instruction in force since 2016, clarifying the reference standard used for classifying loans with excessive interest rates, and establishes the total effective interest rate as the main criterion for measuring the cost of financing. The Bank of Algeria issued instruction number 06-2026, dated June 29, 2026, signed by the bank governor, Mohamed Amine Labou, to amend instruction number 08-2016.

Jun 30, 2026echoroukonline.com
Regulatory & Legal
No Exceeding This Ceiling.. Bank of Algeria Sets Limits on Excessive Loan Interest!

No Exceeding This Ceiling.. Bank of Algeria Sets Limits on Excessive Loan Interest!

The Bank of Algeria has issued a new directive amending the provisions for determining excessive interest rates on loans, signed by the bank's governor, Mohamed Amine Labou, aimed at recalibrating the regulatory framework for pricing bank loans and enhancing borrower protection from inflated interest rates. The directive No. 06-2026, dated June 29, 2026, relates to the amendment of directive No. 08-2016 issued on September 1, 2016, concerning the methods for determining excessive interest rates, which came into effect from the date of its signing. Read the full content on Echourouk Online.

Jun 30, 2026echoroukonline.com
Trade & Exports
China and the European Union Launch Consultation Mechanism on Trade and Investment

China and the European Union Launch Consultation Mechanism on Trade and Investment

China and the European Union announced today, Tuesday, the official establishment of a consultative mechanism for trade and investment between the two sides. A joint statement mentioned that the two sides identified four initial work streams within this mechanism, including trade and investment balance, export controls, intellectual property rights, and reform of the World Trade Organization. The Chinese news agency 'Xinhua' reported that Chinese Minister of Commerce, Wang Wentao, and the EU Commissioner ...

Jun 30, 2026al24news.dz
Trade & Exports
Algerian oil exports to South Korea rise by 47%

Algerian oil exports to South Korea rise by 47%

Algerian crude oil exports to South Korea increased by 47.1% year-on-year in May 2026, reaching 3.64 million barrels, and surged by 263.3% compared to April, indicating a growing Korean demand for Algerian crude as Seoul seeks to diversify its oil supply sources. Data from the Korea National Oil Corporation (KNOC) showed that South Korea's imports of Algerian oil reached 9.31 million barrels during the first five months of 2026, an increase of 43.6% compared to the same period in 2025, which recorded 6.5 million barrels. Read the full content on الشروق أونلاين.

Jun 30, 2026echoroukonline.com
Energy & Hydrocarbons
APS | صناعة، طاقة ومناجم

Ajal received in Abidjan by the Ivorian Prime Minister

Algeria - The Minister of Energy and Renewable Energies, Mourad Ajal, was received yesterday, Monday, in Abidjan, by the Prime Minister of the Republic of Côte d'Ivoire, Robert Bouguy Mambe, as part of a working visit he is making to this country, according to a statement from the ministry.

Jun 30, 2026aps.dz
Agriculture & Agribusiness
اقتصاد البلد

Yassine Walid supervises the official launch of the National Agricultural Information System

Yassine Walid, Minister of Agriculture, Rural Development and Fisheries, today, Monday, June 29, 2026, oversaw the official launch of the National Agricultural Information System, which aims to provide reliable and updated data on this strategic sector, enhancing governance and supporting decision-making at both central and local levels. This is part of the implementation of the agricultural sector action plan for 2026, particularly concerning the modernization and digitization of the sector. The system, developed by a group of young Algerian talents, was launched during a national meeting attended by sector officials at both central and local levels, directors of institutes and research centers, and officials from economic groups and regulatory agencies.

Jun 30, 2026iqtissadalbalad.dz
Trade & Exports
Rzig calls for the adoption of accurate indicators to measure the impact of exhibitions on promoting exports

Rzig calls for the adoption of accurate indicators to measure the impact of exhibitions on promoting exports

The Minister of Foreign Trade and Promotion of Exports, Kamal Rzig, emphasized the need to adopt accurate indicators to measure the impact of national exhibitions and salons on the development of national production and enhance their contribution to achieving economic diversification goals and promoting exports, during his chairing of a working meeting dedicated to evaluating the economic events organized during the first half of 2026, according to a statement from the ministry. The statement clarified that the meeting, attended by officials from the ministry and the Algerian Export Agency, was...

Jun 30, 2026echoroukonline.com
Regulatory & Legal
Appointment of Hakim Yentren as the Manager of the National Company for Rail Transport

Appointment of Hakim Yentren as the Manager of the National Company for Rail Transport

The Secretary General of the Ministry of Interior, Local Communities, and Transport, Abdelghani Dride, oversaw the appointment ceremony of Hakim Yentren as the manager of the National Company for Rail Transport, succeeding Aaj Bouaouni, whose duties at the head of the company were terminated, in implementation of the instructions of the Minister of Interior, Local Communities, and Transport, Saïd Sayoud. A statement from the ministry clarified that the appointment of Hakim Yentren to manage the affairs of the National Company for Rail Transport comes as part of the implementation of the ministry's directives.

Jun 30, 2026echoroukonline.com
Trade & Exports
Saïd Sadiou discusses commercial maritime and port issues with the director of CMA CGM

Saïd Sadiou discusses commercial maritime and port issues with the director of CMA CGM

The Minister of Interior, Local Communities and Transport, Saïd Sadiou, received the General Director of the Maritime Transport and Container Shipping Company and Logistics Services in Algeria, CMA CGM, Mohamed Maamouri, where both sides discussed several issues of mutual interest, particularly those related to the commercial maritime sector and ports. The meeting took place at the ministry's headquarters, where the two parties addressed files related to the commercial maritime sector and ports, as part of an exchange of views on common issues related to maritime transport and logistics services.

Jun 30, 2026echoroukonline.com
Agriculture & Agribusiness
Launch of the National Agricultural Information System

Launch of the National Agricultural Information System

Algeria - The Minister of Agriculture, Rural Development and Fisheries, Yacine Walid, today, Monday, in Algiers, oversaw the launch of the National Agricultural Information System, aimed at providing reliable and up-to-date data about the sector to enhance governance and support decision-making at both central and local levels, as part of the implementation of the agricultural sector action plan for 2026, particularly concerning modernization and digitization.

Jun 30, 2026aps.dz