
The Prime Minister Chairs a Government Meeting - Iqtissad Al Balad
Today, Wednesday, Prime Minister Saifi Ghrib chaired a government meeting dedicated to several points.
Government economic decisions, reforms, budgets, and fiscal policy

Today, Wednesday, Prime Minister Saifi Ghrib chaired a government meeting dedicated to several points.

Oil prices fell today, Wednesday, continuing the losses recorded this week, trading near the lowest levels in four months reached in the previous session.

President Abdelmadjid Tebboune, during his supervision of the official opening of the 57th edition of the International Algiers Exhibition at the Palais des Expositions in El-Madania, ensured to visit many exhibition pavilions, emphasizing the interest that public authorities give to various economic sectors, especially those considered as a locomotive to achieve the goals set for diversifying sources and moving away from dependence on hydrocarbons.

The Minister of State and Minister of Energy, Mohamed Arkab, co-chairs with the Deputy Prime Minister of the Russian Federation, Dmitry Patrushev, the works of the thirteenth session of the Algerian-Russian Joint Government Committee for Economic, Trade, Scientific and Technical Cooperation, scheduled in Moscow from June 24 to 26, with the aim of evaluating the results of bilateral cooperation and exploring new partnership horizons between the two countries. The Ministry of Energy clarified in a statement that the session will be dedicated to reviewing the level of implementation of the outcomes of the twelfth session of the Joint Committee held in Algeria in January 2025, which culminated in the signing of several agreements, memoranda of understanding, and a cooperation protocol to enhance bilateral partnership, particularly in the fields of science...

Algeria and Spain have agreed to expedite the restructuring of the Algerian-Spanish Business Council and reactivate its activities, aiming to provide a permanent institutional framework that brings together businessmen and economic operators from both countries and supports the launch of qualitative partnership projects that reflect the mutual desire to elevate economic relations to the level of available potentials. This agreement came during the reception of the Minister of Foreign Trade and Export Promotion, Kamel Rezig, yesterday Tuesday, by the Ambassador of the Kingdom of Spain to Algeria, Ramiro Fernández Bachiller, in the presence of the Director General of Trade at the Spanish Ministry of Economy and Trade, according to a statement from the ministry. Read the full content on Echourouk Online.

As part of the regular consultations held by the International Monetary Organization with Algeria.

This comes at a time when markets have witnessed a rise in cigarette prices among retailers in recent weeks.

The Minister of Foreign Trade and Export Promotion, Kamal Rzig, presented this Wednesday in Algiers, before a delegation from the International Monetary Fund, the efforts made by Algeria to develop foreign trade and promote exports outside the hydrocarbons sector, highlighting the country's aspiration to become a regional economic and trade hub linking Europe and Africa.

The Minister of Knowledge Economy, Startups, and Micro Enterprises, Nourredine Wadih, presented the Algerian experience in supporting entrepreneurship and encouraging innovation, enabling youth to integrate into the knowledge economy, during his participation in the annual meeting of the New Champions 2026 of the World Economic Forum held in Dalian, China, according to a statement from the ministry.

Algeria, represented by the Minister of Internal Trade and National Market Regulation, Amaal Abdel Latif, chaired this Wednesday in the Austrian capital Vienna, the meeting of the Ministerial Council of the OPEC Fund for International Development (OFID), as part of its assumption of the presidency of this body for one year.

Oil prices fell this Wednesday, continuing the losses recorded this week, trading near their lowest levels in four months recorded in the previous session. Brent crude futures fell by 37 cents or 0.5 percent, reaching $76.71 per barrel, while West Texas Intermediate crude futures dropped by 36 cents or 0.5 percent, recording $72.85 per barrel. Both crude types had dropped by about one percent during trading on Tuesday, marking their lowest levels since early March.

The Minister of Pharmaceutical Industry, Wassim Gouidri, received the Nigerian Health Minister, Ouest Hakimi, to discuss cooperation and partnership prospects between the two countries, according to a statement from the ministry.