Government economic decisions, reforms, budgets, and fiscal policy
Oil prices stabilized at the beginning of trading on Thursday, with Brent crude futures rising by 25 cents or 0.3 percent to $91.87 per barrel. West Texas Intermediate crude futures fell to $85.81 per barrel, while the American crude contract rose by 14 cents or 0.2 percent to $84.53.
To circumvent Brussels' ecological tightening, Algiers goes on the offensive. Between the deployment of SONATRACH's climate strategy, a massive plan of 3,200 MW of renewable energies, and increased energy efficiency, the country accelerates its decarbonization. An industrial response coupled with a diplomatic showdown to preserve our economic interests in the face of European demands.
A historic raising of 137 billion dinars marks the advent of the first sovereign Sukuk 'Ijara Usufruit' on the Algiers Stock Exchange, opening a new era for Islamic finance in Algeria.
With a growth of 3.8% and foreign exchange reserves of 39.2 billion dollars, Algeria consolidates its position as a financial power in North Africa. Driven by institutional reforms and an industrial offensive outside hydrocarbons, the national economy begins its diversification. However, the sustainability of this model requires correcting a persistent budget deficit and overcoming African logistical challenges in the face of increasingly aggressive regional competition.
According to data from the Ecofin Agency, Africa is expected to see its share of the global lithium supply rise from 6% to nearly 14% between 2023 and 2025. This boom encourages producing countries to accelerate local processing to secure their revenues against the threats of a slowdown in global prices.
The African Development Bank (BAD) is intensifying the ecological transition in Africa by supporting eight new countries in the establishment of national roadmaps dedicated to the circular economy.
Algeria - The Minister of Public Works and Basic Facilities, Abdelkader Djellouli, today Wednesday, issued instructions to accelerate the pace of completion of several strategic projects in the sector, particularly in the fields of railways, roads, highways, airport and port facilities, while enhancing field monitoring and adhering to deadlines and technical standards.
Algeria - The demand for electrical energy across the country recorded a new record peak of 21,828 megawatts today, Wednesday, amid the ongoing heatwave affecting the country during the summer of 2026, accompanied by rising humidity levels across many provinces, according to a statement from the Ministry of Energy and Renewable Energies.
The Ministry of Energy and Renewable Energies announced the recording of a new record peak in electricity demand today, Wednesday, August 19, 2026. The ministry's statement noted, "Due to the ongoing heatwave experienced in the summer of 2026, accompanied by increasing humidity levels across many provinces of the country, SONELGAZ continues to record record rates in electricity demand, as its subsidiary announced..."
The Agricultural and Rural Development Bank announced in a statement on Wednesday the launch of a new product aimed at carriers to finance the renewal of the public transport fleet for passengers, which reaches up to 90 percent of the cost of acquiring the bus, as part of supporting the efforts of public authorities within the program to withdraw buses that are over 25 years old. The same source clarified that the bank offers private carriers, whether natural or legal persons, financing 'that can reach up to 90 percent of the cost of acquiring the bus, including all fees with a personal contribution from the beneficiary of 10 percent of the purchase price in addition to state support of 20 percent.' This financing is available in both classic financing format and also service ...
Algeria - 'Kenan Algeria', a subsidiary of the public group for maritime transport 'Gatma', has scheduled a regular maritime trip every 30 days connecting Algeria with Nouakchott and Nouadhibou (Mauritania) and Dakar (Senegal), aiming to enhance trade exchanges with West African countries, according to a statement from the company.
The Ministry of Interior, Local Authorities and Transport is continuing to review the technical and organizational preparations related to the upcoming commissioning of the speed and driving time measuring device (tachograph) on board heavy goods and passenger transport vehicles, a statement from the ministry indicated, […]