
Congolese Minister of Hydrocarbons in Algeria
To enhance cooperation in the energy sector.
Government economic decisions, reforms, budgets, and fiscal policy

To enhance cooperation in the energy sector.

At the invitation of the Minister of State, Minister of Hydrocarbons, Mohamed Arkab, the Minister of State, Minister of Hydrocarbons of the Democratic Republic of the Congo, Akasia Bandopola Ambongo, is embarking on a working visit to Algeria, leading an important delegation that includes officials and executives from the Congolese Ministry of Hydrocarbons and from the national hydrocarbons company 'SONAHYDROC'.

The President of the African Development Bank Group, Sidi Ould Tah, called today, Friday in Brazzaville, for a profound change in the development financing model in Africa, advocating for major projects capable of transforming the continent's resources locally and creating greater added value. Ould Tah explained during a press conference held on the occasion of the conclusion of the annual meetings of the African Development Bank that Africa is no longer ...

Oran - The trade directorates in the provinces of Mascara and Tissemsilt recorded full commitment from traders to the duty program set during the blessed days of Eid al-Adha, which contributed to ensuring the continuity of supply of essential goods and providing various necessary needs for citizens throughout the holiday period.

Batna - Merchants and economic operators assigned to ensure duty in the seven provinces under the regional trade directorate of Batna adhered to the program prepared for this purpose at a rate of 99.95 percent today, Friday, on the third day of Eid al-Adha, according to what was reported by the relevant directorate.

Algeria - The services of the Ministry of Internal Trade and National Market Regulation recorded a partial commitment from traders to the duty system for the third consecutive day of the Eid al-Adha holiday, according to a statement from the ministry today, Friday.

Brazzaville - The Head of the African Development Bank Group Office in Algeria, Abdelkader Delita, confirmed that the Trans-Saharan Gas Pipeline (TSGP) project represents a 'key energy corridor' that will enhance energy security, regional economic integration, and continental cooperation.

Algeria - The Ministry of Public Works and Infrastructure confirmed today, Friday, in a statement that all human and technical resources are being mobilized to reopen the Chiffa tunnel (Blida) and the Hamdania tunnel (Medea) on the North-South highway for road users as soon as possible, following a technical malfunction.

Brazzaville - The President of the African Development Bank Group, Sidi Ould Tah, called today, Friday in Brazzaville, for a profound change in the development financing model in Africa, advocating for major projects capable of transforming the continent's resources locally and creating greater added value.

Algeria, through the SONATRACH refinery in Italy, has opened a new page in its energy strategy linked to the European market, following the implementation of the oil and gas cooperation agreement with Azerbaijan under a presidential decree published in the latest issue of the official gazette, which includes the ratification of the memorandum of understanding signed between the two countries in September 2022. According to the decree signed by President Abdelmadjid Tebboune, it ratifies the memorandum of understanding on cooperation in the field of oil and gas between Algeria and Azerbaijan signed in Algeria in November 2022. The details of the memorandum included in the official gazette state that the agreement aims to enhance bilateral cooperation in the field of oil and gas.

Audit of the source of funds and monitoring of influential Algerians and foreigners - Termination of the contractual relationship with any unidentified client. The Ministry of Finance, in a decision signed by Minister Abdel Karim Boualzerd, ordered that accountants, accounting auditors, and certified accountants be subjected to a strict control system to combat money laundering, terrorism financing, and the financing of the proliferation of weapons of mass destruction. This includes unprecedented measures requiring accounting and auditing offices to report any suspicious transaction immediately, even if it is just an incomplete attempt, with a prohibition on invoking professional secrecy before the Financial Intelligence Processing Unit. The decision imposed on accounting professionals the monitoring of political clients and influential Algerian figures.

Economy of Algeria news