
SONELGAZ outlines an exceptional plan for Eid al-Adha and the weekend - Iqtissad Al Balad
The economy of Algeria news
Government economic decisions, reforms, budgets, and fiscal policy

The economy of Algeria news

The head of the African Development Bank Group office in Algeria, Abdelkader Delita, confirmed that the Trans-Saharan Gas Pipeline project represents a 'major energy corridor' that will enhance energy security, regional economic integration, and continental cooperation. Read the full content on Echourouk Online.

Brazzaville - An official from the African Development Bank confirmed that Algeria can play a pivotal role in the dynamics of continental development thanks to its strategic location, economic weight, and firm commitment to achieving African economic integration.

Oil prices are experiencing fluctuations in the market amid current geopolitical tensions, while investors are awaiting global demand prospects and developments in global conditions. Before noon, the price of a North Sea Brent crude barrel for July delivery, on its last trading day, fell by 1.17% to $92.61, significantly lower than the $100 level that had been …

The company 'SEOR' announced a scheduled shutdown of the 'الرأس الأبيض' station and a temporary change in the water distribution program in the western region of Oran.

The dollar continued its decline against major currencies on Friday, on track to end the week lower, following reports that the United States and Iran reached an agreement to extend the ceasefire and lift restrictions on navigation through the Strait of Hormuz. Four sources told Reuters that the agreement, which is still awaiting approval from President Donald Trump, will extend the ceasefire for 60 days and restore freedom of navigation through the strategic waterway while negotiators address tough issues such as Iran's nuclear program.

The dollar continued its decline against major currencies on Friday, on track to end the week lower, following reports that the United States and Iran reached an agreement to extend the ceasefire and lift restrictions on navigation through the Strait of Hormuz. Four sources told Reuters that the agreement, which is still awaiting approval from President Donald Trump, will extend the ceasefire for 60...

The inflation rate in the United States rose in April at the fastest pace in three years, bolstering economists' expectations that the Federal Reserve (the U.S. central bank) will keep interest rates unchanged until late next year. The Bureau of Economic Analysis of the U.S. Department of Commerce reported yesterday, Thursday, that the Personal Consumption Expenditures Price Index jumped 3.8 percent in the 12 months ending in April, the largest increase since May 2023.

Algeria ranked third among Arab countries in terms of operational capacity for the steel industry in 2026, with a production capacity of 8.7 million tons annually, behind Egypt and Saudi Arabia, according to a recent report by the Energy Research Unit. The report indicated that the top 10 Arab countries in operational capacity for the steel industry collectively have a production base exceeding 59 million tons annually, representing about 2.7% of the total global operational capacity estimated at 2.216 billion tons annually. View the full content on Echourouk Online.

Oil prices fell today and are heading towards the biggest weekly loss since early April 2026, following reports of an agreement between Washington and Tehran to extend the ceasefire, although the agreement has not yet been ratified. Futures contracts for West Texas Intermediate crude for July fell by 1.19% to $87.84 per barrel. Meanwhile, futures contracts for Brent crude for the same month dropped by 0.96% to $92.81 per barrel. Brent crude has declined by 10.5% this week, marking the largest drop since the week ending April 6, 2026, while West Texas Intermediate crude suffered a weekly loss of 9.2%, the largest since the week ending April 13, 2026.

Oil prices fell today and are heading towards the biggest weekly loss since early April 2026, following reports of an agreement between Washington and Tehran to extend the ceasefire, but the agreement has not yet been ratified.

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