
The Scandinavian countries support the energy transition path in Algeria
Experts and decision-makers gather in Algeria to explore practical solutions for sustainability.
Government economic decisions, reforms, budgets, and fiscal policy

Experts and decision-makers gather in Algeria to explore practical solutions for sustainability.

On the sidelines of a working visit by the Director General of the Algerian Agency for Investment Promotion.

The Minister of Public Works and Basic Infrastructure, Abdelkader Djilawi, today Saturday, issued a series of instructions to increase the pace of completion of the Eastern Mining Line, primarily to mobilize additional human and material resources, as well as to extend working hours, according to a statement from the ministry. These instructions came during a working session chaired by him at the ministry's headquarters, dedicated to evaluating the progress of the project to construct the Eastern Mining Line in the section linking Bouchakif and Draa at a distance of 121 km, as a continuation of the meeting held for the same purpose on May 15th.

The Official Gazette No. 37 published the law related to the budget settlement for the year 2023, which recorded a 24 percent increase in revenues year-on-year. According to this law, No. 26-11, signed on May 12 by the President of the Republic, Mr. Abdelmadjid Tebboune, the final results of the general state budget revenues for the fiscal year 2023 amounted to 11.9021 trillion DZD, while the final results of expenditures for the same year reached 10.59382 trillion DZD. Thus, the final deficit for the budget operations for 2023 allocated for available and uncovered treasury amounted to 1.57271 trillion DZD, according to the text.

The Director General of the Algerian Investment Promotion Agency, Omar Rakach, announced today, Saturday in Mostaganem, the registration of 280 new investment projects in the tourism sector since the new investment legal system came into effect.

To ensure a regular supply of essential goods to citizens.

Oil prices rose on Friday at settlement. Brent crude futures climbed at settlement to $103.54 per barrel, an increase of 96 cents, or 0.94 percent. U.S. West Texas Intermediate futures closed at $96.60 per barrel, up 25 cents, or 0.26 percent at settlement.

The Ministry of Internal Trade and Market Regulation has outlined a special continuity program for Eid al-Adha 2026, mobilizing 53,771 merchants across various provinces of the country to ensure the regular supply of essential goods and widely consumed services, according to a statement from the ministry this Saturday. The same source added that the mobilized merchants are distributed among 6,602 bakeries, 28,663 merchants related to general food products and fruits and vegetables, along with 17,905 merchants in various other activities.

Economy DZD aliqtissad dz Algeria economy news

Strict measures against illegal practices… Developing logistical rules for export, proposing national indicators for billing manipulation risks, and integrating relevant sectors into the control policy. The government has granted broader powers to the Minister of Foreign Trade and Export Promotion in monitoring foreign trade and overseeing import and export operations, under a new executive decree signed by Prime Minister Aïmene Benabderrahmane, published in the latest issue of the official gazette, concerning the amendment of the executive decree defining the powers of the sector. Starting today, the Minister of Foreign Trade and Export Promotion will be responsible for monitoring risk indicators related to invoice inflation or reduction in import and export operations.

DZD economy aliqtissad dz Algeria economy news

In this new global context, Algeria must look at reality with clarity.