
Revealing a strategic project for water conversion to supply 3 western provinces of the country - Iqtissad Al Balad
Economy of Algeria news
Government economic decisions, reforms, budgets, and fiscal policy

Economy of Algeria news

The US dollar has shown notable stability today, Friday, maintaining levels close to its highest peak in six weeks. This stability comes after a night of sharp fluctuations in the markets, driven by mixed signals and speculation surrounding the future of negotiations between Washington and Tehran, as investors cling to hopes of a near breakthrough.

Oil prices have risen amid uncertainty regarding progress in peace negotiations between the United States and Iran. The futures prices for Brent crude reached $105.88, an increase of $3.3 or 3.2%, while the futures prices for West Texas crude reached $98.88, an increase of $2.53 or 2.6%. Meanwhile...

Oil prices have risen amid investors' fears of supply shortages in the market. Before noon, Brent crude for July delivery rose by 2.61% to reach $105.26. Meanwhile, its counterpart, West Texas Intermediate crude, increased by 2.11% to $98.38. Analysts attribute the price rise to concerns over supply shortages in global markets...

On Thursday, the Minister of Agriculture, Rural Development, and Fisheries, Yassine Mahdi Walid, conducted a work and inspection visit to the Ouargla province as part of ongoing field visits aimed at monitoring major agricultural projects and assessing the progress of support programs for strategic crops and enhancing national production. The minister began his visit by inspecting the progress of the agricultural electricity network expansion program aimed at strategic crop areas, where he was presented with a detailed report at the agricultural investment 'Coastal Mills' in the Qasi Tall area of Hassi Messaoud, which has become a promising agricultural hub thanks to state efforts and private investments. During the visit, the minister confirmed that the reforms that have been adopted...

On Thursday, the Minister of Agriculture, Rural Development and Fisheries, Yassine Mahdi Walid, made a working visit to Ouargla, as part of ongoing field visits aimed at monitoring major agricultural projects and assessing the progress of strategic crop support programs and enhancing national production.

Algeria, the largest producer of hydrocarbons, is accelerating its energy transition through a series of structured projects in renewable energies and green hydrogen, with the ambition to strengthen its position as a strategic energy supplier to Europe, according to a report by the German Agency for Trade and Investment.

The Minister of Agriculture, Rural Development and Fisheries, Yassine Mahdi Walid, announced the provision of more than 80,000 hectares for investors during the upcoming agricultural season in Ouargla. The minister clarified that reaching this area is linked to the completion of new investments related to agricultural electricity connections, after surpassing the cultivated areas of 9,000 hectares during the current year. This announcement came during the minister's supervision of the launch of the harvesting and threshing campaign for the 2025-2026 agricultural season in Ouargla. The speaker revealed that Ouargla has been enhanced with 9 grain storage centers, with a total capacity estimated at 450,000 quintals, averaging 50,000 quintals per center. The minister also pointed to the construction of a silo for storage...

Algeria's natural gas production rose to about 29 billion cubic meters during the first quarter of 2026, an increase of 1.14 billion cubic meters compared to the same period in 2025, indicating Algeria's strengthened position among major gas suppliers, amid continued European demand for stable supplies and the growing importance of Algerian gas in the regional energy security equation. According to the specialized energy platform, Algeria's gas production in March rose to 9.669 billion cubic meters, equivalent to about 11 billion cubic feet per day, compared to 9.29 billion cubic meters, or 10.6 billion cubic feet per day, in March 2025, representing an annual increase of 370 million cubic meters.

Oil prices rose in trading on Friday amid investor doubts about the prospects for progress in peace negotiations between the United States and Iran. As of 09:20 Algerian time, futures contracts for West Texas Intermediate crude for next July were trading at $98.63 per barrel, an increase of 2.37% from the previous closing price. Meanwhile, futures contracts for Brent crude for the same month were trading at $105.05 per barrel, an increase of 2.89% from the previous settlement price.

Algeria - The Minister of Tourism and Traditional Industry, Houria Medahi, presided over the closing ceremony of the 25th edition of the International Tourism and Travel Fair today, Thursday, in Algiers, which saw wide national and international participation.

Ouargla - The Minister of Agriculture, Rural Development and Fisheries, Yassine Mahdi Walid, announced today, Thursday, in the state of Ouargla, the provision of more than 80,000 hectares for investors during the upcoming agricultural season.