Government economic decisions, reforms, budgets, and fiscal policy
Algeria participated today, Sunday, via video conferencing, in the meeting of the seven countries from the OPEC+ group concerned with implementing additional voluntary production adjustments, where a collective production adjustment was decided starting from August 2026.
Algeria and six other countries from the OPEC+ group decided on Sunday to collectively raise their production by 188,000 barrels per day, starting from August.
The Ministry of Energy announced that Algeria will raise its oil production level to 1.001 million barrels per day starting from August 2026, an increase of 6,000 barrels per day, following the decision of the seven countries in the OPEC+ group to make a collective adjustment in production. The ministry clarified, in a statement, that Algeria participated, on Sunday, July 5, 2026, via video conferencing, in the meeting of the seven countries from the OPEC+ group concerned with implementing additional voluntary production adjustments, alongside Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia. View the full content on الشروق أونلاين.
The President of the Republic, Abdelmadjid Tebboune, presided over the inauguration ceremony of the Algerian National Center for Digital Services in the capital today, Sunday.
The OPEC+ alliance is set to approve a new increase in oil production starting from next August, amounting to 188,000 barrels per day, according to informed sources, in a move aimed at injecting more supplies into global markets amid falling crude prices and the resumption of export flows through the Strait of Hormuz. The sources, cited by Reuters, stated that the alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, has preliminarily reached an agreement to raise production quotas at the same pace as those set for June and July, with the decision to be presented for approval during the meeting scheduled for today, Sunday, via video conferencing.
The Ministry of Foreign Trade and Export Promotion announced in a statement today an exceptional amendment to the program for receiving economic operators for this week.
The Ministry of Foreign Trade and Export Promotion announced an exceptional adjustment to the schedule for receiving economic operators during this week, deciding to postpone the reception date to Wednesday, July 8, 2026, instead of Monday, July 6, 2026. The ministry clarified in a statement that the reception will be on Wednesday from 8:00 AM to 1:00 PM. View the full content on الشروق أونلاين.
Commissioned by Mr. Azzouz Nasri, President of the Council of the Nation, Senators Mr. Abdel Raouf Fakhr Eddine Ghanem and Mr. Bilal Khaf Allah participated in the meeting of the Economic, Financial, Social Affairs and Education Committee, held as part of the activities of the nineteenth session of the Parliamentary Assembly of the Union for the Mediterranean, in Cairo, on Saturday, July 4, 2026.
A World Bank report revealed that Algeria recorded more than 75,000 forest fires between 1985 and 2022, with an annual average of about 35,000 hectares of burned forests. The direct losses from the summer 2021 fires in the agriculture and housing sectors alone exceeded $124 million, after the fires claimed the lives of more than 100 people, prompting authorities to adopt a new approach to managing forest fire risks, focusing on prevention and enhancing resilience. The report, published last June and titled 'From Fires to Resilience: Rethinking Algeria's Forest Management,' indicated that the areas burned annually are equivalent to about 50,000 football fields.
A report from the World Bank revealed that Algeria recorded more than 75,000 forest fires between 1985 and 2022, with an annual average of about 35,000 hectares of burned forests. The direct losses from the summer 2021 fires in the agriculture and housing sectors alone exceeded $124 million, after the fires claimed the lives of more than 100 people, prompting authorities to adopt a new approach to managing forest fire risks, focusing on prevention and enhancing resilience. The report, published last June and titled 'From Fires to Resilience: Rethinking Algeria's Forest Management,' indicated that the areas burned annually are equivalent to about 50,000 football fields.
A lengthy economic report published in a special supplement of USA Today on July 3, 2026, highlighted the economic transformations taking place in Algeria, considering that it is entering a new phase of development that makes it one of the most prominent investment destinations in North Africa, based on extensive economic reforms and massive investments in strategic sectors, along with its geographical location and natural and human resources. The report was titled 'Algeria: The Next Investment Hub in North Africa' and noted that the country is still underestimated in terms of its economic potential, despite being the largest country in Africa, the second-largest economy in the northern continent, and a gateway connecting Africa with Europe and the Middle East.
Following the decision made by the seven countries of the OPEC+ group.