
Ministerial Coordination to Prepare a National Reference for Industrial Competencies in Algeria - Iqtissad Al Balad
Economy of Algeria news
Government economic decisions, reforms, budgets, and fiscal policy

Economy of Algeria news

France topped the list of the largest importers of Algerian oil in April 2026, after its imports of crude oil and petroleum products transported by sea recorded a sharp increase of 138,000 barrels per day, an increase of 96,000 barrels per day compared to March, equivalent to a monthly growth of nearly 225%. Data from the Energy Research Unit showed that this increase reflects a notable fluctuation in flows during the early months of the year, as exports to France rose from 53,000 barrels per day in January to 146,000 in February, before dropping to 43,000 in March, then rising sharply again in April.

Gold prices jumped by more than three percent on Wednesday, reaching their highest level in over a week, after the prospects of a peace agreement between the United States and Iran led to a decline in the dollar and oil prices, easing inflationary pressures that bolster expectations for higher interest rates to persist for a longer period. The price of gold in spot transactions rose 3.2 percent to $4703.09 per ounce by 0938 GMT, marking its highest levels since April 27. U.S. gold futures for June also rose 3.2 percent to $4714 per ounce.

AL24 News - Gold jumps by more than 3% thanks to hopes for peace in the Middle East and a decline in the dollar - economy

Today, Wednesday, marks the 60th anniversary of the nationalization of the mining sector, in a context characterized by unprecedented investment dynamics, manifested in the launch and receipt of major structuring projects aimed at making the sector a key lever for diversifying the national economy and enhancing its contribution to growth. This dynamism is driven by a forward-looking vision based on massive investments and structural reforms, including improving the legal framework and establishing a ministry dedicated to mining industries, alongside doubling projects and launching strategic wo...

The Minister of Industry, Yahia Bacheir, along with the Minister of Vocational Education and Training, Nassima Arhab, chaired a coordinating working session to follow up on the implementation of the project 'National Reference for Training and Competencies' (RNFC), which aims to align training with the needs of the labor market and anticipate changes in professions, according to a statement from the Ministry of Industry. This project is considered a strategic tool for organizing and describing professional competencies and linking training offers to the actual needs of the national economy, es...

Minister of Water Resources Lounes Bouzegza announced that his sector has approved an increase in the water quota from the Kedia Asredoun dam in Bouira to reach 200,000 cubic meters per day, benefiting four provinces.

The Minister of Foreign Trade and Export Promotion, Kamel Rezig, discussed with the Ambassador of the Republic of Uzbekistan to Algeria, Mansourbak Kilyashov, ways to increase the volume of trade exchange and enhance economic cooperation, agreeing to work towards establishing a joint business council and studying the conclusion of a preferential trade agreement that grants mutual advantages. Both sides emphasized during the meeting yesterday, Tuesday, the necessity of intensifying joint efforts to exploit the available potentials of the two countries, which contributes to developing trade exchanges and supporting bilateral economic relations. Read the full content on Echourouk Online.

The volume of trade exchanges between Algeria and Mauritania exceeded 400 million dollars in recent years, making Algeria the first economic partner of Mauritania at the African level, according to Algeria's ambassador to Mauritania, Amin Sid.

AL24 News - Brent crude settles at $103 - Economy

The International Monetary Fund expects Algeria's GDP to exceed $317 billion in 2026, making it the leading economy in the Maghreb region and the fourth in Africa, according to the latest data published by the Fund. According to the same data, GDP is expected to reach $317.17 billion in 2026, compared to $285.72 billion in 2025, with an estimated economic growth of 3.8%. View the full content on Echourouk Online.

Algerian President Abdelmadjid Tebboune arrives in the Turkish capital Ankara on Wednesday for a two-day official visit, at the invitation of his Turkish counterpart, President Recep Tayyip Erdogan, in a move that reflects the strength of bilateral relations and the mutual desire to enhance them. This visit is part of the increasing dynamism in Algerian-Turkish relations in recent years, as both countries work to strengthen their partnership based on mutual interests and political coordination on various regional and international issues. In this context, the head of the Turkish presidential communications department, Burhanettin Duran, stated in a post on the Turkish platform 'In Social' on Tuesday that the first meeting of the Council...