
Tensions in the Middle East Ignite Urea Prices and Disrupt Fertilizer Supplies - Iqtissad Al Balad
The economy of Algeria news
Government economic decisions, reforms, budgets, and fiscal policy

The economy of Algeria news

A spokesperson for the European Commission stated on Monday that the parties involved in coordinating oil and gas supplies in the European Union will meet on Thursday to discuss the situation in the Middle East. These groups are expected to monitor the impact of the war in the Middle East on the energy sector and discuss the latest assessments from member countries regarding oil supplies, following the American-Israeli war on Iran...

As most forecasts indicated, the war in the Middle East surged oil prices to nearly $120 a barrel for the first time in three years after its first week, prompting some countries to take measures that may help mitigate the war's impact on oil supplies, especially in Europe, amid fears of a greater impact if the conflict prolongs...

Oil prices have surpassed the $100 per barrel mark for the first time in over three and a half years.

Oil prices surged by more than 25 percent to reach their highest levels since mid-2022, with Brent crude futures rising by about $24.96, or 27 percent, to $117.65 per barrel, while West Texas Intermediate crude increased by $25.72, or 28.3 percent, to $116.62 per barrel, marking the largest daily price jump ever. According to trading data, West Texas Intermediate crude rose by 31.4 percent, hitting a session high of $119.48 per barrel, while Brent crude reached $119.50, up 29 percent. This increase follows strong gains last week, with Brent crude rising by 27 percent, while WTI jumped...

Professor Ibrahim Mouhouch, a member of the National Council for Scientific Research and Technology and an expert in water economy and management, revealed that seawater desalination is expected to cover about 60 percent of drinking water needs in Algeria by 2030, up from approximately 42 percent currently, in a move that would alleviate pressure on water resources allocated to agricultural activities. Mouhouch explained, during his appearance on the 'Multimedia Economy' program on Algerian radio, that this shift in drinking water sources will allow for greater allocation of water resources to the agricultural sector, thereby enhancing agricultural production capabilities in the country. Watch the full content on Echourouk Online.

Professor Ibrahim Mouhouch, a member of the National Council for Scientific Research and Technology and an expert in water economy and management, revealed that seawater desalination is expected to cover about 67 percent of drinking water needs in Algeria by 2030, up from approximately 47 percent currently, in a move that would alleviate pressure on water resources allocated to agricultural activities. Mouhouch explained, during his appearance on the 'Multimedia Economy' program on Algerian radio, that this shift in drinking water sources will allow for greater allocation of water resources to the agricultural sector, thereby enhancing agricultural production capabilities in the country. Watch the full content on Echourouk Online.

For a long time, the issue of solar energy has been approached mainly from an environmental or technological perspective.

The Organization of the African Petroleum Producing Countries highlighted the importance of the Trans-Saharan Gas Pipeline (TSGP) project, which connects Nigeria to Algeria via Niger, as a structural project that will enhance the continent's position as a key player in the balance of the global market.

The director in charge of the budget at the Ministry of Finance, Ms. Sihem Bourbarab, announced the adoption of a new mechanism for monitoring public investment projects that provides more flexibility in managing financial appropriations allocated to ministerial sectors and public bodies.

The Minister of Public Works and Basic Infrastructure, Abdelkader Djaloui, chaired a weekly coordination meeting today in Algiers, dedicated to monitoring and assessing the pace of project implementation in various provinces of the country, according to a statement from the ministry. The statement clarified that the meeting, which is part of the regular meetings held by the minister with sector officials, addressed the evaluation of ongoing projects and the follow-up on the implementation of planned programs.

Just a week after the start of the war on Iran.