Government economic decisions, reforms, budgets, and fiscal policy
Algeria - Maintenance teams from the SONELGAZ group have carried out two significant technical interventions at strategic electricity transmission facilities, as part of the regular monitoring of equipment and ensuring their readiness, according to a statement from the public group today, Wednesday.
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On Wednesday, Minister of Post and Telecommunications, Sid Ali Zerouki, participated in Barcelona in a high-level meeting on AI governance in the telecommunications sector. The meeting was organized by the United Nations Development Programme (UNDP) and the Global System for Mobile Communications Association (GSMA), on the sidelines of the Mobile World Congress held in the Spanish city. Read the full content on Echourouk Online.
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Prime Minister Aïmene Benabderrahmane chaired a government meeting on Wednesday dedicated to studying files related to the sectors of trade, veterans, energy, religious affairs, small enterprises, and public works. The government reviewed, at the beginning of its meeting, according to a statement from the Prime Ministry, a preliminary draft law to amend and supplement the law related to the conditions for conducting commercial activities. Read the full content on Echourouk Online.
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The economy of Algeria news
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The Italian website HuffPost revealed that the Italian government is considering increasing its imports of natural gas from Algeria and Azerbaijan, in a move aimed at countering the impact of the Iranian crisis on energy supplies and securing local market needs. The source reported that Italian Prime Minister Giorgia Meloni held an urgent meeting with senior executives from Eni and Snam at Palazzo Chigi to review the situation and analyze the impact of tensions on energy markets and the economy, in addition to studying possible mitigation measures in the short and medium term. Read the full content on Echourouk Online.
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The economy of Algeria aliqtissad dz Algeria news economy
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Experts from the Organization of Arab Petroleum Exporting Countries (OAPEC) warned about the repercussions of military escalation in the Gulf region on the LNG market, with expectations of prices rising to unprecedented levels. A report published today, Wednesday, by OAPEC, prepared by the organization's experts, regarding 'Disruptions in LNG shipping through the Strait of Hormuz', stated that the escalation of military actions in the Gulf region, starting ...
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Experts from the Organization of Arab Petroleum Exporting Countries (OAPEC) have warned about the implications of military escalation in the Gulf region on the liquefied natural gas market, with expectations of prices rising to unprecedented levels.
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European wheat futures contracts rose yesterday, supported by the decline of the euro against the dollar, enhancing the competitiveness of EU exports. The May wheat flour index on the Euronext exchange in Paris increased by 0.4 percent to 202 euros per ton. The European Crop Monitoring Organization indicated that the condition of winter crops in Europe was mostly satisfactory despite an increase...
al24news.dzThe Iraqi Ministry of Oil and the Basra Oil Company decided on Tuesday to reduce production and pumping at the southern Rumaila field by 100 percent due to international political developments and the closure of the Strait of Hormuz. The company's operations authority stated in a statement that as a result of international political events and the subsequent closure of the Strait of Hormuz, disruption of international navigation, and the reluctance of oil tankers to enter the Gulf basin, along with the unavailability of tankers at southern ports and the suspension of loading at some storage facilities, it was decided to reduce production and pumping by 100 percent from the southern Rumaila field starting Tuesday evening. It also noted that all these factors have led to an increase in oil stockpiles in the storage facilities.
al24news.dz
The Iraqi Ministry of Oil and the Basra Oil Company decided on Tuesday to reduce production and pumping at the southern Rumaila field by 100 percent due to international political developments and the closure of the Strait of Hormuz. The company's operations authority stated in a statement that as a result of international political events and the subsequent closure of the Strait of Hormuz, international navigation has been disrupted and oil tankers have refrained from entering...
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The Ras Tanura complex of Saudi Aramco, which houses the company's largest local refinery, was hit today, Wednesday, by a new attack using an unknown projectile. Four sources told Reuters that the nature of the targeted part of the complex or the extent of the damage caused by the attack is still unclear, while the complex remains closed since Monday following a previous attack by a drone. View the full content on الشروق أونلاين
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