
GITEX: Towards Developing Production and Expanding Partnerships in the Modern National Textile Industry
Economy DZD aliqtissad dz Algeria Economy News
Government economic decisions, reforms, budgets, and fiscal policy

Economy DZD aliqtissad dz Algeria Economy News

The OPEC+ alliance is likely to consider a larger increase in oil production against the backdrop of ongoing developments in the Middle East and the military attacks by the United States and Israel on Iran, which responded with missile strikes, and the possibility that the situation may continue for days. Two sources familiar with the OPEC+ alliance talks told Reuters that the group may consider a larger increase in production...

DZD economy aliqtissad dz Algeria economy news

Two sources familiar with OPEC+ coalition talks stated that the group may consider a larger increase in oil production, after Saudi Arabia and the UAE raised their exports in anticipation of any potential supply disruptions due to the U.S. and Israeli attack on Iran. Reuters reported that eight OPEC+ members, namely Algeria, Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, and Oman, are scheduled to meet tomorrow, Sunday, at 11:00 GMT to discuss production levels. Read the full content on Echourouk Online.

Economy Dz aliqtissad dz Algeria economy news

Algeria has gained additional financial benefits as oil prices rose to around $72 per barrel, an increase of $12 from the reference price set in the 2026 finance law at $60 per barrel. Barclays Bank has suggested the possibility of Brent crude rising to $80 in the event of significant disruptions in global supplies. The current price level means direct support for oil revenues, with expectations of further increases in revenues if the bank's estimates are realized, which could raise the difference to about $20 additional per barrel compared to the reference used in the budget. Read the full content on الشروق أونلاين.

The Minister of Agriculture, Rural Development and Fisheries, Yassine Mahdi Walid, announced the preparation of an 'ambitious' program aimed at gradually eliminating the import of seeds and seedlings, especially those for vegetables, as part of enhancing food security and reducing the import bill, with a future direction towards exporting local production. The minister clarified, in a statement to the press during a work and inspection visit to Blida Province, that his ministry prioritizes the integration of technology and scientific research, particularly in the field of local seed and seedling production, noting the preparation for the establishment of a seed production hub between Ghardaïa and El Menia to support this process. Read the full content on Echourouk Online.

The initiatives and mechanisms established by the state in recent years to encourage the knowledge economy and startups have contributed to the emergence and consolidation of this important sector in the national economic fabric, allowing Algeria today to place innovation and the capabilities of youth at the heart of its policy aimed at diversifying the economy. Since 2020, the state has made several major decisions and established targeted devices to encourage the creation, financing, and development of startups, in line with the commitments of the President of the Republic, Mr. Abdelmadjid Tebboune, within the framework of a comprehensive strategy aimed at diversifying the national economy.

The European Union ambassador to Algiers, Diego Mellado, has displayed a clear ambition: to elevate the Euro-Algerian partnership.

The Minister of Agriculture, Rural Development and Maritime Fisheries, Yacine El Mahdi Oualid, conducted a visit on Thursday.

After making 78 discoveries in five years, the national oil company plans to intensify its exploration efforts between 2026 and

A total of 384 development operations have been registered in the wilaya of Bordj Bou Arreridj under the title of