
Economic Policy
Government economic decisions, reforms, budgets, and fiscal policy


Mr. Rzig receives the Saudi ambassador to discuss ways to enhance cooperation
Algeria - The Minister of Foreign Trade and Export Promotion, Kamal Rzig, received the Saudi ambassador to Algeria, Abdullah bin Nasser Al-Basiri, to discuss ways to enhance cooperation in various sectors, according to a statement from the ministry.

Rzig receives Saudi ambassador to discuss ways to enhance cooperation
Algeria - The Minister of Foreign Trade and Export Promotion, Kamal Rzig, received the Saudi ambassador to Algeria, Abdullah bin Nasser Al-Basiri, to discuss ways to enhance cooperation in various sectors, according to a statement from the ministry.

Oil Prices Rise Amid Tensions Between the US and Iran
Oil prices rose on Thursday as concerns continued over escalating tensions between the United States and Iran, despite both sides' efforts to ease confrontation in talks over Iran's nuclear program and increased military activities in the oil-producing region. Brent crude futures rose by 23 cents or 0.3% to $70.58 a barrel, while West Texas Intermediate crude increased by 25 cents or 0.4% to $65.44 a barrel. Read the full content on الشروق أونلاين.

Brent barrel above 71 dollars
Oil prices rose this Thursday, as markets await ongoing international geopolitical developments.

National Office of Hajj and Umrah Reminds of the Deadline for Paying Hajj Costs
Economy DZD aliqtissad dz Algeria economy news

Algeria and Saudi Arabia Agree to Activate Trade Exchanges
The Minister of Foreign Trade and Export Promotion, Kamel Rezig, discussed with the Ambassador of the Kingdom of Saudi Arabia to Algeria, Abdullah bin Nasser Al-Basiri, ways to promote bilateral trade and economic relations, agreeing to activate trade exchanges and encourage partnerships between economic operators in both countries, in addition to organizing an exhibition of Algerian products in Saudi Arabia to showcase national products. According to a statement from the relevant ministry, the meeting took place yesterday, Wednesday, at the ministry's headquarters, where both sides emphasized the importance of raising the level of trade exchanges to reflect the significant available potentials, especially in light of the new dynamics of Algerian foreign trade and the increasing interest in expanding...

Sharp Decline in Global Cocoa Prices
Global cocoa prices plummeted by about 10% on Wednesday, reaching their lowest levels in two and a half years, amid reports of unsold stockpiles in Côte d'Ivoire, the world's largest cocoa producer. According to Reuters, traders indicated rumors that cocoa warehouses in Côte d'Ivoire are filled with beans, with long lines of trucks unable to unload due to the slow pace of exports for the essential chocolate ingredient. One trader stated that buyers from the industry 'are gradually returning to the market, but they cannot provide enough support for prices.' Read the full content on الشروق أونلاين.

Rziq seeks to expand partnerships with Arab and regional markets
The Minister of Foreign Trade and Export Promotion, Kamal Rziq, received the Saudi Ambassador to Algeria, Abdullah bin Nasser Al-Basiri, with whom he discussed ways to enhance cooperation.

Prices of some products drop by 50% and positive indicators for market stability during Ramadan
The prices of some agricultural products have decreased by up to 50% on the eve of the first day of Ramadan in several wholesale and retail markets, amid positive indicators regarding traders' response to the effort to stabilize prices and protect citizens' purchasing power, according to what was confirmed by the Secretary General of the General Union of Algerian Traders and Artisans, Issam Badri. Badri explained, according to what was reported by Algerian public television, that the national awareness campaign launched by the union at the beginning of this month aims to maintain price stability during the holy month, and it started from the city of Maghnia in the Tlemcen province, and will continue across various major commercial spaces throughout the country during Ramadan.

Positive Preliminary Assessment of the Twinning Program between the Algerian Agency for Investment Promotion and Germany
The Algerian Agency for Investment Promotion assessed yesterday, Wednesday, the results of the first two months of implementing the institutional twinning project with the Federal Ministry for Economic Affairs and Energy of Germany, during a meeting of the steering committee held via remote conferencing, dedicated to monitoring the progress of the program and defining the tasks scheduled for the upcoming period. The meeting was chaired by the Director General of the agency and the project leader on the Algerian side, Omar Rekach, alongside the director at the German ministry and the project leader on the German side, Gerland Hickmann, with the presence of the representative of the European Union delegation in Algeria, Fausto Perini. Read the full content on Echourouk Online.

Algerian-Nigerien Agreement to Reactivate Partnership in the Electricity Sector
Algeria and Niger agreed yesterday, Wednesday, to reactivate the bilateral agreement in the field of electricity between SONELGAZ and NIGELEC, during a meeting via videoconferencing supervised by the Ministry of Energy and Renewable Energies, with the participation of management officials from both sides. This meeting comes in implementation of the outcomes of the brotherly and working visit made by the President of the Republic of Niger to Algeria on February 15 and 16, where ways to accelerate cooperation and partnership were discussed, especially regarding the completion and approval of the agreements under study between the two companies. View the full content on Echourouk Online.