Government economic decisions, reforms, budgets, and fiscal policy
Algeria - The Minister of Labor, Employment and Social Security, Mr. Abdelhak Sayhi, held a coordination meeting that included central administration officials, dedicated to evaluating the results of recently completed activities, according to a statement from the ministry today, Wednesday.
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Economy of Algeria news
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Economy of Algeria news
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The National Tourism Office has opened registration for tourism operators wishing to participate in the ITB Berlin International Tourism Fair, scheduled to be held from March 3 to March 5, 2026, in the German capital, as part of the Office's work program for 2026, aimed at promoting the Algerian tourist destination. The Office called on travel and tourism agencies in its announcement to fill out the electronic participation form via the designated link, no later than February 8, 2026. View the full content on Echourouk Online.
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Gold prices continued their gains for the second consecutive day, overcoming the recent shock experienced by the markets, after the price of the yellow metal dropped to $4,430 per ounce, affected by the decline witnessed in the NASDAQ technology stock exchange last Thursday. During trading on Wednesday, the price of gold recorded $5,060 per ounce, an increase of 3.23%, and a rise of nearly $150 compared to trading on Tuesday, due to the growing demand for safe havens, as renewed geopolitical tensions between the United States and Iran contributed to increased interest in the precious metal. View the full content on Echourouk Online.
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The Algerian ambassador to Rome, Mohamed Khalifi, confirmed that cooperation between Algeria and Italy in the automotive sector, particularly the project launched with Stellantis, should not be viewed as competition or an industrial transfer, but rather as a partnership based on mutual benefits and joint growth. Khalifi explained, during an interview with Nova Agency on the sidelines of the 'Stellantis Algeria Meets Turin Companies' meeting held on Monday at the Turin Industrial Union, that this initiative is part of a broader strategy to diversify the Algerian economy and aims to expand cooperation with Italy to include areas beyond traditional energy.
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The Secretary General of the Ministry of Energy and Mines, Miloud Majeld, participated in the opening of the ninth edition of the Nigeria International Energy Exhibition and Conference (NIES 2026), representing the Minister of State, Minister of Energy and Mines, Mohamed Arkab, in the presence of senior officials from Nigeria and participating African countries, as part of Algeria's efforts to enhance its presence in regional and international energy forums. According to a statement from the Ministry of Energy and Mines, the opening yesterday, Tuesday, was attended by the Vice President of the Federal Republic of Nigeria, the President of the Republic of Gambia, along with the Ministers of Energy and Petroleum Resources from Nigeria and Côte d'Ivoire, and the President and Secretary General of the African Petroleum Producers Organization (APPO), Fred Ghazali.
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European traders stated that Algeria purchased, yesterday Tuesday, a quantity of barley feed from optional origins, as part of an international tender, although the final size of the purchased quantity is not yet clear. According to traders' estimates, citing Reuters, the purchase price is likely to have reached around $260 per ton, including costs and shipping. View the full content on Echourouk Online.
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The electricity and gas distribution company 'SONELGAZ' in Menia has launched a wide-ranging proactive plan to maintain 1607 km of the electricity network, aimed at ensuring the continuity of energy supply and avoiding disruptions and outages during peak consumption periods in the summer of 2026. The communication cell at the distribution directorate in Menia stated, according to Algerian radio, that the maintenance plan includes 555 km of the low voltage network and 1052 km of the high voltage network, along with the inspection and maintenance of 839 electrical transformers, contributing to enhancing the technical readiness of the network and improving its reliability and the quality of service provided to customers. View the full content on Echourouk Online.
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The Minister of Pharmaceutical Industry, Dr. Wassim Guedri, emphasized the need to make up for the delay recorded in the pace of completing the projects of the public group 'Saidal', and to revive the stalled projects, while strictly adhering to quality standards and contractual deadlines, in order to receive them on the specified dates. According to a statement from the relevant ministry, this came during a coordinating meeting chaired by the minister yesterday, Tuesday, which brought together representatives of the institutions responsible for implementing 'Saidal' projects alongside the consulting offices tasked with monitoring these projects, dedicated to assessing the progress of ongoing works and listening to the difficulties hindering the implementation process. Watch the full content on Echourouk Online.
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The Director General of the International Union of Railways, François Daven, stated that the Western Mining Line reflects Algeria's deep foresight. This came in Daven's statement to Algerian television today, Wednesday, regarding the achievement of the railway project Béchar – Tindouf – Gara Djebilet. Daven pointed out that some countries are known for having advanced mining railway lines, but the Algerian experience remains distinctive.
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