Economic Policy

Government economic decisions, reforms, budgets, and fiscal policy

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AL24 | الاقتصاد

U.S. Senate Approves Bill for Sanctions on Russia

The U.S. Senate has approved a new sweeping bill to impose sanctions on Russia, allowing for punitive tariffs on China, India, and other major buyers of Russian oil and gas, as well as extending sanctions on Iran. The legislation, championed by the late Senator Lindsey Graham, received bipartisan support and was ultimately passed by a vote of 86 to 11. Senator Darleen Graham, who was appointed to her brother's seat, said about the Russian president before the vote: 'This legislation strikes at Putin's sources of power.' The scope of the legislation was significantly narrowed compared to a version drafted last year in order to gain the support of President Donald Trump. It is worth noting that it still needs to be approved by the...

Aug 8, 2026al24news.dz
Regulatory & Legal
Incentives to Save Family Businesses, Lighter Fees for Companies, and Trust Certificates for Banks

Incentives to Save Family Businesses, Lighter Fees for Companies, and Trust Certificates for Banks

A tax system to encourage reinvestment of proceeds from the sale of shares and stocks in productive enterprises, the preparation of a unified practical guide for calculating fees in coordination with taxes and professional bodies. Mohamed Yahiaoui, President of the National Council of the National Chamber of Accountants, revealed a package of reform proposals submitted by the chamber to the public authorities in preparation for the 2027 finance law project, aimed at enhancing the business climate, establishing trust in financial information, and modernizing the tax and legal system for enterprises. Yahiaoui explained that the proposals are based on the chamber's field experience and aim to shift from a post-control logic to a logic of prevention, compliance, and risk management.

Aug 7, 2026echoroukonline.com
Energy & Hydrocarbons
AL24 | الاقتصاد

Oil prices rise as Brent crude exceeds $82 per barrel

Oil prices recorded a slight increase during morning trading today, Friday, in the international London market, amid prevailing geopolitical uncertainty in the Middle East region. Just before noon, the prices of Brent crude, for October delivery, rose by 0.34 percent to reach $82.21 per barrel. The prices of futures contracts for West Texas Intermediate crude, for September delivery, also increased by 0.17 …

Aug 7, 2026al24news.dz
Economic Policy
The dollar heads for weekly gains amid doubts about the peace agreement with Iran

The dollar heads for weekly gains amid doubts about the peace agreement with Iran

The US dollar is on track to record weekly gains against major currencies during Friday's trading, supported by increasing doubts about the chances of reaching a peace agreement with Iran, which has boosted demand for the US currency as a safe haven in times of uncertainty. The dollar also received additional support from rising US Treasury yields, following a report published by the Financial Times.

Aug 7, 2026al24news.dz
Trade & Exports
Chinese Exports Exceed Expectations Supported by AI Boom Despite Rising Trade Pressures

Chinese Exports Exceed Expectations Supported by AI Boom Despite Rising Trade Pressures

Chinese exports continued to provide a strong boost to the world's second-largest economy, recording growth in July that exceeded market expectations, benefiting from the increasing global demand for AI infrastructure, alongside companies racing to ship their products before the new U.S. tariffs come into effect. Data from the General Administration of Customs of China showed that exports, measured in dollars, rose by 23.9% year-on-year in July, surpassing analysts' expectations of 22.2%, despite slowing compared to a growth of 27% in June. In contrast, imports rose by 27.5%, down from 36% in the previous month, coming in almost in line with estimates...

Aug 7, 2026al24news.dz
Banking & Finance
Gold Heads for Best Weekly Gains Since Start of the Year

Gold Heads for Best Weekly Gains Since Start of the Year

Gold prices rose in trading on Friday, on track to achieve the largest weekly gains since January 2026, supported by a decline in oil prices. December gold futures rose by 1.02% to $4343.20 per ounce. Spot gold prices increased by 1.18% to $4289.62 per ounce, after reaching their highest level in seven weeks on Thursday, with prices rising by...

Aug 7, 2026echaab.dz
Energy & Hydrocarbons
Oil rises by more than $3 at settlement

Oil rises by more than $3 at settlement

Oil prices rose by more than three dollars per barrel at settlement on Thursday. Brent crude futures closed up $3.04, or 3.83 percent, at $82.49 per barrel. West Texas Intermediate crude futures closed up $2.07, or 2.75 percent, at $77.29.

Aug 7, 2026radioalgerie.dz