Foreign direct investment, capital flows, and investment climate
Algeria - The Chairman of the Algerian Economic Renewal Council, Kamel Moula, met today, Thursday, in Algiers, with the Chargé d'Affaires at the U.S. Embassy in Algeria, Mark Shapiro, as part of following up on the outcomes of the Council's participation in the 'Select USA' investment summit held last May in Maryland, USA.
The President of the Algerian Economic Renewal Council, Kamal Moulay, met today, Thursday, in Algiers, with the Chargé d'Affaires of the United States Embassy in Algeria, Mark Shapiro, as part of following up on the outcomes of the Council's participation in the investment summit 'Select USA', held last May in Maryland, USA.
Algiers - The Algerian Insurance Company announced today, Thursday in a statement, that it has increased its capital from 35 to 40 billion DZD, through the integration of reserves.
On Thursday, the Minister of State, Minister of Energy, Mohamed Arkab, received the Chairman of the Board of Directors of the Sawakri Group, Abdel Nour Sawakri, accompanied by a delegation of executives.
The Algerian Insurance Company announced today, Thursday, an increase in its capital from 35 to 40 billion dinars. The company stated in a press release that the capital increase will be achieved through the integration of reserves, considering the decision as a reflection of its strong financial position. It noted that the step was formalized on June 15 following the holding of an extraordinary general assembly.
The government continues to implement its strategy aimed at making tourism a driver of economic diversification. Important measures have been taken in recent years to boost investment in this important sector, placing the issue of land at the heart of government action. The latter (the land) has been considered, for several years, as the main obstacle for tourism investors, in addition to the issue of financing.
Ambassador Guangli: A 111 percent jump in Algerian exports over 180 days, 7 billion dollars in Chinese investments strengthen the partnership between Beijing and Algeria. Chinese authorities sent three main messages to Algerian institutions, confirming the robustness of the economic partnership between Algeria and China, supported by record figures for trade exchanges and investments, the implementation of a zero tariff policy on eligible Algerian products entering the Chinese market, along with the adoption of simplified customs, health, and administrative procedures to expedite the entry of Algerian exports and reduce their costs. These privileges are seen by Algerian economic operators as a new opportunity to boost non-hydrocarbon exports and open up prospects...
The Minister of Tourism and Traditional Industry, Houria Medahi, emphasized the need to accelerate the mobilization of economic real estate intended for tourist investment and to effectively place it at the disposal of project holders, confirming that the development of tourism in Algeria, especially domestic and desert tourism, relies on making tourist real estate available and facilitating investment in it, which enhances the competitiveness of the sector and increases the attractiveness of the national tourist destination. This came during her chairing of a coordination meeting yesterday, Tuesday, at the ministry's headquarters, dedicated to evaluating the economic real estate intended for tourist investment, in the presence of central administration officials and the National Agency for Tourist Real Estate, according to a statement from the Ministry of Tourism and Traditional Industry on Tuesday.
In addition to other sectors such as construction and energy.
Algeria intends to give a new impetus to its economic relations with Europe by focusing on partnerships based on production, technology transfer, and investment. During his periodic meeting with representatives of the national press, broadcast this Monday evening, the President of the Republic, Abdelmadjid Tebboune, emphasized the need to adapt economic relations with the European continent to the new realities of the Algerian economy.
In the extreme south of the wilaya of Bordj Badji Mokhtar, the border commune of Timiaouine is emerging from its historical isolation to assert itself as the new geostrategic pivot of Algeria at the gates of the Sahel. Between centuries-old traditions of barter, large-scale logistical projects, and unsuspected water reserves, this commercial oasis is transforming its geographical constraints into major investment opportunities. An investigation into a territory in full metamorphosis, where the future of African economic integration is taking shape despite crucial climatic and security challenges.
Algeria - The Minister of Tourism and Traditional Industry, Mrs. Houria Meddahi, chaired a coordination meeting at the ministry's headquarters, dedicated to evaluating the economic property intended for tourism investment, according to a statement from the ministry today, Tuesday.