Foreign direct investment, capital flows, and investment climate
The Minister of Energy and Renewable Energies, Mourad Ajjal, announced this Wednesday in Niamey that the foundation stone for a 40-megawatt electricity generation project will be laid in the coming days in the Chadian capital, N'Djamena, to be carried out by the 'Sonelgaz International' company as part of the expansion of the company's activities on the continental level.
The working visit made on Tuesday, June 2, 2026, in Algiers by the Minister of Petroleum of the Republic
Several megaprojects in upstream and downstream are expected to be commissioned in 2026-2027: particularly oil fields
The Algerian Investment Promotion Agency (AAPI) received on Monday Mr. Cheikh Tidiane Diagne, regional representative for the region of
Economy of Algeria news
Algeria - Subsidiaries of SONATRACH signed three memoranda of understanding today, Tuesday, in Algiers with the Nigerien National Petroleum Company (SONIDEB), concerning the establishment of a joint company for drilling works in Niger, seismic data processing activities, as well as cooperation in the field of petroleum products.
The signing of 3 Memoranda of Understanding between SONATRACH and the Nigerian Petroleum Company 'SONIDEP' was overseen by the Minister of State, Minister of Energy, Mohamed Arkab, and the Minister of Petroleum of the Republic of Niger, Mahamadou Tini, at the headquarters of SONATRACH's General Directorate, during the signing ceremony of three memoranda of understanding between several branches of SONATRACH and the Nigerian Petroleum Company 'SONIDEP' (SONIDEP) today, Tuesday. These agreements are part of the implementation of...
Both the Algerian Minister of State and Minister of Energy, Mohamed Arkab, and the Minister of Petroleum of the Republic of Niger, Hamadou Tini, presided today, Tuesday, over the signing ceremony of three memorandums of understanding between several branches of the SONATRACH group and the Nigerien oil company 'SONIDEP' (SONIDEP) at the headquarters of the SONATRACH group in Algeria. The signing ceremony was attended by the Ambassador of the Republic of Niger to Algeria and the CEO of the group...
Mostaganem - A delegation from the Algerian Electrical Industries Group (CIEL) is on a four-day working visit to the United Republic of Tanzania, aimed at transferring the Algerian experience in the field of electricity and exploring avenues for cooperation and investment between the two sides, in line with the directives of the President of the Republic, Mr. Abdelmadjid Tebboune, regarding enhancing Algeria's presence in regional energy markets and supporting South-South partnership, according to what this industrial group reported today, Tuesday.
The Minister of State, Minister of Energy, Mohamed Arkab, discussed with the Minister of Petroleum of the Republic of Niger, Hamadou Tini, the reality and prospects of bilateral cooperation between Algeria and Niger in the field of hydrocarbons, and ways to enhance the existing partnership between SONATRACH and the Nigerien National Petroleum Company 'SONIDEP', particularly in the areas of research and exploration, development and production of hydrocarbons, drilling services, refining, petrochemicals, and distribution and marketing of petroleum products, in addition to training, technology transfer, and capacity building. According to the ministry, the two sides reviewed during the meeting held today, Tuesday, June 2, at the ministry's headquarters, the progress of ongoing joint projects and discussed prospects for expanding cooperation to include projects ...
Morocco's trade deficit increased by 18.4% during the first four months of 2026, reaching 127 billion dirhams ($13.8 billion), amid a faster growth in imports compared to exports and a decline in foreign direct investment flows. Data from the Moroccan Foreign Exchange Office showed that imports rose by 12.7% year-on-year to 296 billion dirhams, while exports increased by only 8.7%, reaching 169 billion dirhams, leading to an expansion of the country's trade gap. Read the full content on Echourouk Online.
Branches of SONATRACH Group signed three memoranda of understanding today, Tuesday, in Algiers with the Nigerien National Petroleum Company (SONIDEB), concerning the establishment of a joint company for drilling works in Niger, seismic data processing activities, and cooperation in the field of petroleum products.