Foreign direct investment, capital flows, and investment climate
Algeria wants to act quickly and accelerate its economic transformation. Major mobilization of the executive to deliver projects on time.
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According to an announcement made by the local energy department to APS, a 150 MW solar power plant will be commissioned.
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Algeria - The President of the Algerian Economic Renewal Council, Kamel Moula, stated that Algeria's removal from the gray list of the Financial Action Task Force 'GAFI' represents 'an important milestone for the country and a positive signal for the national economy.'
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Algeria - Economic and financial experts highlighted the importance of the decision to remove Algeria from the gray list of the Financial Action Task Force 'FATF', made yesterday Friday by unanimous agreement of the members of the group's plenary session, affirming that it serves as a clear international recognition of the effectiveness of the measures taken by public authorities to enhance financial transparency within a significant reform dynamic, positively impacting the national economy as a whole, and specifically enhancing the attractiveness of the business and investment climate.
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DZD economy aliqtissad dz Algeria economy news
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The economy of Algeria news
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DZD economy aliqtissad dz Algeria economy news
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The Secretary General of the Gas Exporting Countries Forum, Philippe Michelpied, accompanied by a delegation from the forum, is on a working visit to Algeria from June 20 to 23. According to the Ministry of Energy, the visit is aimed at enhancing consultation and coordination between Algeria and the Gas Exporting Countries Forum regarding developments in global natural gas markets, prospects for the gas industry, challenges related to supply security, investment in the sector, energy transition, as well as supporting scientific and technical cooperation among member countries.
echoroukonline.com
A delegation from Naftal, currently on a business mission in the Republic of Niger, continued its meetings with the relevant authorities and institutions in the energy and investment sectors, discussing with officials from the Nigerien Petroleum Company 'SONIDEP' the project to establish a unit for bitumen production, as well as exploring opportunities for cooperation and partnership and expanding the company's regional presence. According to a statement from the company, the delegation began the second day of its visit yesterday, Friday, with a working session with SONIDEP officials, dedicated to presenting and discussing the business plan for the bitumen production unit project. Read the full content on Echourouk Online.
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Hydrogen demand in Africa surged by over 72% between 2012 and 2024, reaching 3.1 million tons, compared to 1.8 million tons 12 years ago, with Algeria ranking second in Africa with a share of 20% of total demand, behind Egypt which captured 49%. A recent report, reviewed by the Energy Research Unit, indicated that Algeria increased its hydrogen consumption by about four times during the same period, reaching 0.7 million tons in 2024, making it one of the largest hydrogen markets in Africa alongside Egypt and Nigeria. View the full content on Echourouk Online.
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The Secretary of State for Mines and Mining Industries, Karima Bakir, discussed with the Canadian Ambassador to Algeria, Robin Watlofer, ways to enhance bilateral cooperation in the mining sector, in light of Canadian interest in the reforms taking place in the sector and the investment opportunities available in Algeria. A statement from the Ministry of Mines and Mining Industries indicated that the meeting, which took place on Thursday at the ministry's headquarters, was attended by officials from the ministry, SONARIM group, the National Agency for Mining Activities, and the National Geological Service of Algeria.
echoroukonline.com
The Algerian Agency for Investment Promotion participated in the annual meetings of the Islamic Development Bank Group, held in the Azerbaijani capital Baku from June 16 to 19, with the participation of ministers, officials, and representatives of financial and developmental bodies from member countries. The agency stated in a statement that this session, organized under the slogan 'Regional Integration for Sustainable Prosperity', provided an opportunity to highlight ways to enhance economic and developmental cooperation among member countries, develop Islamic financing mechanisms, and support investment projects, infrastructure, and sustainable economic transformation. Read the full content on Echourouk Online.
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