Foreign direct investment, capital flows, and investment climate
The President of the Algerian Economic Renewal Council, Kamal Moulay, discussed ways to develop joint Algerian-American projects in a meeting with American officials during the 'Select USA' investment summit in Maryland, according to a statement from the council on Thursday.
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AL24 News - Investment Summit in the United States: Exploring Ways to Develop Joint Algerian-American Projects - Economy
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Algeria and Turkey aim to increase the volume of bilateral trade to $10 billion, coinciding with President Abdelmadjid Tebboune's visit to Ankara, at a time when the value of Turkish investments in Algeria reached approximately $7.7 billion distributed across several economic and industrial sectors. The visit, which is the third for President Tebboune to Turkey, is part of the two countries' efforts to strengthen economic and political partnership and activate the 'High-Level Strategic Cooperation Council,' which supports the expansion of investments and cooperation in the fields of energy, industry, and trade. Read the full content on Echourouk Online.
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The Chairman of the Algerian-Turkish Business Council, Ammar Serandi, confirmed that Algerian-Turkish relations are on an upward trend in the commercial and economic fields.
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The Minister of Foreign Trade and Export Promotion, Kamel Rezig, emphasized with Turkish Trade Minister Omar Polat the importance of reaching the goal of increasing trade volume to $10 billion. The two ministers confirmed the necessity of expanding investments and preparing to sign a preferential trade agreement between Algeria and Turkey, in addition to developing cooperation in promising sectors such as renewable energies, banking, agriculture, and infrastructure.
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As part of his distinguished participation in the Select USA Global Investment Summit, Kamel Moula, President of the Algerian Economic Renewal Council (CREA), held a meeting accompanied by members of the executive office.
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The eleventh session of the Algerian-Mauritanian Business Council was held in the Mauritanian capital, Nouakchott, with the participation of representatives from the Ministry of Foreign Trade and Export Promotion and economic operators from both countries, as part of efforts to enhance economic and trade cooperation and open new horizons for investment and bilateral partnership. The session was chaired by the council president from the Mauritanian side, Mohamed El-Afdhal Ould Bettah, and from the Algerian side, Youssef El-Ghazi, in the presence of council members from the business community and economic actors from both countries. Read the full content on Echourouk Online.
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The Minister of Mines and Mining Industries, Mourad Hanifi, is overseeing the events commemorating the 60th anniversary of the nationalization of mines and the 59th anniversary of the establishment of the National Company for Research and Mining Exploitation 'SONARAM' today, Thursday, in the state of Oum El Bouaghi. The program includes the inauguration of an industrial transformation unit and the signing of partnership and cooperation agreements, according to a statement from the ministry. The statement clarified that the celebration program includes audiovisual presentations showcasing the history and development of the mining sector, along with the signing of several partnership and cooperation agreements aimed at enhancing sector activity and supporting investment and development prospects. View the full content on Echourouk Online.
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The Algerian Agency for Investment Promotion has registered more than 90 Turkish projects since the issuance of the new investment law, according to the agency's Director General, Omar Rakach, who stated this Thursday in Ankara during his participation in the Algerian-Turkish business forum, considering that this result reflects the 'increasing dynamism' of the partnership between the two countries.
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Today, Thursday, in the Turkish capital, Ankara, several important economic agreements were signed during the Algerian-Turkish Business Forum.
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For the third consecutive day, the delegation of Algerian business leaders participating in the 'Select USA Investment Summit' (Maryland - Washington) led by the Algerian Economic Renewal Council (CREA), continued its activities, reported a press release made public by the Council's services. The article CREA Delegation at Select USA Investment Summit: Algeria, "an essential partner for the economy and regional security" first appeared on ECOTIMES.
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Algeria is moving to strengthen its economic relations with the United States of America, within a partnership based on joint production and the valorization of raw materials. These topics were discussed during a meeting between a delegation from the Algerian Economic Renewal Council and officials from the U.S. Department of Commerce, covering strategic sectors, notably industry, pharmaceuticals, energy, agriculture, mining, and modern technologies, in addition to supporting the textile industry by providing cotton and developing shared value chains. Read the full content on Echourouk Online.
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