Small and medium enterprises, local business developments
The wilaya of Mostaganem has just crossed a decisive milestone in its contribution to the industrial development of Algeria. Last Tuesday, the national economic landscape was enriched with a highly strategic infrastructure with the official commissioning of a cutting-edge unit specialized in the manufacture of electrical transformers.
Located about thirty kilometers south of the capital of the Adrar wilaya, the municipality of Fenoughil is now establishing itself as a key player in Saharan development. Long perceived as a mere oasis stop along National Road 6, this local authority is undergoing a profound transformation. Oasis ambitions Between the preservation of its rich traditional hydro-agricultural heritage and the integration of modern economic dynamics, Fenoughil is leveraging its geographical specificities to open up to new horizons of growth. Between palm groves and mode...
The president of the Algerian Economic Club, Said Mansour, confirmed that the opening of a brake systems production plant in the El-Raï area represents an important step in the development of the automotive spare parts industry in Algeria, considering that this activity is no longer just a commercial field, but has become a strategic sector capable of supporting national industry, reducing the import bill, creating thousands of jobs, and enhancing industrial sovereignty. Mansour explained in a statement to 'Echorouk' that the Algerian market is one of the largest car markets in the region, with about seven million vehicles including passenger cars, utility vehicles, trucks, and buses, noting that more than half of this fleet is over 15 years old, which creates a growing and sustainable demand for services.
The Algerian Insurance Company concluded the fiscal year 2025 with a net profit of 1.12 billion DZD and a total budget of 110 billion DZD, according to a statement. According to the social accounts of this public insurer approved by the ordinary general assembly held on June 17, the net profits were distributed with 450 million DZD for profits, 56 million DZD for legal reserves, and 613.3 million DZD for optional reserves, according to the same statement. On the commercial front, the company achieved a turnover of 30.54 billion DZD, marking an increase of 2 percent compared to 2024, according to the same report. This growth is mainly attributed to a branch outside the major accounts.
Algeria - The Algerian Insurance Company concluded the fiscal year 2025 with a net profit of 1.12 billion DZD and a total budget of 110 billion DZD, according to a statement it issued.
Algeria - The Prime Minister, Mr. Saïfi Gharib, today Wednesday in Algiers, highlighted the President's commitment, Mr. Abdelmadjid Tebboune, to reviving confiscated industrial units under final judicial rulings, as part of the recovery of looted assets, confirming that this process will include other units in the upcoming period, especially in Batna and Tissemsilt.
The Prime Minister, Aïmene Benabderrahmane, highlighted the President's commitment, Abdelmadjid Tebboune, to revive the confiscated industrial units.
Algeria - The Prime Minister, Mr. Saïfi Ghrib, today Wednesday in Algiers, on behalf of the President of the Republic, Mr. Abdelmadjid Tebboune, inaugurated a factory for the production of brake pads and their accessories.
Algeria - The Prime Minister, Mr. Saifi Ghrib, presided today, Wednesday, in Algiers, over the signing ceremony of two industrial cooperation agreements in the field of mechanical subcontracting, between the Maintenance Company of the East (a subsidiary of the GICA Group) and both 'Stellantis Algeria' and 'Ident'.
The Prime Minister, Mr. Saïfi Ghrib, presided over the signing ceremony of two industrial cooperation agreements in the field of mechanical subcontracting today, Wednesday, in Algiers.
The Prime Minister, Aïmene Benabderrahmane, oversees the inauguration ceremony of the brake pads and accessories production plant located in the municipality of El Harrach, Algiers.
The fourth edition of the Algiers Bay Crossing over a distance of 10 km is expected to feature more than 315 swimmers, representing 15 provinces, in a competition to be held in Algiers on Saturday, as confirmed by the organizers today, Wednesday. The competition, organized by the Directorate of Youth, Sports and Leisure of Algiers, in collaboration with the Algerian League of Water Sports, is one of the most prominent open water swimming events at the national level.