Import/export, trade agreements, customs, and international commerce
The Minister of Agriculture, Rural Development and Fisheries, Yassine Walid Mahdi, announced a partnership with Qatar to import 30,000 heads of genetically improved sheep breeds. This aims to increase local production and achieve 50 percent self-sufficiency in red meat.
iqtissadalbalad.dz
The dollar stabilized today, Wednesday, near its highest level in six weeks, as investors began to accept the possibility of interest rate hikes to combat inflation resulting from the war with Iran, which pushed the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end negatively affected sentiment, raised concerns about inflation, and led to a global sell-off of bonds as the yield on 30-year U.S. Treasury bonds reached its highest level since 2007. President Donald Trump stated that the United States may have to attack Iran again, but he indicated that it wants an agreement to end the war that has caused disruptions in the region.
al24news.dz
The dollar stabilized today, Wednesday, near its highest level in six weeks, as investors began to accept the possibility of interest rate hikes to combat inflation caused by the war with Iran, pushing the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end has negatively affected sentiment and raised concerns...
al24news.dz
The Egyptian company 'Arabia for Metals' is working to expand its industrial activity in Algeria through new projects in the non-ferrous metal processing sector, in an investment path that has contributed to enhancing local production of copper wires and rods, and reducing the import bill by approximately 100 million dollars annually, as part of an experience classified as one of the prominent models of productive foreign investment in the country. The company is considered one of the most prominent active foreign investors in the copper and aluminum manufacturing sector, having entered the Algerian market in 2012 and since then gradually expanded its production capacities, driven by the viability of investment and the development of the business climate. View the full content on Echourouk...
echoroukonline.com
The Egyptian company 'Arabia for Metals' is expanding its industrial activities in Algeria through new projects in the non-ferrous metal processing sector, in an investment path that has contributed to enhancing local production of copper wires and rods, and reducing the import bill by approximately $100 million annually, as part of an experience classified as one of the prominent models of productive foreign investment in the country. The company is one of the most prominent active foreign investors in the copper and aluminum manufacturing sector, having entered the Algerian market in 2012 and gradually expanded its production capacities since then, driven by the viability of investment and the development of the business climate. Watch the full content on Echourouk...
echoroukonline.com
The Spanish newspaper “La Razón” reported that trade exchanges between Algeria and Spain increased by 9.1% during the first quarter of the year, as part of a broader trend to compensate for the decline in trade with the United States and China by diversifying trading partners, which contributed to supporting the balance of trade for Spain during the same period. The newspaper explained that this performance comes in the context of reshaping the Spanish foreign trade map, where exchanges with the United States decreased by 6.4% and with China by 3.6%, compared to significant growth in dealings with alternative markets, including Algeria and several emerging countries in Asia and Africa. Watch the full content on Echourouk Online...
echoroukonline.com
Oil prices fell during trading on Wednesday, May 20, continuing the loss streak for the second consecutive day, amid hopes of reaching an agreement to end the war in the Middle East.
iqtissadalbalad.dz
Algeria has secured a prominent position in the global LNG market during the current month of May, ranking second globally among the countries supporting the recovery of sea-borne exports, at a time when the average global flows reached about 4.8 million barrels per day, according to data followed by the specialized Energy Platform. Algeria is, according to data from the Organization of Arab Petroleum Exporting Countries (OAPEC), the largest producer of LNG among Arab countries, with production reaching 293.8 thousand barrels per day in 2024, enhancing its status as a key supplier in the regional and international market. View the full content on Echourouk Online.
echoroukonline.com
European traders reported that the National Office of Cereals in Algeria concluded a deal yesterday, Tuesday, to purchase flour wheat in an international tender, with shipments to be made to only two Algerian ports, in a process likely to be relatively limited. According to preliminary estimates reported by Reuters, the purchased quantity is about 200,000 tons, although the final size of the deal has not yet been fully clarified. View the full content on Echourouk Online.
echoroukonline.com
Algeria recorded the import of more than 827,000 sheep as part of the program to import one million sheep in preparation for Eid al-Adha, according to the latest data published by the digital platform 'Ahdahi' affiliated with the Ministry of Agriculture, Rural Development, and Fisheries, dedicated to reserving and selling imported livestock and monitoring the process in real-time. The platform's data showed that as of 7:30 AM today, Wednesday, 827,797 sheep had been imported or entered the national territory or are in the process of shipping and import, while the number of sheep that have actually arrived in Algeria reached 582,231 heads as part of the approved import operations. View the full content on Echourouk Online.
echoroukonline.com
Algeria recorded the import of more than 827,000 sheep as part of a program to import one million sheep in preparation for Eid al-Adha, according to the latest data published by the digital platform “Adahi” affiliated with the Ministry of Agriculture, Rural Development, and Fisheries, dedicated to reserving and selling imported livestock and monitoring the process in real-time. The platform's data showed that as of 7:30 AM today, Wednesday, 827,797 sheep had been imported or entered the national territory or are in the process of shipping and import, while the number of sheep that have actually arrived in Algeria reached 582,231 heads as part of the approved import operations. View the full content on Echourouk Online.
echoroukonline.com
Following talks that culminated in the signing of a framework agreement between the two parties on April 21.
elkhabar.com