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Banking & Finance
AL24 | الاقتصاد

Gold Rises by More than 3% Thanks to Peace Hopes in the Middle East and Dollar Decline

Gold prices jumped by more than three percent on Wednesday, reaching their highest level in over a week, after the prospects of a peace agreement between the United States and Iran led to a decline in the dollar and oil prices, easing inflationary pressures that bolster expectations for higher interest rates to persist for a longer period. The price of gold in spot transactions rose 3.2 percent to $4703.09 per ounce by 0938 GMT, marking its highest levels since April 27. U.S. gold futures for June also rose 3.2 percent to $4714 per ounce.

May 6, 2026al24news.dz
Trade & Exports
Algerian-Uzbek Talks to Expand Trade Exchange and Launch Investment Partnerships

Algerian-Uzbek Talks to Expand Trade Exchange and Launch Investment Partnerships

The Minister of Foreign Trade and Export Promotion, Kamel Rezig, discussed with the Ambassador of the Republic of Uzbekistan to Algeria, Mansourbak Kilyashov, ways to increase the volume of trade exchange and enhance economic cooperation, agreeing to work towards establishing a joint business council and studying the conclusion of a preferential trade agreement that grants mutual advantages. Both sides emphasized during the meeting yesterday, Tuesday, the necessity of intensifying joint efforts to exploit the available potentials of the two countries, which contributes to developing trade exchanges and supporting bilateral economic relations. Read the full content on Echourouk Online.

May 6, 2026echoroukonline.com
Diaspora & International
اقتصاد البلد

Algerian President Visits Turkey at Erdogan's Invitation

Algerian President Abdelmadjid Tebboune arrives in the Turkish capital Ankara on Wednesday for a two-day official visit, at the invitation of his Turkish counterpart, President Recep Tayyip Erdogan, in a move that reflects the strength of bilateral relations and the mutual desire to enhance them. This visit is part of the increasing dynamism in Algerian-Turkish relations in recent years, as both countries work to strengthen their partnership based on mutual interests and political coordination on various regional and international issues. In this context, the head of the Turkish presidential communications department, Burhanettin Duran, stated in a post on the Turkish platform 'In Social' on Tuesday that the first meeting of the Council...

May 6, 2026iqtissadalbalad.dz
Trade & Exports
Algeria and Uzbekistan Discuss Enhancing Trade Exchanges and Establishing a Joint Business Council

Algeria and Uzbekistan Discuss Enhancing Trade Exchanges and Establishing a Joint Business Council

The Minister of Foreign Trade and Export Promotion, Kamel Rezig, discussed with the Ambassador of the Republic of Uzbekistan to Algeria, Mansourbak Kilyashov, ways to enhance economic and trade cooperation between the two countries, according to a statement from the ministry this Wednesday. The statement clarified that the meeting, which took place yesterday Tuesday at the ministry's headquarters, provided an opportunity to discuss mechanisms for developing bilateral trade exchanges, where both parties emphasized the importance of intensifying joint efforts to increase the volume of trade exchange and exploit the available economic potentials of both countries.

May 6, 2026radioalgerie.dz