
Algeria - Chile... Strengthening the partnership between businessmen of both countries and diversifying trade exchanges
The economy of Algeria news
Import/export, trade agreements, customs, and international commerce

The economy of Algeria news

Gold prices fell on Tuesday, heading for the worst quarterly performance in 13 years, amid rising concerns about inflation caused by the war in the Middle East. Gold dropped in spot transactions by 0.2 percent to $4008.94 per ounce, after earlier touching its lowest level since November 2025. View the full content on الشروق أونلاين

The Professional Association of Banks and Financial Institutions (ABEF) announced the extension, until December 31, 2026, of the exceptional authorization granted to banks for the domiciliation of import invoices including freight charges. In a correspondence addressed to the general managers of banks, dated June 28, 2026, ABEF indicates that it has been contacted by the services of the Ministry of Foreign Trade and Export Promotion regarding this measure, initially implemented as an exception. This decision thus allows establishments...

Without an efficient logistics infrastructure, no export strategy can fully succeed. The country has agricultural and industrial potential.

Reuters reported, citing an official regulatory report from the European Union, that the bloc's part of the trade agreement signed with the United States last year will come into effect starting July 1, 2026, including the elimination of tariffs on many American industrial goods. The agency added that the new rules will remain in effect until December 31, 2029, with the possibility of extension later, as the report indicated that the European Commission will present, when appropriate, and after a comprehensive assessment, a legislative proposal to extend the validity period of the regulation.

Starting tomorrow, Wednesday, the European Union will implement a new fee of 3 euros on low-value imported parcels, in a move aimed at regulating e-commerce and curbing the increasing flow of goods coming from abroad, especially from China, while enhancing customs control and achieving fairer competition.

Oil prices fell in trading on Tuesday as investors awaited the results of potential talks between the United States and Iran in the Qatari capital, Doha, amid ongoing uncertainty about their official convening. Meanwhile, markets and exchanges continue to closely monitor the implications of military tensions on energy flows through the strategic Strait of Hormuz. August Brent crude futures, which expire on Tuesday, fell by 0.89% or 65 cents to reach $72.50 per barrel by 07:20 GMT, while the more actively traded September contract declined by 0.53% or 39 cents to settle at $73.52 per barrel, with these levels down by about 20...

In a move that confirms the strength and depth of economic relations between Algeria and Qatar, the Ministry of Industry hosted a high-level meeting yesterday, Monday, bringing together Minister Yahya Bchir and Qatari Ambassador Abdulaziz Ali Al-Naimah, with representatives from two groups that are today considered the 'locomotive' for joint investment: the Algerian-Qatari Steel Company (AQS) and the 'Baladna Algeria' group. The meeting was not just a review of bilateral relations, but a working session aimed at dismantling obstacles and accelerating the pace of progress in two strategic projects that both countries are betting on to enhance national production and reduce dependence on imports.

Oil prices fell by more than 1% during trading on Tuesday, giving up most of the gains made in the previous session, with a trend towards recording massive monthly losses of about $20 a barrel. Oil prices had ended their trading yesterday, Monday, up by 2%, as markets awaited developments in the Middle East and the movement of ships through the Strait of Hormuz. As of 05:45 AM GMT today, the prices of Brent crude futures for August 2026 fell by 1.22%, reaching $72.26 a barrel. At the same time, the prices of West Texas Intermediate crude futures for August 2026 fell by 0.64%, reaching ...

China and the European Union announced today, Tuesday, the official establishment of a consultative mechanism for trade and investment between the two sides. A joint statement mentioned that the two sides identified four initial work streams within this mechanism, including trade and investment balance, export controls, intellectual property rights, and reform of the World Trade Organization. The Chinese news agency 'Xinhua' reported that Chinese Minister of Commerce, Wang Wentao, and the EU Commissioner ...

Algerian crude oil exports to South Korea increased by 47.1% year-on-year in May 2026, reaching 3.64 million barrels, and surged by 263.3% compared to April, indicating a growing Korean demand for Algerian crude as Seoul seeks to diversify its oil supply sources. Data from the Korea National Oil Corporation (KNOC) showed that South Korea's imports of Algerian oil reached 9.31 million barrels during the first five months of 2026, an increase of 43.6% compared to the same period in 2025, which recorded 6.5 million barrels. Read the full content on الشروق أونلاين.

The Minister of Foreign Trade and Promotion of Exports, Kamal Rzig, emphasized the need to adopt accurate indicators to measure the impact of national exhibitions and salons on the development of national production and enhance their contribution to achieving economic diversification goals and promoting exports, during his chairing of a working meeting dedicated to evaluating the economic events organized during the first half of 2026, according to a statement from the ministry. The statement clarified that the meeting, attended by officials from the ministry and the Algerian Export Agency, was...