
America Grants Temporary Exemption for Selling Russian Oil to India for 30 Days - Iqtissad Al Balad
DZD economy aliqtissad dz Algeria economy news
Import/export, trade agreements, customs, and international commerce

DZD economy aliqtissad dz Algeria economy news

The economy of Algeria aliqtissad dz Algeria economy news

Economy Dz aliqtissad dz Algeria economy news

Algeria - A new measure is expected to come into effect soon, allowing operators in the sector to import engines that are less than five years old, intended for coastal fishing vessels, according to Miloud Taria, the Director General of Fisheries and Aquaculture at the Ministry of Agriculture and Rural Development and Fisheries.

The Ministry of Foreign Trade and Export Promotion clarifies that the classification of imported materials between 'semi-finished' and 'fully manufactured' primarily depends on their nature of use in production or consumption, and the classification of the same material may vary according to the activity of the economic operator, within a legal and technical framework that ensures the protection of national products. According to a written response from the Minister of Foreign Trade and Export Promotion, Kamel Rezig, to a question from the deputy, Rabah Jdidi, which 'Echorouk' reviewed, the classification of materials is done according to the provisions of the national customs tariff, where the nature of the material itself may vary according to the practiced activity; it may be considered a production input within the framework of an industrial transformation process, while it is regarded as a ready-to-consume product in another context, according to the tariff items.

The price of oil today, Friday, March 6, recorded a decrease for the first time in six days, following an increase due to the American war on Iran and the accompanying threats. Read also – Wide repercussions on the global economy due to the American military strike on Iran. View the full content on الشروق أونلاين.

The National Fund for Agricultural Cooperation and the National Association of Algerian Exporters signed a strategic partnership agreement aimed at accompanying national agriculture to international markets and enhancing the presence of Algerian agricultural products in the export sector, according to a statement from the fund on Thursday. The same source clarified that this agreement is part of a vision aimed at making agriculture and food industries among the main pillars for diversifying the national economy and creating added value, in light of the acceleration of international trade exchanges and the need to enhance the competitiveness of national productive sectors. Under this partnership, the National Fund for Agricultural Cooperation commits to encouraging farmers to incorporate the export dimension into their strategies.

Gold prices stabilized significantly today, Friday, after falling by more than one percent in the previous session. Gold remained at $5076.09 per ounce in spot transactions. U.S. gold futures for April delivery rose 0.1 percent to $5084.50. The dollar slightly declined, making the precious metal cheaper for holders of other currencies. The price increased …

Kremlin spokesman Dmitry Peskov stated today, Friday, that 'Moscow is witnessing an increase in demand for Russian energy resources against the backdrop of the situation around Iran.' Peskov said, 'We are seeing a noticeable increase in demand for Russian energy resources and their carriers, against the backdrop of the situation around Iran.'

A Qatari minister expects crude prices to reach 150 dollars per barrel if the closure of the Strait of Hormuz continues.

It ended its trading yesterday, Thursday, up more than 5%.

Oil prices fell today, Friday, for the first time in six days. By 02:51 GMT, Brent crude futures had dropped by $1.14 or 1.33% to $84.27 a barrel, while West Texas Intermediate crude futures fell by $1.46 or 1.8% to $79.55.