
Signing of three memorandums of understanding between SONATRACH branches and the Nigerian oil company 'SONIDEB'
Economy of Algeria news
Import/export, trade agreements, customs, and international commerce

Economy of Algeria news

Algeria - The Ministry of Foreign Trade and Export Promotion announced today, Tuesday in a statement, the organization of the 4th edition of the African Business Salon SADA 2026, from June 6 to 8 in Algiers with the participation of delegations from at least 25 African countries.

Algeria - Subsidiaries of SONATRACH signed three memoranda of understanding today, Tuesday, in Algiers with the Nigerien National Petroleum Company (SONIDEB), concerning the establishment of a joint company for drilling works in Niger, seismic data processing activities, as well as cooperation in the field of petroleum products.

The signing of 3 Memoranda of Understanding between SONATRACH and the Nigerian Petroleum Company 'SONIDEP' was overseen by the Minister of State, Minister of Energy, Mohamed Arkab, and the Minister of Petroleum of the Republic of Niger, Mahamadou Tini, at the headquarters of SONATRACH's General Directorate, during the signing ceremony of three memoranda of understanding between several branches of SONATRACH and the Nigerian Petroleum Company 'SONIDEP' (SONIDEP) today, Tuesday. These agreements are part of the implementation of...

Both the Algerian Minister of State and Minister of Energy, Mohamed Arkab, and the Minister of Petroleum of the Republic of Niger, Hamadou Tini, presided today, Tuesday, over the signing ceremony of three memorandums of understanding between several branches of the SONATRACH group and the Nigerien oil company 'SONIDEP' (SONIDEP) at the headquarters of the SONATRACH group in Algeria. The signing ceremony was attended by the Ambassador of the Republic of Niger to Algeria and the CEO of the group...

Economy DZD aliqtissad dz Algeria economy news

The regional office for meat in the west (EPE ORVO SPA), part of the food and logistics industries group 'Agrolog', announced that it will begin marketing fresh imported red meat slaughtered locally in the coming days, inviting economic operators active in the red meat marketing sector to participate in this process. The office clarified, in an announcement, that the operation targets wholesalers and retailers working in the marketing of red meat, calling on those interested in participating to contact the central marketing directorate located in the 'Isto' district in Oran. View the full content on Echourouk Online.

The African Export-Import Bank 'Afriqexim-Bank' recorded a growth of 25% in its net profits during the first quarter of the current year, reaching nearly $270 million, compared to $215 million during the same period in 2025. The bank clarified in a statement that the loan portfolio increased by 2% to reach $42 billion by the end of March 2026, compared to ...

Gold prices rose by more than $45 during trading today, recovering most of the losses incurred in the previous session, amid a decline in the US dollar index.

Algiers Port has called on all transit agents and customs brokers to ensure the constant presence of their staff at the port, in line with the directives of public authorities regarding the implementation of a continuous 24-hour work system, 7 days a week. The institution clarified, in a notice addressed to its clients, that this measure aims to ensure the effective application of the continuous work system and to enable various services and operators to carry out port-related operations continuously, including during nighttime and public holidays. Read the full content on Echourouk Online.

Morocco's trade deficit increased by 18.4% during the first four months of 2026, reaching 127 billion dirhams ($13.8 billion), amid a faster growth in imports compared to exports and a decline in foreign direct investment flows. Data from the Moroccan Foreign Exchange Office showed that imports rose by 12.7% year-on-year to 296 billion dirhams, while exports increased by only 8.7%, reaching 169 billion dirhams, leading to an expansion of the country's trade gap. Read the full content on Echourouk Online.

Oil-producing countries in the OPEC+ alliance are moving towards agreeing on a new increase in the production target for next July, despite the ongoing repercussions of the war with Iran that have so far prevented several countries from implementing previously planned production increases, according to three informed sources. The sources cited by Reuters indicated that the expected increase will be around 188,000 barrels per day, a level close to the quantity agreed upon for June, after being adjusted from 206,000 barrels per day to account for the UAE's withdrawal from the OPEC+ alliance at the beginning of May. Read the full content on الشروق أونلاين.