Trade & Exports

Import/export, trade agreements, customs, and international commerce

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Trade & Exports
Annaba Port puts the new free zone 'Navigation' into service

Annaba Port puts the new free zone 'Navigation' into service

The Annaba Port Authority announced today, Saturday, the commissioning of the new free zone 'Navigation' under customs supervision, in a move aimed at enhancing logistical infrastructure, modernizing national ports, and alleviating pressure on port spaces, which contributes to improving the flow of commercial and logistical activities at the port. The authority clarified in a statement that this project is part of the implementation of the directives of the Minister of Interior, Local Communities, and Transport, Saïd Sayoud, aimed at developing national port facilities, and in accordance with the field directives of the port services group 'Sarbore', in coordination with customs services.

May 30, 2026echoroukonline.com
Energy & Hydrocarbons
Through the Azerbaijan Gateway... SONATRACH Opens a New Chapter in Supplying Europe with Oil Derivatives

Through the Azerbaijan Gateway... SONATRACH Opens a New Chapter in Supplying Europe with Oil Derivatives

Algeria, through the SONATRACH refinery in Italy, has opened a new page in its energy strategy linked to the European market, following the implementation of the oil and gas cooperation agreement with Azerbaijan under a presidential decree published in the latest issue of the official gazette, which includes the ratification of the memorandum of understanding signed between the two countries in September 2022. According to the decree signed by President Abdelmadjid Tebboune, it ratifies the memorandum of understanding on cooperation in the field of oil and gas between Algeria and Azerbaijan signed in Algeria in November 2022. The details of the memorandum included in the official gazette state that the agreement aims to enhance bilateral cooperation in the field of oil and gas.

May 29, 2026echoroukonline.com
Economic Policy
Algeria, the Hub of African Integration

Algeria, the Hub of African Integration

Brazzaville - An official from the African Development Bank confirmed that Algeria can play a pivotal role in the dynamics of continental development thanks to its strategic location, economic weight, and firm commitment to achieving African economic integration.

May 29, 2026aps.dz
Energy & Hydrocarbons
Brent crude barrel at $92.61

Brent crude barrel at $92.61

Oil prices are experiencing fluctuations in the market amid current geopolitical tensions, while investors are awaiting global demand prospects and developments in global conditions. Before noon, the price of a North Sea Brent crude barrel for July delivery, on its last trading day, fell by 1.17% to $92.61, significantly lower than the $100 level that had been …

May 29, 2026al24news.dz
Economic Policy
AL24 | الاقتصاد

Dollar Heads for Weekly Loss Amid Reports of Agreement Between the US and Iran

The dollar continued its decline against major currencies on Friday, on track to end the week lower, following reports that the United States and Iran reached an agreement to extend the ceasefire and lift restrictions on navigation through the Strait of Hormuz. Four sources told Reuters that the agreement, which is still awaiting approval from President Donald Trump, will extend the ceasefire for 60 days and restore freedom of navigation through the strategic waterway while negotiators address tough issues such as Iran's nuclear program.

May 29, 2026al24news.dz
Economic Policy
AL24 | الاقتصاد

Dollar Heads for Weekly Loss Amid Reports of Agreement Between the U.S. and Iran

The dollar continued its decline against major currencies on Friday, on track to end the week lower, following reports that the United States and Iran reached an agreement to extend the ceasefire and lift restrictions on navigation through the Strait of Hormuz. Four sources told Reuters that the agreement, which is still awaiting approval from President Donald Trump, will extend the ceasefire for 60...

May 29, 2026al24news.dz
Manufacturing & Industry
Algeria is the third largest Arab country in operational capacity for the steel industry by 2026

Algeria is the third largest Arab country in operational capacity for the steel industry by 2026

Algeria ranked third among Arab countries in terms of operational capacity for the steel industry in 2026, with a production capacity of 8.7 million tons annually, behind Egypt and Saudi Arabia, according to a recent report by the Energy Research Unit. The report indicated that the top 10 Arab countries in operational capacity for the steel industry collectively have a production base exceeding 59 million tons annually, representing about 2.7% of the total global operational capacity estimated at 2.216 billion tons annually. View the full content on Echourouk Online.

May 29, 2026echoroukonline.com
Energy & Hydrocarbons
اقتصاد البلد

Oil Prices: Decline and Head Towards the Biggest Weekly Loss Since April

Oil prices fell today and are heading towards the biggest weekly loss since early April 2026, following reports of an agreement between Washington and Tehran to extend the ceasefire, although the agreement has not yet been ratified. Futures contracts for West Texas Intermediate crude for July fell by 1.19% to $87.84 per barrel. Meanwhile, futures contracts for Brent crude for the same month dropped by 0.96% to $92.81 per barrel. Brent crude has declined by 10.5% this week, marking the largest drop since the week ending April 6, 2026, while West Texas Intermediate crude suffered a weekly loss of 9.2%, the largest since the week ending April 13, 2026.

May 29, 2026iqtissadalbalad.dz
Energy & Hydrocarbons
Trans-Saharan Gas Pipeline: A Strategic Project and a Real Economic Corridor

Trans-Saharan Gas Pipeline: A Strategic Project and a Real Economic Corridor

The head of the African Development Bank Group office in Algeria, Abdelkader Delita, highlighted the importance of the strategic Trans-Saharan gas pipeline project. This statement was made by the mentioned official today, Friday, on the sidelines of the ongoing annual meetings of the African Development Bank in Brazzaville. Delita stated that this project will contribute to 'enhancing energy security, regional integration, and continental cooperation, and will form a 'major energy corridor.'

May 29, 2026radioalgerie.dz