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Energy & Hydrocarbons
AL24 | الاقتصاد

Ghazali: Strengthening the energy sovereignty of the continent is among the priority axes for the African Organization of Oil Producers

The Secretary-General of the African Organization of Oil Producers, Algerian Fred Ghazali, confirmed that strengthening the energy sovereignty of the continent is among the organization's priority work axes, in addition to the upcoming launch of the African Energy Bank and the development of African production capacities, facilities, and competencies, with the aim of integration. Ghazali added in a statement published on the organization's website: “Strengthening Africa's energy sovereignty is one of the organization's priorities within a new phase of its work.” He explained that this sovereignty must translate into “the ability to make strategic decisions, control our resources, develop our infrastructure, and ensure that African populations truly benefit from the energy wealth of the continent.”

Aug 20, 2026al24news.dz
Manufacturing & Industry
AL24 | الاقتصاد

Largest Vehicle Recall in China.. Tesla and 8 Companies Withdraw 4.3 Million Vehicles Due to Door Defect

Tesla, along with eight global and local automotive companies, announced on Friday that it will begin recalling approximately 4.3 million vehicles from the Chinese market, marking the largest historical recall in the country due to concerns about the difficulty of opening doors during emergencies. The Chinese State Administration for Market Regulation reported that Tesla leads the recall with about 2.98 million vehicles from Model 3, Model Y, Model S, and Model X, both locally manufactured and imported, with procedures set to begin on September 25. The recalls also included record numbers from prominent Chinese companies; among them, Xiaomi with 390,000 vehicles, Li Auto with 371,000, and Xpeng with 26...

Aug 21, 2026al24news.dz
Banking & Finance
AL24 | الاقتصاد

Gold Rises to Highest Level in 3 Months, Heading for Third Weekly Gain After U.S. Treasury Plan

Gold prices surged on Friday to their highest levels in over three months, heading for weekly gains for the third consecutive week, benefiting from the decline in the U.S. dollar index following the U.S. Treasury Department's announcement of new guidelines for bond repurchases. Gold rose in spot transactions by 2.1 percent to reach $4612.17 per ounce, after recording $4620.14 during the session, the highest level since mid-May, while U.S. gold futures rose by 2.2 percent to settle at $4670.60, marking total weekly gains of about 5 percent. Market analyses attributed this record rise to the pressures faced by...

Aug 21, 2026al24news.dz
Energy & Hydrocarbons
Oil rises by more than 2 percent at settlement

Oil rises by more than 2 percent at settlement

Oil prices rose more than two percent at settlement on Thursday, reaching their highest levels in nearly a month. Brent crude futures increased by $2.16 or 2.4 percent to $93.78 per barrel at settlement, the highest level since July 24. West Texas Intermediate crude futures for September rose by $2 at settlement to $87.83 per barrel, also the highest level since July 24.

Aug 21, 2026radioalgerie.dz
Energy & Hydrocarbons
Africa: Strengthening the continent's energy sovereignty is among the priority areas for the African Oil Producers Organization

Africa: Strengthening the continent's energy sovereignty is among the priority areas for the African Oil Producers Organization

The Secretary General of the African Oil Producers Organization, Algerian Fred Ghazali, confirmed that strengthening the continent's energy sovereignty is among the organization's priority areas, in addition to the upcoming launch of the African Energy Bank and the development of African production capacities, facilities, and competencies, aimed at integration. Mr. Ghazali added in a statement published on the organization's website: "Strengthening Africa's energy sovereignty is one of the organization's priorities within a new phase of its work."

Aug 20, 2026radioalgerie.dz
Manufacturing & Industry
Sidal: Gradual Restart of 'Pharma' Production Lines in Constantine

Sidal: Gradual Restart of 'Pharma' Production Lines in Constantine

The public group 'Sidal' has begun the gradual restart of the production lines of the former 'HOP Pharma' in Constantine. A statement from the Ministry of Pharmaceutical Industry highlighted that this step is part of efforts to enhance national production capacities and ensure the continuity of supplying the market with essential medicines. It was reported that the General Director of the 'Sidal' group, Younes Bouarara, oversaw the gradual restart of the production lines at this site.

Aug 20, 2026radioalgerie.dz
Banking & Finance
Algerian Popular Credit Proposes Financing for the Acquisition of New Buses for Passenger Transport

Algerian Popular Credit Proposes Financing for the Acquisition of New Buses for Passenger Transport

The Algerian Popular Credit announced a financing solution for professionals in the transport sector to acquire new vehicles as part of the program established by public authorities to support the renewal of the national fleet for passenger transport, which exceeds 25 years of age. This is the latest update on replacing buses that are over 25 years old. Read the full content on الشروق أونلاين.

Aug 20, 2026echoroukonline.com

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