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Banking & Finance
Dollar Near Lowest Level in Two Months Awaiting U.S. Inflation Data

Dollar Near Lowest Level in Two Months Awaiting U.S. Inflation Data

The U.S. dollar stabilized today, Monday, near its lowest level in two months against major currencies, as investors await U.S. inflation data set to be released this week in search of indicators regarding the Federal Reserve's interest rate path. The dollar index remained at 99.6 points, while the euro rose to $1.1558, the British pound held steady at $1.3490, and the yen stabilized at 157.90 against the dollar.

Aug 10, 2026radioalgerie.dz
Economic Policy
AL24 | الاقتصاد

David Amiel: Public Finances in France are Like a Powder Keg

French Budget Minister David Amiel described the state of public finances as a 'powder keg' and urged not to postpone decisions regarding public spending cuts until after the presidential elections scheduled for next year. In an interview with the British newspaper 'Financial Times', David Amiel stated that reducing public spending is the top priority and that France should not delay tough decisions related to public spending cuts until after the presidential elections next year, adding that he is currently preparing the budget for 2027 to present it to Parliament next fall, and he considered that the state of the country's public finances resembles a 'powder keg'. Amiel stated that the government does not want to shift the responsibility for addressing the crises...

Aug 9, 2026al24news.dz
Diaspora & International
Sahel: Mali joins the dynamics of Algiers

Sahel: Mali joins the dynamics of Algiers

Prime Minister Sifi Ghrieb spoke by phone this Sunday, August 9, 2026, with his Malian counterpart, Division General Abdoulaye Maïga, and invited him to make a working visit to Algiers. This gesture is part of a broader sequence of Algerian diplomatic action aimed at strengthening the integration of African economies.

Aug 10, 2026ecotimesdz.com
Investment & FDI
ECOTIMES

Algerian offshore basin: SLB invites foreign investors

SLB, formerly Schlumberger, one of the leading companies in the oil services sector, has just delivered the first results of its partnership with Alnaft called EXALT in the offshore sector, aimed at assisting foreign investors in evaluating technical data and thus inviting them to invest in Algeria. Its work has involved reassessing the 2D seismic data collected and thus providing investors with a clearer picture, better visibility on Algeria's offshore potential, and encouraging them to begin offshore exploration in Algeria.

Aug 10, 2026ecotimesdz.com
Trade & Exports
Decline in French exports to Algeria: Free fall

Decline in French exports to Algeria: Free fall

The figures speak for themselves: between July 2025 and June 2026, trade between Algeria and France fell by nearly 20%, amounting to 8.9 billion euros compared to 11 billion in 2024, according to data published on August 7, 2026, by French customs. Far from reflecting a fragility of the Algerian economy, this development illustrates, on the contrary, the effectiveness of the economic sovereignty policies undertaken by Algiers and the acceleration of its strategy for diversifying partnerships.

Aug 10, 2026ecotimesdz.com
Banking & Finance
100 trillion in Islamic banking and these are the details of 'Halal Visa'

100 trillion in Islamic banking and these are the details of 'Halal Visa'

Accounts in hard currency without mixing funds with traditional banking activities. Mazari: Very encouraging development and significant expansion in Islamic financing offers for accounts, savings, real estate, and cars, with a focus on financing institutions. The size of the Islamic banking market in Algeria has exceeded 1000 billion dinars, or 100 trillion centimes, at a time when banks are expanding their services to include international payment methods, including Islamic 'Visa' cards, coinciding with the increasing importance of bank cards in benefiting from the exchange right estimated at 750 euros. Islamic bank customers can also benefit from 'interbank' cards and international payment cards compatible with Islamic banking, some of which can be equipped...

Aug 9, 2026echoroukonline.com

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