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Report: SONATRACH's Deal with Germany Tops Largest Arab Gas Deals in July

The first deal for the export of liquefied natural gas from Algeria to Germany has emerged among the largest Arab gas deals in July 2026, in a move that strengthens SONATRACH's position as a key supplier of liquefied natural gas and opens a new export route to the largest European economy, according to a monthly report published by the specialized energy platform. The report clarified that SONATRACH delivered the first shipment of liquefied natural gas to Germany via the floating regasification terminal 'Wilhelmshaven 1', after loading it from the gas liquefaction complex 'GL 2 Z' in Bethioua, and transporting it by the LNG carrier 'Tassala' owned by the Algerian company. Read the full content on Echourouk Online.

Aug 1, 2026

echoroukonline.com

Economic Policy

Report: Algeria Among the Top 6 African Countries in the Prosperity Index for 2026

Algeria ranked sixth in Africa and 83rd globally in the Legatum Prosperity Index for 2026, which measures prosperity levels in 161 countries worldwide, based on a comprehensive methodology that goes beyond traditional economic indicators to include development, freedom, and social cohesion. The index in its new version adopted a mathematical methodology known as 'p-averaging', which does not allow strengths in one area to compensate for weaknesses in other areas, thus providing a more balanced and comprehensive assessment of prosperity levels. View the full content on Echourouk Online.

Aug 1, 2026

echoroukonline.com

Energy & Hydrocarbons

SONELGAZ Completes Replacement of High Voltage Power Line and Restores Service in Record Time

SONELGAZ teams completed the replacement of the transmission wire for the high voltage line (60 kilovolts) early Saturday morning, restoring the line to service after four hours from the start of the operation, as part of a maintenance and development program for the electricity transmission network, ensuring continuity of power supply and enhancing the stability of the electrical network. SONELGAZ reported that the work began at four o'clock in the morning, after mobilizing all human and material resources, along with specialized technical teams that initiated field intervention, before completing the operation around eight o'clock in the morning, and the power line was restored to service normally. Read the full content on الشروق أونلاين

Aug 1, 2026

echoroukonline.com

Energy & Hydrocarbons

Oil prices rise by more than 1 percent, recording their strongest monthly performance since March

Oil prices rose by more than one percent at settlement yesterday, marking the largest monthly increase since March. Brent crude futures increased by $1.09, or 1.2 percent, to $90.12 per barrel. Meanwhile, West Texas Intermediate crude futures rose by $1.08 or 1.3 percent, to $84.67 per barrel. Brent recorded gains of 24 percent in July, while West Texas Intermediate gained 21 percent.

Aug 1, 2026

radioalgerie.dz

Energy & Hydrocarbons

Reuters: SONATRACH Raises LPG Prices for August

SONATRACH has raised the official selling prices of liquefied petroleum gas for August by between 19 and 23 percent, amid rising prices driven by increased demand in global markets, according to Reuters citing traders. The agency reported that SONATRACH raised the official selling price of propane by $100 per ton to reach $540 per ton, and raised the price of butane by $90 per ton to reach $570 per ton. Read the full content on Echourouk Online.

Aug 1, 2026

echoroukonline.com

Manufacturing & Industry

Algerian Steel for Automobile Manufacturing Starting from September

Tosyali Algeria has taken a new step towards supporting the local automobile industry, after successfully producing the first coil of pickled and oiled steel at the cold rolling complex, which is the essential material for manufacturing steel sheets used in car bodies, household appliances, and several advanced industries. This achievement, according to a statement from Tosyali, which Echourouk received a copy of, represents the first fruits of the fourth phase of the complex's investments, as the first coil was produced on July 28, 2026, on the pickling and cold tandem rolling line, paving the way for full production across the complex's various lines in the upcoming month of September. The cold rolling complex is located on an area...

Jul 31, 2026

echoroukonline.com

SMEs & Local Business

Targeting Handling Agreements with 1000 Institutions and 50 Major Companies

The Algerian Institution for Youth Support and Entrepreneurship Development has launched a national initiative aimed at small and medium-sized enterprises and startups, as well as university students with innovative projects in the industrial field, aimed at enhancing industrial subcontracting and contributing to the development of local value chains. The official launch took place on Thursday in Algiers during an event organized under the auspices of the Minister of Industry, with the presence of representatives from the ministry and several related sectors, as well as officials from public and private national bodies and institutions. The initiative, named 'Integration', will extend until September 24, with a program that includes four regional seminars in Algiers, Annaba, Oran, and Ouargla, and 16 training workshops.

Jul 31, 2026

echoroukonline.com

Manufacturing & Industry

The government accelerates the return of the automotive industry and opens closed units

The factories of 'Kia', 'Hyundai', 'Sofac', and 'Suzuki' are on the list for reviving local subcontracting, laying the foundation for a true Algerian automotive industry. Prime Minister Aïmene Benabderrahmane will oversee the revival of the brake pads production plant (formerly Tahkout) in El Harrach, east of the capital, which was recovered as part of anti-corruption efforts. This step reflects the acceleration of the government's strategy to revive the recovered industrial fabric and transform factories that have been idle for years into productive units that contribute to building a comprehensive automotive industry, based on subcontracting, increasing the local integration rate, and reducing the import bill. The brake pads factory in El Harrach is one of the most prominent industrial projects that halted after the involvement of its previous owners in corruption cases.

Jul 31, 2026

echoroukonline.com

Technology & Digital

ENI Ensures Installation and Maintenance of All Electronic Payment Devices in Algeria

The National Electronic Industries Company has officially obtained the approval of the Economic Interest Group for Automatic Payment (GIE Monétique), according to the Algerian News Agency. This approval, which represents a new strategic milestone in the process of enhancing automatic payment and electronic payment in Algeria, allows the company to expand the scope of its technical services to ensure the installation and maintenance of all electronic payment devices across the national territory, regardless of their brand or source, after its activities were previously limited to devices belonging to its own brand. Read the full content on Echourouk Online.

Jul 31, 2026

echoroukonline.com

Banking & Finance

Algerian Insurance Company Raises Its Capital to 40 Billion Dinars

The Algerian Insurance Company has raised its capital from 35 billion dinars to 40 billion dinars by integrating reserves, reflecting the strength of its financial position and enhancing its ability to meet obligations in the fields of insurance and reinsurance. The company stated in a statement issued yesterday, Thursday, that this decision was approved during the extraordinary general assembly held on June 15, coinciding with the ordinary general assembly dedicated to approving the financial statements for the year 2025. Read the full content on Echourouk Online.

Jul 31, 2026

echoroukonline.com

Other

Gold Heads for First Monthly Gains in 5 Months

Gold prices are set to achieve their first monthly gains in five months on Friday, supported by buying activity, trading at attractive levels of $4000 per ounce. December futures contracts for gold fell by 1.01% to $4118.60 per ounce. Spot contracts for the yellow metal declined by 1.14% to $4056.80 per ounce, according to trading data.

Jul 31, 2026

echaab.dz

Sustainability & Green Economy

Bouzegza follows up on the progress of studies related to major strategic water transfer projects

The Minister of Water Resources, Lounes Bouzegza, monitored the progress of studies related to the major strategic water transfer projects 'South-South' and 'South-High Plateaus', emphasizing the need to complete the technical and administrative procedures in preparation for the implementation of these projects, according to a statement from the ministry.

Jul 31, 2026

radioalgerie.dz

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