Latest updates from the Algerian business ecosystem
The National Savings and Reserve Fund – Bank has launched a new savings scheme aimed at individuals under the name 'Savings Progress'. The National Savings and Reserve Fund stated that this scheme allows for returns on deposits while maintaining the ability to withdraw funds at any time. View the full content on Echourouk Online.
The Minister of Finance, Mohamed Lamine Lbough, oversaw the handover ceremony to Mohand Bouraï, who was appointed as the Governor of the Bank of Algeria, succeeding him. The handover ceremony took place at the headquarters of the Bank of Algeria, in the presence of the agency's officials. In his speech on the occasion, Mr. Lbough stated that 'the President of the Republic has tasked me with handing over the duties to Mr. Mohand Bouraï as Governor of the Bank of Algeria starting from today.'
Oil prices varied at settlement yesterday, Thursday. Brent crude futures fell by 11 cents, or 0.12 percent, to $95.52 per barrel. U.S. West Texas Intermediate futures rose by 29 cents, or 0.32 percent, to $91.30. Both crude types recorded their highest levels in six weeks earlier in the session.
The National Savings and Reserve Fund – Bank, today Thursday, launched a new savings scheme aimed at individuals under the name 'Savings Progress'. According to the fund's statement, the scheme allows for returns on deposits while maintaining the ability to withdraw funds at any time. This scheme is based on a mechanism of progressive returns, with an interest rate that increases according to the level of savings achieved, in line with the applicable scale. The fund stated that the accrued interests are calculated and paid quarterly.
Algeria - The National Savings and Investment Fund-Bank announced today, Thursday, the launch of a new savings scheme aimed at individuals under the name 'Epargne Progress', which allows for returns on deposits while maintaining the ability to withdraw funds at any time.
The Algerian-Nigerien consultations on enhancing technical cooperation in the field of public works and infrastructure culminated today, Thursday, in Algiers, with the signing of specific agreements and the adoption of a joint action plan, according to a statement from the Ministry of Public Works and Infrastructure. The statement clarified that the Minister of Public Works and Infrastructure, Abdelkader Djellali, received at the ministry's headquarters a Nigerien delegation led by the Secretary General of the Ministry of Equipment and Infrastructure, Abdallah Ouma Ahmed, accompanied by general directors of laboratories affiliated with the sector in Niger.
The Algerian public company 'Inatal', specialized in electronic industries and digital solutions, signed a protocol agreement to oversee the expansion project of Kinshasa city. The agreement was signed with the permanent coordination of the strategic committee within the framework of the 'Kinshasa Kia Muna' project in the Democratic Republic of the Congo. According to a statement from the company, the agreement came as part of a coalition that includes 'Inatal' and the companies PGS Africa and DABYAN, aimed at implementing a comprehensive digital, industrial, and technological program.
The Minister of Agriculture, Rural Development and Fisheries, Sid Ali Khaldi, confirmed that "all losses of affected farmers will be compensated, regardless of their type." This statement was made during his conversation with farmers and citizens in some villages of the municipalities of Ouled Yahia Khadrouch and Bourawi Belhadj in Jijel province on Thursday. The minister reassured: "All farmers affected by the recent fires in the province will be compensated for all losses, regardless of their type."
The General Manager of 'Saida', Younes Bouarara, conducted a work visit and inspection to the site of the paracetamol raw material production project in Batna province to assess the progress of its implementation.
Algeria - The Minister of Finance, Mohamed Lamine Lboud, today Thursday in Algiers, oversaw the handover ceremony to Mohand Bouraï, who was appointed as the Governor of the Bank of Algeria, succeeding him.
The Ministry of Internal Trade and National Market Regulation, in coordination with the governors of the republic, is organizing trade fairs across 69 provinces, aimed at meeting the needs for the school year 2026-2027, starting from September 5, according to a statement from the ministry today, Thursday.
Mohand Bouraï assumed his duties as the new Governor of the Algerian Central Bank on Thursday, September 3, succeeding Mohamed Lamine Labo, who was appointed Minister of Finance in the recent partial cabinet reshuffle. Finance Minister Mohamed Lamine Labo oversaw the inauguration ceremony of Bouraï in his new position as Governor of the Bank of Algeria. Read the full content on Echourouk Online.
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