Latest updates from the Algerian business ecosystem
The Algerian Popular Credit announced the launch of the CPA VISA Classique international card (a card designed to benefit from the right of exchange), which is a new banking product aimed at travelers, allowing them to benefit from the right of exchange for travel abroad in accordance with applicable regulations.
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Algeria - The Algerian Popular Credit announced the launch of the CPA VISA Classique international card (a card dedicated to benefiting from the currency exchange right) which is a new banking product aimed at travelers, allowing them to benefit from the currency exchange right for travel abroad in accordance with applicable regulations. In a statement yesterday, Monday, the bank clarified that this card is exclusively dedicated to the amount granted under the currency exchange right for travel abroad.
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The President, Mr. Abdelmadjid Tebboune, highlighted the progress being made in the durum wheat sector in Algeria, where it is expected to achieve self-sufficiency in the current agricultural season. In his regular meeting with representatives of national media, broadcast last night via national television and radio channels, the President considered that achieving this result is akin to a 'miracle', pointing to a number of positive factors that contributed to increasing national production, primarily the change in technical pathways and the good level of rainfall.
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Oil prices continued to decline today, Tuesday, falling by more than a dollar per barrel, reaching their lowest levels since July 20. Brent crude futures dropped by $1.47, or 1.66%, to $86.89 per barrel, while West Texas Intermediate crude fell by $1.45, or 1.76%, to $81.16 per barrel. Both contracts had recorded a decline of about 8% in the previous session.
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The Director General of Customs, Major General Abdel Hafiz Bekhouch, has embarked on a working visit to the Libyan capital, Tripoli, accompanied by a delegation from the General Directorate of Customs, as part of efforts to enhance customs cooperation and coordination between Algeria and Libya, according to a statement from the General Directorate of Customs issued today, Tuesday. The Algerian delegation was received upon its arrival on Monday in Tripoli by the Director General of the Libyan Customs Authority, along with several officials and staff members of the authority.
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The Minister of Interior, Local Communities, and Transport, Saïd Sayoud, renewed the state's commitment to providing various forms of support and accompaniment to ensure the success of the partnership project 'Our Country Algeria'. This was during his meeting with the Chairman of the project's Board of Directors, Ali Al-Ali, and the accompanying delegation, where the meeting was dedicated to evaluating the progress of the project's implementation and discussing logistical aspects, particularly related to the transport sector, to ensure its realization under the best conditions. The meeting, which took place yesterday, Monday, at the Government Palace in the presence of central officials from the ministry, reviewed the progress of the 'Our Country Algeria' project, discussing various logistical requirements supporting it, especially those related to the transport sector, with the aim of providing suitable conditions for the success of this project.
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The Ministry of Foreign Trade and Export Promotion, in coordination with the Wilaya of Sidi Bel Abbès, is organizing the National Salon for Algerian Fruits Intended for Export from July 30 to August 2, 2026, as part of efforts to support agricultural exports and enhance the presence of Algerian products in foreign markets. The ministry stated in a press release issued yesterday, Monday, that the event will take place at the 'Idda Boujelal' Sports Hall in the Wilaya of Sidi Bel Abbès, bringing together producers, exporters, and economic operators, providing a space for establishing new business partnerships and enhancing cooperation among various stakeholders in the export-oriented fruit sector. Read the full content on Echourouk Online.
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The Director General of the Algerian Investment Promotion Agency, Omar Rakash, discussed with a delegation of 15 businessmen from the Sultanate of Oman investment opportunities in the digitization sector and digital solutions, during a working visit aimed at realizing new investment projects and establishing partnerships with Algerian institutions, with the agency confirming its commitment to accompany investors at various stages of their project implementation. The Omani delegation was headed by the Undersecretary of the Ministry of Transport, Communications, and Information Technology, Ali bin Amer Al-Shaidhani, in the presence of officials from the Algerian Investment Promotion Agency and the High Commission for Digitization, led by the Secretary General of the Commission, Rafiq Adour. Read the full content on Echourouk Online.
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The Minister of Energy and Renewable Energies, Mourad Adjoul, and his Mozambican counterpart, Minister of Mineral Resources and Energy Estifao Thomas Rafael Bali, agreed to accelerate the implementation of bilateral cooperation projects in the energy sector, notably the project to establish a power generation station with a capacity of 2×20 megawatts, as well as to expand the partnership to include various activities related to the value chain in the sector. The Ministry of Energy and Renewable Energies stated in a statement that the meeting held yesterday evening via videoconference is part of the implementation of the directives of the President of the Republic, Abdelmadjid Tebboune, aimed at enhancing cooperation with African countries and making it a lever for joint development. Read the full content on...
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The Minister of Energy and Renewable Energies, Mourad Ajjal, has ordered to accelerate the pace of implementing strategic projects aimed at enhancing the national electricity system, while adhering to the specified deadlines for their commissioning. He emphasized that these projects are a priority to ensure increased electricity production capacity, secure the continuity of public service, and enhance the security of the electricity system in light of the growing demand for energy. The minister's directives came during his chairing of the sectoral coordination committee meeting yesterday, Monday, in the presence of ministry officials and the acting CEO of Sonelgaz and the group's executives, where the meeting was dedicated to evaluating the implementation of decisions and directives arising from previous meetings and studying several files.
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The President of the Republic, Mr. Abdelmadjid Tebboune, highlighted the progress being made in the hard wheat sector in Algeria, where it is expected to achieve self-sufficiency in the current agricultural season.
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The President of the Republic, Mr. Abdelmadjid Tebboune, emphasized the importance of revising the partnership agreement with the European Union, especially with the Algerian economy entering a new phase characterized by production diversification.
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