Latest updates from the Algerian business ecosystem
The Minister of Industry, Farid Kourtel, presented an overview to the Finance and Budget Committee of the National People's Assembly regarding the priorities and outlines of the sector's budget.
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French stocks led declines in European markets during trading on Monday, after the CAC 40 index recorded a drop of 1.02%, following a wave of protests and violence that occurred in the country over the weekend, amid ongoing economic pressures and weak investor confidence. According to Reuters, French stocks fell at a time when the second-largest economy in the Eurozone is facing a slowdown in growth and rising debt levels, coinciding with protests that erupted over rising prices and the deterioration of public services. View the full content on Echourouk Online.
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Algeria - The Minister of Industry, Farid Kourtel, began today, Monday, presenting a report to the Finance and Budget Committee of the National People's Assembly regarding the priorities and outlines of the sector's budget for 2027, as part of the study and discussion of the draft finance law for the upcoming year.
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The central director of the National Professional Office of Cereals, Boumediene Omarani, confirmed that all resources have been mobilized to ensure the success of the tillage and sowing campaign for the agricultural season 2026-2027, by providing various types of seeds for hard and soft wheat and barley, including facilitating procedures for farmers to obtain financing and technical support. Omarani explained during his appearance this Monday on the program 'Guest of the Morning' on the first radio channel that the office aims to market more than 2.5 million quintals of various types of seeds, with the possibility of reaching 3 million quintals depending on the demand registered with cooperatives.
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Algerian clinker exports have risen from 4 to 5 million tons annually to nearly 11 million tons, while Algeria has shifted from importing iron and steel products worth 5 billion dollars in previous periods to exporting products valued between 650 and 700 million dollars, according to foreign trade expert Ali Bay Nasri. View the full content on Echourouk Online.
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The Commission for the Regulation and Supervision of Stock Exchange Operations has adopted system No. 26-01, amending and supplementing system No. 23-04 related to the general system of the stock exchange for transferable securities, with the aim of establishing a regulatory framework specifically for qualifying green bonds in the Algerian financial market, allowing the direction of capital towards sustainable and environmental projects. The commission clarified, in a statement issued yesterday, that the new system defines the conditions for qualifying debt securities as green bonds, so that they can be accepted for trading in the premium and emerging sections of the bond market at the Algerian Stock Exchange, provided that the funds raised are exclusively allocated to financing or refinancing eligible projects. Read the full content on الشروق أونلاين.
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Oil prices fell this Monday as Brent crude futures dropped by $1.94, equivalent to 1.77%, to $107.92 per barrel, after closing on Friday at their highest level since May 19. West Texas Intermediate crude recorded $100.58 per barrel, down 83 cents or 0.82%, after closing on Friday at its highest level since September 17.
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The Wilaya of Chlef aims to produce more than one million quintals of various types of grains during the agricultural season 2026/2027, supported by the expansion of cultivated areas to 65,000 hectares, compared to about 60,000 hectares during the previous season, according to the Directorate of Agricultural Services. The sector director, Mehdi Guaderia, stated in a statement to the Algerian News Agency that increasing the area allocated to the grain sector is part of efforts to enhance agricultural production and improve productivity, noting the mobilization of the necessary material and human resources to ensure the success of the plowing and sowing campaign. Watch the full content on Echourouk Online.
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Belaribi presides over the drafting of the bill establishing the rules for construction and development in forest areas against fires.
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Resolution A/HRC/63/L.25: Rachid Cheriti analyzes the North-South divide of AI and the Algerian advocacy for cognitive sovereignty
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Exclusive interview with Mustapha Mekideche on the 2027 Finance Bill: rise in fuel prices, budget deficit, subsidies, and informal taxation
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The Minister of Industry, Fred Kortal, emphasized the need to respect the deadlines set for the implementation of the 'Sukoon Algeria' vehicle manufacturing project in Batna. This came on Sunday in Algiers, during Kortal's reception of representatives from 'Sukoon Algeria', in the presence of officials from the ministry. Kortal directed efforts towards developing a real and sustainable industrial activity. He confirmed the importance of respecting the deadlines set for the project and working towards developing a real and sustainable industrial activity based on local production.
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