
New Measures for Currency Declaration When Traveling
Algeria - A ministerial decision including new measures for currency declaration by travelers was issued in issue 51 of the official journal.
Latest updates from the Algerian business ecosystem

Algeria - A ministerial decision including new measures for currency declaration by travelers was issued in issue 51 of the official journal.

The Algerian Agency for Investment Promotion announced today, Thursday, the activation of the single window in its new form starting next Sunday, which enables economic operators to carry out various necessary procedures to launch their investment projects without having to move between different administrations.

Bouira - The Minister of Water Resources, Lounes Bouzegza, highlighted in Bouira that the fluctuation in the supply of drinking water experienced by some provinces is 'temporary', affirming that the seawater desalination projects currently underway will ensure water security across the country.

Oil prices rose today, Thursday, approaching the $100 per barrel mark for Brent crude, driven by geopolitical developments.

The wilaya of Mila is quietly but surely establishing itself as a strategic agricultural hub in the national landscape for widely consumed crops. Potatoes hold a vital place there, requiring constant attention to respond to market fluctuations and food security demands. The challenges of potatoes in Mila. Aware of the potential offered by the south of the wilaya, particularly the municipalities equipped with aquifers and irrigation facilities, the local agricultural services department has taken the initiative to invite land stakeholders to a concert...

To sustainably extinguish the threat, reflection is necessary. In addition to classic prevention actions and the mobilization of resources and the institutional organization required for active intervention, the fight against fires also demands beneficial transformations in the rural world, particularly in mountainous areas. Undoubtedly, rural exodus to cities – during various periods of post-independence Algeria – has left behind a complex legacy, that of land encumbered by undivided ownership and the absence of clear property titles. Due to the lack of...

In this contribution addressed to Eco Times, geophysicist Badrezzamane Hedjazi invites to move beyond the simple logic of rent to approach shale gas through the lens of competitiveness. Indeed, in the face of the inevitable decline of conventional deposits, this potential represents a major growth lever, too often blocked by poorly framed environmental arbitrations. While Algeria holds the 3rd largest global potential, Mr. Hedjazi believes that the real economic challenge lies not in the volume of reserves, but in the valorization of local human capital.

Indeed, the document, prepared by the Secretariat for Commerce and International Relations (SCRI) with the support of the network of Brazilian agricultural attachés present in 38 countries, provides a detailed overview of the Algerian cotton-textile sector and confirms Brazil's rise as a strategic supplier for the national industry. Thus, the report highlights that the Algerian textile industry, organized around its spinning, weaving, and confection units, heavily relies on external sourcing to support its development. With a consumption...

It should be noted that in 2024, private banks had invested 620 billion dinars in Treasury bonds. How can we explain this rush and the growth of Treasury bonds in the portfolios of private banks? "We observe a very significant evolution in recent years: private banks are increasingly involved in trading public securities. This activity now represents an important source of their revenues and characterizes a very significant evolution of the business models that are already deployed by private banks," analyzes Rachid Sekak. He adds that ...

Afreximbank announced the release of 200 million dollars in favor of Shoreline and Arkad SpA, and CEPSA tasked with executing part of the 980 million dollar contract with SONATRACH for the HBR project in Algeria. What does this concretely mean for Algeria? Is it a form of external financing for the country? Mohamed Krim: The announcement from Afreximbank does not mean that Algeria has benefited from a loan of 200 million dollars nor that SONATRACH has incurred debt with this institution. It is financing granted to Shoreline and Arkad SPA, the companies tasked with...

The African Import-Export Bank Afreximbank announced last Monday the unlocking of a facility of 200 million dollars aimed at supporting the execution of a large-scale oil and gas contract in the Hassi Bir Rekaiz field, in Algeria. This operation is part of a series of financings centered around a central objective claimed by the institution: to accelerate regional economic integration by providing direct support to major industrial and energy projects. In this context, Algeria does not position itself as a mere host. It joined Afreximbank as an active...

A new action plan for the promotion and development of domestic and Saharan tourism will soon be implemented. Indeed, the Ministry of Tourism and Handicrafts, meeting Tuesday in Algiers under the presidency of the Minister, Mrs. Houria Meddahi, has begun consultations with a view to developing a new strategy, in accordance with the guidelines of the President of the Republic, Abdelmadjid Tebboune, aimed at further enhancing the attractiveness of the 'Algeria destination' and restoring its former glory.
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