Latest updates from the Algerian business ecosystem
Algeria - Minister of Industry, Yahia Bachir, and Congolese Minister of Cooperation and Development of Public-Private Partnerships, Denis Christel Sassou Nguesso, visited the cement factory of M'tidja in Miftah, which belongs to the 'GICA' group, where the Algerian capabilities in the field of building materials were showcased.
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The Minister of Industry, Yahia Bachir, discussed with the Minister of Cooperation and Promotion of Public-Private Partnership of the Republic of Congo, Denis Christel Sassou Nguesso, ways to enhance bilateral cooperation and expand the industrial partnership between the two countries, focusing on several strategic sectors, notably iron and steel industries, construction materials, and chemical, mechanical, and electronic industries, along with enhancing the transfer of expertise and technical exchanges to support African integration and South-South cooperation. This meeting comes within the framework of the working visit by the Congolese minister to Algeria at the head of a high-level delegation, during the period from July 20 to 22, according to a statement from the Ministry of Industry.
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The Secretary of State to the Minister of Mines and Mining Industry, in charge of mines, Karima Bekir Tafer, oversaw the inauguration of the production and valorization unit of celestine belonging to the 'Ikhwan Zerkoun' group in Beni Mansour (Bejaia Province), confirming that the project represents an important mining industrial investment that falls within the state's efforts to diversify the national economy outside the hydrocarbons sector, enhance local production, and open new horizons for export. Bekir Tafer emphasized during the inauguration ceremony that this project reflects the importance the state attaches to the mining sector as one of the national strategic axes, pointing out that it embodies the directives of the President of the Republic, Abdelmadjid Tebboune, aimed at formulating a comprehensive vision that provides momentum.
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The Minister of Pharmaceutical Industry, Wassim Gouidri, renewed his sector's commitment to adopting a participatory approach with various economic actors to support investment and localize the medical supplies industry, thereby enhancing national health sovereignty and meeting local market needs, during his meeting with a delegation from the Algerian Confederation of Employers. A statement from the Ministry of Pharmaceutical Industry indicated that the minister received the delegation yesterday, Monday, chaired by Tahar Bouzid, as part of a series of consultative meetings he holds with professional partners in the sector, where the meeting was dedicated to discussing the concerns raised by members of the medical supplies sector.
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The markets of the Wilaya of Menia welcomed the first quantities of 'Mongar' dates (fresh), signaling the start of the harvesting season for one of the most popular seasonal varieties that enjoys wide consumer demand due to its sweet taste and varying colors, coinciding with the peak of summer and rising temperatures. 'Mongar' dates are characterized by their high quality and color variations ranging from golden yellow to honey, red, and brown, and include several well-known varieties in the region, including 'Mongar', which represents an early stage of ripening for 'Gharas' dates, along with varieties such as 'Baydat Al-Hamam', 'Tantaboucht', 'Warglia', 'Sheikh', 'Bassar', and 'Tafzwin', as well as other names that vary by region in the south of the country. View the full content on...
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A decision from the Ministry of Finance, published on July 15 in Official Journal No. 50, revealed on Sunday by the Algerian Investment Promotion Agency (AAPI) in a statement, delegates to the representatives of the State Domains the power to sign the economic land concession contracts themselves within the single windows. A third wave of delegation in three months.
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Algeria and South Korea take a new step in consolidating their strategic partnership. According to a statement from the South Korean Ministry of Land, Infrastructure and Transport, reported by The Korea Times, the two countries have reached an agreement on establishing direct air links and the allocation of traffic rights, a major advancement expected to further boost economic, commercial, and human exchanges between Algiers and Seoul.
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A positive development in the banking sector, credit activity resumed in 2025: the increase in loans stands at 14.26% at the end of the fiscal year.
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In just a few days, the Malaysian embassy in Algeria has made multiple strategic announcements around a single objective: to anchor the Malaysian automotive industry in the Algerian market. Under the leadership of H.E. Ambassador Datuk Rizany Irwan, a series of high-level meetings brought together industrial giants DRB-HICOM, PROTON, and MODENAS with several Algerian institutional and private stakeholders, outlining the contours of a large-scale industrial partnership between the two countries.
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Algiers and Madrid display a common willingness to revive and expand their strategic partnership. The visit of the Spanish Prime Minister, Pedro Sánchez, to Algeria reaffirmed the importance of political dialogue and identified new areas of cooperation, in anticipation of the eighth Algeria-Spain high-level meeting.
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The Minister of Pharmaceutical Industry, Wassim Guedri, renewed his sector's commitment to adopting a participatory approach with various economic actors to support investment and localize the medical supplies industry, thereby enhancing national health sovereignty, according to a statement from the ministry on Monday.
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The Governor of the Bank of Algeria, Mohamed Lamine Labo, directed bank officials to take the necessary measures to facilitate the issuance of international payment cards for citizens wishing to benefit from the currency exchange allocated for travel abroad, during a meeting held at the central bank's headquarters, according to a statement from the bank on Monday.
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