Latest updates from the Algerian business ecosystem
Algeria - The Minister of Public Works and Basic Infrastructure, Abdelkader Jlaoui, chaired a coordination meeting today, Saturday, dedicated to monitoring the progress of several strategic projects currently under implementation, according to a statement from the ministry.
Algeria - The Minister of Public Works and Infrastructure, Abdelkader Djellouli, today Saturday in Algiers, ordered practical measures to accelerate the pace of completion of the Bouchekif-Draïa section of the Eastern Mining Railway project Annaba-Blad El Hadba, emphasizing the importance of respecting deadlines and ensuring field coordination among various stakeholders, according to a statement from the ministry.
Tindouf - The study work for the South-South water transfer project linking the provinces of Timimoun and Tindouf and the Gara Djebilet area is progressing steadily, with its third and final phase reaching a completion rate of 70 percent, as part of efforts to enhance water security and support major strategic projects in the southwestern region of the country, including the Gara Djebilet mine exploitation project.
The Minister of Public Works and Infrastructure, Abdelkader Jlaoui, chaired a coordination meeting this Saturday dedicated to monitoring the progress of several ongoing strategic projects, according to a statement from the ministry.
The CEO of SONATRACH, Nourredine Daoudi, emphasized the 'utmost' importance of strict compliance with health, safety, and environmental requirements at production facilities, according to a statement from the public group issued today, Saturday.
Algeria aims to increase its solar and renewable energy capacity to 15 gigawatts by 2035, having already begun implementing an initial program to develop 3.2 gigawatts through the launch of up to 20 utility-scale projects distributed across 12 provinces. These steps come to meet the growing local demand, reduce carbon emissions, and free up larger quantities of natural gas for export, amid sector assurances that achieving these goals requires accelerating investments and transitioning to an Independent Power Producers (IPP) model to open the market to the private sector and global companies. Read the full content on الشروق أونلاين.
The Minister of Water calls for the valorization of treated water and the rationalization of consumption.
The United States and Canada are preparing to open the Gordie Howe International Bridge, which connects Detroit to the city of Windsor in Ontario, on July 27, after its operation was delayed. The decision comes after the Canadian government agreed to grant Washington a share of the net profits from toll fees, according to Bloomberg, citing informed officials. The agreement ends a tension between ...
The global capacity for liquefied natural gas reached approximately 524.5 million tons annually by the end of 2025, marking a growth of 30.1 million tons per year compared to the previous year, supported by the commissioning of new projects in the United States, Canada, and other regions. Algeria ranked seventh globally with an operational capacity of 25.5 million tons per year. A recent report from the International Gas Union, reviewed by the specialized Energy Research Unit, indicated that the enhancement of global liquefaction capacities coincided with new projects totaling 68.4 million tons per year receiving final investment decisions, the highest level since 2019. View the full content on الشروق أونلاين...
The National Agency for Support and Development of Entrepreneurship 'NESDA' is working to enhance the integration of micro-enterprises within industrial value chains by developing partnerships with national economic entities aimed at promoting subcontracting, supporting local production, and contributing to sustainably reducing the import bill. The agency clarified in a statement that this approach is part of its new strategy aimed at accompanying micro-enterprises to integrate into the national industrial system by linking them with large economic entities and opening new horizons for them in various productive fields. Read the full content on Echourouk Online.
The Algerian stock exchange is set to list two new companies on July 14 and 15, namely the public subsidiary “Krapsi” under the Ministry of Higher Education and Scientific Research, and the company “Ayraid” specialized in information and communication technology, as announced by the chairman of the stock exchange operations organization and monitoring committee “Kosob”, Youssef Bouzenada. Bouzenada clarified during a press conference organized by the committee to announce the results and details of the private subscription operations for increasing the capital of both “Krapsi” expertise institution and “Ayraid” (AYRADE) that the official listing of the two companies on the stock exchange will take place on the upcoming Tuesday and Wednesday, confirming that the subscription operations were conducted under conditions...
The International Energy Agency has lowered its forecast for the contraction of global oil demand in 2026 to one million barrels per day, compared to 1.1 million barrels per day in its previous estimates, with an expected average global consumption of 103.5 million barrels per day, according to the agency's latest report released yesterday, Friday. The agency predicted that global oil demand would begin to recover during the fourth quarter of this year with an increase of 1.2 million barrels per day, after a sharp decline during the first half of the year, and it also anticipated an increase in demand of about two million barrels per day in 2027, despite the growth rate remaining below historical averages. View the full content on الشروق أونلاين
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