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The El Niño phenomenon threatens a new rise in global food prices

The El Niño phenomenon threatens a new rise in global food prices

Analysts have warned that the anticipated El Niño phenomenon, expected to be of record strength, could lead to further disruptions in food prices, after prices of some essential products, including tomatoes, potatoes, and carrots, saw sharp increases this year, amid fears of potential impacts on crops and global supplies. A report from GlobalData TS Lombard indicated that the latest wave of the El Niño phenomenon is likely to reach 'very strong intensity' and may become the strongest ever, according to estimates from the National Oceanic and Atmospheric Administration, the World Meteorological Organization, and the European Centre for Medium-Range Weather Forecasts. Watch the full content on الشروق أونلاين T...

Jul 12, 2026echoroukonline.com
Béjaïa Port Enhances Its Operational Capabilities with the Acquisition of a New Crane

Béjaïa Port Enhances Its Operational Capabilities with the Acquisition of a New Crane

The Béjaïa Port Authority has enhanced its capabilities in handling and equipment by receiving a new crane of the type 'LIEBHERR' with a capacity of 124 tons, as part of its strategic investment program and modernization of national port infrastructure. The port authority clarified that the acquisition of this crane is part of the implementation of the directives of the Minister of Interior, Local Communities, and Transport aimed at strengthening and modernizing port facilities, as well as realizing the policy of the Sarbor Group aimed at developing and integrating various Algerian ports. Read the full content on Echourouk Online.

Jul 12, 2026echoroukonline.com
Oil May Exceed $100 in 2027

Oil May Exceed $100 in 2027

The CEO of the Italian energy company Eni, Claudio Descalzi, warned of the possibility that global oil prices could exceed $100 per barrel in the early months of 2027, if geopolitical tensions in the Middle East and disruptions in crude supplies continue. Descalzi explained, according to media reports, that oil prices could move out of their current range of $80 to $100 per barrel by the first quarter of 2027 at the latest if escalation in the region continues, noting that this could raise global inflation rates and reduce energy demand. View the full content on Echourouk Online.

Jul 12, 2026echoroukonline.com
Algeria: The IMF warns about budgetary and external imbalances.

Algeria: The IMF warns about budgetary and external imbalances.

Despite an expected growth of nearly 4% in 2026, the International Monetary Fund estimates that the Algerian economy remains vulnerable. The IMF forecasts a growth of 3.8% in Algeria in 2026 but warns about the budget deficit, public debt, foreign exchange reserves, and calls for accelerating economic reforms.

Jul 12, 2026algerieinvest.dz

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