Latest updates from the Algerian business ecosystem
Gold prices in futures trading rose by nearly $38 during trading on Monday, continuing to reap gains from last week, amid anticipation of the Federal Reserve's minutes.
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Algeria Telecom has urged neighborhood committees to participate through the digital form designated for reporting areas not covered by the fiber optic network (FTTH).
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Algeria is accelerating its steps towards diversifying its economic partners by opening new channels of cooperation with nine countries in Asia, Africa, and Europe, as part of a strategy aimed at expanding foreign markets, attracting quality investments, and enhancing exports outside the hydrocarbons sector.
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Ali Kessaci was installed as the new CEO of the National Company of Railway Transport (SNTF) on Saturday in Algiers, according to a statement from the Ministry of Interior, Local Authorities and Transport. "In accordance with the instructions of the Minister of Interior, Local Authorities and Transport, Mr. Saïd Sayoud, the Secretary General (SG) of the ministry presided over the installation ceremony of Mr. Ali Kessaci, the new CEO of the National Company of Railway Transport (SNTF) on Saturday, July 4, 2026," the statement reads.
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Dr. El-Houari Tigrassi, a professor of economic sciences, confirmed that the projects overseen by the President of the Republic, Mr. Abdelmadjid Tebboune, launched and inaugurated on the occasion of the 64th anniversary of Independence Day, have a strategic nature and carry political, economic, social, and technological dimensions, reflecting the state's vision to complete the process of building a modern and contemporary Algeria, faithful to its social character, and capable of achieving digital sovereignty and leadership in the fields of science, technology, and innovation.
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On Monday, oil prices recorded a slight decline at the beginning of trading, in response to an increase in supply in the market, which reduced concerns about supply shortages. During the morning session, the price of Brent crude for September delivery fell by 0.71% to $71.61 per barrel. Similarly, the U.S. counterpart, West Texas Intermediate crude for August delivery, decreased by 0.66% to $68.24 per barrel.
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A World Bank report revealed that Algeria recorded more than 75,000 forest fires between 1985 and 2022, with an annual average of about 35,000 hectares of burned forests. The direct losses from the summer 2021 fires in the agriculture and housing sectors alone exceeded $124 million, after the fires claimed the lives of more than 100 people, prompting authorities to adopt a new approach to managing forest fire risks, focusing on prevention and enhancing resilience. The report, published last June and titled 'From Fires to Resilience: Rethinking Algeria's Forest Management,' indicated that the areas burned annually are equivalent to about 50,000 football fields.
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A recent report from the specialized energy research unit revealed that Algeria requires investments estimated at around $25 billion to develop the hydrogen sector and achieve its goals by 2040, enabling it to produce up to 1.2 million tons of green hydrogen annually for export. The report explained that the Algerian strategy is based on developing the hydrogen sector through two parallel paths: the first for producing green hydrogen relying on renewable energy, and the second for producing blue hydrogen using natural gas and carbon capture and storage technologies, benefiting from its large gas reserves. Read the full content on الشروق أونلاين.
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The meteorological services reported thunderstorms and strong winds accompanied by heavy sandstorms across several provinces of the country today, Monday.
iqtissadalbalad.dzAccording to the British news agency, a model called GLM-5.2, launched last month by the Beijing-based startup Z.ai, could finally bridge this gap in terms of Western interest. GLM-5.2 is making waves in Silicon Valley due to its coding and agent capabilities, or its ability to perform complex tasks with minimal instructions, which nearly rival the leading American offerings at a much lower cost, in what some experts are calling a 'mini DeepSeek moment', reports the same source according to which this model has quickly climbed the ranks of the rankings...
ecotimesdz.comAccording to the document, the cereal harvest that began in mid-June is expected to continue until mid-August. The start of the campaign was marked by dry conditions that delayed sowing and hindered crop development in the production areas of the western part of the country. However, the abundance of rainfall recorded from December 2025 allowed for a significant recovery of crops across the national territory. The northeastern regions, particularly the wilayas of Constantine and Skikda, particularly benefited from this phenomenon: the recorded rainfall...
ecotimesdz.comThe conclusion drawn is unequivocal: the country is no longer limited to managing its oil rent, but is undertaking a profound overhaul of its development model, with concrete opportunities for American investors. The energy sector remains, unsurprisingly, at the forefront of this dynamic. The CEO of SONATRACH, Nour Eddine Daoudi, detailed a five-year investment plan of 60 billion dollars, most of which will be directed towards upstream — exploration and production — with a dual objective: renewing national reserves and developing offshore ...
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