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Latest updates from the Algerian business ecosystem

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From 4 to 100.. A leap in converting scientific research outputs into economic projects

From 4 to 100.. A leap in converting scientific research outputs into economic projects

The Director General of Scientific Research and Technological Development at the Ministry of Higher Education and Scientific Research, Professor Mohamed Bouheicha, revealed that about 100 research products have entered the exploitation and conversion phase into economic projects, compared to only 3 to 4 projects annually in previous years. He confirmed that the ministry is also working on equipping 20 research platforms with the latest tools, in addition to developing new mechanisms to support researchers and enhance the contribution of Algerian talents both domestically and abroad. Bouheicha explained, during his appearance on the program 'Guest of the Morning' on the first radio channel, that the Ministry of Higher Education is working on creating a comprehensive ecosystem for scientific research, which includes regulatory texts that allow researchers to...

Jun 30, 2026echoroukonline.com
Oil prices drop by about 20% on Tuesday

Oil prices drop by about 20% on Tuesday

Oil prices fell in trading on Tuesday as investors awaited the results of potential talks between the United States and Iran in the Qatari capital, Doha, amid ongoing uncertainty about their official convening. Meanwhile, markets and exchanges continue to closely monitor the implications of military tensions on energy flows through the strategic Strait of Hormuz. August Brent crude futures, which expire on Tuesday, fell by 0.89% or 65 cents to reach $72.50 per barrel by 07:20 GMT, while the more actively traded September contract declined by 0.53% or 39 cents to settle at $73.52 per barrel, with these levels down by about 20...

Jun 30, 2026echoroukonline.com
The European Union begins implementing its trade agreement with America at the beginning of July

The European Union begins implementing its trade agreement with America at the beginning of July

Reuters reported, citing an official regulatory report from the European Union, that the bloc's part of the trade agreement signed with the United States last year will come into effect starting July 1, 2026, including the elimination of tariffs on many American industrial goods. The agency added that the new rules will remain in effect until December 31, 2029, with the possibility of extension later, as the report indicated that the European Commission will present, when appropriate, and after a comprehensive assessment, a legislative proposal to extend the validity period of the regulation.

Jun 30, 2026echoroukonline.com
Ataf and his Norwegian counterpart discuss enhancing partnership in energy and investments

Ataf and his Norwegian counterpart discuss enhancing partnership in energy and investments

On Tuesday, Ahmed Ataf, Minister of State, Minister of Foreign Affairs and National Community Abroad and African Affairs, discussed with the State Secretary at the Ministry of Energy of the Kingdom of Norway, Snorre Eriksen Sivertsen, ways to enhance bilateral cooperation, particularly in the fields of hydrocarbons, renewable energies, and energy transition, as well as encouraging direct investments between the two countries. A statement from the Ministry of Foreign Affairs and National Community Abroad and African Affairs indicated that Ataf received the Norwegian official, who is visiting Algeria, where both sides reviewed the reality of the historical cooperation and partnership relations that bind the two countries. Read the full content on Echourouk Online.

Jun 30, 2026echoroukonline.com
اقتصاد البلد

Yassine Walid supervises the official launch of the National Agricultural Information System

Yassine Walid, Minister of Agriculture, Rural Development and Fisheries, today, Monday, June 29, 2026, oversaw the official launch of the National Agricultural Information System, which aims to provide reliable and updated data on this strategic sector, enhancing governance and supporting decision-making at both central and local levels. This is part of the implementation of the agricultural sector action plan for 2026, particularly concerning the modernization and digitization of the sector. The system, developed by a group of young Algerian talents, was launched during a national meeting attended by sector officials at both central and local levels, directors of institutes and research centers, and officials from economic groups and regulatory agencies.

Jun 30, 2026iqtissadalbalad.dz
اقتصاد البلد

With monthly losses of 22%.. oil below $73 a barrel

Oil prices fell by more than 1% during trading on Tuesday, giving up most of the gains made in the previous session, with a trend towards recording massive monthly losses of about $20 a barrel. Oil prices had ended their trading yesterday, Monday, up by 2%, as markets awaited developments in the Middle East and the movement of ships through the Strait of Hormuz. As of 05:45 AM GMT today, the prices of Brent crude futures for August 2026 fell by 1.22%, reaching $72.26 a barrel. At the same time, the prices of West Texas Intermediate crude futures for August 2026 fell by 0.64%, reaching ...

Jun 30, 2026iqtissadalbalad.dz
Cross-Border Strategic Partnership: Algeria and Qatar Accelerate the 'Belara' and 'Baladna' Initiatives to Enhance Industrial and Food Sovereignty

Cross-Border Strategic Partnership: Algeria and Qatar Accelerate the 'Belara' and 'Baladna' Initiatives to Enhance Industrial and Food Sovereignty

In a move that confirms the strength and depth of economic relations between Algeria and Qatar, the Ministry of Industry hosted a high-level meeting yesterday, Monday, bringing together Minister Yahya Bchir and Qatari Ambassador Abdulaziz Ali Al-Naimah, with representatives from two groups that are today considered the 'locomotive' for joint investment: the Algerian-Qatari Steel Company (AQS) and the 'Baladna Algeria' group. The meeting was not just a review of bilateral relations, but a working session aimed at dismantling obstacles and accelerating the pace of progress in two strategic projects that both countries are betting on to enhance national production and reduce dependence on imports.

Jun 30, 2026iqtissadalbalad.dz
China and the European Union Launch Consultation Mechanism on Trade and Investment

China and the European Union Launch Consultation Mechanism on Trade and Investment

China and the European Union announced today, Tuesday, the official establishment of a consultative mechanism for trade and investment between the two sides. A joint statement mentioned that the two sides identified four initial work streams within this mechanism, including trade and investment balance, export controls, intellectual property rights, and reform of the World Trade Organization. The Chinese news agency 'Xinhua' reported that Chinese Minister of Commerce, Wang Wentao, and the EU Commissioner ...

Jun 30, 2026al24news.dz
Bank of Algeria Modifies Methods for Determining Excessive Interest Rates on Loans

Bank of Algeria Modifies Methods for Determining Excessive Interest Rates on Loans

The Bank of Algeria has issued a new directive regarding the methods for determining excessive interest rates on loans, which took effect immediately upon issuance. The directive number 06-2026 dated June 29, 2026, amends directive number 8-2016 dated September 1, 2016, concerning the methods for determining excessive interest rates on loans. According to the first article of the text of the directive published by the Bank of Algeria, …

Jun 30, 2026al24news.dz

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