Latest updates from the Algerian business ecosystem
Participants in the fifty-seventh edition of the Algiers International Exhibition confirmed that the event has become an important economic platform for attracting investments and establishing partnerships, thereby enhancing Algeria's position as a gateway to African and European markets.
radioalgerie.dz
Gold prices fell today, Thursday, to near their lowest levels in more than seven months, affected by the pressures of the rising US dollar and growing market bets on interest rate hikes in the United States. Investors are awaiting key inflation data that could determine the course of monetary policy in the coming period. By 7:27 GMT, the price of gold in spot transactions decreased by 0.4% to reach $3983.20 per ounce, while US gold futures for August delivery fell by 0.31% to record $3996.30.
echoroukonline.com
On Thursday, State Minister and Minister of Energy, Mohamed Arkab, held talks in Moscow with the Minister of Natural Resources and Environment of the Russian Federation, Alexander Kozlov, in preparation for the 13th session of the Algerian-Russian Joint Governmental Committee for Economic, Trade, Scientific, and Technical Cooperation. A statement from the ministry indicated that the meeting provided an opportunity to review the reality and prospects of bilateral cooperation in the field of mining and mining industry, where both parties emphasized the strength of Algerian-Russian relations and the mutual desire to enhance economic and investment partnership, particularly in high value-added strategic sectors. View the full content on Echourouk Online.
echoroukonline.com
Global oil prices fell today, Thursday, continuing their decline and approaching the levels that prevailed before the outbreak of the war between the United States, the Zionist entity, and Iran, due to easing concerns about supply shortages and the gradual return of crude flows through the strategic Strait of Hormuz. By 6:45 GMT, Brent crude futures for August fell by 1.3% to $72.91 per barrel, while West Texas Intermediate crude fell by 1.24% to $69.43 per barrel, marking the lowest technical levels for both crudes since February 27, amid strong indications of ample supply in the near term.
echoroukonline.com
Iraq has hinted at the possibility of considering withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) if its production quota is not increased. Bloomberg News reported that the spokesperson for the Iraqi Ministry of Oil, Salim Al-Rakabi, stated that Baghdad does not currently intend to leave the organization and is committed to working within its frameworks and mechanisms, but he also indicated that the ministry is moving forward with plans to increase production in line with its capabilities and self-needs. Read the full content on Echourouk Online.
echoroukonline.com
The Iraqi Ministry of Oil denied reports regarding Baghdad's threat to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), confirming that this proposal 'does not reflect the official position of the Iraqi government.' It also pointed out the importance of reassessing production ceilings in line with the sustainable production capacities of member countries, taking into account the specific security and economic conditions of Iraq. The ministry stated in a statement that Iraq's demands regarding its production share are addressed within the technical and consensus mechanisms adopted within OPEC and the OPEC+ alliance, noting that member countries have already launched a process to reassess the maximum sustainable production capacity in coordination with an international consulting firm...
echoroukonline.com
The decline continues for the fifth consecutive session.
elkhabar.com
Arkab talks in Moscow with the Minister of Natural Resources and Environment of the Russian Federation.
elkhabar.com
The preparatory meeting at the expert level for the thirteenth session of the Algerian-Russian Joint Governmental Committee for Economic, Trade, Scientific, and Technical Cooperation was opened, which will be chaired on Friday by the Minister of State, Minister of Energy, Mohamed Arkab, jointly with the Deputy Prime Minister of the Russian Federation, Dmitry Patrushev, on Wednesday in the Russian capital, Moscow.
echaab.dz
The Minister of State, Minister of Energy, Mohamed Arkab, held talks with the Minister of Natural Resources and Environment of the Russian Federation, Alexander Kozlov, on Thursday in Moscow, according to a statement from the ministry.
echaab.dz
Oil prices continued to decline today, Thursday, as Brent crude fell to $73 a barrel for the first time since the outbreak of the Iran War and the closure of the Strait of Hormuz at the end of February.
iqtissadalbalad.dz
Officials from the Ministry of Foreign Trade and Export Promotion welcomed a delegation of Saudi businessmen, on the sidelines of their participation in the 57th edition of the International Algiers Fair.
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