
Participation of the Algerian Agency for Investment Promotion in Baku at the Islamic Development Bank Meetings - Iqtissad Al Balad
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The President of the Algerian Economic Renewal Council, Kamal Moula, stated that Algeria's removal from the grey list of the Financial Action Task Force (FATF) represents a 'significant milestone for the country and a positive signal for the national economy.' Moula explained, in a statement to the Algerian News Agency, that this decision comes as 'a consolidation of efforts made to enhance financial transparency, improve governance, and bring the Algerian financial system closer to international standards.'

Tebessa - The Minister of Mines and Mining Industry, Mourad Hanifi, today Saturday, inspected the progress of the 'Preparation for Exploitation' phase of the phosphate mine in Blad El-Hadba in Bir El-Aater (Tebessa Province).

Algeria - The President of the Algerian Economic Renewal Council, Kamel Moula, stated that Algeria's removal from the gray list of the Financial Action Task Force 'GAFI' represents 'an important milestone for the country and a positive signal for the national economy.'

Algeria - Economic and financial experts highlighted the importance of the decision to remove Algeria from the gray list of the Financial Action Task Force 'FATF', made yesterday Friday by unanimous agreement of the members of the group's plenary session, affirming that it serves as a clear international recognition of the effectiveness of the measures taken by public authorities to enhance financial transparency within a significant reform dynamic, positively impacting the national economy as a whole, and specifically enhancing the attractiveness of the business and investment climate.

Algeria - The Minister of Public Works and Basic Infrastructure, Abdelkader Djellouli, held a coordination meeting today, Saturday, in Algiers, dedicated to monitoring the progress of infrastructure and accompanying facilities for the Gara Djebilet mine exploitation project, along the 'Béchar-Gara Djebilet' and 'Béchar-Oran' lines, according to a statement from the ministry.

The Minister of Mines and Mining Industry, Mourad Hanifi, inspected this Saturday the progress of the preparation works for the exploitation of the phosphate mine in Blad El Hadba in Bir El Ater (Tebessa Province). The minister highlighted, during the work and inspection visit that took him to the mine site in Blad El Hadba, that this project is of particular importance as it is the key link in the integrated phosphate project that extends across the provinces of Tebessa, Souk Ahras, and Annaba, aimed at developing the fertilizer industry and enhancing the added value of national mineral resources.

The Minister of Public Works and Infrastructure, Abdelkader Djellal, held a coordinating meeting today, Saturday, in Algiers, dedicated to monitoring the progress of the infrastructure and accompanying facilities for the Gara Djebilet mine exploitation project, along the 'Béchar-Gara Djebilet' and 'Béchar-Oran' lines, according to a statement from the ministry.

The Secretary General of the Gas Exporting Countries Forum, Philippe Michel-Kleisbauer, is starting today, Saturday, a working visit to Algeria to enhance consultation and coordination on developments in global natural gas markets and the prospects for the gas industry, according to a statement from the Ministry of Energy. During this visit, which will continue until June 23, challenges related to supply security, investment in the sector, energy transition, as well as support for scientific and technical cooperation among member countries will be addressed, the same source adds.

Hydrogen demand in Africa surged by over 72% between 2012 and 2024, reaching 3.1 million tons, compared to 1.8 million tons 12 years ago, with Algeria ranking second in Africa with a share of 20% of total demand, behind Egypt which captured 49%. A recent report, reviewed by the Energy Research Unit, indicated that Algeria increased its hydrogen consumption by about four times during the same period, reaching 0.7 million tons in 2024, making it one of the largest hydrogen markets in Africa alongside Egypt and Nigeria. View the full content on Echourouk Online.

A delegation from Naftal, currently on a business mission in the Republic of Niger, continued its meetings with the relevant authorities and institutions in the energy and investment sectors, discussing with officials from the Nigerien Petroleum Company 'SONIDEP' the project to establish a unit for bitumen production, as well as exploring opportunities for cooperation and partnership and expanding the company's regional presence. According to a statement from the company, the delegation began the second day of its visit yesterday, Friday, with a working session with SONIDEP officials, dedicated to presenting and discussing the business plan for the bitumen production unit project. Read the full content on Echourouk Online.
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