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Latest updates from the Algerian business ecosystem

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German Volkswagen Group Announces Layoff of Thousands of Workers

German Volkswagen Group Announces Layoff of Thousands of Workers

Oliver Blume, Chairman of the Board and CEO of the Volkswagen Group, announced today, Thursday, during the company's annual general and expanded meeting, the group's move towards implementing an austerity plan and a strict strategy that involves gradually cutting about fifty thousand jobs by 2030. This surprising announcement has sparked a wave of concern and widespread controversy in economic and labor circles both within Germany and abroad, especially since the group is considered the backbone of the German economy based on the mechanical manufacturing sector and securing hundreds of thousands of jobs.

Jun 18, 2026echoroukonline.com
Coordinating Meeting Between Sectors to Monitor Progress of the Integrated Phosphate Project

Coordinating Meeting Between Sectors to Monitor Progress of the Integrated Phosphate Project

The Minister of State, Minister of Energy, Mohamed Arkab, the Minister of Public Works and Basic Infrastructure, Abdelkader Djellali, and the Minister of Mines and Mining Industry, Mourad Hanifi, chaired a coordinating meeting today, Thursday, June 18, to monitor the progress of the integrated phosphate project in the region of El Hadba in the Tebessa province. According to the Ministry of Energy, the meeting reviewed the progress recorded at the mining pole of El Hadba in Tebessa, which represents the first link in the value chain of the project, where the area has significant phosphate reserves that rank among the largest global reserves, with geological resources of the eastern phosphate basin estimated at more than three (03) million tons.

Jun 18, 2026echoroukonline.com
OPEC.. Optimistic Outlook for Global Oil Demand Growth

OPEC.. Optimistic Outlook for Global Oil Demand Growth

The Organization of the Petroleum Exporting Countries (OPEC) announced today, Thursday, its strong commitment to its forecasts regarding the growth of global oil demand over the next four years, according to Reuters. According to Reuters, OPEC did not stop there, but also raised its long-term growth estimates, confirming that there are no indicators suggesting an imminent peak in global demand...

Jun 18, 2026al24news.dz
Aqrab Receives Chairman of the German Group 'VNG AG'

Aqrab Receives Chairman of the German Group 'VNG AG'

Algeria - Today, Thursday, in Algiers, the Minister of State, Minister of Energy, Mohamed Aqrab, received the Chairman of the German energy group 'VNG AG', Ulf Heitmüller, where they discussed business development and investment opportunities in the energy sector, according to a statement from the ministry.

Jun 18, 2026aps.dz
Exploring ways to enhance cooperation between the 'COSOB' committee and the Egyptian Financial Supervisory Authority

Exploring ways to enhance cooperation between the 'COSOB' committee and the Egyptian Financial Supervisory Authority

Algeria - The President of the Committee for Organizing and Monitoring Stock Exchange Operations (COSOB), Youssef Bouzenada, discussed in Cairo with the President of the Egyptian Financial Supervisory Authority, Islam Azzam, ways to enhance mutual cooperation between the two parties, particularly through the exchange of expertise in financial markets and non-banking finance, according to a statement from the committee today, Thursday.

Jun 18, 2026aps.dz
Guedri inaugurates the first unit for the production of monoclonal antibodies in Algeria in Oran

Guedri inaugurates the first unit for the production of monoclonal antibodies in Algeria in Oran

The Minister of Pharmaceutical Industry, Wassim Guedri, oversaw the inauguration of the first specialized unit for the production of monoclonal antibodies in Algeria this Thursday in Oran. These are advanced biological medicines aimed at treating several diseases, primarily cancer. This project was carried out by Orion Lab, marking a national precedent in the development of biological pharmaceutical industry.

Jun 18, 2026radioalgerie.dz
Coordinating Meeting Between Sectors to Monitor the Progress of the Integrated Phosphate Project

Coordinating Meeting Between Sectors to Monitor the Progress of the Integrated Phosphate Project

The Minister of State, Minister of Energy, Mr. Mohamed Arkab, the Minister of Public Works and Basic Infrastructure, Mr. Abdelkader Djellali, and the Minister of Mines and Mining Industry, Mr. Mourad Hanifi, chaired a coordinating meeting today, Thursday, dedicated to monitoring the progress of the integrated phosphate project in the Hadba region of Tebessa, in implementation of the directives of the President of the Republic, Mr. Abdelmadjid Tebboune, aimed at accelerating the pace of this strategic project and ensuring its entry into production within the specified deadlines, according to a statement from the Ministry of Energy.

Jun 18, 2026radioalgerie.dz

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