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Economy DZD aliqtissad dz Algeria's economy economic news

The President, Mr. Abdelmadjid Tebboune, tasked the Ministries of Internal Trade and Health with establishing laboratories to monitor products intended for consumption at all ports and airports in the country and managing them, according to a statement from the Council of Ministers. The statement clarified that regarding the follow-up to enhance monitoring mechanisms for products intended for consumption and to strengthen laboratory capabilities, 'the President tasked both the Ministry of Internal Trade and the Ministry of Health with establishing laboratories to monitor products intended for consumption at all ports and airports in the country and managing them.'

The Center for Strategic and International Studies (CSIS) based in Washington noted that Algeria is increasingly asserting its position as a regional power through its openness to investments, seeking to enhance its role as an indispensable strategic hub linking the Mediterranean Sea, the Sahel region, and North Africa.

Seven countries from the OPEC+ group, including Algeria, agreed today, Sunday, to a collective increase in oil production of 188,000 barrels per day starting from next July, according to a statement from the Ministry of Energy. The agreement came during a meeting of the seven countries as part of the OPEC+ cooperation announcement, which implements voluntary production adjustments (Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia), in which Algeria participated via video conferencing.

Algeria will host, on Monday and Tuesday, the 77th session of the Connectivity Committee for the Trans-Saharan Road, which will focus on the prospects of transforming this African road into an economic corridor that contributes to development and economic integration among the six countries it passes through. This meeting, which will be inaugurated by the Minister of Public Works and Infrastructure, Abdelkader Djellali, will see the participation of representatives from the countries concerned with this strategic road, namely Tunisia, Mali, Niger, Nigeria, and Chad.

Algeria will participate as the guest of honor in the 'Agra 2026' International Agriculture and Food Fair, which will be held from August 22 to 26 in the city of 'Gornja Radgona' in Slovenia, according to a statement from the Ministry of Foreign Trade and Export Promotion released today, Sunday.

The company 'Alliance Insurance' recorded positive financial results in 2025, supported by growth in insurance activity and improved investment performance, enabling it to strengthen its position among the leading private insurance companies in Algeria, according to the financial data approved during the mixed general assembly held on June 4, 2026. The results showed an increase in the company's turnover to 6.77 billion Algerian Dinars, an increase of 8.3 percent compared to 2024, while the net individual profit reached 611.4 million Dinars, recording a growth rate of 16.2 percent. Total assets rose to 16.33 billion Dinars compared to 14.54 billion Dinars in the previous year, while private funds exceeded 6.11 billion Dinars.

Algeria will participate as the Guest of Honor in the events of the International Agriculture and Food Fair (AGRA 2026), scheduled to be held in Gornja Radgona, Slovenia, from August 22 to 26, 2026. The Ministry of Foreign Trade and Export Promotion confirmed that this fair is one of the most prominent international economic events specialized in agriculture, food industries, and forestry, providing a distinguished space to showcase the latest technologies and innovations related to agricultural and forestry machinery and equipment, as well as food processing and packaging equipment, with the participation of major companies and global brands active in these sectors. Read the full content on Echourouk Online.

Algeria participated today, Sunday, June 7, via videoconference, in various ministerial meetings held within the framework of the Organization of the Petroleum Exporting Countries 'OPEC' and the cooperation announcement 'OPEC+'. According to the Ministry of Energy, the work of the 193rd meeting of the OPEC Conference, which brought together ministers and representatives of the eleven member countries of the organization, was dedicated to studying several issues related to the governance of the organization and the activities of its General Secretariat. View the full content on Echourouk Online.

Smart systems and a digital platform, along with dispute forecasting, aim to improve file management. 'Remote expertise' accelerates damage assessment instead of traditional inspections. The National Insurance Council has ordered a clear and strict acceleration in processing compensation files and reducing payment deadlines for customers, amid increasing complaints about delays in settling files within insurance companies, which the council considers a direct factor affecting citizens' trust in the sector and its effectiveness. In the editorial of the latest issue of the National Insurance Council magazine, which 'Echorouk' reviewed, the Secretary-General of the council, Abdel Hakim Ben Bouabdallah, confirmed that the issue of compensation deadlines is no longer just an organizational matter, but has become a strategic challenge that necessitates a reconsideration of methods.

In a communication issued by the Ministry of Foreign Trade and Export Promotion.

Agreement of seven countries including Algeria.
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