Latest updates from the Algerian business ecosystem
Canada issued 1,764 drilling licenses between the beginning of this year and June 12, 2026, as part of its efforts to accelerate the development of the oil sector by establishing a new corridor for transporting crude oil within the country.
Gold prices fell today from the highest level in two weeks recorded yesterday, as investors await the results of the US Federal Reserve meeting on monetary policy.
The local and security authorities of Oran began this morning, Tuesday, starting at five o'clock. In coordination with the services of the Oran Promotion and Real Estate Management Office, the relocation of 23 families was initiated. They were living in buildings at risk of collapse and classified in the red zone.
Oil prices rose in today's trading on Tuesday, achieving limited gains as traders shifted their focus to supply growth.
The water and sanitation company of Algeria, 'SEAAL', announced today, Tuesday, the scheduling of maintenance works at the Qareidi pumping station in 'El Madania', which will cause a disruption in the supply of drinking water in several municipalities of the capital.
Algeria continues to enhance its water security by accelerating the remote connection projects of seawater desalination stations, with the Ministry of Water Resources working on the construction of transfer networks extending up to 250 kilometers to deliver treated water to the interior provinces, as part of a national strategy aimed at ensuring a sustainable and balanced supply of drinking water.
Various provinces of the country have begun the immediate implementation of a series of field measures to ensure the smooth conduct of the harvest and threshing campaign, in execution of the instructions of the President of the Republic, and in realization of the outcomes of the coordination meeting chaired by the Minister of Interior, Local Communities, and Transport, Saïd Sayoud, yesterday Monday, with the governors of the Republic, dedicated to monitoring the progress of the campaign.
Mr. Lounes Bouzguza, Minister of Irrigation, listened to a technical presentation on the progress of the project to establish a wastewater treatment plant in the municipality of Al-Bireen, which has a production capacity of 26,000 cubic meters per day, equipped with tertiary treatment technology, allowing for the production of water that meets standards and can be reused for various purposes, especially agricultural irrigation.
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Oil prices rose on Tuesday, but gains were limited as traders shifted focus to supply growth and demand outlook, ignoring the easing geopolitical tensions in the Middle East. Brent crude futures increased by 28 cents, or 0.39 percent, to reach $72.29 per barrel by 00:45 GMT, while West Texas Intermediate crude rose by 0.26 percent, or 29 cents, to $68.84 per barrel.
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