Latest updates from the Algerian business ecosystem
Today, Tuesday, the Minister of Sports and President of the Algerian Football Federation, Walid Sadi, met with the Chargé d'Affaires at the American Embassy, Mark Shapiro.
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The dollar continued its decline against major currencies on Friday, on track to end the week lower, following reports that the United States and Iran reached an agreement to extend the ceasefire and lift restrictions on navigation through the Strait of Hormuz. Four sources told Reuters that the agreement, which is still awaiting approval from President Donald Trump, will extend the ceasefire for 60 days and restore freedom of navigation through the strategic waterway while negotiators address tough issues such as Iran's nuclear program.
al24news.dzAlgeria and the Democratic Republic of the Congo held talks today, Saturday, culminating in the signing of a cooperation agreement in the field of hydrocarbons, aimed at establishing a permanent institutional framework for developing bilateral cooperation across various stages of the hydrocarbons value chain, through the exchange of experiences, practices, and best practices, and enhancing cooperation among national bodies, institutions, and companies active in the sector. The talks took place during the reception of the Algerian Minister of State, Minister of Hydrocarbons, Mohamed Arkab, by the Minister of State, Minister of Hydrocarbons of the Democratic Republic of the Congo, Akasia Bandopola Ambongo, who is on a working visit to Algeria leading a significant delegation that includes officials and executives from the Congolese Ministry of Hydrocarbons...
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The African Export-Import Bank 'Afriqexim-Bank' recorded a growth of 25% in its net profits during the first quarter of the current year, reaching nearly $270 million, compared to $215 million during the same period in 2025. The bank clarified in a statement that the loan portfolio increased by 2% to reach $42 billion by the end of March 2026, compared to ...
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The Minister of Petroleum of the Republic of Niger, Hamadou Tini, began a working visit to Algeria today, Tuesday, leading a high-level delegation that includes officials and executives from the Ministry of Petroleum and the Nigerien National Petroleum Company 'Sonidep', according to a statement from the Ministry of Energy.
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The Minister of Labor, Employment and Social Security, Professor Abdelhak Sayhi, participates in the 114th session of the International Labor Conference, held in Geneva, Switzerland, from June 1 to June 12, 2026, leading a tripartite delegation that includes representatives from the government, workers, and employers. This session, organized by the International Labor Organization, is held under the theme: 'A Critical Stage: Harnessing Artificial Intelligence for Decent Work.'
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The Minister of Tourism and Traditional Industry, Houria Medahi, oversaw a coordination meeting that brought together directors of tourism and traditional industry and chambers of traditional industry and crafts from coastal provinces, aimed at assessing the progress of preparations for the launch of the 2026 summer season and evaluating various measures taken to ensure its success, according to a statement from the ministry today, Tuesday.
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The Minister of Petroleum of the Republic of Niger, Mahamadou Tini, today, Tuesday, began a working visit to Algeria at the head of a high-level delegation that includes officials and executives from the Ministry of Petroleum and the national oil company 'SONIDEP'. He was received by the Nigerien minister and his accompanying delegation at the presidential VIP lounge at Houari Boumediene International Airport in Algiers by the Minister of State for Energy, Mohamed Arkab. Read the full content on Echourouk Online.
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The Ministry of Internal Trade and National Market Regulation announced the launch of a national awareness campaign to reduce food poisoning, starting today, Tuesday, under the slogan 'Make Healthy Nutrition a Permanent Lifestyle', as part of efforts to enhance health prevention and protect consumers. The ministry clarified, in a statement, that this campaign is organized in coordination with various sectors and relevant bodies, and aims to intensify awareness and education operations regarding the risks of food poisoning, especially during the summer season, which witnesses a rise in temperatures and an increase in the consumption of certain perishable food items. View the full content on Echourouk Online.
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Oil-producing countries in the OPEC+ alliance are moving towards agreeing on a new increase in the production target for next July, despite the ongoing repercussions of the war with Iran that have so far prevented several countries from implementing previously planned production increases, according to three informed sources. The sources cited by Reuters indicated that the expected increase will be around 188,000 barrels per day, a level close to the quantity agreed upon for June, after being adjusted from 206,000 barrels per day to account for the UAE's withdrawal from the OPEC+ alliance at the beginning of May. Read the full content on الشروق أونلاين.
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Morocco's trade deficit increased by 18.4% during the first four months of 2026, reaching 127 billion dirhams ($13.8 billion), amid a faster growth in imports compared to exports and a decline in foreign direct investment flows. Data from the Moroccan Foreign Exchange Office showed that imports rose by 12.7% year-on-year to 296 billion dirhams, while exports increased by only 8.7%, reaching 169 billion dirhams, leading to an expansion of the country's trade gap. Read the full content on Echourouk Online.
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Meteorological services warned of a noticeable rise in temperatures in several eastern provinces of the country during the day today, Tuesday.
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