Latest updates from the Algerian business ecosystem
Algeria - The Minister of Public Works and Infrastructure, Abdelkader Djaloui, called today, Saturday, in Algiers, for combating the phenomenon of overloading of heavyweight vehicles, emphasizing that this phenomenon poses a direct threat to traffic safety and infrastructure and requires tight coordination among various concerned sectors.
Algeria - The Ministry of Public Works and Basic Infrastructure and the National Gendarmerie signed a framework agreement today, Saturday, in Algiers, to provide the National Gendarmerie units with mobile weighing stations to monitor the load of heavy vehicles and inspect violations related to exceeding legal weights, in a move aimed at enhancing the protection of road infrastructure and reducing traffic accidents.
Algeria strengthens its position in the European energy market by launching new negotiations between SONATRACH and the German company VNG to renew the natural gas supply contract and increase the quantities exported to Germany, in a move aimed at expanding the presence of Algerian gas in the largest European economy and enhancing its role in supporting energy security on the continent. This step comes just days after the arrival of the first shipment of Algerian liquefied natural gas to Germany via the floating regasification terminal Wilhelmshaven 1, marking the first implementation of the gas supply contract signed between SONATRACH and VNG in February 2024, following the visit of the then German Vice Chancellor and Minister of Economy and Climate Protection, Robert Habeck, to Algeria.
Algeria is one of the leading African countries poised to produce green hydrogen at the lowest costs by 2030, with recent estimates indicating that about 80% of production opportunities in the country are at a cost of less than $4.5 per kilogram, despite the ongoing rise in financing costs being the biggest challenge to developing this sector. According to a recent report reviewed by the Energy Research Unit, Algeria holds 14% of the total regional renewable energy potential in Africa, making it one of the most active countries in developing green hydrogen projects on the continent. Read the full content on الشروق أونلاين
Laghouat–Ghardaïa–El Meniaa railway line: The AfDB grants a financing of 878 million dollars to Algeria By Said R. According to a statement published by the African financial institution, "the objective is to strengthen the competitiveness of rail transport, land development, and regional integration along the Trans-Saharan railway axis connecting Algiers to Tamanrasset in the south." This operation, which "concerns the second tranche of the 495-kilometer railway program linking the cities of Laghouat, Ghardaïa, and El Meniaa, mainly covers," indicates the same source...
Next Thursday, July 16, 2026, Algerian President Abdelmadjid Tebboune will be received in Berlin by Federal President Frank-Walter Steinmeier. This state visit comes as Germany, the leading European economy, is undergoing a deep industrial crisis, while Algeria seeks to transform its energy rent into a diversified productive apparatus. This rapprochement revives a strong historical relationship: in the 1970s, the German industry structured the Algerian productive apparatus.
Gold prices rose in trading on Friday by 1%, but they are heading towards recording the largest weekly loss in six weeks. Gold prices in spot transactions increased by 1% to $4011.29 per ounce after falling earlier in the session to their lowest levels since June 30, but they dropped by about 2.6% this week.
The Director General of Algerian Customs, Major General Abdel Hafiz Bekhouch, participated in the works of the Algerian-Tunisian Joint Committee for Customs Cooperation, which took place on June 16 and 17, and discussed mechanisms to enhance bilateral cooperation between the two countries in several areas related to customs work, in addition to signing a twinning agreement between two specialized institutions in customs training, according to a statement from Algerian Customs. The statement clarified that Major General Abdel Hafiz Bekhouch, accompanied by a delegation from Algerian Customs, participated in the works of the Algerian-Tunisian Joint Committee for Customs Cooperation, where both sides discussed ways to develop cooperation and enhance coordination on issues of mutual interest.
The Forestry Directorate in Médéa has completed a program to plant 100 hectares of olive trees across 17 municipalities in the Médéa and Ksar el-Bahari regions within two months, achieving a completion rate of 100 percent for the 2026 agricultural season, according to the directorate. Hamza Iskander, head of the Forest Heritage Valorization Department, stated, as reported by the Algerian News Agency, that the program allocated for the Forestry Directorate in Médéa has been fully completed, following the start of planting works at the beginning of May, as part of efforts to develop the olive sector and expand planted areas. Read the full content on Echourouk Online.
Algeria - The Director General of Algerian Customs, Major General Abdel Hafiz Bekhouch, participated in the works of the Algerian-Tunisian Joint Committee for Customs Cooperation, held on July 16 and 17 in Tunisia, which aims to discuss mechanisms and ways to enhance bilateral cooperation between the two countries, according to a statement from Customs.
The company 'Opel Automobile' and the Algerian company 'AGM Holding' signed a memorandum of understanding today, Friday, July 17, in Berlin, aimed at localizing the production of the first engine for the 'Opel' brand in Algeria, according to what the Algerian News Agency reported from a statement by the Stellantis Group. The memorandum was signed by the CEO of 'Opel Automobile', Florian Huet, and the General Director of AGM Holding, Mohamed Fawzi El Kbir, on the sidelines of the Algerian-German Economic Forum held in Berlin, during the official visit of President Abdelmadjid Tebboune to Germany. See the full content on Echourouk Online.
The Algerian-German Economic Forum, held on Friday in the German capital Berlin on the sidelines of the official visit of President Abdelmadjid Tebboune, recorded the participation of an Algerian economic delegation comprising 120 business leaders representing various sectors, in a move that reflects Algeria's direction towards strengthening industrial and investment partnerships with Germany, transitioning from traditional trade relations to productive investment and technology transfer. According to a statement from the Algerian Economic Renewal Council (KREA), which 'Echorouk' received a copy of, the Algerian delegation, headed by the council president Kamel Moula, participated in the forum alongside senior officials from both countries, representatives of economic institutions, and businessmen.
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