Latest updates from the Algerian business ecosystem
Oil prices fell during trading on Wednesday, May 20, continuing the loss streak for the second consecutive day, amid hopes of reaching an agreement to end the war in the Middle East.
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Gold prices fell by $35 during trading on Wednesday, continuing the loss streak for the fifth consecutive session, amid a rise in the US dollar index.
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The National Committee for Social Services for Education Workers announced today, Tuesday, a new decision in favor of workers on the occasion of Eid al-Adha, which the Islamic nation will celebrate at the end of this month.
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Health Minister Mohamed Sidik Ait Massoudan met yesterday, Tuesday, at the Tunisian Permanent Mission in Geneva, with his Tunisian counterpart, Mustafa Farjani, to discuss ways to enhance cooperation and partnership between the two brotherly countries in the health sector, reflecting the mutual desire to elevate bilateral relations to broader and more integrated levels, on the sidelines of the seventy-ninth session of the World Health Assembly and within the framework of enhancing the distinguished cooperation existing between the two countries.
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The Minister of Vocational Training and Education, Nassima Arahab, discussed yesterday at the ministry's headquarters with the Ambassador of the Federal Republic of Germany to Algeria, Georg Felsheim, ways to enhance bilateral cooperation in the field of vocational training and education, as stated in a ministry statement.
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The Minister of Agriculture, Rural Development and Fisheries, Yassine Walid Mahdi, announced a partnership with Qatar to import 30,000 heads of genetically improved sheep breeds. This aims to increase local production and achieve 50 percent self-sufficiency in red meat.
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Stellantis, the automotive giant based in Amsterdam, announced on Wednesday plans to establish a joint venture based in Europe with the Chinese Dongfeng Motor Group, focusing on selling electric vehicles from the Chinese company in Europe. The two companies signed a non-binding memorandum of understanding to establish a joint venture led by Stellantis with a 51/49 share. The proposed deal is contingent on final agreements, customary approvals, and conditions …
al24news.dz
The International Energy Agency stated on Wednesday that electric vehicle sales are likely to rebound due to the war in Iran, as the continued rise in oil prices encourages a shift away from combustion engines. The Paris-based organization added that global electric vehicle sales have already increased by 20% during 2025 to reach over 20 million units, meaning that a car ...
al24news.dz
The dollar stabilized today, Wednesday, near its highest level in six weeks, as investors began to accept the possibility of interest rate hikes to combat inflation caused by the war with Iran, pushing the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end has negatively affected sentiment and raised concerns...
al24news.dz
The International Tourism and Travel Fair SITEV 2026 is one of the most prominent economic and tourism events in Algeria, bringing together various stakeholders in the tourism, travel, and hospitality sectors from both within the country and abroad annually. The twenty-fifth edition of this event will be held from May 18 to May 21, 2026, at the Safex Exhibition Palace in Algiers, under the slogan: 'Algeria, Authentic Tourism and Sustainable Development.'
radioalgerie.dz
Professor of Economic Sciences at the University of Algiers 3 and economic analyst Houari Tigrassi stated that the major and strategic projects that the government continues to implement fall within the national vision for developing the manufacturing industry, in line with the directives of the President of the Republic aimed at accelerating the pace of implementing major economic projects, particularly in the field of manufacturing industries.
radioalgerie.dz
Algeria recorded the import of more than 827,000 sheep as part of a program to import one million sheep in preparation for Eid al-Adha, according to the latest data published by the digital platform “Adahi” affiliated with the Ministry of Agriculture, Rural Development, and Fisheries, dedicated to reserving and selling imported livestock and monitoring the process in real-time. The platform's data showed that as of 7:30 AM today, Wednesday, 827,797 sheep had been imported or entered the national territory or are in the process of shipping and import, while the number of sheep that have actually arrived in Algeria reached 582,231 heads as part of the approved import operations. View the full content on Echourouk Online.
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