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Latest updates from the Algerian business ecosystem

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Startups & Entrepreneurship
By the Numbers.. This is What the Algerian University Achieved in the Field of Entrepreneurship This Season

By the Numbers.. This is What the Algerian University Achieved in the Field of Entrepreneurship This Season

The President of the National Coordinating Committee for Monitoring University Innovation and Entrepreneurship, Ahmed Mir, revealed that the current academic year has seen the registration of about 27,000 graduation projects that can transform into startups or small enterprises. Mir stated during his participation today, Monday, May 18, in the program 'First Channel Forum' of Algerian Radio, that 'no less than 27,000 graduation projects have been included under Ministerial Decision 1275 (University Degree - Startup/ University Degree - Patent), which defines the procedures for preparing a graduation project to obtain a university degree and an economic enterprise project.' Watch the full content on Echourouk Online.

May 18, 2026echoroukonline.com
Regulatory & Legal
Boulzerd calls on banks to clarify how to implement new procedures regarding 'Know Your Customer'

Boulzerd calls on banks to clarify how to implement new procedures regarding 'Know Your Customer'

Finance Minister Abdel Karim Boulzerd urged banks and financial institutions to enhance communication by organizing regular meetings to clarify the new procedures recently established by the Bank of Algeria regarding 'Know Your Customer'. The minister noted in a speech today, Monday, May 18, on the occasion of a study day organized by the Bank of Algeria on the instruction related to Know Your Customer, that 'banks and financial institutions are required today to organize numerous meetings to explain the new procedures related to Know Your Customer and clarify how to implement this instruction for employees, as bank agencies are the ones that deal directly with citizens and economic operators, especially traders,' according to the Algerian News Agency.

May 18, 2026echoroukonline.com
Energy & Hydrocarbons
Development of the Petrochemical Industry: A Bridge to Accelerate Economic Transformation

Development of the Petrochemical Industry: A Bridge to Accelerate Economic Transformation

Economic experts emphasized the importance of the orders of the President of the Republic, Abdelmadjid Tebboune, during his chairing of a Council of Ministers meeting on Sunday, aimed at developing the petrochemical industry, considering that they reflect his firm will to accelerate the economic transformation process and transition to a new phase in the valorization of natural resources. In this regard, international expert in economic development, Abdelrahman Hadef, stated in a statement to 'APS' that the President's emphasis on accelerating petrochemical conversion projects highlights 'a political will to continue accelerating the economic transformation process and reflects a strategic awareness of the importance of controlling production and value chains, as this is the fundamental entry point for building true economic sovereignty.'

May 18, 2026echoroukonline.com
Sustainability & Green Economy
For the first time... Algeria joins the 'Gigawatt' club in renewable energy

For the first time... Algeria joins the 'Gigawatt' club in renewable energy

The General Director of the Algerian Green Energy Group, Boukhalfa Yaïssi, stated that Algeria has officially entered, for the first time, the 'Gigawatt' club of renewable energy, through the official inauguration of two solar power plants with a capacity of 400 megawatts in Mghair and Biskra, raising the actual national production to 1009 megawatts (1.09 gigawatts). Yaïssi emphasized the urgent need to move beyond the 3200 megawatts program and make the project available for external financing under the Ministry of Finance's decision regarding projects of national interest. Yaïssi, a renewable energy expert, explained in a statement to 'Echorouk' that the first results of the first part of the national renewable energy program estimated at 3200 megawatts have actually appeared from the...

May 18, 2026echoroukonline.com
Trade & Exports
Algerian Products Attract Norway's Interest.. Here Are the Areas of Cooperation

Algerian Products Attract Norway's Interest.. Here Are the Areas of Cooperation

The Norwegian ambassador to Algeria emphasized the importance of the partnership established with Algeria in several strategic sectors, primarily in energy, renewable energies, shipbuilding, and seawater desalination, alongside a growing interest in Algerian products across various industrial fields, reflecting a trend towards expanding economic cooperation between the two countries and diversifying its areas. The Norwegian ambassador to Algeria, Terez Loken Ghazil, stated during a speech delivered on Sunday evening at the Norwegian residence in Algeria on the occasion of the celebration of Norwegian National Day, in the presence of the Secretary of State to the Minister of State, Minister of Hydrocarbons and Mines, in charge of mines Karima Bakir Tafer, and ambassadors and prominent diplomatic figures that relations...

May 18, 2026echoroukonline.com
Economic Policy
Business councils between Algeria and its partners... and a move to activate investment!

Business councils between Algeria and its partners... and a move to activate investment!

Coordinating meetings to propose the composition of each council according to predetermined criteria. The new councils aim to transform economic relations into actual deals. The Ministry of Foreign Trade and Export Promotion has initiated preparations to form joint business councils with several foreign countries, in implementation of the Prime Minister's directives. It has started coordinating with various economic bodies and employer organizations, numbering nine, to prepare the composition of these councils and propose representatives for them, with the aim of exploring partnership and investment opportunities and available commercial deals between Algeria and its economic partners. In a new step within this framework, the Prime Minister has ordered the start of forming joint business councils with several countries.

May 18, 2026echoroukonline.com

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