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Latest updates from the Algerian business ecosystem

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Mandatory Condition for Importing Goods... No Shipping Without Bank Localization!

Mandatory Condition for Importing Goods... No Shipping Without Bank Localization!

The Bank of Algeria has begun tightening control measures on import operations by imposing a new condition that requires economic operators to carry out bank localization before shipping goods from foreign suppliers, in a move aimed at reducing any violations or illegal financial transfers. According to a directive numbered 01/2026 issued on May 14, 2026, by the Bank of Algeria, which was reviewed by 'Echorouk', all import operations have become subject to a new strict procedure related to prior bank localization before shipping goods from foreign suppliers. Tightening control over transport d...

May 14, 2026echoroukonline.com
Russia: Wadhih discusses enhancing cooperation in technology and innovation

Russia: Wadhih discusses enhancing cooperation in technology and innovation

The Minister of Knowledge Economy, Startups, and Micro Enterprises, Nourredine Wadhih, participates in the Kazan Forum 2026 held in the Russian Federation. According to a statement from the ministry, this forum is one of the most prominent international platforms aimed at enhancing cooperation between Russia and the Islamic world, particularly in the fields of technology and innovation. This significant economic event witnesses notable official attendance with delegations and economic and academic institutions from over 90 countries. View the full content on Echourouk Online.

May 15, 2026echoroukonline.com
Launch of the Red Tuna Fishing Campaign This Tuesday with an Additional Quota Exceeding 400 Tons

Launch of the Red Tuna Fishing Campaign This Tuesday with an Additional Quota Exceeding 400 Tons

The red tuna fishing campaign for this year will start on Tuesday, May 19, with a fleet of 41 vessels participating, including seven locally built ships. According to the Algerian News Agency, Omar Ouchli, Director of Marine Fishing Development at the General Directorate of Marine Fishing and Aquaculture, under the Ministry of Marine Fishing and Fishery Products, stated, 'For this year's red tuna fishing campaign, which will continue until July, Algeria's quota for this type of fish has reached 2465.28 tons, an increase of more than 400 tons compared to 2025.' Read the full content on Echourou...

May 15, 2026echoroukonline.com
Yassine Walid: “The South has become an essential part of the national food security equation”

Yassine Walid: “The South has become an essential part of the national food security equation”

The Minister of Agriculture, Rural Development and Fisheries, Yassine Walid, confirmed that Algeria is capable of winning the challenge of food sovereignty, especially with many farmers achieving yields exceeding 80 quintals per hectare thanks to the adoption of modern technology and the correct technical path. Walid, who launched the grain harvest campaign for the 2025-2026 season from the “Sath Aqrout” area in the heart of Timimoun, praised the “commendable results achieved by our farmers and investors, most of whom are young, despite climate challenges and long distances.” Read the full con...

May 15, 2026echoroukonline.com
Wadih Highlights the Openness of the Algerian Investment Environment to the Digital Economy in Russia

Wadih Highlights the Openness of the Algerian Investment Environment to the Digital Economy in Russia

The Minister of Knowledge Economy, Startups, and Small Enterprises, Nourredine Wadih, participated in the events of the 'Kazan Forum 2026' (Russia) currently taking place, where he particularly highlighted Algeria's human capabilities, infrastructure, and the open investment environment towards the digital economy, noting the relations that connect Algeria with Russia, especially in the scientific and technological fields, according to a statement issued today, Friday, by the ministry.

May 15, 2026echaab.dz
Shaib Meets Members of the National Community Residing Within the Jurisdiction of the Consulate General of Algeria in Istanbul - Iqtissad Al Balad

Shaib Meets Members of the National Community Residing Within the Jurisdiction of the Consulate General of Algeria in Istanbul - Iqtissad Al Balad

As part of the state's ongoing commitment to fostering communication with the national community abroad, the Secretary of State to the Minister of Foreign Affairs, responsible for the national community abroad, Soufiane Shaib, visited the sister Republic of Turkey, where he met with members of the national community residing within the jurisdiction of the Consulate General of Algeria in Istanbul, in the presence of the Consul General, Mustafa Boudib.

May 15, 2026iqtissadalbalad.dz
AL24 | الاقتصاد

Gas prices in Europe rise with oil surge amid Iran war fears

Gas prices in Europe rose this morning, following the rise in oil markets after U.S. President Donald Trump said his patience with Iran was running out, raising fears of renewed conflict. Data from the Intercontinental Exchange showed that the nearest contract in the Netherlands at the TTF hub rose by €1.435 to €49.09 per megawatt hour or about …

May 15, 2026al24news.dz

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