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Latest updates from the Algerian business ecosystem

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Jalawi on a business visit to Chad today

Jalawi on a business visit to Chad today

The Minister of Public Works and Infrastructure, Abdelkader Jalawi, is embarking on a two-day business visit to Chad, as part of the implementation of memorandums of understanding and cooperation agreements signed between the two countries last April, according to a statement from the ministry.

May 13, 2026echaab.dz
High-level Ivorian delegation visits SONELGAZ - Iqtissad Al Balad

High-level Ivorian delegation visits SONELGAZ - Iqtissad Al Balad

On Tuesday, a high-level delegation comprising senior executives representing major Ivorian energy companies was received at the headquarters of the system operator. This was attended by the CEO of SONELGAZ, the system operator, the general director of the system operator, the deputy general director of the electricity transmission sector in the West, along with several senior executives of the company, as part of strengthening bilateral cooperation between Algeria and the Republic of Côte d'Ivoire.

May 13, 2026iqtissadalbalad.dz
The African Energy Bank Launches Next Month with an Initial Capital of $5 Billion

The African Energy Bank Launches Next Month with an Initial Capital of $5 Billion

The African Petroleum Producers Organization confirmed that preparations for the launch of the African Energy Bank are progressing well, noting that the new financial institution, launched in partnership with the African Export-Import Bank, aims to support investments in the hydrocarbons sector on the African continent, amid a decline in funding from Western institutions for oil and gas projects.

May 13, 2026iqtissadalbalad.dz
Unemployment in France rises to 8.1% and records highest level since 2021

Unemployment in France rises to 8.1% and records highest level since 2021

The unemployment rate in France rose to 8.1% in the first quarter of 2026, marking its highest level since 2021, according to the National Institute of Statistics and Economic Studies (INSEE) on Wednesday, although it remains below the peak recorded in 2015. The institute explained that the number of unemployed increased by 68,000 people compared to the previous quarter, …

May 13, 2026al24news.dz
Giant Chinese Oil Tanker Attempts to Cross the Strait of Hormuz

Giant Chinese Oil Tanker Attempts to Cross the Strait of Hormuz

Tracking data from the London Stock Exchange Group and 'Kpler' showed that a giant Chinese oil tanker carrying two million barrels of Iraqi crude attempted to cross the Strait of Hormuz today, Wednesday. The data indicated that the giant tanker 'Yuan Hua Huo' passed off the Iranian island of Lark, on the eastern side of the strait heading south. Based on the available ship tracking data, if ...

May 13, 2026al24news.dz
AL24 | الاقتصاد

The United States and China agree not to allow any country to impose fees on navigation through the Strait of Hormuz

The U.S. State Department told Reuters on Tuesday that senior officials from the United States and China agreed not to allow any country to impose maritime navigation fees in the Strait of Hormuz, indicating that the two countries are seeking to find common ground on efforts to pressure Iran to relinquish its grip on this vital waterway.

May 13, 2026al24news.dz
The dollar continues to rise

The dollar continues to rise

The US dollar continued to rise today, Wednesday, after inflation in the United States recorded a larger-than-expected increase during last April. The price of the US currency rose by 0.36% against the euro, bringing the price of one euro to 1.1696 dollars, and it also rose by 0.20% against the British pound, reaching 1.3512 dollars during the morning. According to official data published on Tuesday, …

May 13, 2026al24news.dz

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