Latest updates from the Algerian business ecosystem
The Algerian Professional Office of Cereals announced significant discounts on green lentils and basmati rice (parboiled), indicating that these discounts apply to both consumers and professionals and traders.
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Prime Minister Saïf Ghareb stated that the current investment system has made significant progress, having realized about 20,000 new investment projects and is expected to provide more than 525,000 job opportunities.
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The Algerian Prime Minister, Aïmene Benabderrahmane, presided over the opening of the media day on enhancing the effectiveness of the one-stop shop, organized by the Algerian Agency for Investment Promotion, under the slogan: 'The one-stop shop from idea to implementation.'
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Gold prices fell on Monday amid concerns over rising inflation and the possibility of high interest rates persisting for a longer period. Spot gold dropped 0.6 percent to $4684.32 an ounce. U.S. gold futures for June fell 0.8 percent to $4692.70. For other precious metals, silver rose 0.7 percent in spot transactions to $80.88 an ounce, platinum decreased 0.6 percent to $2042.71, and palladium fell 0.4 percent to $1484.99.
radioalgerie.dzSuhail Qassoum, President of the Algerian Confederation of Employers-Citizens, confirmed that Algeria has witnessed increasing economic activity in recent years, reflecting a real trend towards diversifying the national economy and opening up to foreign markets, away from total reliance on hydrocarbons.
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The Minister of Public Works and Infrastructure, Abdelkader Djellali, followed up on the progress of port facility development projects, primarily the establishment of a mixed Algerian-Chinese company specialized in dredging national ports, alongside the expansion project of the Annaba phosphate port, during a working meeting held at the ministry's headquarters. The meeting on Sunday reviewed the progress of the procedures related to the establishment of the mixed company, presenting the work plan for the project and setting the implementation schedule and stages, in line with the directives of the President of the Republic issued during the Cabinet meeting held on April 19th. Watch the full content on Echourouk Online.
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A delegation comprising experts and engineers from the Ministry of Petroleum of the Republic of Niger is on a working visit to Algeria from May 9 to 18, aimed at enhancing bilateral cooperation and exchanging expertise in the energy sector, according to a statement from SONATRACH. This visit follows the signing of a memorandum of understanding between the two sides on March 24 in the Nigerien capital, Niamey, aimed at developing bilateral cooperation in the energy sector. Read the full content on Echourouk Online.
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The Director General of Forests, Jamal Tawahiria, announced the preparation of a national program to develop and promote the argan tree relying on modern technologies and smart technological means, aiming to improve production and expand the areas planted with this economically and environmentally important tree. The official explained, in a press statement on the sidelines of a national study day on the development of the argan tree, that the program focuses on planting 250 trees per hectare, using water-saving modern techniques, such as drip irrigation, alongside employing smart technologies to monitor tree growth and improve their yield. Read the full content on Echourouk Online.
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In 1969, Sheikh Zayed bin Sultan Al Nahyan, founder of the United Arab Emirates, contacted the late President Houari Boumediene, seeking his advice and asking for help.
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Oil prices increased in early trading today, Monday.
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The meteorological services reported significant thunderstorms locally and strong winds with the formation of sandstorms today, Monday, across several provinces of the country.
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Oil prices jumped by more than $3 per barrel as trading began on Monday, following the failure of Tehran and Washington to reach common ground on a peace proposal drafted by the latter, coinciding with the continued closure of the Strait of Hormuz.
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