Latest updates from the Algerian business ecosystem
Djezzy announced the official launch of the VoLTE (Voice over LTE) service, becoming the first telecommunications operator in Algeria to offer voice calls over fourth and fifth generation networks, following its licensing by the Regulatory Authority for Post and Electronic Communications.
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Reuters reported from two informed sources that a coalition of seven member countries in the "OPEC+" alliance has preliminarily agreed ahead of the meeting scheduled for tomorrow, Sunday, to raise oil production targets by about 188,000 barrels per day in June. The increase in production is largely symbolic at this time, with most shipments through the Strait of Hormuz halted due to the U.S.-Israeli war against Iran, which is causing much greater disruption in the production of OPEC member countries compared to the targets agreed upon by the group. This increase is close to that approved last month, which was 206,000 barrels per day, after deducting the share of the UAE, which unexpectedly announced last week its decision to withdraw starting from the first...
al24news.dzThe European Commission stated today, Monday, that the European Commissioner for Trade, Maroš Šefčovič, will meet with the U.S. Trade Representative, Jameson Greer, tomorrow, Tuesday. A spokesperson for the Commission in Brussels said the meeting will take place on the sidelines of the G7 trade ministers' meeting, adding: 'I will not speculate on the outcome of these discussions at this stage.' Trump announced last Friday that he intends to increase tariffs on cars and trucks imported from the European Union to the United States to 25%, indicating that the European Union is not committed to a trade agreement. The European Union rejected this accusation and threatened to take retaliatory measures if the increase is implemented.
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Mostaganem - The National Agency for the Promotion and Rationalization of Energy Use "APRUE" has signed a cooperation agreement with the industrial group specialized in electrical industries "GSP Electric" located in the Wilaya of Mostaganem, according to a statement from the general management of the group released today, Monday.
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Adrar - The barley harvest campaign began today, Monday, in Adrar across the agricultural area of the Algerian-Qatari integrated project 'Baladna', in the municipality of Tamest (south of Adrar).
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The number of pharmaceutical companies approved by the Ministry of Pharmaceutical Industry for the production of drugs intended for the treatment of cancer in Algeria has reached 15 companies, of which 11 are currently operational, according to a ministry official on Monday.
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Algeria - The eighth edition of the Algerian Products and Services Exhibition in Nouakchott will open tomorrow, Tuesday, with a record participation of more than 350 Algerian companies operating in various sectors, aimed at enhancing the presence of Algerian products in the Mauritanian market, while final preparations are ongoing diligently to ensure the success of this important economic event.
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The energy sector in Algeria is at the forefront of global oil deals during April 2026, following the granting of a new exploration license to the British oil company 'BP' in the Eastern Basin, a move that reflects the growing attractiveness of investment in the country and the expansion of untapped hydrocarbon opportunities, estimated to cover more than 1.7 million square kilometers. According to the monthly report prepared by the specialized energy platform, the new license allows 'BP' to carry out exploratory work including geological surveys and technical studies without immediately transitioning to the drilling phase, enabling a precise assessment of oil and gas potential, as part of Algeria's efforts to reactivate exploration activities and attract global companies...
echoroukonline.com
The Annaba Port Authority continues to carry out intensive export operations outside the hydrocarbons sector by loading three vessels with cement products destined for Italy, Portugal, and the United States of America, as part of supporting national exports and enhancing their competitiveness in international markets. According to a statement from the port authority, the operations included loading significant quantities of white cement and clinker on three vessels docked at different berths, with the vessel 'NIKI T' receiving 1,900 tons of white cement packed in large bags destined for Italy for the economic operator 'Biskra Cement'.
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The economic and financial expert Idir Sassi estimated the importance of the issue of inflating export invoices and the failure to recover hard currency, considering it one of the most prominent files strongly raised in the current economic discussion. This comes at a time when the President revealed during his regular meeting with the national press that about 350 million dollars had not entered the state treasury due to what he described as 'deliberately reducing the value of exports.' President Abdelmadjid Tebboune continued, saying: 'We got rid of the gang inflating import invoices, and we found ourselves facing a new gang deliberately reducing the value of exports.' Read the full content on Echourouk Online.
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