
SONATRACH Expands Cooperation with South Korea
Discussions on supplies, marketing contracts, and partnership prospects.
Latest updates from the Algerian business ecosystem

Discussions on supplies, marketing contracts, and partnership prospects.

The Minister of State, Minister of Hydrocarbons, Mohamed Arqab, along with the Minister of Mines and Mining Industries, Mourad Hanifi, chaired a coordination meeting today, Tuesday, in Algiers, dedicated to monitoring the progress of the integrated phosphate project in the regions of El Hadba and Oued Kbiret, according to a statement from the Ministry of Hydrocarbons. The same source clarified that the meeting, which was attended by the Secretary of State to the Minister of Mines and Mining Industries, Karima Bakir Tafer, […]

The Algerian Agency for Investment Promotion studied, today Tuesday in Algiers, the proposal to create a comprehensive industrial investment city to be established on privately owned land in Boughezoul, Médéa Province, which is the first project of its kind to be examined at the agency level. This came during the reception of the agency's Director General, Omar Rekach, for the project owner represented by the establishment and development of the 'Sama' city […]

DZD economy aliqtissad dz Algeria economy news

The Algerian Investment Promotion Agency held a working meeting today, Tuesday, via remote conferencing with the Invest Oman hall, as part of enhancing partnership and exchanging experiences in the field of investment promotion and support. This meeting falls within the context of the rising dynamics in economic relations between Algeria and the Sultanate of Oman, especially following the reciprocal visits between the President of the Republic, Abdelmadjid Tebboune, and His Majesty Sultan Haitham bin Tariq, which contributed to giving a strong impetus to bilateral cooperation and opening new horizons for promising investment partnerships in several strategic sectors, according to a statement from the Algerian Investment Promotion Agency. This meeting was chaired by the agency...

Economy Dz aliqtissad dz Algeria economy news

The price of gold fell today, Friday, due to the rise of the dollar, continuing to achieve gains for the third consecutive week. The price of gold in spot transactions dropped by 0.1 percent to $4759.54 per ounce, yet the metal recorded a gain of 1.8 percent since the beginning of the week. U.S. gold futures for June delivery fell by 0.7 percent to $4782.70. As for other precious metals, silver rose in spot transactions by 0.9 percent to $75.74 per ounce, while platinum lost two percent to $2061.06, and palladium dropped by 1.2 percent to $1539.43.

The Central Bank of Libya announced today, Saturday, that the House of Representatives and the High Council of State have approved the first unified budget for the country in more than 13 years. The central bank added in a statement that the approval of the two legislative councils for the budget could help enhance financial stability and represents an important step towards ending years of financial division. The statement said, 'The Central Bank of Libya expresses its welcome for the signing of Annex No. (1) of the unified development agreement, which includes the adoption of the general expenditure tables for the Libyan state... in a step that reflects real progress towards unifying financial policy and enhancing discipline in public expenditure management.' The statement clarified, 'This agreement represents a pivotal station as it is the first...

Algeria - The Minister of State, Minister of Energy, Mohamed Arkab, along with the Minister of Mines and Mining Industries, Mourad Hanifi, chaired a coordinating meeting today, Tuesday, in Algiers, dedicated to following up on the progress of the integrated phosphate project in the regions of Hadba and Oued Kébrit, according to a statement from the Ministry of Energy.

Algeria - The CEO of SONATRACH, Nourredine Daoudi, received today, Tuesday, a delegation from the South Korean Ministry of Foreign Affairs, led by the Deputy Minister for Economic Affairs, the special envoy of the minister, Park Jung-han, where both parties discussed ways to strengthen trade relations in the hydrocarbons sector, according to a statement from the group.

The Minister of Industry, Yahia Bacheir, along with the Minister of the High Commission for Digitalization, Mariem Ben Mouloud, and the Minister of Postal and Telecommunications, Sid Ali Zerouki, chaired a coordination meeting today, Tuesday, dedicated to studying an information system project that allows monitoring the supply of the national market by production companies, according to a statement from the ministry.

The Algerian Agency for Investment Promotion studied, today Tuesday in Algiers, the proposal to create a project for an integrated industrial investment city to be established on privately owned land in Boughezoul, Médéa Province, which is considered the first project of its kind to be examined at the agency level.
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