
Brent crude exceeds $106 per barrel
Oil prices jumped by more than four dollars during trading on Thursday.
Latest updates from the Algerian business ecosystem

Oil prices jumped by more than four dollars during trading on Thursday.

The Minister of Knowledge Economy, Startups, and Micro Enterprises, Nourredine Wadih, discussed with the Deputy Chairperson of the African Union Commission, Salma Malika Haddadi, ways to enhance cooperation at the continental level in the field of innovation, according to a statement from the ministry.

The Algerian Desalination Company (a subsidiary of SONATRACH) and the Industrial Group of Cement of Algeria (Gica) were awarded the 'Algeria Invest Awards' during the international salon 'Algeria Invest Expo 2026', held from March 26 to 29 at the 'Ahmed Ben Ahmed' Convention Center in Oran, in recognition of their projects with significant economic, environmental, and social impact.

AL24 News - Brent crude exceeds 106 dollars per barrel - news

AL24 News - Algeria: Ouadja discusses with the Deputy Chairperson of the African Union Commission enhancing cooperation at the continental level - news

AL24 News - Chinese public companies achieve profits of $91 billion during the first two months of 2026 - news

The Minister of Knowledge Economy, Startups, and Small Enterprises, Nourredine Wadih, received the Deputy Chairperson of the African Union Commission, Salma Malika Haddadi, where the two sides discussed ways to enhance cooperation at the continental level in the field of innovation, according to a statement from the ministry this Thursday. The same source clarified that this meeting, which took place yesterday Wednesday in Algiers, reviewed the rapid dynamics of the startup ecosystem in Algeria and ways to enhance it through intensifying cooperation at the continental level.

The National Agency for the Valorization of Hydrocarbon Resources 'Naftal' announced April 19, 2026, as the official date for launching the new international tender 'Bid Round', which will include seven exploration areas, as part of the implementation of the national strategy for the valorization of hydrocarbon resources. The agency clarified in a statement that this phase represents an extension of the path previously launched and constitutes a structural step aimed at enhancing the exploitation of national resources according to a clear strategic vision. Read the full content on Echourouk Online.

The Minister of State, Minister of Energy and Mines, Mohamed Arkab, confirmed Algeria's commitment to supporting African countries in developing the energy sector by sharing expertise and enhancing cooperation in exploration, production, processing, and training. This was during his reception yesterday, Wednesday, of the Secretary General of the African Petroleum Producers Organization (APPO), Farid Ghazali. According to a statement from the relevant ministry, the meeting discussed ways to enhance cooperation between Algeria and the organization, especially in the fields of training, research, and development, as well as discussing developments in international energy markets and the prospects for African partnership in light of global energy transformations. Watch the full content on Echourouk Online.

Algeria is organizing on April 15th the third session of the Maritime Forum of Algeria, with the participation of actors from the maritime and financial sectors, where its sessions will be dedicated to discussing mechanisms for financing maritime transport and its role in supporting investment and keeping pace with the rapid transformations in this strategic sector. The forum aims to bring together decision-makers, ship owners, investors, financial institutions, public bodies, and port operators, to exchange views on ways to enhance the competitiveness of the sector and improve the performance of maritime assets, in addition to supporting investment and partnership opportunities. Read the full content on Echourouk Online.

Oil prices jumped by more than four dollars during trading this Thursday. Brent crude futures rose by $4.88, or 4.8%, to reach $106.04 per barrel. Meanwhile, West Texas Intermediate crude futures increased by $4.17, or 4.2%, to record $104.29 per barrel.

A financial envelope of 2.4 billion DA has been allocated for the 2026 fiscal year to support local development
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