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Latest updates from the Algerian business ecosystem

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Seizure of over 10 tons of bananas intended for speculation in Souk Ahras

Seizure of over 10 tons of bananas intended for speculation in Souk Ahras

The security services of Souk Ahras province seized over 10 tons of bananas intended for hoarding and speculation, arresting two individuals involved in storing them without legal justification. The security services reported that the operation was carried out following a sudden raid on a warehouse where the owner was acquiring significant quantities of bananas and deliberately refraining from selling them to create a shortage.

Mar 14, 2026echaab.dz
AL24 | الاقتصاد

ICT Exports Exceed $33 Billion in February

South Korea's exports of information and communication technology products reached $33.6 billion in February, compared to $16.5 billion during the same period last year. The Korean Ministry of Science and ICT stated that ICT exports accounted for 49.8% of the country's total exports of $67.45 billion in February. In this context, semiconductor exports surged by 160% to over $25 billion, while smartphone exports rose by 16.9% last month to $1.24 billion, and exports of computers and accessories reached $2.72 billion.

Mar 12, 2026al24news.dz
Iran allows two Indian oil tankers to pass through the Strait of Hormuz

Iran allows two Indian oil tankers to pass through the Strait of Hormuz

The Iranian ambassador to India, Mohammad Fath Ali, stated on Saturday that his country has allowed some Indian ships to pass through the Strait of Hormuz, confirming a rare exception to the closure that disrupted global energy supplies. The Indian minister in charge of maritime transport reported on Saturday that two ships flying the Indian flag and carrying liquefied petroleum gas have crossed the Strait of Hormuz and are heading to ports located in western India.

Mar 14, 2026al24news.dz
Japan asks Australia to increase gas production for stable supply

Japan asks Australia to increase gas production for stable supply

Japanese Industry Minister Ryoshi Akazawa requested Australia to increase its gas production in light of the war in the Middle East. Akazawa told Australian Resources Minister Madeleine King during a bilateral meeting: “In these unprecedented circumstances, a stable supply of liquefied natural gas at reasonable prices from Australia is a lifeline for energy security in Japan and this region,” King said: …

Mar 14, 2026al24news.dz
GITEX Group Implements an Investment Plan to Increase Production Capacity and Diversify Products

GITEX Group Implements an Investment Plan to Increase Production Capacity and Diversify Products

Algeria - The holding company 'GITEX' specialized in textile and leather industries is working on developing its footwear and leather branch through a series of projects, including launching new production units and reviving others, as part of a comprehensive investment plan aimed at increasing the public group's production capacity while diversifying products to enhance the local product's market share, according to the CEO of the group, Toufik Barkani.

Mar 14, 2026aps.dz
Algeria at the Heart of the New Transformation of Oil and Gas Markets

Algeria at the Heart of the New Transformation of Oil and Gas Markets

An analysis by the energy consulting firm 'Energy Capital & Power' showed that the military escalation between Iran, the United States, and the Zionist entity is bringing African oil and gas back to the forefront of global energy markets, with North African producers, led by Algeria, emerging as safer alternative supply sources amid Gulf disruptions. The report explained that tensions in the Strait of Hormuz, through which about 20% of global oil passes, and attacks on energy infrastructure have led to market volatility and temporarily pushed crude oil prices above $115 per barrel, prompting international buyers to seek alternative suppliers outside the Gulf region. View the full content at ...

Mar 14, 2026echoroukonline.com
Chinese Geely Launches Strategic Space Projects in Algeria

Chinese Geely Launches Strategic Space Projects in Algeria

The platform 'China Global South Project' published a report on the expansion of the Chinese 'Zhejiang Geely Holding Group' in the space sector in Africa, highlighting its projects in Algeria aimed at developing the local satellite industry and enhancing technological innovation. The report, which 'Echorouk Online' reviewed, indicated that the company, through its space arm 'Time Space Daoyu Technology Co', signed agreements with the Algerian Space Agency to establish a facility for satellite manufacturing in Algeria, in addition to developing a research and space applications center that brings together scientists, engineers, and local companies to develop services and technologies based on satellites, especially in the field of...

Mar 14, 2026echoroukonline.com
Surpassing Hollywood Giants.. YouTube Takes the Lead in the Digital Advertising Market for 2025

Surpassing Hollywood Giants.. YouTube Takes the Lead in the Digital Advertising Market for 2025

YouTube achieved record advertising revenues of $40.4 billion in 2025, surpassing the total revenues of major American studio companies Disney, NBC, Paramount, and Warner Bros. Discovery, which totaled $37.8 billion in advertising revenues. A report from Hollywood Reporter indicated that this achievement reflects a clear shift in content consumption patterns, as advertisers increasingly relied on digital platforms to keep up with audience preferences, especially among younger demographics. Read the full content on Echourouk Online.

Mar 14, 2026echoroukonline.com
Algeria Port Receives 568 Units of Imported Buses

Algeria Port Receives 568 Units of Imported Buses

The Military Industries Directorate, through the Automotive Industry Development Company affiliated with the second military region, received today, Saturday, at the Port of Algeria a new shipment of imported buses consisting of 568 buses of various types. Public television reported that this shipment is part of a total of 6,800 buses scheduled to be received from foreign partners, including the Federal Republic of Germany and the People's Republic of China, as part of the program of the President of the Republic, the Supreme Commander of the Armed Forces and Minister of National Defense, aimed at importing 10,000 new buses to renew the national fleet for passenger transport. View the full content on Echourouk Online.

Mar 14, 2026echoroukonline.com
Appointment of the new composition of the National Committee for Granting Labels to Startups

Appointment of the new composition of the National Committee for Granting Labels to Startups

The Minister of Knowledge Economy, Startups, and Micro Enterprises, Nourredine Wahid, presided over the appointment of the new composition of the National Committee specialized in granting labels for 'Innovative Project', 'Startup', 'Business Incubator', and 'Accelerated Enterprise', as part of renewing its membership and enhancing its effectiveness. The ministry stated in a statement that this committee is a key component of the startup ecosystem in Algeria, as it is responsible for reviewing all applications for the four labels, in addition to assessing the needs for launch, expansion, and import programs. The appointment included the designation of a new chairperson for the committee and the addition of several new members representing various ministerial sectors and national experts. View the full content on Echourouk Online.

Mar 14, 2026echoroukonline.com

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