
OPEC Keeps Global Oil Demand Growth Forecast for 2026 Unchanged - Iqtissad Al Balad
DZD economy aliqtissad dz Algeria economy news
Latest updates from the Algerian business ecosystem

DZD economy aliqtissad dz Algeria economy news

The German news agency reported that sales of Mercedes-Benz have seen a decline in the average selling price of its cars over the past two years, following a period of exceptional profits. The average selling price at Mercedes-Benz, which measures the relationship between passenger car division revenues and the number of cars sold, dropped to about 68,100 euros in 2025 compared to 71,000 euros...

Foreign companies have been authorized to purchase Russian oil.

Gold prices rose today, Friday, supported by a decline in the dollar and a drop in U.S. Treasury yields. The price of gold in spot transactions increased by 0.7 percent to reach $5112.34 per ounce. Meanwhile, U.S. gold futures for April delivery fell by 0.2 percent to $5115.80. Despite this increase, the precious metal has lost about one percent since the beginning...

The German news agency reported that sales of Mercedes-Benz have seen a decline in the average selling price of its cars over the past two years, following a period of exceptional profits. The average selling price at Mercedes-Benz, which measures the relationship between revenues from the passenger car division and the number of cars sold, dropped to around 68,100 euros in 2025 compared to 71,000 euros in 2024, a decline of nearly 4%. The analysis showed that the average selling price had been continuously rising since 2019, when it was around 51,000 euros, reaching its highest level at 74,200 euros in 2023, before starting to decline thereafter. A company spokesperson clarified that this indicator only reflects...

Oil prices recorded an increase of more than 9 percent at settlement yesterday, Thursday. Brent crude futures rose by $8.48 per barrel or 9.22 percent to reach $100.46 per barrel at settlement, marking the highest level since August 2022. West Texas Intermediate crude futures also rose by $8.48 or 9.72 percent to reach $95.73 per barrel at settlement.

The Minister of Internal Trade and Regulation of the National Market, Amal Abdel Latif, stated that her services attach special importance to promoting national production in various sectors, in light of the emergence of a significant number of Algerian companies capable of meeting the needs of the national market, especially during occasions and religious holidays, which supports economic activity and contributes to enhancing the development of the national economy.

The tourism and traditional industries sector continues its series of participations in major international promotional events, as it showcased its presence at the 32nd edition of the International Tourism and Travel Fair - "MIT Moscow", which is taking place in the Russian capital Moscow from March 11 to 13, 2026.

The year 2026 marks a new stage in Algeria's energy transformation with the gradual commissioning of several solar power plants.

Algeria - On Thursday, a new land transport line connecting Algiers and Tunis was inaugurated, as part of efforts to enhance the international transport network and facilitate the movement of people between the two countries.

Brent crude futures settled at $100.46 a barrel, up $8.48 or 9.2 percent after hitting $101.60 a barrel earlier in the session. West Texas Intermediate crude rose to $95.70, gaining $8.48 or 9.7 percent. Both crude benchmarks closed at their highest levels since August 2022.

Today, Thursday in Bejaia, a section of the dual carriageway project linking the province to the East-West motorway was commissioned, according to a statement from the Ministry of Public Works and Basic Infrastructure.
News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.