Latest updates from the Algerian business ecosystem
The eighth edition of the International Investment Salon in the fields of industry, energy, construction, public works, logistics, and export 'Algeria Invest Expo' will take place from March 26 to 29 at the 'Mohamed Ben Ahmed' conference center in Oran, according to a statement from the organizers on Tuesday.
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Algeria emerges as the most suitable alternative to secure helium supplies to global markets, following the halt of liquefied natural gas production in Qatar due to the American-Zionist war against Iran. According to data from the Energy Research Platform, Algeria's annual helium production capacity is about 50 million cubic meters, making it the third largest producer after the United States (194 million cubic meters) and Qatar (72 million cubic meters). Read the full content on الشروق أونلاين.
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Oil prices fell by about 8.5% during trading on Tuesday, March 10, for the first time in eight sessions, as fears of long-term disruptions in global crude supplies eased following U.S. President Donald Trump's statements about the possibility of the war in the Middle East ending soon. According to trading data, Brent crude futures for May 2026 fell by 8.24% to $91.09 per barrel, while West Texas Intermediate crude futures for April 2026 dropped by 8.47% to $86.74 per barrel. View the full content on الشروق أونلاين
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Gold prices rose by about $84 during trading on Tuesday, March 10, surpassing losses from the previous session, as the US dollar index fell against a basket of major currencies, boosting demand for the precious metal. According to trading data, gold futures for April delivery, by 10:26 AM GMT, rose by 1.74% or $88.51 to reach $5183.94 per ounce, while spot contracts increased by 0.81% to $5180.13 per ounce. View the full content on Echourouk Online.
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Nour Eddine Ouadih, Minister of Knowledge Economy, Startups, and Micro Enterprises, confirmed on Tuesday that innovation has become 'an indispensable strategic choice' for building a national economy based on knowledge and the capabilities of youth, praising the effective role of Yahia Fares University in Medea in supporting student project holders during a working visit to the province. The minister explained that the integration of efforts between youth, local authorities, and innovation centers reflects the success of public policies supporting entrepreneurial initiatives, emphasizing the growing role of self-employment as a fundamental contributor to the national economy, and the state's vision to integrate students, researchers, and national talents inside and outside the country into the economic cycle, while keeping pace with transformations...
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This month, the exploitation of the zinc and lead mine in Wadi Amizour in Béjaïa will begin, with an estimated stock of 34 million tons available for exploitation, including 170,000 tons of zinc and 30,000 tons of lead, making the project highly valuable in international markets, according to Professor Malik Ould Hamou, director of the Mining Engineering Laboratory and consultant in the mining field. Ould Hamou explained in his talk on the program 'Guest of the Day' on Algeria's third radio channel that the Wadi Amizour mine is one of the most important deposits globally, ranking approximately twelfth in the world, and is characterized by underground exploitation, where raw blocks are extracted before being transported to a plant for mineral processing and raising the concentration to about 60% zinc or...
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Economy Dz aliqtissad dz Algeria Economy Economic News
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Oil production cuts in the Middle East are widening as the vital Strait of Hormuz remains nearly shut down, increasing chaos in energy markets, amid warnings from major producers of catastrophic consequences. The war in the Middle East, which has entered its second week, and the effective closure of the main export route, along with the resulting filling of storage facilities, have led major producers to cut oil production.
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Oil prices fell this Tuesday by 9 percent, after reaching their highest level in more than three years in the previous session. Brent crude futures dropped by more than $9 to $89.58 per barrel, while West Texas Intermediate crude also fell by $9 to $85.77.
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The African Petroleum Producers Organization confirmed that the Trans-Saharan Gas Pipeline (TSGP) project, which connects Nigeria to Algeria via Niger, is one of the strategic structural projects capable of enhancing Africa's position as a key player in the global energy market balance, by providing a new route for gas supplies to international markets, especially European ones. In an editorial published on the organization's website titled 'Africa: The Strategic Hub of the New Energy Map', the organization's Secretary-General, Fred Ghazali, explained that accelerating the development of vital infrastructure on the continent has become a strategic priority, with the Trans-Saharan Gas Pipeline project at the forefront.
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Iranian state media reported that the Iranian Revolutionary Guard announced that Arab and European countries expelling U.S. and Israeli ambassadors will enjoy full freedom to transit through the Strait of Hormuz, the strategic maritime passage that carries about one-fifth of global oil and liquefied natural gas exports. This announcement came amid a halt in maritime shipping and energy exports through the strait, leading to hundreds of ships remaining anchored on both sides of the waterway, causing heightened tension in global oil and shipping markets. Read the full content on Echourouk Online.
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