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Latest updates from the Algerian business ecosystem

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Wide Implications for the Global Economy Due to the US Military Strike on Iran

Wide Implications for the Global Economy Due to the US Military Strike on Iran

Energy geopolitics specialist and oil and gas sector expert, Francesco Sassi, predicts that the US-Israeli war on Iran will have significant implications for supply chains and oil markets. On Friday, February 27, the price of oil reached $73 per barrel, marking its highest level since July of last year, just before the US strike on Iran. Read the full content on Echourouk Online.

Feb 28, 2026echoroukonline.com
Mazout and Half a Million Tons of Asphalt from the Augusta Refinery for Algeria in 2026

Mazout and Half a Million Tons of Asphalt from the Augusta Refinery for Algeria in 2026

The CEO of the Augusta refinery owned by SONATRACH in the Italian island of Sicily, Rosario Pistorio, revealed that the facility will supply the Algerian market with mazout in 2026, in addition to half a million tons annually of asphalt (bitumen) used in roads. He noted that SONATRACH has centralized all interests in Sicily with a unified command center, unlike the previous owner of the refinery (ExxonMobil) which had a fragmented structure for interests and services. The statements from the head of the Augusta refinery, who was reinstated a few days ago at the helm of the company, came through a video of a press interview conducted with him by the local news site

Feb 28, 2026echoroukonline.com
700 trillion… Debts attract the attention of those concerned with 'tax reconciliation'

700 trillion… Debts attract the attention of those concerned with 'tax reconciliation'

The total outstanding collections at the tax administration as of December 31, 2023, reached approximately 7.622,644 trillion dinars, of which 6.991,206 trillion dinars are tax debts. This comes at a time when the government announced a tax reconciliation allowing debtors to settle their situation by paying only 8 percent of their debts, along with other exemptions extending until December 31 of the upcoming year. According to a report issued by the Finance and Budget Committee of the National People's Assembly, related to the budget settlement project for the year 2023, outstanding collections and tax debts in Algeria continue to rise, posing a growing burden on public finances, with total accumulated debts at the tax administration reaching approximately 7.622,644 trillion dinars as of December 31, 2023, and...

Feb 28, 2026echoroukonline.com
Algeria's Gross Domestic Product will jump to 324 billion dollars in 2026

Algeria's Gross Domestic Product will jump to 324 billion dollars in 2026

The international network 'KPMG' published a comprehensive guide on investments in Algeria, detailing the investment process and conditions for launching projects, along with various economic and structural data that frame the activities of national and foreign investors. This guide will serve as a gateway for international companies wishing to enter the country, predicting that Algeria's Gross Domestic Product (GDP) will leap in 2026 to reach 41,878 billion dinars, equivalent to 324 billion dollars. In this context, the investment guide published in February 2026, which 'Echorouk' reviewed a copy of, highlighted that the Algerian economy ranks third in the Middle East and North Africa region and is considered a locomotive...

Feb 28, 2026echoroukonline.com
Sonelgaz Technicians Inspect Electricity Production Plant Project in Niger

Sonelgaz Technicians Inspect Electricity Production Plant Project in Niger

The technical team of the Sonelgaz group in the Nigerien capital Niamey held coordination meetings and field inspections in preparation for the launch of the electricity production plant project for the Nigerien electricity company 'NIGELEC', according to a statement from the public group on Saturday. The first day of the visit, which began on Friday, included a coordination meeting with the Secretary General of the relevant Nigerien ministry, during which arrangements were made...

Feb 28, 2026echaab.dz
Sonelgaz technicians inspect the launch site of the electricity production plant project in Niger

Sonelgaz technicians inspect the launch site of the electricity production plant project in Niger

The technical team of the Sonelgaz group in the Nigerien capital Niamey conducted coordination meetings and field inspections in preparation for the launch of the electricity production plant project for the Nigerien electricity company 'NIGELEC', according to a statement from the public group today, Saturday. The first day of the visit, which began yesterday, Friday, included a coordination meeting with the Secretary General of the Nigerien ministry in charge, during which arrangements were made...

Feb 28, 2026echaab.dz

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