Latest updates from the Algerian business ecosystem
Blida - The Minister of Agriculture, Rural Development and Fisheries, Yassine Mahdi Walid, revealed today Thursday in Blida, the preparation of his ministerial services for an 'ambitious program' to gradually eliminate the import of seeds and seedlings, to ensure food security and reduce the import bill.
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The Director General of Fisheries at the Ministry of Agriculture and Rural Development, Mr. Miloud Taria, expressed the aim to contribute to economic development by prioritizing the increase of fishery production to a total of 120,000 tons annually and 115,000 tons for aquaculture, and improving the per capita fish consumption rate.
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Today, Thursday, the Minister of Foreign Trade and Export Promotion, Kamal Rzig, arrived in Mostaganem Province, where he was welcomed by the Wali of the province, Ahmed Bouduh, along with the President of the Provincial People's Council, Idris Abassa, and the province's deputies in Parliament, as well as local authorities and members of the security committee.
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The Electricity and Gas Regulatory Commission announced the opening of applications for the recruitment of a study engineer at the Gas Directorate, inviting those interested in the position to submit their files before March 17, 2026. The commission clarified that the application file must include a motivational letter and a CV, to be sent by filling out the electronic form available on the official website of the commission, or via email: RH@creg.energy.gov.dz. View the full content on الشروق أونلاين.
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Rabobank, the Dutch bank, forecasted in a report that global coffee production will reach 180 million bags weighing 60 kilograms each during the 2026/2027 season starting next October, representing the highest potential annual production level ever. The report explained that the anticipated increase is driven by a rise in Arabica coffee production in Brazil following improved weather conditions, which enhances global supplies in the new season. Read the full content on الشروق أونلاين.
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Azzouz Nasri, President of the Council of the Nation, received Elizabeth Ann Lofima, Ambassador of the Kingdom of the Netherlands to Algeria, where they confirmed the strengthening of bilateral relations in the economic and diplomatic fields, and the development of parliamentary cooperation between the two countries. The meeting, which took place yesterday, Wednesday, highlighted the importance of raising the level of economic relations, especially in the fields of energy, renewable energies, agriculture, food industries, and water resource management, in addition to supporting startups and innovation, benefiting from the new legal framework for investment that provides guarantees and incentives for investors. Read the full content on Echourouk Online.
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Azouz Nasri, President of the Council of the Nation, received Elizabeth Anne Lofima, the Ambassador of the Kingdom of the Netherlands to Algeria, where the emphasis was placed on enhancing bilateral relations in economic and diplomatic fields, and developing parliamentary cooperation between the two countries. The meeting, which took place yesterday, Wednesday, highlighted the importance of raising the level of economic relations, especially in the fields of energy, renewable energies, agriculture, food industries, and water resource management, in addition to supporting startups and innovation, benefiting from the new legal framework for investment that provides guarantees and incentives for investors. Watch the full content on Echourouk Online.
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The cost of renting a large crude oil tanker to ship two million barrels from the Middle East to China has risen to $206,141 per day, for the first time since April 2020, according to data from the London Exchanges Group and the World Scale index used to calculate shipping costs in the sector, marking a fourfold increase since the beginning of the year. This rise comes in the wake of increased crude exports from the Middle East, amid fears of a potential military conflict between the United States and Iran, prompting traders to intensify tanker rentals. Estimates suggest that rising shipping costs may reduce the profits of Asian refineries. Watch the full content on الشروق أونلاين
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Kamal Rezig, Minister of Trade and Export Promotion, will inaugurate today, Thursday, in the Wilaya of Mostaganem, the exhibition dedicated to clothing and textile industries, and will oversee the first export operation of children's clothing to Mauritania, in a step aimed at supporting national products and enhancing the competitiveness of the textile sector in foreign markets. The reception ceremony was attended by the Governor of Mostaganem, Ahmed Bouduh, the President of the Wilaya People's Council, Idris Abbassa, along with members of the security committee, parliament deputies from both chambers, the General Inspector of the Wilaya, the Head of the Mostaganem District and its Mayor, in addition to the representative of the High Council of Youth, and the Directors of Civil Protection and Trade, and the Deputy Head of the Regional Customs Inspection, and the Wilaya Coordinator.
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Economy of Algeria news
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Economy DZD aliqtissad dz Algeria Economy News
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Oil prices rose today, Thursday, to near their highest levels in seven months. Brent crude futures recorded $71.12 per barrel, up 27 cents or 0.3% by 01:23 GMT. West Texas Intermediate futures rose 23 cents or 0.4% to $65.65. Brent rose eight cents yesterday while West Texas Intermediate fell...
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