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Economy Dz aliqtissad dz Algeria economy news
Latest updates from the Algerian business ecosystem

Economy Dz aliqtissad dz Algeria economy news

The European Parliament is moving towards suspending the implementation of the trade agreement with the United States today, Monday, following the U.S. Supreme Court's annulment of the tariffs imposed by President Donald Trump. Members of the European Parliament indicated before an emergency meeting to discuss this issue that the agreement will be suspended. The Chairman of the International Trade Committee in Parliament, Bernd Lange, a member of the Social Democratic Party...

The South Korean Minister of Industry stated on Monday that South Korea will continue to hold 'friendly' consultations with the United States regarding tariff issues to protect the favorable export conditions secured through the bilateral trade agreement with the United States. Minister of Trade, Industry and Resources, Kim Jong-kwan, pledged to continue supporting local companies to enhance their global competitiveness amid uncertainty.

U.S. President Donald Trump renewed his criticism of the Supreme Court on Monday after it issued a ruling last week that cancels the comprehensive tariffs he imposed. The U.S. president pledged to resort to other powers to impose tariffs and issue licenses without mentioning any details. Trump wrote in a post on social media: 'The court also approved all other tariffs, which are many,...'

Algeria - The commemoration of the 55th anniversary of the nationalization of hydrocarbons, scheduled for tomorrow, Tuesday, comes in a special context characterized mainly by the state's determination to continue implementing major structuring projects to valorize the country's resources, reflecting the increasing ambition and strong desire to build a diverse and emerging economy.

Algeria - The Minister of Energy and Renewable Energies, Mourad Ajal, chaired a meeting today, Monday, dedicated to studying and following up on a number of strategic files related to the activity and management of the sector, according to a statement from the ministry.

The Chairman of the Committee for Organizing and Monitoring Stock Exchange Operations, Youssef Bouzenada, confirmed that the Algiers Stock Exchange has strongly engaged in implementing the roadmap set by the President of the Republic to stimulate the national economy, noting that new decisions have been made to support startups and facilitate their access to financing.

The National Fund for Paid Leave and Unemployment Due to Bad Weather in the Construction, Public Works, and Irrigation Sectors (CACOBAT) has obtained the renewal of three international compliance certificates ISO, after passing strict external audits covering its various structures and management systems, according to a statement from the fund this Monday.

The General Directorate of Marine Fishing and Aquaculture, under the Ministry of Agriculture and Rural Development and Marine Fishing, has prepared an action plan for the sector for the current year, which primarily includes the establishment of a national fund to compensate fishermen during periods of inactivity, whether due to weather disruptions or during biological rest periods, according to the General Director of the Directorate, Miloud Taria.

At a pivotal moment in its economic journey, Algeria commemorates on Tuesday the 55th anniversary of the nationalization of hydrocarbons, in a national context characterized by a renewed determination to valorize natural resources and establish the foundations of a diverse and emerging economy. The commemoration of this historical milestone recalls the announcement of nationalization on February 24, 1971, by the late President Houari Boumediene, which marked a strategic shift in the path to reclaiming full sovereignty over national resources.

The Minister of Energy and Renewable Energies, Mourad Ajal, chaired a meeting today, Monday, dedicated to studying and following up on several strategic files related to the activity and management of the sector, according to a statement from the ministry. During this meeting, held at the ministry's headquarters with the presence of several key officials, several key axes were examined, such as the risk map and the status of the Ain Sara and Oumache (Biskra) stations. The progress of the construction of the electricity production station in Niger, which falls within the framework of cooperation...

Sofiane Oufa, Director of Cooperation and International Relations at the Ministry of Hydrocarbons and Mines, stated that the late President Houari Boumediene's decision to nationalize hydrocarbons on February 24, 1971, was not just an economic decision, but a historic sovereign decision that enabled Algeria to regain sovereignty over its natural resources and to embark on building its economic and developmental future.
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