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Gold Tumbles to Two-Month Low Amid US-Iran Tensions and Inflation Fears
Gold prices plunged on Thursday to their lowest level in nearly two months, as escalating tensions between the United States and Iran rattled markets, fueling inflation concerns and dimming hopes for interest rate cuts. Spot gold dropped 1.5% to $3,388.76 per ounce by 07:40 GMT, touching its weakest point since March…
Algeria-Tamanrasset Railway Named One of Africa’s Most Transformative Infrastructure Projects
The African Development Bank Group has spotlighted the Algeria-Tamanrasset railway as one of the continent’s most transformative infrastructure projects, underscoring its strategic importance as a trans-Saharan corridor critical to accelerating the African Continental Free Trade Area. Speaking at the Bank’s annual…
African Development Bank Raises Algeria’s Growth Forecast to 4.1% for 2026
The African Development Bank Group has significantly upgraded its economic growth projections for Algeria, forecasting a real GDP growth rate of 4.1% in 2026 — well above the previous estimate of 3.4% — and 4.2% in 2027, according to the institution’s 2026 Africa Economic Outlook report presented in Brazzaville…
Algeria’s Markets Stay Open: Massive Trader Compliance on First Day of Eid Al-Adha
Algeria’s Ministry of Internal Trade and National Market Regulation has recorded an overwhelming response from traders to the on-duty rotation system on the first day of Eid Al-Adha, with 53,709 out of 53,711 designated traders across the country honoring their commitments. Only three traders and one production unit…
Algeria and China Launch Joint Venture to Modernize National Port Infrastructure
Algeria’s Minister of Public Works and Infrastructure, Abdelkader Djellaoui, presided over the signing of a landmark Memorandum of Understanding between the Maritime Works Group (GTM) and China Harbour Engineering Company (CHEC), establishing a joint Algerian-Chinese company tasked with carrying out dredging…
Algeria and China Sign Major Deal to Modernize National Ports Infrastructure
Minister of Public Works and Base Infrastructure, Abdelkader Djellaoui, presided over a landmark signing ceremony at the ministry headquarters, formalizing a Memorandum of Understanding between the Maritime Works Group (GTM) and Chinese Harbour Engineering Company (CHEC). The agreement establishes a joint…
Algeria’s Eid Hides Campaign Enters 7th Year, Boosting National Leather Industry
Algeria’s national campaign to collect Eid al-Adha animal hides has entered its seventh consecutive year, with officials telling dzwatch that the initiative is playing a transformative role in strengthening the country’s leather industry. Miqdad Akoun, official at the Ministry of Industry’s studies and planning…
Leadership Shake-Up at Hyproc: New CEO Appointed at Algeria’s Hydrocarbon Shipping Giant
Algeria’s state-owned hydrocarbon maritime transport company Hyproc Shipping has announced a significant leadership change, with Tama El-Houari appointed as the new Chief Executive Officer, replacing Adil Chrouati, who held the position for the past 18 months. Chrouati previously served as CEO of Tassili Airlines, a…
Algeria and China Sign Historic MOU to Boost National Port Dredging Cooperation
Algeria’s Minister of Public Works and Infrastructure, Abdelkader Djellaoui, presided over the signing of a landmark Memorandum of Understanding between the Maritime Works Group (GTM) and China Harbour Engineering Company (CHEC), establishing a joint Algerian-Chinese mixed company tasked with carrying out dredging…
Algeria Launches ‘Dzair Digital Services’ Portal as Government Accelerates AI Strategy
Prime Minister Nadir Larbaoui chaired a high-level government meeting dedicated to examining Algeria’s National Artificial Intelligence Strategy and reviewing the launch plan for the national digital services portal, ‘Dzair Digital Services’. The government confirmed to dzwatch that the initiative falls within…
Ooredoo Algeria Sets Deadlines for ‘Media Star’ and ‘Rising Star’ Press Competitions
Ramadan Djazairi, Director of Institutional Affairs at Ooredoo Algeria, told dzwatch exclusively about major shifts in media consumption and confirmed final deadlines for two prestigious national journalism competitions. Djazairi highlighted that smartphones have revolutionized how Algerians consume news, replacing…
African Development Bank Annual Meetings Open in Brazzaville, Mobilizing $400B for Africa’s Future
The African Development Bank (AfDB) Group kicks off its annual meetings Monday in Brazzaville, Congo, with resource mobilization for economic development at the heart of the agenda. Over 3,000 delegates — including heads of state, senior economic and financial officials, and private sector leaders — are expected to…
Sonatrach CEO Takes Center Stage at Istanbul Natural Resources Summit
Sonatrach CEO Noureddine Daoud represented Algeria at the second edition of the Istanbul Natural Resources Summit (INRES), themed ‘Energy and Natural Resources at the Heart of a Changing World’, inaugurated by Turkish President Recep Tayyip Erdoğan. Daoud served as a key speaker in the summit’s opening session…
27 Nations Rush to Secure Emergency World Bank Funding Amid Middle East War Economic Fallout
Twenty-seven countries have begun activating crisis mechanisms to rapidly access financing from existing World Bank programs, following the outbreak of war in the Middle East — a conflict whose economic shockwaves are now threatening developing economies worldwide. The World Bank document does not name the countries…
Minister Djellaoui Chairs High-Level Meeting to Accelerate Eastern Mining Railway Line Construction
Minister of Public Works and Infrastructure, Abdelkader Djellaoui, chaired an intensive working session this Saturday dedicated to evaluating progress and enforcing previous recommendations on the Eastern Mining Railway Line project, specifically the 121-km Bouchegouf–Drea segment. The session brought together senior…
Algeria Receives Over 36,000 Imported Sheep at Oran Port Ahead of Eid al-Adha
The port of Oran received two cargo vessels carrying over 36,000 imported sheep last weekend, in a major logistical operation aimed at ensuring adequate livestock supply ahead of Eid al-Adha. The first shipment, arriving Friday, comprised 26,180 heads, followed by a second delivery of 10,000 heads on Saturday. Both…
Algeria Launches ‘Enrico Mattei’ Agricultural Excellence Center with African Dimension
Algeria has established a landmark Algerian-Italian center of excellence dedicated to training, research, and innovation in the agricultural sector, bearing the name ‘Enrico Mattei’ — with a broad African dimension at its core. Presidential Decree No. 26-193, signed by President Abdelmadjid Tebboune on May 12, was…
Algeria Attracts $1.5 Billion in New Investments as Five Major Projects Break Ground in Mostaganem
Algerian authorities have laid the foundation stones for five major investment projects at the Bordj industrial zone in Mostaganem province, signaling a powerful acceleration in the country’s industrial transformation strategy. Omar Rakkache, Director General of the Algerian Investment Promotion Agency, oversaw the…
Algeria’s Tourism Sector Booms: 280 New Investment Projects Worth Over 257 Billion Dinars
Algeria’s tourism sector is experiencing remarkable investment momentum, with 280 new projects registered since the introduction of the new investment legal framework in November 2022, the Director General of the Algerian Investment Promotion Agency, Omar Rakkache, told dzwatch. Speaking at a study day in Mostaganem…
Sonatrach Delivers First LPG Shipment to Chad Under Historic Energy Partnership
Algeria’s energy giant Sonatrach has loaded its first liquefied petroleum gas (butane) shipment bound for the port of Douala, Cameroon, from where it will be transported overland to Chad — marking a landmark milestone in Algeria’s expanding African energy strategy. The delivery follows a framework agreement signed…
