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Energy Efficiency: Towards Deep Technical Cooperation Between Algeria and South Korea
Algeria and South Korea are set to enhance their technical cooperation in energy efficiency following a series of strategic meetings. During a study visit, Algeria’s Renewable Energy and Energy Efficiency Authority met with key South Korean energy actors to explore advanced green technologies. The visit, supported by…
National Maritime Transport Company Terminates “Moby Dada” Lease Contract
Algiers – The National Maritime Transport Company for Passengers has recently terminated its lease contract with the owner of the Italian vessel “Moby Dada” due to recurring technical issues that disrupted the summer travel schedule. This announcement was made on Saturday in Algiers by the company’s Chairman, Mohamed…
Sonelgaz Explores Partnership Expansion with South Korean Company BHI
Algiers – The Sonelgaz Group held discussions with the South Korean company BHI to explore ways to enhance and expand their existing partnership into new areas, according to a statement released by the group on Thursday. The statement revealed that Sonelgaz’s President and CEO, Mourad Adjal, hosted Bijay Doak, the…
Ministry of Industry Aims to Complete Recovery of Confiscated Assets by End of 2024
Algiers – The Ministry of Industry and Pharmaceutical Production is set to finalize the recovery of assets confiscated in corruption cases by the end of 2024, according to a statement made on Monday by a senior official from the ministry. Jamal Ghadeer, Deputy Director of Corporate and Industrial Governance at the…
Algeria Calls for More Inclusive and Transparent International Financial Architecture for the Global South
Algeria‘s Minister of Finance, Laziz Faid, called for a more inclusive and transparent international financial system that aligns with the specific needs of the Global South during his participation in the third South-South Summit on Saturday, according to a statement from the Ministry. In his remarks at a virtual…
Oil Prices Decline Amid Weaker Demand Outlook from China
Oil prices dropped by around two percent at the close of trading, driven by diminishing investor expectations for demand growth from China, the world’s largest oil importer. Brent crude futures fell by $1.36, or 1.7 percent, to settle at $79.68 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures…
Minister of Trade Oversees Launch of Specialized Grape Market in Boumerdès
On Thursday, the Minister of Trade and Export Promotion, Tayeb Zitouni, accompanied by the Governor of Boumerdès, Fawzia Naama, oversaw the inspection of the newly launched specialized grape market in Bordj Menaiel. According to a statement from the ministry, the minister emphasized the importance of Boumerdès as a…
Algerian Public Foundry Enterprise Takes Over Jerma Car Assembly Plant and Dry Port in Batna
On Sunday in Batna, the signing of the handover agreements for the car assembly plant in Jerma and its associated dry port in the municipality of Seriana was completed. These facilities have been transferred to the Algerian Public Foundry Enterprise (FONDALE). This move follows the directives of President Abdelmadjid…
Algerian Government Unveils Comprehensive Economic Plan
The Algerian government has announced a comprehensive economic plan aimed at revitalizing the nation’s economy. The plan focuses on diversifying the economy, reducing dependency on oil, and fostering sustainable growth. Key measures include investing in renewable energy, promoting small and medium enterprises (SMEs)…
National Fund for Agricultural Cooperation Signs Partnership Agreement with National Office for Educational and Vocational Works
The National Fund for Agricultural Cooperation and the National Office for Educational and Vocational Works have signed a framework partnership agreement to insure the agricultural activities and properties of the office. On Tuesday, the National Office for Educational and Vocational Works (ONEVT) announced the…
Minister of Energy on a Working Visit to Niger
Today, Tuesday, the Minister of Energy and Mines, Mohamed Arkab, begins a working visit to Niamey, the capital of the Republic of Niger, at the invitation of Nigerien Petroleum Minister, Maman Mustapha Barkai Bako. According to a ministry statement, Minister Arkab will be accompanied by the CEO of Sonatrach and…
Algeria to Join the Ranks of World’s Largest Iron Reserve Holders
President Abdelmadjid Tebboune has affirmed that Algeria is set to become one of the world’s leading countries in terms of iron reserves. In his speech during the second edition of the President’s Award for the Best Exporter, under the theme “Commitment, Achievements, and Prospects,” President Tebboune stated that…
Sonatrach Director Rejects Haj Rjem’s Resignation
On Wednesday, Sonatrach CEO Rachid Hachichi met with the Chairman of MC Algiers, Mohamed Hakim Haj Rjem, at the company’s headquarters. According to an official statement from MC Algiers, the meeting focused on the club’s status and future. Hachichi rejected Haj Rjem’s resignation and urged him to continue with the…
Resumption of Registration for AADL 3 Program Immediately After Reviewing All Subscription Applications
Algiers – The Ministry of Housing, Urban Planning, and the City announced on Friday that the registration process for the third phase of the Rent-to-Own housing program (AADL 3) will resume immediately after all subscription applications have been reviewed. The statement clarified that the suspension of the…
Record Peak in Electricity Consumption
Sonelgaz Group announced a new record peak in electricity demand was reached today, Wednesday. According to a statement from the group, due to the ongoing intense heatwave affecting many regions across the country, Sonelgaz – Electricity Transmission and System Operator has recorded new peak demand levels for the…
Strengthening the Partnership Between Sonelgaz and Mexican Investors
Sonelgaz CEO Mourad Adjal received the Ambassador of the United Mexican States in Algeria, José Ignacio Madrazo Bolivar. According to a statement from the group, the two parties discussed ways to support and strengthen the economic partnership between Sonelgaz and Mexican economic operators during the meeting. Adjal…
“AADL 3”: Over 1.257 Million Registrants on Digital Platform
Algiers – The number of registrants on the digital platform for the 2024 rent-to-own housing program (AADL 3) has reached 1,257,507 across the entire country, as announced by the Ministry of Housing, Urban Planning, and the City on Friday. The statement from the ministry detailed that the registration platform for the…
Minister of Labor: We Are Working on Arrangements to Support Purchasing Power
Minister of Labor, Employment, and Social Security, Faisal Ben Taleb, revealed that the government aims to expand social coverage to include the largest number of citizens. In his speech during an information day on the sector’s achievements and international awards in the field of digitization, held today, Thursday…
Partnership Agreement Between the Algerian Olympic Committee and Air Algérie
Today, the Minister of Youth and Sports, Abdel Rahman Hammad, along with the Minister of Transport, Mohamed Habib Zahana, oversaw the signing of a partnership agreement between the Algerian Olympic and Sports Committee, represented by Secretary General Khireddine Barbari, and the CEO of Air Algérie, Hamza Ben Hamouda…
LNG: Algeria Ranks Seventh Globally in Production Capacity
Algiers – Algeria has secured the seventh position globally in terms of liquefied natural gas (LNG) production capacity, with an output of 25.5 million tons per year as of the end of February, making it the leading African nation in this ranking. According to a report by the International Gas Union (IGU), Algeria is…
