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Strategic Partnership Agreement Between SAMHA and Haier
Today, SAMHA, a subsidiary of the Cevital Group, signed a strategic partnership agreement with the globally renowned Chinese company Haier, which specializes in home appliances. The agreement aims to transform the home appliance sector in Algeria, as well as in the Middle East, Africa, and other international markets…
Housing: Launch of the Online Registration Platform for “AADL 3” Program
Algiers – The General Directorate of the National Agency for Housing Improvement and Development “AADL” launched the digital platform for the 2024 rental-purchase program “AADL 3” on Thursday in Algiers. Registration on this platform will commence on Friday at 9 PM. This platform, accessible via a website and an…
Egyptian Investments in Algeria Set to Increase
The Minister Plenipotentiary and Head of the Commercial Office at the Egyptian Embassy in Algeria, Yasser Qarni, revealed on Wednesday that many Egyptian companies are aiming to invest in Algeria by opening factories. He highlighted the recent increase in trade exchanges between the two countries. During a…
Hashishi Urges Sonatrach Executives to Join the “Preventive Battle”
Rachid Hashishi, the President and General Manager of Sonatrach, oversaw the opening of an awareness meeting on Monday about the “Cyber Risks and Threats” targeting institutions. In his address, Hashishi emphasized that Sonatrach must now, more than ever, take the necessary measures to protect its facilities and…
Algeria Poised to Attract Significant Foreign Investments
Participants in the “International Economic Forum for Strategic Partnerships,” held in Algiers on Saturday, emphasized that the advantages Algeria offers to investors, thanks to recent economic reforms, make it well-positioned to attract significant foreign investments. Speakers at the forum, organized by the Algerian…
Rising Oil Prices
Oil prices rose in early Asian trading on Friday, heading for gains for the third consecutive week despite concerns about global supply disruptions. Brent crude futures for August delivery, expiring today, increased by 15 cents, or 0.2%, to $86.54 per barrel. The Brent contract for September rose 0.2% to $85.44 per…
Algerian Customs Delegation Participates in World Customs Organization Council Meeting in Brussels
Algiers – Starting today, Thursday, an Algerian customs delegation is participating in the 143rd and 144th sessions of the Customs Cooperation Council of the World Customs Organization (WCO), being held in Brussels, Belgium, according to a statement from the General Directorate of Customs. The statement noted, “In the…
Canadian Delegation Visits Algerian Economic Renewal Council
A Canadian delegation comprising several business leaders visited the headquarters of the Algerian Economic Renewal Council. Led by the Canadian Ambassador to Algeria, Michael R. Callan, the delegation’s visit on Tuesday coincided with their participation in the 55th International Algiers Fair, held from June 24 to 29…
Memorandum of Understanding Between the Algerian Petroleum Institute and Total Energies
The Algerian Petroleum Institute, part of the Sonatrach Group, signed a three-year Memorandum of Understanding with Total Energies Exploration & Production Algeria. According to a statement by Sonatrach, the memorandum, signed at the headquarters of the Algerian Petroleum Institute in Boumerdès, aims to support and…
Five New Areas of Cooperation Between Algeria and Turkey
Minister of Trade and Export Promotion, Tayeb Zitouni, emphasized Algeria‘s eagerness to deepen and expand its partnership with Turkey, particularly in promising productive sectors. In his speech at the opening of the Algerian-Turkish Businessmen Forum on Monday, Zitouni outlined five new areas of cooperation…
Cooperation Agreement to Enhance Economic Operators’ Knowledge
Today, Sunday, Minister of Trade and Export Promotion Tayeb Zitouni, alongside Minister of Foreign Affairs and National Community Abroad Ahmed Attaf, oversaw the signing of a framework agreement between the Algerian Chamber of Commerce and Industry and the Diplomatic Institute for International Relations. The…
Soukrel Implements Special Program for Eid al-Adha
The National Company for the Operation and Management of Land Passenger Transport Stations, “Soukrel,” has developed a special program for Eid al-Adha, including the scheduling of 4,800 long-distance trips across various land stations, according to a company statement. The statement detailed that Soukrel has set up an…
Oil prices rise
Oil prices rose on Wednesday, supported by upbeat demand forecasts from the U.S. Energy Information Administration (EIA) and OPEC, and data showing U.S. crude inventories fell more than expected last week. EIA raised its forecast for global oil demand growth in 2024 to 1.10 million barrels per day (bpd) from its…
Minister of Finance Highlights Customs’ Role in Implementing National Economic Policy
Finance Minister Laaziz Faid emphasized that the Customs Authority is pivotal in implementing the country’s economic policy by facilitating trade exchanges and enhancing methods to combat fraud and smuggling. During his oversight of the National Meeting “Customs-Justice,” Faid stated that the Algerian Customs…
Minister of Industry Highlights Algeria’s Incentives for Investors from Russia
Minister of Industry and Pharmaceutical Production, Ali Aoun, participated on the sidelines of the St. Petersburg International Economic Forum, in an Algerian-Russian working session. He highlighted the various facilities that Algeria provides to both national and foreign investors to implement their projects in all…
The National Economic, Social, and Environmental Council to Soon Present an Environmental Report to the President
Algiers – The President of the National Economic, Social, and Environmental Council, Rabia Kherfi, announced on Wednesday in Algiers that the council will soon present a new report dedicated to the environment in Algeria to President Abdelmadjid Tebboune. Kherfi made this statement on the sidelines of a national…
Sonatrach Participates in Baku Energy Week
Sonatrach is participating with a high-level delegation in the “Baku Energy Week 2024” event, held in Baku, the capital of the Republic of Azerbaijan, from June 4 to 6, 2024. According to a statement from Sonatrach, the forum is one of the most prominent annual events in the energy industry, serving as a platform that…
Revamping Ports: Algeria’s Path to a New Economy
Algeria is experiencing a significant shift in the development of its transport and logistics systems, with a particular focus on maritime transport. The country’s leadership views it as a crucial driver for diversifying the national economy and boosting non-hydrocarbon exports. This strategy was emphasized by…
Launch of Harvest and Threshing Campaign in Northern States
Today, Tuesday, the Minister of Agriculture and Rural Development, Youssef Sharfa, commenced a working visit to the state of Bouira, where he will officially launch the 2023/2024 harvest and threshing campaign in the northern states of the country. The ministry’s statement explained that the minister will lay the…
Opening Opportunities for Startups to Benefit from Public Projects
During a Cabinet meeting today, President Abdelmadjid Tebboune directed the government to create more opportunities for startups to benefit from public projects and to combat outdated practices aimed at discouraging successful young entrepreneurs. A statement issued after the meeting highlighted President Tebboune‘s…
