Latest updates from the Algerian business ecosystem
Algeria - The International Monetary Fund highlighted the progress Algeria is making in its economic diversification path, with 'encouraging' indicators recorded in this area, praising the national strategy based on major investment projects, and promoting production, export, and investment in various sectors outside hydrocarbons.
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Algeria - The SONATRACH group, along with the International Bank for Reconstruction and Development and the International Finance Corporation, members of the World Bank Group, signed a memorandum of understanding today, Tuesday, in Algiers, aimed primarily at developing cooperation and partnership opportunities in the field of reducing gas flaring, methane emissions, and developing green hydrogen and its derivatives.
aps.dzParticipants in the first seminar 'Algeria-Korea.. Strategy for the Future' highlighted today in Algiers the importance of elevating the strategic partnership between the two countries to a level of practical and sustainable cooperation, by expanding areas of collaboration in energy, industry, and technology, and developing joint investment.
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Algeria - Industry Minister, Fred Kourtel, received today, Tuesday, in Algiers, the President of the Algerian Economic Renewal Council, Kamal Moulai, who was accompanied by a delegation from the council, according to a statement from the ministry.
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Participants in the first seminar 'Algeria-Korea... Strategy for the Future' held on Tuesday, November 3, in Algiers, highlighted the importance of elevating the strategic partnership between the two countries to a level of practical and sustainable cooperation by expanding areas of collaboration. According to the Algerian News Agency, the Minister of Postal Services and Telecommunications, Sid Ali Zerouki, emphasized the importance of Algerian-Korean cooperation in the field of cybersecurity, noting that the cooperation between the two countries has achieved tangible results, the most notable of which is the establishment of the sectoral center for vigilance, detection, and response to cybersecurity incidents, alongside organizing specialized forums in cybersecurity in partnership with the Korean agency for...
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Oran - The maritime station of the Port of Oran has been reinforced with a new service station, as learned today, Tuesday, from the port authority.
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Algeria - Finance Minister Mohamed Lamine Lboud, today Tuesday in Algiers, emphasized the necessity of integrating climate financing into various financial tools of the state, allowing for the allocation of resources towards national climate priorities while maintaining the sustainability of public finances and the competitiveness of economic institutions.
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Tissemsilt - The Minister of Agriculture, Rural Development and Fisheries, Sid Ali Khaldi, praised today in Tissemsilt the enhancement of the province's grain storage capabilities, through the inauguration of new facilities and the launch of strategic projects, which will expand storage capacities and bring collection structures closer to farmers.
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Algeria - The Air Algérie group announced today, Tuesday, in a statement, the launch of a new air route connecting Algiers to Athens (Greece), starting from December 24, with an initial frequency of one flight per week, increasing to two flights per week starting March 2027, according to a statement from the group.
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The value of social transfers included in the draft finance law for the year 2027 is estimated at about 33 billion dollars, of which nearly 20 billion dollars is directed towards direct support for individuals, according to what was revealed by the economics professor at the University of Algiers, Houari Tigresi, who called for a gradual transition towards a 'targeted support' system relying on a digital system that allows for the identification of actual beneficiaries and reducing the size of the parallel economy. Tigresi explained, during his appearance on Tuesday in the 'Guest of the Morning' program on the first radio channel, that reforming the support system requires developing integrated digital mechanisms that ensure the targeting of social transfers to those entitled to them, and enhance transparency in the distribution of public resources, while maintaining the ability to...
echoroukonline.com
Algeria - Energy and Renewable Energies Minister Mourad Adjall received the Minister of Foreign Affairs of the Kingdom of the Netherlands, Tom Brandson, where the two sides discussed enhancing cooperation and partnership relations between the two countries in the field of energy, expanding its areas, particularly in the fields of electricity and new and renewable energies, and green hydrogen, according to a statement issued by the ministry today, Tuesday.
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Algeria - The Prime Minister, Mr. Saifi Gharib, emphasized today, Tuesday in Algiers, that building a national climate finance system requires the concerted efforts of various sectors and economic and financial institutions, along with universities, research centers, and international expertise, which necessitates establishing an effective coordination mechanism to ensure the coherence of related public policies.
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