
Decline in Dollar Prices Amid Uncertainty Over US Monetary Policy Directions
AL24 News - Decline in Dollar Prices Amid Uncertainty Over US Monetary Policy Directions - news
Latest updates from the Algerian business ecosystem

AL24 News - Decline in Dollar Prices Amid Uncertainty Over US Monetary Policy Directions - news

The IMF has raised its growth forecasts for the economies of Sub-Saharan African countries to 4.5 percent for the years 2026 and 2027, up from 4.3 percent in its previous estimates. The fund explained in its report on 'Regional Economic Outlook Updates' for Africa in October 2026 that the increase in growth forecasts reflects the region's economies' ability to adapt to global supply chain disruptions and local economic reforms. Despite the improved growth forecasts, the report noted disparities in economic performance among countries in the region, with resource-rich economies continuing to show some resilience, while countries less dependent on natural resources face a slowdown in the pace of economic activity.

Oum El Bouaghi - The Minister of Housing, Urban Planning and the City, Mohamed Tariq Belaribi, confirmed today, Monday in Oum El Bouaghi, that 'all requests for the housing program under the lease-to-own scheme (ADL 3) will be handled in this wilaya within the next 24 months.'

The national competition for the best smart tourism innovation (IA Tour Algérie 2026) resulted in 11 projects winning, according to a statement from the Ministry of Tourism and Handicrafts, today Friday.

The Minister of Foreign Trade and Export Promotion, Kamel Rezig, discussed with the Ambassador of the Sultanate of Oman to Algeria, Saif bin Nasser bin Rashid Al-Badawi, and the Chairman of the Board of Directors of the Suhail Bahwan Group, Saad Suhail Bahwan, opportunities to expand trade exchanges and enhance economic partnerships between the two countries, focusing on the role of economic operators in promoting bilateral cooperation and opening new horizons for investment. The meeting took place on Thursday in Algiers, as part of efforts to develop trade and economic relations between Algeria and the Sultanate of Oman, according to a statement from the Ministry of Foreign Trade and Export Promotion. Watch the full content on Echourouk Online.

The Minister of Foreign Trade and Export Promotion, Kamal Rziq, along with ministry officials, listened to a presentation on the digital system dedicated to managing administrative correspondence, yesterday Thursday at the ministry. The presentation covered various stages of processing correspondence, starting from its registration and referral to the relevant departments, up to monitoring its processing, ensuring tracking of its path and improving coordination between the various departments of the ministry. On this occasion, the minister confirmed...

U.S. crude oil and distillate inventories fell last week, while gasoline stocks rose. The U.S. Energy Information Administration reported Thursday that crude oil inventories fell by 8.6 million barrels to 415.6 million barrels for the week ending October 9, adding that crude oil inventories at the Cushing distribution hub in Oklahoma rose by 1.9 million barrels during the week.

The General Directorate of National Properties expects to collect revenues amounting to 126 billion dinars during the year 2027, as part of the draft finance law for the upcoming year, which includes 29 proposed measures in the field of national properties, alongside tax measures aimed at encouraging productive investment, expanding the state's financial resources, and preserving purchasing power. This came during the continuation of the Finance and Budget Committee of the National People's Assembly, on Thursday, studying the draft finance law 2027, by listening to officials from the General Directorate of National Properties and the General Directorate of Taxes regarding the proposed measures in the fields of national properties and taxation, according to a statement from the council. Watch the full content on الشروق...

Algeria and South Africa discussed expanding investments and partnerships in the oil and gas industry, including exploration, production, refining, petrochemicals, and gas marketing, as well as developing infrastructure and technology transfer, inviting South African companies to explore available investment opportunities in Algeria and participate in the Algerian bidding round for 2026. This came during talks held by the Minister of State, Minister of Hydrocarbons, Mohamed Arkab, on Thursday in Algiers, with the Minister of International Relations and Cooperation of South Africa, Ronald Lamola, who is on a working visit to Algeria, in the presence of the ambassadors of both countries and several officials from both sides.

The Ministries of National Solidarity and Family and Women's Affairs, and Agriculture and Rural Development and Fisheries have signed a cooperation agreement to expand training and technical and social support opportunities for rural women, helping them to develop their productive projects in promising agricultural sectors, thereby enhancing their economic empowerment and supporting their contribution to wealth creation and job creation. The agreement was signed on Thursday, on the occasion of the International Day of Rural Women, and aims to coordinate efforts between community solidarity cells and agricultural guidance cells affiliated with the National Institute of Agricultural Guidance, in order to organize awareness campaigns and training courses for rural women, covering a number of agricultural activities, such as planting...

The Algerian Agency for Investment Promotion discussed with officials from South Africa ways to enhance economic and investment cooperation between the two countries, through developing partnerships and exploring opportunities to establish joint investment projects in various sectors, alongside exchanging experiences in the field of investment promotion. This came during a meeting held on Thursday in Algiers, between the Director General of the Algerian Agency for Investment Promotion, Omar Rakach, and the Director General of Bilateral Economic Relations with Africa at the Ministry of Trade, Industry and Competition of the Republic of South Africa, Zanele Sani, who is visiting Algeria as part of the ministerial meeting dedicated to following up on the outcomes of the seventh session of the High Joint Committee for Cooperation.

The closing of the Fourth International Salon for Agricultural Investment and Technology, inaugurated today Thursday, witnessed the honoring of the winners of the 'Nawa' challenge. The award pertains to the 'National Challenge' initiative dedicated to agricultural project holders. Project holders were given the opportunity to present their projects and showcase their ideas and proposals. The winners were selected to benefit from the necessary support and guidance to realize their projects.
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