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Financials and Investment News in Algeria

Algeria Bank Credits to Economy Increase in 2018’s First Half
10/8/2018 - Bank credits to the economy recorded an increase in the first six months of 2018, where more than half were granted to the private sector, said the Bank of Algeria.
Trade Deficit Down By Nearly 57% Over First 9 Months of 2018
10/28/2018 - Algeria’s trade deficit reached USD3.691 billion over the first nine months of 2018 against USD8.527 billion during the same period in 2017, down by 56.71%, said the Algerian Customs.
Algeria-Italy: Economic Relations Called to Be Further Diversified
11/4/2018 - The economic relations between Algeria and Italy are experiencing an increased momentum with an important trading volume, which requires increasing diversified partnerships in productive activities.
Algeria Expects FX Reserves to Rise -Central Bank Governor
11/16/2018 - Algeria’s foreign currency reserves will rise further as oil prices remain above the $50 per barrel mark planned in next year’s budget, its central bank governor said.

“Foreign reserves are ...
Algeria's Trade Deficit Down 58.65% in Jan-Oct 2018
11/25/2018 - Algeria’s trade deficit amounted to $4.11 billion over the first ten months of 2018, against a deficit of $9.95 billion in the same period of 2017, down by $5.83 billion, i.e. 58.65%, the Algerian Cus...
Algerian Experience in Sustainable Blue Economy Presented in Nairobi
11/27/2018 - Minister of Tourism and Craft Industry Abdelkader Benmessaoud presented in Nairobi, Kenya, Algeria's experience in sustainable blue economy and the major structuring projects Algeria has achieved to ...
Algerian, Gabonese Chambers of Commerce Ink Agreement
12/1/2018 - A partnership agreement has been signed in Libreville, Gabon, between Algerian and Gabonese chambers of trade and industry, aiming at boosting economic cooperation between the two countries.
Algeria-Gabon: Several Economic Partnership Agreements Signed in Libreville
12/2/2018 - Several agreements of memorandums of understanding were signed in Libreville to give a new impetus to the economic partnership and trading between Algeria and Gabon.
Algeria, Saudi Arabia Want to Strengthen Investments, Trade
12/3/2018 - Minister of Industry and Mining Youcef Yousfi and Saudi Minister of Commerce and Investment Majid ben Abdullah Al Qasabi affirmed , in Algiers, that Algeria and Saudi Arabia hope to strengthen partner...
Algerian-Saudi Arabia: Bilateral Meetings between Business Managers
12/3/2018 - Representatives of more than 100 Algerian companies and managers of 50 Saudi firms specialized in various economic fields examined, in bilateral meetings (B2B) in Algiers, on the sidelines of the work...
Algeria to Stop Importing Potato Seeds in 2021, Says Agriculture Minister
12/8/2018 - Minister of Agriculture, Rural Development and Fisheries Abdelkader Bouazghi said in Guelma that "Algeria will stop the import of potato seeds in 2021."
Djellab, Egyptian Counterpart Discuss Ways to Boost Economic Cooperation
12/13/2018 - Trade Minister, Said Djellab discussed with his Egyptian counterpart, Amr Nassar the means to enhance bilateral economic cooperation given the both countries’ industrial potential.
Algiers Hosts 5th Algeria-South Korea Business Forum Monday
12/13/2018 - The 5th Algeria-South Korea business forum will take place Monday in Algiers, in the presence of Premier Ahmed Ouyahia and his South Korean counterpart, Lee Nak-yon who is to start a three-day officia...
World Bank Raises Algeria’s Growth Forecasts For 2019-2020
1/9/2019 - The World Bank has raised its growth forecasts for the Algerian economy in 2019 and 2020, according to the updated forecasts of this international financial institution, published , in Washington.
Benmessaoud Underlines Importance of Tourism in Economic Development
1/9/2019 - Minister of Tourism and Craft Industry Abdelakder Benmessaoud called , in Algiers, all the sector’s players and partners to make further efforts to promote tourism activity so that it contributes to t...
Algeria, UAE to Sign Cooperation Agreement on Environment
1/12/2019 - ALGER- A cooperation agreement on the environment and renewable energies will be signed by Algeria and the United Arab Emirates (UAE) as part of the Abu Dhabi Sustainability Week (ADSW) started Saturd...
Substantial Decline of Trade Deficit in 2018
2/9/2019 - Algeria’s trade deficit stood at $5.03 billion in 2018, against $10.87 billion in 2017, down by 5.84 billion (-53.73%), Customs told APS.

In 2018, the exports jumped to $41.168 billion agains...
Djellab, Head of Mauritanian Trade Chamber Discuss Trading Development
2/25/2019 - Minister of Trade Said Djellab received , in Algiers, the head of the Mauritanian Chamber of Trade, Industry and Agriculture Ahmed Baba Ould Eleye, accompanied by a delegation of businessmen.
Algeria C. Bank Raises Reserves Requirements for Banks to 12 Pct
3/17/2019 - Algeria’s central bank has raised reserves requirements for banks to 12 percent from 8 percent, the state news agency APS reported . APS said the move followed an increase in liquidity in the market.
Foreign Trade Up By US$313 Million in Jan-Feb 2019
4/6/2019 - The trade balance increased by US$313 million in the first two months of the current year, compared to a trade deficit worth US$671 million in the same period in 2018, the General Customs Directorate ...

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