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Algeria News Gate


Dec 22, 20241 min read
Sonatrach Announces National Recruitment Competition Exam Dates and Locations
Sonatrach begins sending summons for its national recruitment exam, set from Dec 29 to Jan 4, 2025, in 10 Algerian provinces.


Dec 16, 20241 min read
Oil Prices Edge Higher Amid Supply Concerns and Sanctions on Iran and Russia
Oil prices rise as sanctions on Iran and Russia fuel supply concerns. Brent hits $73.47, WTI climbs to $70.11 per barrel.


Dec 12, 20241 min read
Bank ABC Algeria Expands Islamic Banking Offerings with New Financing Products
Samir Rezzak, Director of Islamic Banking at Bank ABC Algeria, has announced the development of new financing products, supported by the...


Dec 12, 20242 min read
Fiat Tafraoui Plant in Oran Produces Over 18,000 Vehicles in First Year
The Fiat plant located in Tafraoui, Oran, has achieved a major milestone by producing over 18,000 vehicles since its launch as of...


Dec 11, 20241 min read
Sonatrach Launches Ambitious Project to Plant 420 Million Trees
In a groundbreaking initiative, Algeria’s energy giant Sonatrach has partnered with the Directorate-General of Forests to embark on an...


Dec 10, 20242 min read
Algeria Plans to Restructure Saidal Group to Boost Medicine Production and Self-Sufficiency
ALGIERS – The Minister of Industry, Mr. Sifi Gharib, along with the Minister Delegate in charge of Pharmaceutical Production, Mr. Fouad...


Dec 10, 20241 min read
Algérie Télécom Wins the "Quality Choice 2024 Diamond Award" for Innovation and Service Quality
Algérie Télécom has received the prestigious "Quality Choice 2024 Diamond Award" , an international recognition celebrating innovation...

Dec 10, 20242 min read
Zara Stores Close in Algeria: What You Need to Know
Zara ready-to-wear stores have closed in several Algerian towns, sparking widespread discussion on social media. Numerous videos are...


Dec 9, 20241 min read
Sonelgaz CEO Mourad Ajal Meets World Bank Vice President to Discuss Strengthening Cooperation
Sonelgaz CEO Mourad Ajal met with Ousmane Dion, Vice President of the World Bank for the Middle East and North Africa, on Sunday to...

Dec 6, 20242 min read
BDL to Float 30% Stake on Algiers Stock Exchange
The “Conseil des Participations de l’Etat” (CPE) has approved a 30% partial opening of the capital of Banque de Développement Local...

Dec 6, 20242 min read
Belgian Construction Giant Etex Eyes Investment in Algeria’s Mining Sector
Algiers, Algeria – Belgian multinational Etex, a global leader in construction materials and mining resource exploitation, has expressed...


Dec 2, 20242 min read
Algeria’s Sonatrach Reassures Global Markets After Gas Complex Fire
In the wake of a fire that disrupted operations at the Alrar gas processing complex in Algeria's southeast, Sonatrach, the country's...

Nov 29, 20242 min read
Sonatrach Cancels Samsung Engineering Contract for Hassi Messaoud Refinery, Sinopec Steps In
Sonatrach Replaces Samsung Engineering in $4 Billion Hassi Messaoud Refinery Project On Thursday, November 28, Samsung Engineering...


Nov 28, 20242 min read
Tosyali Algérie Secures Approval for 15 Billion Dinar Bond Issue to Fund Steel Complex
The Commission d’Organisation et de Surveillance des Opérations de Bourse (Cosob) has approved a bond issue by Tosyali Algérie, valued at...


Nov 25, 20242 min read
How Turkey Became Algeria’s Top Investor: The Billion-Dollar Story
Turkey has emerged as Algeria’s leading foreign investor in non-hydrocarbon sectors, with trade between the two nations amounting to...


Nov 25, 20242 min read
Moustachir Goes Public: Launching IPO at 760 DZD Per Share on Algiers Stock Exchange
In a significant milestone for Algeria's financial market, Moustachir , an electronic consulting platform, has officially become the...


Nov 24, 20242 min read
COSOB Approves 2 Billion DZD Bond Issuance by Maghreb Leasing Algérie
The Commission d’Organisation et de Surveillance des Opérations de Bourse ( COSOB ), Algeria’s Financial Market Authority, has granted...


Nov 23, 20243 min read
Bank of Algeria Introduces New Framework for Digital Banking Operations
Key Points: • Foreign Participation Restricted: No foreign bank branches or 100% foreign-owned digital subsidiaries allowed in Algeria....


Nov 21, 20242 min read
Euro and Dollar Skyrocket on Algeria’s Black Market Amid Soaring Demand!
Algiers, Algeria – The euro and the US dollar continue to rise sharply against the Algerian dinar on Algeria's black currency market,...


Nov 15, 20242 min read
Fiat 500 Demand Soars, Forcing Stellantis to Halt Orders in Algeria
The Fiat 500 has become a significant success story in Algeria. Less than two years after its introduction to the Algerian market in...
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