Economy

Algeria’s exports to the US face a blow with a tariff hike to 30%, impacting its foreign exchange earnings and trade balance.

Islamic finance in Algeria hits 900B DZD in deposits, with sovereign sukuk launching in 2025.

Algeria launches its first AI-dedicated data center in Oran to enhance AI capabilities and contribute 7% to the country's GDP by 2027.

Algeria remained Europe’s second-largest gas supplier in February, exporting 92.6 million cubic meters daily, mainly to Italy and Spain.

President Tebboune bans marble imports, aiming to stimulate local industry and boost Algeria's economic growth.

Algeria announces new regulations to cap foreign currency exports at €7,500, aiming to boost transparency and curb informal markets.

Algeria cuts its cosmetics import bill from $500M to $58M in 2024, with local production meeting 70% of domestic demand.

Merging Algeria's state banks can boost efficiency, tackle bad loans, and strengthen the sector for long-term growth and stability.