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Algeria News Gate


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...
Dec 2, 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 29, 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 28, 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 25, 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 24, 20242 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 23, 20243 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 21, 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...
Nov 15, 20242 min read


New Strategy to Enhance Algerian Dinar Exchange Rate Unveiled by Finance Minister
The Minister of Finance, Mr. Laaziz Faid, announced in Algiers on Wednesday that a comprehensive new strategy is under consideration to...
Nov 7, 20241 min read


Algeria's Maritime Makeover: Transport Minister Unveils Bold Plan to Revamp National Fleet and Compete Globally!
The Minister of Transport, Mohamed El-Habib Zahana, emphasized the necessity of establishing a favorable environment for Algeria's...
Oct 30, 20242 min read


Algeria and Qatar Strengthen Economic Ties: Algerian-Qatari Business Forum and Product Exhibition Opens in Doha
In Doha, the Algerian Minister of Trade and the Promotion of Exports, Tayeb Zitouni, led the opening of the Algerian-Qatari business...
Oct 24, 20241 min read


Stellantis’ Fiat Plant in Oran Marks Major Production Milestone
The Stellantis group's Fiat plant in Oran, Algeria, continues to make impressive strides, achieving a notable daily output of 350...
Oct 8, 20241 min read


Algeria, Niger and Nigeria: The trans-Saharan gas pipeline project - what's next?
ALGIERS - The Minister of Energy and Mines, Mohamed Arkab, disclosed on Sunday in Algiers an upcoming meeting between the Energy...
Sep 30, 20242 min read


Algiers Stock Exchange: a new broker approved by Cosob
ALGIERS - In a press release issued on Wednesday, the Commission for the Organization and Supervision of Stock Exchange Operations...
Sep 26, 20241 min read


Sonelgaz: first export operation of the locally manufactured electric vehicles charging stations
Sonelgaz exports locally made EV charging stations, marking a milestone in Algeria's green tech and energy innovation.
Sep 2, 20241 min read


Sonelgaz discusses ways of expanding partnership with South Korean company BHI
ALGIERS - The Sonelgaz Group and the South Korean company ‘ BHI ’ have held discussions on ways to strengthen and expand the partnership...
Aug 22, 20241 min read


Al Baraka Bank and Al Salam Bank leading the Islamic Finance Market in Algeria
Over the past four years, there has been a growing trend among banks to offer Islamic finance products as a way to attract excess...
Aug 20, 20243 min read


Historic Achievement: Tosyali Algerie Makes First Steel Plate Export from Algeria
Tosyali Algeria started producing steel plates in May 2024, and by August of the same year, they successfully shipped 25,000 tons of...
Aug 19, 20241 min read


Transfer of assets seized from oligarchs: Cement warehouses handed over to Béjaïa's port Authority
The State-owned Port Authority of Béjaïa (EPB) has just acquired a cement storage and packaging unit in the port of Béjaïa, as part of...
Aug 19, 20242 min read
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