Algeria’s 2026 Budget Plan: Spending Rises with Emphasis on Salaries, Subsidies, and Investment

Algeria’s draft finance law for 2026 marks a significant increase in public expenditure, with total spending projected to exceed 17.6 trillion dinars. This plan comes amid continued global economic uncertainty, weak international trade, and the...

Algeria Plans Major Military Budget Increase for 2026

Algeria is set to approve a substantial increase in defense spending for 2026, marking the largest allocation ever proposed for its armed forces. According to the draft finance law for the coming year, the national defense budget will exceed 3,205...

ČEZ will continue importing natural gas from Algeria

The largest Czech energy company, ČEZ, will continue importing natural gas from Algeria via the Trans-Mediterranean Pipeline, through Tunisia and Italy. More precisely, the company has extended its agreement with the major African energy firm, the...

Spain doubles imports from Morocco as trade ties deepen

HESPRESS English – Morocco News Economy Amira EL MASAITIThursday 16 October 2025 - 10:37 Spain’s imports from Morocco surged by 105 percent in July 2025, led mainly by agricultural products, reflecting the growing strength of economic ties between...

MSMEDA Injects EGP 4.9Bn To Finance 128,290 Small, Micro Projects In Border Governorates Over 11 Years

(MENAFN- Daily News Egypt) Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that between July 2014 and August 2025, the agency has allocated around EGP 4.9bn to finance 128,290 small and micro...

How Not to Trade with Occupying Powers: Western Sahara and the Amendment to the EU-Moroccan Association Agreements

On October 3 2025, the EU and Morocco concluded an amendment (‘the amendment’) to the EU-Mediterranean Agreement (‘the association agreement’). With the approval of the Council it is already being applied provisionally pending entry into force....

Egypt's MSMEDA injects $102mln to finance 128,290 small, micro projects in border governorates over 11 years

Egypt - Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that between July 2014 and August 2025, the agency has allocated around EGP 4.9bn to finance 128,290 small and micro projects in Egypt’s...

General Nasser Al-Jin’s Escape to Spain Sparks Algerian Media Frenzy

The alleged escape of one of Algeria’s most senior military commanders to Spain exposes deep fractures within the power structure that has governed Africa’s largest nation for decades. The Unraveling of Algeria’s Military Hierarchy General...

Six Moroccan banks rank among North Africa’s top 20 in 2025, confirming sector strength

Six Moroccan banks have been named among the 20 largest financial institutions in North Africa in 2025, according to the latest ranking by African Business. The country now shares the top spot for regional representation with Egypt, confirming its...

Moment Tim Hortons boss chases Algerian illegal migrant who snatched £65,000 Patek Philippe watch from his wrist as he walked through Mayfair

This is the moment an illegal Algerian migrant watch ripper targeted a Tim Hortons boss before his accomplice snatched his £65,000 Patek Philippe timepiece from his wrist on one of London's most exclusive streets. The Daily Mail can reveal CCTV of...

Saudi firm signs $5.4bn oil and gas contract in Algeria

Algeria's Sonatrach and Saudi Arabia-based Midad Energy have signed an exploration and production sharing agreement related to the Illizi South block Register for MEED’s 14-day trial access Algeria's national oil and gas company Sonatrach and...

USS Roosevelt Visits Algiers, Algeria, Highlighting Defense Cooperation and Partnership 

By U.S. 6th Fleet Public Affairs, Oct. 13, 2025 ALGIERS – USS Roosevelt (DDG 80) made a routine port visit in Algiers, Algeria on October 12, 2025. The port visit follows USS Forrest Sherman’s (DDG 98) port visit to Algiers in May 2025. Roosevelt...

List of top 20 biggest banks in Africa based on assets, capital, profits

Standard Bank Group retained its top position as Africa’s largest lender, while Equity Group is the biggest in the East African region Attijariwafa Bank posted a 26.6% increase in net profit in 2024, reaching $950 million and expanded across 13...

Kenya turns to the Bank of England for gold in a bid to protect its economy

Parts of the conversation the Kenyan government is having with the Bank of England concerning its plans to buy gold include bullion storage. Given the rapid rise in gold prices this year, Kenya has joined the list of countries looking to...

A DIY cultural renaissance

A generation creating outside the box: Algerian DJ FAËL performing in the dunes of the Taghit desert. (Photo: Edhir Baha) A new independent, youth-led movement is reshaping Algerian culture. Four young artists reflect on their experiences and...

Djuric, Algerian FM discuss bilateral relations, cooperation

KAMPALA - Serbian FM Marko Djuric met with Algerian FM Ahmed Attaf in Kampala on Wednesday on the sidelines of a ministerial meeting of the Coordinating Bureau of the Non-Aligned Movement. "Minister Djuric emphasised that Serbia and Algeria are...

Focus On: Intra-Africa Trade Fair 2025 Algiers

The Intra-Africa Trade Fair brought Africa together in Algiers — with leaders, investors, and innovators trading and showing the AfCFTA in action. Over 48 billion dollars in trade and investment deals were sealed, making this the biggest edition...

NEPC storms PH with AfCFTA’s GTI strategies, reveals products that trade fast in Africa

The Nigerian Export Promotion Council (NEPC) has moved to the south-south with strategies to mobilise the region for participation in the Guided Trade Initiative (GTI) of the African Continental Trade Agreement (AfCFTA). This is as the Council...

Algeria aims to reduce budget deficit by 35% in 2026, despite spending record

Algeria's budget bill shows that it plans to reduce the deficit to $40 billion or 12.4% GDP by 2026. This is despite adopting a record spending plan to support economic growth and boost household incomes. The 2026 budget package is expected to be...

Saudi Arabia's Midad Energy signs $5.4bn Algeria hydrocarbons deal

Algeria's Sonatrach and Saudi company Midad Energy North Africa have signed a production-sharing hydrocarbon contract for the exploration and exploitation of hydrocarbons on the contractual perimeter of Illizi South, located nearly 100 km south of...