AGP Executive Report
Last update: an hour agoTrade & Food Supply: Algeria is reported to have bought 660,000–720,000 tonnes of milling wheat at $326–$326.50 a tonne, with shipments due in December. Economic Policy: At a meeting with business leaders, President Abdelmadjid Tebboune called for a more competitive economy and praised investment gains following legal reforms, as Algeria seeks to diversify beyond hydrocarbons. Import Controls: A new permanent committee will review import applications and fast-track priority goods needed to supply markets and keep factories running. Industry: Construction of a 54-billion-dinar tire plant in Oran is 45% complete; the facility is planned to produce up to 22 million tires annually, mostly for export. Regional Business: Algeria and Senegal signed 15 cooperation agreements, while Sonelgaz says it wants to open regional energy markets to Algerian companies.
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