2027 budget: revenue and purchasing power take centre stage
Addressing the National People’s Assembly on 5 November, Finance Minister Mohamed Lamine Lebbou defended a finance bill intended to diversify revenue and bring informal funds into the formal economy. Radio Algérienne reports that he stressed support for production outside the hydrocarbon sector and continued assistance for essential goods and services. He said the move to targeted support depended on completing digitalisation. These are the government’s stated aims for the draft 2027 budget, not measures already passed by parliament.
Source: Radio Algérienne
Rules set out banks’ role in gold transactions
According to TSA, Bank of Algeria regulation 26-04, published in the Official Journal on 4 November, sets a framework for gold transactions by banks and financial institutions. It covers buying and selling, custody, gold accounts and financing secured by gold. It also requires checks on quality, purity, origin and traceability. The existence of this regulatory framework does not mean that all these services are already available to customers at bank branches.
Source: TSA
Oil: Brent at $98.69 on Friday morning
Radio Algérienne reports that January-delivery Brent traded at $98.69 a barrel on the morning of 6 November, while December-delivery WTI reached $90.99. Traders remained focused on geopolitical developments in the Middle East. These figures are a Friday-morning market snapshot, not closing prices.
Source: Radio Algérienne
University programme named after Noureddine Melikechi
Following a conversation with the Algerian physicist on 6 November, TSA reports that the University of Massachusetts has created a programme bearing Noureddine Melikechi’s name. Linked to the Kennedy College of Sciences, it is intended to fund innovative faculty projects in research and education. The newspaper reports initial funding of $2.5 million. The honour connects the researcher’s name with support for scientific and teaching initiatives at the institution.
Source: TSA
El Menfi recalls the experience of Algerian deportees
Presented at the Algiers International Book Fair, which runs until 7 November, Meriem Guemache’s novel El Menfi revisits the deportation of Algerians to New Caledonia in the nineteenth century. Published by Casbah Editions, it follows Slimane, a fictional character facing exile and penal servitude. In her interview with TSA, Guemache describes the documentary research behind the story and her wish to pass on this memory. The book is historical fiction, not the biography of an identified deportee.
Source: TSA
Imane Khelif announces professional debut in Paris
Imane Khelif has announced her first professional bout for 15 December in Paris, in an interview with Iconic reported by TSA. The newspaper says she is due to face Dutch boxer Clarida Sarabia at the Palais de la Mutualité. The Algerian Olympic champion says she is adapting her preparation to the demands of professional boxing. This is an announced fixture; the fight has not yet taken place.
Source: TSA