The volume of Islamic financing injected by the Algerian Bank 'Al Baraka' into the national economy during 2025 exceeded 200 billion dinars, which is more than 20 thousand billion centimes, confirming the growing role of Islamic banking in supporting investment and stimulating the economic cycle, alongside a remarkable leap in the bank's net results exceeding 50 percent compared to 2024. This financial data was revealed by the General Manager of 'Al Baraka Algeria' Bank, Othmani Marabout, during the inauguration of a new branch of 'Al Baraka' Bank in the business district of Bab El Oued in the capital. The head of this bank specialized in Islamic financing emphasized, in response to a question from 'Echorouk', that these results reflect...
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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