Algeria has strengthened its economic ties with the Republic of Indonesia through a series of meetings and agreements, today Tuesday, covering the hydrocarbons and mining sectors, in addition to phosphate and fertilizer production. The relevant ministry stated in a press release that the signing took place during the reception of a high-level Indonesian delegation led by Indonesian Deputy Minister of Agriculture Sudariono by the Minister of State, Minister of Hydrocarbons and Mining, Mohamed Arkab, and the signing ceremony of a memorandum of understanding between the Algerian phosphate mining company 'Somifos', a subsidiary of SONARAM, and 'Pobok Indonesia', in the presence of the Secretary of State in charge of mining Karima Bekir Tafer, the Indonesian ambassador to Algeria, and the CEO of SONARAM Redha Belhaj.
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.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
Algeria - The SONATRACH group reported in a statement on Sunday that the agreements signed in Berlin with the companies Bosch and Siemens Energy, on the sidelines of the official visit by the President of the Republic, Mr. Abdelmadjid Tebboune, to Germany, will enhance cooperation between the two countries in the field of energy transition.
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