The Treasury announced the official launch of the subscription process for the sovereign bonds 'Ijara - Right of Use', starting from Tuesday, highlighting that this process is part of a vision aimed at diversifying the state's funding sources and mobilizing national savings. A statement from the Treasury clarified that this process is a 'significant milestone in the development of the national financial market and the enhancement of the Islamic financial system in Algeria', as it falls within a vision aimed at 'diversifying the state's funding sources, mobilizing national savings, and providing financial instruments compliant with the principles of Islamic finance, as a complementary mechanism to existing financing means.' Mezari to 'Echorouk': The new papers are compliant with Sharia and an effective alternative to traditional borrowing...
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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