Last week witnessed a dramatic shift in the global economic landscape, as 9 major companies in the United States declared bankruptcy within just seven days. This acceleration raised the average number of bankruptcies over the past three weeks to 6 cases per week, the highest rate recorded since the peak of the Corona pandemic in 2020. By: Majid Sakhri Numbers Sound the Alarm Recent financial data indicates that at least 18 major companies, each with debts exceeding 50 million dollars, have filed for bankruptcy protection in the past 21 days. Historically, markets have only seen this rate during three pivotal periods of this century: The recession of ...
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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