Global cocoa prices plummeted by about 10% on Wednesday, reaching their lowest levels in two and a half years, amid reports of unsold stockpiles in Côte d'Ivoire, the world's largest cocoa producer. According to Reuters, traders indicated rumors that cocoa warehouses in Côte d'Ivoire are filled with beans, with long lines of trucks unable to unload due to the slow pace of exports for the essential chocolate ingredient. One trader stated that buyers from the industry 'are gradually returning to the market, but they cannot provide enough support for prices.' Read the full content on الشروق أونلاين.
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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