The government has officially marked the exit of a new French company from the Algerian market through a presidential decree, this time concerning the energy giant 'Engie', whose shares in the Tawaat gas field in Adrar have officially been acquired by a Thai company and the Italian Eni. In this context, a presidential decree dated February 17, 2026, published in the latest issue of the official gazette, states that annex number 5 of the contract dated July 10, 2002, for the exploration, estimation, and exploitation of hydrocarbons in the area called Tawaat (blocks 352A and 353) concluded in Algeria on November 10, 2025, between the national company SONATRACH and 'E O Algeria Tawaat B.V.' has been approved. As is known, the Tawaat gas field was managed by SONATRACH...
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.
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.
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