As months and years passed, it became clear that Algeria is actually reaping the fruits of the hydrocarbons law of 2019, which raised the ire of many at the time, especially since its discussion took place during the height of the popular movement and protests. It has been established that the new legislative text is motivating and attractive to foreign energy companies, many of which are classified as 'giants', and it allows for new partnerships either through tenders or bilateral contracts, in addition to protecting national resources through the right of preemption. In this context, the National Agency for the Valorization of Hydrocarbon Resources (ALNFT) announced on Tuesday, in a statement seen by 'Echorouk', the granting of an exploration license to 'British Petroleum' (BP) in Algeria in the eastern basin.
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.
News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.