
Algeria benefits from the first climate project
Funded by the Green Climate Fund.

On Tuesday, the Commission for the Regulation and Monitoring of Stock Operations 'COSOB' granted its approval for the information memorandum regarding the increase of the capital of the public economic institution 'EPE CRAPC EXPERTISE SPA' by 15%, through a public savings offering by issuing 39,000 new shares on the Algerian Stock Exchange, which will be listed in the growth section of the capital market. According to a statement from the commission, the total value of the issuance is 62,400,000 Algerian Dinars, with the price of each share set at 1,600 Algerian Dinars, and a specified maturity date of January 1, 2026. The shares will be issued in the form of bearer shares, non-material, and registered in accounts with authorized account keepers and bond custodians.

Funded by the Green Climate Fund.

A British company has launched marine inspection and monitoring operations for the gas pipeline 'Transmed', known as 'Enrico Mattei', linking Algeria and Italy across the Mediterranean Sea via Tunisia, to verify the condition of the underwater pipes, their safety, and protection status, in operations continuing until December 15. According to local media reports from the Italian island of Sicily, the inspections began on Tuesday, October 27, in the waters off the Capo Feto area, in the city of Mazara del Vallo on the Italian island of Sicily, and include examining the seabed and the underwater pipes extending in the area, under a decision issued by the Mazara del Vallo port authority, which specifies the conditions for carrying out the works.

Bank localization and commercial registration are among the information required from operators. Pre-determining needs to specify imported quantities and improve supply planning. View the full content on Echourouk Online.
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