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.
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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