The Bank of Algeria imposes a ceiling of 50 percent... and immediate application without any transitional period. The aim is to enhance financial discipline and reduce the risks of off-balance-sheet commitments. The Bank of Algeria has imposed a new maximum limit for external commitments of banks, not exceeding 50 percent of their own funds, to be implemented starting May 1, 2026, requiring banks to apply it immediately without any transitional period. In this context, the Bank of Algeria issued a new instruction regarding the determination of the level of external commitments of banks and financial institutions, according to instruction No. 03-26 dated April 26, 2026, amending instruction No. 02-2015 dated July 22, 2015, signed by the Governor of the Bank of Algeria.
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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