The Governor of the Bank of Algeria, Mohamed Lamine Labo, announced the issuance of a new directive for banks within a week regarding the implementation of 'Know Your Customer' (KYC) standards, in order to adapt the national banking system to the transformations occurring in financing methods. According to Algerian television, Labo clarified during a dialogue session held today, Tuesday, April 28, as part of the second edition of the 'CEO Survey' at the International Conference Center 'Abdelatif Rahal' that this directive will be mandatory for all banks, taking into account the specificities of the activities of economic operators, who can, based on a simple declaration, disclose their future income and how it will be used 'without facing obstacles'.
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
The declaration of social insurance interests then disappearing in three months and returning at the beginning of July coincided with the period of processing import files, including workers, capacities, and demand size... All data became comparable. Sources from the foreign trade sector revealed striking numerical indicators that appeared during the analysis of data from some companies involved in import files, most notably the registration of workers with social security services during the period from January to March 2026, before the declarations of workers completely disappeared during April, May, and June, then returned again starting from July and continued until the end of September, coinciding with the period known for the submission and study of program files.
News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.