The Commission for the Regulation and Supervision of Stock Operations (COSOB) has granted its approval for the information memorandum regarding the capital increase of 'Irad' (AYRADE SPA) by 25 percent, through a public savings offering, according to a statement from the commission on Sunday. The same source clarified that the decision was made during a committee meeting held on April 15, where the operation includes the issuance of 1,250,000 new shares for subscription, which will be listed in the growth section of the capital market. The price of each share has been set at 800 Algerian dinars, representing a total value of the operation estimated at one billion Algerian dinars, with the date for enjoying the shares set for January 1, 2026. The statement added that the shares will be in the form of bonds...
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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