The Central Bank of Libya announced today, Saturday, that the House of Representatives and the High Council of State have approved the first unified budget for the country in more than 13 years. The central bank added in a statement that the approval of the two legislative councils for the budget could help enhance financial stability and represents an important step towards ending years of financial division. The statement said, 'The Central Bank of Libya expresses its welcome for the signing of Annex No. (1) of the unified development agreement, which includes the adoption of the general expenditure tables for the Libyan state... in a step that reflects real progress towards unifying financial policy and enhancing discipline in public expenditure management.' The statement clarified, 'This agreement represents a pivotal station as it is the first...
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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