The Stock Exchange Operations and Monitoring Committee (COSOB) received today, Tuesday in Algiers, the resident representative of the World Bank Group in Algeria, Jamila Hajbayoglu Jirin, where both sides discussed ways to enhance bilateral cooperation, particularly in the areas of modernizing the financial market and developing alternative financing mechanisms, according to a statement from the committee. During this meeting, the committee's president, Youssef Bouzenada, presented a detailed overview of the key regulatory reforms recorded since 2023, aimed at modernizing the financial market, which resulted in a 'notable improvement in the activity of the Algerian financial market compared to previous years.'
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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