The energy sector in Algeria is at the forefront of global oil deals during April 2026, following the granting of a new exploration license to the British oil company 'BP' in the Eastern Basin, a move that reflects the growing attractiveness of investment in the country and the expansion of untapped hydrocarbon opportunities, estimated to cover more than 1.7 million square kilometers. According to the monthly report prepared by the specialized energy platform, the new license allows 'BP' to carry out exploratory work including geological surveys and technical studies without immediately transitioning to the drilling phase, enabling a precise assessment of oil and gas potential, as part of Algeria's efforts to reactivate exploration activities and attract global companies...
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.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
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