Finance Minister Abdel Karim Boulzerd urged banks and financial institutions to enhance communication by organizing regular meetings to clarify the new procedures recently established by the Bank of Algeria regarding 'Know Your Customer'. The minister noted in a speech today, Monday, May 18, on the occasion of a study day organized by the Bank of Algeria on the instruction related to Know Your Customer, that 'banks and financial institutions are required today to organize numerous meetings to explain the new procedures related to Know Your Customer and clarify how to implement this instruction for employees, as bank agencies are the ones that deal directly with citizens and economic operators, especially traders,' according to the Algerian News Agency.
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...
News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.