The dollar stabilized today, Wednesday, near its highest level in six weeks, as investors began to accept the possibility of interest rate hikes to combat inflation resulting from the war with Iran, which pushed the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end negatively affected sentiment, raised concerns about inflation, and led to a global sell-off of bonds as the yield on 30-year U.S. Treasury bonds reached its highest level since 2007. President Donald Trump stated that the United States may have to attack Iran again, but he indicated that it wants an agreement to end the war that has caused disruptions in the region.
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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