The Local Development Bank recorded positive financial results during the fiscal year 2025, as the Board of Directors proposed a dividend distribution of 107 Dinars per share, following a net profit of 27.3 billion Dinars, an increase of 19.16 percent compared to the previous year, reflecting improved profitability levels and the continued upward performance of the banking institution. According to a statement from the Local Development Bank, which 'Echorouk' received a copy of, the bank's Board of Directors held its meeting on May 16, 2026, chaired by the Chairman of the Board, to study and approve the social accounts for the fiscal year ending December 31, 2025, where the recorded results showed the bank's continued achievement of positive financial and commercial performances that reflect the strength...
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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