– Accelerating digital transformation and generalizing electronic payment – Opening new agencies and improving reception quality. Public banks have initiated a series of expanded meetings and coordination sessions with their officials, agency managers, and central and local staff, as part of implementing the three new directives from the Bank of Algeria regarding the organization of banking operations related to foreign trade and updating work mechanisms within the banking network, especially ensuring the financial solvency of the importer and applying the 'Know Your Customer' memorandum, as well as the memorandum regarding the non-banking localization of the importer before shipping. These movements come, according to banking sources, after the issuance of new regulatory instructions that emphasized resetting the course of operations.
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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