The Chinese group Alibaba has filed a lawsuit in the federal court in San Jose to challenge the U.S. Department of Defense's classification of it as a Chinese military company, asserting that this decision is arbitrary and lacks legal procedures and factual basis. A spokesperson for the group denied any connection between Alibaba and military strategies or civil-military integration, explaining that it is a publicly traded company listed on the stock exchange with a diverse shareholder base dominated by major American financial institutions such as JP Morgan, BlackRock, and Citigroup. The current market value of the group is $246 billion after peaking at $838 billion in 2020. Watch the full content on Echourouk...
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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