A new assessment by the FATF is expected by 2029, and transparency measures are ongoing. The declaration of suspicion continues, and a monitoring and qualification program extends until 2029. In the first direct gains from the country's exit from the FATF's gray list, foreign banks have officially lifted any reservations or strict monitoring measures they imposed on financial transfers to and from Algeria, which is expected to facilitate international financial transactions and reduce administrative burdens and additional costs that economic operators faced. Meanwhile, Algeria is preparing for a new phase aimed at maintaining this gain, by undergoing a new international assessment led by the FATF team by 2029.
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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