Back
Sustainability & Green EconomyAgriculture & AgribusinessBanking & Finance

12 thousand and 700 billion in outstanding compensation!

July 19, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
12 thousand and 700 billion in outstanding compensation!

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...

Read Full Article
Share on social media

Related Articles

Banking & Finance
Algeria and Saudi Arabia Discuss Developing Financial Technology and Sukuk Market

Algeria and Saudi Arabia Discuss Developing Financial Technology and Sukuk Market

Algeria and Saudi Arabia explored ways to develop financial markets and enhance innovation and financial services during meetings that brought together stakeholders in the Algerian financial market and representatives from the Saudi Financial Market Authority, as part of the work of the Trade and Economy Committee stemming from the Algerian-Saudi High Coordination Council. The meetings were held at the headquarters of the Commission for Organizing and Monitoring Stock Exchange Operations (COSOB) and via videoconferencing, providing an opportunity to exchange experiences and practices in several areas related to the development of financial markets. Read the full content on Echourouk Online.

Sep 13, 2026echoroukonline.com
Economic Policy
BRICS Finance Ministers Call for Reform of Global Financial Institutions

BRICS Finance Ministers Call for Reform of Global Financial Institutions

Finance ministers and central bank governors from BRICS countries have called for reform of global financial institutions, primarily the International Monetary Fund and the World Bank, to give emerging and developing economies a greater role in the global economic governance system. The financial officials stated in a joint statement that reforming global economic governance remains a 'constant priority' for BRICS, amid the growing share of emerging and developing economies in global output and growth. Read the full content on الشروق أونلاين.

Sep 13, 2026echoroukonline.com

News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.