
New agricultural orientation law: The decisions of President Tebboune
Considered a driver of economic diversification, agriculture will soon be equipped with a new orientation law.

Algeria - The Minister of Industry, Fred Kourtel, along with the Minister of Knowledge Economy, Startups, and Small Enterprises, Nourredine Wahid, chaired a working meeting today, Monday, during which an agreement was reached to form a joint committee between the two sectors to enhance coordination and develop mechanisms for joint cooperation, according to a statement from the Ministry of Industry.

Considered a driver of economic diversification, agriculture will soon be equipped with a new orientation law.

Algeria - The Minister of Foreign Trade and Export Promotion, Kamel Rzig, chaired a meeting today, Monday, with cement producers, dedicated to evaluating the results of export operations during the first half of 2026, and discussing prospects for expanding the presence of Algerian cement in international markets, according to a statement from the ministry.

Banks are required to report to the 'Risk Central' and the factoring transfers rights and guarantees to the intermediary, preventing the factoring of debts subject to mortgage or assignment or any guarantee that affects the rights of the intermediary. The Bank of Algeria has defined, through a new system, the conditions for banks and financial institutions to practice factoring and the procedures for this process, which involves the institution transferring its commercial debts owed by its clients to a bank or financial institution, in exchange for receiving their value immediately, with the intermediary bearing the risk of non-payment. The system aims to define the conditions for banks and financial institutions to practice factoring and the procedures for its operation, considering factoring as a process carried out within the framework of a written agreement with a substitutive effect.
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