Banks are required to implement the 'Know Your Customer' procedure and quickly update their customers' data. The monetary law obliges the 'Bank Governor' to present the annual report before the members of parliament. Mohand Bourai assumed his duties as the new Governor of the 'Bank of Algeria' on Thursday, September 3, succeeding Mohamed Lamine Labo who moved to the Ministry of Finance as part of the recent cabinet reshuffle, in a ceremony overseen by Labo himself, in implementation of the President's mandate. Bourai, who until September held the position of General Manager of the Agricultural and Rural Development Bank 'Badr', confirmed his commitment to work with various stakeholders in the banking and financial sector to keep pace with the economic activity in the country.
Algeria - On Monday, the Minister of Transportation, Saïd Sayoud, held talks in Algiers with the Deputy Prime Minister and Minister of Industry of the Czech Republic, Karel Havlíček, discussing ways to enhance bilateral cooperation between the two countries in the fields of transportation, according to a statement from the ministry.
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Algeria - The General Directorate of Taxes launched a new electronic service today, Monday, for the payment of stamp duties related to the practice of the veterinary profession, through the digital platform 'Tabaqkom', in collaboration with the General Directorate of Veterinary Services of the Ministry of Agriculture, Rural Development and Fisheries, according to a statement from the General Directorate of Taxes.
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