These are the advantages of factoring, and the process allows for the mobilization of commercial receivables and their conversion into immediate liquidity by identifying the creditor and debtor and the necessary information to assess the financial situation of both parties. Algerian banks are currently accelerating the adoption of a long-awaited new mechanism by economic operators, namely the financial factoring service, which is expected to put an end to the liquidity shortage that constrains some institutions despite having significant contracts and orders. This acceleration came after the Bank of Algeria provided full legal coverage for the practice of this activity, thus opening the door to a real revolution in financing methods for the national economy. In this context, the Algerian External Bank had launched the first service...
Algeria - The Ambassador of the United Republic of Tanzania in Algeria, Mobahar Holmes Matini, highlighted that Algeria represents a 'vital geographical bridge' connecting North Africa and South Africa, noting its strategic location that grants it a prominent and effective role in advancing intra-African trade.
aps.dzAlgeria - The Minister of State, Minister of Hydrocarbons, Mohamed Arkab, received today, Monday, the Minister of Foreign Affairs of the Kingdom of the Netherlands, Tom Berendsen, who is on a working visit to Algeria, where they discussed ways to enhance cooperation and partnership between the two countries in the hydrocarbons sector, according to a statement from the ministry.
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Algeria - The Minister of Pharmaceutical Industry, Wassim Gouidri, presided over the ceremony for the delivery of encouraging certificates to the members of the joint committee that prepared the first Algerian dictionary specialized in pharmaceutical industry terminology in three languages (Arabic, English, and French), in the presence of the President of the High Council of the Arabic Language, Saleh Belaid, according to a statement from the ministry.
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