Sofiane Mezari to 'Echorouk': Islamic banking is growing by 20% annually, with individuals and small businesses at the forefront, and youth loans on the table of 'NESDA'. The growth of Islamic banking in Algeria has reached about 20% annually, capturing between 6% and 7% of the national banking market, with expectations of its share rising to 8% very soon. As the new measures of the 2027 finance law are expected to come into effect, the tax disparities between Islamic and traditional financing will be eliminated by subjecting them to the same fees and costs, meaning their price will be lower within sixty days, ensuring customers the freedom to choose between the two forms without incurring additional burdens due to the nature of the financing.
Algeria - MPs in the National People's Assembly highlighted today, Tuesday, during their discussion of the draft finance law for the year 2027, the importance of strengthening investment support and project holders, especially startup owners.
aps.dzAlgeria - The Minister of Energy and Renewable Energies, Mourad Ajal, chaired a meeting today, Tuesday, in Algiers, dedicated to studying and discussing several files related to the activities of Sonelgaz International, according to a statement from the ministry.
aps.dzAlgeria - The International Monetary Fund highlighted the progress Algeria is making in its economic diversification path, with 'encouraging' indicators recorded in this area, praising the national strategy based on major investment projects, and promoting production, export, and investment in various sectors outside hydrocarbons.
aps.dzNews Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.