
Economic Development: Algeria Bets on Legal Stability
In a globalized world where capital flows and economic exchanges are increasingly interconnected, Algeria is betting on legal stability to boost its economic development.
Business law changes, compliance, and regulatory updates

In a globalized world where capital flows and economic exchanges are increasingly interconnected, Algeria is betting on legal stability to boost its economic development.

Algeria - Participants at the Legal Security and its Impact on Economic Development forum, held on Saturday in the Algerian capital, stressed that Law 18/22 is a key pillar for a safe and stable investment environment, reflected in the increasing number of projects that translate the confidence of local and foreign investors in the local market, and highlights the impact of legal stability on investment incentives.

Iraq has banned the import of 11 agricultural products, according to Iqtissad Al Balad.

Politicians under the microscope, life insurance a high-risk product, 2 million centimes fine for non-disclosure of suspicion, ban on fictitious accounts, cutting ties and notification of suspicious cases. Insurance companies will be required, like banks, to identify the source of clients' funds in certain cases, with a strict regulatory framework applied to life insurance due to its high risk of money laundering, according to a new risk guide issued by the National Insurance Council in December. The guide puts politicians, along with their family members and close associates, in the high-risk category of clients, requiring enhanced and vigilant measures with prior approval from the regulatory body.

Algeria - Representatives of business organizations participating in the Legal Security and its Impact on Economic Development conference, held today in Algiers, stressed the importance of legal stability and clarity as a key factor in boosting investment, encouraging initiative and innovation, and improving the business environment.

Algeria Post has announced that the validity period of the CNEP-POSTE card is set to three years. This decision aims to simplify the process of card renewal and reduce the burden on citizens.

The Algerian Prime Minister, Saïfi Ghrib, stated today, Saturday, that the legislative reforms related to establishing legal security and protecting managers will be further strengthened through the in-depth review of commercial law, which is currently being worked on to adapt to the transformations of the global economy. In his speech during the opening of the national conference on legal security and its impact on economic development, at the 'Abdelatif Rahal' conference center in Algiers, Saïfi Ghrib confirmed that President Abdelmadjid Tebboune attaches great importance to this file, which reflects his wise vision and Algeria's determination to establish a safe and stable legal environment that facilitates and encourages investment, initiative, and innovation, contributing to the promotion of the economy.

Prime Minister of Algeria, Saïdani Grib, said on Saturday that legislative reforms related to the consolidation of legal security and protection of entrepreneurs will be further enhanced through an in-depth review of commercial law, which is currently being worked on to adapt to global economic changes.

Prime Minister Siefi Grib will chair the opening of the national forum titled "Legal Security and Its Impact on Economic Development"

Algeria - The Competition Council has handled over 14 cases since its reappointment in March last, based on the notifications it received, according to its chairman, Ahmed Dakhinesse, on Tuesday in the capital Algiers.

Algeria - The Ministry of Finance and the Ministry of the Interior and National Trade Regulation signed a protocol agreement on Wednesday in Algiers to launch a payment service for commercial register stamp rights using a bank card or a gold card, according to a joint statement from the two ministries.

Algeria - The President of the National People's Council, Mr. Ibrahim Bougal, chaired a meeting of the Council's office on Sunday, during which the proposed amendments to the road traffic law project were studied, according to a statement from the Council.