🇩🇿AlgeriaNorth Africa
Algeria to amend commercial law, introduce 'black list' for business activities
via Algérie3604 min read
The Algerian government is preparing to amend and supplement Law No. 04-08 of August 14, 2004, concerning the conditions for exercising commercial activities. This legislative project aligns with Algeria's international commitments, particularly the recommendations of the Financial Action Task Force FATF regarding the fight against money laundering and the financing of terrorism. The proposed law includes the creation and expansion of a "black list" of individuals and entities prohibited from engaging in commercial activities. This list will integrate into the existing legal framework, adding categories such as individuals involved in tax fraud, money laundering, financing of terrorism and subversion, or financing the proliferation of weapons of mass destruction. Restrictions will also apply to those on unified sanctions lists or national lists of terrorist individuals and entities, as well as those involved in capital movement offenses and drug trafficking. Individuals proven to be involved in these offenses will be permanently excluded from the commercial sector, unless rehabilitated through legal procedures. Another key amendment introduces a new article, 4 bis, requiring all merchants, whether individuals or legal entities, to update their trade register extract within one month of any change in recorded data or company statutes. This aims to ensure immediate updates and prevent inaccurate information, promoting transparency. Violations of this provision will incur financ
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This summary was AI-generated from a story originally published by Algérie360.
The International Olympic Committee has announced an initial list of 30 "model athletes" who will mentor young participants at the Dakar 2026 Youth Olympic Games. Among them are two Algerian athletes: artistic gymnast Kaylia Nemour and fencer Zohra Nora Kahli. This selection highlights the individual talent of these athletes and Algeria's growing presence in major global sporting events. Dakar 2026 will be the first Olympic event held on African soil. The "model athlete" program, established for the Singapore 2010 Youth Olympic Games, aims to connect young high-level athletes with experienced athletes who have competed in major international competitions. These model athletes will participate in educational workshops, share their experiences on career management, mental preparation, daily discipline, and injury prevention. They will also attend training sessions and competitions, encouraging young talents. This initiative seeks to transmit a culture, mindset, and values based on excellence, respect, and self-transcendence. The CIO's diverse list of 30 athletes represents various continents, disciplines, and backgrounds, covering 25 sports and several "interactive" disciplines. This diversity reflects the CIO's commitment to a balanced and inclusive representation of global sport. Kaveh Mehrabi, Director of the Athletes' Department at the CIO, stated that young athletes are naturally inspired by Olympic champions, and past experiences have shown the extremely positive impact o
Must ReadFinance Minister Abdelkrim Bouzred has issued a strict instruction, ministerial note n°918 dated April 14, 2026, to implement unprecedented control over public investment projects. The directive mandates that local officials, including walis and local commissions, must now physically visit construction sites to document project progress with photos, moving beyond traditional administrative reports. The goal is to bridge the gap between allocated budgets and actual achievements in infrastructure projects such as schools, hospitals, roads, and housing. Each wilaya will establish a local commission for financial and material oversight, chaired by the Director of Programming and Budgetary Monitoring DPB, with the Budget Controller overseeing commitment authorizations and the Wilaya Treasurer managing payment credits. These commissions will meet periodically to submit detailed reports, including dashboards on project progression rates, directly to the Minister. The new directive also includes a "purification" operation to review and reallocate funding from stalled, inefficient, or non-priority projects to growth-driving sectors, aligning with the Treasury's actual capacities. Furthermore, all collected data must be integrated into a dedicated digital application for public investment monitoring, enabling real-time decision-making by the central government. The surveillance will focus on human development education, health, higher education, youth, culture, socio-economic developme
Ali Badaoui, Director General of National Security DGSN of Algeria, hosted his German counterpart, Dieter Romann, in Algiers to strengthen bilateral police cooperation. The discussions focused on intensifying coordination, particularly concerning illegal migration and human trafficking. Badaoui described the visit as a "privileged opportunity to consolidate the foundations of common work" and emphasized the need for "continuous coordination." Romann highlighted that "the geopolitical situation requires closer cooperation than ever between the two countries." Key topics included combating smuggler networks, managing borders, controlling migratory flows, tracking human traffickers, addressing identity and travel document falsification, and locating individuals sought by justice. The DGSN noted that 17 in-person activities, including training sessions and exchange visits, have been organized in Algeria and Germany over the past two years, covering areas such as air transport techniques for dangerous individuals and police intelligence processing. Romann praised these bilateral achievements, including criminal cooperation, and advocated for further collaboration, particularly in air security and organizing major sporting events. The German delegation also visited the Border Police Directorate to observe its missions in managing cross-border movement of people and vehicles, indicating German interest in Algeria's migratory control model. The visit aimed to unify efforts on common
The Algerian state is reportedly offering the El Palace hotel in Barcelona for sale, with a transaction amount exceeding 100 million euros. The Spanish media outlet El Confidencial reported on April 16 that the property, recovered by Algerian authorities in 2025, is now on the market. Inaugurated in 1919, the five-star "grand luxury" hotel is located near Passeig de Gràcia and spans over 12,500 m², featuring two basement levels, nine upper floors, 125 rooms including high-end suites, six large event lounges, and a 1,500 m² panoramic rooftop terrace. The hotel attracts an international clientele, with room rates ranging from several hundred to several thousand euros per night for suites. It also boasts a strong cultural and gastronomic identity, with catering by Spanish chef Rafa Zafra and suites honoring artists like Salvador Dalí and Carlos Ruiz Zafón. The hotel was initially acquired in 2011 for approximately 80 million euros by Algerian businessman Ali Haddad, former head of the ETRHB group. Following his conviction in Algeria for corruption, his assets were targeted for recovery. The transfer of ownership to the Algerian state occurred in 2025 through a dation in payment mechanism, allowing authorities to recover the asset without a forced sale. Algerian authorities are now considering selling the hotel to investors, including specialized funds and asset management firms, as part of a broader strategy to monetize recovered assets, generate public funds, and finalize corru