President Abdelmadjid Tebboune’s latest visit to Italy was meant to be a diplomatic breakthrough. Instead, it marked yet another chapter in a series of fruitless overtures that have come to define Algeria’s increasingly desperate foreign policy. Despite multiple visits to Rome in recent years and generous gas deals, Tebboune returned home empty-handed again. The Algerian […]
The Central Bank of Egypt (CBE) abolished a February 2022 circular requiring the use of letters of credit for imports, and allowed the use of collection documents instead, Arab Finance reports. The CBE in a late December circular scrapped the letter of credit which provides an irrevocable guarantee to the exporter that the importer’s bank […]
The Spanish government has denounced the maneuvers of the Algerian authorities who have proceeded to the unilateral blocking of trade operations in both directions and violated the association agreement with the European Union. The Spanish Minister of Foreign Affairs, José Manuel Albares, confirmed on Thursday that there was indeed a blockade of trade operations by […]
