First Independent Mena Newspaper
Algeria’s Minister of Energy Mohamed Arkab has announced that the final version of a new hydrocarbon law has been drafted and will be submitted to authorities for approval. OPEC member Algeria relies heavily on oil and gas, which account for 60 percent of the budget and 94 percent of its export revenue, despite promises to […]
“Disguised imports”. It is thus that critics have described Algeria’s policy to set up car assembly plants. Since 2012, Algeria has been trying to attract foreign investments by automotive giants in order to reduce its imports bill, but the results so far are disappointing. Indeed, the opening of a car assembly plant by Volkswagen in […]
Algeria’s Industry Minister Bedda Mahjoub expressed frustration at his country’s policy of attracting car assembly plants and threatened to close these factories due to their low integration rates. “We should put an end to the production model as most manufacturers have not improved their integration rates, he told the press after speaking to MPs. While […]