First Independent Mena Newspaper
The Renault factory in Algeria’s Oran has come to a halt after Algerian authorities banned imports of key parts from Spain, a ban highlighting that the Algerian regime is ready to pursue political goals at the expense of the economy. Since Spain ended its double-speak on the Sahara issue by expressing full support to the […]
French automaker Renault is considering shutting down its plant in Algeria after authorities in the northern African country took measures to curb imports of car parts. The Algerian news agency APS said the French carmaker will close its plant next November after Algeria imposed measures to reduce bill of imports of semi knocked down and […]
The slump in oil prices prompted the Algerian government to seek temporary measures to reduce the trade deficit. The most notorious among these were import restrictions that affected more than 800 products. Algeria’s protectionism has so far backfired producing counter-productive results in a country that failed to diversify its economy away from utter dependence on […]
Turkish President Recep Tayip Erdogan urged Algerian authorities to lift the import restrictions and quotas it has imposed in a bid to curb the surging imports bill and consequently delay the depletion of its foreign reserves. Erdogan, who paid a three day visit to Algiers as part of an Africa tour, told the Turkish-Algerian business […]