Algerian government introduces new reforms to halt foreign invesments' anarchy

Algerian Council of Ministers, chaired by the president Abdelaziz Bouteflika, begun enforcing on Saturday a series of new measures, to end the foreign companies and investments abuses, which are registered in the foreign investments file in Algeria, in addition to some new reforms dealing with money transfer operations.

• The Algerian PM, Ahmed Ouyahia initiated this project after a series of critics which are directed for the president Bouteflika for the foreign investors on the 23th of June, and said that the government will work under the laws and international agreements which were signed to protect its economic interests, adding that the Algerian government decided to keep the biggest shares of these investments to avoid these abuses, revealingf that the government will be responsible for its “wrong” decisions which were taken about the file of managing the foreign investments.