Algeria prepares new investment law, aims for non-energy funding sources
HAMID OULD AHMED ALGERIA is preparing a new investment law to improve its business climate and attract foreign investors with the aim of boosting the non-energy sector, according to Prime Minister Ayman Benabderrahmane. He also announced plans to develop the country's small stock exchange and launch banking and financial reforms to find new funding sources for the oil-reliant economy. OPEC member Algeria, which relies heavily on oil and gas exports, has been facing financial problems due to lower energy earnings. The situation worsened during the pandemic, which slammed crude demand and pressured international prices. The North African country has so…