It was the Algerian press which was responsible for identifying the culprit by naming the United Arab Emirates accused of pursuing a “harmful” policy for Algeria in the region. In response, the Algerian government adopted a new policy towards Abu Dhabi. He responded on the economic front.
Prohibition of certain acts
Algerian justice now prohibits notaries from drawing up notarial deeds signed by mixed Algerian and Emirati companies. This decision could end the contract between the United Algerian Tobacco Company and the Emirati company which produces and distributes tobacco, Staem. According to local media, this company acquired by an Emirati investor in 2005 was supposed to bring money to the Algerian state but is no longer profitable.
A silent crisis
She is therefore suspected of transferring funds abroad. Some observers, however, place this decision within the framework of the silent crisis which has raged between the two countries since the summer of 2023. Divergences on the geopolitics of the region exist on several issues. Abu Dhabi is Morocco’s ally, whose diplomatic relations with Algiers have been severed since 2021. The two countries have normalized their relationship with Israel, unlike Algeria, which accuses them of playing a harmful role against interests and security. Algeria in the Sahel.
This article is originally published on rfi.fr