The Algerian Cabinet of Ministers has reportedly approved a new draft investment law. The new law is intended to improve the business climate for foreign investment in Algeria overall, and includes the following main measures: A number of requirements concerning foreign investment will be abolished, including: The requirement that for foreign investments made prior to 2009, the foreign ownership must be adjusted to meet the 49% foreign ownership cap (introduced in 2009) when a change is introduced in the commercial registration; The requirement that domestic funding be used for a contribution in an Algerian company; The requirement that an excess...