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Algiers shuts 120 state-owned companies

Algiers is dissolving 120 state-owned companies following a failed attempt to modernise them, Prime Minister Abdelaziz Belkhadem has announced.'The state will not continue to ensure perfusion for corpses and will pursue the dissolution of these companies,' said Belkhadem. The identity of the 120 companies has not been disclosed.The move is part of a broad programme to upgrade, privatise or dissolve underperforming companies.The ...

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