While the 2014-17 period saw the effectiveness of the import ban called into question and was marked by a significant drop in oil receipts, recovering commodity prices in 2018 appear to be bolstering both local business sentiment and economic growth prospects. The results of the second OBG Business Barometer: Algeria CEO Survey, gathered...
Advances in financial technology (fintech) have been slow to arrive to Algeria. A low bank penetration rate remains a significant challenge, notwithstanding substantial progress in recent years (see analysis), as do a cultural preference for cash and the dominance of state-run banks that have little incentive to innovate.
With new hotel and tourism developments in the pipeline, Algeria is looking to boost job growth in the industry while developing the skills needed in the labour force. In addition, the 2021 Mediterranean Games are set to give training programmes a timely boost as host city Oran prepares to take centre stage. Indeed, the July 2018 opening of a...
A diverse land of thermal springs, mountains, historic sites, vast desert and unspoilt Mediterranean coastline, Algeria offers a remarkable variety of activities for travellers. However, a decade-long civil war ending in 2002 and an antiquated transport infrastructure network has curtailed growth in the tourism sector, alongside negative...
Although priorities vary when it comes to economic development, the increasing need for skilled labour is both a cause of and a requirement for accelerated growth across markets. This demand for technical specialists is often most concentrated in the sectors that are vital to economic advancement, including infrastructure, oil and gas...
In recent decades, the pharmaceutical market has expanded its geographical reach. This trend appears to be here to stay; in a survey of major pharmaceutical firms conducted by global consulting firm PwC’s Strategy& team, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by...
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