Although underdeveloped by both international and regional standards, Algeria’s insurance market has seen rapid growth in recent years. Publicly owned insurance firms dominate the sector and held a market share of 70.2% in the first quarter of 2012. Accounting for 91.4% of the total in 2011, property and casualty products make up the majority of premiums, while the life market share stood at 7.6...
Financial Services
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Chapter | Capital Markets from The Report: Algeria 2012
Operational since 1999, the Algerian stock exchange, Bourse d’Alger, is characterised by low levels of activity and liquidity, with just three equities and two corporate bonds currently listed and government bonds accounting for over 90% of trading. The total volume of transactions on the bourse was €36.8m in 2011, down from €47.8m in 2010. Trading of government bonds accounted for €33.7m of this...
Oil and gas production continues to dominate the Algerian economy, accounting for almost all of exports, close to half of government revenue and over a third of GDP. In recent years non-hydrocarbons GDP has outstripped wider economic growth, though this is largely driven by public spending rather than private sector activity.
Economic update | Kuwait: Banking prudence and profit
20 Nov 2012
The continued conservative approach of Kuwaiti banks, both Islamic and conventional, seems to be paying off, with a number of institutions posting strong returns for the third quarter and several banks reporting double-digit quarterly increases in net profits for the period.
Although growth is expected to ease in Saudi Arabia’s competitive insurance sector this year, the industry still holds plenty of potential for expansion, particularly in the health and life segments.
Economic update | Nigeria: Banks rebounding
15 Nov 2012
Now four years on from the 2008 banking crisis, Nigeria’s financial sector is continuing to reap the benefits of the reforms that followed, with rapid growth in profitability and a significant decline in bad debt.