The recovery of the steel industry has been at the top of the government’s agenda since the implementation of the first five-year development programmes in the early 2000s. Massive investments in housing and transport infrastructure resulted in a sharp increase in the nation’s needs for steel products, which quickly outstripped local capacity...
The insurance sector in Algeria has grown more than five-fold since the 1990s, but it still remains small relative to the size of the economy. The market is characterised by low penetration and density of coverage, and is dominated by non-life coverage, representing some 93% of premiums, with automotive coverage alone accounting for half the...
As Algerian authorities look to empower an underdeveloped banking sector to drive broader economic growth, Islamic banking is among the areas that appears poised for expansion. Islamic finance is currently dominated almost entirely, by Algeria’s oldest private bank, Al Baraka Bank, a subsidiary of Bahraini Al Baraka Banking Group, with Algeria...
Algeria’s capital markets offer considerable potential in light of the size of the country’s economy but have historically been fairly shallow. Few corporate stocks and bonds have traded on the market since it opened in 1998, and the last initial public offering (IPO) was in 2013. Trading has been comparatively light in recent years as...
COMPANY OVERVIEW: The Entreprise de Gestion Hôtelière El Aurassi (EGH El Aurassi) is a hotel management company that includes four hotels within its current portfolio. These include the five-star Hôtel El Aurassi in Algiers and three accommodations in southern Algeria: Hôtel Rym in Beni Abbès; Hôtel...
COMPANY OVERVIEW: NCA Rouiba was established in 1966 and first started operations in the production of canned food. Twenty years later the company also began producing fruit-based beverages, and in 2004 it moved into ultra-high-temperature milk. The following year saw NCA Rouiba open its capital to...
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