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COMPANY OVERVIEW: SAIDAL was first created in 1982 after the restructuring of the Central Pharmacy of Algeria, when the company acquired existing factories in El Harrach, Dar El Beïda and Gué de Constantine. Later, in 1988, SAIDAL was further allocated an antibiotic complex designed by the National...

Cash has long reigned supreme in the Algerian marketplace. While businesses in the formal sector make use of cheques and bank transfers, most Algerians exclusively use cash for their day-to-day spending and household purchases – a status quo the government aims to change through a series of initiatives. “Algeria is working hard to reduce the...

COMPANY OVERVIEW: Alliance Assurances is a joint-stock company with an initial capital of AD500m (€4.6m). It was created in December 2004 by a group of national investors, and in 2007 it launched “Algeria Touring Assistance” in partnership with the Touring Club of Algeria.

Algeria’s banking sector is characterised by low intermediation and penetration rates, although both have increased dramatically in recent years thanks primarily to ample liquidity stemming from abundant hydrocarbons revenues. The sector’s regulator, the Bank of Algeria (BoA), has licensed 20 banks – including six public banks that essentially...

Hydrocarbons activity is the single most important industry in Algeria, accounting for approximately 60% of government revenues and 95% of total exports. The fall in oil prices since mid-2014 of more than 50% had a negative impact on the country’s finances and resulted in a halving of earnings from hydrocarbons exports. Concerns have been...

Hydrocarbons wealth has underwritten Algeria’s growth for decades, allowing the country to accumulate huge foreign currency reserves and underwrite a major public spending campaign over the past 10 years. Thanks to high oil and gas prices, the government has been able to fund infrastructure and social programmes, including subsidies, helping...