The collapse in oil prices has weighed heavily on the Algerian economy, giving rise to wide twin deficits in the budget and current account. Given that the state is still heavily involved in the non-hydrocarbons sector of the economy, but depends on hydrocarbons exports for the bulk of its revenues, it is unsurprising that efforts to close the...
Given that Algeria’s hydrocarbons sector accounted for more than half of government revenues in 2014, it is hardly surprising that the collapse in oil prices from 2014 onward has hit public finances. From 8% of GDP in 2014, the deficit ballooned to 15.8% in 2015, before moderating to an estimated 14% in 2016. Algeria was able to postpone the...
Algeria has long had complicated foreign relations, having tense ties with neighbouring Morocco, which has held back regional integration, while at the same time having strong trade relations with the EU, with which it signed a free trade accord in 2002. However, its international profile is in the midst of a gradual shift, as it seeks to...
DRESS: Qatari nationals often choose to wear the traditional clothing of the Gulf region. Foreign visitors and residents are expected to dress in a style that is sensitive to local culture, with conservative clothing recommended. Men generally wear long trousers and a shirt in public. Women’s public...
Qatar has risen to prominence both regionally and internationally. With a relatively small local population and substantial revenues generated from having the third-largest proven natural gas reserves globally, the country has one of the world’s highest GDPs per capita. A return of oil prices to above $50 per barrel will reduce strain on the economy...
Qatar in brief Still prospering: Growing economy continues to provide a high standard of living Stimulating sufficiency: Recent diplomatic difficulties encourage local industry expansion Viewpoint: Sheikh Tamim bin Hamad Al Thani, Emir of Qatar Making new friends: Visa-free programme set to mitigate fallout from the regional blockade Interview:...
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