The hydrocarbons sector continues to absorb the lion’s share of foreign direct investment (FDI), but in recent years the government has sought to channel inflows into the non-oil sector in a bid to encourage greater diversification, increase job creation and strengthen export revenues.
Algeria occupies a unique place in North Africa and in the last 15 years has exhibited remarkable continuity in an ever-changing and sometimes volatile region. Over the past four years, the Maghreb region – which encompasses Mauritania, Morocco and Western Sahara, Algeria, Tunisia and Libya – has undergone significant changes, ranging from modest constitutional...
In many senses, Algeria finds itself in a strong economic position, particularly when compared with its regional neighbours. It holds the fourth-largest oil reserves and the second-largest natural gas reserves in Africa. After years of sustained high oil prices and a comparatively prudent fiscal policy – albeit balanced on a high breakeven price – it has built up...
After decades of non-alignment during the Cold War, the development of Algeria’s foreign relations has taken on a decidedly liberal economic character. The country is expanding its links with foreign partners in an effort to develop a diversified, knowledge-based economy and has also redoubled efforts to advance its bid to join the World Trade Organisation (WTO)....
Algeria has notable geographic, demographic and cultural diversity. Its territory reaches from the Mediterranean Coast to the depths of the Sahara Desert, and its population includes a blend of Arab and Berber linguistic and cultural traditions. Economic development has been driven by oil and gas, which today still account for 30% of GDP, 60% of budget revenue and 97% of...
The three years since the 2011 revolution have proven to be profitable for most of Egypt’s insurers, making it one of the few sectors to overcome the country’s economic malaise. Although insurers have been faced with substantial payouts as a result of civil disturbances, premiums have grown and new products have been developed to meet the increasing demand for cover....
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