The shadow of Algeria’s civil conflict in the 1990s and the authorities’ subsequent reluctance to be seen as empowering political Islam has delayed domestic growth in sharia-compliant finance. Further, the economic slowdown brought on by weak oil prices has been a big factor behind the drying up of liquidity in the banking system. In turn,...
As bank borrowing becomes increasingly expensive, capital markets are emerging as a financing alternative for a range of domestic firms. This is true of the government as well, as large fiscal deficits mean financing needs are likely to remain significant. Before hydrocarbons prices fell in 2014 – and the resulting economic headwinds occurred...
Internet and mobile banking in Algeria are still in the early stages of development, but market observers see these technologies as having great potential to improve financial inclusion if the relevant legal, regulatory and logistical frameworks are put in place.
The collapse in global oil prices has caused international interest in exploration and production (E&P) activities to slow down. Yet, Algeria has maintained its determination to boost its hydrocarbons sector, with plans targeting an increase in oil and gas output by 14% and 13%, respectively, by 2019. To keep up the momentum in the face of...
Under the constitution Algeria is a presidential republic. The head of state is the president, who is elected for five-year terms. A rule limiting presidents to two consecutive terms in power was abolished by constitutional amendments passed in 2008, but reintroduced in 2016. However the detail of the reinstatement effectively allows the...
EL DJAZAÏR (EX SAINT GEORGE) 24 Avenue Souidani Boudjemaâ Algiers 16070 T: 023 48 11 08 F: 023 48 11 05 www.chaineeldjazair.com reservation@chaineeldjazair.com Rooms: 288 rooms, including seven senior, nine junior and two executive suites. Business & Conference Facilities: Fully equipped business centre with six rooms and salons. Health & Leisure Facilities: Tennis...
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