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More Belt-Tightening Ahead for Algeria

More Belt-Tightening Ahead for Algeria

The North Africa Journa: October 2, 2016: Algeria continues to seek cost containment measures, with growing expectation of fuel price increases in 2017 aimed at reducing the projected budget deficit…

Tunisia in Retrospect and the Tough Choices Ahead

Tunisia in Retrospect and the Tough Choices Ahead

In one year, Tunisia has been tormented by no less than five large scale, dramatic terrorist attacks all perpetrated by the Islamic State. It all started on March 18, 2015,…

BP and Statoil Reducing their Staffs in Algeria: Consequences on Business Continuity

BP and Statoil Reducing their Staffs in Algeria: Consequences on Business Continuity

Although the recent terror attempt on an Algerian gas site, signed by Al-Qaeda in the Islamic Maghreb (AQIM) caused no physical damage, it has had without any doubt some psychological…

With Peugeot-Citroen Joining Renault, Oran becomes the Capital of Algeria’s Car Assembly Business

Although the companies have not made a formal announcement yet, the Wali (governor) of Oran in western Algeria says his province will be home of a new Peugeot-Citroën auto assembly…

Insurance firm Zurich exiting the Moroccan market

Swiss insurance firm Zurich Insurance is considering exiting the Moroccan and South African markets amid a deteriorating business environment. The company is reportedly unable to generate profits from these units,…

Tunisia’s Crises

Tunisia’s Crises

Tunisia is facing a multi-faceted crisis, top of which is the ongoing unemployment protests that highlight the weakening of the Tunisian economic system and the eroding social safety nets. MEA…

Oil prices & the impact on Sovereign Wealth Funds Libya as a case

Oil prices & the impact on Sovereign Wealth Funds Libya as a case

By Omar Khattaly: The drop in oil prices in the last 12 months has taken markets and investors by surprise. State institutions such as Sovereign Wealth Funds (SWF) have been…

As Terror Becomes Part of the “New Normal” in Tunisia, Business Learns to Cope with the Terror Risk

As Terror Becomes Part of the “New Normal” in Tunisia, Business Learns to Cope with the Terror Risk

The recent terror attacks on two hotels in Sousse and in the Bardo Museum in Tunis had a direct negative impact on the critically important tourism industry. Bookings were canceled,…

Algeria Hard Currency Reserve Stood at $179 Bil in Dec 2014, Down 7.8% Year on Year

Algeria Hard Currency Reserve Stood at $179 Bil in Dec 2014, Down 7.8% Year on Year

Algeria’s political and economic leaders have a big problem. The country’s foreign currency reserves stood at $178.9 billion at the end of December 2014. That’s not a bad number except…

Oil Companies Reassessing their Investments in Tunisia

Oil Companies Reassessing their Investments in Tunisia

For weeks now rumors of major oil companies preparing to leave Tunisia have circulated in the central administration and in the media. There is no concrete information about many of…

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