North Africa’s Economy
Energy: Algeria cuts oil production by 24K barrels a day
The North Africa Journal - 14 January 2019: Algeria has cut oil production between 24,000 and 25,000 barrels per day as of 1 January 2019 under the OPEC-non OPEC agreement signed last December, according to Sonatrach’s Vice President of Exploration and Production....
Eastern Mediterranean countries to boost energy ties
Cairo, Jan 14, 2019 - Eastern Mediterranean countries including Egypt and Israel agreed on Monday to boost energy ties through the creation of a body to strengthen the gas market. The decision came during a meeting bringing together seven energy ministers including...
Libya: Bulgaria investigates alleged illegal sale of Libyan tanker, as Libya orders seizure of Bulgarian ships
Sofia, Jan 11, 2019 - Prosecutors in Bulgaria on Friday opened an investigation into the alleged illegal sale of a Libyan oil tanker, after Libya ordered the seizure of Bulgarian ships entering its ports in retaliation. "The regional prosecution in Burgas opened a...
Libya issues arrest warrants against attackers of oil facilities ($)
The North Africa Journal: 9 January 2019: The Libyan authorities have issued 37 arrest warrants against Libyans, Chadian and Sudanese rebels suspected of involvement in attacks on oil facilities and a military base. The arrest warrants were issued against 22 Chadian...
Egypt: Qatar’s beIN stops broadcasting on Egypt’s CNE cable network
Doha, Jan 8, 2019 - Qatar broadcasting giant beIN said on Tuesday it will stop broadcasting programmes on its only cable network in Egypt, CNE, a move that could affect hundreds of thousands of viewers. The move comes amid a 19-month diplomatic regional crisis between...
Algeria: Infrastructure to get mimimum spending in the next 12 years
MEA Risk's Shield & Alert: Nov 19, 2018: In the light of the flash floods which swept large cities such as Algiers, Constantine and Oran recently, the government has allocated a budget of 311,432 billion dinars over a period of 12 years, in a bid to solve...
Restive southeast Tunisia struggles with economic despair
The North Africa Journal - May 31, 2018: Economic Brief: A parliamentary report released this week in Tunisia caught our attention because it addressed, in an honest way, the major issues facing the restive southeastern Tunisia, and by extension many other regions. ...
Algeria: More insurgents surrender as military renews call for amnesty, says MEA Risk
The North Africa Journal: May 17, 2018: MEA Risk LLC reports that four more Islamic insurgents surrendered to the army in the province of Tamanrasset in Algeria this week in a series of surrenders boosted by the military call for amnesty for those willing to give up...
Algerians brace for currency devaluation, fueling informal forex
The North Africa Journal - 5 April 2018: The informal foreign currency exchange market (forex) in Algeria is more vibrant than ever, and continues to expand. The use of such market is widespread because of an ineffective financial sector and regulations that are...
Tunisia’s economic challenges: are they insurmountable?
The North Africa Journal - August 24, 2017: While the Tunisian government is drafting the country’s next budget, Fadhel Abdelkefi, its interim Finance Minister, who heads up the ministry of investment and international cooperation resigned (August 18, 2017) due to an...