Business & Economy Bound

Egypt: first commercial flight from Qatar to Egypt in three and a half yearsF

The first direct flights since 2017 between Qatar and its former rivals Egypt and the UAE took to the skies on Monday, following the end of a regional crisis. Egypt and the United Arab Emirates (UAE) joined Saudi Arabia and Bahrain in cutting ties with Qatar in June...
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Algeria says oil and gas exports down in double-digit rates in 2020F

Algeria's oil revenues collapsed in 2020, according to energy ministry figures released Sunday, exacerbating an economic crisis in the North African country which is heavily dependent on crude income. "The overall volume of hydrocarbon exports reached 82.2 million...
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Algerian president approves budget with a deficit valued at 14% of GDPF

Algerian President Abdelmadjid Tebboune on Thursday approved a 2021 budget which foresees a deficit of around 14 percent of GDP, the presidency said, as the oil-dependent country grapples with economic woes.  Algeria's economy has been clobbered by tumbling crude...
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Algeria: Another difficult year ahead, says MEA RiskF

Algeria ends the year 2020 with 1,878 critical incidents, down 35.4% from 2,909 in 2019, according to MEA Risk LLC. Critical incidents are defined as events that have an impact on the stability of a region, subregion within a country or an entire country. The figure...
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