Business & Economy Bound

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...

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...

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...

As the coronavirus pandemic continues to weigh on global oil demand, the OPEC oil producers' club on Monday began a meeting in which they are expected to decide on an extension of production cuts. "2020 continues to be a year of immense challenges caused by the...