For decades, Algeria has been decidedly non-interventionist, a stance that has helped it develop relationships with countries around the world, from Cuba to Angola to China. From the 1960s until the mid-1980s, its foreign policy was founded on the principles of national sovereignty and freedom from external influence. As a result, Algeria became a proponent of increased cooperation between…
In spite of the fact that Algeria has some of the largest oil and gas reserves in Africa, is among the continent’s top-five producers in oil and is the single biggest gas producer, the age of its upstream facilities is beginning to show, with maturing production levels. Output for both oil and gas has slowed steadily over the past decade, which has exacerbated the impact that the drop in global prices…
Alliance Assurances was established in December 2004 by a consortium of Algerian investors with an initial capital of AD500m (€4.1m). However, Alliance Assurances only started effective operations in 2006. In 2007 revenue increased by 178% compared to the previous year. The sharp rise in revenue was due to the launch of a commercial development programme, which led to the creation of Algeria…
Biopharm is a pharmaceutical company founded in early 1990. In October 1991 the company began operations with the production of generic drugs. To diversify and develop its business Biopharm started to gradually adapt its organisational structure by creating five subsidiary companies. Besides the industrial production of drugs, which remains the core activity of the initial company, Biopharm SPA, in…
Although the Algerian financial sector’s coverage rates remain healthy – particularly by emerging market standards – the dramatic drop in hydrocarbons receipts since 2014 has brought a swift end to more than a decade of abundant liquidity. As broad money growth contracted to near zero in 2015, banks saw their liquid assets fall to 27.2% of total assets, down from 38% in 2014, according…
The Entreprise de Gestion Hôtelière El Aurassi (EGH El Aurassi) is a hotel management firm, with its headquarters in the capital city of Algiers. The Hôtel El Aurassi is the flagship hotel of the firm and one of four hotels in the EGH El Aurassi portfolio. The other three hotels in the management company’s portfolio include Hôtel Rym in Beni Abess, Hôtel El Boustene in Menea and Hôtel El Mehri…
With among the largest gas reserves in the world, Algeria is set to emerge as one of the largest international producers of phosphates in the coming years. Together with cheap energy prices and its close proximity to a range of markets, these factors make the country ideally suited to large-scale fertiliser production and export. (https://thebiem.com) Domestic production has been ramping up…
Nouvelle Conserverie Algerienne (New Algerian Canning, NCA) was founded in 1966 in the wake of the Algerian revolution as a food processing and canning company. The company’s initial product lines included jams, tomato paste as well as chilli paste in the form of harissa. Nearly two decades after beginning operation, NCA launched a new fruit juice business line under the iconic name of Rouiba…
The opportunity to invest in Algeria is greater than any time before. This unprecedented historical opportunity is, as per experts’ analysis, rooted in two main reasons. The first is the economic transition that Algeria has to undergo and the second is the country’s exceptional exponential demographic growth. The Algerian government has explicitly declared its intention to lessen its long-lasting…
SAIDAL was created after the acquisition of several factories located in the Algiers suburbs and the complete restructuring of the Central Pharmacy of Algeria in April 1982. Six years later the antibiotic complex located in Medea, designed by the National Company of Chemical Industries, was allocated to SAIDAL. Following the implementation of economic reforms after the 1988 October Riots, SAIDAL changed…
