Algeria’s recent oil and gas licensing tender, launched with high hopes to attract global investments, has drawn low interest with no US company bidding. This has pushed President Tebboune to take matters into his own hands reaching out to the two US oil giants: Chevron and Exxon Mobil. The two companies sent senior officials- not […]
As a state entertaining a rentier economy, Algeria has long sought to gain influence in Africa and the Arab region through cash handouts during the era of expensive oil. After years of diplomatic lethargy during the Bouteflika era, the recycled military regime tries the same recipe, yet money has run out. Algeria first donated 100 […]
Moroccan insurance and real-estate company Holmarcom seeks to buy stakes held by Paris-based Credit Agricole in its Moroccan branch Credit du Maroc. In a statement, Holmarcom said it has started negotiations but added that there is no “uncertainty”. The deal, if completed, will bolster Holmarcom standing as one of leading insurance companies in the country […]
