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  1. Algeria Looks To Build On Modest Output Gains But Investors Remain Wary

    ...uthwest have been significantly delayed. A consortium of Spain’s Repsol, Sonatrach, Germany’s RWE Dea and Italy’s Edison waited more than two years before finally being given the green light to develop the Reggane North field on Blocks 351c and 352c in the Reggane Basin in November 2011. The project was or...

    Volume: 60
    Issue: 07
    Published at Fri, 17 Feb 2017

  2. Tunisia: Oil & Gas Slump, Tourism Collapse – Bonds To The Rescue?

    ...achieving a total of $2.85bn in external financing including $550mn via a sukuk. Tunisia’s economy has struggled since the 2011 Arab Spring. More democracy has meant more instability and a rise of Islamic extremism, with the key tourism and energy sectors badly hit. Tourism is a pillar of th...

    Volume: 60
    Issue: 07
    Published at Fri, 17 Feb 2017

  3. Egypt’s Economy: Looking Shaky Despite Cash Inflows

    ...nth earlier, the highest level since 2011 (see chart). The central bank says post-devaluation some $11.7bn of foreign currency has flowed into Egyptian banks as well as investment in the local stock market and treasury bills, boosting forex reserves to six months’ import cover. The pound has edged hi...

    Volume: 60
    Issue: 07
    Published at Fri, 17 Feb 2017