A $22 Billion Solar Plan That Could Redefine Algeria’s Economy For entrepreneurs, this is not just about state-led projects. The plan includes public-private partnerships (PPPs), tax incentives for green tech firms, and a new renewable energy fund to attract foreign and diaspora investment. Analysts at Algeria’s National Agency for Renewable Energy (ANER) estimate that $10 … Read more
Step 1: Register your business before approaching a bank Mistake #1: Assuming a “provisional” account will suffice Some entrepreneurs try to use a personal account for business transactions. Banks may block this if they detect commercial activity. The Caisse de Compensation (CASNOS) and tax authorities cross-reference accounts. A dedicated corporate account is mandatory for VAT … Read more
A French industrial giant bets on Tunisia’s manufacturing edge Eurostat Group, a French leader in electrostatic discharge (ESD) protection equipment for electronics, has just opened a 1,500 m² production facility in Tunis. The plant marks a strategic expansion for the company, which specializes in thermoforming, mold machining, and assembly of ESD solutions. These products are … Read more
Algeria’s banks are rolling out their most aggressive financing push in years, targeting entrepreneurs with loans for everything from electric scooters to export-ready factories. With demand for credit surging ahead of the new social year, founders and small business owners now have unprecedented access to capital—but only if they act fast. Loans for Locally Made … Read more
“`markdown ## SMART TUNISIE’s Dominance Masking a Broader Market Slowdown The Tunisian stock market closed Tuesday with a subdued performance, as the benchmark Tunindex slipped 0.20% to 19,082.15 points—despite a trading volume of 12.8 million dinars, well above average. The session was marked by three block transactions in SMART TUNISIE, totaling 3.4 million dinars, a … Read more
Algeria’s Economy Still Struggles Under Lingering Restrictions While Syria’s recent sanctions lift has triggered a surge in foreign investment, Algeria remains trapped in a paradox: a country with vast resources but persistent bureaucratic hurdles and lingering international caution. Unlike Syria, which faced a near-total financial blockade for decades, Algeria’s restrictions—though less severe—have discouraged large-scale foreign … Read more
Confirm eligibility and residency requirements Diaspora investors must first verify if they qualify under Algeria’s foreign investment laws. The Law on Foreign Investment (Law No. 12-239) allows non-residents to establish businesses, but certain sectors (e.g., agriculture, energy) may have additional restrictions. Residency is not strictly required, but some procedures (like tax registration) may need a … Read more
Saudi Arabia’s Civil Defense triggered emergency alerts in Abha and Khamis Mushait on Sunday, warning of an unspecified “potential danger” before declaring the threat had passed. The warnings followed similar alerts in the same regions just a day earlier, raising questions about the kingdom’s border security amid escalating violence in neighboring Yemen. For Algerian entrepreneurs … Read more
A fuel hub in flames For Algeria, this is more than a distant geopolitical shock. The country imports around 20% of its refined fuel needs from Saudi Arabia, particularly during peak demand seasons. The attacks come as Algeria’s domestic refining capacity—long strained by underinvestment—struggles to meet demand. SONATRACH, the state oil giant, has repeatedly warned … Read more
Saudi Crown Prince Mohammed bin Salman’s meeting with US Central Command chief Adm. Brad Cooper in Jeddah last week sent a clear message: the kingdom’s security concerns—especially after recent Houthi attacks—are pushing Riyadh closer to Washington for military support. The talks came as drone strikes on Saudi energy infrastructure forced the temporary shutdown of the … Read more