Tag: finance

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HSBC in North Africa: Going Where the Money Is

In summer 2008, London-based HSBC, one of the world’s largest banking and financial services institutions decided to add Algeria to its list of emerging markets operations. Libya is likely next in line. The decision meant that as of August 2008, the giant bank entered the Algerian market where it launched what it called “a full-service bank.” But is it really a full-service bank with the goal of contributing to economic growth and development or is HSBC focused on international trade operations to enable the flow of money in and out of the country? ...
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Algeria to Slow Imports, Seeks to Reduce Credit Risk with New Finance Law Measures

The Algerian government enacted substantial changes in the country’s finance law, a move considered by many as drastic and severe. The changes were issued as part of Algeria’s mid-term complementary finance law for 2009. ...
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