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Maghreb Confidential /Archives

Archive n° 721 - 12/15/2005

Gaelle Arenson

NULL

Editor in Chief

Morocco Opens Arms to UAE Investors

Guest of honor at a high-powered investment conference in Rabat on Dec. 1-2, the United Arab Emirates feels pretty much at home in Morocco at the moment. (...) [321 words] [$4.7]

ALGERIA

Algeria : Bank Controls Slipping?

Two fraud cases involving DR30 billion at the BNA bank and DR15 billion at BADR were uncovered. Algeria fears this can only put off foreign banks. (...)

algiers

Sonatrach Seeks Partner for Tassili Airlines

Scheduled for November, the delivery of two Airbus A-320 aircraft for the carrier Tassili Airlines was put back. (...) [65 words] [$1.5]

Wink Global Ventures Plants Flag in Algeria

The American engineering and construction company Wink Global Ventures, which is based in Louisiana, is to open a representation office in Algeria in the hope of picking up a lot of contracts under the government’s program to build one million housing units. (...) [118 words] [$1.5]

Itochu Eyes Roads and Car Sectors

Japan’s Itochu, which is already involved in desalination and oil projects in Algeria, is seeking to invest in new areas. (...) [61 words] [$1.5]

rabat

New Military Upgrade Contracts

Paris and Rabat are expected to shortly sign new contracts for the upgrade of French military equipment sold to Morocco between 1975-82. (...) [91 words] [$1.5]

Altadis on Pre-Deregulation Investment Spree

The Spanish-French tobacco group Altadis, which acquired 80% of Morocco’s Regie des Tabacs in 2003, is investing a lot of money to ensure that it finds itself in pole position when the market is deregulated in 2008. (...) [97 words] [$1.5]

A Bid to Spur Local Tourism

After putting out a tender, Morocco’s tourism has chosen three national operators to offer attractive tourism facilities for Moroccan holiday-makers. (...) [95 words] [$1.5]

tunis

El Karoui Drops in on Homeland

Hakim El Karoui, a Tunisian-born technical adviser to French finance minister Thierry Breton and a nephew of both Hamed el Karoui, former Tunisian prime minister and now vice-president of the ruling RCD party, and Ahmed Ben Salah, a former finance minister under Habib Bourguiba, spent a few hours in Tunis on Dec. (...) [143 words] [$1.5]

Pick-Up Truck Market in Overdrive

Long the market leader in the assembly of pick-up vehicles in Tunisia, Altrouss, which specializes in the Isuzu make, is being given a run for its money by other groups. (...) [125 words] [$1.5]

ECONOMICS/BUSINESS


	ALGERIA/FRANCE
	Aresys
	Aresys (France) has won a contract worth EUR 500,000 from the Algerian security agency DGSN to supply 200 telegraphic transmission units that can be operated by portable computers. (...) [46 words] [$1.5]


	ALGERIA
	Endimed
	Endimed, the Entreprise Nationale Algerienne de Distribution de Medicaments, plans to sell off all of its 154 pharmaceutical stores in the country. (...) [23 words] [FREE]


	ALGERIA/CANADA
	Algerienne des Eaux
	Algerienne des Eaux has awarded a contract worth over EUR1 million to the Canadian consultancy RSW International to supervise and monitor work in constructing a treatment plant for drinking water at Oued Athmania in the Mila region in eastern Algeria. (...) [41 words] [FREE]


	ALGERIA/FRANCE
	Ineum Consulting
	Ineum Consulting, a French firm, is to assist Algeria’s finance ministry in a World Bank-financed program to modernize its fiscal services. (...) [22 words] [FREE]


	LIBYA
	Global Oil Tools Libya
	Global Oil Tools Libya, an oil services affiliate of the American Global Oil Tools group, a partner of the Libyan American Corporation (Lyamec), is to set up shop in the Libyan free trade zone of Misurate following a green light by Libya’s parliament on Dec. (...) [48 words] [$1.5]


	TUNISIA
	Chakira
	Chakira, a Tunisian group that operates in Morocco, Egypt, Portugal and Malaysia, is going to invest in Romania, in a plant to build cables for the power, telephone and automotive industries. (...) [32 words] [FREE]


	ALGERIA
	Razel
	Razel and SNC Lavalin have been contracted by Agence Nationale Algerienne des Barrages, to build the first section of a protect to transfer water from the Koudiat Acerdoune dam in central Algeria. (...) [40 words] [FREE]


	MOROCCO
	Visa International
	Visa International, the global electronic payments group, is to open a representative office in Morocco as a springboard to build up its business throughout all of North Africa. (...) [29 words] [FREE]

WHO'S WHO


	TUNISIA
	Youssef Alouane
	. A former director of the El Manar University in Tunis, Youssef Alouane, has been named president of the “Conseil Superieur de Communication,” an organization set up by the government to see to “political pluralism in the media. (...) [61 words] [$1.5]


	TUNISIA
	Mohamed Driss
	Businessman Mohamed Driss, who has been at odds for years with the management of the Banque Internationale Arabe de Tunisie (BIAT), has sold off the 8. (...) [77 words] [$1.5]


	LIBYA
	Ahmed Ibrahim
	The speaker of Libya’s revolutionary committee (Parliament), Ahmed Ibrahim, has been ordered by Muammar Khadafi to stop picking on prime minister Shukri Ghanem who is working to eliminate some of revolutionary committees’ privileges. (...) [163 words] [$1.5]