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Maghreb Confidential /Archives

Archive n° 768 - 12/21/2006

Gaelle Arenson

ALGERIA/FRANCE

Editor in Chief

Algerian Bosses Display Wares at Quai

The French foreign ministry played host this week to leading Algerian businessmen representing high tech clusters in the car, pharmaceuticals and food and drink industries. (...) [253 words] [$4.7]

TUNISIA

Autumn Surprise for Tunisians

The government has announced an increase in taxes on airline tickets from DR 45 to DR 60 and that the price of gasoline is also shortly going to climb. (...)

algiers

Sugar War Looming

Isaad Rebrab’s Cevital group and the Blanky firm headed by El Hakim Cherfaoui are limbering up to compete in early 2007 to buy Algeria’s annual quota of sugar imported from the European Union which amounts to 150,000 tons. (...) [97 words] [$1.5]

Cheniere Energy Seeks LNG Deal Sonatrach

Cheniere Energy, an American company specializing in LNG terminals and headed by Charif Soukri, is seeking a partnership accord with Sonatrach regarding imports of LNG to the American market. (...) [82 words] [$1.5]

Investment Boom in Fertilizer

Three major fertilizer projects are currently underway in Algeria. The first, springing from a joint venture between state-owned Ferphos and the Ukrainian concern Ukrprom, involves construction of a unit at Arzew with a capacity of 2,000 tons per day. (...) [80 words] [$1.5]

rabat

RAM Widens African Operations

After planting its flag in Senegal, Mauritania and Gabon, Royal Air Maroc (RAM) is now thinking of setting up an operation in Congo-Brazzaville. (...) [149 words] [$1.5]

Indians Relocate in Morocco

Tata Consultancy Services (TCS), a branch of India’s Tata group that specializes in information technology, plans to open a unit employing 500 in Casablanca in January. (...) [64 words] [$1.5]

New Equity Fund for Attijariwafa

After starting up Agram Invest, an equity fund specializing in agriculture, Morocco’s Attijariwafa bank has launched a new infrastructure fund dubbed EMP Africa. (...) [125 words] [$1.5]

Chaabi Turns to the Stock Market

Long a family-run concern, the YNNA Holding company headed by businessman and legislator Miloud Chaabi plans to float several of its companies on the Casablanca stock exchange between now and the end of 2009. (...) [86 words] [$1.5]

tunis

Chinese Have a Penchant for Tunisian Goods

Two Tunisian agri-businesses companies have landed contracts in China. Socohuile, a firm headed by Tarak Fourati, has just exported the first shipment of its Chaal brand of table oil to China, where it was snapped up in record time. (...) [76 words] [$1.5]

ECONOMICS/BUSINESS


	TUNISIA/FRANCE
	Heineken
	Heineken is setting up operations in Tunisia. The Dutch brewery has acquired 49. (...) [23 words] [FREE]


	MOROCCO/UNITED STATES
	Minco
	Minco, an American firm that makes electronic components, is to build a plant at the technical center at Mohammed V airport in Morocco. (...) [23 words] [FREE]


	ALGERIA
	HSBC
	HSBC is to advise Sonatrach on finding foreign partners to help it build 10 huge petrochemical complexes at a cost of over USD10 billion. (...) [38 words] [FREE]


	FRANCE/MOROCCO
	Cegelec
	Cegelec (France) has won two EUR20 million contracts from the railway company Office National Marocain des Chemins de Fer to build sub-stations and to electrify lines. (...) [26 words] [FREE]


	SPAIN/MOROCCO
	Fadesa
	Fadesa (Spain) has landed a contract to fit out the resort areas of Smir and Laguna Smir in Morocco. (...) [19 words] [FREE]


	FRANCE/MOROCCO
	AXA
	AXA is beefing up its presence in Morocco. The French insurance group is to buy the 49% stake that the royal family owns through its private holding concern ONA in AXA-ONA. (...) [41 words] [FREE]


	ALGERIA
	Citibank
	Citibank and five other establishments – Natexis-Banque Populaire, Societe Generale, BNP Paribas, Credit Agricole and Santander – have been pre-qualified to bid in the privatisation of Credit Populaire Algerien. (...) [29 words] [FREE]


	TUNISIA
	ABC International Bank
	ABC International Bank and not ABC Tunis, as we wrongly indicated in our last issue, has been retained as financial adviser to the consortium Hochtief/SNC Lavalin/Aeroport de Nice competing to build the new Enfidha airport in Tunisia. (...) [37 words] [FREE]

WHO'S WHO


	ALGERIA
	Tayeb Ezraimi
	The boss of the private group Semouleries Industrielles de la Mitidja (SIM), Tayeb Ezraimi, accompanied Algerian investment promotion minister Abdelhamid Temmar to Paris to meet with leading business figures at the French foreign ministry on Dec. (...) [102 words] [$1.5]


	FRANCE/MAGHREB
	Dominique Baudis
	The president of France’s Conseil Superieur de l’Audiovisuel (CSA), Dominique Baudis, is to succeed Yves Guena as president of the Arab World Institute in Paris at the end of January. (...) [137 words] [$1.5]


	FRANCE/TUNISIA
	Jean-Pierre Reynards
	A partner in the architectural firm L’Atelier and brother of Belgium’s first deputy prime minister Didier Reynards, Jean-Pierre Reynards has just been in Tunisia to find a plot of land for the Vinci group that wants to build a hotel in the country. (...) [67 words] [$1.5]