Archives n°765 du 30/11/2006 @Maghreb Confidential

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Maghreb Confidential /Archives

Archive n° 765 - 11/30/2006

Gaelle Arenson

TUNISIA

Editor in Chief

Feminine Touch to Employers’ Group

The UTICA employers federation has undergone a major shake-up. Twenty new faces appeared on its panels at the organization’s 14th congress on Nov. (...) [316 words] [$7]

TUNISIA

Tunisia: Capital Flight

The gap between the official and black market rates for the currency has widened since last year, reaching 4-5%. Some view this as a sign of new capital flight. (...)

algiers

Difficult Days for Khelil

Energy minister Chakib Khelil experienced a pretty rough week. (...) [110 words] [$2,1]

Guigou Sees Big

Speaking at a North Africa seminar at the Gide Loyrette Nouel law firm in Paris on Nov. (...) [119 words] [$2,1]

Orascom Bids for Lacom

Maghreb Confidential understands that Orascom is seeking to buy the stake of Egypt Telecom in the Lacom company that holds the only private license for fixed telephones in Algeria for the moment. (...) [43 words] [FREE]

rabat

Urban Security Groups Back in Action

De-activated in September following the dismissal of Hamidou Laanigri as boss of the DGSN security agency, the Groupements Urbain de la Surete (GUS) are back in service to fight a rise in insecurity in towns and cities. (...) [57 words] [$2,1]

Better Marks for Morocco from Capital Intelligence

Capital Intelligence, a rating agency for emerging markets, has altered its long term foreign currency rating for Morocco from BB to BB+. (...) [69 words] [$2,1]

Securite Sans Frontiere Sets Up Shop

Recent winner of two contracts from the Moroccan energy ministry to conduct security audits on industrial sites, the French firm Securite Sans Frontiers (SSF) is to open an affiliate in Rabat on Jan. (...) [123 words] [$2,1]

tunis

Central Bank Re-Activates “Compulsory Reserve”

The Banque Centrale de Tunisie moved on Nov. 28 to re-activate the “compulsory reserve,” an old monetary mechanism to reduce the amount of bank liquidity. (...) [80 words] [$2,1]

M’Hiri’s New Advisers

President Zine el Abedine Ben Ali’s communications adviser, Mahmoud M’hiri, who took over the post from Abdelwahab Abdallah, is hiring an increasing number of media professionals to flesh out his staff. (...) [115 words] [$2,1]

Hmila Victim of Fraud by Tunisair Staff?

The duty free company Hmila recently lodged a complaint against Tunisair after DR 15,000 worth of duty free transactions were made with outdated bank cards. (...) [45 words] [FREE]

ECONOMICS/BUSINESS


	ALGERIA
	Emaar
	Emaar has just opened an office in Algiers. The United Arab Emirates firm has submitted a plan to the government to build a tourism and real estate complex at Zeralda. (...) [30 words] [FREE]


	LIBYA
	Ranhill Bhd
	Ranhill Bhd, a Malaysian engineering and construction company, has won a $413 million contract to build 1,000 housing units at Tajoura to the east of Tripoli in Libya. (...) [28 words] [FREE]


	MOROCCO
	Attijari Invest
	Attijari Invest, an investment arm of Attijariwafabank in Morocco has set up an equity fund worth EUR 224 million for investment in the tourism sector. (...) [25 words] [FREE]


	MOROCCO
	CMS Construcciones
	CMS Construcciones (Spain) is to spend EUR 34 million on building several thousand housing units in Morocco in coming years. (...) [19 words] [FREE]


	MOROCCO
	Fipar-Holding
	Fipar-Holding, a subsidiary of Morocco’s Caisse de Depot et de Gestion, is to acquire a 9% stake in Veolia Water Maroc, affiliate of France’s Veolia Environnement. (...) [26 words] [FREE]


	LIBYA
	Phoenica Group Libya
	Phoenica Group Libya, a Libyan-American consultancy headed by Ryad Senoussi, said it had net earnings of $34 million in 2006 as opposed to $12 million the previous year. (...) [29 words] [FREE]


	ALGERIA
	Sonatrach
	Sonatrach (Algeria) plans to set up a new affiliate to export gas directly to Italy. (...) [32 words] [FREE]


	MOROCCO
	Al Qudra Holding Company
	Al Qudra Holding Company (UAE) has signed a letter of intent with SOMED to create a joint venture to produce olive oil in Morocco. (...) [51 words] [$2,1]


	ALGERIA
	Herbert Smith
	Herbert Smith, Deloitte and the European Chamber of Commerce are organizing a seminar in Paris on Dec. (...) [26 words] [FREE]

WHO'S WHO


	LIBYA
	Hassouna Chaouche
	The spokesman for Libya’s foreign ministry, Hassouna Chaouche, has been tasked with launching a new, Cairo-based satellite television channel destined for the Arab world. (...) [97 words] [$2,1]


	UNITED KINGDOM/TUNISIA
	Nadhmi Auchi
	The British millionaire of Iraqi origin, Nadhmi Auchi, celebrated the 10th anniversary of the “Royal Hammamet,” the first establishment in his hotel chain, at Hammamet on Nov. (...) [98 words] [$2,1]


	FRANCE/LIBYA
	Ali Triki
	The Africa adviser to Muammar Kadhafi, Ali Triki, is being tipped as new ambassador to France in succession to the outgoing envoy, Mohamed Harari, according to our sources. (...) [29 words] [FREE]


	FRANCE/TUNISIA
	Radhi Meddeb
	The boss of the Comete Engineering consultancy, Radhi Meddeb, who spoke during the North Africa seminar at the Gide Loyrette Nouel law firm in Paris on Nov. (...) [71 words] [$2,1]


	FRANCE/TUNISIA
	Florence Bouyala Imbert
	Florence Bouyala Imbert has been named deputy head of the trade mission at the French embassy in Tunis in succession to Pierre Sella. (...) [24 words] [FREE]