Archives n°766 du 07/12/2006 @Maghreb Confidential

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Maghreb Confidential /Archives

Archive n° 766 - 12/07/2006

Gaelle Arenson

MAGHREB

Editor in Chief

North African Stock Exchanges in Doldrums

“Unlike other Arab markets, stock exchanges in North Africa have failed to profit from low interest rates on capital markets and surges in liquidity generated by the re-cycling of petrodollars,” according to a report by Morocco’s finance ministry. (...) [329 words] [$7]

MOROCCO

Morocco : Labor Dispute in Casablanca Port

The governement has failed to reach an agreement with stevedores concerning reforms in Casablanca port and a strike could be called. (...)

algiers

Counterfeiting : Multinationals Take Action

Multinational corporations operating in Algeria have all declared war on the counterfeiting of their goods. (...) [71 words] [$2,1]

Auchan to Open 10 Hyper-Markets

France’s Auchan has decided to build 10 hyper-markets in Algeria’s biggest cities. (...) [78 words] [$2,1]

New Algerian-Tunisian Cement Works

A new firm named Societe Tuniso-Algerienne de Ciment et Derives (SOTACID) has been set up with a registered capital of DR500,000 (EUR 300,000). (...) [97 words] [$2,1]

rabat

Moroccan Central Bank Joins Islamic Financial Services Board

The Moroccan authorities claim to be strongly opposed to Islamic banks operating in the country. (...) [75 words] [$2,1]

Two Firms Win Industrial Survey Contract

Upline Securities and Agro-Concept have won a tender to conduct a survey on key economic sectors in Casablanca. (...) [74 words] [$2,1]

tunis

Ben Ali Wants to Inaugurate Enfidha Airport Before 2009

The companies that have been short-listed to build and manage the Enfidha airport in Tunisia have been told the winner will need to complete the facility before the presidential elections in 2009. (...) [63 words] [$2,1]

A Leg-Up for Tunisair

The government plans to hand Tunisair an annual subsidy of DR20 million (EUR 13 million) to help it to deploy a strategy to deal with competition from low-cost airlines during Tunisia’s next five-year economic plan (2007-2011). (...) [71 words] [$2,1]

Plan for New Union

A former leading member of the Union Generale de Travailleurs Tunisiens (UGTT) between 1975-97, Habib Gueza is planning to set up a new union after trying in vain to introduce reforms at his old organization. (...) [109 words] [$2,1]

Calyon Gets the Push on Nouvelair-Karthago Alliance

The French bank Calyon was commissioned a few weeks ago to advise on a planned merger between NouvelAir and Karthago Airlines, carriers owned respectively by the TTS group headed by Aziz Milad and Belhassen Trabelsi, brother-in-law of president Ben Ali. (...) [65 words] [$2,1]

ECONOMICS/BUSINESS


	BRAZIL/LIBYA
	Embraer
	Embraer, the Brazilian aircraft constructor, is to deliver an Embraer 170 airliner to Sirte Oil Company in Libya in March. (...) [20 words] [FREE]


	LIBYA
	Arab Banking Corporation
	Arab Banking Corporation has penned a memorandum of understanding with Libya’s National Oil Corporation to provide expertise on a certain number of oil projects. (...) [24 words] [FREE]


	ARGENTINA/LIBYA
	INVAP
	INVAP, a state-owned Argentine company, won a contract put out to tender by the International Atomic Energy Agency to modernize the control system of Libya’s only nuclear reactor, a 10 MW research facility built in the 1970s in the Tajoura region. (...) [64 words] [$2,1]


	UNITED KINGDOM/ALGERIA
	John Wood Group Plc
	John Wood Group Plc, a Scottish energy services company, has acquired a 55% holding in the Algerian services and maintenance company Somias SPA, an affiliate of state-owned phosphates producer Asmidal. (...) [31 words] [FREE]


	CHINA/ALGERIA
	CITIC
	CITIC and CRCC, two Chinese firms involved in Algeria’s huge, $10 billion east-west motorway project, sent their senior management to Algeria last week. (...) [43 words] [FREE]


	ALGERIA/EUROPE
	Finalep
	Finalep, an Algerian-European investment concern and the Italian financial services firm Simest signed a framework agreement to cooperate in helping small and medium sized companies to build up their operations. (...) [30 words] [FREE]


	ALGERIA
	Danone
	Danone is seeking to expand in Algeria and has set up two new companies, Danone Tessala Boissons and Danone Biscuit Algerie. (...) [21 words] [FREE]

WHO'S WHO


	LIBYA/EUROPEAN UNION
	Ramdan Barq
	The chief of the Europe department at Libya’s foreign ministry, Ramdan Barq, led a delegation made up of officials from the country’s leading government departments to Brussels on Dec. (...) [74 words] [$2,1]


	LIBYA
	Mouatassim Kadhafi
	Somewhat discreet up to now, Mouatassim Kadhafi, son of Libya’s leader, is increasingly visible in ruling circles. (...) [47 words] [$2,1]


	FRANCE/LIBYA
	Ahmed Sherif
	A Libyan imam, Ahmed Sherif, met with French interior minister Nicolas Sarkozy last week in Paris in an attempt to resolve the question of visas for Libyan religious leaders. (...) [70 words] [$2,1]


	TUNISIA/FRANCE
	Mustapha Ben Jaafar
	The president of the opposition party Forum Democratique pour le Travail et les Libertes (FDTL), Mustapha Ben Jaafar, was summoned urgently to the French interior ministry on Dec. (...) [87 words] [$2,1]


	TUNISIA
	Hachemi Ammar
	The founder of the electronic journal Webmanagercenter, Hachemi Ammar, is planning to launch a North African version of his siteAmmar’s aim is to look for investment opportunities in the region. (...) [51 words] [$2,1]