Archives n°811 du 29/11/2007 @Maghreb Confidential

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Maghreb Confidential /Archives

Archive n° 811 - 11/29/2007

Gaelle Arenson

TUNISIA

Editor in Chief

Family Firms Increase Hold on Economy

Tunisia’s rich families are tightening their grip on the economy and developing their businesses in neighbouring countries. The three national champions are Poulina, Mabrouk and UTIC (Ulysse Trading and Industrial Companies). (...) [307 words] [$7]

MOROCCO

Morocco : Subsidized goods too expensive

Energy minister Amina Benkhadra wants to modify subsidies for basic goods because they are blasting a hole in the country’s budget. (...)

algiers

Government Stalled

Rather like its president Abdelaziz Bouteflika, who has “officially” recovered from his illness, Algeria appears to be moving in slow motion. (...) [170 words] [$2,1]

Elsecom Motors Boss Behind Bars

Abderrahmane Achaibou, chief executive of the Elsecom Motors firm that holds the concession for Ford and Kia in Algeria has been jailed in a case connected to the acquisition of ambulances by the civil protection service. (...) [98 words] [$2,1]

rabat

Medi Capital Bank to See to African Leaders’ Accounts in U

Othman Benjelloun last week inaugurated his new establishment, Medi Capital Bank in London that aims to “manage” the money of African leaders. (...) [88 words] [$2,1]

2nd Gulfinvest Forum in 2008

Investors from the Gulf countries met in Morocco on Nov. (...) [125 words] [$2,1]

Societe Generale Reduces Stake in Marocaine Vie

Societe Generale Marocaine de Banques (SGMB/Sogecap (Groupe SG) has sold a significant part of its stake in the La Marocaine Vie insurance company to Banque Populaires du Maroc (BP), turning over 43. (...) [119 words] [$2,1]

tunis

Tunisia-US Free Trade Agreement

Washington has decided to resume talks on a free trade agreement with Tunisia. (...) [49 words] [$2,1]

Islets for Sale

The Tunisian government plans to sell three to four tiny islands to foreign investors. (...) [60 words] [$2,1]

International Investment Bank Seeks Opportunities

The Bahrain-based merchant bank International Investment Bank (IIB) announced on Nov. (...) [29 words] [FREE]

ECONOMICS/BUSINESS


	LIBYA
	Hyundai Engineering
	Hyundai Engineering (South Korea) has landed a USD 250 million contract in Libya to build a gas turbine for the future power plant at Sarir south of Benghazi. (...) [27 words] [FREE]


	LIBYA
	Sotetel
	Sotetel (Tunisia) has signed two contracts in Libya to carry out civil engineering work and install optic fibre cables. (...) [28 words] [FREE]


	ALGERIA
	BioMerieux
	BioMerieux (France), a firm specializing in public health, is to inaugurate an affiliate in Algeria early next year. (...) [34 words] [FREE]


	TUNISIA
	Amen Bank
	Amen Bank, the second-ranking private bank in Tunisia, is thinking of creating a new bank in Algiers in partnership with foreign investors. (...) [32 words] [FREE]


	MOROCCO
	ORSYP
	ORSYP, a French information services company, is opening a subsidiary in Morocco that will be run by Eric Honegger. (...) [37 words] [FREE]


	NORTH AFRICA
	Experian Holding France
	Experian Holding France, the French affiliate of Britain’s Experian group, has won the tender by Algeria’s Banque Al Maghrib to set up a risk management unit to facilitate the granting of loans. (...) [32 words] [FREE]


	MOROCCO
	Salafin
	Salafin, the household loan unit of Morocco’s BMCE, is to float on the Casablanca stock exchange on Dec. (...) [19 words] [FREE]


	TUNISIA
	Italcementi
	Italcementi, an Italian cement works, has received a green light from Tunisia to build a plant in Dahmani (the Kef region north of Tunis). (...) [32 words] [FREE]


	MOROCCO
	Maroc Invest
	Maroc Invest could buy into the dairy cooperative Saiss Lat. (...) [26 words] [FREE]

WHO'S WHO


	FRANCE/TUNISIA
	Agnes Levallois
	Is the head of the Arab desk at the international French TV company France 24 persona non grata in Tunisia ? (...) [207 words] [$2,1]


	ALGERIA
	Abdellatif Bettayed
	A mathematics researcher and professor at the University of Dundee in the U. (...) [95 words] [$2,1]


	NORTH AFRICA
	Mat Karlsson
	A former Swedish diplomatic adviser, Mats Karlsson, who joined the World Bank in 1999 and was the institution’s director for Burkina Faso, Ghana, Guinea, Liberia and Sierra Leone up until now, has replaced Theodore Ahlers as chief of the Bank’s North Africa department (Algeria, Libya, Malta, Morocco and Tunisia). (...) [50 words] [$2,1]