Archives n°857 du 27/11/2008 @Maghreb Confidential

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Maghreb Confidential /Archives

Archive n° 857 - 11/27/2008

Gaelle Arenson

LIBYA

Editor in Chief

Crisis Throws Spanner into Libya's Major Projects

When oil prices were well above the USD 100 per barrel mark only recently, the Libyan government hatched a number of ambitious infrastructure projects. (...) [306 words] [$7]

FRANCE/TUNISIA

Paris-Tunis: New Legal Wrangle

President Zine El Abidine Ben Ali has been summoned to appear before a French court to testify in a case against a Tunisian diplomat accused of torture. (...)

algiers

British Turn on the Charm

Britain's minister of state for business, Gareth Thomas, will fly to Algeria next week to pump for business deals in non-oil sectors (BP, Shell and British Gas already operate in the country). (...) [95 words] [$2,1]

Sonatrach Sets Up Bank

With the restructuring of Algeria's banking industry stalled since the freeze on the privatization of CPA, the national oil company Sonatrach has created a bank to deal with the finances of its own staff. (...) [130 words] [$2,1]

Major Contract for General Electric

After landing a EUR 635 million contract in June for the construction of the Koudiet Eddraouch power plant, General Electric Energy has won an even bigger prize. (...) [103 words] [$2,1]

New Lease on Life for Farm Equipment Company

Listed as a "viable company" although it stopped producing goods in 2005, Algeria's Entreprise de Construction de Materiels Agricoles (CMA) at Sidi Bel Abbes is in talks on forming a partnership with Sampo-Rosenlew. (...) [103 words] [$2,1]

rabat

Wartsila Ventures into Western Sahara

Finland's Wartsila has boosted the capacity of the Dakhla power station in Western Sahara on behalf of the Office National Marocain de l’Electricite (ONE). (...) [162 words] [$2,1]

Tata Signs with Maroclear

Morocco's financial clearing house MAROCLEAR headed by Fathia Bennis, former head of the Office Marocain du Tourisme, is getting a face-lift in order to meet the increasingly sophisticated needs of the country’s financial operators. (...) [58 words] [$2,1]

French Firm in Back Office Outsourcing Deal

ATHIC, a French group run by Pascal Cochard which specializes in the dematerialization of transactions, has acquired Morocco’s SAGMA which has a 450-strong payroll. (...) [62 words] [$2,1]

tunis

Bricorama Opens Hypermarket…

France's Bricorama plans to inaugurate a hypermarket north of Tunis near the Geant super market (Mabrouk group). (...) [49 words] [$2,1]

ECONOMICS/BUSINESS


	LIBYA
	Technopromexport
	Technopromexport (Russia) plans to form a joint venture with Libyan African Investment Portfolio which currently manages assets worth USD 6. (...) [62 words] [$2,1]


	TUNISIA
	Porta Moda
	Porta Moda, a luxury real estate chain owned by Dubai Holding, is to establish itself in Tunisia. (...) [28 words] [FREE]


	ALGERIA
	UNI
	UNI, the Union Nationale des Investisseurs, has just been set up by Algerian businessman Abdelwahab Rahim who runs the Arcofina group. (...) [22 words] [FREE]


	ALGERIA
	Air Algerie
	Air Algerie, the national airline run by Abdelwahid Bouabdallah, is to set up three new subsidiaries to operate in the air cargo, maintenance and catering fields in early 2009. (...) [30 words] [FREE]


	ALGERIA
	Alstom
	Alstom,Thales, Schneider Electric, Bull and Societe Generale will take part in a presentation of French technologies in Algiers between Nov. (...) [37 words] [FREE]


	MOROCCO
	Genpact
	Genpact, an Indian company headed by Pramod Bhasin, is to open a new outsourcing business center in Morocco next year to target the French-speaking market. (...) [26 words] [FREE]


	ALGERIA
	Ozgun
	Ozgun (Turkey) has just won contracts in Algeria to build a twin-track line between Thenie and Bordj Bou Arrerida in the east, to upgrade the Thenia-Tizi Ouzou line in the center and add a line to the railway between the stations of El Affroun and El Khemis, also in the center. (...) [52 words] [$2,1]


	ALGERIA
	Nokia Siemens Network
	Nokia Siemens Network has penned an agreement to modernize the data base system of Orascom Telecom Algerie, operator of Djezzy. (...) [20 words] [FREE]

WHO'S WHO


	UNITED KINGDOM/TUNISIA
	Christopher O'Connor
	Britain has appointed Christopher O’Connor as its new envoy to Tunisia. (...) [77 words] [$2,1]


	UNITED KINGDOM/LIBYA
	Prince Andrew
	Prince Andrew (Duke of York) is organizing a business seminar in London on Dec. (...) [71 words] [$2,1]


	LIBYA
	Saad Mujber
	The former Libyan ambassador to Paris and deputy speaker in parliament for external relations, Saad Mujber, is to take up a former post he held as ambassador to Tehran. (...) [89 words] [$2,1]


	UNITED KINGDOM/MOROCCO
	Leslie Hounsome
	A n ex pilot for Ryanair, Leslie Hounsome, has signed an accord with the Office National Marocain des Aeroports. (...) [120 words] [$2,1]