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Morocco - Foreign Trade
Nov. '00 Foreign Exchange Figures

Foreign trade bureau data show an increase by 12.1% of Morocco’s foreign transactions at the end of October 2000, reaching DH 181.4 billion. This increase is the consequence of increased imports which rose 16.2% against a 6.1% rise in export.
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Algeria - Energy
Sonatrach Announces Record Breaking Revenue

A top official of the Algerian oil and gas company Sonatrach reported that sales for the year 2000 reached a record breaking $22 billion. The figure was announced by Sonatrach’s vice president of strategy and planning during a 2 day conference organized last week by London-based CWC.
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During his recent trip to India, Bouteflika is said to have lobbied in favor of the sale of the Algerian state company Alfasid to steel giant Ispat International. [continue here]
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Morocco's poor economic performance in the year 2000 has also affected the automobile sector. According to the data published by AIVAM (Association des Importateurs de Véhicules Automobiles Montés), unit -sales in the two segments of the automobile market, personal and commercial segments, dropped 1.1% in 2000 with 42,227 units sold as of the end of December 2000 against 42,716 units in 1999. [continue here]
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The CEO of of Finance.com Othman Benjelloun decided last March (2000) to reorganize the Insurance segment of the company's holding under a 2+1 strategy. Nine months later, the merger has been established. The new entity, which was named Al-Wataniya has DH 1.5 billion turnover and employs 580 persons. The teams of both companies were gathered in the same location at the F.A.R Avenue.
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The Algerian oil and gas company Sonatrach has signed an agreement with France’s GDF and Malaysia’s Petronas to search for oil and gas and develop any future findings within their joint venture. [continue here]
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Algeria’s stock exchange watchdog, the Commission d’organisation et de surveillance des opérations boursières (Cosob) signed in Paris an important cooperation agreement with its French counterpart the Commission des Opérations de Bourse or COB. The agreement calls for assistance from the French side on stock exchange monitoring techniques, law enforcement, and training. [continue here]
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Investing

During the first half of the year 2000, Lafarge’s sales volume rose 10.3% to 1.47 million tons thanks to the 19% increase of sales of its subsidiary Lafarge Cementos located in the north of Morocco. [continue here]
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A Parliamentary inquiry into the finances of Crédit Immobilier et Hôtelier (CIH) has harshly criticized the former directors of ....
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Algeria - Industry/Markets

When presenting the newly package of the Isis detergent in a gathering with the press, executives of the Algerian-German company Henkel-Enad Algerie said they will integrate into their group the Chelghoum El-Aid production plant in early 2002. [continue here]
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