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WEEK
ENDED APRIL 22, 2001 - 105th. ISSUE
Algeria-EU
ALGERIA
-
EU PREPARE
TO SIGN FREE TRADE DEAL
Algeria and the European
Union may sign a free trade and partnership agreement as
early as July 2001. Reliable sources in Brussels, Belgium
say the Algerian president Abdelaziz Bouteflika will be
present during the signing ceremony which will be initiated
by the Belgian government after it takes over the EU presidency
on July 1, 2001.
[continue
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 Morocco
-
Foreign Investment
Mourad Cherif, Targeting
the World's Most Powerful Investors
Mourad
Cherif, the chairman of the ONA Group, Morocco's biggest private
conglomerate, has been travelling to western business centers
to promote his company and to lure investors into Morocco.
Gulf countries are also the target of a charm offensive. The
recent visit to Morocco of a trade mission from the United
Arab Emirates led by the son of Sheik Zayed has energized
the Moroccans who are now knocking directly at investors doors
to sell them the Morocco destination.
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 Algeria
- Gas Marketing
Sonatrach
and Spain's Gas Natural Amend their 1975
Agreement
Algeria's
Sonatrach and the Spanish gas operator Gas Natural
changed some of the terms of their 1975 liquefied
natural gas sales and marketing agreement when Gas
Natural was known as Enagas.
[continue
here]
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Morocco
- Fisheries
Morocco regrets
Fishler's charges of Morocco's inflexibility in
fisheries negotiations
Said Chbaatou, the Moroccan
fisheries minister, said he regretted statements made
by EU commissioner for fisheries and agriculture, Franz
Fishler, accusing Morocco of inflexibility in negotiations
for a new fisheries agreement.
[continue
here]
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Algeria
- Privatization
Six
Firms to Compete for Air Algerie Privatization
Project
BNP-Paribas
and Rotschild of France, Tele Business of Portugal
and KPMG and Booz Allen & Hamilton of the United
States are in the short list of consultants competing
to pilot the partial privatization of the Algerian
airline carrier Air Algerie.
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Morocco
- Indicators
Latest foreign exchange
figures - Trade Deficit Up 90%
Preliminary figures
from the foreign trade bureau show Morocco's foreign
transactions were up 5.5% to DH 16.73 billion as of
January 2001 compared to the same period a year ago.
The month of January was particularly characterized
by an important rise of imports against and noticeable
drop of exports, causing a further aggravation of
Morocco's trade deficit.
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Tunisia
- Energy
Eurogas
to Drill in Tunisia's Bazma Block
Calgary-based
Eurogas Corporation announced that it is preparing
to drill a well on its Bazma block in southern Tunisia.
[continue
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Algeria
- Privatization/Railroad Sector
Siemens to
Acquire Stake in Rail Servicing Firm Estel
International
firm Siemens will acquire a stake in the Algerian
railroad signaling firm Estel, a subsidiary of the
railroad authority SNTF.
[continue
here][non-paying
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More
on railroad privatization
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Morocco
- Financing
AfDB
approves $100 million loan
The Board of
Directors of the African Development Bank (AfDB) approved
a $100 million loan to finance the Information Infrastructure
Sector Development Program in Morocco.
[continue
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Algeria
- Oil Industry
Stroystransgaz and
Cosider & Brown and Root
Condor in a Pipeline Project
Stroystransgaz
of Russia and Cosider & Brown and Root Condor
have signed separate agreements last week with oil
company Sonatrach concerning the OZ2 pipe line project
linking Haoud El-Hamra to Arzew in the northwest of
the country.
[continue
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Morocco
- Investing
MSCI
Revises Morocco Index Constituents, Includes Four
New Securities
Morgan Stanley
Capital International (MSCI) announced adjustments
to the Morocco index in preparation for Morocco's
inclusion in the Emerging Markets Fee (EMF) index
series on May 31, 2001.
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Algeria
- Business
Emerging
Private Company Introduces Unilever in Algeria
Foods, home
and personal care giant Unilever, known for top
brands like Dove, Lipton tea, Brayers ice cream,
Ragu soup, and an impressive list of other brands,
is to market its products in Algeria through a partnership
with private company Cevital. Cevital is owned and
managed by millionaire Issaad Rebrab, a businessman
whose personal fortune is estimated to be worth
$130 million.
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Algeria
- Defense
Russia Sells Military
Systems and Services to Algeria
The Russian shipbuilding
industry is lobbying to gain business deals from Algeria.
According to the Russian news agency Itar-Tass, the
Almaz shipbuilding firm is preparing to offer Algeria
the repair and modernization of ships of the Algerian
Navy following the recent visit to St. Petersburg of
the President Abdelaziz Bouteflika.
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here][non-paying
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Tunisia
- Politics
MDS conference
dissolves into factionalism
The national conference
of the legal opposition party Mouvement des Démocrates
Socialistes (MDS), which was intended to reconcile the
party's factions, degenerated into bitter wrangling
after Secretary General Ismail Boulahya told delegates
that the annual report and financial statements had
"disappeared" from his hotel room and that he could
only summarize them from memory.
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here]
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Algeria
Said Kahoul
Wins Second Mandate as Head of Employer Association
CSPA
Said Kahoul was
unanimously reelected to preside over the employer association
Conseil Supérieur du Patronat Algérien
(CSPA).
[continue
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Morocco
Chraibi
Replaces Haddaoui at CNSS
King Mohamed has appointed
36 year old Mounir Chraibi to head the Social Security
administration, CNSS, in replacement of 60 year old
Rafiq Haddaoui, who is to retire.
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