|
North
Africa's GDP
Current
prices / $225 billion
|
World
Rank
|
Country
|
GDP-
(in Bill US$)
|
|
39
|
Egypt
|
87.25
|
|
51
|
Algeria
|
47.64
|
|
53
|
Morocco
|
35.00
|
|
56
|
Libya
|
33.24
|
|
61
|
Tunisia
|
20.91
|
|
148
|
Mauritania
|
0.96
|
Source: IMF
|
Week
ended June 26, 2001 - 109th. Issue
Maghreb
Crises
Riots in Algeria
and in Morocco
Photo
(c) El-Watan newspaper
 Algeria-
A Problem of Civil Rights and Inequality
A peacefull demonstration organized
in the capital city Algiers by the newly formed civil right
organization called Coordination of Village Committees (Coordination
interwilayas des comités de village de Tizi Ouzou,
Béjaïa, Sétif, Bouira, Bordj Bou Arréridj,
et Boumerdès) and the Algiers Committee ended in
a bloodshed when security forces, aided by alleged civilian
"provocators," intervened.
[continue
here][non-paying
readers, click here]
Morocco-
Poverty
and Despair Fuel Dissent
In Morocco, a four-day rioting highlights
the repressive attitude of many in the security apparatus
and in the military reminiscent of the Basri regime. On
June 8th, a soldier stabbed a 16 year-old boy
following a quarrel over a girl.
[continue
here][non-paying
readers, click here]
Algeria
-
Banking
French Bank BNP-Paribas
to Enter Retail Banking Sector in Algeria
BNP-Paribas has decided
to follow the steps of its French competitors Societe
Generale and Natexis by opening a representation in
Algiers. [continue
here][non-paying
readers, click here] |
Morocco
– Oil and Banking
Dalla El-Baraka May
Take Control of BNDE
and
Lone Star
The Saudi group Dalla
El-Baraka, a firm that has been investing heavily
in the Moroccan tourism sector, is reportedly on the
verge of purchasing a 67% stake in State-owned development
bank BNDE (Banque Nationale pour le Développement
Economique). Dalla El-Baraka is also preparing to
invest in Lone Star, a company that discovered oil
in the Talsinnt region, eastern Morocco. [continue
here][non-paying
readers, click here]
|
Algeria
– Markets
The
Auto Market in Algeria: Sluggish Growth, Poor
Prospects
Daewoo held the
largest market share of new auto sales in Algeria
for the first quarter of 2001.
[continue
here][non-paying
readers, click here]
|
Morocco
- Telecom
ANRT
Protests Inaction Over Penalties, MT Challenges
Méditel's Duo Service
Morocco's National Telecom Regulation
Agency (ANRT) has criticized the government for failing
to enforce penalties that it imposed on Maroc Télécom
in a recent judgement.
[continue
here][non-paying
readers, click here]
|
Algeria
– Advertisement
Khalifa
Airways Signs Sponsorship Deal with a French Football
Club
The newly created
private Algerian airline Khalifa Airways continues to
surprise its observers and has announced that it has
signed a sponsorship agreement with the French football
club Olympic de Marseille (OM).
[continue
here][non-paying
readers, click here]
|
Morocco
-
Economy
First Quarter Ends With
Budget Surplus & Lower Unemployment
Morocco's first quarter statistics show
a budget surplus of Dh 22.4 billion generated by the
35% privatization of Maroc Télécom, but
the deficit excluding privatization revenue tripled
to Dh 900 million.
[continue
here][non-paying
readers, click here] |
Algeria
– Trade
Algeria
May Increase Cereal Imports
Algeria was the
Maghreb’s biggest importer of cereals in 2000. With
4.8 million tons of cereal, Algeria ranked 6th
importer worldwide behind Iran, Brazil, Japan, Egypt
and Russia, according to a US cereal exporter group
present during a seminar on the topic recently held
in Algiers, Algeria. The group predicts Algeria would
rank fifth in 2001 as it would boost its imports to
5 million tons.
[continue
here][non-paying
readers, click here] |
|
Algeria
– Airline/Privatization
Air
Algerie Selects Booz Allen & Hamilton
and Kicks Off its Summer Programs
Management
consulting firm Booz Allen & Hamilton has been
selected by the Algerian government to lead the partial
privatization of the State-owned airline carrier Air
Algerie. [continue
here][non-paying
readers, click here]
|
Maghreb
Markets
Stock Market Wrap
[continue
here][non-paying
readers, click here] |
|
Algeria
- Trade
France
is the Leading
Exporter to
Algeria
Last year
(2000), France maintained its third spot in Algeria’s
client list following Italy and the United States.
Algerian sales to France amounted to $2.3 billion
and France’s export to Algeria accounted for 22.9%
of the country's total imports, ahead of the United
States (11.46%), Italy (9.7%), Germany (7.03%) and
Spain (6.75%).
[continue
here][non-paying
readers, click here]
|
|
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The North Africa Journal - All Rights Reserved - 1997-2001
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