|
Maghreb
Stock
Market Wrap
By Upline Securities
For
the week ended July 6th 2001, the Casa
Stock Exchange's general index and the Upline Securities
Index lost 2.21% and 5.02% respectively. Official
market transactions amounted to Dh 157.1 million,
and the bloc market registered Dh 90.8 million.
The largest gains were recorded by Unimer (+7.7%),
Eqdom (+5.2%), Auto Nejma (+4.8%), and CIH (+4.1%),
whereas the main losses were registered by Agma-LT
(–12.8%), Papelera (–12.2%), COSUMAR (–10.6%), and
Afriquia Gaz (–10.3%). During the same period, the
Tunis Stock Exchange's BVMT index and the Tunindex
gained 0.68% and 0.16% respectively. The largest
increases were STEQ (+10.7%), Monoprix (+3.0%),
SFBT (+2.2%), and SIPHAT (+1.4%), whereas the main
losses were Palm Beach (–16.0%), SOTETEL (–14.8%),
SIMPAR (–13.2%), and Tunisair (–10.2%).
(c) Upline.
|
|
Week
ended July 8, 2001 - 110th. Issue
Morocco’s
Competitiveness in Question:
Currency Policy and
Low Value of Exports Hurt Morocco’s Competitiveness
The
continued structural trade deficit and sluggish exports
are becoming a major hurdle for the Moroccan economy.
But the export sector seems to be of a second priority
to the government, which priority has been, for a long
time, the control of prices to keep inflation low.
[continue
here][non-paying
readers, click here]
|
Business,
Industry,
and the Economy
|
 Algeria
- Economy
Supplementary
Budget Forecasts 1.25% Deficit
The 2001 supplementary
budget is forecasting a budget deficit of Ad 48.92
billion or 1.25% of GDP
[continue
here][non-paying
readers, click here]
|
|
|
Algeria
- Markets
ONCV to
Boost Wine Supply in Domestic Market
State-owned wine
maker and distributor Office National de Commercialisation
des Produits Viticoles (ONCV) ambitions to boost
its supply of wine to the local market.
[continue
here] [non-paying
readers, click here]
|
Tunisia
- Energy
Coho Announces
Sale of Position in Tunisia
Coho Energy says
its subsidiaries Coho Anaguid has entered into a definitive
agreement with Pioneer Natural Resources Company,
Anadarko Tunisia Anaguid Company, and Nuevo Energy
Company to sell all of its interest in the Anaguid
permit in Tunisia...
[continue
here][non-paying
readers, click here]
|
Algeria
- Regional Development
Government
Seeks Social-Economic Improvements with Money for the
Regions
Bouteflika’s "economic
recovery plan" has earmarked AD 525 billion for
this purpose. The fund is expected to be distributed
to Wilayas (administrative provinces) according to a
set of parameters such as geographic location, social
and economic indicators including population profile,
industrial output, level of isolation, etc.
[continue
here][non-paying
readers, click here] |
Morocco
- Airlines
GECAS and
Royal Air Maroc Enter Into 7-Year Operating Lease
Agreement for 2 New B767s
GE Capital Aviation
Services and Royal Air Maroc (RAM), entered into a 7
year operating lease agreement for two new Boeing 767-300
Extended Range aircraft...
[continue
here][non-paying
readers, click here] |
Algeria
- Energy
Ducker Inc.
Withdraws from
SEM-1 Well Project
Drucker Inc. says
that it has decided to terminate its involvement in
the project SEM-1 well on the Hassi Bir Rekaiz oil exploration
project ...
[continue
here][non-paying
readers, click here] |
|
Tunisia
– Urban Affairs
New
Roads to Ease Traffic in Sfax
The city
of Sfax could not longer handle the traffic jams.
Some 85,000 vehicles and 350,000 motorcycles are forcing
city planners and the central government to review
Sfax traffic situation...
[continue
here][non-paying
readers, click here]
|
Algeria
- Energy Engineering
ABB
Wins New Contract in Algeria
Technology
group upgrading oil pipeline for Sonatrach -
ABB says it has won a US$ 70-million contract to upgrade
a key oil pipeline in Algeria...
[continue
here][non-paying
readers, click here] |
|
Tunisia
- Energy
Centurion
Spuds Al
Manzah 3 In
Tunisia
Canada's
Centurion Energy says that drilling operations for
the Al Manzah-3 well resumed on July 1, 2001...
[continue
here][non-paying
readers, click here]
|
|
Morocco
- Politics
The Limits of
a Political Coalition
Competition between
two leading leftist parties is turning into a feud
within the current central government. Before Abasse
El-Fassi joined the cabinet of his political rival
Abderahman Youssoufi, their two parties, the Istiqlal
and the USFP, have often been competing for the attention
of the same constituents and the same goal: a place
in power. But now, the two men have to deal with each
other when drafting policy and their quarrels have
moved within the governing circle threatening to harm
the already fragile governing Koutla coalition.
[continue
here][non-paying
readers, click here]
|
|
More?
click on the logo below...
|
|
(C)
The North Africa Journal - All Rights Reserved - 1997-2001
|
More
weekly news in partnership
with Upline Securities and
Credit du Maroc Capital
Pdf File of Weekly
CONTACTING
THE
NORTH AFRICA JOURNAL
The
North Africa Journal & Maghreb Weekly Monitor are
based in Boston, MA, USA. Although we are also available
by phone, we recommend email as the quickest way to
reach us. We
can easily be reached at journal@north-africa.com
regarding subscription issues or related matter
To
discuss business or advertisement opportunities, or
editorial issues please contact the publisher and editor-in-chief
at daoud@north-africa.com.
If
you have a request requiring immediate attention, please
contact us at:
Tel:
US+ 1-617-588-0193
Fax: US+ 1-413-383-9817
European fax: +44-870-126-5388 (UK)
25
New Chardon Street, BX 8012 ,
Boston, MA 02114, USA
|
|
