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Week ended September 19, 2001 - 113th.
Issue
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The
North Africa Journal, its staff and contributors
wish to express their deepest sympathies to the
families of the victims of the terrorist acts perpetrated
in New York, Washington DC and around the world.
Our
thoughts are with the innocent people who have lost
their lives and with their families and friends.
Latest international business and economic news
after the New York terrorist attack [Read
here. Continuous update]
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Maghreb
Business, Industry,
and Economic Analysis
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 Algeria
- Restructuring
Government Announces Overhaul of
Public Sector Enterprise Management
The Algerian government
has ordered an overhaul of public sector enterprises,
which so far have been managed by the so-called Public
Holding bureaucracies.
[continue
here][non-paying
readers, click here]
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Morocco
- Infrastructure
Disagreements
With Bouygues Force Port Authority to Plan its Own
Investment in the Tangiers-Atlantic Port Project
The National
Port Authority (ODEP) is to spend Dh556 million
on improvements to the Port of Tangiers over the
next five years due to the failure of the Tangiers-Atlantic
port project.
[continue
here][non-paying
readers, click here]
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Algeria
- Restructuring
MEDA
Assistance Program to Target Algerian SMBs
The European
Union is preparing to launch its MEDA program in
Algeria. The program aims at helping the Algerian
small and medium sized business sector (SMBs) to
modernize and prepare for European competition when
a free trade zone between the two economies becomes
effective.
[continue
here][non-paying
readers, click here]
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Morocco
- Consumer/Economy
Price
Hikes Ahead
Although the
Moroccan government says it is focusing its energy
on controlling inflation, Moroccan households are
currently facing continued price increases for key
consumer staples such as flour, milk, margarine,
cleaning products, and school supplies. The recent
price increases have become even more pronounced
as the summer vacation season ended and schools
reopened their classrooms.
[continue
here][non-paying
readers, click here]
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Algeria
- Privatization
India's Ispat
to Acquire Algerian Steel Maker Sider
The
Indian company Ispat, one of the world largest steelmakers
is preparing to take a majority stake in the Algerian
state-owned steel firm Sider. The company has reportedly
agreed to buy 70% of the financially troubled Sider
and said it would maintain the workforce, estimated
at 12,000, for at least another four years.
[continue
here][non-paying
readers, click here]
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Morocco
- Economy
Finance Minister
predicts 4.4% growth in 2002
Finance Minister
Fathallah Oualalou is predicting 4.4% GDP growth for
2002, compared to a projected 6.8% this year, and
a budget deficit equivalent to 3% of GDP (unchanged
from last year).
[continue
here][non-paying
readers, click here]
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Algeria
- Urban affairs
AD
426 Million for Tizi Ouzou
The Wilaya (Province)
of Tizi Ouzou is expected to receive AD 426 million
of public investment to fund development projects
and the regional economy. The Kabylie province has
been destroyed by months of rioting and civil disobedience.
[continue
here][non-paying
readers, click here]
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Morocco
- Corporate
General
Tire Maroc goes into receivership
General Tire Maroc
(GT) has gone into receivership after shareholders
failed to agree on a proposed rescue package. The
company, which ceased production in December last
year due to financial problems and industrial disputes,
lost Dh54.2 million in 2000 and Dh61.8 million in
the seven months to July.
[continue
here][non-paying
readers, click here]
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Stock
Market Wrap:
Casablanca
and Tunis Markets Down 2.7% and 3.1%
On the week
[continue
here][non-paying
readers, click here]
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Algeria
- Politics
FLN
Party Chief to Quit, Prime Minister to Take over Party
Leadership
The secretary general
of the nationalist party FLN, Boualem Benhamouda has
reportedly resigned.
[continue
here][non-paying
readers, click here]
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The North Africa Journal - All Rights Reserved - 1997-2001
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NORTH AFRICA JOURNAL
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