Arezki Daoud

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Oil and Energy Sectors Vulnerable to Corruption in North Africa

The North Africa Journal | Corruption in North Africa is a widespread and is a deeply rooted problem. So much so that the activists that are driving the revolts in the Arab world say many of ills that have been crippling economic, social and political progress originate from corruption. While corrupt acts such as paying bribery are widespread in administrations and bureaucracies, the business sector is particularly affected by corrupt practices as well.
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Inside Al Qaeda’s New Offensive in North Africa

The North Africa Journal: As we warned in an earlier assessment, Al Qaeda’s North Africa franchise, AQIM (Al Qaeda in the Islamic Maghreb) appears to be on the move with what may be a fresh offensive in the region. Having been sidelined by the popular revolts that have swept the Greater Mid-East North Africa zone, the death of Osama Bin Laden, the fragile state of Tunisia’s transition, the state of nervousness in Algeria and Morocco amid calls for democracy, and the chaos in Libya are providing an opening for AQIM to both position itself in light of a new geopolitical environment and to strike again to regain global opinion’s mind share. ...
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Libya: Militias Terrorizing Residents of ‘Loyalist’ Town, HRW

The North Africa Journal | Beatings, Shootings, Deaths in Detention of Tawerghans: Militias from the city of Misrata are terrorizing the displaced residents of the nearby town of Tawergha, accusing them of having committed atrocities with Gaddafi forces in Misrata, Human Rights Watch said today. The entire town of 30,000 people is abandoned – some of it ransacked and burned – and Misrata brigade commanders say the residents of Tawergha should never return....
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Al Baraka Banking Group Maintains Aggressive Growth Strategy in North Africa despite Uprisings

The year 2010 was not bad at all for Al Baraka Banking Group (ABG). Involved in international Islamic banking, the company is a Bahrain Joint Stock Company listed on Bahrain Bourse and NASDAQ Dubai. It maintains Standard and Poors long term and short-term credit ratings of BBB- stable and A3 respectively. ABG offers retail, corporate and investment banking and treasury services in accordance with the principles of the Islamic Sharia law. The authorized capital of ABG is US$1.5 billion, while total equity amounts to about US$1.8 billion....
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Despite Revolt and New Politics, it’s Business as Usual for Energy Sector in Egypt

Having been affected in early 2011 by what they call “Force Majeure,” oil companies remain very active on the Egyptian exploration front. With violence erupting in January, most major companies had to scale back their expectations, only to resume normal activities after the departure of Hosni Mubarak....
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Tunisia: Painful Recovery for the Business Sector

As if the Jasmine Revolution was not enough in itself, the Tunisian economy is also suffering from a massive drop in trade with its troubled eastern neighbor of Libya. Government data suggests that during the recent disturbances, Tunisia lost in all between 5 to 8 billion dinars as a consequence of the inevitable crisis. ...
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Islamist Ennahda Party Wins Big in Tunisia's First Free Elections | Update2

[By Arezki Daoud | US+508-981-6937] The Islamists of the Ennahda Party have won a major victory. Preliminary results of the votes of Tunisian expatriates abroad set the stage for what to expect within Tunisia proper when the results are announced. Ennahda has won 9 of the 18 seats allocated to the Tunisians living abroad, according to election authority "Instance Supérieure Indépendante pour les Eléctions" of ISIE. ...
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The Second Arab Revolution Coming: Arab Rulers, You Have Been Warned!

[By Arezki Daoud | US+508-981-6937] Muamar Gaddafi would not go down without creating collateral damage, not just in his country but also among his fellow dictators. Bashar Al Assad of Syria, Ali Abdallah Saleh of Yemen and so many other Arab rulers have been warned: Find a political solution very soon or risk a bad ending. Arab dictators will now witness an acceleration of public action against them, strengthened by the outcome of the Libyan crisis, call it Arab Revolution Version 2.0. ...
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Sirte Liberated, Gaddafi Dead

[By Arezki Daoud | US+508-981-6937] October 20, 2011 is a big day for the Libyan people. Nine months after the start of their revolution in the eastern city of Benghazi, the Libyan people have finally pacified the last bastion of the Gaddafi clan. Today, the city of Sirte where Muamar Gaddafi was born in 1942 has joinned the likes of Benghazi, Tripoli, Tobruk, and Misrata as free from the reign of terror of the Gaddafi clan and the revolutionary guards that protected that family. As for Muamar Gaddafi, officials say he has been killed in a gun battle....
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Author info
image Arezki Daoud Arezki Daoud is a leading analyst on North African affairs. He has been editor of The North Africa Journal since 1996. The publication reaches over 50,000 decision makers worldwide. Having lived and worked in North Africa, Mr. Daoud's analytical expertise on the region spans from the energy and industrial sectors to security and political affairs. Arezki is familiar with the speech circuit and briefing the business and government communities on the countries of the Maghreb region and is widely quoted in the press.
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