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French Drug Maker Opens Tunisian Unit

French drug maker Pierre Fabre has opened a production unit in Tunisia, in partnership with local peer SIPHAT
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The Faces of North Africa’s Capitalism

From Old School Entrepreneurs to Technical Experts Leading Maghreb Economies into the 21st Century...
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Algerian Truck Maker Folding Under Competition

One of Algeria’s oldest and well-known state-owned companies, Société Nationale des Véhicules Industriels (SNVI) is quickly headed to extinction....
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Aigle Azur Expands Market Share in Algeria

Private carrier Aigle Azur is expanding its services into Algeria, enabling it to gain market share from its current competitors, including the state-owned Air Algérie....
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Algeria: DHL to Use Biggest Airport Terminal in the Maghreb

DHL, one of the world’s largest express shipping and international logistics companies, has inaugurated the Maghreb’s largest airport terminal to accompany the economic growth of the North African country....
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Case Study: Doing Business in North Africa: Negotiations 101

Algerian Negotiators Learning Contract 101 the Hard Way: How Air Algerie Failed to Sell its Old Fleet....
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Orascom Telecom Disappoints Investors

Orascom Telecom, which has a strong presence in the Tunisian and Algerian mobile phone markets, saw its second quarter profits drop by a stunning 64%. ...
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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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Orascom vs. Algeria

[The North Africa Journal] In a lingering conflict that underscores lack of transparency and weak business rules, the case of Orascom Telecom Algerie (OTA), which has raised a great deal of concerns in foreign investor circles, has not been settled yet. It underscores that the rules of engagement when doing business in Algeria are still unclear and that many leaders of foreign companies remain dangerously ignorant of operating conditions and the business environement in the North Africa country.
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Business as Usual for Corporate Morocco

There is noticeable decrease in tourism activity across North Africa and Morocco is witnessing a small impact there. Yet, for the broad economy, the Arab revolutions have not fully afftected Morocco. This is largely due to the fact that Morocco is focused on its own economic growth, while remaining solidly tied to the EU. With limited economic relations with the affected countries, it is no surprise that it's business as usual for many Moroccan firms. Below are some reports that analyze the performance of key companies, ending with a full review of the Casablanca Stock Exchange.
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Setback for a Pan-Maghreb TV Channel: Nessma TV Likely to Fold

The owners of Nessma TV are facing the nightmare scenario, challenging their belief that North Africa’s Maghreb region needed a common broadcast platform. Largely owned by Tunisian businessman Tarek Ben Ammar, Nessma TV is finding hard to operate in the region.
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HSBC in North Africa: Going Where the Money Is

In summer 2008, London-based HSBC, one of the world’s largest banking and financial services institutions decided to add Algeria to its list of emerging markets operations. Libya is likely next in line. The decision meant that as of August 2008, the giant bank entered the Algerian market where it launched what it called “a full-service bank.” But is it really a full-service bank with the goal of contributing to economic growth and development or is HSBC focused on international trade operations to enable the flow of money in and out of the country?
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HP to Expand in Libyan Market

On November 4th, 2009, US tech giant HP announced its plan to establish new sales and support subsidiaries in Angola and Libya by 2010. By doing so, HP will increase its footprint across Africa to nine subsidiaries (Algeria, Angola, Egypt, Kenya, Libya, Morocco, Nigeria, South Africa, and Tunisia).
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Mediterranean School of Business Launches Executive Business Seminar in Tripoli, Libya

Tunis-based Mediterranean School of Business is offering a set of seminars this summer targeted to Libyan managers. MSB, in collaboration with the BT Server Business Management Training Center, is launching four modules, starting with Organization and Change Management, Financial Analysis for Non Financial Managers, Innovation and technology Management, and ending with Marketing and Customer Relationship. Each module will be lectured over a 3 to 4-day session.
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Royal Air Maroc Seeks to Divest from Senegal Airline

Moroccan airline carrier Royal Air Maroc (RAM) is looking to divest from Air Senegal International.
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Microsoft’s Close Watch of North Africa: Lobbying for IT Upgrades and Strong Anti Piracy Enforcement

The North Africa Journal : With shrinking computer sales, the engine of Microsoft revenue with operating system sales, every penny counts no matter where it comes from.
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BCP Bank and OCP Increase Capital, Swap Shares

The Moroccan phosphate and fertilizer giant relinquished 5.88% of its capital to Banque Centrale Populaire (BCP), in exchange for a 6.62% equity participation in that bank.
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Sounia Johnson

Sounia Johnson is a Correspondent for The North Africa Journal, based in Los Angeles, California. Mrs. Johnson is Frenco-Algerian, born in Algeria and grew up in Saint-Denis, a multicultural Pan-African suburb near Paris, France. In addition to her role in The North Africa Journal, Sounia is the coordinator of North African Affairs at the Levantine Cultural Center, a non-profit think-tank organization dedicated to promoting cultures and strengthening Arab-American relations in Los Angeles. Sounia’s bicultural heritage and international experience has equipped her with an unparalleled cross-cultural understanding governing socio-political and racial tensions in France. Her expertise lies in the area of French Algerian relations from an urban perspective, exploring assimilation issues of Northern Africans in France and beyond. Her commitment to dispelling institutionalized beliefs is unwavering. Sounia is fluent in English, French and has a basic command of the German language.
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