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Not a Bad Year for Some After All

Moroccan companies have released their results for fiscal 2009 and while most faced a challenging environment, a few managed to do very well. These reports look at five leading companies that are publically traded and review their 2009 financial performance.
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Signs of Economic Recovery in Morocco

The Moroccan economy is showing some positive momentum after a difficult time reacting to global economic crisis. With demand from European consumers picking up, Morocco is beginning to tally some good news. Although there is some temptation to credit European consumers for this start of recovery, the biggest positive impact has no doubt been the excellent weather conditions that have had strong positive repercussion on farming. ...
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Where to Invest in the Moroccan Economy

Although 2009 was a difficult year for those looking to place their money in Moroccan general investment and in equities in particular, 2010 may not bring immediate relief either, but opportunities could be up for grabs....
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A Different North Africa on the Horizon, but Political Troubles Looming

Fast forward 10, 15 or 20 years from now and you will see a vastly different North Africa. While big media outlets are focused on the giant economies of China, Brazil, and others, mid-level economies like those of North Africa are also a place of substantial economic activity. Domestic investments, sometimes aided by the contribution of foreign investors, are fueling economic development and growth. Despite the global economic hiccup, the pace of investments committed into the infrastructure sector in North Africa has been moving at a healthy pace bringing the rest of the economy with it. And that bodes well for the region as it seeks to catch up with the rest of the world....
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It's All About Oil and Some

After eight years in a Scottish jail, the Libyan man convicted for his role in the 1988 Lockerbie bombing has been released on compassionate grounds. Abdel Basset Al-Megrahi is said to have only a few months to live and has arrived in Libya where he was greeted by thousands of supporters. While Scottish justice minister Kenny MacAskill argues his decision was an act of compassion toward a dying man, it is a lot more complex than that....
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Algeria to Slow Imports, Seeks to Reduce Credit Risk with New Finance Law Measures

The Algerian government enacted substantial changes in the country’s finance law, a move considered by many as drastic and severe. The changes were issued as part of Algeria’s mid-term complementary finance law for 2009. ...
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Spain to Lead a New European Economic Offensive in North Africa

Owing to booming oil revenues and aggressive sovereign wealth funds, rich Gulf countries have been leading the way as foreign investors in North Africa since 2003, as well as in the southern Mediterranean zone, displacing western investors....
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Maghreb Economic Performance: A Fair 2008, But Uncertain Outlook

Official data, as reported by North African governments and published by international financial institutions, seem to show that 2008 was not so bad for Maghreb economies after all. ...
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Is Libya Ready for the Private Sector?

Now that Libya reconciled with the West and has become the subject of praises from the likes of the IMF and the World Bank, the country will have to face a new set of realities that could either lead to sustained economic growth or deepen its dependency on foreign suppliers. ...
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Opinion: Time for Optimism

Is it possible that the global economic downturn that we are witnessing today may actually have a beneficial impact on the region? ...
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Signs of Economic Recovery in Morocco

The Moroccan economy is showing some positive momentum after a difficult time reacting to global economic crisis. With demand from European consumers picking up, Morocco is beginning to tally some good news. Although there is some temptation to credit European consumers for this start of recovery, the biggest positive impact has no doubt been the excellent weather conditions that have had strong positive repercussion on farming.
image

Not a Bad Year for Some After All

Moroccan companies have released their results for fiscal 2009 and while most faced a challenging environment, a few managed to do very well. These reports look at five leading companies that are publically traded and review their 2009 financial performance.
image

Where to Invest in the Moroccan Economy

Although 2009 was a difficult year for those looking to place their money in Moroccan general investment and in equities in particular, 2010 may not bring immediate relief either, but opportunities could be up for grabs.
image

A Different North Africa on the Horizon, but Political Troubles Looming

Fast forward 10, 15 or 20 years from now and you will see a vastly different North Africa. While big media outlets are focused on the giant economies of China, Brazil, and others, mid-level economies like those of North Africa are also a place of substantial economic activity. Domestic investments, sometimes aided by the contribution of foreign investors, are fueling economic development and growth. Despite the global economic hiccup, the pace of investments committed into the infrastructure sector in North Africa has been moving at a healthy pace bringing the rest of the economy with it. And that bodes well for the region as it seeks to catch up with the rest of the world.
image

It's All About Oil and Some

After eight years in a Scottish jail, the Libyan man convicted for his role in the 1988 Lockerbie bombing has been released on compassionate grounds. Abdel Basset Al-Megrahi is said to have only a few months to live and has arrived in Libya where he was greeted by thousands of supporters. While Scottish justice minister Kenny MacAskill argues his decision was an act of compassion toward a dying man, it is a lot more complex than that.
image

Algeria to Slow Imports, Seeks to Reduce Credit Risk with New Finance Law Measures

The Algerian government enacted substantial changes in the country’s finance law, a move considered by many as drastic and severe. The changes were issued as part of Algeria’s mid-term complementary finance law for 2009.
image

Spain to Lead a New European Economic Offensive in North Africa

Owing to booming oil revenues and aggressive sovereign wealth funds, rich Gulf countries have been leading the way as foreign investors in North Africa since 2003, as well as in the southern Mediterranean zone, displacing western investors.
image

Maghreb Economic Performance: A Fair 2008, But Uncertain Outlook

Official data, as reported by North African governments and published by international financial institutions, seem to show that 2008 was not so bad for Maghreb economies after all.
image

Is Libya Ready for the Private Sector?

Now that Libya reconciled with the West and has become the subject of praises from the likes of the IMF and the World Bank, the country will have to face a new set of realities that could either lead to sustained economic growth or deepen its dependency on foreign suppliers.

Algeria’s Pending Accession to Arab Free-Trade Zone Raises Tension in the Business World

Scores of Algerian business leaders have voiced their opposition to their country’s accession to an Arab free-trade zone (AFTZ).
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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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