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What a Start!
The year 2009 was such a dismal year that many people questioned how worst it can get. In asking this question, there was an assumption that things are going to get better as we enter 2010. Three months into the new year and we are already seeing signs of stress everywhere, and North Africa is not spared from this movement.
[North Africa] Dubai’s Illusive Dream and Impact on North Africa: Seeing through the Arabian Mirage
Ancient Chinese philosopher Laozi once said “a country is never as poor as when it seems filled with riches,” and that may be very true for Dubai....
[North Africa] Head of Algerian Police Killed by Officer, New Chief Appointed
Long-serving Algerian national police chief, Ali Tounsi was shot dead on February 25, 2010 by a senior police officer....
[North Africa] 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....
[North Africa] General Larbi Belkheir Dies
The End of an Era: Algerian army General Larbi Belkheir, a figure that has been largely insignificant in today’s Algerian politics, died on January 25, 2010 at the age of 72. Belkheir has been a central figure in the Algerian ruling system in the past, though his activities and exact role are shrouded in mystery. ...
[North Africa] A Nuclear North Africa
Oil and gas remain critical sources of power and energy for North African nations. In the medium term, hydrocarbons will remain the predominant sources of energy, whether it is for the OPEC countries of Algeria and Libya or the less-oil-endowed nations of Tunisia and Morocco. But in the longer term, the nuclear option appears interesting to all as oil reserves are depleted and securing new sources of energy is a strategic priority. ...
[North Africa] The Big Jelly Ball of Global Insecurity: Terrorism is now a Permanent Fixture
The recent attempt by a young Nigerian man to down a US airliner brought back the topic of terrorism on the front pages of newspapers around the world. While the attempt failed given the fast reaction of passengers, as well as the poor execution of Umar Farouk Abdulmutallab, the alleged terrorist, the impact has been important; the visibility of Al-Qaeda and global terrorism has increased considerably as a result. Although no one was harmed, Al-Qaeda managed a good media coup whether it directly planned it or not. The would-be terrorist has also prompted a lot of attention on Yemen, its poverty, mismanagement and potential to become a new haven for international terrorism in a manner similar to Afghanistan or even Somalia. ...
[North Africa] Capturing Business Opportunities in North Africa While Avoiding Risk
The North Africa Journal is pleased to provide a free presentation on how to capture business opportunities in North Africa while avoiding risk....
[North Africa] Irrational Behavior
I certainly don’t want to minimize the difficulty facing the Algerians and Egyptians as they dance around the crisis that came out of a football match this week. But I predict that it will soon be water under the bridge. ...
[North Africa] Spain Coming Opportunity for Leadership in the Mediterranean
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. But the ongoing global economic crisis appears to be reshuffling the cards once again. The southern Med (SoMed) region is also hit by the financial turmoil that started in the US market. As such, foreign direct investments (FDI) moving into SoMed dropped by an estimated 40% in 2008 in value terms to settle at €35.5 billion, according to ANIMA Investment Network....
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