News
Unions Pressure Belgian Government to Allow Arms Export to Libya
This is rather ironic that a labor union would be used to pressure a government to give a company license to export arms.
[North Africa] Globalization and Libya's Invesments: Not Always a Safe Bet
Briefs: Libya may be wanting to reintegrate the global community, but it needs to watch out for the mine fields out there....[North Africa] Emirates Telecommunications Has Funds for Meditel Buyout
Emirates Telecommunications (Etisalat) recently announced that it has enough funds to acquire Morocco's second-largest carrier Meditel, citing bankers close to the deal. Other bidders include companies like Oger Telecom, controlled by the Saudi Oger Group, Qatar Telecommunications (Qtel). According to Reuters, confirmed bids are due by September 14. A decision should be known at the end of September. ...[North Africa] No Smoking Gun in the Megrahi Release, But Big Projects in Libya Await British Companies
Despite arguments that the release of Al Megrahi was not motivated by economic gains, it is hard to believe that UK companies may not fully benefit from it, even if there is no paper trail on a deal between the UK and Libya. Ask British executive working in Libya and you will find an interesting consensus. British businesses have themselves made public statements that the release has removed “the last remaining obstacle to the Libyan market opening up to British firms,” according to a British construction industry publication (Building). ...[North Africa] Global Economic Contraction and Impact on Morocco: The Good and the Bad
While many sectors of the Moroccan economy are struggling to cope with the reality of the global economic meltdown, ......[North Africa] Uncompetitive Moroccan Travel Industry
For millions of people, the months of April through June are travel planning period. In particular for the diasporas that is looking to go back home to North Africa during the summer season, but also for foreign tourists as well. This latter category is a critical target for the Moroccan tourism industry, which is apparently finding difficulties offering competitive prices in a highly budget-sensitive period....[North Africa] Inside Bouteflika's Presidential Election Resources
The North Africa Journal : As expected, Abdelaziz Bouteflika won a third presidential mandate following a campaign that was unchallenged and underwhelming. ...[North Africa] Avoiding Risk and Finding Opportunities on the Casablanca Stock Exchange in 2009
The North Africa Journal: The Casablanca Stock Exchange (CSE) started the year 2009 on a volatile path and with no clear orientation. In this context, analysts recommend investors to adopt a selective strategy offering low risk in an uncertain market. ...[North Africa] A Troubled Bluefin Tuna in North Africa
The stocks of bluefin tuna along the southern shores of the Mediterranean coast are quickly depleting. This is also the case in the entire Mediterranean Sea, not just the souther rim. Over fishing and capture practices that some qualify as savage hunting are all leading to the fast disappearance of tuna stocks in the region. Of a particular worry is the aggressive stance of industrial fishing fleets that do not hesitate to seek and capture tuna even in the reproductive zone of the Gulf of Syrte, offshore Libya. Because of the profitable nature of this activity, fraud and lack of transparency are paramount, while the canning industry in the region is facing its own troubles. ...[North Africa] Islamic Banking in the Maghreb
Islamic financial instruments continue to attract consumer attention, with the central element of being interest-free products in compliance with Islamic Sharia law. According to financial sources, the value of funds involved in Islamic banking worldwide grew by an average of 15% annually over the past three years. Some analysts estimate Islamic banking to be worth some $500 billion, with the Middle East controlling a quarter of those assets. Kuwait is reportedly the biggest contributor, accounting for almost 29% of the sector’s value in the Gulf region. It is followed by Saudi Arabia with about 27%, and the UAE with 15.2%....What's new
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