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).
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, ......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....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. ...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. ...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. ...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%....Video: Muamar Kaddafi's Views of a Union with Europe
The Israeli offensive on Gaza has further strengthened the opponents of a Mediterranean Union (MU). But even before the Gaza disaster, many voices in the southern rim of the Med sea expressed skepticism to the initiative put forward by Frech President Sarkozy. Among the most vocal opponents of an MU is Libyan leader Muamar Kaddafi. In this press conference, Kaddafi shares his skepticism and the reasoning driving his opposition. Video of the press conference below....New AQMI Attack on Algerian Military
AQMI is down but not out. Al Qaeda Maghreb, formerly known as the GSPC killed seven soldiers, according to Algerian officials...WiMAX Makes its Debut in North Africa
Libya is North Africa's first market to deploy WiMAX, a technology that makes wireless access to the Internet available at a much wider range (up to 50 kilometers) than what Wi-Fi offers today. Built by three leading telecommunications equipment makers, France’s Alcatel, and China’s ZTE and Huawei, this new WiMAX network is meant to accommodate more than a quarter million users. The service will be managed by Libya Telecom and Technology Corporation (LTT), the country’s primary Internet mobile services company....Growing Anger in North Africa Over Israeli Offensive in Gaza
North Africans have been rallying in various venues to express their solidarity with the population of Gaza, as the Israel offensive against Hamas continues. ...Kaddafi's Position on a Med Union
Libyan leader Moamer Kadhafi opposed proposals for a Mediterranean Union at a mini-summit of North African and Syrian leaders on Tuesday, saying it would harm Arab and African unity efforts....What's new
- Irrational Behavior
- Advice For Algeria: Go Back to the Drawing Board
- 7th North Africa Business Development Forum, Barcelona, Spain
- HP to Expand in Libyan Market
- Microsoft's North Africa Opportunity and Challenge
- Libya’s Billions in Search of Projects
- Deconstructing Libya Part 1- Libya-Europe: Security, Illegal Immigration and Oil and Gas
- Advice For Algeria: Go Back to the Drawing Board
- Why Al Qaeda Maghreb Will Continue to Strike
- Tunisian People Fixated on Sakhr El Materi, Imad Trabelsi and First Lady Leila Ben Ali
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