Corporate
Tunisair to Announce
Improved Results, Narrows its Losses
Next week, the Tunisian airline carrier Tunisair will hold its annual
general assembly. The company is preparing to announce improvements
in its operations after difficult years, particular in 2001 and 2002
amid a global crisis affecting airlines and tourism. Tunisair was becoming
a case study of a large state-owned company that failed with poor financials.
In 2001 it generated a loss of TD 37.4 million, before worsening further
to TD 49 million in 2002. Continue
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Law
Algeria to Abolish
Death Penalty But Not for Acts of Terrorism, Treason, Infanticide
and Parricide
Algeria is preparing to abolish death penalty but on the selective basis.
An amendment on this issue was recently introduced and was just presented
to the nations parliament currently in session. The parliament
is also reviewing proposed broader changes in the criminal code. The
announcement of the governments intention of to abolish death
penalty, first made by Justice Minister Tayeb Belaiz and confirmed by
the Prime Minister, coincided with a difficult period in the relationship
between the government and the independent press, as well as human rights
activists. Although we believe that timing was coincidental, many say
the government is trying to lessen the pressure it has been getting
related to the imprisonment of prominent editors and journalists. Continue
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Fisheries
Octopus Fishing
in Morocco: A Failed Season
A
few weeks before the end of the fishing season and the volumes of octopus
caught in Morocco's waters thus far are dismal. Octopus is becoming
rare in this part of the world despite the nine month ban on fishing
that was supposedly meant to replenish the depleted stocks in form of
a biological rest.Continue
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Pharma Market
Novo Nordisk to
Produce Drugs in Algeria
Targeting the
diabetics market, the Danish drugs company Novo Nordisk is preparing
to establish a production unit in Algeria and has been looking for suppliers
to launch an insulin factory. After nearly two years of a ban on import
into the Algerian market, Novo Nordisk has also been re-authorized to
engage in imports to serve the Algerian market as it prepares to switch
to production. Continue
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Telecom Policy
Morocco Has New
Plan to Develop Fixed Telephony Sector
Most of the investment made in the past years in the Morocco telecom
sector focused on the mobile GSM technology and after the series of
failures of the past two years to sell a fixed telephony license, Morocco
has now a new plan it believes will energize investments in the sector.
A new strategy based on the concept of lessening the amount of investment
to be made by a single licensee, was recently put forward by the government
and endorsed by the telecom watchdog Agence Nationale de Réglementation
des Télécommunications or ANRT. The strategy calls for
the involvement of a large number of operators who, individually, will
be able to invest relatively limited amount of money but collectively
would represent a major player in the fixed telephony sector. Continue
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Economy/Trade
The Remaining
Obstacles to Algerias Entry in the WTO
The Algerian government is to scrap a legislative decision
made earlier by the national parliament to ban the import of alcoholic
beverages. The decision was made before the presidential elections by
a parliament dominated by religious conservatives and nationalists.
Fearing a backlash before the elections, president Bouteflika and his
ministers did not oppose it and allowed it on the temporary basis even
though it was clearly contradicting the countrys commitment to
adopt international trading norms Continue
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