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From the editor
Arezki Daoud

By Arezki Daoud

Algeria’s Referendum on the Constitution: Democracy versus Continuity and Stability?

The Algerian people are facing a major political decision. At the end of this year, they are likely to be called on to hold yet another referendum to make significant changes in the constitution. This is the wish of President Abdelaziz Bouteflika who is apparently paving the way for a possible third mandate, currently limited to two-five year terms. [read here]

TOPICS

187th. issue - Week ended July 11, 2006
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INDUSTRIES AND MARKETS
What’s Ahead for the Moroccan Privatization Program?

Over the past 13 years, the Moroccan economy managed to generate billions of dollars from the sale of state assets to private and foreign investors. And with only MAD 4.4 billion ($510 million) expected this year, the privatization program as a source of state revenue is quickly shrinking. The big ticket items like Maroc Telecom, Samir, Fertima, Somaca, CNIA, Sonasid, Régie des Tabacs and others are no longer there to count on for more money and the debate over the future of privatization has now begun.

[read here]



INDUSTRIES AND MARKETS
North Africa Airline: Industry Update

Highlights:

* Algiers Airport Gets Facelift
* Qatar Airways Adds 5th Weekly Service Between Algiers and Doha
* Air Algerie Closer to Flying to Canada
* Bombardier to Supply Aircraft to Tassili Air
* Royal Air Maroc takes possession of a Boeing 737-800
* Tunisair to Up its Capital
* China Southern Eyeing North African Presence

[read here]


PROFILE
Moulay Hafid Elalamy, New Head of CGEM

One June 30, 2006, Moulay Hafid Elalamy was elected chairman of the Moroccan business association, Confédération Générale des Entreprises du Maroc, CGEM, opening a new chapter for the troubled organization but with an uncertain outcome. Running without competition, Elalamy gathered 2,258 votes of the 2296 expressed voices, thus replacing Hassan Chami who was given an honorary president position. Mohamed Chaibi was elected vice president.

[read here]


INDUSTRIES AND MARKETS
The Sorry State of the Internet in Algeria

The telecommunications sector is making major strides in Algeria, driven by a booming mobile telephony market and the recent issuance of a second fixed telephony license, but Internet activity in the country remains hampered by a plethora of obstacles. These range from limited bandwidth and prohibitive access fees to the very low computer penetration rates of households and businesses. With the number of individuals accessing Internet at 1.9 million, only 5.52% of the Algerian population benefits from some sort of access to the web. This number is low by all measures, including compared to at least double that rate in neighboring Morocco and Tunisia.

[read here]


INDUSTRIES AND MARKETS
On Going Battle Over Urban Transport Concession in Rabat, Morocco

Moroccan private transport operators are angry about the way the concession of the urban transport service of Rabat, Skhirat and Temara is being handled. The opening of the bids that occurred recently showed that only three out of the 10 local operators submitted their bids as part of groups led by foreign companies, including the French Vivendi and the Spanish Alsa, who already control the Marrakech urban transport market.

[read here]


LABOR AFFAIRS
Industrial Unrests Intensify in Morocco

After a substantial reduction registered in the late 2000s, falling from 439 in 2000 to 154 in 2005, the number of industrial strikes in Morocco is back up again. In the first quarter of 2006, the number of strikes rose to 44 compared to 39 the same period last year. Meanwhile, the number of individual conflicts in the workplace decreased slightly from 10,129 to 9,881.

[read here]









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IN THIS ISSUE

PROFILES

Profile: Moulay Hafid Elalamy, New Head of CGEM


Industrial Unrests Intensify in Morocco


CORPORATE AFFAIRS


CNAN-Algeria Still Looking for Buyer


Woods Group Acquires Majority Stake of Algerian Oil Servicing Firm Somias



Second Maghreb Private Equity Fund Takes Shape


ECONOMY AND TRADE

Corporate Tax Down to 25% in Algeria


Algeria: Oil Revenue Windfall Continues


Latest Economic Indicator: Morocco


AGRICULTURE - TOURISM


Tunisia Refocuses its Tourism Campaign to Emerging Markets


Fisheries Sector in Morocco to Get Upgrade Money


INDUSTRIES / MARKET


What’s Ahead for the Moroccan Privatization Program?


The Sorry State of the Internet in Algeria


On Going Battle Over Urban Transport Concession in Rabat, Morocco


North Africa Airline: Industry Update


Sabic Seeks to Invest Billions in Algeria’s Petrochemical Sector


Head of Skikda Oil Refinery Sacked


ENERGY - MINING

Petroleum Distributors in Morocco Want their Money

First Calgary to Relinquish its Interest in Rhourde Yacoub Block


Production Begins at In-Amenas Gas Field


OPINION

Algeria’s Referendum on the Constitution: Democracy versus Continuity and Stability?