Archive for April 2011

Morocco, Algeria Sign MoU In Agriculture   Leave a comment

27/04/2011 : RABAT – Morocco and Algeria have signed a Memorandum of Understanding (MoU) to boost bilateral co-operation in the field of agriculture and on strengthening food security.

The MoU was signed here Monday by Moroccan Agriculture and Fisheries Minister Aziz Akhennouch and his Algerian counterpart, Rachid Benaissa, who is on a working visit to Morocco.

Under this MoU, the two countries agreed to improve bilateral co-operation in various aspects related to the agriculture sector to enhance food security in both countries.

The five-year MoU covers several areas such as scientific research, animal and plant production, animal health, the fight against desertification and rural development, in addition to the export of agricultural products between the two countries.

It will encourage the exchange of visits, information, studies and expertise in the abovementioned fields, as well as participation in agricultural fairs held in Morocco and Algeria.

The MoU also provides for promoting relations between the two countries’ economic operators, professionals, as well as scientific and technical bodies.

Akhannouch highlighted the potential for co-operation between the two neighbouring countries, particularly in terms of food security and their joint commitment to initiatives aimed at the regulation of international markets for food products.

Benaissa told the press after the signing ceremony that his visit to the Kingdom was to promote bilateral co-operation in agriculture to ensure food security in both countries through a partnership based on the exchange of experiences.

Source : mynewshub.my

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Posted April 27, 2011 by newworldconsulting in Uncategorized

IMF: Improvement of Algeria macroeconomic indicators in 2011 and 2012   Leave a comment


13/04/2011

WASHINGTON- The International Monetary Fund (IMF) expects a significant improvement in macroeconomic indicators in Algeria for 2011 and 2012, essentially economic growth and balance of current accounts. In its report on 2011 global economic outlook released Monday to mark the upcoming Spring Meetings jointly with the World Bank, the Fund forecasts a higher growth of Algeria’s GDP, rising to 3, 6% in 2011 against 3.3% in 2010, with a forecast of 3.2% in 2012.

The fund also indicates that the current account of the country will experience a sharp increase from 9.4% of GDP in 2010 to 17.8% in 2011 to 17.4% in 2012.

Source : aps.dz

 

Posted April 14, 2011 by newworldconsulting in Uncategorized

Algeria: Petrofac signed a contract worth over a billion dollars   Leave a comment

12/04/2011

ALGIERS – The British oil services group Petrofac signed Monday in Algiers with the In Salah Gas Company a contract for $ 1.185 billion to develop gas fields in the Algerian Sahara, said the news agency.

The In Salah Gas Company is an association between Sonatrach, the Algerian groupBritish Petrolum (BP) and Norway’s Statoil.

The contract covers the development of gas fields of Hassi Moumen, Garet el Befinat, In Salah and Gour Mahmoud, in southern Algeria, the source said.

The group Sonatrach plans to invest between 2009 and 2014 some 63 billion dollars to increase capacity including export of gas.

Source: ennaharonline.com

 

Posted April 14, 2011 by newworldconsulting in Uncategorized

Promotional campaign on Algerian market   Leave a comment

8/04/2011: TUNIS, April 7, 2011 (TAP) – The Tourism and Trade Ministry has planned staging a promotional campaign on the Algerian market, with a view to recovering the pace of the Algerian tourists’ flow, after the 35% drop recorded in the period spanning last January 1- March 20.

The campaign, which will target Algerian media, aims to reassure Algerian tourists about the security situation in Tunisia, attract over 350,000 Algerian holiday-makers during next June and July, compared with an average of 400,000 tourists in the past.

Representative of the National Tunisian Tourism Board (ONTT) in Algeria Faouzi Basli specified that the promotional operation includes a Tunisian participation in the Oran Tourism Fair, to be held next April 12-15, and next April 18-21 Algiers Fair.

In a statement to TAP news agency, the official asserted that, as part of this promotional campaign, 50 representatives of the Algerian media would be present in the Annaba/Hammamet Rally.

Investments to be allocated for the advertising campaigns in Algeria would reach 350,000 Dinars, the goal is to raise the Algerian tourists’ awareness of the wealth of the Tunisian product and stability of the country.

During a news conference held Tuesday with attendance of 16 Algerian journalists, Tourism and Trade Minister Mehdi Houas said that negotiations have been launched with the Algerian side to open a shipping line connecting the Algerian and Tunisian ports.

This line would undoubtedly facilitate the transport of Algerian tourists and their cars during the peak period.

“The Algerian and Maghreb markets are strategic markets for Tunisia,” Mr. Houas pointed out, adding that the sought-after objective is to encourage the Algerian tourists to keep on spending their holidays in Tunisia.

It is worth reminding that one million Algerian tourists visit Tunisia each year and generate earnings between 400 and 600 million Dinars.

Tunisia will also endeavour to improve reception conditions on border crossing-points and airports, by organising a communication campaign aimed to reassure Algerians on security conditions in Tunisia and better introduce the promotional offers for Algerian families who want to come to Tunisia during the summer holidays.

Source: tap.info.tn

 

Posted April 8, 2011 by newworldconsulting in Uncategorized

Foreign firms show increasing interest in Morocco mass retail, OBG says   Leave a comment

8/04/3011: London – Foreign firms are showing increasing interest in Morocco’s mass retail sector, said International think-tank Oxford Business Group (OBG).

The entry of foreign companies in the Moroccan market would surely revitalize this sector, which sees an increasingly fierce competition, at a time when a growing number of private companies (domestic and foreign) are planning to gain a foothold or expand in Morocco, OBG said in an analysis received by MAP news agency.

The group recalled that in last March, the Turkish no-frills low-cost supermarket chain BIM announced plans to almost double the size of its existing store network in Morocco, from the current 45 to 80.

It has plans to further expand to 150 stores by the end of 2012, said the source, adding that while there is growing foreign interest in Moroccan mass retail, local companies are also increasing their clout in the sector.

“The [Moroccan] government is supporting the pursuit of large-scale shopping facilities. The Rawaj plan, launched in 2008, aims to treble large-scale retail capacity by 2020,” The OBG pointed out.

Some 56 large-scale retail outlets are due to open by 2012 alone, with the country boasting 600 such facilities by 2020, the group said, noting that the expansion of large-scale, modern retail outlets will likely result in a gradual change in habits in the years to come.

“With backing from the government in the form of the Rawaj plan and growing investment from both local and foreign players alike, the country’s shoppers look set to benefit from lower prices and greater choice on store shelves,” said the OBG.

Source : map.ma

 

Posted April 8, 2011 by newworldconsulting in Uncategorized

GTF finances two governance projects in Tunisia   Leave a comment

6/04/2011: TUNIS, April 5, 2011 (TAP) – The Governance Trust Fund (GTF), financed by Norway and Switzerland and managed by the African Development Bank (ADB) Partnerships and Cooperation Unit, will finance in 2011 two projects to improve transparency and good governance in Tunisia by means of a global amount worth 584 000 US dollars (about 812 000 Tunisian Dinars).

According to the ADB, the first project provides for the setting up of an African network of procurement markets by means of an investment worth about 244 000 US dollars (about 338 000 TD).

The point is to finance the activities of this network whose aim is to back up public parties and ease the exchange of experiences and good practices at the African level.

The second project, worth about 340.000 US Dollars (about 472 000 MTD), aims to improve the performance of social services and the use of public funds. It is also intended to increase citizens’ role in matters of governance at local and national levels and reach a higher level of transparency in the management of public resources.

ADB will support the implementation of these projects in collaboration with the concerned Tunisian authorities, such as the Ministry of Finance.

GTF Oversight Committee met last March 30 in Tunis to discuss the 2011 action plan, during which it will finance 8 programmes for a total amount of 2,5 Million Dollars in seven ADB member countries, including Tunisia.

Source: tap.info.tn

 

Posted April 6, 2011 by newworldconsulting in Uncategorized

Morocco: 28 % increase in exports mainly phosphates   Leave a comment

6/04/2011 Rabat – Moroccan merchandise exports reached at the end of last February about 26.2 billion dirhams (MMDH), recording an increase of 28% from the same period in 2010, reported Morocco’s exchange rate monitoring body “Offices des Changes”. This increase is due to both exports of phosphates and derivatives that reached 19.7 billion dirhams, up 17.5%, as sales of phosphates and derivatives achieved 6.5 billion dirhams at the end of February 2011, explained the Office des Changes in its monthly indicators of the foreign trade. Exports of natural and chemical fertilizers have reached 2.9 billion dirhams compared to 1.1 billion dirhams a year earlier. Other groups of products, including foreign sales, that rose last February are finished products (+40.2%), raw materials (+39.1%) and finished consumer products (+13%). Conversely, food products exports have declined by 10.2%. Imports of goods, reached at the end of February 2011, approximately 51.8 billion dirhams, a 30.5% year-on-year increase. The Office des Changes said this increase is primarily due to the recorded rise in non-oil acquisitions (+27.8% to 47 billion dirhams) and to a lesser extent on imports of oil (4.7 billion dirhams). The trade balance showed a deficit of 25.5 billion dirhams over the first two months of 2011, compared to 19.1 billion dirhams trade deficit a year earlier.

Source: globalarabnetwork.com

Posted April 6, 2011 by newworldconsulting in Uncategorized

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