Search Results for: Algeria

North Africa’s entire paints and coatings market is valued at about USD1.1 billion on approximately 0.5 billion litres of coatings, according to the International Paint and Printing Inks Council (IPPIC). Of this, nearly 60% of the market value and more than 75% of market volume is comprised of decorative paints and coatings, according to data collected for the IPPIC by US-based Orr & Boss Inc.…

THE EXPANSION of Renault’s manufacturing operations in Algeria looks set to continue, providing new jobs in the north African nation, fuelling speculation about its strategic significance. The company has already created 250 direct jobs and 500 indirect jobs according to Guillaume Josselin, chief executive officer of Renault Algeria, through the opening last November 10 (2014) of a car manufacturing plant, based in the coastal city of Oran.…

AUTOMOTIVE dealers in east Africa have welcomed a comprehensive trade deal, finalised earlier this month (Thursday Oct 16), between the European Union (EU) and the East African Community (EAC) as demand in EAC countries grows for European vehicles.

The deal is designed to boost trade, including automobiles and parts, between the two regions.…

As a matter of urgency, the European Union (EU) should get involved in the common purchase of gas, Maroš Šefčovič, newly installed European Commission vice-president for energy has told an international meeting of experts in Brussels.

The meeting was called to discuss energy policy and competitiveness, topics claimed as one of the top ten priorities of the new Commission of president Jean-Claude Juncker, and policies that Šefčovič is charged with coordinating, with new energy and climate action Commissioner Miguel Arias Cañete.…

THE FINANCIAL Action Task Force (FATF) has warned Iran it faces tighter international scrutiny of its financial services and dealings, should it fail to criminalise terrorist financing and boost its suspicious transaction reporting (STR) requirements.

In its latest assessment of jurisdictions failing to comply with FATF anti-money laundering and combating the financing of terrorism (AML/CFT) recommendations, the global AML body singled out the Islamic republic, giving Tehran until February (2015) to make reforms, or face the consequences.…

THE EUROPEAN Commission dispatched on Friday (Aug 1) an emergency shipment of 1.1 million foot and mouth disease (FMD) vaccines in Algeria and Tunisia after the first cases in 15 years were detected in these countries. Industry spokesmen told the Meat Trades Journal they welcomed the move as there are worries the highly contagious virus might find a way of spreading to European cattle, sheep and goat farms.…

Chinese construction firms have cornered plenty of business in Africa and Latin America, but they need upskilling to consolidate their position. Anyone who observes the queues of nervous young men lining up in the early morning in Beijing’s tree-lined Sanlitun diplomatic district will be in no doubt of the intensity of Chinese activity in Africa and Latin America.…

The cogeneration market in Turkey is in flux. Overall combined heat and power (CHP) capacity has dropped over the past decade from 15% of total energy capacity in 2004, to 14% in 2013, primarily due to high oil and gas prices in the wake of market liberalisation that made CHP less cost effective.…

The Middle East and North Africa (MENA) region ranks poorly in intellectual property rights protection and enforcement. While some countries, notably in the Gulf, are gradually improving, political and economic uncertainty in the wake of the Arab Spring uprisings is hampering progress in much of the rest of the region.…

NEGOTIATIONS for a renewed International Agreement on Olive Oil are intensifying in Madrid. The agreement runs out at the end of this year and its member jurisdictions, of which the European Union (EU) is the biggest, are working to forge a new agreement by December.…