Search Results for: Algeria

THE NORTH African paint market has yet to rebound from the political and economic unrest in Libya, Tunisia and Egypt over the past three years. Demand remains sluggish compared to 2010, with many projects and government tenders on hold.

In Egypt, the 180 million litre paint market, valued at USD275 million, said Yasser Hassan, marketing and national retail sales manager, decorative department, at Jotun Paints in Cairo, dropped 10% in 2011 following the uprising against President Hosni Mubarak.…

TURKEY’S paints and coatings industry has set itself the target of becoming the third largest paints and coatings sector in Europe by 2023 as it seeks to become a key regional hub within the international industry as a whole.

According to data from Turkey’s Association of Paint Industry (Boya Sanayicileri Dernegi – BOSAD), the size of the Turkish paints and coatings market reached 840,000 tonnes in 2012, with a value of USD2 billion.…

SINCE 2007, Turkey has been on the receiving end of repeated warnings from Financial Action Task Force (FATF) to improve its combating the financing of terrorism (CFT) regime. While an anti-terrorism bill has now been passed, shortcomings still remain and new risks have emerged in Turkey’s difficult neighbourhood.…

THE EUROPEAN Parliament has voted to reduce the support the European Union (EU) gives to the traditional biofuel sector, backing European Commission proposals to amend the renewable energy directive (2009/28/EC). MEPs agreed that the law should insist that first-generation biofuels (from long-standing sources, notably food crops) should not exceed 6% of EU energy consumption in transport by 2020, compared to the 10% target for all biofuels in the existing legislation.…

TWO of the world’s largest fertilizer suppliers will face investment cuts after Sweden’s four largest national pension funds decided to sell their holdings over purchases of phosphate rock in the disputed Western Sahara region.

The decision to sell stock in Canada-based PotashCorp and Australia-based mining company Incitec Pivot came on the recommendation of the funds’ joint Ethical Council, which keeps tabs on allegations of environmental and human rights violations among the portfolios of the A1, A2, A3 and A4 funds.…

In the West Bank, everyone calls him ‘The Godfather’ or ‘The Duke of Nablus’ – Munib al-Masri, 79, is the richest Palestinian, the patriarch of a prominent Palestinian family that has produced bankers, consultants and politicians, and also one of the most influential.…

By Kaci Racelma, in Tizi Ouzou, Algeria; and Paul Cochrane, in Beirut 

This article appeared last March (2012) in Commercial Crime International, a specialist title run by the International Chamber of Commerce. It foreshadowed the Islamist-related unrest and rebellion that actually occurred later in Mali and Algeria….

COMMERCIAL crime may not be as omnipresent in North Africa as in some other parts of the world, but companies operating in the region have risks to contend with. Corruption is rife, smuggling across the borders with Sub-Saharan countries is a major activity, and terrorist groups such as Al Qaeda in the Islamic Maghreb (AQIM) are in the ascendancy. Kaci Racelma and Paul Cochrane take a detailed look at these problems.

 “CORRUPTION is systemic in all of the Maghreb, and not likely to change,” said Dr Geoff Porter, a political risk and security consultant specialising in North Africa. “We’ll have to see what happens in Tunisia. It was a cesspool of corruption under the previous government and while the new one seems to have a zero tolerance policy to corruption, it has not been in power long enough to gauge its effectiveness,” said Dr Porter, founder of US-based North Africa Risk Consulting.…

THE ARAB Spring may have increased short-term doubts about the political stability of Europe’s southern and eastern Mediterranean neighbours, but the long-term case for energy cooperation between these regions is surely unarguable.

Europe needs more energy than it can generate, and it has (for the time being at least) money to buy energy from north Africa and the Levant.…

THE EUROPEAN Food Safety Authority (EFSA) has advised the European Union (EU) to launch a series of studies to help assess the risk of Rift Valley Fever being introduced to livestock and humans in north Africa and the Middle East, potentially threatening Europe.…

WHEN the authors of the US declaration of independence said that “Life, Liberty, and the pursuit of Happiness” were goals of their nascent state, they knew what they were talking about. For what is the point of life and the freedom to direct it, if it does not generate happiness?…