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AIRLINES
IN NORTH AFRICA
EXPECT
BUSY SKIES
The airline sector in the Maghreb
region is expanding at a fast pace. National carriers in Morocco
and Tunisia are signing major partnership deals with global airlines as
they modernize their fleet, while Algeria’s private sector has entered
a new phase in its development. Meanwhile international carriers
- Europeans in particular - are preparing to return to two countries that
have been isolated over the last few years.
Morocco
A SUCCESSFUL TOURISM
SEASON
Summer ’99 could be a record year
for the Moroccan tourism industry. Each month since the beginning of the
year, hotels in major tourist areas have been witnessing a rising occupancy
rate and tourists have been arriving in massive numbers.
ALGERIA -Politics
WHERE
ARE THE NEW POLITICAL PARTIES?
The presidential election of
April 1999, and the preceding campaign, promised the redrawing
of the political map in Algeria. Nearly 5 months later the establishment
of new political parties is in its advanced stage.
ALGERIA -Labor Affairs
UGTA
LABOR UNION THREATENS PRESIDENT
The UGTA Labor Union demanded
president Bouteflika to rehire all workers that have been laid off from
state-owned enterprises over the last few years. The organization
says that the reinsertion of workers into the workforce is a condition
for its support of the president’s peace plan, which will also be submitted
to a referendum in September.
Corporate Affairs
SNI
HOLDING STRENGTHENS POSITION IN AGRIBUSINESS
The SNI Group (Societe National
d’Investissement) has
strengthened its position in
agribusiness. The private holding has recently acquired a 16% stake
in the Societe des Brasseries du Maroc (SBM), thus becoming SBM’s majority
shareholder by raising its equity in that company to 51.9%.
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