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Bad & Good News
المركز
الجزائري-البريطاني للتجارة
و الاستثمار
25.08.2008
cliquez sur le lien pour lire plus Merci
***
17.08.08
Third and the
Final Scandal of Mister Temmar before his departure!!!
Tous
les projets d’investissements sont annulés
Grave décision: le chef du gouvernement vient d'adresser une note aux walis leur ordonnant de geler tout projet d'investissement national et étranger et d’attendre de nouvelles instructions.
Selon le Quotidian d’Oran qui donne l’information, il semble
que la note d'Ouyahia est la conséquence du dernier discours de Bouteflika le 26 juillet dernier devant les maires et au cours
duquel il avait lâché: «nous avons fait tout faux”, remettant en cause tout ce qu'a entrepris Abdelhamid Temmar à ce
jour dans le domaine.
« Premier conseiller économique de Bouteflika depuis son intronisation à la tête de la présidence
de la République, Temmar est non seulement interpellé pour avoir, à entendre le Président, échoué dans sa mission de privatiser
le secteur public et d'engager le pays dans des partenariats rentables, mais il semble être appelé à revoir sa copie. Sa toute
dernière est, pour rappel, la stratégie industrielle qu'il a lancée en grande pompe par la tenue d'assises où se sont rencontrés
tous les animateurs de la sphère économique ainsi que les experts de tout ordre. C’est par la mise en oeuvre de cette
stratégie que Temmar dit vouloir appliquer des politiques où s'entremêlent privatisation, partenariat, promotion de l'investissement
et redéploiement du secteur public. »
Première
décision pour revoir les choses en la matière, la note envoyée par le chef du gouvernement aux walis pour que** tous les dossiers d'investissements soient gelés «jusqu'à nouvel ordre»**. Ce
«nouvel ordre» est sans doute retenu en prévision d'une révision des lois et textes sur la privatisation, le partenariat et
l'investissement et même ceux réglementant leur gestion par l'ANDI.
13 August 2008
The second scandal after the president speech with the national
Mayors
4,500 Tonic’s employees
lose their Jobs
The head of the Algerian League for Human Rights, hocine Zehouane
Wednesday qualified the situation prevailing in the giant paper group “Tonic” as a dangerous slide, calling on
the Algerian president to intervene to stop the “massacre”.
- Talking
on a conference call at the league’s HQ here in Algiers, the professor Zehoune declared that the legal procedures decided
by the liquidator to forbid the general managers’ group along with his assistants’ entrance to their offices,
as an arbitrary action.
- He
added” the use of security forces in this context was illegal because this decision has to be ordered by a judge.”
But he denied any attempt to mix his association in this case saying that he was only referring to the legal incoherencies
in the case.
- Various managers of the group decide to resign as reaction against what they consider as a pure
“witch hunting” and deliberate destruction of group they worked for a decade to build.
---
The First scandal after the president speech
with the national Mayors
As a reaction to the criticism
launched by the Algerian president towards foreign investors, the government has appointed experts to carry out a thorough
survey of the direct investments at the level of the National Office for Investment’s Promotion in Algeria. ...
French companies to manage Algiers Metro
05 August, 2008 from inside Algeria
Algiers Metro the Legend!!!
Algerian Minister of Transport, Ammar Tou Sunday said
first batch of Algiers Metro’ wagons will be imported from a Spanish company next October.
-
A French
company will be in charge of conducting Algiers Metro, according to the minister who refused to say when works would be ended.
The Metro is supposed to open its gates for Algerians in the end of the current year.
-
Algerian
minister of transportation added that “the process of conducting” Algier Metro will be supervised by experts and
engineers. “It is the fourth in world which will be operated according to automatic conducting as it is in New York,
Paris and Barcelona”.
We warned the government and the National Agency
of Investment ANDI
with report of 23 pages concerning the direct Investment’s and others mistake in the Algerian Investments regulation, without
National Bank Warranty or International Guarantors but our worries were mot taken in consideration. At the main time
when we were in process between the** National Saving Agency CNEP** and our clients **Investors**to achieve
the project Setif-El -Ali Tower no responsible or Institution supported us! and this is the result of our worries!!!! Mr. Serrai Zahir 02.08.2008- Please read the article below-.
As a reaction to the criticism launched by the Algerian president towards foreign
investors, the government has appointed experts to carry out a thorough survey of the direct investments at the level of the
National Office for Investment’s Promotion in Algeria. Read as well comment as copy of our report published by AL KHABAR on 07.08.07
Full story ...
Actualité (2 Aout 008)
Après les sévères critiques du président contre les garants du processus
Privatisation: qui va
payer l’échec?
Par: Azzeddine Bensouiah
Lu: (1586 fois)
Le sévère réquisitoire
du président Bouteflika à l’égard du processus de privatisation et du bilan des investissements directs étrangers n’a
pas encore livré tous ses secrets. Abdelhamid Temmar paraît la principale cible des critiques acerbes du
chef de l’État.
Mais, à y voir plus clair, force est de constater que les choix stratégiques opérés depuis 1999,
et même bien avant, en matière économique, ont tous péché par un manque de lucidité et une trop forte prudence vis-à-vis des
investisseurs, nationaux et étrangers.
En disant “stop” au processus des privatisations, tel qu’il est
mené, le président de la République plonge tous les gestionnaires du secteur économique dans le désarroi. Dans la mesure où
ces derniers ont toutes les peines du monde à mettre en œuvre la nouvelle stratégie industrielle décidée par Abdelhamid
Temmar, et qui devait constituer l’aboutissement de plus d’une décennie de réformes, de restructurations et autres
opérations d’assainissement et de mise à niveau des entreprises publiques.
Les critiques de Bouteflika visaient-elles
la stratégie industrielle ? Si tel est le cas, il y a lieu de se demander s’il y a une solution de rechange. Car, au-delà
des personnes, et au-delà des formes, c’est du devenir du tissu industriel agonisant qu’il s’agit. Les gouvernements
successifs se sont essayés dans des réformes visant, toutes, à sauver ce qui pouvait l’être de l’appareil de production
national. Ils ont tous injecté de l’argent, changé de gestionnaires, de modes de gestion, de portefeuilles, sans que
les entités publiques ne soient devenues fiables et compétitives. Ils ont opté pour un partenariat avec les étrangers. Ce
dernier ne vient pas, ou très timidement. Ils ont opté pour les privatisations. Celles-ci ne viennent pas ou ciblent particulièrement
des secteurs lucratifs, au détriment de l’appareil de production et des secteurs générateurs de richesses et d’emplois
pour le pays.
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This is True!!! but we add 3000 over or more Mister Zerhouni ! to be honest .
6,000 administrative illiterate employees in Algeria: report: Who has recruited them?
source echo-chorouk el youmi
The latest report of the common fund of local community revealed
that the municipal budgets bankruptcy is mainly due to wage burdens which are still representing 75 percent of necessary expenses
for these budgets.
-
The instruction
level of local elected is very important for the management of citizens’ affairs. A total of 1,451 municipalities
count 9,654 executives with high studies degrees while there is no executive in 700 municipalities. This is due to a lack
in financial resources meaning that 9,654 executives are managing 35 million people’s lives. That mrepresenting 86 percent.
That means that they have no professional qualifications, in addition to 75 percent of excutives who are managing municipalities.
-
The study
also reveals that 2,602 administrative agents are illiterate. Most of them are holding important positions in municipalities
in addition to 8,211 people who have primary level. The number of administrative agents who have average level are estimated
at 1,601 agents and those who have secondary level are estimated at 1,503. A total of 9,654 executives who have high
educational level hold positions in engineering positions or others. The number of general administrations’ agents in
local community is estimated at more than 45,000.
-
This study
reveals that the agents with the lowest level hold the position of execution. That explains the factor of low performance,
especially the one which requires a sort of skills. eans
every excutive is conducting 6,218 citizens.
-
According
to this study, supervision remains far from efficiency measures. Moreover, controlling agents represent only 14 percent of
the total staff while the largest proportions of municipal officials are executive agents
---
29.07.2008 |
|
Imports exceeded $ 2,9 billions
Inflation rate hits 6.9 points during 2008 first half
The inflation rate in Algeria has reached 6.9%, during 2008
first half, as a result of the soaring food prices hitting 11.2%, the industrial food hit 16.5%, and the agricultural fresh
food’s increase reached 6.5%.
According to the national office of statistics, ONS, the prices’
raise of the industrial goods and services is estimated at 1.09%, during the same reference period. The bill of the grains
imports hit $1.9 billion, with an increase estimated at 113.53%, compared with the same period last year 2007.
Moreover,
the bill of the drugs reached $774.79 million, while such a figure did not exceed $683 million in 2007, an increase valued
at 15.36%. |
---
29.07.2008
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President Bouteflika meets Mayors and
Prefects
Policies we adopted have not achieved
objectives previously drawn says President Bouteflika
The President of Republic
Mr. Abdelaziz Bouteflika has draw up a negative balance sheet of the 9 years in office, “the investment
has created parasitical companies,” “the state-owned companies suffering from financial distress, are still not
interesting other companies,” said Mr. Bouteflika, “the strategy we adopted has failed,” he added.
In this regard, the President of Republic has
expressed his dissatisfaction of the negative balance sheet of his term, in a speech he addressed yesterday to the Mayors,
Prefects, and the Ministers meeting in Algiers. After 10 years in power, President Bouteflika said that the policy adopted
by his Government, failed, “we should review our policy as it has proven its failure,” added President Bouteflika,
drawing a black image, “I am not making any party responsible of the situation,”
Moreover, President Bouteflika has severely criticized the conduct of the unemployed people, who refuse working in some
sectors, in some provinces, “job opportunities are offered for this category in several sectors as like the construction
and agriculture, but both sectors are boycotted by this category of the society, they prefer working as a night guard, and
in the administration, such a kind of people are not unemployed, but a blight on society,” has indicated Mr. Bouteflika.
According to the President, Algeria is now synonym of drug trafficking, black market, and other social blights.
Furthermore,
in his speech, President Bouteflika criticized sharply the investing companies, saying that the investment projects should
not focus only on drinks production, adding that all the investors should not be granted the same prerogatives; it is unconceivable
to grant the same prerogatives for a company investing $1million, and another investing $5 million.
In this context, President
Bouteflika has criticized sharply a foreign company, which invested $700 millions, but after 2 years of operation in Algeria,
it transferred $2 billions abroad.
Mr. Bouteflika has approached all the ongoing issues, without addressing neither the
amendment of the Constitution, not alluding to running for a third term. |
24-07-2008
Emirates and Iran likely to bring oil prices to record levels
OPEC to hold an extraordinary meeting in Algeria in December
The Organization of Petroleum Exporting Countries,
OPEC, is to hold a ministerial extraordinary meeting in Oran, western Algeria, as by 17 December.
It is to be devoted for
discussing developments of the market amid intention of Emirates to reduce production as by next October.
OPEC extraordinary
meeting is to follow the ordinary meeting scheduled for September 2008.
However, Oran meeting is to be held in specific
circumstances. Several press agencies quoted an official within Abu Dhabi Oil Company saying the United Arab Emirates is intended
reducing oil production by 150 thousand to 200 thousand barrels a day for a period of 40 days, between October and November,
for maintenance works in some production units there.
The decision of the UAE and the rejection of Iran to increase production
are likely to bring oil prices again to record levels later this year, after hitting previously 150 USD, before dropping down
to $132 a barrel
---
British H.S.B.C bank in Algeria in 2 months
23-07-2008
British Ambassador to Algeria Andre Anderson Sunday said H.S.B.C bank will be practically
working in Algiers in the next 2 months .
-
In a press conference held in the commercial chamber in Annaba
province ( East of Algeria), the Ambassador indicated that the opening of the British bank branch is a signal of successful
extension of Algerian British relations, additionally with Algerian living in the United KingdomA
-
Algeria hosts 40 British investors mostly working in Pharmaceutical
fields.
ABBC- Ltd Source
---
“Black market main problem
facing our products in Algeria”
21-07-2008
The products of the U.S hardware producer and
supplier giant HP in Algeria, are not suffering from imitation, but rather from the commonly called the black market as a
great number of importers introduce HP products through illegal ways, said the Chairman of HP Algeria, Mr. Riad Elmensali.
In
this regard, the same source indicated that the company has submitted a complaint to a consultancy group at HP over fake products
marketed in Algeria, but their origin still not determined.
Mr. Elmensali further mentioned that HP branch in Algeria
will hold a training session for all its authorized dealers in view of making them aware of the fake products, and contributing
in the fighting of the phenomenon.
Specialists in forgery have taken part in the training, in the framework of the
program intended to Africa, and Middle East, launched by the mother company. Algeria and Kenya have been chosen for the introduction
of such a plan.
Ethical
investment conference in Britain
11/14-07-08
London has become a major global economic centre
with a reputation as a magnet for overseas investments.A long list of distinguished speakers from the financial and Muslim
world will attend and share their expertise.Key speakers at the event confirmed so far include: The event is open to invited
delegates from across the financial spectrum and is supported by the Arab British Chambers of Commerce, Algerian british Business
Centre and the LDA.
This conference is part of a unique event which will be taking place at Olympia from 11 to
14 July. These four days event will host an array of exhibitions, concerts, debates, fashion show, fairs, lectures and much
more.
Ismail Patel, Director of IslamExpo said “This event will be an opportunity to build bridges between Britain
and the Muslim world. Ethical
Investment in Britain Conference 08 is an important part of IslamExpo program and will be
a highlight of British Muslims' commitment towards the prosperity of our country".
-Dr I. Usmani, Meezan Bank
-Penny
Shepherd MBE, Chief Executive UKSIF
-Prof. Rodney Wilson, Durham University
-Zahir Serrai,ABBC Stc
-Keith Leach ABC, Head
of Alburaq
-Tariq Devany, Zest Advisory
-Mike Gourlay, Think London
-Richard Thomas, UKTI
-Imogen Dillon-Hatcher,
Managing Director
for EMEA
-Rushdie Siddiqui, Global Director Islamic
Indexes Dow Jones
-Mohsen Moustafa, Chairman
Islamic Bank
of Britain
-Mike Mulvey, Olympic Legacy.
Germany on the road
German
Chancellor Angela Merkel is to visit Algeria on Wednesday for political and economic talks with Algerian President Abdelaziz
Bouteflika, government spokesman Ulrich Wilhelm announced Friday at a routine weekly news conference.
Merkel will lead a high-ranking economic delegation during the
two-day trip to the North African country.
The German leader is also scheduled to hold a speech for the
German-Algerian Chamber of Commerce in Algiers.
Germany has boosted its role in major infrastructural projects
in Algeria over the past three years and is also interested in the energy sources of the Arab country in a bid to lessen its
dependency on Russian oil and gas.
Algeria is the third biggest supplier of gas to the European
Union after Russia and Norway.
Last year, Germany was Algeria's fifth important exporter with
a volume of 1.76 billion euros after France, Italy, China and the US.
Ahmed Ouyahia : l’économie
se porte mal
L’économie nationale est en panne ! Ce vieux constat,
bien connu des Algériens, émane cette fois-ci de Ahmed Ouyahia, fraîchement nommé pour la troisième fois chef du gouvernement.
« Notre pays est toujours gravement dépendant des seules recettes du pétrole, y compris pour garantir notre alimentation importée
», soulignait-il hier à Alger dans son discours à la cérémonie d’ouverture des travaux du 3e congrès de son parti, le
RND. Louant les progrès accomplis au plan économique et social, le secrétaire général (réélu hier) du RND se demande si l’Algérie
est à l’abri d’un nouveau krach économique semblable à celui vécu dans les années 1990 et qui a nécessité, à ses
yeux, un « humiliant rééchelonnement » de la (...)
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UK Ambassador to Algeria Mr. Andrew Tresoriere Henderson
to El Khabar forum
We are working to attract more British companies to engage
investment projects in Algeria
The Ambassador of the United Kingdom to Algeria, Andrew Henderson
says in this interview with El Khabar that the Algerian market requires more clarity, pointing out that there are significant
efforts targeting changing the negative vision stuck to Algeria in the eyes of investors.
El Khabar: there have been recurrent visits to Algeria from British businessmen and company’s
representatives, are there any barriers facing the British investments in Algeria, and how the British companies conceive
the idea of investing in Algeria?
Mr. A.H: I am working
personally, altogether with the embassy’s trade and investments service, to attract new British companies to invest
in the Algerian market, while making them aware of the occasions offered by this potential market. It is true that the existing
challenges should be faced, and especially the bad image some investors have gotten about Algeria. We should work together
to convince the investors that the Algerian market is open for all foreign investments, because such investors are likely
to do business in other sectors, but not only focusing on the hydrocarbons sector.
El Khabar: how do you assess advantages and the drawbacks of the Algerian investment market?
Mr. A.H: the Algerian investment market is promising, and offers many investment opportunities
to the British companies, and it is not different to the other markets, but needs to be clarified in terms of the license
to be applied for, and the investment amount. The stepping up of the process of the registering of exportable products is
likely to attract some British pharmaceutical companies.
El Khabar: British Petroleum is an example of a successful investment; will the British companies
engage in non-hydrocarbons investment projects?
Mr. A.H :41 companies
have taken part in the international fair held recently in Algiers, as you have noticed, all these companies are not operating
in the hydrocarbons sector, and this demonstrates undoubtedly that the British investments are tending to other sectors as
the consumption products, the English learning, training, and the financial services. But the British companies have been
disappointed because of the 3-days delay made by the organizers.
El Khabar: HSBC Bank has decided opening a branch In Algeria, but the license he applied for
delayed; will this issue discourage the other British banks?
Mr.
A.H : bureaucracy was the a barrier curbing the investment in Algeria, however the British companies recognize the business
opportunities, and they will seize them, in this regard, the visit of the Mayor of London, has boosted the financial cooperation,
and paved the way to the establishment of HSBC bank in Algeria. you know that the idea of the HSBC Ltd was
from the ABBC Ltd in Kingston upon Thames* south London* since 2006, in that you should be proud
of having Mr Serrai Zahir an Algerian full hope to participate
in national development unfortunately he still having problem with the Algerian executive institutions
El Khabar: what about the case of Khelifa?
Mr.
A.H : the Khlifa case is now before the hands of Justice, only the court and the Judge are empowered of making a decision.
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Dear Serrai Zahir,ABBC Ltd Ceo UK
Kitty Ussher on the UK as the WesternGateway
to Islamic Finance
Kitty Ussher MP, Economic Secretary to the Treasury, will offer insights into why the UK
is fast becoming a major western gateway to Islamic Finance during the Keynote session at the World Islamic Banking
Conference: European Summit (Euro WIBC 2008) on the 8th of July 2008. As the industry becomes increasingly
global, London is positioning itself to become the leading western financial centre for the fast-growing industry of Islamic
banking. The Economic Secretary has recently announced the Government's response to the consultation on a sterling Sukuk issuance
saying the government favoured a 'bill-like' Sukuk programme which could be fully integrated with the conventional Treasury
bill programme.
 Kitty Ussher MP
Economic Secretary to the Treasury
HM Treasury |
|
"Today's discussion has emphasised both the importance of the Islamic finance sector to the City
and the Government's commitment to ensuring the continued growth of this important sector in the future. The Government is
determined to maintain its momentum on work on Islamic finance and to make clear to stakeholders its commitment to this industry.
"As such, we want to reiterate our aim to publish a paper detailing the UK strategy on Islamic finance by the end
of 2008. This paper would clarify the role of the Government in the development of this sector and importantly, the steps
that industry will need to take to ensure that Islamic finance becomes one of the UK's success stories." |
Euro WIBC 2008 brings to London a high-profile speaker faculty and a platform for providing ground breaking
insights into the key developments driving Islamic finance in the European markets. Abdi Shayesteh from legal firm King &
Spalding notes that holding an event of the magnitude of Euro WIBC in the UK is of great significance as the global competition
in Shari’ah-compliant banking reaches new heights.
“Its presence in the UK capital
signals a major shift in the West in the perception of Islamic Finance and Banking. I am delighted to be a part of this inaugural
conference and I look forward to sharing my expertise in areas of corporate finance and bank regulatory matters relating to
Islamic finance, emerging growth industries and international business transactions.”
This major international conference enjoys the support of Bahrain Economic Development Board as Jurisdiction
Partner, and Kuwait Finance House-Bahrain as Platinum Strategic Partner. In addition, the conference also enjoys the support
of leading international institutions such as UK Trade & Investment, Ernst & Young, InfrasoftTech, Calyx Financial,
Al Rajhi Financial Services Co, ITS, Trowers & Hamlins, Moody’s Investors Services, UPS, Global Securities House,
Locate in Birmingham, DDCAP, Bank of London and the Middle East, Path Solutions, Standard & Poor’s, Securities
& Investment Institute, Advantage West Midlands, CIMA, Fitch Ratings and International Financial Services. | |
Secure your place now at the WIBC: European Summit and join more than 400 international
delegates to seize the growth opportunities for Islamic finance in Europe. |
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Yours sincerely,
David McLean
Managing Director
The World Islamic Banking Conference: European Summit
A MEGA
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