Join ANIMA Investment Network and support economic development of the Mediterranean
Since November 2006, the main Mediterranean Investment Promotion Agencies (IPA) have created a common structure aiming at sustaining and amplifying the work initiated with the ANIMA programme since 2002. The association ANIMA Investment Network is open to every IPA, Enterprise, Organisation and People interested in the economic development of the Mediterranean. Individual members can join the association directly on line. For IPA, professionals, international organisations or companies working in the Mediterranean, there are more extensive co-operation offers (ANIMA club, partnership, sponsoring etc.
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Good bye ANIMA !.
The project is drawing to an end but will definitely be continued by the new inter-govermental plaform ANIMA Investment Network, which gathers 20 Euro-Meditterranean IPAs and territories interested in FDI development. Same missions and an upgraded web site to be released in July.
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MEDSTAT : Euromed statistics released by the European Commission
The trilingual euro-mediterranean statistics bulletin 2006 has just been released. Covering periods going until 2005, more than eighty tables and graphs gather the data of ten Mediterranean partners countries (MPC) beside those of the 25 members of the European Union and three countries of EFTA.
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Syria switch from dollar peg to IMF drawing rights
Syria will switch from US dollar peg to IMF's special drawing rights in july 2007, hoping to give its Pound more stability.
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Algeria– ENVIRONMENT - New tender launched for desalination plants: 13 companies bidding.
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Algeria– TOURISM – Tender for the management of the biggest hotels in the capital.
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Egypt – INDUSTRY – 42 Investment projets to be set up in Port Said.
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Egypt – TELECOMMUNICATIONS – The Egyptian government announced it will issue a second fixed line license in 2009, putting an end to Egypt Telecom's monopoly.
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Jordan– PHARMACY – The Jordanian pharmaceutical industry is thriving, in compliance with the strictest WTO's intellectual property rules.
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Morocco – ENERGY – Morocco will need a new refinery shortly.
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Morocco– INSURANCES – The sector of the insurance is progressively liberalising, under the effect of the free exchange agreement with the USA.
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Tunisia– BANKING – Call for interest in Banque Tuniso-Koweitienne and Banque Franco-Tunisienne privatisation.
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Turkey– ENERGY – Tender announcement for privatisation of 51% of Petkim Petrokimiya Holding.
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Algeria - Electronic ware
Dell - The American computer giant opens a representative office in Algeria.

Algeria - Industry
Cevital intends to launch several projects in Algeria, creating about 100 000 job according to its President Issad Rebrab.

Egypt - Electric, electronic & medical hardware
Digicom - The telecom equipment producer chooses local Stars Group as exclusive representative in Egypt and ME to set up 10 million € factory.

Israel - Drugs
Sun Pharmaceutical - India's Sun Pharmaceutical to acquire Israeli generic drug maker Taro for US$454 million.

Jordan - Metallurgy & recycling of metals
Fujikura - The firm teams up with Jordan New Cable Company and MESC Specialized Cables of Saudi Arabia for a $49.4m cabling manufacturing facility.

Libya - Energy
Gazprom - Gazprom to invest US$ 210 million to prospect and develop an offshore hydrocarbon block with NOC.

Morocco - Banking
To expatriate moroccans set up a low cost money transfer service with Accord and Mastercard.

Morocco - Data processing & software
French games developer Ubisoft Entertainment to expand its studio in Casablanca with government backing..

Syria - Banks, insurance, trade, media
Arab Bank Syria, a 51/49 JV between the Jordanian bank and local partners, to double its capital to SYP 3 billion (43 million €).

Tunisia - Data processing & software
Satec - Home-grown Netcom bought by a Spanish company aiming at using Netcom to export ITC services in the region.

Turkey - Banking
ING - Turkey's Oyak Bank to be sold to Dutch ING Bank for US$ 2.7 billion.

Egypt– An industrial zone to be established on the Mediterranean coast
To manufacture Russian automotive, aircraft and engineering.
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Egypt– GAFI role reinforced
The government would let GAFI and the private sector more freedom to develop and promote the investment zones.
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Israel– Morgan Stanley is confident in Israel's economic strength
“It has transformed from a country that borrows money from the world, into a country that lends it”.
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Israel– Israël has the largest per capital investment in R&D
Swiss International Institute for Management Development ranked 55 countries.
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Jordan – Financial sector is in good health
Benefits grew over 20% since last year. .
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Lebanon – HP to support company creation
A Microenterprise Acceleration Program (MAP) developed in Beirut. .
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Lebanon – Nationality of the board members is no longer an issue
The members of the board of directors of joint-stock or holding companies do not have to be Lebanese nationals anymore.
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Syria– Bank Audi Syria supporting SMEs
The bank attributes loans from 20.000 to 100.000 $ for SMEs and free professionals.
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Turkey– OECD plans 6% growth in 2006
Published in the “World Economic Outlook”.
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Turkey– E.On to invest 6 billion € in development
The group will invest 6 billion euros for growth initiatives in Turkey, Russia and Southeastern Europe.
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20-24 Novembre 2007 – Mediterranean Economic Week, Marseille, France
Save the date and plan to stay in Marseille for this week where over 12 economic events on Mediterranean will be held, including several recurring conferences (Euromed Investment Summit of The Economist, Medinnov 3, Rendez-Vous Economiques de la Méditerranée from the Cercle des Economistes and Institut de la Méditerranée, and Aspen Mediterranean Conference). More information given during the summer.
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