If the unnamed Algerian officials quoted in recent press reports are to be believed, the future of Orascom Telecom in Algeria is in serious trouble. The Egyptian mobile company and its way of doing business is no longer welcome there, the officials told Reuters. The remarks seemed particularly pointed: just days earlier, the Orascom chairman, Naguib Sawiris, said he would stop doing business in Algeria if told he was not welcome.
Diplomatic relations between Algeria and Egypt are at a low after a bitter and sometimes violent series of confrontations over football matches between the two North African powerhouses. Those confrontations were the last thing that Orascom, which was already locked in a US$600 million tax disagreement with the Algerian government, needed. It is important not to underestimate the fighting spirit of Mr Sawiris, or his willingness to leave a difficult market for the right price. Under his leadership the company has entered and left - and sometimes re-entered - some of the world's trickiest countries.
Mr Sawiris is unlikely to be spooked by the political uncertainty in Algeria. Alongside fighting intense regulatory battles in Italy and Canada, his companies happily do business in North Korea and Zimbabwe. Between the four countries, it is unlikely that there is anything original that the Algerian government could throw at him. But a pragmatist knows when it is time to seek greener pastures, and if told to leave Algeria, Mr Sawiris will likely comply. That will mean Orascom loses its most profitable operation, which generates 41 per cent of revenues and 50 per cent of total earnings for the company.
With its Egyptian network, Mobinil, also locked in a tricky ownership dispute with its joint-venture partner, France Telecom, Orascom now seems to be standing on extremely shaky ground. Mr Sawiris has seen the company through many tough times, but the coming months will be decisive. @Email:tgara@thenational.ae
Straightforward ways to reduce sugar in your family's diet
- Ban fruit juice and sodas
- Eat a hearty breakfast that contains fats and wholegrains, such as peanut butter on multigrain toast or full-fat plain yoghurt with whole fruit and nuts, to avoid the need for a 10am snack
- Give young children plain yoghurt with whole fruits mashed into it
- Reduce the number of cakes, biscuits and sweets. Reserve them for a treat
- Don’t eat dessert every day
- Make your own smoothies. Always use the whole fruit to maintain the benefit of its fibre content and don’t add any sweeteners
- Always go for natural whole foods over processed, packaged foods. Ask yourself would your grandmother have eaten it?
- Read food labels if you really do feel the need to buy processed food
- Eat everything in moderation
Company%20profile
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Company%20Profile
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Jawan
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COMPANY%20PROFILE
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
MEDIEVIL%20(1998)
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COMPANY%20PROFILE%20
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Fixtures:
Thursday:
Hatta v Al Jazira, 4.55pm
Al Wasl v Dibba, 7.45pm
Friday:
Al Dhafra v Al Nasr, 5.05pm
Shabab Al Ahli Dubai v Al Wahda, 7.45pm
Saturday:
Ajman v Emirates, 4.55pm
Al Ain v Sharjah, 7.45pm
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD5
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Confirmed%20bouts%20(more%20to%20be%20added)
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Company%20Profile
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Company%20Profile
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COMPANY%20PROFILE
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Men's football draw
Group A: UAE, Spain, South Africa, Jamaica
Group B: Bangladesh, Serbia, Korea
Group C: Bharat, Denmark, Kenya, USA
Group D: Oman, Austria, Rwanda
UAE currency: the story behind the money in your pockets
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Bahrain%20GP
%3Cp%3EFriday%20qualifying%3A%207pm%20(8pm%20UAE)%3C%2Fp%3E%0A%3Cp%3ESaturday%20race%3A%207pm%20(UAE)%3C%2Fp%3E%0A%3Cp%3ETV%3A%20BeIN%20Sports%3C%2Fp%3E%0A
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5