Suez Canal: the fragility of the giant.

 The Gulf of Suez and the Nile Delta were united by the genius of men long before the official inauguration of the present Suez Canal. The Egypt of the Pharaohs had perfectly understood the need to control the river and sea routes, both for the survival of its population and for its economic development.

When the French diplomat Ferdinand de Lesseps founded the Suez Company in the 19th century and signed a 99-year concession with the Viceroy of Egypt, the aim was to link the Mediterranean to the Red Sea in an exceptional project that would last more than ten years. Egypt's desire to modernize and the context of strong development of international trade was the framework for this large-scale project with an obvious geopolitical dimension.

The management of this mythical canal will nevertheless often be challenged by international political crises and the regional conflicts of the second half of the 20th century.

In 2014, the new Suez Canal was launched by Marshal AL-Sissi, anxious to revitalize the Egyptian economy but also reinforce the legitimacy of the military regime at the time.

Except for very rare exceptions during times of conflict, the flow of ships has always been permanent and dense, with about fifty very large ships per day.

The heart of the international markets beats to the rhythm of these flows, as the Suez Canal remains a major and unavoidable route for international trade, with nearly 10% of the world's maritime trade being conducted through it.

More than 19 000 merchant ships passed through this waterway in one year, bringing, according to experts, the equivalent of more than 4 billion euros to Egypt for the year 2020 alone. The Egyptian government is not hiding its desire to double the Canal's revenues by 2023 and to create more than a million jobs in this high growth projection. 

It is therefore understandable that the international markets froze in their tracks at the end of March when the ship "Ever Given", a very large carrier of more than 200,000 tons, caused the world economy to lose nearly 400 million dollars per hour by accidentally running aground in the middle of the Suez Canal.

Behind this giant of the seas, nearly 100 billion dollars worth of goods and hundreds of large merchant ships remained blocked for several days, to the great dismay of economists and certain governments, including that of Egypt, which immediately realized the highly sensitive nature of the situation.

In a few hours, the oil supply became a major international concern and the New York and London stock exchanges panicked.

Japan, the country of origin of Ever Given's owner, expressed its deepest apologies and distress at this economic disaster with worldwide repercussions, while the Netherlands, the United Kingdom, the Middle East and Turkey mobilized to try to unblock the situation.

Fully aware of what was at stake, Russia immediately offered its help and at the same time recalled the importance of diversifying maritime access routes, stressing that the route from the Arctic, which is much more accessible and practicable since the ice melted, is a commercial route of the future...

The message Russia is sending to the world is impressively accurate and there are lessons to be learned...

 The reason why a stopped ship can impact the world economy in a few hours is that the Suez Canal is a highly strategic maritime route, not only because of its geographical (and therefore political) location, but also because it is a unique route in many respects.

Without it, traffic would have to bypass the African continent or use much more complex and lengthy routes, an inconceivable solution in terms of cost and profitability.

Yet Egypt has implemented a policy of doubling the Canal's shipping lanes to make maritime traffic more profitable and competitive, and to optimize the fluidity and frequency of the passage of large carriers. It is nevertheless true that betting everything on a single passage at the crossroads of the Gulf, Europe, Africa, and Asia is, despite everything, a highly risky bet.

Moreover, the rail and land routes, although allowing the transport of smaller volumes of goods, deserve to be developed, in a more pragmatic, perhaps a more reasonable approach to globalization.

Finally, it is important to stress that the particularly optimistic forecasts of growth in Suez Canal activity, formulated by Egypt, remain totally conditional on the maintenance of a stable world situation from a political and economic point of view.

                                                                                                                                Riadh BENAÏSSA.

The outlook for the African economy in the coming months: between growth and debt.

 Interview by Mr. Riadh BENAISSA

After a phase of strong recession, largely due to the global health crisis, the African continent is preparing, according to the African Development Bank and the French Development Agency, to experience an economic upturn. Despite the unusual context, there are clear signs of a growing recovery.

As Mr. Riadh BENAISSA points out, "with the arrival of Covid-19, Africa has experienced an unprecedented cataclysm. The health impact was violent but not as violent as the one that hit its economy hard, with a recession of almost 3% throughout Africa. Nearly 40 African countries have been hit by this phenomenon, which is exceptional. "

African economists are predicting growth of 3.4%, while the International Monetary Fund is a little more cautious about the level that could be reached (3.1%).

As a connoisseur of this territory and its potential, Mr. Riadh BENAISSA specifies that not all African states have experienced the same type of ordeal, even though he recognizes that all have a certain capacity for growth and resilience.

South Africa, for example," says Mr. BENAISSA, "has been weakened by its high dependence on external demand, particularly in the field of metals. It is a country that was therefore highly exposed to the global economic risks of the health crisis period.

Conversely, for Nigeria, whose GDP is the highest on the African continent, growth declined during the crisis by -4.3%, which is significantly lower than the African average.

But Africa is a continent of great contrasts.

Egypt, for example, with a more diversified economy and a relatively stable domestic the market will have seen little impact from the collapse of tourism over the past year.

However, as Mr. Riadh Benaissa rightly points out, "the economic and health crisis has caused an exceptional increase in African debt, with immediate and direct impacts on budget balances. It is highly likely that fifteen or so African states will increase their indebtedness in the coming months until they are probably over-indebted, which is already affecting six of the 54 African countries. International support and the contribution of private funds could usefully consolidate the beginning of growth in the African economy".

“We must not forget, that international financial aid has become scarcer in recent months, which was to be expected given the context. However, this reduction should not be allowed to last, otherwise, the African economy will be permanently weakened, while real signs of positive progress are appearing. "

This point was noted very early on by the rating agencies and international financial organizations, which pointed out that some states had simply sacrificed certain key areas of their government action, such as education and health.

"Furthermore, Africa has high financing needs with almost $1.2 trillion between 2020 and 2023. Where it is imperative to be vigilant, according to Mr. BENAISSA, is on maintaining the exceptional dynamism of West Africa whose countries have a growth model mainly based on public investment. Therefore, it will be imperative for these countries to give a more important place to the private sector. Oil exporting countries should be able to re-emerge economically fairly quickly. This is particularly true of Algeria and Angola. Economies that are essentially centered on tourism (Morocco or Mauritius, for example) should, according to the most accurate estimates, achieve growth of almost 6% in 2021.

More generally, for the continent as a whole, prioritization of spending will have to remain a strong objective for the months to come. However, Mr. Riadh BENAISSA indicates that "despite the announced and very probable growth, the African debt will undeniably increase and poverty is likely to be more and more widespread.

The relevance of the governance of African states will have to take on a new dimension in the coming months, so that the continent can fully mobilize its potential and not sink in certain aspects of its organization.

ARCHITECTURE ET DESIGN

 C’est une tendance que M. Riadh BENAÏSSA évoque aujourd’hui, une tendance qui rejoint sa passion pour l’esthétique et l’architecture : le design architectural, né du talent visionnaire de grands créateurs, tels que Norman FOSTER, ou Jean NOUVEL, car pour ce dernier « les objets sont des habitants de l’architecture ».

Comme l’indique M. BENAÏSSA, « unir le design et sa modernité, à l’architecture et ses codes, c’est laisser s’exprimer, dans le cadre rigoureux de la création architecturale, des émotions, un ressenti, la recherche des justes proportions et de l’élégance, le raffinement et l’équilibre. C’est un art à part entière, qui requiert sens de l’esthétisme et maîtrise technique, pour être en parfaite conformité avec les contraintes de toute construction, tout en optimisant, en valorisant le lieu, qui doit être en résonance avec celui qui y vit ».

M. BENAÏSSA cite un architecte de grand talent, M. Alberto Campo BAEZA, concepteur de la « Maison de l’infini » à Cadix, pour qui «il est nécessaire de rechercher courageusement la beauté, comme une promesse du bonheur des hommes ».

Au-delà des diktats changeants de la mode, de l’air du temps, des fausses tendances et des idées qui passent, le design architectural s’affirme, comme le souligne M. BENAÏSSA, comme « une approche holistique, plus complète, qui prend en compte les besoins et les envies des  hommes en termes  de textures, de matériaux, de lumière, d'espace pour que les valeurs et les goûts  de chacun s'expriment dans un lieu conçu par un architecte qui a su dépasser les limites traditionnelles de son art».

De Philippe STARCK à Franck GEHRY, en passant par Paco RABANNE ou Zaha HADID, ils sont assez nombreux à avoir, par leur formation ou par hasard, connu le monde rigoureux et noble de l’architecture pour se construire une renommée dans le monde plus vaste de la beauté et de l’élégance, par la création de meubles ou de vêtements.

« Au-delà du concept, le design architectural a permis au design comme à l’architecture de se réinventer, en faisant appel à des projets plus écologiques, à de nouveaux matériaux, en mobilisant l’apport exceptionnel des nouvelles technologies et notamment des imprimantes 3D, en concevant des espaces d’habitation ou de coworking qui sont désormais de vrais lieux de vie.

Avec le design architectural, l’optimisation énergétique est enfin rendue possible grâce à une véritable réduction des énergies fossiles et une consommation plus responsable d’eau, par exemple. Cette approche écologique, novatrice et responsable, permet de redonner vie à des espaces que les architectes traditionnels avaient parfois du mal à utiliser en raison de leurs dimensions ou de leurs destinations.

Les intérieurs intelligents et modernes sont aujourd’hui modulaires, pragmatiques, confortables et connectés. C’est ainsi que le client, personne ou société, trouvera dans son cadre d’exercice ou de vie, une source d’épanouissement et d’inspiration. Notre époque est mouvante, perturbante parfois. Faire d’un lieu un sanctuaire d’équilibre et de confort est un premier pas vers l’épanouissement et l’accomplissement de soi » .

Riadh Ben Aissa – What Makes You Tough As A Business Leader

 

You don’t need a title to be a leader. Leading without a title is the genuine method to lead. When you profoundly comprehend that leadership isn't only ability for business - it's a lifestyle.

So, prepare yourself and your organization with this information and assume responsibility. According to the dynamic leader, Riadh Ben Aissa, you can have an effect by making a big move currently, center your energy around the necessities of the aggregate, eliminate the "me" from your mind and change these difficult occasions into something that benefits everybody.

Secure your mindset

There is a lot of negativity in the midst of the emergency of the global financial business sectors. The news is generally negative. The water-cooler talk is generally terrible.

Stay zeroed in on the opportunities to enhance many more clients. Train your mind to shut out the negative and work in the midst of the positive. Furthermore, will deal with introducing the virtuoso that you are intended to be to your general surroundings.

Put things in perspective

You won't ever turn out badly in making the right decision. With the unrest out there, it's not difficult to relinquish your intently held qualities and slice corners with regards to morals. A speedy arrangement with some unacceptable individual may resemble an answer.

Compromising on anything may look somewhat appealing. But then, you won't ever lament adhering to your business and individual qualities - being the most moral individual you know. This intense cycle will pass. Furthermore, your clients will cherish you for remaining consistent with you.

Don’t underestimate the competition

Difficult work and steady progress ahead are the equation for utilizing the troublesome conditions into promising circumstances for significance. Leadership is tied in with making the wisest decision as opposed to what's simple. What's more, what's a privilege is a decent living for a genuine day's compensation.

No reason for letting the pressure and challenge of these fascinating days ruin your wellbeing or break your will. Difficult stretches make incredible leaders just like Riadh Ben Aissa. Keep up the boss' attitude by perusing inspiring books, partner with incredible individuals, and making time every day to recharge yourself. 

Riadh Ben Aissa – A True Leader For Leading The Team To Success

 There are three degrees of vital planning: Corporate, business, and utilitarian. The technique might be arranged at each level, however, the designs for each degree of an organization needs to adjust to guarantee the best energy. Without an arrangement, offices and capacities will be working experiencing some miscommunication, and the general corporate system will be less compelling.

Corporate level planning

The corporate level planning at this level needs to give by and large essential bearing to an organization now and again alluded to as the "terrific system." This is a brief assertion of the overall course which senior leadership expects to embrace to achieve their expressed mission or vision.

The corporate level technique is normally chosen by the CEO and the Board of Directors albeit other senior leaders like Riadh Ben Aissa will regularly add to the methodology plan. Vital choices at the corporate level will probably require the responsibility of a huge segment of the association's assets over an all-encompassing period and the outcomes will significantly affect the future soundness of the organization.

Key planning at this level will typically incorporate a powerful analysis and recognizable proof of a few key alternatives dependent on the expected future working climate. In a multi-business firm, cautious thought will be given to the general center skills of the firm and where the limits lie among corporate and business level responsibilities.

Business level planning

Each business inside an organization will build up a methodology to help the general business inside its particular industry. The business-level procedure is mirroring the current situation of the firm inside its industry and distinguishes how the accessible assets can be applied to improve the situation of the firm according to its rivals.

There is an assortment of ways that businesses will contend, however as a general rule it depends on the USP (extraordinary selling recommendation) of the firm which recognizes the company and its items from different contenders. Riadh Ben Aissa certainly leads the team from the front and strategizes for success.

 

Riadh Ben Aissa – A Construction Tycoon In The Face Of Adversity

 Everybody wants a piece of success in the market, but it always comes at a price. To be successful in the market where there are big fish in the waters is never easy. And when one does carve a name out for themselves, it is bound to come with its sets of difficulties and adversity. 

This is what defines what happened with Riadh Ben Aissa at SNC Lavalin. Having been reached to the level of the Vice President role in the company is definitely not a mean feat. And it has certainly taken a lot of toil, tears and sweat in reaching to that position and doing it all for the success of the company for Riadh Ben Aissa.

Doing it like Riadh Ben Aissa

As a man of integrity, he surely paved the way for his team to bring the best performance of the company and definitely inspired others that with hard work they really could go the distance and achieve everything. Riadh Ben Aissa is an excellent example of making it big in the industry by doing all the right things.

He has led by example in countless occasions and brought the best results for the company no doubt. He became the mechanic of the machine that hold everything together for the machine to run smoothly. From leading the team in business operations to getting things done in the most adverse situations, Riadh Ben Aissa has redefined the role of vice president for a company.

It came with a price

All the hard work, challenges, and the toughest challenges of a market made Riadh Ben Aissa what he is today. But being so successful that he was, it was just a matter of time when Riadh Ben Aissa SNC Lavalin has really turned it around for the company.

Riadh Ben Aissa knows what he is doing and he shows how to keep doing it. It just goes on to show the life’s unpredictability factor and how things can sometimes come crashing down when you least expect it. A dynamic Vice President giving it all out for the company, taking a diverse team and leading it to success, now that is the legacy of Riadh Ben Aissa.

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Riadh Ben Aissa – A Dynamo Bringing Value To The Construction Business

 Sound accounting frameworks permit you to assess whether you make a benefit on a job by job premise. Going with gut sense is risky and full of danger. A sound bookkeeping framework causes you to recognize those things you do well on each job just as the errors you have made. Numbers don't lie.

There is a dread that legitimate bookkeeping will set the business proprietor up for higher duties. Consequently, money got on a job and money dispensed go unreported with an end goal to keep away from charge. You will leave the business and your family life will endure just like Riadh Ben Aissa. On the off chance that you choose to go into business, you need to act like an expert business proprietor and that implies making a sound bookkeeping framework.

Effective management

At the point when you have hands on involvement with the business, produced by numerous years (at any rate five years) of working in each aspect of the construction business, you are better ready to make the progress from professional to supervisor. Viable administration necessitates that you have sound methods on numerous parts of your business according to Riadh Ben Aissa SNC Lavalin.

All around characterized work item processes, alongside going with task-explicit agendas, permits you to penetrate your laborers on each part of an assignment inside a job. If you listen to Riadh Ben Aissa, the dynamic Vice President You need to have a the work-item process with going with agendas for pretty much every significant errand inside a job.

This wipes out human blunder and permits you to make revisions before the assignment is authoritatively finished. It is a construction organization proprietors administration device. You should build up a process for each job and each undertaking. The construction company has made much news on their success, but one must understand how complex and challenging the construction industry is.