|
Morocco gets loan to finance trade deals
Morocco-United Arab Emirates, Economics, 5/21/2001
The Abu-Dhabi based Arab trade financing program has extended Morocco a credit line worth $ 25 million destined to finance the kingdom's trade deals.
The loan agreement was initialed in Marrakesh Sunday by the program's executive president, Jassem Al Manaii, and Moroccan minister of economy, finance, privatization and tourism, Fathallah Oualalou.
This new loan, the 27th of the kind, brings to $ 335 million the amount granted by the Arab trade financing program to Moroccan financial institutions.
The program's actions aim at encouraging the setting up of an Arab free trade area, contributing to enhancing Arab products competitiveness and materializing Arab economic integration.
Previous Stories:
Emirati businessmen explore business opportunities in Morocco
(4/21/2001)
Morocco, UAE to boost bilateral cooperation
(3/14/2001)
UAE business delegation in Morocco
(3/12/2001)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
