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Weekly Edition, Economics  -  Week of November 22, 1999
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Moroccan-Indian joint commission to convene early next year
The Moroccan-Indian high joint commission will convene by the beginning of year 2000.
Morocco-India, Economics, 11/27/1999

Dubai cancels gold customs duties
Dubai decided to exempt jewelry and gold products from customs duties between Nov.28 and April 10, in a bid to promote local sales
United Arab Emirates, Economics, 11/27/1999

Morocco's services exports progressed in 1998, WTO report
Morocco's services exports have progressed in 1998 at a time Africa's trade services exports have dropped, compared to 1997, a report by the World Trade Organization said.
Morocco-Africa, Economics, 11/27/1999

Moroccan exporters' association signs convention with association of French small, medium enterprises
the confederation will extend assistance to Moroccan exporters wishing to operate in the Rhone-Alpes region, which is the second industrial and economic region in France.
Morocco-France, Economics, 11/27/1999

Egypt forms delegation to attend World Trade Organization conference
Egypt-International, Economics, 11/27/1999

Bureau for marketing Japanese investments in Egypt
Mohammed El-Ghamarawi, the head of the general organization for investment and free trade zones agreed to establish a bureau for marketing Japanese investments.
Egypt-Japan, Business, 11/27/1999

The 10th International Symposium on remote sensing, Syria has strong potentiality
The 10th international symposium on Remote sensing Integrated Systems: Satellites, receiving Stations and applications was held in Damascus on November 20 through 23. It was attended by researchers and experts in the area of remote sensing from some 16 Arab and foreign countries and specialists from several Syrian ministries and establishments concerned.
Syria, Economics, 11/25/1999

Inter-connection of Mediterranean electric grids will be completed soon
The connection of Mediterranean electric grids will be completed soon as the Moroccan, Algerian and Tunisian networks were connected in 1988 while those of Egypt and Libya are already connected and Libya and Tunisia are connecting their networks.
Regional, Economics, 11/25/1999

Morocco's Agriculture and Fisheries Minister Visits Moscow
Moroccan minister of agriculture, rural development and fisheries, Habib El Malki, will pay a visit to Moscow this November 28-December 2.
Morocco-Russia, Economics, 11/25/1999

Morocco hosts meeting of industrial and mining development organization
The 17th session of the executive council of the Organization for Industrial and Mining Development opened here on Wednesday with participation of 13 Arab states.
Regional-Morocco, Economics, 11/25/1999

Syrian, Russian businessmen for boosting trade relations
The chairman of the federation of the Syrian Chambers of Commerce, Ratib al-Shalah, and the Russian state minister, who is also the chairman of the general assembly of the Russian People's Union, Ramadan Abdul Lateepov, on Monday discussed the trade and economic relations existing between Syria and Russia.
Syria-Russia, Economics, 11/24/1999

Morocco's oil bill rose by 40% in 1999
The Moroccan exchange office said imports of oil cost Morocco in the first nine months of 1999 $580 million, rising by 40% in comparison with last year.
Morocco, Economics, 11/24/1999

Kuwaiti fund extends loan to Morocco
Kuwait's Arab Fund for Economic and Social Development has extended Morocco a loan worth 10 million Kuwaiti dinars (about $32.7 million), destined to finance the extension of the Casablanca's Mohammed V airport.
Morocco-Kuwait, Economics, 11/24/1999

Morocco sets up observatory for year 2000 bug
Morocco has announced the setting up of a national observatory to collect all data and information on the passage to the year 2000.
Morocco, Economics, 11/24/1999

Morocco to host conference on energy cooperation in North Africa
Morocco will probably host next February a conference on energy cooperation in North Africa.
Regional-Africa, Economics, 11/24/1999

New center for developing kindergartens in Kuwait
The Arab Gulf program in support of the UN Development Program has agreed to finance the establishment of a center for developing kindergartens in the state of Kuwait.
Kuwait-UN, Economics, 11/24/1999

Saudi Crown Prince: A plan for Arab economic cooperation
Saudi Arabia-Regional, Economics, 11/23/1999

Arab Gulf states are close to customs unity
The secretary general of the Gulf Cooperation Council, Jamil al-Hujeilan, has asserted that the Arab Gulf states have almost completed customs unity.
Gulf, Economics, 11/23/1999

Preparing for the economic conference for COMESA countries in Cairo
Egyptian Foreign Minister Amr Moussa discussed with members of the Egyptian economic forum preparing for the first economic conference for the countries of the African Comesa assembly that will be opened by Egyptian President Hosni Mubarak on February 28.
Egypt-Africa, Economics, 11/23/1999

700 participants in Arab businessmen's conference in Tunis
700 Arab and international businessmen are participating in meetings of the eighth conference for the Arab businessmen, whose works are to start tonight in Tunis.
Regional, Business, 11/23/1999

Rate of Growth goes up to 6%, inflation declined to 2.9%
Egypt, Economics, 11/23/1999

Kuwait sees long term increase in its oil production
Kuwaiti Deputy Premier and Foreign Minister Sheikh Sabah al-Ahmad al-Sabah has announced that Kuwait wants to increase its long term oil production to more than 3 million barrels per day within 10 years.
Kuwait, Business, 11/23/1999

New production line opened at Syrian company for detergents
Syria, Business, 11/23/1999

Saudi loan to refurbish hospitals in Marrakesh
The total cost of the project, to be completed by the year 2002, is estimated at about $41.7 million. Nearly $21.5 million will finance construction and rehabilitation works, $2.1 million will be earmarked for feasibility and technical studies and $18.1 million will finance medical equipment purchase.
Morocco-Saudi Arabia, Economics, 11/23/1999

King Mohammed chairs meeting on Maroc-Telecom
King Mohammed VI chaired on Monday in the Middle Atlas mountainous resort of Ifrane a working session on the Moroccan telecommunications company "Ittissalat Al-Maghrib" or "Maroc-Telecom."
Morocco, Business, 11/23/1999

Arab Union of printing and paper industry meetings conclude
Regional-Algeria, Economics, 11/23/1999

EU committee approves 111 million-euros worth projects for Morocco
The MED committee of the European Commission approved 111 million euros in financial contributions to four projects in Morocco, the European Union delegation in Rabat announced.
Morocco-European Union, Economics, 11/23/1999

Moroccan conglomerate buys shares in Canadian mining company
Manageme, an affiliate of the Moroccan conglomerate ONA, is projecting to invest 44 million Canadian dollars in the capital of a Canadian mining company, SEMAFO, which mainly operates in western Africa.
Morocco-Canada, Business, 11/23/1999

Morocco-US private operator gets license to exploit satellite telecommunication networks
"Orbcomm Maghreb" is the first private operator in Morocco to obtain a license for the setting and the exploitation of a public telecommunication network via satellite, with an investment of more than $9 million over 10 years.
Morocco-USA, Business, 11/23/1999

Yemeni - Iraqi committee meets
Yemen-Iraq, Economics, 11/22/1999

First Morocco-made school ship sails
Morocco, Economics, 11/22/1999

Canadian oil company to invest in Algeria
Algeria-Canada, Business, 11/22/1999

Morocco, Saudi Arabia to set up free trade area
Morocco and Saudi Arabia, which are projecting to set up a free trade area, have stressed the need to reach the adequate formula to materialize the project as soon as possible.
Morocco-Saudi Arabia, Economics, 11/22/1999

$20 million Saudi donation to the Palestinians
Palestine-Saudi Arabia, Economics, 11/22/1999

Daimler-Chrysler wants 10% of car sales in Egypt
Egypt, Business, 11/22/1999

Fair for petroleum industries in Baghdad
The Iraqi Petroleum Ministry is preparing to organize the second specialized fair for petroleum industries during the last week of this month, in which 56 Arab and foreign companies will participate.
Iraq-International, Economics, 11/22/1999

Arab Development Fund dealings in Egypt hit L.E. five billion
Prime Minister Atef Ebeid met Saturday Abdul-Latif al-Hamad, Chairman of the Arab Development Fund, Kuwaiti Minister of Labor Abdul-Wahab al-Wazzan and Rudolph Scharping the Germany Minister of Defense.
Egypt, Economics, 11/22/1999

France Telecom studies purchasing 40% of the Jordanian communications company
Jordan-France, Business, 11/22/1999

Iraq refuses extension of oil-for-food program
Iraq on Saturday refused to deal with the UN resolution on extending the oil-for-food program for 15 days, a resolution released by the UN Security Council on Friday.
Iraq, Economics, 11/22/1999

Large increase in trade exchange of COMESA
Economy and Foreign Trade Minister Dr. Youssof Boutros Ghali said Sunday that Egypt's exports to the Common Market for Eastern and Southern Africa (COMESA) member-states doubled after its entry to the African group last February.
Egypt-Regional, Economics, 11/22/1999

Ebeid opens Egyptian-Japanese Business Council
"Egypt has managed to reduce the budget deficit to less than one percent of the gross domestic product, the lowest rate in 50 years, and paved the road to the private sector to assume the key role in the development process," Ebeid said in the opening of the Egyptian-Japanese Business Council in Cairo.
Egypt-Japan, Economics, 11/22/1999

Arab Monetary Fund and Lebanon sign $15.3 million agreement
Lebanon signed a loan agreement of $15.3 million with the Arab Monetary Fund and another of $30 million credit line from the Arab trade financing program, it was announced in Abu Dhabi on Saturday.
Lebanon-Regional, Economics, 11/22/1999

23 Turkish companies discussing establishing projects in Alexandria
A Turkish business delegation is discussing during its visit to Alexandria today establishing many projects in Alexandria.
Egypt-Turkey, Business, 11/22/1999


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