ArabicNews.Com Logo

Weekly Edition, Economics  -  Week of January 24, 2000
   Front Page
   Previous Week

 Category
Politics | Business and Economics | Local
 Country News
Algeria | Bahrain | Comoros | Djibouti | Egypt | Iraq | Jordan | Kuwait | Lebanon | Libya | Mauritania | Morocco | Oman | Palestine | Qatar | Syria | Saudi Arabia | Somalia | Sudan | Tunisia | United Arab Emirates | Yemen
 Search

News Calendar
 Resources
Weather
Food & Recipies
Book Store
Science and Technology
Phone Codes
Currency Exchange
Travel Alerts, Visa Info
Country Information
Free Subscription
  Subscription
Premium Subscription
Free Newsletter
 Marketplace
Advertising Info

Search using Kosmix, the web categorization engine


We are looking for sales & marketing representatives in different countries. Apply now!

Mubarak to visit Washington in March
The coming March is to witness intensive activity on level of Egyptian - US relations as Egyptian President Hosni Mubarak will visit Washington on March 25, accompanied by Egyptian officials and businessmen who are members of the US - Egyptian presidential council.
Egypt-USA, Economics, 1/29/2000

Japanese financial development donations to Egypt
Egypt-Japan, Economics, 1/29/2000

Resuming exporting peanuts to Europe
Egypt-European Union, Economics, 1/29/2000

Exporting Japanese products to Africa through Cairo
Egypt-Japan, Economics, 1/29/2000

Moroccan-French meeting on eastern Morocco development
A Moroccan-French meeting was held in Oujda on Friday to probe means of giving a new momentum to the economic, social and cultural development of the eastern regions of the kingdom.
Morocco-France, Economics, 1/29/2000

Yemeni - German economic discussions tomorrow
German Minister of Economic Cooperation Heidemarie Wieczorek-Zeul is to arrive in Sanaa tomorrow on a visit to Yemen, heading a delegation including members of the German Parliament and representatives of the German Development Bank, as well as German organizations concerned with international cooperation.
Yemen-Germany, Economics, 1/29/2000

Saudi trade minister to visit Egypt in March
Saudi Commerce Minister Usama Jafar Faqih will pay a visit to Egypt in March, during which he will meet with high-ranking Egyptian officials and Egyptian Economy Minister Yusef Boutros Ghali.
Saudi Arabia-Egypt, Economics, 1/29/2000

11 billion dollars are expected revenues of the Iranian petroleum
Iran, Economics, 1/29/2000

Moroccan carrier, major share holder in Senegalese new carrier
Senegal and the Moroccan carrier Royal Air Maroc (RAM) signed in Dakar on Friday evening an accord setting up a new Senegalese carrier dubbed "Air Senegal international" with a capital of about $ 10.5 million (105 million DH).
Morocco-Senegal, Business, 1/29/2000

Cairo hosts Mediterranean Sea conference for businesswomen
The Egyptian Businesswomen's Association will organize the Mediterranean Sea's first conference of businesswomen in Cairo on February 2 - 4, in which more than 500 businessmen and women are participating in addition to more than 30 international corporations.
Egypt-International, Business, 1/29/2000

Moroccan railways ONCF totaled $ 100 million investments in 1999
Most of the investment helped finance the completion of the two-way railway between Kenitra and Sidi Kacem, purchase of electric locomotives, rehabilitation of infrastructure and running equipment of ONCF.
Morocco, Business, 1/29/2000

UNCTAD members draft Bangkok Action Plan
The document would be divided into three main parts, including the assessment of impacts of the globalization and trade liberalization, ways to improve world trade and investment to equally benefit all countries, and UNCTAD roles over the next four years, he disclosed.
Regional, Economics, 1/29/2000

Citrus fruit exports at 205.000 tons in January
Morocco, Economics, 1/29/2000

Morocco's foreign assets reached $ 5.96 billion at end of november 1999
Morocco, Economics, 1/29/2000

Renault to introduce new model in a Marrakech event
The city of Marrakech already has the expertise and facilities to hold such events. In January 1998, General Motors organized a gigantic event with 16,000 participants. According to sources in Morocco, the GM event cost some $20 million to organize.
Morocco, Business, 1/29/2000

France -Israeli nuclear power plant talks effected by Israeli IAEA non-compliance
As to whether the Israeli minister for infrastructure is scheduled to discuss the purchase of a nuclear power plant from France , A foreign ministry statement said "A possible visit to France by the Israeli infrastructure minister is only a report in the press at this time. At this stage, there has been no official request concerning such a visit."
Israel-France, Economics, 1/29/2000

Isesco biotechnology and development seminar in Islamabad
An international seminar on "The role of biotechnology in development" will be organized Feb. 25-27 in Islamabad, said an ISESCO press release.
Regional, Economics, 1/29/2000

Privatization plan continues in Egyptian communications sector
Egypt, Economics, 1/28/2000

Establishing an Egyptian - Norwegian business council
Egyptian Economy Minister Yousef Boutros Ghali and Lars Sponheim, the Norwegian minister of trade, industry and natural resources, announced the establishment of an Egyptian - Norwegian business council to meet periodically to invigorate the cooperation ties between the two countries.
Egypt-Norway, Economics, 1/28/2000

EU import certificate on Moroccan tomatoes abrogated
The European Commission abrogated the decision requiring import certificates for Moroccan tomatoes, official EU sources told MAP.
Morocco-European Union, Economics, 1/28/2000

$84 million Arab loan for Tunisia
The board of directors of the Arab Fund for Social and Economic Development affiliated to Kuwait agreed to grant Tunisia a loan of $84 million (28 million Kuwaiti dinars) to contribute to financing El Kabir and Mole Dam in southern Tunisia.
Tunisia, Economics, 1/28/2000

US deputy secretary of commerce visits Morocco
Visiting US Deputy Secretary of Commerce Robert Mallett met in Rabat Thursday with Premier Abderrahmane Youssoufi to discuss bilateral cooperation and ways to upgrade the Moroccan economy.
Morocco-USA, Economics, 1/28/2000

Indian economists traders want to invest in Syria
Several Indian economists and traders have expressed their desire to invest in Syria and proposed sending an Indian trade delegations to Syria in order to hold discussions with the Syrian officials to this end.
Syria-India, Economics, 1/28/2000

Moroccan-Italian trade reaches $679 million in first nine months of 1999
Trade exchanges between Morocco and Italy totalled $679 million (6.79 billion DH) in the January-September period last year.
Morocco-Italy, Economics, 1/28/2000

Water cooperation between Jordan, Libya and Turkey
Jordanian minister of waters Kamel Mahadin has stated that Jordanian experts will head for Libya to establish the foundations for developing cooperation between Amman and Tripoli in order to execute a key water project in the Kingdom.
Jordan-Libya, Economics, 1/28/2000

New deputy chairman for World Bank for Middle East affairs
James Wolfensohn, head of the World Bank, decided to appoint Jean-Louis Sarbib as vice president of the Middle East and North Africa Region to succeed Kemal Dervis, who was appointed as a top economist in the bank, responsible for the department for decreasing poverty.
Regional, Economics, 1/28/2000

Drinking water authority to invest $190 million in 2000
The Moroccan drinking water authority (ONEP) is planning to invest some $190 million in the course of the year 2000.
Morocco, Economics, 1/28/2000

Business in northern Morocco probed in conference in Canada
Business opportunities in Morocco's northern region were probed in a conference held on Thursday in the Canadian city of Hull, near Ottawa, by Moroccan and Canadian officials and entrepreneurs.
Morocco-Canada, Economics, 1/28/2000

Moroccan exports rise by 5.1% in Jan-Nov 99
Moroccan exports were in the period between January and November 1999 worth $6.94 billion, posting a 5.1% rise in comparison with the corresponding period of 1998 ($6.16 billion), says the exchange office.
Morocco, Economics, 1/28/2000

Morocco's oil bill reached $ 790 million in 1999
Oil purchases cost Morocco between January and November 1999 a total of $790 million (7.9 billion DH), against $510 million the year before, says the exchange office.
Morocco, Economics, 1/28/2000

National debate on territory development launched
A six-month long national debate on territory planning and development meant to define a new policy in the matter was launched Wednesday. King Mohammed VI urged the participants in the debate to adopt a new approach based "on citizens' participation and shared responsibility" and where the state will continue to play its role in matters of organization, supervision and regulation.
Morocco, Economics, 1/27/2000

Investment in northern Morocco probed in Montreal
Over fifty entrepreneurs from Canada and Quebec met in Montreal Tuesday with a Moroccan delegation to consider investment opportunities in the kingdom, mainly in northern provinces.
Morocco-Canada, Economics, 1/27/2000

US trade and agriculture delegation in Morocco
The "USDA Africa Trade Team" of the US Department of Agriculture arrived in Rabat Thursday on a three day working visit to Morocco.
Morocco-USA, Economics, 1/27/2000

120 trucks and produce cargo directly shipped to Marseille
The first direct shipment of Moroccan fruit and vegetables towards France was made Wednesday when 120 trucks carrying produce sailed from the port of Casablanca towards Europe via Marseille (French port city).
Morocco-France, Economics, 1/27/2000

Moroccan enterprises call for addressing social and labor problems
The CGEM chairman, Abderrahim Lahjouji, deplored the unprecedented deterioration of social relations that devastates employment and investments and said all social partners (government, employers and trade unions) should be aware of the economic and social stakes and the growing sustainable economic and social development requirements.
Morocco, Economics, 1/27/2000

Spanish official supports compensating Moroccan exporters
Spanish Minister of Agriculture, Fisheries and Alimentation Jesus Posada said Wednesday he was in favor of compensation for acts of vandalism against Moroccan goods in the harbors of Algesiras and Cadiz.
Morocco-Spain, Economics, 1/27/2000

Morocco and Libya sign fishery cooperation accord
Morocco and Libya signed in Syrtis Wednesday a cooperation agreement in the field of maritime resources.
Libya-Morocco, Economics, 1/27/2000

Moroccan small and medium export business get 200 million French francs
Morocco and France have set up a 200 million FF credit-line to benefit Moroccan small and medium export firms, says a release from the French embassy in Rabat.
Morocco-France, Business, 1/27/2000

Moussa heads Egypt's delegation to Davos world meeting
Egyptian Foreign Minister Amr Moussa is leaving Cairo today for Switzerland heading a large delegation to participate in works of the 30th session of Davos international economic forum which is to begin today and last until February 1.
Egypt-International, Economics, 1/27/2000

French delegation visits eastern Morocco
A French delegation is visiting this Thursday and Friday eastern Morocco to probe means of giving a new momentum to the region economic, social and cultural development.
Morocco-France, Economics, 1/27/2000

No privatization of Egyptian media
Minister of Information Safwat el-Sherif said Tuesday that there will be no privatization of Egyptian media.
Egypt, Economics, 1/27/2000

Morocco rewards Spanish tour operators
Moroccan tourism minister, Hassan Sebbar, on Wednesday handed to Spanish tour operators featuring trips to Morocco "Morocco trophies."
Morocco, Economics, 1/27/2000

Morocco, Burkina Faso discuss economic cooperation
Experts from Morocco and Burkina Faso will hold a meeting in Ouagadougo by the end of February to explore possibilities of giving a new impetus to bilateral economic cooperation.
Morocco-Burkina Faso, Economics, 1/27/2000

Cement consumption expected to double
Moroccan consumption of cement, which is presently growing at a rate of 3 to 4%, will almost double in the coming years, from 7 to 15 million tons, says French daily "La Tribune."
Morocco, Business, 1/27/2000

Morocco calls for developing countries' cohesion to defend interests at trade talks
Morocco called on developing countries to enhance cohesion and coordination to defend their interests at the multilateral trade talks of the UN Conference on Trade and Development (UNCTAD) next month in Thailand.
Morocco-International, Economics, 1/26/2000

Morocco, Thailand sign trade convention
Morocco and Thailand signed on Tuesday a trade convention to consolidate bilateral relations and exchange economic expertise on international issues.
Morocco-Thailand, Economics, 1/26/2000

A retreat in Suez Canal's income in November '99
Egypt, Economics, 1/26/2000

Yemen intends to join COMESA
Yemen has asserted its desire to join the organization of the Common Market of Eastern and Southern Africa (COMESA).
Yemen, Economics, 1/26/2000

Morocco says stranding of goods in Spain contrary to treaty
Morocco says the stranding in Spain of Moroccan goods heading for European markets is contrary to the content of the treaty of friendship and good neighborly relations between the two countries.
Morocco-Spain, Economics, 1/26/2000

Iran-Kuwait trade committee signs memorandum of understanding
The Kuwaiti-Iranian joint trade committee is expected to sign in Kuwait on Wednesday a memorandum of understanding on issues concerning development of bilateral trade cooperation and encouraging participation in commercial exhibitions and free trade zones.
Kuwait-Iran, Economics, 1/26/2000

Telefonica-led consortium to launch Morocco's 2nd GSM license before April 5
The Medi-Telecom consortium, which obtained for $1.1 billion the second GSM license in Morocco, will launch the operation before April 5, the company's general manager announced in Casablanca on Tuesday.
Morocco, Business, 1/26/2000

Cephalopod fishery closed Feb.1st-March 31st
The cephalopod fleet will not be operating Feb. 1st through March 31st, announced the Moroccan fishing department.
Morocco, Economics, 1/26/2000

Egyptian-Japanese energy project
Egypt-Japan, Economics, 1/25/2000

Syria, Lebanon renew cooperation agreement
Syrian and Lebanon signed in Beirut on Monday an agreement that provides for renewing cooperation in the field of electric power between the two states.
Lebanon-Syria, Economics, 1/25/2000

Toshka attracts more investors
The Toshka development project is still attracting more international investors, Minister of Water Resources and Irrigation, Dr. Mahmoud Abu Zeid said.
Egypt, Economics, 1/25/2000

Oman projects $ 50.6 million fund to boost bourse
The Omani Minister of commerce and industry, Maqboul Bin Ali Sultan, said that there are projects to establish a new fund of $ 50.6 mln to strengthen the Omani bourse and provide cash liquidity for investors.
Oman, Economics, 1/25/2000

A cooperation agreement between Damascus, UK chambers of commerce
The chairman of the federation of Syrian chambers of commerce, Ratib al-Shallah, who is also the chairman of the Damascus Chamber of Commerce, on Monday signed with Peter Masyous an agreement on cooperation, exchange of information, and mutual announcements of chances for cooperation and deepening trade exchange between the Damascus Chamber of Commerce and the chambers of commerce in Birmingham and Dadly, UK.
Syria-UK, Economics, 1/25/2000

IIF optimistic as to investment prospects in Morocco
"The Institute of International Finance" (IIF) voiced optimism as to the inflow of foreign investment into Morocco and stressed major changes operated under King Mohammed VI.
Morocco, Economics, 1/25/2000

Most Moroccan enterprises ignore advantages of stock exchange, study
Nearly 29% of Moroccan enterprises have no idea about the conditions required to be listed on the stock exchange, 52% ignore the moves and procedures for the listing while 34% are not properly informed of the advantages of the stock exchange.
Morocco, Business, 1/25/2000

Egyptian - Norwegian economic cooperation
Egyptian Minister of Public Business Sector Mokhtar Khattab discussed yesterday while receiving a Norwegian industrial delegation under the chairmanship of Minister of Trade and Industry Lars Sponheim who is currently visiting Cairo a program for reforming the Egyptian economy, privatization and investment opportunities in Egypt.
Egypt-Norway, Economics, 1/25/2000

US assistant secretary of trade in Morocco Wednesday
US Assistant Secretary of Trade Robert L. Mallet is expected in Rabat on Wednesday on a three-day visit for talks on Moroccan-American cooperation in matters of trade and investments.
Morocco-USA, Economics, 1/25/2000

China tackles implementing Libyan railway project
It was said in Tripoli yesterday that a joint Chinese - Libyan committee assigned to study the railway project which will link Libya to the African countries.
Libya-China, Economics, 1/25/2000

Tunis and Dubai shopping festival twinned
An agreement for the twinning of the shopping festivals of Tunis and Dubai was signed on Monday at a ceremony held at the premises of the Dubai port authority division in the free trade zone of Jabel Ali, in the United Arab Emirates.
Tunisia-United Arab Emirates, Business, 1/25/2000

Rate of inflation drops to minimum since economic reform
Egypt, Economics, 1/25/2000

Canadian firm projects $ 250 million alfa pulp plant in eastern Morocco
A Canadian firm will build a plant to produce Alfa-based pulp and other products in eastern Morocco, for an initial investment estimated at $ 250 million.
Morocco-Canada, Business, 1/25/2000

IDB Allocates $202 Mln to Finance Islamic Development Ventures
The Islamic Development Bank (IDB) has allocated some $ 202 mln to finance 14 new ventures in the member countries and number of trade operations between Islamic countries.
Regional, Economics, 1/25/2000

Arabs ponder security associated with water resources
Arab officials and experts will be meeting in Cairo next February 21 to ponder security issues associated with water resources.
Regional, Economics, 1/24/2000

Arab Monetary Fund delegation visits Sudan
A delegation from the Arab Monetary Fund arrived in Sudan for a visit during which the delegation will hold discussions with specialists concerning cooperation between Sudan and the fund.
Sudan-Regional, Economics, 1/24/2000

Morocco and Thailand to sign trade agreement
Morocco-Thailand, Economics, 1/24/2000

Seminar on EU- Syrian cooperation held on January 22 in Damascus
the EU's attitude towards Syria is part of its policy in the Mediterranean. He added that over the last ten years, the EU has made two major advances in external relations. First, in the early 1990s, the EU heads of state and government made the judgment that certain steps needed to be taken with Central and Eastern Europe in order to guarantee their prosperity and stability, as an essential element of the EU's own prosperity and stability. Secondly, heads of state and government made a similar judgment in 1995 concerning the Mediterranean because the Mediterranean, from Syria to Morocco, is a close neighbor of Europe.
Syria-European Union, Economics, 1/24/2000

Qatar finances construction of 1,500 houses in Algeria
Algeria-Qatar, Economics, 1/24/2000

Libya signs several trade agreements
Meetings of the Libyan economic activists with a delegation of economic activists from Singapore started on Sunday in Tripoli. The visiting delegation includes more than 15 companies specialized in several fields.
Libya-International, Economics, 1/24/2000

Italian consortium and Moroccan region sign cooperation agreement
An Italian consortium, mustering some 200 small and medium-sized enterprises, signed on Sunday a cooperation agreement with the Moroccan region of Chaouia-Ouardigha, near Casablanca.
Morocco-Italy, Business, 1/24/2000

US energy secretary to arrive in Cairo on February 7
US Energy Secretary Bill Richardson will arrive in Cairo on February 1 for a working visit to Egypt, during which he will meet with his Egyptian counterpart, Ali Fahmy al-Saedy. The ministers from the two countries met in last July.
Egypt-USA, Economics, 1/24/2000

Moody's delegation to Morocco to establish new rating
Morocco, Economics, 1/24/2000

Libya announces plans to buy Russian aircraft
Libyan airlines announced on Sunday plans to purchase Russian aircraft for cargo and passenger transport.
Libya-Russia, Economics, 1/24/2000


Last Week's Articles                                                                                                                                                    
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




Platinum Wedding Rings

Mp3 Downloads

Copyright & other notices
Copyright © 1995-2003 Arabic News.com, All Rights Reserved.
Send comments & suggestions to the webmaster. ArabicNews.com and ArabicNews are trademarks of ArabicNews.com