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Weekly Edition, Economics  -  Week of January 31, 2000
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Supporting Kuwaiti investments in Egypt
Egypt-Kuwait, Economics, 2/5/2000

Turning Egypt air to a holding company
Ibrahim El-Domairi, minister of the Egyptian transportation, said there is a development plan to turn EgyptAir airlines from a company of general public interest affiliated to the cabinet to a holding company in a period of six months.
Egypt, Economics, 2/5/2000

4.2 billion dollars in Egyptian tourism; ambitious goals set
Mamdouh El-Beltagi, the Egyptian tourism minister said there was an increase in Egypt's "tourism income for year 1999 to nearly 4.2 dollars and an increase in the tourist numbers who visited Egypt to 5 million."
Egypt, Economics, 2/5/2000

Meetings of the Egyptian - Jordanian committee - next week
Cairo will host on 16th and 17th of current February meetings of the 16th session for the supreme Egyptian - Jordanian committee under the chairmanship of Egyptian prime minister Atef Ebeid and his Jordanian counterpart Abd El-Raouf El-Rawabdah in the attendance of large number of officials and the concerned ministers.
Egypt-Jordan, Economics, 2/5/2000

Spanish economic delegation expected in Morocco for new investments
Victoriano Reinoso, a top executive of the firm, says it is time to start activities in Morocco which boasts sound economy, political stability and a new drive to modernize strategic sectors.
Morocco-Spain, Economics, 2/5/2000

Moroccan-Egyptian maritime transport commission meets in Cairo
The Moroccan-Egyptian joint maritime transport commission is meeting here this Feb.5-6 to examine cooperation between the two countries in maritime transports, mainly a project to start a sea line.
Egypt-Morocco, Economics, 2/5/2000

Belgium Contributes to Drinking Water Project in Morocco
Belgium has extended 130 million Belgian francs ($ 3.42 mln) to support a drinking water supply project to Moroccan southwestern rural areas.
Morocco-Belgium, Economics, 2/5/2000

International Air Companies Association Meets in Morocco
Regional-Morocco, Economics, 2/5/2000

Germany underlines the importance of peace in the Middle East
Egypt-Germany, Economics, 2/4/2000

US $850,000, the budget of the Arab economic unity council
an executive program was laid to resume the implementation of the common Arab market's rules in the context of the Arab economic unity agreement as from January 1, 2000, according to the formula proposed by the general secretariat that provides for freeing Arab commodities and exempting them within three years.
Regional, Economics, 2/4/2000

Arab inter-trade committees ends talks in Cairo
An official source at the economic division of the Arab League said that this committee, which is one of the committees of the Greater Arab Free Trade Zone, dedicated its meetings to discussing means of dealing with taxes and fees of similar impact in the framework of the free trade zone.
Regional, Economics, 2/4/2000

Syrian expatriates in Brazil to visit Syria in organized groups
Syrian Minister of Tourism Danhu Dawoud has received a delegation representing the Syrian expatriates in Brazil, Fe-Arab.
Syria-Brazil, Economics, 2/4/2000

Youssoufi in Bangkok UNCTAD conference
Morocco-International, Economics, 2/4/2000

Mubarak to open first conference for the COMESA assembly in Cairo
Egyptian President Hosni Mubarak will open the first conference for the COMESA assembly that will begin in Cairo on February 28 and last for two days.
Egypt-Africa, Economics, 2/4/2000

Syrian prime minister confers with Jordanian agriculture minister
Syria-Jordan, Economics, 2/4/2000

Releasing the Kenyan tea exports in Egypt
Egypt-Kenya, Economics, 2/4/2000

Developing Cairo International Airport
The Arab Contracting Company, an Egyptian contracting company, is to develop Cairo International Airport on Monday as the airport will witness a real development in the arrival and departure halls and transit at a cost of LE 40 million, Transportatin Minister Ibrahim El-Demairi said in a press conference held yesterday evening.
Egypt, Business, 2/4/2000

Belgian economic delegation in Morocco
Morocco-Belgium, Economics, 2/4/2000

Inter-Arab conference on Arab city in 21st century
Regional-Tunisia, Economics, 2/4/2000

Egyptian company contributes to implementing electric station in Tunis
An Egyptian contracting company won a contract worth $1.5 million to implement the operations of the basic infrastructure for an electric station, the second in Tunis.
Tunisia-Egypt, Economics, 2/4/2000

Egyptian-Turkish cooperation in oil exploration
Egypt-Turkey, Economics, 2/4/2000

Morocco, Libya endeavor to resume air flights, Youssoufi
Morocco and Libya are endeavoring to resume air flights between the two states after Tripoli adopted a positive stand on the issue, said Moroccan Premier Abderrahmane Youssoufi.
Morocco-Libya, Economics, 2/4/2000

Establishing a Saudi company for investment with 100 million Riyals capital
The Saudi businessmen's council decided to establish a holding company for joint investment in Saudi Arabia with a capital of 100 million Saudi Riyals.
Saudi Arabia, Business, 2/4/2000

Damascus: Unemployment rate 8%, will decrease when peace is made with Israel
Syrian Minister of Labor and Social Affairs Ali Khalil on Wednesday expected the unemployment rate to be settled at 8% for this year, adding that this rate is to become lower if a peace agreement is reached between Syria and Israel.
Syria, Economics, 2/4/2000

German economic delegation to visit Egypt next week
German Arab Chamber of Industry and Commerce is organizing in association with the German embassy in Cairo a visit by an economic delegation of the businessmen from Hamburg on February 6 - 10.
Egypt-Germany, Economics, 2/4/2000

LE 5 million for Egypt's participation in Expo 2000 in Germany
Egyptian Prime Minister Atef Ebeid agreed on ratifying LE 5 million for the Egyptian participation in the EXPO 2000 fair that will be held in Hannover, Germany for five months starting from June 1 and running until the end of October.
Egypt-Germany, Economics, 2/4/2000

Egyptian economic delegation heads to Greece to look for export opportunities
Egypt-Greece, Economics, 2/4/2000

Decrease in Egyptian orange exports to Saudi Arabia
A group of Egyptian orange exporters decided decreasing the quantities heading to Saudi Arabia by 1% after a retreat in the price per ton of more than $40 US at one time.
Egypt-Saudi Arabia, Business, 2/4/2000

Dubai Shopping Festival to host Disney's shows on ice
The management of the fifth session of Dubai Shopping Festival, which will be held on March 1 - 31, decided to present the entertainment program for Disney on Ice to amaze the festival's visitors.
United Arab Emirates, Economics, 2/4/2000

Two companies inject $110 million in steel projects
Two Moroccan companies will inject $110 million (1.1 billion Dh) in two steel projects in Casablanca and Jorf Lasfar, 170 KM south of Rabat.
Morocco, Business, 2/4/2000

Cairo hosts conference on Arab water security
Arab League Secretary General Esmat Abdul Meguid will open on February 21 in Cairo the 8th conference on Arab Water security held by the Paris-based Arab-European Studies Center and the Arab League.
Regional, Economics, 2/4/2000

Morocco attends international colloquy on water in Paris
Morocco will take part in an international colloquy on "water, territory planning and lasting development" to be hosted by Paris February 10-11.
Morocco-International, Economics, 2/4/2000

Cooperatives participate in promotion of Morocco-Egyptian exchanges
The Moroccan Union of Cereals Cooperatives and the Scientific Association of Egyptian Cooperatives, have drafted, during a recent meeting in Cairo, a cooperation program for the year 2000.
Morocco-Egypt, Economics, 2/3/2000

Moroccan-Italian partnership day in Casablanca
Casablanca played host Wednesday to a day on Moroccan-Italian partnership cochaired by visiting Italian Minister of Foreign Trade Piero Fassino and Moroccan Minister of Industry, Trade and Handicraft Alami Tazi.
Morocco-Italy, Business, 2/3/2000

Italian official calls for enhanced cooperation with Morocco
Italian Foreign Trade Minister Piero Fassino has called for the consolidation of cooperation between Morocco and Italy to exploit the opportunities offered by the two countries.
Morocco-Italy, Economics, 2/3/2000

Arab civil aviation meeting in Rabat
The executive council of the Arab Organization of Civil Aviation is currently meeting in Rabat to probe the organization's financial situation and reports of the commissions of transport, navigation and security standards.
Regional, Economics, 2/3/2000

Arab Gulf oil ministers meet this month in Saudi Arabia
An official at the Qatari Ministry of Oil said on Wednesday that oil ministers of the Arab Gulf states will meet to discuss their strategy in Saudi Arabia on February 23, prior to the ministerial meeting of OPEC in Vienna in March.
Regional-Qatar, Economics, 2/3/2000

WB creates international consortium to reduce costs of natural disasters in developing world
A new international consortium designed to reduce the human and economic costs of natural disasters in the developing world was launched Wednesday by the World Bank and an international coalition of governments, international organizations, private insurance companies, universities, and non-governmental organizations.
Regional-International, Economics, 2/3/2000

Yazghi reviews low-cost housing with Spanish delegation
Housing Minister Mohamed El Yazghi conferred here with a delegation of the Spanish national association of low-cost housing firms and cooperatives.
Morocco-Spain, Economics, 2/3/2000

First auto racetrack in Egypt
The Arc company for tourism and sports will start implementing the first racetrack for international auto races in Egypt with investments that reach $80 million.
Egypt-International, Business, 2/3/2000

Moroccan-Italian joint working group set up
Morocco and Italy decided to set up a joint working group to give a new momentum to economic cooperation.
Morocco-Italy, Economics, 2/2/2000

Economic cooperation, focus of Italian minister's talks in Morocco
Economic and financial cooperation between Morocco and Italy has been at the focus of talks Italian Foreign Trade Minister Piero Fassino held in Rabat Tuesday with several Cabinet members.
Morocco-Italy, Economics, 2/2/2000

World Bank official visits Egypt
Nostafa Nabli, the senior economist in the World Bank for the Middle East and North Africa areas, arrived today in Cairo in the first visit by a high-ranking official in the bank after the agreement on the new cooperation strategy for discussing the role of the international corporation in the future to push forward Egyptian exports and support social development, as well as to apply programs for data and technology development in the country.
Egypt-World Bank, Economics, 2/2/2000

USD 283 million US dollars Italian investment in Egypt
The second round of Egyptian-Italian economic talks has enabled Egypt to obtain investments totalling $ 283 million over the coming three years.The two sides highlighted the importance of Egyptian-Italian cooperation in relation to economic development in Egypt through the current projects at a total cost of $300 million.
Egypt-Italy, Economics, 2/2/2000

Foreign ministers of Islamic states meeting in June
The foreign ministers of the Islamic states will convene in June in the Malaysian capital, Kuala Lumpur.
Regional-OIC, Economics, 2/2/2000

EU-Syria seminar on vocational education and training for economic development
A seminar held under the title "Vocational education and training for economic development" is being held on February 1 - 3 at the Damascus Meridian Hotel.
Syria-European Union, Economics, 2/2/2000

Second Egyptian satellite to be launched in July
It was decided to launch the second Egyptian satellite, Nilesat 102 into space through the European company Arianespace from its Kourou, French Guinea base in South America in July 2000 after finishing all the necessary tests before releasing this satellite into space.
Egypt, Business, 2/2/2000

Morocco earmarks $25 million to sports facilities
Morocco will earmark a budget of $ 25 million to sports facilities, in support to Morocco's bid to host the 2006 soccer World Cup.
Morocco, Economics, 2/2/2000

Egypt to quickly build modern communication infrastructure
President Hosni Mubarak reviewed Sunday the goals of the national plan for communications and information at a meeting with members of the Information and Technology Committee.
Egypt, Economics, 2/1/2000

Syrian prime minister confers with Lebanese transport minister
Discussions dealt with cooperation and coordination relations between the two countries in the field of transport and means of developing and verifying them.
Syria-Lebanon, Economics, 2/1/2000

Syrian premier, ministers meets with Hannover mayor on bilateral ties
Prime Minister Mahmoud al-Zou'bi on Monday in Damascus received the mayor of Hannover, Germany, Herbert Schemalstig, and members of the accompanying delegation.
Syria-Germany, Economics, 2/1/2000

Italian foreign trade minister in Morocco
Italian Foreign Trade Minister Piero Fassino started this Tuesday a two-day official visit to Morocco.
Morocco-Italy, Economics, 2/1/2000

Egypt paid $355 million in debts
The volume of Egypt's external debt retreated at the end of December 1999 as the debts' value nearly reached $18.7 billion in comparison to $29 million in September.
Egypt, Economics, 2/1/2000

UK tops non-Arab investors in Egypt
Prime Minister Atef Ebeid Monday conferred with Brian Wilson, British Secretary of State for Trade and Industry at Scotland Office, on propelling Egypt-Scotland-Britain trade.
Egypt-UK, Economics, 2/1/2000

Egypt's economy, qualified for absorbing hi-tech
Egypt-Denmark, Economics, 2/1/2000

Israeli energy delegation to visit Jordan
Jordan-Israel, Economics, 2/1/2000

European Council endorses Morocco-EU association accord
The European council endorsed the Morocco-European association accord that will come into force next March.The accord, signed in February 1996, provides for regular political dialogue between the two sides, the establishment of a free-trade area, and the consolidation of economic, financial, social and cultural cooperation in the framework of the MEDA program.
Morocco-European Union, Economics, 2/1/2000

Agreement for boosting economic cooperation between Egypt and Germany
Egypt-Germany, Economics, 2/1/2000

$2.5 billion in Israeli software exports
Egypt-Israel, Economics, 2/1/2000

Spanish firm invests $10 million in transport in Marrakesh
Morocco-Spain, Business, 2/1/2000

Moroccan, Chinese cities to be twinned
The Moroccan northern city of Tangiers and China's Ching-Dao will be twinned, in a move meant to give a new impetus to economic and trade relations and cooperation.
Morocco-China, Economics, 2/1/2000

Intensive activity for training African personnel
Egypt-Africa, Economics, 2/1/2000

$400 million European loan for Egypt
The European Investment Bank decided to present an easy loan of $400 million to Egypt to be used in production projects for export.
Egypt, Economics, 2/1/2000

International fair for airport equipment in Cairo
Regional-Egypt, Business, 2/1/2000

Three protocols signed to work in media free zone
Three protocols were signed Monday to work in the Media Free Zone prior to signing the final contracts as soon as a decision is issued by the council of ministers to define the free media zone.
Egypt, Business, 2/1/2000

Government says no rise in petroleum byproducts
The Moroccan government said petroleum products' prices will not be raised in the kingdom despite a hike in international oil markets.
Morocco, Economics, 2/1/2000

Tunisia hosts third Arab conference of electronicsx
Tunisia will host the third Arab conference for electronics, communications and programs on May 25 - 27, in which 500 experts in the electronics field from the Arab and foreign states will participate.
Regional-Tunisia, Economics, 2/1/2000

$20 million in funds for Egyptian company for programs
Many Egyptian and foreign financial and investment corporations agreed on establishing the first data and programming company in Egypt with a capital of $20 million.
Egypt, Business, 2/1/2000

Pharmacists probe in Marrakesh their role in 3rd millennium
Over 600 pharmacists from Europe, Africa and Arab countries will meet in Marrakesh this Feb. 3-5 to examine perspectives of the industry in the 3rd millennium.
Regional-Morocco-International, Business, 2/1/2000

Indonesian Coalition Protests Foreign Loans
An anti-loan coalition pointed out that Indonesia's current external debt of $150 billion have greatly impoverished the people, reports Indonesian news agency "ANTARA."
Regional-Indonesia, Economics, 2/1/2000

Morocco and Libya consolidate fishery cooperation
Morocco and Libya agreed to consolidate cooperation relations in maritime fisheries through exchange of visits, data and scientific research.
Morocco-Libya, Economics, 1/31/2000

Indian information minister in Syria
Indian minister of information Aroun Jeitli arrived in Damascus ended a three-day official visit to Syria.
Syria-India, Economics, 1/31/2000

Five US and European contracts for Syrian petroleum
Syria, Business, 1/31/2000

Yemeni - Qatari committee concludes in Sanaa
The first session of the Yemeni - Qatari committee concluded yesterday in Sanaa, in which the sides were headed by Yemeni Finance Minister Alawi Salah al-Salami while the Qatari side was headed by Minister of Trade and Economy Yusif Husayn al-Kamal.
Yemen-Qatar, Economics, 1/31/2000

Minister urges US to use investment opportunities in Morocco
Minister of industry, commerce and handicraft Alami Tazi urged the United States to make use of investment opportunities in Morocco.
Morocco-USA, Economics, 1/31/2000

Time's ripe for a new vision for the Middle East
Foreign Minister Amr Moussa said that there is a new vision involving the Middle East at the start of the 21st century.
Egypt-International, Economics, 1/31/2000

Egypt's Industry achieves considerable growth in 1999
The Ministry of Industry specified 2,363 projects during 1999 with capital investment of LE 8.681 billion. These projects' value of the annual production reached LE 16.641 billion providing 90,498 job opportunities with LE 534 million annual salaries.
Egypt, Economics, 1/31/2000

Economic growth increases in UAE
A report released by the Ministry of Planning on Sunday said that the GNP in the United Arab Emirates has increased by 10% in 1999, due to the improvement in oil prices.
United Arab Emirates, Economics, 1/31/2000

New hotels in Syria
Chairman of the international Starwood hotel and resort company for Africa, India and the Middle East, Sami al-Zoughbi, has announced that the company is building two Sheraton hotels in Syria, in Aleppo and Sednaya (near Damascus).
Syria, Business, 1/31/2000

Banana growers united to face competition and improve quality
Banana producers in southern Morocco have set up an association to defend their industry against international competition and improve the quality of their produce.
Morocco, Economics, 1/31/2000

Paris club expected to reschedule $ 2.2 bln of Indonesia's debts
Some $ 2.2 billion of Indonesia's foreign debts due in 2000 is expected to be rescheduled at a Paris Club meeting and possibly also at a London Club gathering in September, a World Bank official said here last week.
Regional, Economics, 1/31/2000


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