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Weekly Edition, Economics  -  Week of February 28, 2000
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Austrian economic delegation to visit Egypt today
An Austrian economic delegation under the chairmanship of Leopold Madersaner, chairman of the western trade union in Austria, is arriving for a three-day visit to Cairo.
Egypt-Austria, Economics, 3/4/2000

Chinese delegation prospects Moroccan market
A Chinese delegation from the municipality of Chongqing Friday wound up a six-day business prospecting visit in Morocco.
Morocco-China, Business, 3/4/2000

Arab labor conference starts today in Sharm El-Sheikh
The 27th Arab labor conference is starting today in Sharm El-Sheikh, Egypt and will last for one week, in which delegations representing governments, labor syndicates and organizations of business owners in the Arab states are participating.
Regional, Economics, 3/4/2000

Moroccan economic mission in Bahrain
A moroccan economic mission, currently touring the Gulf Cooperation Council states, arrived in Manama Thursday on a three-day visit to Bahrain.
Bahrain-Morocco, Economics, 3/4/2000

Egyptian aids to Mozambique's floods victims
Egyptian President Hosni Mubarak has ordered aid sent to Mozambique to help deal with the damage caused by flooding there.
Egypt-Mozambique, Economics, 3/4/2000

Spanish food aid to Mauritania
Mauritania, Economics, 3/4/2000

Kuwaiti operators keen on investing in Morocco
Kuwaiti public and private operators have voiced readiness to invest in Morocco to raise the level of Kuwaiti investments in the kingdom which do not exceed $80 million out of $2 billion invested abroad in 1999.
Kuwait-Morocco, Economics, 3/4/2000

Spain to contribute DH 403 million to Moroccan projects in 2000-2003
Spain said it would contribute 6.72 billion pesetas (403 million DH) in various development projects in Morocco between 2000 and 2003.
Morocco-Spain, Economics, 3/4/2000

Oman holds book fair
Oman, Business, 3/4/2000

68 countries in international investment forum in Kuwait today
Works of the International Investment Forum 2000 started today in Kuwait.
Kuwait-International, Economics, 3/4/2000

Cephalopod fishery probes prospects in light of EU departure
The Moroccan cephalopod association (ACM) convened early this week in Agadir a meeting to probe prospects for the high-sea fishery in light of the European fleet pullout, after Morocco refused to renew a fisheries agreeement with the European Union.
Morocco, Economics, 3/4/2000

For the first time, tourism remittances exceed those of Moroccan expatriates
Tourists brought to Morocco last year $1.87 billion (18.7 billion DH), exceeding for the first time Moroccan expatriates' remittances valued at $1.84 billion (18.46 billion DH), according to figures of the exchange office.
Morocco, Economics, 3/4/2000

Mobile phone users on the rise in Morocco
The number of mobile phone subscribers in Morocco, currently standing at 500,000, is expected to jump to one million by the end of the current year.
Morocco, Business, 3/4/2000

More than half of Moroccan families have a TV set
A percentage of 60% of Moroccan families have a television set, said figures of the Moroccan territory development department.
Morocco, Economics, 3/4/2000

Air flights resumed between Damascus and Benghazi
Syria-Libya, Business, 3/3/2000

Economic conference in Cairo to attract foreign investment
Egypt-International, Business, 3/3/2000

Three trade agreements probed by government council
The government council meeting chaired Thursday by Premier Abderrahmane Youssoufi probed three trade agreements with Malaysia, Croatia and Sudan.
Morocco-International, Economics, 3/3/2000

Misr - Iran Bank to be sold in March
The Egyptian Ministry of Public Enterprises decided to raise 80% of the capital of Misr - Iran Bank, $100 million, for development to Egyptian, Arab and foreign investors at the end of this month.
Egypt, Business, 3/3/2000

Jordanian - Syrian free zone to start its work at the end of March
The Jordanian - Syrian free trade zone will start its work at the end of March in a step to enhance commercial relations between the two countries and to attract investments.
Jordan-Syria, Economics, 3/3/2000

Tunisian - Egyptian businessmen to triple current trade level
A conference of Tunisian and Egyptian businessmen, which lasted for three days and in which 60 businessmen from the two states participated, concluded today in Cairo.
Egypt-Tunisia, Business, 3/3/2000

Japan studies lifting embargo on Egyptian citrus
Egypt-Japan, Economics, 3/3/2000

Egyptian television series marketed in Morocco and Algeria
Egypt-Regional, Business, 3/3/2000

Morocco attends Ottawa meeting on e-trade legal aspects
Morocco-International, Economics, 3/3/2000

Arab union for insurance to meet in Abu Dhabi in March
The Arab general union for insurance will convene its 23rd conference in Abu Dhabi city on March 27-30 under the slogan "Arab insurance and challenges of the 21st century."
Regional-United Arab Emirates, Economics, 3/3/2000

Spanish offer to purchase internal trade companies in Egypt
Alectra Anglos, a Spanish company, decided to invest in Egypt during the coming period.
Egypt-Spain, Business, 3/3/2000

US to give wheat to Lebanon
Lebanon-USA, Economics, 3/3/2000

New lines for EgyptAir to COMESA countries
Sources in the Egyptian Transportation Ministry revealed that the EgyptAir cooperation with non-governmental Egyptian organizations revealed the possibility of running new lines to the COMESA (Common Market for Eastern and Southern Africa) countries, especially those to which the Egyptian airplanes do not travel.
Egypt, Business, 3/3/2000

Libya embarks on a new budget
Libya has unveiled a new budget for the year 2000 which strongly minimizes the government's reliance on oil revenues, saying that the new budget will be balanced, thanks to the increase in tax revenues.
Libya, Economics, 3/3/2000

Arab investment conference to convene in Abu Dhabi in November
The Arab center for communications and international affairs will convene its first meeting during the November in Abu Dhabi under the title "The Arab investments: obstacles and solutions."
Regional-United Arab Emirates, Economics, 3/3/2000

First stage of Alamain airport begins
The first stage of establishing Alamain International Airport nearly 450 kilometers north of Cairo will begin tomorrow.
Egypt, Business, 3/3/2000

Taxes provide over 68% of state receipts
Morocco, Economics, 3/3/2000

90 Arab and international petroleum companies participate in Geo 2000
More than 90 Arab and international petroleum companies will participate in the fourth conference and fair in the Middle East for the geological sciences, "Geo 2000" that will be convened on March 27 - 29 in Bahrain.
Regional-Bahrain, Economics, 3/3/2000

Kuwait to invest $150 million in Indonesia
A Kuwaiti governmental and business delegation visited Indonesia recently and pledged to invest between US$ 100 million and US$ 150 million in the country, Indonesia foreign minister Alwi Shihab said on Thursday.
Kuwait-Indonesia, Economics, 3/3/2000

Egypt warns against increasing petroleum princes
Egypt-International, Economics, 3/2/2000

23,000 hotels room in southern Sinai
Egypt, Economics, 3/2/2000

$1 billion from Islamic Development Bank for projects in African countries
Regional-Africa, Economics, 3/2/2000

Morocco among world's emerging markets
Morocco-IMF, Economics, 3/2/2000

3.7 billion LE in Saudi investment in Egypt
Saudi Arabia-Egypt, Economics, 3/2/2000

Europe the first commercial partner for Egypt
Egypt-European Union, Economics, 3/2/2000

Commission approves five investment projects worth $580 million
Morocco, Economics, 3/2/2000

Morocco-EU association accord, a step towards Morocco's integration in European space
The Moroccan-European Union (EU) association accord, which entered into force on March 1, will help Morocco integrate the European space, the head of the European delegation in Morocco said.
Morocco-European Union, Economics, 3/2/2000

Contracts for six new hotels in Egypt
Six contracts were signed today in Cairo between the Accor group, owner of numerous hotels in the Middle East, on the margin of the first fair for tourism and travel in the Mediterranean Sea region, which is considered the first Egyptian stock market for tourism.
Egypt, Business, 3/2/2000

Thailand to have trade exhibition center in UAE
Thailand will have a permanent exhibition centre in the United Arab Emirates (UAE), as the latter has offered to provide a piece of land and construct the building for the former, Deputy Commerce Minister Gornpot Asavinvichit said in Bangkok on Thursday.
United Arab Emirates-Thailand, Economics, 3/2/2000

Agreement reached on Qatar gas pipeline project
Qatar-United Arab Emirates-International, Business, 3/2/2000

Morocco extends assistance to flood-stricken Mozambique, Botswana
Morocco extended last week an assistance to the governments of Mozambique and Botswana to help them in the heavy human losses and material damages caused by heavy floods that hit the two African countries.
Morocco-Africa, Economics, 3/2/2000

Gulf Air employees allowed to refuse transfer
Bahrain, Business, 3/2/2000

Agriculture accounts for 15 to 20 percent of GDP, economist says
Agriculture accounted for 15 to 20 percent of the gross domestic product (GDP) in the last eight years while added value ranged from 37 to 62 billion dhs, says Mohammed V University economist Mounir Zouiten.
Morocco, Economics, 3/2/2000

Morocco, USAID sign partnership accord
Morocco and the United States Agency for International Development (USAID) on Wednesday concluded a partnership accord for the use of information technologies in education.
Morocco-USA, Economics, 3/2/2000

$13 million in Egyptian exports to Iraq
Many Egyptian companies from the public and private business sectors signed contracts to supply Iraq with sugar and detergents worth LE 45 million ($13 million US) in the framework of the seventh stage of the oil-for-food program.
Egypt-Iraq, Economics, 3/1/2000

DSF 2000 starts today
United Arab Emirates, Business, 3/1/2000

Nine trade ministers participating in Cairo fair
Egyptian Prime Minister Atef Ebeid opened today the 33rd session of the Cairo International Fair which is being held in the fairs organization's grounds in Nasr city in Cairo on March 1 - 10.
Egypt-International, Economics, 3/1/2000

Jordan emphasizes the importance of investment in software
King Abdullah II of Jordan asserted his intent to provide all the necessary means for investments in software and the computer sector, following his meeting with Michael Lacombe, deputy chairman of the Microsoft company for the Middle East, Europe and Africa, who is visiting Jordan as Bill Gates' delegate according to Gates' promise to the Jordanian monarch at the Davos meeting last month.
Jordan, Business, 3/1/2000

Morocco calls Saudi investors to take advantage of gulf investment forum
Morocco invited Saudi businessmen to take advantage of the gulf investment and partnership forum to be held in Casablanca next May 2-4.
Saudi Arabia-Morocco, Economics, 3/1/2000

Egypt to host second conference for COMESA next year
The first regional economic conference of the joint markets for countries of eastern and southern Africa, COMESA 2000, concluded its work yesterday in Cairo by agreeing on convening a periodic conference for Comessa every year at the same time.
Egypt, Economics, 3/1/2000

Per capita income in Egypt increases by 88% in 9 years
It is a source of pride that the per capita income has increased in Egypt by 88% in nine years. I don't think any country has reported such a success, which is basically attributed to the keenness of President Hosni Mubarak pursue economic reforms.
Egypt, Economics, 3/1/2000

Moroccan carrier increases flights to/from Italy
Moroccan air carrier "Royal Air Maroc" will service, starting March 28, an additional two flights to and from Italy, RAM's regional manager in the European country said.
Morocco-Italy, Business, 3/1/2000

Egypt, keen on fulfilling COMESA objectives
"Egypt is committed to achieve the objectives of the Common Market for Eastern and Southern Africa (COMESA) and keen on realizing economic integration to set up a free trade zone," said Foreign Minister Amr Moussa on Monday.
Egypt-Africa, Economics, 2/29/2000

Thai-Iraqi trade commission meets for first time in 12 years
A meeting of the Joint Thai-Iraqi Trade Commission was held for the first time in 12 years, as Baghdad pledged to make a full payment to Thai rice exporters after the U.N. economic sanctions against the country was lifted, Deputy Commerce Minister Gornpot Asavinvichit said in Bangkok on Tuesday.
Iraq-Thailand, Economics, 2/29/2000

Morocco and Mexico move to finalize handicraft agreement
Morocco-Mexico, Economics, 2/29/2000

Experts call for revising Arab laws on patent rights
A coordination meeting of Arab patent rights bodies, held in Rabat recently, called Arab countries to revise the laws on patent rights laws and adapt them to international conventions.
Regional, Economics, 2/29/2000

Third Mediterranean forum for development in Cairo during March
Cairo will host on March 5 works of the third Mediterranean Development Forum.
Regional, Economics, 2/29/2000

27 Countries participating in first Egyptian stock market for tourism
Regional-Egypt, Economics, 2/29/2000

Jordanian minister denies smuggling of commodities into Jordan from neighboring states
Jordanian Minister of Finance Michel Marto has denied that he accused the Jordanian Parliament of having a lobby protecting smugglers who smuggle commodities to Jordan from neighboring countries.
Jordan, Economics, 2/29/2000

No increase in gas prices, government
The Moroccan government decided Monday not to increase gas prices, despite the hike in oil-prices in world markets.
Morocco, Business, 2/29/2000

Jordan, Italy sign agreement on rescheduling debts
Jordan-Italy, Economics, 2/29/2000

Moroccan enterprises criticize government's poor consultation
The Moroccan enterprises association (CGEM) criticized the ministries for failing to consult the enterprises before drafting major laws.
Morocco, Economics, 2/29/2000

London hosts Moroccan exhibition next March
A Moroccan exhibition, featuring industrial products and culture, will open in London next March 29 for both the public and professionals.
Morocco-UK, Business, 2/29/2000

French euro 13.5 million-loan to support liquid sanitation in Agadir
The French Development Agency has extended the city of Agadir (southwestern Morocco) a loan worth 13.55 million Euros to finance a liquid sanitation project in the city.
Morocco-France, Economics, 2/29/2000

More than half Moroccan urban population live in 7% of Moroccan cities
As many as 69.3% of Morocco's 13.42 million-strong urban population are concentrated in 7% of Moroccan cities, says a study by the demographic studies and research center (CERED).
Morocco, Economics, 2/29/2000

Bouteflika: Holding 1st COMESA regional Conference in Egypt, positive step
Diplomatic sources stressed the importance of the message Algerian President Abdel Aziz Bouteflika, the current Chairman of the Organization of African Unity (OAU), sent to President Hosni Mubarak on the opening of the first COMESA economic conference.
Egypt-Algeria-OAU, Economics, 2/29/2000

13 COMESEA countries seek Egypt's help in setting up research Farms
Thirteen members of the Common Market of Eastern and Southern Africa (COMESA) are seeking to benefit from Egypt's expertise in the domain of model research and experimental farms.
Egypt-Africa, Economics, 2/29/2000

Arab forum for the financial corporations to meet in Cairo in June
Works of the first Arab forum for the financial corporations will start in Cairo between 4th - 6th of coming June under the auspices of Egyptian Minister of Economy Yousef Boutros Ghali and Finance Minister Medhat Hasanain.
Regional, Business, 2/29/2000

Petroleum cooperation between Chad and Algeria
Chad's minister of mines and energy, Mokhtar Moussa, held talks with his Algerian counterpart, Chakib Khelil, in Algeria.
Algeria-Chad, Economics, 2/28/2000

Iraqi-Turkish trade cooperation
Turkish Minister of State Edip Safter Gaydali said on Sunday in Baghdad that the volume of trade and commercial cooperation between his country and Iraq will shortly increase to US $2.5 billion, the same level of trade as in 1990.
Iraq-Turkey, Economics, 2/28/2000

Orascom telecom announces acquisition of largest independent GSM
operator in Africa

A statement by Orascom Telecom said today that it has signed an agreement to acquire 80% of Telecel International, one of the largest independent GSM mobile operators in Africa. Telecel International, which currently brings eleven GSM licenses to Orascom Telecom, was among the first to pioneer wireless technology in Sub-Saharan Africa.
Egypt, Business, 2/28/2000

Saudi - Dutch trade cooperation
Saudi Minister of Commerce Osama Jaafar Faqih on Sunday in Riyadh discussed with the Dutch deputy premier and Minister of Economic Affairs Annemarie Jorritsma means of maintaining economic and trade cooperation between the two countries and prospects of their development.
Saudi Arabia-Netherlands, Economics, 2/28/2000

Tetouan hosts first women enterprises exhibition this March
Women managers association of northern Morocco (AFEN) will hold next March 7-9 in Tetouan (northern Morocco), the first Mediterranean multi-sectorial exhibition of women's enterprises (SMMEF 2000).
Regional-Morocco, Business, 2/28/2000

Slovenian economic delegation visits Egypt today
An economic delegation from Slovenia is due to visit Cairo through March 3 to discuss developing economic and commercial exchanges between the two countries.
Egypt-Slovenia, Economics, 2/28/2000

Moroccan executive delegation starts gulf tour
A Moroccan executive delegation, led by head of investments at the Moroccan finance and economy ministry, Hassan Bernoussi, arrived in Jeddah Saturday, first leg of a tour in Arab Gulf states.
Saudi Arabia-Morocco, Economics, 2/28/2000

Gas-stations on two day strike as of Monday
Gas-stations throughout the kingdom started Monday a 48 hour-strike at their union's call to protest undue practices by supply firms.
Morocco, Economics, 2/28/2000


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