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Weekly Edition, Economics  -  Week of January 29, 2001
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A call to improve trade relations between Iraq, Turkey
The Iraqi daily " al-Iraqi" on Friday called on Turkey to get rid of the American control and to maintain positive trade relations with Iraq in order to improve its economic conditions and compensate the losses inflicted on its as a result of the continued economic sanctions imposed on Iraq.
Iraq-Turkey, Economics, 2/3/2001

Egyptian economic performance improving
"Performance of the Egyptian economy witnessed a remarkable improvement during the last part of 2000 and the beginning of 2001, with most sectors flourishing, inflation rates slumping, imports decreasing and trade balance deficit showing signs of recovery," according to official figures.
Egypt, Economics, 2/3/2001

Canary businessmen eye investment in Moroccan tourism
Tour operators and delegations of the central and regional administrations of the Canary islands will pay a visit to Morocco by the end of the current month to explore investment opportunities in the kingdom.
Morocco-Canary Islands, Economics, 2/3/2001

El Salvador's delegation in Morocco in june to re-launch cooperation
A delegation from El Salvador, comprising parliamentarians, officials and economic operators, will visit Morocco next June to prospect means to consolidate bilateral cooperation.
Morocco-El Salvador, Economics, 2/3/2001

Islamic trade promotion center, Moroccan exporters sign memorandum of understanding
Morocco, Economics, 2/3/2001

New Morocco-EU round on fisheries next week
Morocco and the European Union will hold a new round of talks on fisheries this Feb.8-9 in Brussels, a European Commission source said.
Morocco-European Union, Economics, 2/3/2001

Syrian higher investment council approves 83 projects for Syria and Arab investors
The Syrian higher investment council held by the prime minister Muhammad Mustafa Miro on Thursday held a meeting in which several investment issues were discussed.
Syria, Economics, 2/2/2001

Egyptian- Cypriot cooperation in the area of gas, oil
The Egyptian minister of the economy Butrous Ghali will pay a visit to Cyprus in April to discuss the possibility of establishing cooperation between the two countries in the areas of oil and gas exploration.
Egypt-Cyprus, Economics, 2/2/2001

Morocco, 5th tourism destination for Spaniards
Morocco has become the 5th destination of Spanish tourists after France, Portugal, Andorra and the USA, said here Thursday Moroccan economy, finance, privatization and tourism minister, Fathallah Oualalou.
Morocco-Spain, Economics, 2/2/2001

Iraqi trade minister: Syrian- Iraqi trade volume is US $ 700 million
Iraqi trade minister Muhammad Mahdi Saleh said that the total trade exchange between Syria and Iraq has reached US $ 700 million and that the volume of this exchange will be increased in the future, as there are no impediments against maintaining cooperation and the establishment of joint projects between the two countries.
Iraq-Syria, Economics, 2/1/2001

An executive protocol for the Syrian- Iraqi free trade zone
This protocols aims at liberalizing trade exchange between the two states through new formula that comply with the nature of the new economic attitudes on the national, regional and international arenas, within the framework of the Arab League charter, the Arab economic unity agreement and the common Arab market agreement.
Syria-Iraq, Economics, 2/1/2001

Gulf states seeks to establish monetary federation
Gulf, Economics, 2/1/2001

Iraqi conditions to establish a free trade with Jordan
Well-informed Jordanian economic sources said that Iraq has put several conditions for setting up a free trade zone with Jordan.
Iraq-Jordan, Economics, 2/1/2001

Morocco, Yemen to upgrade fishery cooperation
Morocco and Yemen have convened to upgrade cooperation in the field of maritime fisheries and set up the 2000-2001 cooperation program.
Morocco-Yemen, Economics, 2/1/2001

Algeria's SONATRACH achieves record turnover
The Algerian Hydrocarbon Company (SONATRACH) achieved a record turnover of more than 22 billion dollars in 2000, the company's vice president, in charge of strategy and planning, announced Wednesday.
Algeria, Economics, 2/1/2001

European Investment Bank second visit to Syria
Following the resumption of the European Investment Bank ( EIB) operation in Syria on 14th December, two senior EIB officials will visit Syria from 3rd to 7th February to discuss further lending.
Syria-European Union, Economics, 2/1/2001

Conditions of Arab workers in Europe
The Arab Labor Organization said it will be preparing a file on the conditions of expatriate Arab workers in Europe and that this report will be submitted, when completed, to the officials in the Arab states to discuss it with the countries of the European Union as a whole unit with the aim to preserving the rights of Arab workers in these European countries, which, in return, have key interests in the Arab region.
Regional-European Union, Economics, 2/1/2001

Moroccan railways to be connected to European and Arab networks
Morocco announced recently projects to link its railway networks to those of Europe and other Arab countries.
Morocco, Economics, 2/1/2001

663 million in Aid to Jordan, US leads
Jordanian official sources said that total loans and donations offered by Arab and foreign governments and establishments to Jordan in 2000 reached US $ 663.3 million.
Jordan, Economics, 1/31/2001

Government moves to boost Casablanca bourse
Moroccan finance, economy, tourism and privatization minister, Fathallah Oualalou, announced on Tuesday a set of measures to guarantee Morocco's return to international financial markets, to diversify its financing resources and reduce dependence on domestic resources.
Morocco, Economics, 1/31/2001

The world bank and Lebanon
Lebanon, Economics, 1/31/2001

Measures for reactivating national economy and maintaining stability of exchange market
He also decided to hold meetings with junior investors who are benefiting from the SFD loans, to provide LE 1.2 billion for creating 250,000 job opportunities for youths, setting up 50 centers for developing small size projects and 35 technological centers.
Egypt, Economics, 1/31/2001

Stoppage of Morocco-EU fishery accord, beneficial to stocks
Morocco-European Union, Economics, 1/31/2001

Italian businessmen prospect Moroccan market
A delegation of Italian businessmen from Campania, southern Italy, is currently visiting Morocco to explore partnership opportunities in the Kingdom.
Morocco-Italy, Business, 1/31/2001

$ 316 M allocated to develop Rosetta gas field
Minister of Petroleum Sameh Fahmi reviewed during a meeting with British Ambassador in Cairo Graham Boyce Egyptian-British cooperation in the field of petroleum and the convening of British Gas board of directors meeting next month for the first time in Cairo.
Egypt, Economics, 1/31/2001

Qatar to allow demonstrators to WTO' s November meetings
The state of Qatar stressed it will permit the organization of demonstration upon the convening of the ministerial conference of the World Trade Organization which it will host in November, under the condition that these demonstration will be peaceful.
Qatar, Economics, 1/31/2001

Iraq earns an additional 293 million euros under UN's oil-for-food scheme
Baghdad earned an additional 293 million Euros over the past week under the United Nations humanitarian oil-for-food program, according to the latest statistics released Tuesday by the UN office overseeing the effort.
Iraq, Economics, 1/31/2001

UN appeals for $353 million to help famine-stricken Horn of Africa
In an effort to break the cycle of drought and famine in the Horn of Africa, the United Nations on Tuesday appealed for $353 million to cover the needs of 13 million people in five affected countries, reported the UN news center.
Regional, Economics, 1/31/2001

French pharmaceutical industrialists criticize obstacles to investments in morocco
Morocco-France, Business, 1/30/2001

Saudi, Pakistani economic relations reviewed
The Saudi minister of commerce Osama Jaffar Faqih on Monday met in al-Riyadh with the Pakistani minister of finance and the economy Shawkat Aziz, currently visiting Saudi Arabia to take part in the meetings of the 6th session of the joint Saudi- Pakistani joint committee.
Saudi Arabia-Pakistan, Economics, 1/30/2001

Natural Gas agreement propels Arab Common market
In an unprecedented move which represents a qualitative step towards achieving Arab economic integration, Egypt, Syria, Jordan and Lebanon signed an executive agreement for transporting and distributing Egyptian natural gas to Syria, Jordan, and Lebanon.
Regional, Economics, 1/29/2001

French Club Med to open six new villages in Morocco
Morocco-France, Business, 1/29/2001

Syrian- Iraqi talks on waters, housing issues
Deputy chairman of the revolution's leadership council in Iraq, Izzat Ibrahim has stressed " Baghdad's care to develop and strengthen relations " with Damascus in all fields. He explained that Iraq wants to make use, especially " from the Syrian efforts" in the areas of agriculture and irrigation.
Iraq-Syria, Economics, 1/29/2001

Syria, Turkey, and Iraq and the water issue still a problem
The officials in Syria, and Iraq are to hold talks to arrange the distribution of the waters of the Euphrates among them.
Syria-Iraq, Economics, 1/29/2001

Morocco reaps fruits of participation at Berlin Green week
Argan oil, an ecological product, is highly appreciated in European markets, worried by the mad-cow disease, and growing increasingly attracted by biological products. Morocco is the sole producer of products derived from Argan, a tree that only grows in southern Morocco.
Morocco, Economics, 1/29/2001

Morocco, Mauritania to Launch 14 Km Long Stretch of Trans-Saharan Road
Morocco-Mauritania, Economics, 1/29/2001

German auto-parts manufacturer to build unit in Morocco
Morocco-Germany, Business, 1/29/2001

IMF new loan for Mauritania
The International Monetary Fund (IMF) on Friday approved a loan for Mauritania at a cost of US $ 8 million to be added to a similar loan in the framework of the initiative to help the most indebted countries.
Mauritania, Economics, 1/29/2001

Malaysia to participate in Bahrain's port project
A Malaysia-Bahrain Memorandum of Understanding (MOU) has paved the way for Malaysian companies to participate in Bahrain's new $ 500 million Salman Port project
Bahrain-Malaysia, Economics, 1/29/2001

Egyptian Social Security improves
The recent World Bankıs report ³Social Security Networks, the Starting Point² said that Egypt has, within economic reform, paid great attention to applying professional training programs for qualifying cadres of banking system. This has been concomitant with amending pension and social security system.
Egypt, Economics, 1/29/2001


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