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Weekly Edition, Economics  -  Week of February 5, 2001
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Maroc-telecom CEO in Mauritania
Mauritania-Morocco, Business, 2/10/2001

US firm announces commercial operation of unit 4 at Jorf Lasfar power plant in Morocco
US CMS Energy Corporation's independent power unit, CMS Generation Co., announced on Friday the start of commercial operation at Unit 4 of the $1.5 billion, 1,356- megawatt Jorf Lasfar power plant on the Atlantic shore in Morocco.
Morocco-USA, Business, 2/10/2001

Egypt, Italy good relations, economic cooperation
Egypt's Prime Minister Atef Ebeid said the visit of President Mubarak to Italy in the second half of this month aims at fostering joint cooperation mainly in the fields of trade and investment, adding that Egypt and Italy would sign an economic agreement under which Egypt's outstanding debts to Italy to the value of LE 560 million would be transferred into non refundable grant for financing development projects in Egypt.
Egypt-Italy, Economics, 2/10/2001

Iraq to increase its trade volume with Thailand
The Iraqi foreign minister Muhammad Saeed al-Sahaf said on Friday that his country will double volume of its trade with Thailand which is considered one of the main members in the ASEAN ( the Association of the Southern East League).
Iraq-Thailand, Economics, 2/10/2001

Moroccan- Italian industrial partnership probed at Casablanca conference
Italy is Morocco's fifth client and fourth supplier. In 1999, the volume of Italian investments reached 135 million DH ($ 12.8 mln), marking a 100% growth compared to 1998. However, they only account for 0.7% of foreign investments in Morocco.
Morocco-Italy, Economics, 2/10/2001

Modernization of Egypt, main project of the century
This year, the government policy statement included four specific programmes; one for providing decent life to the poor, the second for providing the basic services, especially the drinking water; the third for economic development, and the fourth for modernization of the Egyptian society.
Egypt, Economics, 2/10/2001

Official expounds Moroccan information technologies strategy
Morocco has adopted an ambitious strategy of new information and communication technologies (NICT), in the perspective of the projected free trade zone with Europe in 2010, said here Friday Nasser Hajji, secretary of state in charge of the new information and communication technologies.
Morocco, Economics, 2/10/2001

Morocco and UAE group sign tourism investment convention
Morocco and "Liwa" group, an international tourism investment company, signed in Rabat on Friday a convention, worth 200 million DH ($ 19,04 Mln), for the renovation and extension of the Liwa-owned three Sheraton hotels.
Morocco-United Arab Emirates, Business, 2/10/2001

New round of Morocco-EU political talks on fisheries as progress is cited in technical talks
The European Union Commissioner for Fisheries, Franz Fishler, will be visiting Morocco this Feb.20-21 for talks with fisheries minister, Said Chbaatou, to "bring Moroccan and EU stances on the fisheries issue even closer," Fishler's spokesman said.
Morocco-European Union, Economics, 2/10/2001

Morocco gets $8 million OPEC fund loan to expand hospital
Morocco and the Geneva-based OPEC Fund for International Development signed a US$8 million loan agreement with Morocco to help improve medical services in and around the central city of Marrakech.
Morocco, Economics, 2/10/2001

Portuguese enterprises seek outlets and partners in Morocco
Managers of 29 Portuguese enterprises will be visiting Morocco this Feb.13-14 on a prospecting mission seeking outlets for their products or partnerships with Moroccan enterprises.
Morocco-Portugal, Business, 2/9/2001

International Arab communication conference opens in Beirut
Regional, Economics, 2/9/2001

Morocco, Central Africa Sign MOU on Air Transport
Morocco and Central Africa signed a memorandum of understanding on air transport and cooperation in matters in civil aviation.
Morocco-Central African Republic, Economics, 2/9/2001

Morocco, EU Resume Negotiations on Fisheries Friday
Morocco-European Union, Economics, 2/9/2001

Tripoli to grant Morocco remainder of loan
Libya decided to speed up the procedure to extend Morocco $ 55 million, remainder of a $100 million loan to Morocco.
Libya-Morocco, Economics, 2/8/2001

Moroccan- Senegalese air company operates first flight on feb.22
The Moroccan-Senegalese air company "Air Senegal International," set up last November, will operate its first flight from Dakar this feb.22, said on Tuesday the company general manager, Mohamed El Aoufir.
Morocco-Senegal, Business, 2/8/2001

World Bank Determined to Back Morocco's Social Programs
The world bank is determined to back Morocco's social programs, all the more so as struggle against poverty is on top of the bank's priorities, said two senior executives of the bank who are currently on a visit to Morocco.
Morocco, Economics, 2/8/2001

British businesses look for partnerships in Morocco
A group of British businesses will visit Morocco this Feb.12-17 to look for opportunities in the Moroccan market and for partnerships with Moroccan companies, announces a statement of the British embassy in Rabat.
Morocco-UK, Business, 2/8/2001

Second GSM operator in Morocco to launch internet on mobile phones
Medi-Telecom, the second GSM operator in Morocco, is about to launch a new product, the Generalized Packet radio Service (GPRS), opening thus the way to mobile internet in the country.
Morocco, Business, 2/8/2001

Morocco, EU hold new round of negotiations on fisheries
Morocco and the European Union resumed this Thursday in Brussels technical negotiations on fisheries.
Morocco-European Union, Economics, 2/8/2001

Economic cooperation high on Egypt, Italy Agenda
Economic, commercial and investment cooperation is to feature high on the agenda of the Egyptian-Italian summit.
Egypt-Italy, Economics, 2/7/2001

Cabinet initially approves special economic zones bill
The Cabinet, at its meeting Tuesday under Prime Minister Atef Ebeid, approved in principle, a 57-article draft law on special economic zones prior to referring it to the People's Assembly and Shura Council.
Egypt, Economics, 2/7/2001

Exchange market moving to stability
The Cabinet decided to devote a place at the building of the Investment Authority at which all government agencies which deal with investors will have representatives.
Egypt, Economics, 2/7/2001

Port authority to invest $ 266.6 million over 2001-2005 period
The Moroccan port authority (ODEP) said Monday it will invest a total of $ 266.6 million (2.8 billion DH) over the 2001-2005 period.
Morocco, Economics, 2/7/2001

Japan extends Morocco $ 43.6 million loan
Morocco-Japan, Economics, 2/7/2001

Moroccan- Omani commission holds first meeting
Oman-Morocco, Economics, 2/5/2001

Minister expects good economic performance in 2001
Morocco's minister of economy, finance, tourism and privatization, Fathallah Oualalou, is expecting a good performance of the Moroccan economy in 2001 in view of a positive international juncture and internal factors.
Morocco, Economics, 2/5/2001

Kuwaiti Company Signs Suez Canal Cleaning Contract
Egypt-Kuwait, Business, 2/5/2001

Sudanese government studying plans to form free trade zone with Kuwait
The Sudanese government is studying plans to hold a free trade zone with Kuwait
Sudan-Kuwait, Economics, 2/5/2001

Spanish fish professionals stage actions against Moroccan fish exports
Fish professionals of the Spanish southern region of Andalusia will stage this week a mobilization campaign against the entrance of Moroccan fish exports to Spain, as a pressure on Morocco in the fisheries negotiations with the European Union.
Morocco-Spain, Economics, 2/5/2001


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