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Weekly Edition, Economics  -  Week of March 12, 2001
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Moroccan - British trade on the rise
Moroccan-British trade exchanged were increased by 18 percent since last year, British ambassador to Morocco, Antony Layden said Saturday.
Morocco-UK, Economics, 3/17/2001

Renovated bourse building inaugurated today
On the way to get Egypt back to restore its pioneer role as the greatest financial center in the Middle East, prime minister Ebeid opens today the Cairo and Alexandria Bourse building.
Egypt, Economics, 3/17/2001

Stock exchange development plan 90% complete
Sameh El-Torgman, Chairman of the Cairo and Alexandria Stock Exchanges, asserted in an interview published in the daily Al-Alam El-Youm today, that there is an improvement in the indicators of the Egyptian economy which will be reflected on all economic units as well as the capital market adding that the stock exchange will finance new projects.
Egypt, Economics, 3/17/2001

Egyptian European partnership contributes to modernizing economy's structures
"The Egyptian-EU partnership will help in modernizing the country's economic structures and securing a higher rate of growth under the economic reform program," said Assistant Foreign Minister Gamal Bayoumi who is in charge of the Egyptian-EU File.
Egypt-European Union, Economics, 3/17/2001

Cairo COMESA summit turning point for promoting trade, investment
Cairo is setting the stage for hosting COMESA summit on May 22 under President Hosni Mubarak. The summit is deemed an important turning point for promoting trade and investment among the member states of the Community of Eastern and Southern African Nations and will herald the establishment of a COMESA customs union.
Egypt-Regional, Economics, 3/17/2001

Egypt, Morocco, Nigeria lead African countries in investments
A study released by the United Nations Conference on Trade and Development (UNCTAD) said that Egypt, Morocco and Nigeria top the African countries in luring foreign investments where tourist activities in Egypt ranked second after the industry.
Regional, Economics, 3/17/2001

Moroccan bourse capitalization declines in january
Capitalization at the Casablanca stock market stood at 110.66 billion Dirhams (nearly $ 11.06 billion) at the end of last January, marking a drop by 3.67 percent compared to the amount recorded at the beginning of 2001.
Morocco, Economics, 3/17/2001

Meeting of sea research institutes in Maghreb-Mediterranean countries winds up
The meeting of sea research institutes of Maghreban countries bordering the Mediterranean sea held here March 12-15 agreed that the four countries would conduct a joint assessment of shared sea stocks and stage joint campaigns on acoustic prospecting.
Maghreb, Economics, 3/16/2001

Arab fund to finance connection of Egypt-Maghreb grids
The Arab Fund for Economic and Social Development (AFESD) will finance the connection of the power grids of Egypt and the Maghreb, Syrian power minister, Mounib Salem Al-Dahr, announced.
Regional, Economics, 3/16/2001

Qatar, UAE sign Dolphin gas agreement
Qatar and the United Arab Emirates on Wednesday signed an agreement that states the detailed conditions of the " Dolphin" gas agreement provides for the establishment of a pipeline for transporting the Qatari gas to the United Arab Emirates at a cost of $ 4 billion.
Qatar-United Arab Emirates, Economics, 3/16/2001

Senegalese president cites progress in road to link morocco, mauritania, senegal
Morocco-Mauritania, Economics, 3/16/2001

Jordan, Iraq sign financial arrangements minutes of meeting
Jordan and Iraq on Thursday signed a protocol on financial arrangements aiming at revitalizing their bilateral trade protocol.
Iraq-Jordan, Economics, 3/16/2001

Moroccan-Malian Cooperation in Handicraft Probed in Rabat
Means to upgrade Moroccan-Malian cooperation in the sector of handicraft were probed at a meeting in Rabat Thursday.
Morocco-Mali, Economics, 3/16/2001

European aeronautic defense and space company-Morocco aviation dedicates new facilities in Casablanca
The new facilities of the European Aeronautic Defense and Space Company-Maroc Aviation were dedicated Thursday at the Casablanca Mohammed V airport.
Morocco-European Union, Business, 3/16/2001

State budget records $ 1.49 billion deficit in 2nd half of 2000
Morocco's state general budget suffered a deficit of 15.7 billion DH ($ 1.49 Bln) in the July-December 2000 period, at a time forecasts had put the deficit at $ 1.57 billion, says the ministry of economy, finance, tourism and privatization.
Morocco, Economics, 3/16/2001

Egypt's economic performance improving
"Performance of Egypt's economy has improved with inflation rates down and foreign currency reserves at the Central Bank rising," a report released on Wednesday by the Ministry of Economy said.
Egypt, Economics, 3/15/2001

Arab electricity project embodies Pan-Arab action
"The Arab electricity network project is one of the key Pan-Arab joint ventures to embody Arab joint actions," Director General of the Arab Fund for Economic and Social Development Abdel Latif al Hamad said.
Regional, Economics, 3/15/2001

Trade union leader wants a development mechanism for southern provinces development
Morocco, Economics, 3/15/2001

Workshop calls for efficient statistics system on fisheries
Participants in a workshop on fishery statistics-- held part of a meeting of sea research institutes of Maghreban countries bordering the Mediterranean sea - called for setting up an efficient statistics compilation system on fisheries in the Mediterranean countries.
Maghreb, Economics, 3/15/2001

Egypt to export gas to Jordan, Syria, Lebanon, Turkey
"An agreement was reached Wednesday on the exportation of Egyptian natural gas to Jordan, Syria, Lebanon and Turkey," Egyptian Petroleum Minister Sameh Fahmy said in statements prior to his departure Damascus.
Egypt-Regional, Economics, 3/15/2001

Morocco, UAE to boost bilateral cooperation
Morocco and the United Arab Emirates (UAE) are determined to energize their bilateral cooperation and will sign to this end an accord on trade exchanges next April.
Morocco-United Arab Emirates, Economics, 3/14/2001

Moroccan truck firm to deliver Iraq 550 vehicles by end 2001
Morocco's truck-making firm, DAF Industries, has concluded a $ 60 million-worth contract with Iraq for the delivery of 550 trucks by end 2001, reports Moroccan economic daily "L'Economiste."
Morocco-Iraq, Business, 3/14/2001

Arab fishery marketing center holds meeting in Rabat
The information and counseling center on fish products marketing in Arab states, known as "INFOSAMAK" is holding its general assembly in Rabat that is discussing the activity program and budget for 2001-2002.
Regional-Morocco, Economics, 3/14/2001

Privatization attracts foreign direct investment in Middle East
Middle Eastern countries that dismantle economic controls are attracting foreign direct investment and creating prosperity, a senior US Commerce Department official says.
Egypt-Regional, Economics, 3/14/2001

Cement holding Lafarge-Maroc sales increases by 3.6 %
The sales of the cement holding Lafarge-Maroc increased by 3.6 per cent in 2000 going up from 1.98 billion DH ($188.9 Million) in 1999 to 2.05 billion DH in 2000.
Morocco, Business, 3/14/2001

Three Arab leaders to open electricity grid in Syria
Egypt-Syria, Economics, 3/13/2001

IMF: economic growth in Yemen
The IMF added that prospects of long term growth has been supported in Yemen after it ( Yemen) had settled a border issue with Saudi Arabia. IMF officials believe that this will permit Yemen to better integration with the regional economy.
Yemen, Economics, 3/13/2001

Moroccan- Egyptian businessmen set up three joint ventures and investment-promotion agency
The first joint venture is a Moroccan-Egyptian maritime transport and services company, with a capital of $ 60 million and an initial investment of $ 12 million. The Egypt-based company is scheduled to generate 200 jobs.
Egypt-Morocco, Business, 3/13/2001

African bank delegation meets Moroccan officials
Youssoufi called the Bank to formulate a financial product for the private sector and create mechanisms to finance small and medium scale enterprises.
Morocco, Economics, 3/13/2001

Syrian cotton fabrics and the EU
The BBC correspondent in Damascus said on Monday that at a time when both Syria and the European Union are preparing to convey a round of negotiations in Syria by the end of this month, the European Commission EC has sent an urgent memorandum addressed to the Syrian government on the possibility of taking preventive measures against what it called " flooding the European markets with Syrian exports of high- quality cotton fabrics
Syria-European Union, Economics, 3/13/2001

Moroccan minister back from Algeria's Sahel and Sahara observatory meeting
Moroccan minister of agriculture, rural development, water and forests, Ismail Alaoui, ended on Monday a visit to Algeria where he chaired the two-day meeting of the Sahel and Sahara Observatory's governing board.
Morocco-Maghreb, Economics, 3/13/2001

Arab bank board will meet in Manama next wednesday
The board of the Arab Bank For Economic Development In Africa will start its 102nd meeting on Wednesday in the Bahraini capital Manama.
Regional, Economics, 3/13/2001

Arab spending on advertising rise by 10% in 2000
40% of this amount was spent in the six Arab Gulf Cooperation Council states, 31.1% in Egypt, Lebanon, Jordan, Syria and Yemen and 28% in trans-Arab media.
Regional, Economics, 3/13/2001

Inter-arab investments guarantee corporation granted Morocco $ 4.1 million in 2000
The Inter-Arab Investments Guarantee Corporation has granted Morocco in 2000 a total of $ 4.1 million, representing 2% of the Kuwait-based corporation's total guarantees.
Morocco, Economics, 3/13/2001

The Iraqi oil pipe- line and Syria
The London- based Arabic language al-Zamaan issued on Saturday said that a UN team will start a visit to Syria, but no date was fixed for this visit in order to check the Iraqi oil pipe line which crosses the Syrian territories and to check the amounts of oil Iraq pumps into this pipe.
Syria-Iraq, Economics, 3/12/2001

Libya hosts UMA economy-finance commission
Maghreb, Economics, 3/12/2001

UAE business delegation in Morocco
A delegation of economic operators from the United Arab Emirates (UAE) is paying a visit to Morocco this week to explore means of enhancing economic and trade relations between the two states.
United Arab Emirates-morocco, Economics, 3/12/2001

Moroccan holding chief promotes in USA bourse-listed shares
Morocco-USA, Business, 3/12/2001

New expansion works for Cairo Airport
Minister of Information Safwat AL Sherif said that the two-hour ministerial meeting chaired by President Hosni Mubarak Sunday was devoted to discussing of a plan and map of important airports in Egypt, priorities and urgent stages of development and the situation as regards the process of development and modernization .
Egypt, Economics, 3/12/2001

German household appliances company opens branch in Morocco
German "Vorwerk" multinational, which produces household appliances has opened a branch in Casablanca to conquer both national and Maghreban-African Markets.
Morocco-Germany, Business, 3/12/2001

Belgian investors explore Moroccan market
A delegation of Belgian investors is expected in Morocco this Monday on a four-day visit to explore the possibility to set up in the kingdom a major poultry project.
Morocco-Belgium, Business, 3/12/2001

Maghreban sea research institutes meet in Rabat
The meeting, part of the FAO regional project on fisheries cooperation in the Mediterranean, is meant to promote south-south cooperation and identify topics of bilateral and multilateral research projects.
Maghreb, Economics, 3/12/2001

Trade balance deficit and imports down, exports up
Egypt, Economics, 3/12/2001

French officials highlight Toshka project
French experts highlighted the mammoth progress achieved in the domain of administering and implementing a hi-tech system to control water resources of Toshki project. They stressed that the coming generations are to reap the fruit of this project which is described by President Mubarak as the project of the century.
Egypt, Economics, 3/12/2001

Palestinian central bank approves opening of offices in different regions
Palestine, Economics, 3/12/2001


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