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Weekly Edition, Economics  -  Week of October 1, 2001
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Morocco calls for Euro-Med, Euro-African solidarity to handle debt issue
Morocco on Friday called for a Euro-Mediterranean and a Euro-African solidarity to handle the issue of debt.
Morocco-Regional, Economics, 10/6/2001

Japanese company to reclaim lands in Kuwait
The Japanese oil company Edimitso Kosan said on Friday it will start land cultivation operations in Kuwait and other countries in the Middle East in an attempt to diversify sources of its income in the light of the slowness in the oil sector which is its main activity.
Kuwait-Japan, Business, 10/6/2001

Urgent European aids for the Palestinians
The European commission said on Friday it has allotted urgent humanitarian aids estimated at five million EUROS for the Palestinians children and women in the Palestinian territories.
Palestine-European Union, Economics, 10/6/2001

Morocco, Tunisia determined to enhance trade exchanges
Morocco and Tunisia on Thursday expressed determination to enhance their trade relations and to bring up their value to US$ 500 million per year in a near future.
Morocco-Tunisia, Economics, 10/5/2001

King Mohammed receives handicraft creators
Moroccos' King Mohammed VI received inn Marrakesh Friday noon delegates of handicraft creators and handicraft trades who presented to the sovereign "the Oath of the Craftsman" and a copy of the white book on handicraft.
Morocco, Economics, 10/5/2001

Morocco integrates information society, official
Morocco has devised a national strategy that will help the country integrate the information and knowledge society, the Moroccan secretary of state in charge of posts and telecommunications and information technology said Thursday.
Morocco, Economics, 10/5/2001

Morocco's ONAREP and US Kerr-McGee firm sign oil search deal
Morocco's state-owned "ONAREP" (National office of Oil Research and exploration) and US Kerr-McGee oil and gas company on Thursday signed an accord over offshore hydrocarbon research.
Morocco, Business, 10/5/2001

Morocco's air company takes urgent measures to face international crisis
The Moroccan government took on Thursday a package of urgent measures to make up for losses of 1.1 billion Dirhams (around US$ 100 million) expected to be posted in 2002 by the national air company "Royal Air Maroc" (RAM), as a result of the international civil aviation crisis subsequent to the September 11 attacks on the US.
Morocco, Business, 10/5/2001

UNRWA receives $ five million from Al Aqsa fund
The United Nations Work Relief Agency for Palestinian refugees has been donated a US$ 5 million contribution from Al Aqsa fund, a fund set up by the Arab League in last October and managed by the Islamic Development Bank.
Palestine, Economics, 10/5/2001

A call to accelerate the implementation of the Arab free trade zone agreement
Regional, Economics, 10/4/2001

Inter- Arab investment is booming
The secretary general of the federation of the Arab chambers Elias Ghantous has stated after he attended a forum to acquaint with the conference of the Arab businessmen and investors due to be held in Dubai in November that inter- Arab investments have been improved
Regional, Economics, 10/4/2001

Spanish fishermen associations press for return to Morocco of tradition fishing fleet
A group of associations representing the fishermen of the Spanish northwestern region of Galicia has called the government to start the soonest negotiations with Morocco to allow Spanish traditional fleet to resume activities in Morocco.
Morocco-Spain, Economics, 10/4/2001

Morocco expounds housing policy at African meeting
Morocco expounded on Wednesday at the second session of the African regional group of parliamentarians for housing, held in Rabat this Oct.2-5, its low-cost housing policy.
Morocco-Regional, Economics, 10/4/2001

An economic agreement signed between UAE, Jordan
United Arab Emirates-Jordan, Economics, 10/3/2001

Delegation from Moroccan phosphates corporation visits Libya
A delegation from the Moroccan state-owned phosphates corporation (OCP) is currently visiting Libya to explore ways of enhancing cooperation between OCP and the Libyan national oil company.
Libya-Morocco, Economics, 10/3/2001

Sudan and OPEC
The Sudanese minister of energy and melting Awad Ahmad al-Jaz stated that accepting Sudan as an observer member in OPEC will avail it the chance to further benefit from the available supplies in the area.
Sudan, Economics, 10/3/2001

Ericsson in first mobile portal venture in Morocco
Ericsson Maroc, a unit of Swedish Ericsson group, and Morocco's Finance.com will launch the first mobile portal for financial transactions in Morocco early next year, a Finance.com manager said on Tuesday.
Morocco, Business, 10/3/2001

Telenor launches internet satellite solution in Morocco
Nortis, the Moroccan subsidiary of Norwegian Telenor, launched its satellite solution for Internet in Morocco.
Morocco, Business, 10/3/2001

Talks between chiefs of Beit Mal Al-Quds and Islamic Development Bank
Director general of the agency Beit Mal Al-Quds, Wajih Hassan Ali Kacem, who is Palestine's ambassador to Morocco, held talks recently in Jeddah with chairman of the Islamic Development Bank (IDB), Ahmed Mohamed Ali, on projects approved by the bank and that will be carried out in the holy city.
Palestine-Regional, Economics, 10/3/2001

Morocco and Finland sign investment protection agreement
Morocco and Finland signed in Rabat Monday an agreement for the promotion and protection of investments and an addendum to a convention concluded in 1973 on non-double taxation.
Morocco-Finland, Economics, 10/2/2001

African trade ministers consider setting up common market
Egyptian Minister of Economy and Foreign Trade Youssef Boutros Ghali called upon the African countries to work out a balanced and positive agenda for the issues to be raised during the fourth ministerial conference of the World Trade Organization (WTO), due to convene in Doha in November.
Egypt-Regional, Economics, 10/2/2001

Rate of interest cut activates bourse, market and reduce debts service burdens
Economists pointed out yesterday that the recent government's decision to cut the rate of interest on deposits and investment certificates will positively activate the bourse, local market and reduce the debt service burdens incurred by the general budgets.
Egypt, Economics, 10/2/2001

Investors plug L.E 12.4 billion into mega-projects
"Investments in Egyptian mega-projects have hit LE 12.4 with the private sector contributing nearly one quarter of the amount," a state official announced yesterday.
Egypt, Economics, 10/2/2001

World bank warns that poverty will rise in wake of attacks on US
Last September attacks against the United States will hurt economic growth in developing countries, condemning as many as 10 million more people to live in poverty next year while hampering the fight against childhood diseases and malnutrition, the World Bank said Monday.
Regional, Economics, 10/2/2001

LE 850 million additional finance in FY 2001/02
Ahmed El Darsh, the Egyptian Minister of Planning and International Cooperation and Chairman of the National Investment Bank (NIB), approved an additional finance worth L.E. 850 million in the first quarter of FY 2001/02 plan, thus bringing the aggregate allocation to L.E. 3.7 billion to meet the needs of the domestic bodies.
Egypt, Economics, 10/2/2001

Seminar on trans-saharan road in Mali in november
A training seminar organized by the Trans-Saharan Road Liaison Committee (TRLC) will be held November 12-24, in BamaKo, Mali, to discuss a number of topics relating to various technical, economic and financial issues involved with the ongoing construction of the Trans-Saharan Road.
Regional, Economics, 10/2/2001

DHL supports SOS Villages in Morocco
Multinational company "DHL" specialized in worldwide express transport of parcels has concluded a partnership agreement with the Moroccan branch of "SOS Children Villages."
Morocco, Business, 10/2/2001

Morocco, France sign arrangement for information technology use in enterprises
Morocco and France on Monday signed an arrangement setting cooperation conditions in the use by Moroccan enterprises of information technologies.
Morocco-France, Economics, 10/2/2001

Bush signs trade agreement draft law with Jordan
US President George Bush on Friday signed a draft law that provides for implementing the free trade agreement with Jordan that had been negotiated in the year 2000.
Jordan-USA, Economics, 10/1/2001

Agricultural cooperation between Jordan, Sudan
Jordan-Sudan, Economics, 10/1/2001

Ebeid reviews increasing investments and development of industrial zones
Egyptian Prime Minister Atef Ebeid yesterday presided over a ministerial meeting to discuss means of solving problems faced by investors.
Egypt, Economics, 10/1/2001

Morocco signs loan conventions with two Arab funds
Morocco signed in Abu Dhabi on Saturday two loaning conventions, worth a total of 65 million Special Drawing Rights (SDR) with the Arab Trade Financing Program and the Arab Monetary Fund (1 SDR equals US$ 1.28).
United Arab Emirates-Morocco, Economics, 10/1/2001

Egypt opens major suspension bridge soon
Egyptian President Hosni Mubarak is expected to unveil next month a major suspension bridge built with Japanese assistance across the Suez Canal, said a Japanese International Cooperation Agency (JAICA) official.
Egypt-Japan, Economics, 10/1/2001

Marrakesh host to international conference on carpets
The 6th international conference on carpets was held last week in Marrakesh with the participation of some 300 experts and specialized journalists.
Morocco-Regional, Economics, 10/1/2001


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