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Libyan economic mission in Morocco
Morocco-Libya, Economics, 12/22/2001
Egyptian-European finance to meda-2 projects
European Union (EU) Ambassador to Cairo Ian Boag yesterday underlined the importance of a national guide program of cooperation with the Euro-Mediterranean Partnership countries, from which Egypt benefits in financing several projects within the Meda-2 European aid programme.
Egypt-European Union, Economics, 12/22/2001
Maroc-telecom announces 11.5 billion dh-investment for 201-2005
Maroc-Telecom has adopted an investment plan worth 11.5 billion DH (US$ 1.04 Bln) for the 2001-2005 period to consolidate its leadership on the Moroccan telecoms market and carry on its international development.
Morocco, Business, 12/22/2001
Drilling to start in four wildcat fields next month
Drilling work in four wildcat oil and gas fields, including three in the foreign companies' concession area of the Mediterranean off the Egyptian coast, are due to begin next week, with a total investment of $ 30 million.
Egypt, Economics, 12/22/2001
Portuguese Group Withdraws from Water-Electricity Utility in Rabat
Portuguese group (Electricidad de Portugal) has decided to sell its shares in REDAL, a Spanish-Portuguese firm that obtained in 1999 concession of water and electricity supply for Rabat.
Morocco-Portugal, Business, 12/22/2001
Industrial production posts slight improvement
Processing industry has posted a slight improvement of 1% in the period between July and September 2001, compared to the precedent three months, official statistics say.
Morocco, Economics, 12/22/2001
US tour-operators allocate up to $ 40 mln for promotion of Morocco bound
A group of American tour operators who market the Morocco bound on the US market say they are ready to allocate between US$ 30 to 40 million to increase the number of US visitors to Morocco.
Morocco-USA, Economics, 12/22/2001
The Saudi no more prefer the US, Europe for tourism
News agencies officials said that the Saudis no more prefer the US and Europe to spend their vacation and become inclines to visit Arab and Islamic states following September 11 attacks.
Saudi Arabia, Economics, 12/21/2001
The first office for the European commission in the Gulf to be shortly opened in al-Riyadh
The European Union has achieved on December 18 a basic step towards strengthening its trade and economic relations with the countries of the Gulf Cooperation Council by declaring the opening of an official office for the European Commission EC in al-Riyadh.
Gulf-European Union, Economics, 12/21/2001
UN official warns of critical Palestinian economic conditions
A senior United Nations Middle East envoy on Thursday said the region was experiencing "peace-building in reverse," citing the rising death toll and new studies on the economic conditions facing Palestinians.
Palestine, Economics, 12/21/2001
Morocco, ready for shift to euro
Morocco is ready for the shift to the Euro, European single currency, and will handle the operation in all trust and serenity, sources from Morocco's central bank "Bank Al-Maghrib" said.
Morocco, Economics, 12/21/2001
Gas liquefaction factory contract signed in Madrid
Egypt and three foreign companies signed yesterday a contract in Madrid by which the consortium inducing Spanish, Japanese and American companies will set up a factory in Dametta for gas liquefaction.
Egypt-Spain, Economics, 12/20/2001
Arab foreign debts exceeds $ 160 billion
According to an Arab economic report, the volume of foreign debts owed to be paid by the Arab states increased to USD 160 billion, while other USD 12 billion should be paid annually as interest rate for this debt. A situation which expose Arab economics especially in non- oil states to several risks, especially their ability to achieve developmental objectives.
Regional, Economics, 12/20/2001
Economic group downgrades 2001 growth rate forecast
The ministry of finance has downgraded initial forecasts that the 2001 growth rate would stand at 8.1% with an increase of 43% of the agricultural added value.
Morocco, Economics, 12/20/2001
Matis aerospace company holds first administrative board meeting
MATIS (Morocco Aero-Technical Interconnect Systems) Aerospace company, a joint venture between Boeing Company, Moroccan carrier Royal Air Maroc (RAM) and French Labinal Snecma Group, that was set up last June, held the first meeting of its administrative board in Morocco lately.
Morocco, Business, 12/20/2001
New car sales estimated to reach 45,000 units this year
The car-making sector has been developing since 1995 and new car sales are scheduled to reach this year 45,000 units, said chairman of the car-making federation, Abdellatif Ajana.
Morocco, Economics, 12/20/2001
Marrakesh hosts second tourism convention in january
Marrakesh will play host next January 25 to the second tourism convention to be attended by more than 1,500 participants representing Moroccan and foreign tour operators, decision makers and businessmen operating in the sector of tourism.
Morocco, Economics, 12/20/2001
European union wishes Algeria will join agadir FTZ
The European Union wishes that Algeria will join "the very important" initiative of Morocco, Egypt, Tunisia, and Jordan to set up a free trade zone (FTZ), European Commission spokesman said Wednesday.
Algeria-European Union, Economics, 12/19/2001
Portugal opens 10 million euro credit line for Moroccan SMEs
Portugal has opened an easy 10 million Euros credit line for Moroccan and Portuguese small and medium enterprises, in a bid to increase exchanges between the two countries and promote the creation of joint ventures.
Morocco-Portugal, Economics, 12/19/2001
Sudanese banks prepare to deal with the EURO
Sudan, Economics, 12/18/2001
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