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Car industry in the Arab states deteriorating
An official report issued by the Arab organization for Agricultural development has explained that Car producing Arab companies suffer difficulties in exporting its products because of the increase in production costs at 30% over producing cars in other countries.
Regional, Economics, 12/29/2001
Egyptian-Saudi talks on boosting investments, trade exchange
Egypt and Saudi Arabia yesterday reviewed commercial ties and explored ways of enhancing them.
Egypt-Saudi Arabia, Economics, 12/29/2001
OPEC ministers meet in Cairo
OPEC ministers for the first time meet in Cairo for talks on the possibility of decreasing the output by 1.5 million barrels per day in addition to the quantities to be also cut by some non-OPEC suppliers like Norway and Mexico.
Regional, Economics, 12/29/2001
OPEC decides 1.5 million barrels cut as from January
OPEC emergency summit, held in Cairo endorsed yesterday decision to decrease its total production from 23.2 million barrels per day (bpd) to 21.7 million pbd.
Regional, Economics, 12/29/2001
Major French Bank launches investment projects in Egypt
France's ambassador to Egypt Francois Dopffer announced that the French Agriculture Credit Bank will launch investment projects in Egypt and a delegation will visit Cairo on January 19 for talks with officials and businessmen for this purpose.
Egypt-France, Economics, 12/29/2001
$158 million in Iraqi oil sold last week under 'oil-for-food' program
Over the last week, $158 million of Iraqi oil was sold under the oil-for-food program, which allows Baghdad to use a portion of its petroleum revenue to purchase humanitarian relief, according to the United Nations office running the effort.
Iraq, Economics, 12/29/2001
UN agency calls for safeguards to protect fish stocks in developing countries
Citing new research, the United Nations Environment Program (UNEP) on Thursday warned that developing countries that open up their waters to foreign fishing fleets may lose far more than they gain.
Regional, Economics, 12/29/2001
Signatory countries of Agadir declaration on Arab FTA hold meeting in amman
The Agadir Declaration, signed last May by the foreign ministers of Egypt, Jordan, Morocco and Tunisia, sets up a free trade zone between Arab-Mediterranean countries. The free trade zone will be extended to six other Arab countries, namely Algeria, Libya, Mauritania, Syria, Lebanon and Palestine.
Regional, Economics, 12/28/2001
Study warns against brain drain from the Arab states
A new Arab study, quoted by the Kuwaiti news agency (KUNA) warns against the brain drain from Arab to developed countries and underlined the need for an Arab strategy to address this problem.
Regional, Economics, 12/28/2001
OPEC meeting to be held in Cairo tomorrow
Algerian Energy Minister Shekib Khalil said on Wednesday that Organization of Petroleum Exporting Countries (OPEC) ministers will take an appropriate decision to cut the output ceiling given the non-OPEC states' approval to decrease production by 460,000 barrels per day.
Regional-Egypt, Economics, 12/27/2001
Fifteen new oil finds with reserves worth $ 4 billion
Egyptian Prime Minister Atef Ebeid has reviewed a full dressed report submitted by Eng. Sameh Fahmy the Minister of Petroleum on the new oil discoveries.
Egypt, Economics, 12/27/2001
Maghreban colloquy on population calls for breaking isolation of rural world
The 10th colloquy on population and rural development in the Maghreb, held in Rabat Dec.24-26, called for breaking the rural world isolation and for raising the living standards of rural populations.
Maghreb, Economics, 12/27/2001
Parliament adopts bill on privatization of tobacco company
The house of representatives (lower house of the Moroccan parliament) adopted on Wednesday a bill on the privatization of the Moroccan tobacco company.
Morocco, Business, 12/27/2001
UK enlists Egypt as stable market
The British government decided to lift the name of Egypt off the promising markets list where it has been existing over the recent years and set to enlist it on the stable markets list, which is a better degree.
Egypt-UK, Economics, 12/27/2001
Joint projects between Egypt and Algeria
Eng. Sameh Fahmy said cooperation between Egypt and Algeria will be intensified in the field of petroleum and natural gas in the light of the distinguished relations between the two countries.
Egypt-Algeria, Economics, 12/27/2001
Government injects $ 5.4 million to save sugar-refining company
The Moroccan government signed on Wednesday a five-year contract-program with a sugar-refining company, Sucrafor, under which it will inject 60 million DH (US$ 5.4 million) in the company.
Morocco, Business, 12/27/2001
Morocco's exports to Switzerland: over $ 22.7 million in first half of 2001
Morocco-Switzerland, Economics, 12/27/2001
Gulf summit discusses acceleration of customs federation, currency union in 2010
The secretary General of the Gulf Cooperation Council (GCC) has stressed that the draft agenda proposed to the GCC summit is of important issues, especially in economic fields.
Gulf, Economics, 12/26/2001
The first conference for the Arab private sector
Well-informed political sources at the general Secretariat of the Arab League (AL) have stressed that the first Arab economic conference of the Arab private sector and businessmen will be held in June 2002.
Regional, Economics, 12/26/2001
A Jordanian- Kuwaiti free trade agreement
The Jordanian and Kuwaiti governments on Tuesday signed an agreement on free trade exchange which exempts all agricultural, livestock and industrial products of national origin from all customs fees and other relevant fees completely and constantly.
Jordan-Kuwait, Economics, 12/26/2001
Minister: over 47 million dh went to oil prospecting in 2001
The volume of oil prospecting investments in Morocco could exceed 47 million DH (US$ 4.2 Mln) in 2001, said minister of industry, trade, energy and mining, Mustapha Mansouri.
Morocco, Economics, 12/26/2001
Casablanca stock exchange to get two more indexes
The Casablanca stock exchange will operate, starting next January, two new indexes: the Moroccan Most Active Shares Index (MADEX) and the Moroccan All Share Index (MASI).
Morocco, Economics, 12/26/2001
Some 70 percent of subsidies to oil go to diesel-oil used in agriculture
Some 70 percent of subsidies to liquefied hydrocarbons, i.e. 2 billion Dirhams (about US $173.91 million) out of 2.8 billion DH, went to diesel-oil used in the agriculture sector, between August 1999 and October 2001, said Tuesday Moroccan minister of industry, trade, energy and mining, Mustapha Mansouri.
Morocco, Economics, 12/26/2001
Morocco allocates 200 million dh to tourism promotion
Morocco has allocated 200 million DH (US$ 18 million) to a new strategy to promote the Morocco bound in Arab and European markets
Morocco, Economics, 12/26/2001
Piracy entails a $ 6 million-loss for the state
Computer software piracy has represented in 2000 a loss of about $ 6 million in fiscal receipts for the state, says the Business Software Alliance (BSA).
Morocco, Economics, 12/26/2001
Three main issues proposed to develop Arab economics
Following the incidents of September 11, three main issues have been proposed to develop Arab economics through expanding markets, creating new work opportunities and involving the Arab capital, effectively to building a bright Arab future, able of serving social and political objectives instead of the state of frustration prevailing the Arab region.
Regional, Economics, 12/25/2001
Deterioration of natural agricultural resources in the Arab states because of desetrtification
A recent report by the Arab Organization for Agricultural development stressed continued deterioration in both quality and quantity of agricultural natural resources in various Arab states because these resources have been exposed to desertification as a result of hard exploitation of resources by intensive grazing of pastures and overuse of irrigation waters, and the lack of necessary drainage system to serve in this field.
Regional, Economics, 12/25/2001
OPEC meetings in Cairo reflect Egypt's distinguished position
The Egyptian Minister of Petroleum Sameh Fahmi Tuesday said holding the emergency OPEC meetings on Friday in Cairo for the first time reflects Egypt's distinguished position at the level of international relations and pivotal role in realizing just and overall peace in the region.
Regional-Egypt, Economics, 12/25/2001
Islamic trade development center holds administrative board meeting
The Casablanca-based Islamic Center for Trade Development is holding the 18th meeting of its administrative board in Casablanca Dec.24-25 to look into the financial and activity reports and elect a new board.
Regional, Economics, 12/25/2001
Working hard to boost exports
Described by President Hosni Mubarak on several occasions as a life-or-death issue, the promotion of exports has topped the government's agenda for several years now.
Egypt, Economics, 12/25/2001
EU-Egypt cooperation fuels industrial modernization
Egyptian Minister of Industry Ali el-Saidi spoke before a Parliamentary Committee about Egypt's cooperation with the European Union (EU) to develop its industrial sector.
Egypt-European Union, Economics, 12/25/2001
WB report: optimistic signs of Egyptian economic performance
The World Bank (WB) asserted its support of the Egyptian government's policy which depends on rapidly growing market mechanisms in developing the Egyptian economy.
Egypt, Economics, 12/25/2001
Syrian- Iraqi trade relations promoted
Iraq's trade minister Muhammad Mahdi saleh on Sunday stressed during his inauguration of the Syrian products exhibitions at the Syrian trade center in Baghdad praised the trade and economic relations between the two states, noting that these relations have become an example to be followed.
Iraq-Syria, Economics, 12/24/2001
An oil agreement signed between Iraq, Jordan
Iraq and Jordan on Sunday signed the special program on ensuring the latter ( Jordan)'s requirements of crude oil and oil by- products for 2002 at preferable prices.
Iraq-Jordan, Economics, 12/24/2001
Morocco moves to institute unemployment insurance in morocco
The administrative board of "La Caisse Nationale de S?curit? Sociale" (CNSS/social security fund) adopted a draft bill providing for instituting an unemployment insurance.
Morocco, Economics, 12/24/2001
National strategy for sustainable development in Syria
In a statement to Arabic News Eng. Yahia Awaidah, director of Environmental Management Directorate at the ministry of State for Environmental Affairs said that in collaboration with other ministries concerned, the ministry of State for Environmental Affairs adopted the Syrian National Environmental Action Plan (NEAP), which proposes several action plans and programs that if implemented according to the defined time schedule would lead to an overall sustainable development in Syria.
Syria, Economics, 12/24/2001
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