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Weekly Edition, Economics  -  Week of January 21, 2002
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Jordan and al-Wahda dam
Jordan's minister of waters and irrigation Hazem al-Nasser has stressed Jordan's determination to build al-Wahda dam on al-Yarmouk river.
Jordan-Syria, Economics, 1/26/2002

Egyptian-Libyan cooperation agreement in fish wealth concluded
Libya-Egypt yesterday signed a minutes of meetings of the Egyptian-Libyan joint committee in the field of fish wealth.
Libya-Egypt, Economics, 1/26/2002

More Arab tourists visit Morocco
The number of Middle-East and Gulf tourists visiting Morocco increased by 6 percent in 2001 compared to 2000, the Moroccan tourism office said.
Morocco-Regional, Economics, 1/26/2002

Morocco, Quebec Create Joint Financial Company
Morocco and Quebec set up a financial company for venture capital management, called Access Capital Atlantique (ACASA).
Morocco-Canada, Business, 1/26/2002

Morocco, EU sign cooperation program
Morocco and the European Union signed Thursday a cooperation program worth 426 Mln Euros, part of the MEDA financial cooperation for 2002-2004.
Morocco-European Union, Economics, 1/26/2002

Economic research forum and FEMISE in Cairo
The Economic Research Forum (ERF), based in Cairo, has been established to create a Middle East and North Africa research community that spans the Mediterranean Partners plus Iran, and the Gulf Countries.
Regional-European Union, Economics, 1/26/2002

Report: National economy minister hails relations between Oman and UAE
During the meeting cooperation between the Sultanate and Abu Dhabi Development Fund was discussed and existing joint ventures in the Sultanate were reviewed.
Oman-United Arab Emirates, Economics, 1/25/2002

Miro meets with Sarraf
The Syrian Prime Minister Muhammad Mustafa Miro on Thursday received the chairman of the Lebanese industrialists society Jacque Sarraf and members of the accompanying delegation.
Syria-Lebanon, Economics, 1/25/2002

Muharak attends the ceremony of launching Egyptian-Chinese business council
Egypt-China, Economics, 1/25/2002

An Oxford book highlighting 'Emerging Syria 2002'
This book represents a treasure of information about Syria's economy and business. Having followed the progress of this publication over the last six months, I can attest that the research was done with great care and that no sector was ignored. The result is outstanding and I thing it will help greatly in putting Syria on the map' of international business
Syria, Economics, 1/25/2002

Oman's foreign trade booms
Sultanate's foreign trade had witnessed a boom during the first nine month of last year as the total value of commodity exports rose by 6.1% to RO 3334.8 million compared to RO 3144 million during the corresponding period in 2000
Oman, Economics, 1/25/2002

Investments in fishery sector increase by 30 % in 2001
Investments in the fishery sector in Morocco amounted to 395 million Dirhams (about US$ 34.34 million) in 2001, recording an increase of 30 percent compared to 2000.
Morocco, Economics, 1/25/2002

Harods suspends imports of Israeli items produced in Arab settlements
The center of strengthening Arab - British Understanding CABU announced in London on Wednesday that the famous " Harods shops owned by the Egyptian businessman Muhammad al-Fayed in London responded to its request in suspending the imports of the Israeli goods produced in the Israeli settlements in the occupied Arab territories.
Regional-Israel, Economics, 1/24/2002

USA resolved to support Morocco's economic reforms
The United States are resolved to support ongoing reforms and economic liberalization in Morocco in order to enlarge prosperity horizons of Morocco, said in Rabat Wednesday visiting US trade representative, Robert Z. Zoellick.
Morocco-USA, Economics, 1/24/2002

Oil investment projects between Yemen, Russia
The Yemeni government has approved the two agreements, one pertains to investment of oil in al-Mahra area to the south of Yemen and taking part in the production with a Russian company.
Yemen-Russia, Economics, 1/24/2002

King Mohammed meets head of US oil group
Morocco's King Mohammed VI met Thursday at the Royal Office in Rabat Luke Corbett, President and Director-General of the US oil group Kerr-McGee.
Morocco-USA, Business, 1/24/2002

Gafi approves 6 new free zones
Mohamed Ghamrawi, Chairman of the General Authority for Investment and Free Zones (GAFI), Wednesday approved six new investment projects in the free zones with investments totaling 830 million.
Egypt, Economics, 1/24/2002

CBE lauds early payments, rebuts criticism
The Central Bank of Egypt (CBE) yesterday said that Egypt was fully committed to repaying its foreign debts as scheduled.
Egypt, Economics, 1/24/2002

Multilateralisim is dangerous with absence of united Arab economic strategy, dollar reserves low
The report criticized certain Arab states' continued work to the principle of multi regional and international trade agreements in the absence of a united Arab strategy.
Regional, Economics, 1/23/2002

Arab customs directors consider Arab free trade zone
Heads of Arab customs administrations who wound up a meeting in cairo Tuesday looked into issues related to the Arab Free Trade Zone and customs duties decrease.
Regional, Economics, 1/23/2002

Moroccan fm meets US trade representative
Morocco's minister of foreign affairs and cooperation, Mohamed Benaissa, met in Rabat Tuesday with US Trade representative Robert Zoellick, currently on a visit to Morocco.
Morocco-USA, Economics, 1/23/2002

Tourism recession in Israel
Israel, Economics, 1/23/2002

Qatar to reduce crude oil shipments
Qatar has informed its clients in southern Korea that it will reduce its shipments of crude oil through the land and the sea in next February at 6% of the contracted upon amounts.
Qatar, Economics, 1/23/2002

Saudi Arabian aid to Afghanistan
The Saudi minister of finance and the economy Ibrahim Bin Abdul Aziz al-Assaf has stressed that Saudi Arabia will continue its pioneering role in supporting Afghanistan economically and politically under the Interim Afghani administration.
Saudi Arabia-Afghanistan, Economics, 1/23/2002

Ebeid reviews efforts exerted to attract more tourists
Egyptian Prime Minister Atef Ebeid yesterday presided over a meeting of the Higher Tourism Council.
Egypt, Economics, 1/23/2002

Ministerial commission approves 5 investment projects worth $ 64 mln
An inter-ministerial commission in charge of studying investment projects approved on Monday five projects worth 737 million DH (US$ 64.08 Mln) expected to generate 2,200 jobs.
Morocco, Economics, 1/23/2002

USD 12 billion, annual Arab food deficit
The secretary general of the federation of the Arab chambers of commerce and industry in the United Arab Emirates Abdullah Sultan Abdullah al-Ameen said that the Arab states, including the Arab Gulf state suffer a growing food discrepancy of a total cost of USD 13 billion annually during the few past years.
Regional, Economics, 1/22/2002

Arab customs director meet in Cairo
Heads and directors of customs departments in the Arab states will discuss during their meeting which started on Monday at the headquarters of the Arab League issues relating to following up the implementation of the greater Arab free trade area measures and the stand of the Arab states towards the actual implementation of this area.
Regional, Economics, 1/22/2002

European union grants egypt 20 million euros
Egypt-European Union, Economics, 1/22/2002

OIC for maintaining solidarity to unify Muslim ranks
Balqaziz called on member states at the OIC to strengthen their trade and economic cooperation and to found the Common Islamic market.
Regional, Economics, 1/22/2002

EIB to increase its investments in Egypt
The European Investment Bank (EIB) communications official Helen Kavvadia said that the EIB has provided Egypt with 186 million euros in the fields of electricity, production, wastewater management and development of small and medium-scale enterprises (SMEs).
Egypt-European Union, Economics, 1/22/2002

Shell new investments in Egypt risen by $ 1.7 billion
"The Dutch-British Shell companiy will increase its investments in implementing number of new projects in Egypt whose production at present exceeds 600 million cubic feet of natural gas and 45,000 barrels of oil per day,obtained from Badr El-Din and A1-Obayed fields in the western desert," said Andrew Vaughn, Shell Representative in Egypt.
Egypt-Holland, Business, 1/22/2002

Egypt hosts donor countries conference on february 5
The Minister added that Egypt hoped the donor countries to approve providing $ 2.5 billion to address the deficit of trade balance and finance the urgent projects.
Egypt, Economics, 1/22/2002

EU-Morocco working group on the information society
The EU-Morocco Working Group on the Information Society will hold its first meeting on 22 January in Brussels.
Morocco-European Union, Economics, 1/22/2002

Regional statistical cooperation with the European Union
The Steering Committee brings together representatives of the EU's Statistical Office (Eurostat), and of Statistical Offices in the 27 Euro-Mediterranean Partners and in European Free Trade Association (EFTA) countries.
Regional-European Union, Economics, 1/22/2002

Kuwait pledges $ 30 million for reconstruction of Afghanistan
Kuwait has pledged through the Kuwaiti Fund for Arab Economic Development (KFAED) US$ 30 million as a contribution to the budget needed for Afghanistan's Reconstruction, economic development, security and stability.
Kuwait-Afghanistan, Economics, 1/22/2002

Arabs are in need of 4 million job opportunities every year
The director general of the Arab Labor Organization Ibrahim Qweider said that the Arab states have to ensure between 3 to 4 million job opportunities per year until the year 2010.
Regional, Economics, 1/21/2002

Iraq to sign free trade agreements with three Arab states in the first quarter of 2002
Iraq's vice president Taha Yassin Ramadan has announced that his country will sign agreements to found free trade areas with three Arab states in the first half of this year.
Iraq-Regional, Economics, 1/21/2002

King Mohammed launches construction works of a dam in northern Morocco
Morocco's King Mohammed VI on Monday launched construction works of a dam to supply water to the northern town of Tetouan.
Morocco, Economics, 1/21/2002

Saudi- Brazil trade exchange
The Saudi minister of commerce Osama al-Faqih has discussed with the ruler of Saint Catherine state in Brazil Isperdyayo Ameen Helou Fellio means of boosting trade exchange between Saudi Arabia and Brazil.
Saudi Arabia-Brazil, Economics, 1/21/2002

GCC- EU meeting in February
The GCC- European cooperation committee which is composed of experts of experts from the Gulf Cooperation Council GCC and the European Union will hold a meeting by the beginning of February to discuss economic relations between the two sides.
Gulf-European Union, Economics, 1/21/2002

Ministerial Economic group reviews performance of national economy
The ministerial economic group also considered strengthening Egyptian economy in the coming stage in order to make optimum use of available potentials in the industrial and agricultural field in order to increase capacity, provide more job opportunities and push forward the wheel of economy in general.
Egypt, Economics, 1/21/2002

L.E 1.8 billion allocated to lend consumers
CBE agreed yesterday to allocate L.E 1.8 billion at an annual 4 percent interest rate to Egyptian banks that will offer this sum as loans to the public at an interest rate of no more than 6 per cent per annum to be used for buying Egyptian products.
Egypt, Economics, 1/21/2002

Construction of second lane of road surrounding Tetouan
Morocco's King Mohammed VI on Monday launched construction works of a second lane of the road ring in the northern city of Tetouan.
Morocco, Economics, 1/21/2002


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