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Morocco convinced of legality of oil drilling contracts in southern provinces, Benkhadra
Morocco is convinced of the legality of the contracts signed with its partners in matters of oil drilling in the southern provinces, said Thursday Ms. Amina Benkhadra, head of the Moroccan Oil Drilling and Exploitation Office (ONAREP).
Morocco, Economics, 2/9/2002
First Syria production exhibition opened in Baghdad
Activities of the first Syrian productions exhibition will start tomorrow at the ground of the Baghdad International Fair and will continue until February 18 under the slogan "Directly, from the producer to the consumer."
Iraq-Syria, Economics, 2/9/2002
Saudi companies in the exhibition for rebuilding Iraq
It was announced in Baghdad that more than 30 Saudi companies showed readiness to take part in the exhibition to rebuild Iraq and "Iraq's 2002 project" which will be held at the ground of the Iraqi International Fair in March, by the International Limited Group for works and the International company for Fairs.
Iraq-Saudi Arabia, Economics, 2/9/2002
Cypriot trade delegation in Damascus Sunday
The Cypriot minister of commerce, industry and tourism will visit Syria on February 10 to 13, at the invitation of the Syrian ministry of oil and mineral resources.
Syria-Cyprus, Economics, 2/9/2002
Government earnings in the Sultanate rose by 12,7%
"Government earnings in the Sultanate rose by 12,7% during the first eleven months of last year to RO. 2264,5 million against RO. 2009,9 million during the corresponding period in 2000," ONA reported today.
Oman, Economics, 2/9/2002
Mubarak follows up final touches on gas agreement with France
Egyptian President Hosni Mubarak Thursday met with Gas de France chairman Pierre Gadonnex to put the final touches on an agreement to be signed by the Egyptian General Petroleum Corporation (EGPC) with the French company.
Egypt-France, Economics, 2/9/2002
Agriculture, Key to Africa's Development, Morocco Says
A developed and efficient agriculture is key to pulling Africa out of under-development, said Aziz Mekouar, Moroccan ambassador in Rome and independent President of the Council of the United Nations Food and Agriculture Organization (FAO).
Regional, Economics, 2/9/2002
France converts part of the Jordanian debts into investments
The Jordanian News agency Petra announced that France and Jordan signed in Paris on Thursday an agreement on transferring part of the Jordanian debt at a value of USD 33 million into investments.
Jordan-France, Economics, 2/8/2002
Syrian- Qatari company for tourism investment
A memorandum of understanding was signed on Thursday at the premises of the Damascus governorate provided for the foundations of the Syrian- Qatari company for tourism investment at a capital of USD 140 million.
Syria-Qatar, Economics, 2/8/2002
Moroccan-Algerian economic, social cooperation probed
Moroccan-Algerian cooperation in economic and social realms was probed at a meeting in Rabat Thursday between Moroccan minister of social economy, SME and handicraft, Ahmed Lahlimi, and Algerian minister of reforms coordination, Noureddine Boukrouh.
Morocco-Algeria, Economics, 2/8/2002
Morocco hosts conference on energy in Sahel-Sahara countries
The Prime Minister said the energy sector contribution to the economy of the regional African group will increase thanks to the promising oil and gas prospects in some countries of the region
Regional-Morocco, Economics, 2/8/2002
Saudi Arabia: A fire at Raas al-Tanoura refinery
An official at the Saudi "Aramco" company said that three persons were slightly wounded in the fire erupted on Thursday in a refinery at Raas al-Tanoura oil port on the Gulf to the northern East of Saudi Arabia.
Saudi Arabia, Economics, 2/8/2002
US Tiffany & Co. opens franchise in Casablanca
US Luxury Jewels stores, Tiffany & Co., has opened a US$ 2-million franchise in Casablanca.
Morocco-USA, Business, 2/8/2002
Investment and better trade terms needed to fight hunger in Africa, FAO
Diouf said Africa was the only region where food supply per capita has fallen for the last four years. About 200 million Africans are affected by malnutrition.
Regional, Economics, 2/8/2002
Moroccan, Chinese businessmen sign mou
Morocco's King Mohammed VI chaired Thursday evening in Shanghai the signing ceremony of a memorandum of understanding between Moroccan and Chinese businessmen.
Morocco-China, Economics, 2/7/2002
Kuwait: A fire at al Shueiba oil refinery in Kuwait
A Kuwaiti official said that a break took place in one of the refinery's pressing equipment and a small fire caused the closure of the hydrogen unit of a capacity of 36,000 barrels of oil per day in al-Shueiba oil refinery.
Kuwait, Economics, 2/7/2002
Jordanian- German cooperation agreement
Jordan-Germany, Economics, 2/7/2002
Some 23,000 minor girls work as housemaids in Casablanca region
Some 23,000 young girls are working as housemaids in the region of Casablanca, according to findings of a survey conducted by the ministry of economic forecasts and planning, the UNICEF and the FNUAP.
Morocco, Economics, 2/7/2002
Libya, Denmark to found economic forum
This agreement states to found a Libyan- Danish economic forum including businessmen and experts in the economic, trade, industrial, services, tourism and financial areas.
Libya-Denmark, Economics, 2/7/2002
Bahrain- US merged gas company
The Bahraini national gas company and the US Global Liquid Ink companies have announced the foundations of a joint company for investment in the area of natural gas.
Bahrain-USA, Business, 2/7/2002
Donor countries wrap up meeting with pledge of $10.3 bln to Egypt
Egypt wrapped up a two-day donors' meeting yesterday saying donors had pledged $10.3 billion over the next three years, with about $2.1 billion for quick disbursement this year.
Egypt, Economics, 2/7/2002
Development plan broad outlines for comming loan
At the World Bank's Consultative Group meeting, due to be held in Sharm El- Sheikh, the government will present donors with its development plan for the coming period. What are the plan's broad outlines
Egypt, Economics, 2/7/2002
Egypt urges for int'l efforts to spare humanity fatal diseases
The advanced nations failed to live up to the UN recommendations, floated 30 years ago, to earmark 0.07 percent of GDP for official assistance to the developing countries, said Abul Gheit, noting that only five countries abided by the proposal.
Regional, Economics, 2/7/2002
British businessmen visit Morocco
A British business mission will visit Morocco end of February to explore partnership prospects with Moroccan operators. The delegation will include representatives of 32 firms operating in various sectors.
Morocco-UK, Economics, 2/7/2002
Saudi- Iranian joint economic committee starts deliberations
Saudi Arabia-Iran, Economics, 2/6/2002
Morocco's industrial federation deplores stagnating enterprise environment
Morocco, Economics, 2/6/2002
Stability in Egypt is enough for attracting more capitals
Egyptian President Mubarak urged Palestinian and Israeli sides to launch dialogue, understanding and to start immediately in carrying out the agreements they signed before.
Egypt, Economics, 2/6/2002
Twinning act between ports of Casablanca, Dubai signed
The Moroccan port of Casablanca and the Port of Dubai, United Arab Emirates, have been twinned under an act signed in Abu Dhabi Tuesday.
United Arab Emirates-Morocco, Economics, 2/6/2002
Israeli, Palestinian businessmen meet at World Economic Forum
Israeli and Palestinian businessmen taking part at the World Economic Forum in New York said they have decided to convene periodical meetings and giving a push forward to bilateral co-operation.
Palestine-Israel, Economics, 2/6/2002
Morocco boasts largest oil refining project in Africa and Europe
General manager of oil-refining company (SAMIR) said his company has carried out the largest oil-refining project in Africa and Europe.
Morocco, Business, 2/6/2002
Moroccan business mission visits Turkey
Morocco-Turkey, Economics, 2/6/2002
Emirates carrier to service Casablanca
The United Arab Emirates' carrier "Emirates" will service five new bounds including Casablanca.
United Arab Emirates-Morocco, Business, 2/6/2002
American and British representatives suspend Iraqi contracts
Iraq, Economics, 2/5/2002
Syrian industry minister arrives in Baghdad
The Syrian minister of industry Issam al-Zaem arrived in Baghdad on Monday heading a high ranking Syrian industrial delegation to hold talks on industrial cooperation between the two states.
Iraq-Syria, Economics, 2/5/2002
Iran-Saudi Arabia fourth joint economic commission
Visiting Saudi Minister of Commerce Usama Ibn Jaffar Ibn Ibrahim Faqih and his Iranian counterpart Mohammad Shariatmadari in Tehran Tuesday opened the fourth meeting of the Iran-Saudi Arabia Joint Economic Commission, IRNA said.
Saudi Arabia-Iran, Economics, 2/5/2002
Cooperation between Morocco and Abu Dhabi development fund probed
Cooperation between Morocco and the Abu Dhabi development fund was probed at a meeting in ABu Dhabi Monday between visiting minister of equipment, Bouamour Taghouane, and the Fund Director General, Said Khalfan Matar Ermiti.
United Arab Emirates-Morocco, Economics, 2/5/2002
Telecom sector expected to post us$ 4.3 mln sales in 2005
Sales of the Moroccan telecom sector is scheduled to increase from 20 billion Dirhams (US$ 1.7 bln) presently to 50 billion DH (US$ 4.3 bln) in 2005, said state secretary for post and information technologies, Nasr Hajji.
Morocco, Economics, 2/5/2002
Egyptian economy sound, despite looming recession
The rate of growth fell from 6 per cent in 1999 to 5.7 percent in 2000, and this indicates the beginning of recession, he said, adding, however, "this does not represent a sharp slump or crisis".
Egypt, Economics, 2/5/2002
Mubarak lays foundation stone of grand Egyptian museum
Egyptian President Mubarak Monday laid the foundation stone the Grand Egyptian Museum at the beginning of the Fayoum desert road, some three kilometers from the Pyramids.
Egypt, Economics, 2/5/2002
Positive signs of response to Egypt's demands of $ 2.5 billion
There are positive signs that countries and financial institutions participating in the conference will give Egypt $ 2.5 billion to fill the gap in its balance of payment, an Egyptian official has said.
Egypt, Economics, 2/5/2002
Morocco asks IDB to finance study on off-shore zone in northern Moroccan province
Morocco has requested the Islamic Development Bank (IDB) to finance a technical study on the project to set up an off-shore zone in the Moroccan Mediterranean province of Nador.
Morocco, Economics, 2/5/2002
European Trade Commissioner Pascal Lamy will visit three Mashriq countries
Regional-European Union, Economics, 2/4/2002
Al-Assad confers with EIB delegation
Syrian President Bashar al-Assad on Sunday at the Damascus al-Shaab palace received the director general of loans operation at the European Investment Bank and the chairman of the EIB's Middle East department Mrs. Jane Mackferson.
Syria-European Union, Economics, 2/4/2002
EIB loan for health project in Syria at 100 million EUR
In a press conference he held on Sunday evening at the Damascus Sheraton Hotel attended by local and foreign pressmen in Damascus the EIB, currently visiting Damascus said that the EIB will be financing the first health project in Syria at a cost of EUR 100 million.
Syria-European Union, Economics, 2/4/2002
Kuwaiti, Indonesian labor cooperation discussed
Kuwait-Indonesia, Economics, 2/4/2002
EUR 1.5 billion, 2001- A record year for EIB lending in Mediterranean partner countries
In 2001, European Investment bank (EIB) lending in the Mediterranean Partner Countries rose to a record figure of EUR 1.5 billion, confirming the European Union financing institution as a major player in the economic development and stability of the region.
Regional-European Union, Economics, 2/4/2002
Egyptian delegation in Ethiopia to discuss the use of Nile waters
An Egyptian parliamentary delegation composed on seven members of parliament is currently visiting Ethiopia's capital, Addis Ababa to discuss issues relating to the implementation of cooperation projects on the use of the Nile waters with the Ethiopian authorities.
Egypt-Ethiopia, Economics, 2/4/2002
Upgrade of Port Zayed Authority information infrastructure
This project is regarded as one of the most outstanding international projects in seaport automation, said Mubarak Mohammed Abu-Alainain, the Under-secretary of Operational Affairs and Chairman of the committee
United Arab Emirates, Economics, 2/4/2002
Moroccan-Chinese trade ties weak but increasing
Moroccan-Chinese trade exchanges are still weak, totaling 3.21 billion Dirhams, nearly US$ 279.13 million in 2000.
Morocco-China, Economics, 2/4/2002
Positive capital market activation program
Chairman of Capital Market Authority (CMA) Abdul Hamid Ibrahim described the government's program for activating capital market as positive and realistic. He stressed that the result of this program would be felt soon, adding that the stock exchange has spared L.E. 50 billion over three years.
Egypt, Economics, 2/4/2002
Cairo, chosen to be a regional centre for G&D
Geiski and Derivant, the pioneering company in the field of smart cards, has chosen Egypt to be a regional centre for its activities, after inaugurating its office for the Middle East and North Africa in Cairo.
Egypt, Business, 2/4/2002
Installed capacity of Siemens powered electricity plants in Gulf region estimated at 30,000 megawatts
The German giant Siemens' Energy group has made significant inroads into the power generation, transmission and distribution sector of the Gulf region and is today the leading player in the regional power industry.
Gulf, Business, 2/4/2002
Consensus on Egypt's proposals at international gas exporting countries forum
The international gas exporting countries forum, currently in session in Algiers, saw an international consensus on the proposals tabled by Egypt on drawing up a new system to market natural gas and probe new means for contracting between producers and consumers guaranteeing stability in the world gas market.
Egypt, Economics, 2/4/2002
FAO warns of worsening water scarcity in mediterranean
Competition for scarce water resources will increase in the Mediterranean basin in the coming decades and will seriously aggravate the existing shortage of water.
Regional, Economics, 2/4/2002
Casablanca hosts forum on investment in north Africa
Regional-Morocco, Economics, 2/4/2002
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