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Weekly Edition, Economics  -  Week of May 13, 2002
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Morocco: Arab financial markets cooperation to exploit local resources for investment
Speaking at the first international forum for finance and business held in Abu Dhabi in the presence of 500 economic operators, Lahlimi said such cooperation would help draw utmost benefit from existing resources in the Arab states and orient them towards productive projects.
Regional-Morocco, Economics, 5/18/2002

Mubarak to review the results of the Egyptian-Libyan committee meetings
President Mubarak will give directives to the joint higher committee to eliminate all obstacles hindering cooperation at the commercial and investment levels and ways of carrying out what was agreed upon
Egypt-Libya, Economics, 5/18/2002

New strategy to develop Egyptian exports
Egyptian SMinister of Foreign Trade Youssef Boutros Ghali said a new strategy to develop the Egyptian exports will be announced soon to remove obstacles impeding the increase of its volume.
Egypt, Economics, 5/18/2002

Egypt, Ukraine to build a joint satellite
The Egyptian deputy foreign minister Muhammad Shaaban has stressed that Egypt and Ukraine agreed to install a joint satellite in order to search for mineral resources.
Egypt-Ukraine, Economics, 5/18/2002

US ambassador: free-trade zone with Morocco, result of long bilateral friendship
The creation of a Morocco-US free trade zone (FTZ) will crown a longstanding friendship and solid political ties between the two nations, says US ambassador to Morocco, Margaret Tutwiler.
Morocco-USA, Economics, 5/18/2002

Egyptian-US trade exchange up by 15% in January, February
Trade exchange between Egypt and the United States rose last January and February to $ 692.72 million vis-a-vis $ 597.45 million during the same period last year with an increase of 15.95 percent.
Egypt-USA, Economics, 5/18/2002

Invitated by Miro, Sudan's vice president arrives in Damascus tomorrow
At the invitation of the Syrian prime minister Muhammad Mustafa Miro, Sudan's vice President Ali Othman Muhammad Taha will arrived in Damascus tomorrow in a visit to Syria during which he will preside over the Sudanese side to the meetings of the joint Sudanese - Syrian higher committee which will be held in Damascus.
Syria-Sudan, Economics, 5/17/2002

Arab industrial strategy and action plan; total budget is 7 million
The session looked into a project to set up an Arab fund to support and promote industrial technologies and back research centers
Regional, Economics, 5/17/2002

Technological cooperation talks with France
"Joint industrial, electronic and developmental projects will be established with our Egyptian counterparts and French firms will contribute to upgrading local industry and transfer agricultural expertise to support the performance of agricultural research centres," said Boya.
Egypt-France, Economics, 5/17/2002

Bangladeshi trade minister to visit Morocco
Morocco-Bangladesh, Economics, 5/17/2002

Cabinet reviews Middle East peace, economic performance
The Egyptian Cabinet Under Prime Minister Atef Ebeid resumes discussions on strategy of export during the coming period, new programs to increase exports, and opening new markets for Egyptian exports.
Egypt, Economics, 5/17/2002

US-Egypt free trade zone soon
The agreement on a free trade zone between Egypt and USA is due on 7 June, when US trade representative, Robert Zolick will be visiting Cairo.
Egypt-USA, Economics, 5/17/2002

Egyptian-British talks to boost economic and banking cooperation
The Egyptian-British talks dealt with means to promote cooperation between Egypt and Alexandria in the various economic, trade and service domains.
Egypt-UK, Economics, 5/17/2002

UN agencies cost estimates of Israel's recent destruction of Palestinian property
Recent Israeli military attacks on the West Bank have caused $361 million in damages, according to new figures released today by the United Nations Development Program (UNDP), the World Bank and the Government of Norway.
Palestine, Economics, 5/17/2002

French agronomic engineers visit Morocco
A French delegation made up of fifty agronomy engineers, started Wednesday a ten-day visit to Morocco, for talks with Moroccans officials and on-site visits.
Morocco-France, Economics, 5/17/2002

Morocco want more financial and technical cooperation with Canada
Nasr Hajji briefed the minister on E-Marocco strategy which features five priority actions: education and training, online administration program development, information technologies for enterprises, generalize information technologies use, especially the Internet, and the set up of a legal framework for the promotion and regulation of e-commerce.
Morocco-Canada, Economics, 5/17/2002

British IT expert: Information and Communications Technology will add
substantially to Syria, enriching the lives of all Syrians

He added that the analysis made during these visits identified many strengths in Syria such as willingness to change, good IT expertise and a relatively low wage economy. There were also serious weaknesses, which are certainly not unique to Syria, that needed addressing such as the poor legal, communication and financial infrastructure and government attitude to IT. The achievable vision proposed is that IT will add substantial value to the whole economy, enriching the lives of all Syrians.
Syria, Economics, 5/16/2002

Egyptian- Sudanese economic integration
Sudanese minister of energy and mining Awad al-Jaz expressed his hope that the summit currently held between Egypt's President Hosni Mubarak and the Sudanese President Omar al-Bashir will be a strong impetus for the bilateral and integrated relations between Egypt and Sudan who have been linked to one common history.
Sudan-Egypt, Economics, 5/16/2002

Egypt, Libya accords in tourism, trade, petroleum, Da'wa
The Ambassador added that the Committee will probe extending Libyan oil and gas pipelines to the Egyptian refineries besides the possibility of setting up electrical projects by Egyptian specialized companies.
Egypt-Libya, Economics, 5/16/2002

Dubai seminar on financing problems in global economy
United Arab Emirates-Regional, Economics, 5/16/2002

A mechanism to develop inter- Arab trade discussed
The secretary general of the council Ahmad Jweili said in statements following the deliberations of the meeting that this mechanism aims at reactivating the role played by commissions involved with inter-Arab economic development in general and in particular interested with trade activity, in order to reactivate inter- Arab trade and increase the volume of Arab exports to the international markets in a balanced and integrated way with the Arab efforts to liberalize inter- Arab trade.
Regional, Economics, 5/16/2002

Chinese business mission to visit Morocco may 19-24
Morocco-China, Economics, 5/16/2002

Morocco, Emirates study joint investment projects
Means to carry out joint investment projects between Morocco and the United Arab Emirates (UAE) topped talks held Wednesday in Dubai by Moroccan minister of social economy, small and medium firms and handicraft, Ahmed Lahlimi, and Sheik Hamdane Bin Rached Al Maktoum, UAE minister of industry.
United Arab Emirates-Morocco, Economics, 5/16/2002

Kuwait for oil cooperation with Russia
The Kuwaiti minister of oil and information Sheikh Ahmad al-Fahd has called for continued cooperation between Russia and OPEC.
Kuwait-Russia, Economics, 5/16/2002

Ebeid discusses cooperation with two French provinces
Ebeid received at his office on Tuesday the head of the Economic and Development Institute in France and his accompanying delegation currently visiting Egypt.
Egypt-France, Economics, 5/16/2002

Ebied reviews Tourism Ministry investment
Egyptian Prime Minister Atef Ebeid Tuesday discussed with members of the People's Assembly and Shura Council who represent Beni Suef, Upper Egypt, governorate rates of execution of development and services projects in the governorate.
Egypt, Economics, 5/16/2002

Quebec wants to enhance exchanges with Morocco
Quebec vice-prime minister, who is also state minister of economy and finance, Pauline Marois, currently visiting Morocco, said Tuesday her country "wants to enhance economic and commercial exchanges with Morocco," to bring them up to the confidence and friendship ties binding Morocco and the Canadian French-speaking province of Quebec.
Morocco-Canada, Economics, 5/16/2002

Kuwait loans Morocco $36.4 mln for dam construction
Morocco and the Kuwaiti Fund for Economic Development will sign in Rabat next Monday an agreement on a $36.45 Mln loan to finance the Arrouz dam, near the northern city of Tetuan.
Morocco-Kuwait, Economics, 5/16/2002

Casablanca hosts third Africa-USA ministerial conference on energy
The third Africa-USA ministerial conference on energy will be organized in Casablanca next June 3-4 under the main theme "energy partnerships for a sustainable development: supplies security and regional integration."
Morocco-Regional, Economics, 5/16/2002

Unifying procedures only partial solution to woes
government's action is always a necessity but insufficient condition for the promotion of exports. Laws that are sought by the business community, labor and consumer advocates should be implemented as a first step. With each of these groups promoting and following up on its own interests through lobbying and awareness campaigns, supported by an active press that will bring these issues to light to keep the government, business, the workers and consumers as honest and active participants in the promotion of their individual interests, and that will help produce a good government and a good economy that can produce exportable products and will also be able to take advantage of export opportunities provided by the public and private sector efforts.
Egypt, Economics, 5/15/2002

Maroc telecom sells 20% of its share in Mauritel
Moroccan phone operator Group, Maroc Telecom, sold 20% of its share in Mauritania's Mauritel to Mauritanian Abdallahi Ould Noueigued (AON) private group, the weekly "Le Calame" said this week.
Morocco-Mauritania, Economics, 5/15/2002

International seminar on irradiation in Morocco
The Moroccan center of energy, nuclear techniques and sciences (CNESTEN), which is organizing the conference with the Kenitra university, says it will promote Moroccan industrialists' awareness on economic advantages of irradiation technology, encourage research and consolidate exchanges between academics and industrialists.
Regional-Morocco, Economics, 5/15/2002

Customs, OCP, BMCE Bank, GNS Sign E-payment Convention
The convention aims to reduce and ease administrative procedures, and adapt customs clearing to the requirements of the new economy, ADII director general, Abderrazak El Mossadeq, said.
Morocco, Economics, 5/15/2002

German fund offers 200,000 euro to potential investors in Morocco
A German fund specializing in development issues (DEG) is offering 200,000 Euros to European enterprises wishing to invest in Morocco's development projects, said Hans-Joachim Blattner, an official from the institution.
Morocco-Germany, Economics, 5/15/2002

Quebec vice-prime minister arrives in Morocco
"We have interesting expertise to offer in the field of services and quality," she said, calling enterprises to set up partnership.
Morocco-Canada, Economics, 5/15/2002

Moroccan handicraft and tourism festival kicks off in Marseille
The Moroccan nine-day handicraft and tourism festival in the French southern city of Marseille kicked off Monday.
Morocco-France, Economics, 5/15/2002

Morocco-U.S. free trade zone, a promising project
Bradmeyer said the Bush Administration is aware of the importance of consolidating economic ties with its strategic allies
Morocco-USA, Economics, 5/15/2002

Enterprises' Association deplores government's failure to take any initiative for tariffs dismantling
The association complains that the government has failed to take measures identified in joint studies between the enterprises and the administration, and in proposals put forward to the prime minister's department.
Morocco, Economics, 5/15/2002

Al-Assad issues decrees to increase state employees salaries; maternity leave amended
Syria, Economics, 5/14/2002

Free trade area between Iraq, Saudi Arabia
The Iraqi minister of industry and melting Maysar Raja Fallah has unveiled a move and an agreement to found a free trade zone between his country and Saudi Arabia in order to promote trade exchange between the two states.
Iraq-Saudi Arabia, Economics, 5/14/2002

Benzene prices may increase at 51% in Syria
Syria's President Bashar al-Assad on Monday issued three among five legislative decrees which will strongly contribute to improve the monthly income of the Syrian state employees or the retired people.
Syria, Economics, 5/14/2002

Iraq decides to establish a free trade area in Baghdad
Iraq has decided to establish the first typical free trade area in Baghdad in the framework of its efforts to benefit from Arab and foreign investments and in order to develop trade dealings with other countries.
Iraq, Economics, 5/14/2002

Egyptian premier meets Qatari minister
Fahmi said that the meeting dealt with means of local components of energy projects instead of importing them and joint cooperation in oil and gas projects.
Egypt-Qatar, Economics, 5/14/2002

Quebec economic mission visits Morocco
A Quebec economic mission, led by vice-prime minister and state minister of economy and finance, Ms. Pauline Marois, is visiting Morocco May 13-16.
Morocco-Canada, Economics, 5/14/2002

Fahmi meets Chinese oil delegation three joint companies to be set up
Fahmi and the delegation, comprising a number of Chinese oil companies chairmen, company discussed the possibility of setting up a Chinese-Egyptian prospection company to work in Egypt, China and neighboring countries.
Egypt-China, Economics, 5/14/2002

Contacts underway to finalize forming US-Egyptian President's Council
Contacts are going on between the Egyptian Foreign Trade Ministry and the US Department of Commerce to finalize the new make-up of the Egyptian-American President's Council, according to economic sources on Monday.
Egypt-USA, Economics, 5/14/2002

Morocco launches cultural circuits tourism
The Oukaimden's rock paintings site contains over 1,000 paintings representing weapons and animals some of which date back to 1,500 BC.
Morocco, Economics, 5/14/2002

Africans trained on textile industry in Casablanca
The training aims to foster the Arab-African cooperation ties, especially in the industrial field, the Arab Fund said in a release.
Morocco-Regional, Economics, 5/14/2002

Japan backs water supply project in Moroccan region
The Japanese government gave Monday the rural commune of Sekoura (Ouarzazate region) an assortment of furniture worth some US$3.3 million, to back a water supply project.
Morocco-Japan, Economics, 5/14/2002

Great turnout for Syrian products exhibition in Algiers
Algeria-Syria, Economics, 5/13/2002

Iraq, Syria expresses willingness to strengthen cooperation
Syria-Iraq, Economics, 5/13/2002

Syrian - Jordanian talks on strengthening economic relations
The Syrian prime minister underlined the importance of inter- Arab economic integration, expanding inter- Arab trade and the role played by banks, businessmen and investors in expanding prospects of such cooperation. He noted the facilities and measures provided in Syria to encourage investment and attract investors in all fields, including the banking aspect.
Syria-Jordan, Economics, 5/13/2002

Morocco economic delegation on prospecting mission in Libya
A Moroccan business delegation started on Friday a visit to Libya to prospect partnership and cooperation opportunities with Libyan enterprises.
Libya-Morocco, Economics, 5/13/2002

Moroccan economic mission to Syria and Jordan
A Moroccan economic delegation will be travelling to Syria and Jordan next June 22-28 in a bid to diversify outlets of Moroccans products and services and develop Morocco's trade relations with Arab countries.
Morocco-Regional, Economics, 5/13/2002

New German program to increase trade, investments with Egypt
The German-Arab Chamber of Industry and Commerce has started implementing a program to boost marketing in Egypt with the aim of increasing the volume of trade between Egypt and German investments in Egypt.
Egypt-Germany, Economics, 5/13/2002

Ebeid receives Italian investors
A Cabinet official source said Ebeid commended the encouraging and safe investment climate in Egypt, adding that Egyptian-European partnership relations depend on the mutual trade interests.
Egypt-Italy, Economics, 5/13/2002

EU to contribute to industry modernization program
The European Union will extend to Egypt a loan of 250 million euros (about one billion pounds) to help implement a 4 year plan to develop and modernize Egyptian industry.
Egypt, Economics, 5/13/2002

British business delegation visits Israel
Israel-UK, Economics, 5/13/2002

UN food agency seeks funds to aid Mauritania drought and torrential rain victims
The United Nations World Food Program (WFP) has issued an urgent appeal for funds to help feed 250,000 Mauritanians who are threatened by serious food shortages as a result of drought and recent torrential rains.
Mauritania, Economics, 5/13/2002

Morocco Day in Bordeaux International Fair
Speaking at the ceremony, a Moroccan diplomat stressed the importance of the commercial ties between Morocco and the Aquitaine region, which is its 15th client and 17th provider.
Morocco-France, Economics, 5/13/2002


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