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Iraq, UAE signed joint cooperation agreements
Iraq and the United Arab Emirates UAE on Thursday evening in conclusion of the meetings of the first session of the joint Iraqi- UAE committee on economic, trade and technical cooperation, an agreement to expand their bilateral cooperation especially in the fields of commerce, industry and health.
Iraq-United Arab Emirates, Economics, 5/25/2002
Iraq's trade minister arrives in Damascus
Syria-Iraq, Economics, 5/25/2002
Jordan and the Arab private investment agreement
Jordan-Regional, Economics, 5/25/2002
Egypt's debt burden jumps by 550 million dollars; economic efforts continue
Egypt, Economics, 5/25/2002
Moroccan, Senegalese businessmen probe commerce, industry partnership
Senegalese minister of commerce and SMEs, Aicha Agne Pouye, called the two countries' private sector to seek new realms for cooperation, which would be mutually fruitful. She gave the example of Air Senegal International, where Morocco's carrier RAM holds nearly half the capital, and whose results in one year exceeded all speculations.
Morocco-Senegal, Economics, 5/25/2002
Maher express Egypt's confidence in COMESA economic role
Mubarak expressed his confidence that the COMESA would be able to achieve economic development, thrash out peaceful solutions, bolster the mechanisms conducive to regional economic integration and activate march for a strong free trade area.
Egypt-Regional, Economics, 5/25/2002
Indian industrial delegation chief stresses increasing investments with Egypt
"Egypt has been one of India's important trade partners in the African continent," he said, adding the total volume of trade between the two countries last year hit $ 536.46 million against $ 385.61 million in 2000.
Egypt-India, Economics, 5/25/2002
Egyptian power company seeks investment opportunities
A technical and economic delegation from the Arab Fund for Economic and Social Development will arrive in Cairo this week for talks with Electricity and Energy Ministry officials on contributing to funding the building of a power station in El Nubaria whose feasibility study was finished.
Egypt, Economics, 5/25/2002
Japan loans Morocco $ 52 mln for electrification of 87,000 dwellings
The Japanese government loaned Morocco US$ 52 Mln for the financing of the third phase of the Global Rural Electrification Program (PERG), which will benefit some 440,000 inhabitants.
Morocco-Japan, Economics, 5/25/2002
Morocco's carrier posts over $ 636 mln in net profit
The Moroccan carrier, Royal Air Maroc, posted more that US$ 636 million in net profit in 2000-2001, the company said.
Morocco, Business, 5/25/2002
Syria to license bank accounts in hard currency
The Syrian official news agency SANA said that Syria on Thursday inclined towards facilitating trade by licensing bank accounts with foreign currencies and money transfers by hard currencies.
Syria, Economics, 5/24/2002
One billion dollars, the volume of trade between Syria, Turkey
The chairman of the chamber of industry in the Turkish province of Ghazi Intab Najat Kodjer has stated that Turkey's trade relations with each of Syria and Iraq are of great importance to the economic progress in the southern east Anadola area.
Syria-Turkey, Economics, 5/24/2002
Syria: reducing Kerosene price
Following noon prayers which preceded the celebration of "prophet Muhammad's birthday" celebrations at the Damascus al-Rawda palace, a crowd of Syrian citizens met with President Bashar al-Assad at the mosque, thanking him for the recent increase in wages and salaries of Syrian state employees.
Syria, Economics, 5/24/2002
The four- member gas meeting may be held in Amman
The Jordanian minister of energy Muhammad al-Batayneh said on Wednesday that ministers of oil and energy in Jordan, Syria, Egypt and Lebanon will meet shortly in Amman to discuss an agreement to erect a regional gas pipeline at a cost of $ 700 million.
Regional-Jordan, Economics, 5/24/2002
Egyptian tourism mission to visit Morocco in mid-Mune
An Egyptian tourism mission, made up of officials from the department of tourism and private operators, will be visiting Morocco in mid-June to foster bilateral cooperation in the travel industry.
Egypt-Morocco, Economics, 5/24/2002
Yemen cancels a natural gas project at $ five billion
Yemen on Thursday said it might abrogate a project for producing liquid natural gas at a value of $ 5 billion, that has been for long postponed, if "Total Elf ", the French energy giant company and other share holders will not implement this project by the fall of the mid of the next month June.
Yemen, Economics, 5/24/2002
U.S. business community shows growing interest in project Morocco-U.S.. free trade zone
The U.S. business community is showing a growing interest in the projected free trade zone between Morocco and the USA.
Morocco-USA, Economics, 5/24/2002
European bank does not increase Egyptian citizens' debt burden; lends directly to business, bears proper risk evaluation responsibility
The European Investment Bank (EIB) is making available on behalf of the European Union up to EURO 25 million (1) in the form of a risk capital (2) facility for financing private Egyptian undertakings engaged in modernisation for enhanced competitiveness. The funds will be channelled as equity capital through the following local financial intermediaries: Export Development Bank of Egypt, EFG-Hermes Private Equity, CIIC, Industrial Development Bank of Egypt, Egycap and Capexcorp.
Egypt-European Union, Economics, 5/23/2002
UAE ministry adopt e-government services
The ministry of Public Works and Housing will soon unveil its first project done electronically, inspired by Dubai e-government's initiatives, while at the same time gradually adopting electronic methods for archiving and housing-related applications.
United Arab Emirates, Economics, 5/23/2002
Morocco wants to modernize internal trade
Morocco's Premier, Abderrahmane Youssoufi said :The achievement of such objectives depends on the carrying on of the implementation of the liberalization policy of the commercial sector, while promoting financing mechanisms and easing administrative procedures related to investments and commerce
Morocco, Economics, 5/23/2002
Cabinet approves final shape of export law
After discussions with senior officials on public shares in joint stock companies, Ebeid decided that a database be established to promote the shares for the sake of boosting the companies' performance.
Egypt, Economics, 5/23/2002
Egypt, India to augment trade cooperation, investments
The delegation includes chief executives of giant Indian companies in the fields of automobile manufacturing, heavy machinery, pumping stations, furniture and Information Technology. The delegation's talks with Egyptian officials focused on building an automobile factory in Egypt and marketing its products in Arab and African markets.
Egypt-India, Economics, 5/23/2002
Arab colloquy on social-professional hardships facing women
An Arab colloquy will be held in Casablanca next June 24-26 to probe "social-professional hardships facing Arab women's in time of globalization."
Regional-Morocco, Business, 5/23/2002
Moroccan, Chinese businessmen meet in rabat
Morocco-China, Economics, 5/23/2002
Arab businesswomen hold conference in London
Regional, Economics, 5/23/2002
Arab investments club set up in Morocco
A club of Arab investments was set up Wednesday in Casablanca to serve as a frame of contact and cooperation between Moroccan and Arab investors.
Morocco-Regional, Economics, 5/23/2002
Morocco signs $ 20 mln investment contract with Saudi group
Morocco signed on Tuesday a US$ 20 million investment contract with Saudi Dahlan Group.
Morocco-Saudi Arabia, Economics, 5/23/2002
Sudan- Turkish cooperation
The Turkish minister of state Ramadan Meirza Oglo discussed during his meeting on Wednesday in Ankara with the Sudanese minister of transport Muhammad Hassan al-Bahi financial and technical issues relating to the establishment of a sugar factory in Sudan by Turkish factories. This factory is planned to produce 300,000 tons of process sugar annually.
Sudan-Turkey, Economics, 5/23/2002
Morocco - USA free trade agreement negotiations next fall
Morocco-US negotiations on the free trade draft agreement, announced during king Mohammed VI's visit to the United States last month, will start next fall, minister of economy, finance, privatization and tourism, Fathallah Oulaalou, said Tuesday.
Morocco-USA, Economics, 5/23/2002
Toshka agricultural work a success
Agricultural work in the Toshka mega project has proved a success, and produce uncontaminated by pesticides are due for export to European markets, Minister of, Irrigation and Water Resources, Mahmoud Abu Zeid announced yesterday.
Egypt, Economics, 5/23/2002
Riyadh denies importing Israeli goods
Saudi Arabia said on Wednesday it firmly implements a total embargo on the Israeli goods, and thereby denying a report saying that the Israeli exports to the kingdom has increased by three folds during the first quarter of the current year 2002 in comparison with the same period of 2001.
Saudi Arabia-Israel, Economics, 5/23/2002
UN agency launches emergency operation for 500,000 Palestinians needing food
Warning that thousands of Palestinians were no longer able to afford basic needs, the United Nations World Food Program (WFP) on Tuesday launched an emergency operation to help feed about half a million non-refugees living amid dramatically deteriorating conditions in the Palestinian Territories.
Palestine, Economics, 5/23/2002
Seventeen African Countries Confirm Participation in Casablanca's Africa-USA Ministerial Conference on Energy
Seventeen African countries have so far confirmed their participation in the third Africa-USA ministerial conference on energy, to be held in Casablanca next June 3-4 under the theme "energy partnerships for a sustainable development: supply security and regional integration."
Regional, Economics, 5/23/2002
Inter-Arab trade liberalisation obstacle course
Lack of Arab coordination and effective political policies will have been blamed for holding back the Arab Free Trade Zone program, to which only fourteen Arab states have signed up.
Regional, Economics, 5/22/2002
Morocco, Syria sign agreement on housing
The Moroccan official underscored the role of the private sector in strengthening cooperation relations among the Arab states, so as to face up the challenges of globalization.
Syria-Morocco, Economics, 5/22/2002
Morocco, Italy Sign Memorandum of Understanding on Tourism
Morocco-Italy, Economics, 5/22/2002
US wants a free-trade accord with Morocco
US ambassador to Morocco, Margaret Tutwiler told "L'Opinion" daily that the US-Morocco free-trade accord was welcomed by the Moroccan government, business circles and trade unions and that the US chief executive wishes the agreement will be sealed in a reasonable time.
Morocco-USA, Economics, 5/22/2002
Delegation of mediterranean enterprise unions confederation visits Brussels
Regional-European Union, Economics, 5/22/2002
Oil company okays electrification project by solar energy
Total Energy company has agreed to the electrification of 16,000 houses by solar kits in central Morocco.
Morocco, Economics, 5/22/2002
Egypt's debt burden to increase by $1.5 billion; economic modernization cited
The Egyptian government has reached an agreement with the World Bank and the African Bank for Development to get loans from both banks worth $ 1.5 billion.
Egypt, Economics, 5/22/2002
Meeting probes boosting developing countries' negotiating stance with WT
A two-day meeting in Cairo discussed means to augment the negotiating stance of the developing countries in the next World Trade Organization (WTO) round of talks.
Egypt, Economics, 5/22/2002
Key economic legislations: cornerstone of Egypt's reform drive
developing tax administration and expanding the base of the taxation community.
Egypt, Economics, 5/21/2002
Egypt's banks forced to achieve world standards in operation and service
Governor of the Central Bank of Egypt (CBE) Mahmoud Abul Oyoun announced yesterday that the government is studying new measures to encourage banks merger to keep pace with the world changes in this regard. He added that the minimum capital rate will be raised from eight percent to 10 percent as of December 31, 2002.
Egypt, Economics, 5/21/2002
Program to raise industry's share of development to 20 percent
Egyptian Minister of Industry and Technological Development, Ali Al-Saeedi said both the national and European programs for upgrading the Egyptian industry aim at increasing the industry's share in the development process to 20 percent. This besides encouraging industrial and exporting activities, developing the weaving, iron and steel as well as small industries.
Egypt, Economics, 5/21/2002
Shura Council approves exclusive economic zones bill
The bill provides for the establishment of economic zones outside the urban scope of villages and cities.
Egypt, Economics, 5/21/2002
Egypt, EU sign memo of understanding on upgrading customs, exports
Egypt and European Union Commission in Cairo initialed yesterday a memo of understanding on upgrading the performance of customs and exports.
Egypt-European Union, Economics, 5/21/2002
Balance of payments deficit falls back by 51 percent
In light of the very negative consequences of the US September 11 attacks on the Egyptian economy, latest figures of the first half of the fiscal year 2001/2002 showed a cut down of the country's tourism receipts by 23 percent, while the Egyptian tourism receipts abroad increased by 15 percent and readymade fabric imports increased by nine million dollars over exports.
Egypt, Economics, 5/21/2002
Fresh impetus to Egyptian-British economic cooperation
The British delegation comprised representatives of 16 major companies operating in the fields of electronics, financial consultancy, insurance, marketing, navigational equipment, petrochemicals and other economic and industrial activities.
Egypt-UK, Economics, 5/21/2002
Morocco takes part in ACSAD general assembly
Morocco is taking part in the general Assembly of the Arab Center for Studies of Arid Zones and Dry Lands (ACSAD), stemming from the Arab League, held this May 18-20 in Syria.
Morocco-Regional, Economics, 5/21/2002
Sharon agrees to buy the Palestinian gas
The British news bulletin specialized in energy affairs ( International Oil daily) said on Monday that the chairman of the Israeli government Ariel Sharon " has initially agreed to buy gas from Gaza" after negotiations were stopped between Israel and Egypt to provide the occupied territories wit gas.
Palestine-Israel, Economics, 5/21/2002
Egypt's government debt to rise by $ one billion
Chief of the World Bank mission in Cairo Mahmoud Ayoub said yesterday that Egypt within the coming months will get $ one billion from the World Bank and the Africa Bank for Development. "This sum is a portion of the previously agreed upon aid decided by the Sharm El-Sheikh Donors Conference," Ayoub said.
Egypt, Economics, 5/21/2002
Morocco takes part in Quebec eco-tourism world summit
Morocco, Economics, 5/21/2002
Egypt's banks and stock markets to efficiently collect and direct all citizens savings into investment and new companies
Egyptian banks must develop their services using the latest techniques and make use of foreign expertise to upgrade staff performance, Ebeid has said. This will enhance the competitiveness of banks and boost national savings for comprehensive development in Egypt, he explained. Ebeid told the gathering that the government's is eager to support the nation's financial institutions and their essential role in the country's progress. Mastering savings and directing them towards investment is the role of the banking sector, he added.
Egypt, Economics, 5/20/2002
Regular monthly meetings; Egypt and Libya get serious about economic development and trade
Egyptian Prime Minister Atef Ebeid said an agreement was reached during the eighth session of the joint higher Egyptian - Libyan committee on holding regular monthly meetings between the Egyptian and Libyan Ministers on ways of implementing the agreements reached during the meetings of the higher committee.
Egypt-Libya, Economics, 5/20/2002
Mubarak reviews the agreement between Egypt and Libya for increasing trade, and investment
President Mubarak called for focussing future plans by Egypt and Libya on the agreements concluded as this will help deepen confidence.
Egypt-Libya, Economics, 5/20/2002
Debate and expert testimony before parliament end with new money laundering bill
Here are some of the views expressed by the People's Assembly members during the debate:
Egypt, Economics, 5/20/2002
Suez power station raises its own funds to increase capacity
It was decided to increase the capacity of Suez power generation station from 185 to 459 thousand kilowatt with investments of dlrs 120 million provided through loans, grants and self-funding by Misr Electricity Company.
Egypt, Economics, 5/20/2002
First Arab company for Information Technology security
Jweili explained that this company aims at protecting special trade information of Arab banks and companies so as not to be infiltrated, noting that also within the authority of this company is how to decipher economic information relations to modern technology
Regional, Economics, 5/20/2002
Syria: some 5000 navigators threatened to be unemployed
The Syrian private al-Iqtisadeyah paper said that some 5000 Syrian navigators might become unemployed by the beginning of June if the Syrian authorities will not move quickly enough to avoid that.
Syria, Economics, 5/20/2002
Saudi Arabia- Iran cooperation booming
The Saudi minister of social affairs and Labor Ali al-Nimlah discussed with his Iranian peer Sayed Safdar Husseini prospects of cooperation and coordination in the field of labor, social affairs, technical education and social insurance.
Saudi Arabia-Iran, Economics, 5/20/2002
Damascus hosts ACSAD's General Assembly's 26th session
The 26th session of the General Assembly of the Arab Center for the Study of Arid Zones and Dry Areas( ACSAD) was opened in Damascus on May 18 through 20, under the patronage of the Prime Minister Muhammad Mustafa Miro.
Syria, Economics, 5/20/2002
Inter- regional workshop on occupational safety and health in agriculture
The Inter- regional Workshop on Occupational safety and Health in Agriculture was held on May 13- 16, 2002 in Damascus in collaboration with the international Labor organization, and the ministry of social affairs and labor, Syria and the Arab Labor Organization
Regional-Syria, Economics, 5/20/2002
Some Arab businessmen deal with an Israeli company
The Jordanian weekly al-Itijah ( the direction ) unveiled cooperation between Arab businessmen and sea naval companies from Jordan, Egypt and the United Arab Emirates with the Israeli company "Zem" for Sea transport after Arab people's pressures had succeeded from obstructing dealing with this company through forcing owners of transport companies from loading the company's containers which carry "Hebrew language" writings and the abstention of Egyptian workers at Port Saeed port from unloading ships belonging to the said Israeli company.
Regional-Israel, Economics, 5/20/2002
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