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Morocco, Tunisia want to increase trade
Morocco and Tunisia on Wednesday voiced their will to increase their trade exchanges to US$ 500 million annually.
Morocco-Tunisia, Economics, 6/14/2002
Morocco, Iraq set up business council
Moroccan Secretary of state for foreign trade, Abdelkrim Ben Atiq, who attended the council setting up ceremony underlined the need for a legal framework to regulate trade and industrial investments between the two states' private operators and called businessmen to explore new partnership opportunities other than the traditional trade exchanges, to encompass the sectors of services, new technologies and all industrial branches.
Morocco-Iraq, Economics, 6/14/2002
Saudi crown prince meets with chairpersons of Axon, Shell
Oil sources said on Thursday that the Saudi crown prince Abdullah Bin Abdul Aziz will on June 23 hold a meeting with the two heads of Axon and Shell companies in an initiative to open the Saudi gas sector. A matter which raises hope of having a detente in the stumbled talked between the two sides concerning trade conditions.
Saudi Arabia, Economics, 6/14/2002
Privatization remains thorny issue
Former Minister of Planning, Ismail Sabri criticized the lack of accurate data on the privatization program, which renders the task of assessing the program thus far difficult.
Egypt, Economics, 6/12/2002
Financial structural program to heal Egyptian institutions
Welcoming the Financial Structural Adjustment Program (FSAP), currently applied by Egypt in cooperation with the International Monetary Fund (IMF), experts noted that the program helps in making sound reform measures to heal the flaws in the financial institutions, especially that the recent economic slackness has negatively affected such sector's performance.
Egypt, Economics, 6/12/2002
Egypt, France sign two agreements in communications
The agreements aim at transferring the French technology to the Egyptian market through setting up a number of regional centers for software development and upgrading the third generation of mobile phones during the coming five years with a cost of 128 million euro.
Egypt-France, Economics, 6/12/2002
Arab telecom ministerial council holds session in Marrakesh
The ministers will examine inter-Arab cooperation in the field of telecommunications and information technologies, means to foster joint projects and consolidate the sector's infrastructures.
Regional, Economics, 6/12/2002
Investments in food industries hit 85% increase
"The Egyptian production of food industries has increased by 80 percent, while the volume of investments in this sector has surged by 85 percent," said Minister of Industry Ali Al Saeedi.
Egypt, Economics, 6/12/2002
Oil refinery wastes to be incinerated in cement kilns
The cement manufacturer Holcim (ex-Cior) will henceforth proceed to incinerating in its kilns the hydrocarbon solid wastes of the oil refineries of La Samir in Mohamm?dia and Sidi Kacem.
Morocco, Economics, 6/12/2002
Iraq, Qatar sign free trade agreement
Iraq and Qatar signed in Baghdad Sunday a free trade agreement to foster their commercial and economic ties.
Iraq-Qatar, Economics, 6/11/2002
Bahrain to privatize telecommunications sector
Bahrain has decided to found a commission to supervise the liberalization of the telecommunications sector.
Bahrain, Economics, 6/11/2002
A dialogue on Information Technology between the Arab League, the UN
A meeting will be held at the headquarters of the Arab League (AL) in Cairo on June 18 through 20 to discuss means of using Information Technology in development. The meeting will be held under the AL general secretariat's special committee in collaboration with the UN general secretariat.
Regional, Economics, 6/11/2002
Central Bank of Egypt governor opens new check clearing house
the new clearinghouse would shorten the time for drawing one cheque to one day for central Cairo banks and just a few days in other parts of the country. The period was previously 20-25 days.
Egypt, Economics, 6/11/2002
Italy, major market for Egyptian exports
A report issued by the foreign trade ministry on exports for the year 2001 indicated that Egyptian exports to overseas markets have seen marked progress.
Egypt, Economics, 6/11/2002
IDB executive directors council convenes 208th session
The 208th council is looking into issues related to the financing of some development projects in a number of member countries, and the granting of technical help in order to relief them from the burden of foreign debt, and encourage their economic and social development.
Regional, Economics, 6/11/2002
State budget loses annually over $ 600 million as a result of smuggling
General manager of the Moroccan customs and indirect taxes, Abderrazak Moussadak, said the state budget is loosing an annual seven billion Dirhams (US$ 608 million) as a result of smuggling.
Morocco, Economics, 6/10/2002
American chamber of commerce and employers association launch 3rd annual corporate citizenship award
The American chamber of commerce (AMCHAM) and the Moroccan Employers Federation (CGEM) have launched the Corporate Citizenship Award 2002, which honors companies that demonstrate an outstanding commitment to the values of good corporate citizenship.
Morocco-USA, Business, 6/10/2002
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