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Arabic News Weekly Edition for Economics, 7/1/2002

Originally published

Weekly Edition, Economics - Week of July 1, 2002

  • US - Saudi trade down 40% due to strained relations
    American official statistics showed that economic relations between the US and Saudi Arabia, its main trade partner in the Middle East has been greatly damaged in the phase following the military operation carried out by the Israeli army in the West Bank in March, after a similar notable recession was scored in the phase following the attacks of September 11, 2001 against the US. Saudi Arabia-USA, Economics, 7/6/2002
  • Agreement with ALO to develop Egyptian women
    The National Council for Women Secretary General Farkhonda Hassan headed to Italy and Austria to probe means of cooperation between the council and the sides that provide more experience and potentials to upgrade Egyptian women. Egypt, Economics, 7/6/2002
  • Moroccan FM Meets Hyundai CEO Morocco-South Korea, Economics, 7/6/2002
  • European commission supports upgrading of moroccan textile companies Morocco-European Union, Economics, 7/6/2002
  • Morocco attends african meeting on fisheries in Abidjan
    Morocco took part in the first session of the scientific sub-commission of the center-eastern Atlantic fisheries committee (COPACE), held in Abidjan, Cote d'Ivoire, July 1-4. Morocco, Economics, 7/6/2002
  • Pakistani official meets phosphates company ceo
    Pakistani trade, industry and production minister Abdul Razak Dawood, who started on Wednesday a visit to Morocco, met in Casablanca on Thursday Chief Executive officer of Moroccan state owned phosphates company "OCP," Mourad Cherif. Morocco-Pakistan, Economics, 7/6/2002
  • Egypt, Qatar trade and investment cooperation
    The source said that the memo included carrying out Qatari investment plans in the Gulf of Sidi Abdel Rahman in Alamein, in addition to a program on training technicians and skilled laborers necessary to carry out projects in Qatar. Egypt-Qatar, Economics, 7/5/2002
  • King Mohammed inquires about progress in setting up single investment desks
    Morocco's King Mohammed VI chaired this Thursday at the Royal Palace in Tetouan (northern Morocco) a ministers' council during which he inquired about progress made in the creation of single investment desks at the level of each region. Morocco, Economics, 7/5/2002
  • Indian business delegation to visit Iraq
    A high-powered 50-member delegation, led by Federation of Indian Chambers of Commerce and Industries (FICCI), will visit Iraq for enhancing business relations and have negotiations on larger allocation for wheat, rice and sugar Iraq-India, Economics, 7/5/2002
  • New export law in force October 2002
    "The e-network will link all seaports and the authorities concerned to facilitate and accelerate export processes". Egypt, Economics, 7/4/2002
  • Development fund to set up database for small-scale enterprises
    The Social Development Fund (SDF) and the UN Industrial Development Organisation (UNIDO) have agreed to set up a database on small-scale projects in order to enhance coordination between small- and- medium-scale enterprises. Egypt, Economics, 7/4/2002
  • UN agency appeals for $56 million to repair damage in occupied palestinian territories
    An additional $56 million is needed for relief and reconstruction of several refugees camps damaged by the Israeli military's incursion earlier this year, the head of the United Nations body charged with helping Palestinian refugees told journalists at UN headquarters on Tuesday. Palestine, Economics, 7/4/2002
  • Morocco showcases industrial and food products in Damascus
    Morocco is holding this July 1-3 in Damascus an exhibition of industrial and agri-food products to foster direct contacts between businessmen of the two Arab states and explore cooperation prospects in various fields. Syria-Morocco, Economics, 7/3/2002
  • Rules of origin hinder application of Arab free Trade area
    Those states underlined the need for developing existing rules of origin in order to provide enough protection for Arab industries in the face of the leakage of non-Arab products. Regional, Economics, 7/3/2002
  • Jweili: the first Arab investment conference with Africa
    The secretary general of the Arab economic unity council Ahmad Jweili has announced the convening of the first conference for investment with Africa during the period from September 21 through 24 to be held Libya. He added the conference will be held in collaboration between the economic unity council and the Arab Bank for Economic Development in Africa. Regional, Economics, 7/3/2002
  • Finance Ministry Launches Web Site
    The site provides several services to help users conduct transactions with the Administration of Customs and Direct Taxes (ADII). Morocco, Economics, 7/3/2002
  • Moroccan-french small business investment projects need support network, state secretary
    French state secretary of commerce, SMEs, handicraft and liberal professions, Renaud Dutreil, called here Monday for the set up of a network to support the Moroccan-French SMEs investment projects. Morocco-France, Economics, 7/3/2002
  • US offers $ 202 million to support Egypt's economic reform programme privatization
    The USA has offered Egypt $ 202 million including $ 150 million to help the government's efforts to combat money laundering and $ 52 million to boost investments via the privatization programmes. Egypt-USA, Economics, 7/2/2002
  • Part of debts to Germany, Italy used in development projects
    About $ 624 million comprising part of Egypt's debts to Germany and Italy will be used in development projects. Egypt-Germany, Economics, 7/2/2002
  • Agreements by the Arab financing projects program
    The program in charge of Arab trade financing signed in its 50th meeting on Monday in Abu Dhabi agreement on credit lines with its national agencies estimated at USD 197 million for a period of 4 months. Regional, Economics, 7/2/2002
  • Syrian- Iraqi agreement to found 7 companies
    The Syrian Minister of the Economy and Foreign Trade Ghassan al- Refai said in statements last month that Iraq and Syria agreed to found seven companies in various fields and that two of these companies have become operational. Syria-Iraq, Economics, 7/1/2002