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Weekly Edition, Economics  -  Week of November 18, 2002
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Iraq, Jordan renew oil agreement
Iraq and Jordan on Thursday renewed in Baghdad their oil agreement according to which Jordan is provided with all its needs of crude oil during 2003 at preferable conditions.
Jordan-Iraq, Economics, 11/23/2002

Production of recent oilfield in Suez starts this week
The Edfu oilfield in the Gulf of Suez starts this week with a capacity of 10,000 barrels per day (bdp), the recent oilfield discovered by British Petroleum (BP) last March.
Egypt, Economics, 11/23/2002

Egypt's chairmanship of the Arab Federation is quite a chance
Head of the Federation of Egyptian and Arab Chambers of Commerce Khaled Abu Ismail, said that the federation is the framework supporting the trade sector and giving weight to the potentialities of the chambers of commerce.
Regional-Egypt, Economics, 11/23/2002

French due debts on Jordan rescheduled
The Jordanian minister of finance Michael Marto and the French ambassador in Amman Jane Caza on Thursday signed an agreement for rescheduling USD 330 million which constitute half of the French debts on Jordan.
Jordan-France, Economics, 11/23/2002

Ukraine opens a trade representation consulate in Syria
Syria-Ukraine, Economics, 11/22/2002

Morocco has great oil, gas potential, Vanco energy says
Morocco and Cote d'Ivoire have a great offshore hydrocarbon potential, said Gene Van Dyke, President and Managing Director of the US Vanco Energy corp.
Morocco, Economics, 11/22/2002

New privatizationsystem begins next week
Egypt, Economics, 11/21/2002

British famous garments factory to delocalize industry to Morocco
Morocco-UK, Business, 11/21/2002

French Bel expand investments in Egypt
Egypt-France, Business, 11/21/2002

Iraqi oil exports increased
The UN has reported that the volume of oil amounts exported by Iraq under the supervision of the UN increased last week from 7.3 million barrels to 8.3 million barrels a day.
Iraq, Economics, 11/21/2002

Regional center in Egypt to coordinate the Arab electricity network
The Egyptian minister of electricity and energy Hassan Younis said yesterday that it was decided to establish a regional center in Egypt in order to coordinate among the electricity networking in the Arab states which are linked to one electricity grid.
Egypt-Regional, Economics, 11/20/2002

Saudi telecom to cede $90 million worth of its capital
Saudi Arabia's telecommunications company, Saudi Telecom, will waver $90 million worth of its capital, in the biggest privatizing operation in the country, Saudi Finance minister, Ibrahim Ben Abdelaziz Al-Assaf, announced on Monday.
Saudi Arabia, Business, 11/20/2002

Korea, Jordan Sign Double Taxation Prevention Agreement
building projects by contractors based in the other country not exceeding a year will not be taxed by the country where the construction is taking place, while profits made on the securities and bonds market will be exempt from local taxation.
Jordan-South Korea, Economics, 11/20/2002

New privatization system begins next week
The government intends to apply a new privatization system when selling the state-owned companies, said Minister of Public Business Sector Mokhtar Khattab, adding that under the new system 6 companies: Niaza, Edfina, Simaf, Bata, Automotive Engineering and Kafr Al-Dawar Dyeing will be put for sale.
Egypt, Economics, 11/19/2002

Europe ratifies aid for Syria and lebanon
In a statement, the European Commission announced yesterday it has ratified an aid program at a value of 18 million EURO for Syria and Lebanon for the year 2002.
Regional-European Union, Economics, 11/19/2002

Two Moroccan banks contemplate merger
CMC further recommended "clear governance and internal transparent management" that must go beyond "a mere financial adjustment," calling for the creation of an independent judicial body in charge of loan recovery.
Morocco, Business, 11/19/2002

Spanish multinationals consolidate presence in Morocco
The Spanish government has recently decided to participate in two projects to be conducted in Morocco by two Spanish multinationals Endesa and Telefonica, Spanish daily Cinqo Dias reported.
Morocco-Spain, Economics, 11/19/2002

South korean firms' plant export to Libya reaches us$940 million
South Korean companies' plant exports to Libya reached US$940 million through the third quarter of this year, the Korea Trade Investment Promotion Agency (KOTRA)said Monday. "Plant export" refers to the export of power plants and machinery.
Libya-South Korea, Economics, 11/19/2002

Washington reconsiders all its aids for the Arab states
An official at the US Department of State said that the US is reconsidering its aids to the Arab states in order to define to what extent it can redirect them in programs encouraging democracy and the supremacy of the law.
Regional-USA, Economics, 11/18/2002

Morocco's Inshore, Traditional Fishing Falls
Morocco, Economics, 11/18/2002

Syria Farming Directory: A step to reach external markets
A policy of gradual reform has been contemplated in Syria, starting with a move towards indicative planning. To this effect, a number of government arrangements in the shape of legislative measures, amendments and revision of the major instruments of public intervention and wider economic and institutional reforms were made concrete both at the macro and agricultural sector levels.
Syria, Business, 11/18/2002


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