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Arab League economic file of Manama summit; more talk or action
A delegation representing the general secretariat of the Arab League, accompanied by experts from the Arab states arrived in Manama to prepare the economic file of the forthcoming Arab summit due to be held in the Bahraini capital, Manama.
Regional-Bahrain, Economics, 1/4/2003
Micro-credits soar by 65% in 2002
He further explained that the state has earmarked both local and international donations to encourage micro-loaning institutions and adopted a legal framework to regulate and develop the activity. This legal framework provides for the creation of a micro-finance advisory council which held its first session this Friday.
Morocco, Economics, 1/4/2003
New mechanism to investigate into irregularities in banking system
The government has introduced new amendments to the new banking draft law. The amendments include setting up an investigation mechanism in the Central Bank of Egypt (CBE) to probe into any irregularity or complaints in any bank.
Egypt, Economics, 1/4/2003
Saudi Arabia buys the largest bank in the Arab homeland
Saudi Arabia-Regional, Business, 1/4/2003
Egypt, Saudi Arabia sign veterinary cooperation agreement
Saudi Arabia-Egypt, Economics, 1/4/2003
Egyptian, Jordanian, Syrian, Lebanese talks on gas projects
Regional, Economics, 1/4/2003
Plans to increase agriculture exports to five billion in 2003
Egypt's Deputy Prime Minister and Minister of Agriculture Youssef Wall said the plan for the year 2003 targets upping agricultural exports to L.E. five billion compared to the current L.E. two billion.
Egypt, Economics, 1/4/2003
Parallel programs to upgrade Egyptian industry sectors
Minister of Industry and Technological Development Ali Al Saeedi said that the Ministry will undertake implementation of several parallel programs during the new year 2003 to modernize the Egyptian industry and expand a vocational training to upgrade workers' efficiency.
Egypt, Economics, 1/4/2003
Qatari businessmen prospect Moroccan market
A group of businessmen from Qatar, led by chairman of the administrative board of the Qatari real estate investments company -Sheikh Kaled Ben Thani Al-Thani, undertook from December 19 through 31 a prospecting mission in Morocco.
Qatar-Morocco, Economics, 1/3/2003
Salary increase for Jordanians
Jordan, Economics, 1/3/2003
Egypt-EU partnership agreement to be endorsed
Egypt's ambassador in Brussels who doubles as Egypt's permanent delegate to the European Union (EU), Soleiman Awwad said Egypt has a grace period between 8-12 years to adapt its markets to receive European products.
Egypt-European Union, Economics, 1/3/2003
LE 16 billion increase in Egypt's Gross Domestic Product
Egypt's Minister of Planning, Othman Mohammed Othman said the New Year will witness an increase in Gross Domestic Product(GDP) by LE 16 billion to increase to LE 378.8 billion.
Egypt, Economics, 1/3/2003
Gulf states unify customs tariff
The United Arab Emirates and the Gulf Council Cooperation (GCC) member stated have started as from yesterday, January 1st, working under a united customs tariff with the birth of the GCC customs federation which was ratified by the Doha summit in December.
Gulf, Economics, 1/2/2003
Gulf secretary general: Customs federation in force today
As from today, the Gulf Cooperation Council (GCC) states will achieve a qualitative step towards a customs union and its related agreement, in implementation of the resolutions of the 23rd summit which was held in Doha on December 20 and 21, 2002 in Doha.
Gulf, Economics, 1/1/2003
Moroccan-Senegalese airliner, great success of Rabat-Dakar cooperation
President Abdoulaye Wade of Senegal on Tuesday lauded the Moroccan-Senegalese air company "Air Senegal International" as "the greatest success of our cooperation with Morocco."
Morocco-Senegal, Business, 1/1/2003
Morocco, Ghana probe fisheries cooperation
Morocco-Ghana, Economics, 1/1/2003
A Bleak Year on Israeli Economy
Head of the Israeli Union for Industries, Oud Yad Tera, announced that the year 2002 witnessed a closure of about 60 factories in addition to 150 factories of advanced technological companies in Israel.
Israel, Economics, 1/1/2003
Unemployment in Bahrain needs a growth of 6%
Bahrain's minister of social affairs and Labor Majid al-Alawi has announced that solving the problem of unemployment in Bahrain for the long run "requires achieving an economic growth ranging between 5 to 6%" in order to be able to "absorb the labor force introduced to the market."
Bahrain, Economics, 12/31/2002
Biggest natural gas field discovered near Damietta
A consortium of Italian companies working in Egypt announced Wednesday the discovery of a big deep water natural gas field off the Egyptian Mediterranean Sea city of Damietta.
Egypt, Economics, 12/31/2002
El Pais: Spanish phone operator runs tele-marketing center in morocco
The call center of the Spanish phone operator, Telefonica, in Tangiers, will specialize in tele-marketing, reports spanish daily "El Pais."
Morocco-Spain, Business, 12/31/2002
al-Qabas: Kuwait confirms linkis of Dinar to US dollar
The Kuwaiti Central bank has announced that Kuwait will limit linking its national currency ( the Dinar) to the US dollar as from next Wednesday in preparation for the monetary unity among the member states at the Arab Gulf Cooperation Council GCC, however, this steps will not cause great changes in the change rate.
Kuwait, Economics, 12/30/2002
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