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Weekly Edition, Economics  -  Week of February 3, 2003
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L'Economiste: Morocco lowers external debt by 38% between 1995-2002
The total amount has been brought down from US$ 22.6 billion in 1995 to US$ 14 billion in 2002, said Abdelatif Loudiyi, who added the ratio public external debt/GDP went down from 68% to 35%. Compared to the balance of payments, the rate dropped from 192% in 1995 to 85% in 2002.
Morocco, Economics, 2/8/2003

Arab body calls for completion of electric grid between the Arab states
The Union of Arab Producers, Transporters and Distributors of Electricity (UAPTDE) called, in Tripoli, Libya, on Thursday, for the completion of grids' electric connection between the Arab states
Regional, Economics, 2/8/2003

Moroccan carrier dedicates 2 new Marrakesh-Marseille flights
Morocco's carrier, Royal Air Maroc (RAM) on Friday dedicated two new Marrakesh-Marseille flights, increasing its flight frequency between the two cities to two weekly direct, regular ones.
Morocco-France, Business, 2/8/2003

Controls to achieve efficient administration and standards of banking policies
The governor of the Central Bank(CB) Dr Mahmoud abu Al-Oyoun asserted yesterday that the issue of the good governance of companies comes at the top of the interests of the international business society and the world financial institutions, following events that occured during the last two decades.
Egypt, Economics, 2/7/2003

Foreign exchange market stable, Egyptian expatriates remittances go up
The local foreign exchange market witnesses a state of stability following the government's recent decision to liberalize the Egyptian pound rate against the foreign currencies.
Egypt, Economics, 2/7/2003

STMicroelectronics dedicates IT center in Rabat
A ministerial delegation, led by Morocco's premier Driss Jettou, dedicated on Wednesday in Rabat a center for the development of integrated circuits and software at the Rabat Mohammedia Engineers school (EMI).
Morocco, Business, 2/7/2003

USA and Morocco sign agreement to promote rural tourism
Morocco and the United States signed on Wednesday a cooperation agreement providing for promoting rural tourism through programs worth 78.6 million Dirhams (about US$ 8 million).
Morocco-USA, Economics, 2/7/2003

Japan donates over $100,000 to Moroccan Ngos
Japan granted US$ 103.680 to several Moroccan NGOs to help them finance social projects.
Morocco-Japan, Economics, 2/7/2003

Morocco's carrier RAM, US peer Delta Airlines sign cooperation agreement
The accord, part of the marketing alliance signed by the two companies in June 2000, is meant to optimize existing technical resources at both carriers' aeronautic industrial centers, to foster partnership in marketing innovation, computerized systems
Morocco-USA, Business, 2/6/2003

Rabat hosts Arab investment forum
Regional-Morocco, Economics, 2/5/2003

Moroccan business delegation to visit egypt
Morocco-Egypt, Economics, 2/5/2003

Egypt's total dealings with Asia hit $ 4.5 billion, diplomat says
Egypt, Economics, 2/5/2003

Investment risk protection mechanism under study
The government is studying proposals for a company to safeguard investments in Africa against risk, Minister of State for Foreign Affairs Fayza Abul Naga said.
Egypt, Economics, 2/5/2003

Athens Conference: The Euro, the Mediterranean and the Gulf
In a presentation he gave yesterday, February 3rd, in Athens in the context of the conference on the "Euro, the Mediterranean and the Gulf ," member of the European Commission Pedro Solbes Mira said that current relations between the European Union and the Mediterranean are intense and multifaceted, ranging from politics, to culture and economics. He indicated three dimensions of the partnerships that are considered particularly important: The Euro- Med. Free Trade Area; Support to economic reforms through the MEDA financial instrument, and the regular economic policy dialogue.
Regional-European Union, Economics, 2/4/2003

German oil and gas invesment in Egypt
The GACIC Executive Director said that German companies are keen on enhancing their investments in Egypt, especially in the fields of gas and petrochemicals.
Egypt-Germany, Economics, 2/4/2003

Egypt starts talks on Arab Free Trade-Zone
Egypt-Regional, Economics, 2/3/2003

Athens conference on 'Europe, the Mediterranean and the Euro' opens today
The conference's first session will be under the title " Overview of EU-Mediterranean and Gulf relations; has the EURO benefited Europe's southern neighbors? And the implications of an enlarged EU."
Regional-European Union, Economics, 2/3/2003

Jordanian tourism minister arrives in Damascus
Syria-Jordan, Economics, 2/3/2003

Egypt plans to expand fertilizers production, exports
Egypt, Economics, 2/3/2003


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