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Weekly Edition, Economics  -  Week of May 12, 2003
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La Vie Eco: Renault to produce low-cost cars in Morocco as of 2005
The French group Renault will start producing the economical car "Dacia" in Morocco as of 2005, the weekly "La Vie Eco" reports on Friday.
Morocco-France, Business, 5/17/2003

Morocco's 2002-2003 grain yields to grow by 59%, ministry
The 2002-2003 cereal production is expected to stand at 8 million tons, which is a 59% rise as compares to last year, the department of agriculture and rural development said in a release Friday.
Morocco, Economics, 5/17/2003

Taba-Aqaba pipeline opens next month - pace to hot up for largest undersea gas field
Egypt's Petroleum Minister Sameh Fahmy and the Jordanian Minister of Energy Mohamed el-Bataina yesterday inspected the final phase of the project that will bring Egyptian natural gas to Jordan as from next month.
Egypt-Jordan, Economics, 5/15/2003

Morocco sees investment as key to development
Morocco said Tuesday it is determined to boost its economy through spurring investments and launching large-scale development projects. The government has devised a special program to generate jobs, promote transportation, spur investments and improve the population's living conditions, Equipment and Transport Minister, Karim Ghellab, told the upper chamber of the Moroccan parliament.
Morocco, Economics, 5/15/2003

Swiss pharmaceutical plant dedicated in Casablanca
A US $ 13 million-worth pharmaceutical plant, affiliated to the Swiss group F. Goffman La Roche, was dedicated on Monday in the Casablanca industrial area of Nouaceur.
Morocco-Switzerland, Business, 5/14/2003

Morocco registers 68.8 % increase in trade deficit in first quarter
Morocco registered a 68.8 per cent increase in its trade deficit in the first quarter of 2003, following a 9,6 per cent drop of exports and a 9,3 per cent rise of imports, said Morocco's Exchange Office.
Morocco, Economics, 5/14/2003

Social dialogue deal to harm Morocco's textile sector competitiveness, professionals warn
A Moroccan textile association warned that an agreement, signed recently between the government and social partners on labor grievances, risks to harm Moroccan firms' competitive edge.
Morocco, Economics, 5/14/2003

Egypt calls for Arab fund for trade exchange, investments, and development
The new fund targets upgrading Arab exports, decreasing imports, and replacing foreign imports by their Arab counterparts
Egypt-Regional, Economics, 5/13/2003

IMF praises Morocco's economic reforms
The International Monetary Fund praised Morocco's success in achieving macroeconomic stability over the last decade, heralding optimistic economic perspectives in the Kingdom.
Morocco, Economics, 5/12/2003

IBD offers two loans to Lebanon
The Islamic Bank for Development has offered two loans at a value of 47.5 million dollars for Lebanon to contribute to financing certain developmental projects.
Lebanon-Regional, Economics, 5/12/2003

Syrian- Iranian building, construction cooperation
Syria's Minister of Industry Issam al-Zaeem and Iranian Minister of Housing and City Building Ali Abdullah Ali Zada discussed in Damascus yesterday the possibility of embarking on Syrian- Iranian joint industrial ventures.
Syria-Iran, Economics, 5/12/2003


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