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Five billion dollars in Algerian losses due to the earthquake
As for damages resulting from the wave of the drought which has hit the country since several years, Butaflika estimated them at USD 10 billion. Butaflika said that the acts of violence has been invading the country since 1992 caused damages estimated at USD 20 billion.
Algeria, Economics, 6/14/2003
Deals with Britain and USA to drill oil
Two new agreements were signed and two ones amended on June 13, with the British Petroleum Company (BP) and the U.S. Apache Petroleum Company to explore for oil and natural gas in Suez Gulf and Western Desert.
Egypt, Business, 6/14/2003
Morocco, Brazil sign cooperation agreement in water resources management
Morocco and Brazil signed Thursday in Brasilia a cooperation agreement in water resources management and utilization.
Morocco-Brazil, Economics, 6/14/2003
Marrakesh, an ideal destination par excellence, GB airways
It is difficult to find a "destination as exotic and ideal as Marrakech," GB Airways managing director, John Patterson, said.
Morocco, Business, 6/14/2003
Malaysia to take part in petrochemicals plant in Egypt
Malaysia will contribute to setting up a giant Egyptian project for petrochemicals' production with a capital of LE 10 billion.
Egypt-Malaysia, Economics, 6/13/2003
Bouygues group mobilized to materialize Tangiers port on time
The Bouygues Group, a World leader in constructions that won a US$ 242-million deal to build the basic installations of the Mediterranean Port of Tangiers, said Thursday it was "mobilized" to materialize the project on time.
Morocco-France, Business, 6/13/2003
Deal for construction of basic installations of Tangiers port signed
Morocco's King Mohammed VI chaired Wednesday in Agadir the signing ceremony of a deal for the construction of basic installations of the Mediterranean Port of Tangiers (Northern Morocco).
Morocco, Economics, 6/13/2003
Japanese tractors granted to Syrian agriculture ministry
Japanese embassy delivered to Syrian Agriculture Ministry yesterday at Nabe'e al-Fawar in al-Quneitra City 527 Japanese agricultural tractors given as a grant from Japanese government to Syria. This grant is estimated with a value of 6 Millions dollars.
Syria-Japan, Economics, 6/13/2003
Cyber-piracy quiets down in Morocco
Cyber-piracy in Morocco decreased from 82% in 1994 to 61% in 2001 and 58% in 2002, said the association of software editors in Morocco (Business Software Alliance).
Morocco, Economics, 6/13/2003
SFD to set up Arab SMEs network
Egypt's Secretary General of the Social Fund for Development (SFD), Hani Seif El-Nasr said the Fund has become in charge of setting up an Arab network for small-and medium-sized enterprises (SMEs) with the target of activating cooperation among Arab states in all development domains, specially SMEs.
Egypt-Regional, Economics, 6/12/2003
Morocco underscores progress towards FTA accord with US
Considerable progress has been achieved in negotiations for the conclusion of a free trade accord (FTA) between Morocco and the USA, Moroccan Delegate Minister for Foreign Affairs and Cooperation, Taieb Fassi Fihri, said.
Morocco-USA, Economics, 6/12/2003
Pan-African bank lauds Morocco's economic growth
Morocco alongside Senegal, Tunisia, Mozambique, Botswana and Uganda, as countries where strong economic performances are positively impacting Africa.
Morocco, Economics, 6/12/2003
Moroccan-Turkish businessmen call for trade promotion
Morocco-Turkey, Economics, 6/12/2003
Africa's economy is based in few countries
The top five economies in Africa of South Africa, Egypt, Morocco, Nigeria and Algeria contributed 59 percent to Africa's Gross Domestic Product in 2002 said the United Nations Economic Commission for Africa (UNECA) in its 2003 annual report.
Regional-Egypt, Economics, 6/12/2003
World Bank loans Morocco $25 mln to help fight poverty
The World Bank (WB) extended on Monday to Morocco a US$ 25 million loan to help fight poverty in the country's drought-stricken and remote rural communities.
Morocco, Economics, 6/12/2003
First Arab forum of small, medium-sized industries to be held in UAE
The first Arab forum of Small and Medium-Sized Industries will be held this June 21-22 in Sharjah (UAE), Organizers announced Monday in Riyadh.
Regional-United Arab Emirates, Economics, 6/11/2003
Leading German tourism group eyes stronger presence in Morocco
TUI Group, a leading German tour operator, has unveiled a plan to consolidate its 35-year presence in Morocco.
Morocco-Germany, Business, 6/11/2003
Morocco's foreign currency reserves up, tourism receipts drop by end of april
Foreign currency reserves at the central bank (Bank Al-Maghrib) reached 101.82 billion dirhams (some USD 11 billion) by April 30, 2003, as compares to 98.53 billion Dirhams ($10.7 billion) during the same period of last year, i.e. a 3.3% rise, the exchange office said in its latest newsletter.
Morocco, Economics, 6/11/2003
Arab investment map drawn up
The Egyptian proposal aims at replacing foreign imports with Arab products, said state minister for foreign affaire. Fayza Abul Naga who represented Egypt's delegation to the meetings.
Regional, Economics, 6/10/2003
Joint council for Jordanian, Iraqi businessmen
Jordanian and Iraqi businessmen in Amman yesterday signed an agreement to strengthen trade exchange between the two states which were damaged because of the war in Iraq.
Iraq-Jordan, Economics, 6/10/2003
Morocco's trade deficit worsens by 28% in 1st quarter of 2003
Morocco, Economics, 6/10/2003
Foreign loans and investments drop, expats' remittances up in 1st quarter of 2003
Foreign direct investments and loans have regressed by 32% in the first quarter of 2003, compared to the amount of FDIs and loans Morocco attracted in the same period of 2002.
Morocco, Economics, 6/10/2003
Moroccan official urges Moroccan expatriates in france to invest in low-cost housing
Moroccan delegate minister in charge of housing and urbanism, Taoufik Hjira, urged on Saturday Moroccans living in France to invest massively in low-cost housing projects in Morocco.
Morocco, Economics, 6/10/2003
World economic forum to discuss NEPAD's implementation
The world economic forum that will start Wednesday in South Africa will focus on the implementation of NEPAD (new partnership for Africa's development), said organizers.
Regional, Economics, 6/10/2003
Jordan and oil
Jordan-Regional, Economics, 6/9/2003
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