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Weekly Edition, Economics  -  Week of May 17, 2004
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Morocco, Argentina to negotiate preferential agreement
Morocco and Argentina have decided to start negotiations for the conclusion of a "preferential agreement," announced in Rabat Thursday Moroccan Delegate Minister for Foreign Affairs and Cooperation, Taieb Fassi Fihri.
Morocco-Argentina, Economics, 5/22/2004

Syria announces new gas discoveries in Palmyra area
Syria on Thursday declared significant gas findings made by a Croatian oil and gas company in the northern central part and underlined the new gas production would allow Syria to export for the first time quantities of the currently all-locally-consumed amount, a senior official in the Ministry of Oil and Mineral resources said.
Syria, Economics, 5/21/2004

After approving a series of new taxes, Egypt and the budget deficiency
Legislations approved by the Egyptian parliament on Tuesday, including imposition on new fees and increase of taxes on cars, restaurants, traveling abroad and mobile service, showed that Egypt has been living since years at a level beyond its capabilities with the increasing general budget deficit, financed by internal debt. A continuous problems for the government, experts views are different over solving.
Egypt, Economics, 5/20/2004

Syrian Commercial Bank of American banks boycott of correspondence
The Commercial Bank of Syria ( CBS) on Wednesday denied as totally baseless and unfounded the accusations on which the American decision of 11 May was based to prohibit American banks from making any correspondence for the CBS.
Syria-USA, Business, 5/20/2004

Government to privatize 66 companies in 2004
The Ministerial Privatization Committee met yesterday under Prime Minister Atef Ebeid and decided to keep intact the state's ownership of 64 companies working in the fields of mills, transport, yarns and textiles, fertilizers, steel, aluminum, chemicals and drugs in addition to the companies whose revenues constitute a big resource to the state's treasury like tobacco, sugar and salt, said Information Minister Safwat Al Sherif following the meeting.
Egypt, Economics, 5/18/2004

Premier receives Istanbul stock market chairman
Syria's Premier Naji Otari on Sunday received the Chairman of Istanbul Stock Market Othman Bersen and vice-Chairman Huseyin Erkan in the presence of Turkish Ambassador in Damascus.
Syria-Turkey, Economics, 5/17/2004

Syria - EU co-operation in Arab Gas line project
Syria's Oil and Mineral Resources Minister Ibraheem Haddad on Sunday conferred with the Vice Chairman of the European Commission Loyola De Palacio and an accompanying delegation on aspects of cooperation between Syria and EU, particularly in the field of Gas and Petroleum.
Syria-European Union, Economics, 5/17/2004

Morocco will dig at least 8 oil well this year, executive
Morocco, Economics, 5/17/2004


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