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Weekly Edition, Economics  -  Week of October 25, 2004
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Rasheed meets Egyptian-Lebanese businessmen society
Egypt-Lebanon, Economics, 10/30/2004

ADB should fund surveys to assess wind energy potentials in Morocco, CDER
The African Development Bank should fund surveys to assess wind energy potentials in Morocco, said a recommendation of the Moroccan Center for Renewable Energy Development (CDER).
Morocco, Economics, 10/30/2004

17% more tourists visited Morocco in 2004
The number of tourists who visited Morocco during the first eight months of 2004 increased by 17%, as compared to the same period last year, said the International Tourism Organization in Madrid.
Morocco, Economics, 10/30/2004

Egyptian expatriates remittances hit $ 2.9 billion
The Egyptian expatriates' remittances totaled $2.999 billion in the fiscal year 2003/2004. The US topped the countries from where the Egyptians abroad send their remittances with $1.111 billion.
Egypt, Economics, 10/30/2004

Egyptian cotton exported to 17 countries, prices drop
Egyptian cotton export prices dropped last week (ended on October 21) compared to the previous week, said Salah Attar, Chairman of the Arbitration and Cotton Testing committee. He said Giza 70/88 extra long staple grades dropped to sell at 90.75 cents and 70.50 cents per pound, down by three and 3.25 cents respectively compared to the previous week.
Egypt, Economics, 10/30/2004

Syrian foreign exports up 6.8% yearly
The volume of Syria's exports increased to 59 billion Syrian pounds in 2001 compared with 40 billion Syrian pounds in 1993-1995, i.e with annual growth estimated at 6.8%, al-Thawra daily said Thursday.
Syria, Economics, 10/29/2004

Moroccan economic growth rate of 3.5 percent in 2004, higher than expected
Moroccan economic growth rate could stand at 3.5% for 2004, which is a slight rise compared to previous estimates, the High Planning Commissioner said on Wednesday.
Morocco, Economics, 10/29/2004

Palestinian shares weaken over Arafat's deteriorated health conditions
Palestinian shares decreased in weak dealings on Thursday and thereby negatively affected as a results of the deteriorated health conditions of Yasser Arafat.
Palestine, Economics, 10/29/2004

Saudi Arabia achieves high economic growth
The Saudi Arab Monetary establishment announced that the GNP in Saudi Arabia has increased at 13.7% in 2003.
Saudi Arabia, Economics, 10/28/2004

Rasheed Mohamed Rasheed: One million feddans dedicated to increase exports to $5 billions annually
A study is under way in cooperation with the Ministry of Agriculture to dedicate one million feddans of farmlands to growing export crops in a bid to shovel up agricultural exports from $ one billion to $5 billions, said Minister of Foreign Trade and Industry.
Egypt, Economics, 10/28/2004

Egypt launches fibre optic cable connection with Sudan
Egypt launched on Tuesday a fibre optic cable connection with Sudan to boost communications and the high-speed internet services between the two countries, said Egyptian Minister of Telecommunications and Information Technology Tareq Kamel.
Egypt-Sudan, Economics, 10/27/2004

Egypt seeks Chinese experience in Pharmaceutical, Serm industries
Egypt-China, Economics, 10/27/2004

Nazif receives Canadian oil company delegation for setting up joint petrochemical venture
Egypt's Prime Minister Ahmed Nazif met on Monday with the visiting board chairman of a Canadian Petrochemical Company, said Petroleum Minister Sameh Fahmi.
Egypt-Canada, Economics, 10/26/2004

2005 draft finance law foresees 3percent GDP growth rate
The appropriation bill for the year 2005, submitted by finance and privatisation minister, Fathallah Oulaalou, foresees a 3% growth in the GDP, a 2% inflation and a budget deficit of 3.2%.
Morocco, Economics, 10/26/2004

USAID Earmarked $100 million to help Morocco, mission director
The USAID has earmarked $100 million that can be drawn from to help the Moroccan government achieve one of its priorities, namely the creation of jobs, said Monica Stein-Olson, newly appointed USAID mission director in Morocco.
Morocco-USA, Economics, 10/26/2004

Turkish minister of industry and trade meets Syrian officials concerned
Syria's Prime Minister Naji Otari on Sunday discussed with Turkish Minister of Industry and Trade Ali Coskun ways of developing cooperation between Syria and Turkey underlining the importance of enhancing and expanding its future prospects in the economic, trade and industrial fields.
Syria-Turkey, Economics, 10/25/2004


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