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Today's Headlines

Short Takes

  • Croatian deputy trade minister Heka Minkia is concluding a visit to Egypt with a governmental and commercial delegation for discussing boosting and developing the bilateral relations between the two countries especially in the economic fields as well as increasing trade volume which reached $ 40 million dollars, Minkia told ArabicNews.com, adding that he discussed establishing a trade free zone between the two countries to be a motive for Egyptian and the Croatian organizations to increase trade. Go
  • The Egyptian company Orascom and the French Krab started preliminary steps for establishing a cement factory in Bagaya city (230 kilometers from Algiers) in Algeria at a cost of $ 230 million where $ 140 million will be obtained as loans from local and international finance corporations . The factory's production will reach 1.8 million tons annually i.e nearly 1/5 of Algeria total cement production. Go
  • Algerian sources told ArabicNews.com that local and Arab as well as foreign businessmen will be allowed to build and own electricity stations and related services before end of this year, referring that this step is a part of the Algerian government's strategy for increasing electricity production and liberating the market to end the monopoly of the governmental company Sonlgar. Go
  • Hungarian prime minister Viktor Orban undertakes June 6-8 an official visit to Morocco at the invitation of Moroccan peer Abderrahmane Youssoufi. Head of the Hungarian government will be accompanied by several cabinet members and a large delegation of entrepreneurs. Go
  • Secretary general of Arab inter-parliamentary union, Moroccan MP Noureddine Bouchkoug, urged Arab governments and organizations to contribute to the reconstruction and recovery of south Lebanon. Bouchkoug, who was addressing a session of the Lebanese parliament held in a village in south Lebanon, said the Lebanese victory, following Israeli withdrawal from south Lebanon, can serve as a starting point for a pan-Arab dynamic likely to re-launch Arab solidarity for the fulfillment of Arab nation's noble objectives. Go
  • The Jordanian - Sudanese maritime company will commence its work within two months with a capital of $ 20 million that have been provided. Jordanian economic sources said that the company will begin its work with 3 ships, one of which is for transporting passengers and 2 ships for transporting goods for linking between Port Sudan and Aqaba to others international harbors, clarifying that there is a systematic plan with a trip per week that carry the goods and cargo from and to Aqaba harbor to the international market. Go
  • Egypt's Foreign Minister Amr Mousa said on Thursday in Cairo that the 17th session of the Damascus Declaration signatory states will be held on Monday and Tuesday in Cairo in the presence of the foreign ministers of the Declaration's eight member states. Go
  • Senegal can be Morocco's gateway to Africa and help it strengthen ties with African countries and south-south cooperation, president Wade who wound up Thursday an official visit to Rabat told French radio RFI. Go
  • A report issued by the Egyptian economy ministry showed an increase in the Egyptian exports volume to U.S.A during the first quarter of the current year of 46.4% in comparison with the same period of last year - saying that the increase is achieved due to increase of the exports volume of the non petroleum industrial products which have increased from $ 138 million to 186 million during the first quarter of the current year which achieved an increase of 38% referring that the petroleum products achieved an increase of nearly $ 20 million dollars only. Go
  • The Moroccan fishing trawler "Aitmatin" with a 17 member-crew was hailed Thursday afternoon off the Fuerteventura island coast, in the Canary Islands, reports "EFE" quoting Spanish official sources. Go
  • Tunisia officially handed in its bid to stage the final rounds of the African football Nations' Cup "CAN-2000," the Tunisian press reported Friday. Candidates for the event are Zambia, Zimbabwe and Togo and Benin which strive to share the organization and hosting of the 24th Cup. Go
  • Heavy rains in the province of Zagora caused serious damages, namely the collapse of 50 houses in the Takounit region, says a press-release of the Zagora province, in central Morocco. Go