Arabic News Weekly Edition for Economics, 10/4/1999
Weekly Edition, Economics - Week of October 4, 1999
- King Mohammed announces creation of a development fund
King Mohammed VI announced on Friday the creation of the Hassan II Fund for Development and Equipment, part of the endeavors to combat unemployment and ensure Morocco's social and economic development. Morocco, Economics, 10/9/1999 - WB official says Morocco is at decisive turning point
Morocco is at a decisive turning point that will determine whether the country will achieve rapid growth and improve the population's living conditions, World Bank vice-president for the Middle East and North Africa (MENA) Kamel Dervis wrote. Morocco, Economics, 10/9/1999 - Morocco, Rumania to sign economic convention
Morocco and Romania are to sign early next week a new convention on economic and technical cooperation. Morocco-Romania, Economics, 10/9/1999 - German economic delegation to visit Cairo on Monday
A delegation of German businessmen is to arrive in Cairo on Monday to discuss supporting economical relations between Egypt and Germany, attracting German investments to Egypt and establishing joint projects between the two countries. Egypt-Germany, Economics, 10/9/1999 - Saudi Korean economic relations highlighted
Saudi minister of trade Osama Jaafar Faqeh reviewed today with his Southern Korean counterpart in al-Riyadh areas of trade and economic cooperation between the two countries and means of accelerating them. Saudi Arabia-South Korea, Economics, 10/9/1999 - Saudi proposals to cooperate with Romania
An official source said in Bucharest on Friday that the chairman of the Saudi Shoura council, Muhammad Bin Jubeir, currently visiting Romania has expressed his interest in maintaining cooperation between Saudi Arabia and Romania in the oil sector. Saudi Arabia-Romania, Economics, 10/9/1999 - Morocco attends African ministerial fisheries conference
Morocco takes part in the 4th ministerial conference on fisheries cooperation between African countries bordering the Atlantic this October 12-15 in Conakry, Guinea. Morocco-International, Economics, 10/9/1999 - Alitalia resumes flights to Algeria Algeria-Italy, Business, 10/9/1999
- Spain grants loans to Tunisia, Yemen, Turkey
The Spanish Cabinet approved Friday Loans for Tunisia, Yemen and Turkey. Spokesman of the Spanish Cabinet and Minister of Industry Joseph Pique said Tunis will get two loans, the first one totalling $13,000 with a low annual interest of 0.7 % and a five year grace period. Regional-Spain, Economics, 10/9/1999 - Some 220 Arab, foreign businessmen at Made in Syria exposition
The chairman of the Aleppo Chamber of Commerce, Saleh al-Mallah, has said that he received confirmations from 220 Arab and foreign businessmen to attend the "Made in Syria" exposition due to open in Aleppo on October 13. Syria, Business, 10/8/1999 - Arab investment company earns over $ 28 mln
The board of the Arab investment company is due to hold a meeting later on Friday to discuss topics related the firm's activities in the domains of investment and banking. Regional, Business, 10/8/1999 - Egyptian - Moroccan businessmen's council convenes in Cairo
The Egyptian - Moroccan businessmen's council will convene its third session in Cairo on October 13 on the margin of the visit of Moroccan Minister of Industry, Trade and Handicrafts Alami Tazi to Egypt. Egypt-Morocco, Economics, 10/8/1999 - 47 countries participate in Kuwait international investment forum
47 countries requested to participate in an international investment forum in Kuwait, which will be held at the beginning of the coming year and will be organized by the Center for the Arab Research in Kuwait. Kuwait-Regional, Economics, 10/8/1999 - Trade arbitration on agenda of Gulf states trade ministers meeting Gulf, Economics, 10/8/1999
- Egyptian - Turkish businessmen's council to meet in November Egypt-Turkey, Business, 10/8/1999
- Libya shops Airbus Libya, Business, 10/8/1999
- Youssoufi says African bid for 2006 is legitimate Morocco, Economics, 10/8/1999
- Energy micro-enterprises in rural world to be promoted
Morocco has initiated a project to promote solar energy micro-enterprises in the rural world. Morocco, Economics, 10/8/1999 - Moroccan tobacco company's net profit decrease by 12.3%
The net profit posted by the Moroccan state-owned tobacco company declined by 16.34% in 1998, despite an increase in sales. Morocco, Business, 10/8/1999 - International fund to invest $ 150 mln in Morocco
The "Western Mediterranean Growth Fund" is projecting to invest $ 150 million in various sustained development projects in Morocco, reports Moroccan "L'economiste" daily. Morocco, Economics, 10/8/1999 - Moroccan trade minister meets Egypt's ambassador in Ribat Morocco-Egypt, Economics, 10/7/1999
- Iraqi - Egyptian commercial committee to convene at end of month
The meetings of the Iraqi - Egyptian committee will convene at the end of October under the chairmanship of the trade ministers in the two states. Egypt-Iraq, Economics, 10/7/1999 - International food company to open branches in Morocco
The group sells to enterprises, administrations and employees "food cheques" to pay for food at selected restaurants. Morocco, Business, 10/7/1999 - UN approves Iraqi truck purchase Iraq-UN, Economics, 10/7/1999
- Palestinian - Israeli industrial committee to be formed Palestine-Israel, Economics, 10/7/1999
- Mauritanian minister assures IMF, World Bank support for development policy
Mohammed Ould El-Nani, Mauritania's minister of development and economic affairs, said the International Monetary Fund and World Bank expressed their support for the social and economical development policy adopted by the Mauritanian government. Mauritania, Economics, 10/6/1999 - Saudi delegation in Tehran
A Saudi trade and economic delegation, led by the minister of industry and electricity is to arrive in Tehran on Monday evening Saudi Arabia-Iran, Economics, 10/6/1999 - Egyptian Businessmen's Association calls for supporting navigation line between Egypt and East Africa
The Egyptian Businessmen's Association urged all exporters and importers to support the first navigation line between Egypt and eastern Africa which was opened by Egyptian Minister of Trade and Supply Ahmed Goweili in August. Egypt, Economics, 10/6/1999 - $386 million in exports of Egyptian industrial projects
The head of the Egyptian public organization for investment and free-trade zones, Ibrahim Fawzi, said exports of industrial projects from the free-trade zones to external markets reached $386 million during the first nine months of the current year, in comparison to $290 million for the same period of last year, an increase of 22%. Egypt, Economics, 10/6/1999 - International Autumn Trade Fair in Dubai in November
The Dubai World Trade Center will host on November 21 - 25 the International Autumn Trade Fair with the participation of 750 companies from 35 countries amid a growth of 10% in the number of displays and 25% in the fair's space. Regional, Business, 10/6/1999 - Morocco studies advantages of listing phone company in New York Stock Exchange Morocco, Economics, 10/6/1999
- Egyptian minister of tourism follows projects to revive holy family's route in Egypt
Egyptian Minister of Tourism Mamdouh El-Beltagi said the project to revive the holy family's track in Egypt is considered of Egypt's concern for the third millennium, sponsored by Ministry of Tourism and implemented and financed by the Association for Reviving the National Tradition. Egypt, Economics, 10/6/1999 - Korean economic delegations visit Algeria
South Korean Minister of State for Trade Han Tok-su is due to arrive in Algeria in mid-October, heading a large delegation that includes officials in his ministry and Korean businessmen. Algeria-South Korea, Economics, 10/6/1999 - Moroccan carpets doing well in Germany Morocco, Business, 10/6/1999
- Moroccan-Egyptian business council meets in Cairo next week
The council's latest meeting in Casablanca last June had assessed the level of trade exchanges between the two states and identified obstacles hampering the promotion of these exchanges. Egypt-Morocco, Economics, 10/5/1999 - Economic trade to increase significantly between Syria and UK
The British ambassador in Damascus, Basil Eastwood, has expressed his hope of developing economic cooperation and trade exchange between Syria and Britain in the service of the two countries' interests. Syria-UK, Economics, 10/5/1999 - British business delegation visits Libya
The delegation of more than 50 heads of commercial and oil companies as well as financial and banking institutions, is led by John Hill, president of the British commission of trade with Middle East countries. Libya-UK, Business, 10/5/1999 - UN okays oil-for-food increase Iraq-UN, Economics, 10/5/1999
- Morocco posts 6.3% growth in 1998, World Bank reports
The Moroccan Gross Domestic Product recorded a 6.3% growth in 1998, estimates in the World Bank annual report say, the highest rate in North Africa and the Middle East. Morocco, Economics, 10/5/1999 - Mediterranean olive oil producing cities request EU backing
The Mediterranean olive oil producing cities have requested the European Union to extend financial backing to olive oil producers. Regional, Economics, 10/5/1999 - Japan loans Morocco $62 mln for water projects Morocco-Japan, Economics, 10/5/1999
- Morocco takes part in world road congress
Minister of Equipment Bouamor Taghouan who is heading the Moroccan delegation, made a presentation on Monday under the topic "can the privatization of road infrastructure contribute in speeding up road development in the 21st century?" Regional-Morocco, Economics, 10/5/1999 - Italy to resume flights to Algeria Algeria-Italy, Business, 10/4/1999
- Moroccan and Spanish trade unions call for consolidation of technical and social cooperation
Spanish and Moroccan trade unions in a meeting held here last week called for the consolidation of technical and social cooperation. Morocco-Spain, Economics, 10/4/1999 - Yemen to implement sewage and sanitation projects Yemen, Economics, 10/4/1999
- European Union Supports Morocco's Agriculture with $ 28 Mln
The European Union's Med Committee has recently okayed the disbursement of $ 28 million for an agriculture development project in Taounate (300 km northeast of Rabat, says the European Commission's office in Rabat. Morocco, Economics, 10/4/1999 - Concluding the second meeting of the US - Maghreb trade chambers
The second meeting of the US - Maghreb trade chambers concluded today in the Tunisian capital, aiming at increasing commercial exchange and joint investment among Algeria, Tunisia, Morocco and the USA. Maghreb-USA, Economics, 10/4/1999 - Yemen gets $2 million from Islamic Development Bank Yemen, Economics, 10/4/1999