Arabic News Weekly Edition for Economics, 1/10/2000
Weekly Edition, Economics - Week of January 10, 2000
- Norway's prime minister
Norwegian Prime Minister Egypt-Norway, Economics, 1/15/2000 - 12,5 unemployed persons Arab countries Regional, Economics, 1/15/2000
- Morocco and spain to cooperate in training of tourism schools teachers Morocco-Spain, Economics, 1/15/2000
- French employment and solidarity minister in Morocco Monday
French Minister of Employment and Solidarity Martine Aubry is expected in Morocco next Monday for a two-day visit. Morocco-France, Economics, 1/15/2000 - Morocco sends technicians to help restore electricity to storm-struck French regions
Morocco has sent 25 technicians to France to help restore electricity in the regions struck by storms at the end of December. Morocco-France, Economics, 1/15/2000 - Saudi Arabia: Reducing petroleum production the way to stability in the market
Official Saudi sources depicted yesterday the attempts to continue with reductions in petroleum production as the correct way to reach a stable balance in the petroleum market and achieve fair prices to satisfy the producer and the consumer. Saudi Arabia-Regional, Economics, 1/15/2000 - Moroccan and French firms to invest $120 million in cement plant
The Moroccan holding "ONA" and French cement firm "Lafarge" have decided to jointly invest $120 million (1.2 billion DH) to build a cement plant in the northern Moroccan city of Tetuan. Morocco-France, Business, 1/15/2000 - King Mohammed chairs meeting with investment committee Morocco, Economics, 1/14/2000
- Severe lack of railway equipment in Iraq Iraq-UN, Economics, 1/14/2000
- Establishing a data center in the Egyptian investment organization Egypt, Economics, 1/14/2000
- Moroccan economy faring well, Youssoufi says
Though not commensurate with needs accumulated for decades, the first yield of government action is positive and proves "we are on the right track" despite adverse climatic conditions and delay in the execution of 1998-99 budget, Premier Abderrahmane Youssoufi told the house of representatives. Morocco, Economics, 1/14/2000 - $1.7 billion US in Arab debts to Iraq
A statement issued by the Iraqi Finance Ministry said today that the total amounts due to Iraq from seven Arab states reached $ 1,705,256,000 through December 31, 1999. Iraq-Regional, Economics, 1/14/2000 - Chicago mayor wants partnership with Casablanca
Chicago mayor, Richard Daley, voiced determination to foster partnership between the US city of Chicago and the Moroccan metropolitan city of Casablanca. Morocco-USA, Economics, 1/14/2000 - Fourth meeting of Arab businessmen to convene in Kuwait in April
Taher El-Sherif, secretary general of the Arab Businessmen's Union and the Egyptian Businessmen's Association, said it was decided to hold the fourth meeting of the Arab business council in Kuwait in the second half of April, saying that the meeting will discuss all means of achieving the ultimate benefit from the agreement of establishing the Arab free trade zone. Regional, Business, 1/14/2000 - Investment climate, improved within 6 months
Prime Minister Atef Ebeid said the Tuesday meeting is the first of its kind in a series of meetings which would be held by the Ministerial Group for Supporting Investment, adding that these meetings would be held once a month with the aim of promoting the investment climate in Egypt within six months. Egypt, Economics, 1/13/2000 - UAE narrows list to three to build Dubai power station United Arab Emirates, Business, 1/13/2000
- Gambian foreign minister in Morocco
Gambian Foreign Affairs Minister Lamine Sedat Jobe is to start this Thursday a three-day visit to Morocco for talks on bilateral cooperation. Morocco-Gambia, Economics, 1/13/2000 - Morocco's 2nd GSM license sale shows success of telecom privatization, WB official
The selling of the 2nd cellular phone license to an international consortium shows the success of Morocco's telecom opening and privatization process, said World Bank Vice-President M. Kemal Dervis Wednesday in Washington. Morocco, Economics, 1/13/2000 - Arab finance and economy ministers meet in Cairo
Well-informed sources at the Arab League said that the council of Arab finance and economy ministers will hold an important meeting at the premises of the AL in February in which they will follow up on the progress in implementing the Greater free Arab trade zone, which has entered its third year with the beginning of the year 2000. Regional, Economics, 1/13/2000 - Mauritanian strategy for combating poverty
Mauritanian Minister of Economic Affairs and Development Mohammed Ould El Nany said his country has drawn up an ambitions strategy to combat poverty that extends through the coming 15 years, 2000 - 2015. Mauritania, Economics, 1/13/2000 - Jordan, Israel discuss establishment of four joint industrial zones
The Jordanian minister of industry and trade said on Wednesday that he has discussed with his Israeli counterpart, Ran Cohen, several issues connected to trade between Jordan, Israel and the Palestinian government, describing his talks with Cohen as being held in an atmosphere of understanding. Jordan-Israel, Economics, 1/13/2000 - Opening a harbor in Somalia Somalia, Economics, 1/13/2000
- Palestinian labor forces contributes to 25% of Israel's national income
A study prepared by Palestinian researcher Laila Farsakh said that the average contribution of Palestinian labor's participation inside Israel to the GNP of the Palestinian territories between 1967 and 1999 reached 25%. Palestine-Israel, Economics, 1/13/2000 - Minister announces complete rural electrification in 2010
Moroccan Energy and Mining Minister Youssef Tahiri announced Wednesday that all rural areas will receive electricity by 2010. Morocco, Economics, 1/13/2000 - Saudi 1998 industrial production estimated at $20.8 billion, report
Saudi Minister of Electricity and Industry Hashem Yamani said Wednesday the 1998 Saudi industrial production was estimated at $20.8 billion. Saudi Arabia, Economics, 1/13/2000 - Morocco's hard currency reserves stand at $6 billion, prime minister
Moroccan Prime Minister Abderrahmane Youssoufi said Thursday that up to last October, Morocco's reserves of hard currency stood at $6 billion (60 billion DH). Morocco, Economics, 1/13/2000 - Morocco gets 50 million euro donation from European Union
The European Commission will extend Morocco a 50 million euro-donation to support the country's social and economic reforms, says a statement of the European Commission in Rabat. Morocco-European Union, Economics, 1/13/2000 - New oil discoveries in Algeria Algeria, Business, 1/12/2000
- British government leads the way against third world arm loans
The British Government will no longer underwrite loans to third world countries to buy British arms, finance Secretary Gordon Brown announced Tuesday. Regional-UK, Economics, 1/12/2000 - Fuel crisis puzzles traffic in Nouakchott Mauritania-Algeria, Economics, 1/12/2000
- Port traffic increases by 8.5% in january-november 99
Traffic in Moroccan ports increased by 8.5% between January and November 99, with a total volume of 48.3 million tons, says the equipment ministry. Morocco, Economics, 1/12/2000 - Bahrain phone rates to drop Bahrain, Business, 1/12/2000
- UAE discussing natural gas distribution system United Arab Emirates-Pakistan, Business, 1/12/2000
- Exporting the Egyptian gas to Israel in two years Egypt-Israel, Economics, 1/11/2000
- New program to augment Egypt's annual exports volume to 10 percent
Minister of Economy and Foreign Trade Youssef Boutros Ghali submitted to Prime Minister Atef Ebeid his Ministry's export development program in the year 2000 which aims at increasing the volume of services and commodities exports to no less than 10 per cent annually. Egypt, Economics, 1/11/2000 - Confusion in the internal aviation in Cairo Egypt, Business, 1/11/2000
- World Bank expects high economic growth in Egypt Egypt, Economics, 1/11/2000
- UAE computer exhibition United Arab Emirates, Business, 1/11/2000
- Nouakchott airport stops working after midnight daily
Mauritania's authorities have decided to close off Nouakchott's airport to air navigation from midnight until 6:00 a.m. in order to ensure calm for the people who live around the facility. Mauritania, Business, 1/11/2000 - Suez Canal revenues increase Egypt, Economics, 1/10/2000
- Establishing 14 external fairs in seven months to develop Egyptian exports Egypt, Economics, 1/10/2000
- Egypt gets ready to host first economic forum for Comesa countries Egypt, Economics, 1/10/2000
- Bulgarian industrial delegation visits Iraq
A high-ranking Bulgarian industrial delegation will arrive in Baghdad at the end of the current month to hold discussions with Iraqi officials aiming at increasing bilateral cooperation between the two countries. Iraq-Bulgaria, Economics, 1/10/2000 - Algeria thanks Tony Blair for canceling poor countries' debts
Algeria, the current president of the Organization of African Unity has expressed its satisfaction over the initiative taken by Britain to cancel debts owed by the most indebted countries at a rate of 100%. Regional-Africa, Economics, 1/10/2000 - Cairo hosts meetings of third Mediterranean forum for development
Cairo (Egypt) will host at the beginning of March the meetings of the third Mediterranean economic forum for development under the title, "A call for change - partners in the development." Regional-Egypt, Economics, 1/10/2000 - Egyptian government to sell its share of insurance companies
The Egyptian government is currently making restrictions and conditions for selling its shares in the joint insurance companies after reaching the real evaluation of the company's assets over six months. Egypt, Business, 1/10/2000 - UAE stock market to commence activity soon United Arab Emirates, Business, 1/10/2000
- Russian medical equipment for Iraq Iraq-Russia, Economics, 1/10/2000
- Egypt participates in Tunisian leather fair
Egypt will participate in Tunisia's International Fair for Leathers that will be held on February 18 - 20 in the fair palace in the Tunisian capital. Egypt-Tunisia, Economics, 1/10/2000 - Gulf stock markets behind Gulf, Economics, 1/10/2000
- Expenditures of media advertisement in the Arab states
A report issued by the Arab Center for Research in Dubai has said that total expenditures on advertisement in the Arab states reached US $515 million during 11 months 1999. Regional, Economics, 1/10/2000