Arabic News Weekly Edition for Economics, 2/7/2000

Weekly Edition, Economics - Week of February 7, 2000

• Morocco-Jordanian high joint commission agreement comes into effect Morocco-Jordan, Economics, 2/12/2000
• King Mohammed meets African development bank chief
  King Mohammed VI received on Thursday in Marrakesh Omar Kabbaj, chairman of the Abidjan-based African Development Bank. Morocco, Economics, 2/12/2000
• Swedish agriculture minister visits Morocco monday
  Swedish minister of agriculture and maritime fisheries, Margretta Winberg, is expected in Morocco on Monday on a three day visit. Morocco-Sweden, Economics, 2/12/2000
• Experimental mobile phone service to start in Syria Syria, Business, 2/12/2000
• Maroc-Telecom will be privatized in 2002
  Maroc-Telecom will be sold to the private sector in 2002, announced minister of the public sector and privatization, Rachid filali on Friday. Morocco, Business, 2/12/2000
• 3.77 billion LE in transfers from Egyptians abroad
  The total amount of banking transfers from Egyptians working abroad reached 3.77 LE during 1999. Egypt, Economics, 2/12/2000
• 250 companies in Saudi communication fair
  The eighth Saudi communications fair is to conclude on Monday after four days with the participation of more than 250 Saudi, Arab and foreign companies. Saudi Arabia, Business, 2/12/2000
• Fair for Egyptian products in Shareka Egypt, Business, 2/11/2000
• Turning Egyptian atomic power organization into an economic sector Egypt, Economics, 2/11/2000
• Egyptian - Tunisian business council Meeting in Cairo next month
  The Egyptian - Tunisian business council aims to triple the amount of trade between Tunisia and Egypt. Egypt-Tunisia, Economics, 2/11/2000
• New British - Egyptian companies
  Jeremy Hanley, head of a British mission for trade and investment, said at the conclusion of the mission's visit to Cairo that there are offers to establish new British - Egyptian companies in the fields of fabrics, textiles and drilling for petroleum and others to run the economic free trade area in east Port Said city (Egypt) to which the British side contributes 60%, while Egypt contributes 40%. Egypt-UK, Economics, 2/11/2000
• Al-Walid Bin Talal to lead a campaign for fundraising to Lebanon Lebanon-Saudi Arabia, Economics, 2/11/2000
• An increase in Egyptian exports percentage to 20 countries Egypt, Economics, 2/11/2000
• Energy in Syria
  Syrian physics researcher Adnan Mustafa has asserted that crude oil constitutes the backbone of the current energy system in Syria. He estimated the current production of Syria's crude oil at 600,000 barrels per day. Syria, Economics, 2/11/2000
• Egyptian - Kuwaiti company for technology in Cairo Egypt-Kuwait, Business, 2/11/2000
• Euro-Mediterranean conference on investment in Lisbon Regional, Economics, 2/11/2000
• Arab tourism ministers participate in the Mediterranean Sea fair for tourism Regional, Economics, 2/11/2000
• Kuwaiti shopping festival coincides with renewed prosperity
  Kuwaiti economic sources stated that the second Kuwaiti shopping festival, Hala (Welcome) February 2000, which will last till the 24th of this month, contributed in finding a condition of economic prosperity in Kuwait after a long period of stagnation. Kuwait, Economics, 2/11/2000
• Moroccan, Spanish firms sign cooperation accord
  Moroccan electricity company (ONE/state-owned) and Spanish industrial group FENOSA, concluded Wednesday a cooperation accord in matters of electricity production, transport and distribution. Morocco-Spain, Economics, 2/11/2000
• Moroccan economic operators in Singapore in March
  A delegation of Moroccan economic operators will pay a visit to Singapore next March 23 through 25 to explore partnership opportunities. Morocco-Singapore, Economics, 2/11/2000
• Cost of living index increases by 0.7% Morocco, Economics, 2/11/2000
• Maghreban railway transport committee meets
  Managers of the railway companies of Algeria, Libya, Mauritania, Morocco and Tunisia looked into investment programs relating to the Trans-Maghreb. Cooperation in staff training and exchange of technical expertise in railway technologies was equally on the agenda. Maghreb, Economics, 2/11/2000
• Iraqi - Russian cooperation in electricity Iraq-Russia, Economics, 2/11/2000
• Wholesale prices index increases by 0.8%
  Wholesale prices index increased by 0.8% in 1999 compared to 1998, according to the Statistics Department's newsletter. Morocco, Economics, 2/11/2000
• More than $110 million earmarked for improving Casablanca port equipment, services Morocco, Economics, 2/11/2000
• Alami heads coordination meeting of UNCTAD X delegation Morocco-International, Economics, 2/10/2000
• 21% foreign investment in Tunisian stock market Tunisia, Economics, 2/10/2000
• Alioua opens African union's executive bureau conference Morocco-Africa, Economics, 2/10/2000
• Important Moroccan-Turkish economic meeting in coming three months
  Moroccan and Turkish economic operators are to hold an important encounter in the coming three months, and the upcoming session of the high joint commission will examine cooperation in various economic sectors between Morocco and Turkey. Morocco-Turkey, Economics, 2/10/2000
• Benaissa flies to Bangkok to attend UNCTAD X conference
  Moroccan Minister of Foreign Affairs and Cooperation Mohamed Benaissa heads this Thursday to Bangkok to attend the UNCTAD X conference to be hosted by the Thai capital February 12 through 19. Morocco-International, Economics, 2/10/2000
• Morocco, Indonesia to sign non-double taxation accord
  Morocco and Indonesia are to sign shortly an accord on non-double taxation and tax evasion, a statement by the Moroccan foreign department said. Morocco-Indonesia, Economics, 2/10/2000
• German president to visit Palestine
  Palestinian President Yasser Arafat and German President Johannes Rau will lay the cornerstone for a project in the industrial area of Haneen on February 20 at a cost of $25 million US that Germany will fully pay. Palestine-Germany, Economics, 2/10/2000
• Mubarak reviews east Port Said devolopment project
  President Hosni Mubarak yesterday chaired a meeting of the Ministerial Committee for Mega National Projects. Egypt, Economics, 2/10/2000
• Canadian commercial trade arrives at Cairo
  Egyptian - Canadian commercial discussions started today in Cairo through the mission of the Arab - Canadian commercial council which is currently visiting Cairo until February 14 under the chairmanship of James Patakalf, head of the council. Egypt-Canada, Economics, 2/10/2000
• Strong decline in Egyptian rice exports due to Asian competition
  Egyptian rice exports retreated to 128,000 tons between October 1998 and May of 1999 in comparison to 178,000 tons during the previous season. Egypt-International, Economics, 2/10/2000
• Moroccan power plant connected to electric grid, five months early
  The third electricity unit of Jorf Lasfar power plant (230 km south of Rabat) was connected to the national electric grid last Monday, five months ahead of the initial scheduled planning. Morocco, Business, 2/10/2000
• Harbor traffic increases by 9.1% in 1999
  Moroccan harbor traffic reached about 52.7 million tons in 1999, thus recording an increase of 9.1% compared to 1998, the Equipment Ministry said. Morocco, Economics, 2/10/2000
• Half of Africans lack access to water
  More than half of the African population lacks access to safe water while nearly two-thirds lack a sanitary means for excreta disposal, according to a document by the World Commission on Water for the 21st century. Regional-Africa, Economics, 2/10/2000
• COMESA, EU sign agreement to support regional integration
  The Common Market for Eastern and Southern Africa (COMESA) and the European Union have signed an $8.6 million agreement to support the second phase of regional integration programs in Eastern and Southern Africa. Regional-European Union, Economics, 2/10/2000
• Syria to help Lebanon repair power stations destroyed by Israel
  Syrian Minister of Electricity Munib Saed al-Daher on Tuesday inspected the damage that resulted from the Israeli aggression on Jamhour power station in Beirut. Lebanon-Syria, Economics, 2/9/2000
• $3 billion in British - Egyptian trade
  Sir Jeremy Hanley, head of the board of directors of the limited company for investment and international trade missions -andhead of the British mission for trade and investment that is currently visiting Cairo, said that the volume of trade volume between the two countries has reached $3 billion annually. Egypt-UK, Economics, 2/9/2000
• Jordan, Germany sign debt rescheduling agreement Jordan-Germany, Economics, 2/9/2000
• Mubarak reviews development project in Gulf of Suez
  President Hosni Mubarak yesterday said the government was attaching great importance to a new project aimed at developing the area northwest to the Gulf of Suez. Egypt, Economics, 2/9/2000
• Joint Egyptian - Iranian projects Egypt-Iran, Economics, 2/9/2000
• Establishing a free zone for technology and information in Dubai
  Dubai's government issued a new law yesterday establishing a free zone for technology, information and electronic trade to design, develop, use and maintain data technology, communications, information services and electronic trade in addition to presenting Internet services, commercial and advertisement, assembling, covering, importing, exporting and storing products. United Arab Emirates, Business, 2/9/2000
• Egypt's gates, wide open for world investments
  Prime Minister Atef Ebeid held a meeting yesterday with the UK Investment and Trade delegation, currently in Cairo Egypt-UK, Economics, 2/9/2000
• IDB to support Moroccan strategic sectors Morocco, Economics, 2/9/2000
• IDB approves new finances for more than $ 202 million
  The Islamic Development Bank approved, at the conclusion of its 191 session in Jeddah earlier this week, new finances for more than $ 202 million in favor of a number of member countries and Muslim communities in nonmember countries. Morocco, Economics, 2/9/2000
• Morocco to launch new satellite TV channel Morocco, Business, 2/9/2000
• Increase of 13% in tourists coming to Tunis Tunisia, Economics, 2/8/2000
• Moussa: Egypt puts relations with China on top of foreign policy priorities
  Egyptian Foreign Minister Amr Moussa stated that Egypt puts boosting its economic relations with China on top of the priorities of its commercial and economic relations with the world's different countries. Egypt-China, Economics, 2/8/2000
• 25 investment projects between France and Algeria Algeria-France, Economics, 2/8/2000
• King Mohammed inaugurates several projects in Casablanca
  King Mohammed VI inaugurated Monday several socioeconomic projects in Casablanca before traveling to Marrakesh. Morocco, Economics, 2/8/2000
• More allocations to speed up communications, its investments within two years
  President Hosni Mubarak chaired early this week an expanded ministerial committee meeting to draw out the national strategic communications and information plan and underlined it in the following steps: Egypt, Economics, 2/8/2000
• Commencing Egyptian - British commercial talks
  Egyptian - British commercial talks started today in Cairo under the chairmanship of Mahud El-Arabi, head of the Egyptian - British trade chambers, while from the British side David Blatherwick, head of board of directors of the Egyptian-British Chamber of Trade in London, who arrived heading a commercial mission in a visit that will last until the end of this week. Egypt-UK, Economics, 2/8/2000
• Meetings on Arab free trade zone start tomorrow in Cairo
  Meetings of the Arab social and economic council for following up means of implementing the greater Arab free trade zone are to start tomorrow at the Arab League's headquarters. Regional, Economics, 2/8/2000
• Turkey determined to bolster cooperation with Morocco
  Turkish Minister of Foreign Affairs Ismail Cem started talks on Monday in Rabat with Moroccan officials on the consolidation of political and economic cooperation between Ankara and Rabat. Morocco-Turkey, Economics, 2/8/2000
• Fisheries minister presents to King Mohammed project of six fisher villages
  Moroccan fisheries minister, Thami Khyari, presented Monday to King Mohammed VI a project to set up six more fisher villagers in southern Morocco. Morocco, Economics, 2/8/2000
• Indian tobacco commercial delegation visits Cairo
  An Indian commercial delegation comprised of six major tobacco exporters under the chairmanship of S. M. Ashraia, head of the Indian tobacco organization in the Trade Ministry, is currently visiting Cairo. Egypt-India, Economics, 2/8/2000
• Israeli -Jordanian imports and exports in balance
  The Israeli embassy in Amman announced on Monday the equal balance in Jordanian - Israeli trade for 1999 for the first time since signing the Jordanian - Israeli peace agreement in 1994 and after this trade balance used to be in favor of Israeli exports. Jordan-Israel, Economics, 2/8/2000
• IDB announces creation of private sector agency
  The Jeddah-based Islamic Development Bank (IDB) announced in Rabat on Monday that it will open shortly an agency to deal with the private sectors. Regional, Economics, 2/8/2000
• Iraqi- Tunisian trade talks Iraq-Tunisia, Economics, 2/7/2000
• Cephalopod fishing stoppage to last through April Morocco, Economics, 2/7/2000
• Morocco, Egypt to foster maritime transport cooperation
  Morocco and Egypt pledged to foster their cooperation in maritime transport, coordinate their activities in the sector of merchant navy and to endeavor to materialize a genuine partnership. Egypt-Morocco, Economics, 2/7/2000
• Egypt, capable of attracting huge technology investments
  Addressing a joint meeting of Northern Virginia Technology Council and Arab American Chamber of Commerce, Egypt's Ambassador to Washington Nabil Fahmy highlighted that Egypt gave top priority to communication technology as a main source inspiring huge US investments. Egypt-USA, Economics, 2/7/2000
• Mubarak reviews national water policy
  President Hosni Mubarak yesterday reviewed Egypt's water policy till the year 2017 during a two-hour meeting with a ministerial committee. Egypt, Economics, 2/7/2000
• Yemen trains technicians for dam maintenance Yemen, Economics, 2/7/2000
• WB lauds Egypt's educational programs
  During his Saturday meeting with Minister of Education Hussein Kamel Bahaa Eddine, Head of the World Bank (WB) expressed the Bank's appreciation of the success of Egypt's educational reform programs. Egypt-World Bank, Economics, 2/7/2000
• Five fairs for archeology abroad Egypt, Economics, 2/7/2000
• Major media projects into new horizons in 2000
  Minister of Information Safwat El-Sherif will arrive in Paris, France, on February 15 on a five-day visit to inspect the Egyptian Satellite in Toulouse after it has been assembled and made ready for launch in July. Egypt, Business, 2/7/2000
• Egyptian-Chinese political ties enhance mutual interests
  "Egyptian-Chinese trade balance is so markedly growing that it accounted for $750 million in 1999," said Foreign Minister Amr Moussa. Egypt-China, Economics, 2/7/2000
• Qatar preparing budget Qatar, Economics, 2/7/2000
• UAE gets new waste disposal facility United Arab Emirates, Economics, 2/7/2000
• Syria confiscates Israeli locks Syria-Israel, Economics, 2/7/2000
• European investment bank's loans to Morocco totalled 263 million euros in 1999 Morocco-European Union, Economics, 2/7/2000

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