Arabic News Weekly Edition for Economics, 4/3/2000

Weekly Edition, Economics - Week of April 3, 2000

• Morocco and Egypt to triple trade as a start
  Meetings of the joint Moroccan - Egyptian commercial committee are commencing today under the chairmanship of Egyptian Minister of Economy Boutros Ghali and Moroccan Minister of Industry and Trade Alami Tazi. Egypt-Morocco, Economics, 4/8/2000
• 2.2 billion euros to develop the private sector in Africa Regional-European Union, Economics, 4/8/2000
• Cairo: 2000 participants in meetings of Latin American tourism organizations
  Cairo is getting ready to host conference of the union of tourism organizations in Latin America during May, in which 2000 members in this union will participate. Egypt-International, Economics, 4/8/2000
• Royal message to Tangier rehabilitation national council
  In this respect, the Wilaya of Tangier holds a special position with a budget of more than six hundred and thirty million dirhams for the financing of forty important projects, particularly in basic sectors, such as tourism, housing, roads, drinking water, urban and rural electrification, agriculture, irrigation, fishing and healthcare. Important funds are made available for the further equipment of the industrial zone, including the export free zone. Likewise, support is given to small companies with the consideration that they represent one of the most promising suppliers of new jobs. Morocco, Economics, 4/8/2000
• Algeria to supply gas to northern Spain Algeria-Spain, Economics, 4/8/2000
• Emirates airline starts a development plan United Arab Emirates, Business, 4/8/2000
• Morocco, Turkey sign handicraft agreement
  The Moroccan Handicraft Association signed in Rabat Friday with its Turkish counterpart an agreement on handicraft. Morocco-Turkey, Economics, 4/8/2000
• $24 million to establish a resort in Tunisia
  The International Tourism Company Robinson Club decided to establish a luxury resort in Tebrka tourism area 170 kilometers north of the Tunisian capital. Tunisia, Business, 4/8/2000
• Increasing Kuwaiti air trips to Beirut Kuwait-Lebanon, Business, 4/8/2000
• Egypt highly committed to developing technology
  The US Administration renewed faith in the Egypt's Government serious willingness to making inroads into advanced technology. Egypt is highly committed to developing and applying advanced technologies. "The evidence can be found in numerous statements made by President Mubarak since July 1999," Chery Shavers, Undersecretary of Commerce for Technology said. Egypt, Economics, 4/8/2000
• UNICEF grants Morocco water supply equipment Morocco-UN, Economics, 4/8/2000
• Joint company between EgyptAir and Lufthansa for airplane maintenance
  The EgyptAir company and the German airline Lufthansa started the executive steps to establish a joint company for maintaining airplanes using EgyptAir's workshops, which EgyptAir started establishing in 1997. Egypt-Germany, Business, 4/7/2000
• Egyptian plan to train 50,000 young persons to use computers Egypt, Economics, 4/7/2000
• Meetings of Egyptian - Moroccan committee - tomorrow
  The meetings of the Joint Egyptian - Morocco committee are to start tomorrow in Cairo ,Egypt. Egypt-Morocco, Economics, 4/7/2000
• Establishing new industrial zones in Syria
  The Syrian government decided to specify a million Syrian liras for establishing industrial zones in Damascus, Halab and Homs in the first step by the new government headed by Mohammed Mustafa Miro toward economic reform. Syria, Economics, 4/7/2000
• Union of Austrian tourism companies to convene in Cairo Egypt-Austria, Economics, 4/7/2000
• $650 million in Saudi investments in Alexandria
  The Saudi Jihan holding group finished the procedures for establishing the Egyptian - Saudi Company for petrochemicals (Sibco), aiming at establishing the largest industrial assembly for producing polyester in Middle East. Saudi Arabia-Egypt, Business, 4/7/2000
• IBM cooperates with Egyptian companies to produce computer software Egypt-USA, Business, 4/7/2000
• Morocco to increase its exports to Iraq
  Morocco will increase its exports to Iraq to $150 million under the oil-for-food agreement. Morocco-Iraq, Economics, 4/7/2000
• Tunisia, India sign cooperation agreements
  The Tunisian-Indian joint commission wound up in Tunis Wednesday its 8th session with the signing of a set of cooperation accords and action programs. Tunisia-India, Economics, 4/7/2000
• Inter-Arab cooperation, appropriate means to face up globalization
  Moroccan Minister of Economy and Finance Fathallah Oualalou has stated that the upgrading of inter-Arab cooperation is the appropriate means to take up the challenge of globalization and face up regional groupings. Morocco-Regional, Economics, 4/7/2000
• Economic delegation from South Africa visits Cairo Egypt-South Africa, Economics, 4/7/2000
• One billion L.E from European Union to develop Egyptian industry Egypt-European Union, Economics, 4/7/2000
• Cooperation between Egypt and Belarus to manufacture agricultural tractors Egypt-Belarus, Economics, 4/7/2000
• Establishing an Egyptian - Russian company for the automotive industry
  A contract to establish the Egyptian - Russian company for Jeep cars industry is to be signed on April 10 with a capital of 100 L.E with the start of production of this factory to begin in six months. Egypt-Russia, Business, 4/7/2000
• Insuring two million Egyptians abroad
  The Egyptian Foreign Ministry finished making a special study of insuring the Egyptian workers abroad who number 2.9 million in the Gulf states and 100,000 in other countries, as all those workers will be insured against their sudden return home and death as well as incapacity and any other problems that might happen to them abroad. Egypt, Economics, 4/7/2000
• French secretary of state for industry in Libya
  The secretary of state for industry is going to Libya on April 9 and 10 for the international trade fair in Tripoli. Libya-France, Economics, 4/7/2000
• World Gold Council delegation visits Egypt
  A delegation from the World Gold Council headed by Moaz Barakat, the regional manager of the council, is due to arrive in Cairo on Saturday. Egypt, Economics, 4/7/2000
• Egypt: 109 million L.E in compensation for early pensions
  Egyptian Minister of Social Affairs and Insurance Amina El-Gendi asserted that 109 million L.E was paid in compensation for the early pensions for workers in the governmental public sector and the public business sector due to the privatization policy and sale of Egyptian public companies. Egypt, Economics, 4/7/2000
• Meeting between Egyptian and Hungarian businessmen
  A meeting is due to be held on Sunday in Cairo between Egyptian and Hungarian businessmen in the headquarters of the general union of the Egyptian trade chamber. Egypt-Hungary, Business, 4/7/2000
• Bahraini, Dutch and Iranian corporations discuss purchasing Misr - Iran Bank
  Many Arab and foreign financial and investment companies, including the Bahraini Ahdaf, which is in an financial alliance with the Iranian Foreign Investment Company, started new procedures to purchase 80% of the shares of Misr - Iran Bank for Development, which are scheduled to be raised for sale during the coming period in the program to privatize the Egyptian government's share of the joint banks and corporations. Egypt-International, Business, 4/7/2000
• Hartford University organizes a conference in Cairo on the social insurance and pensions
  Egyptian Minister of Economy Yousef Butrous Ghali is due to open at beginning of coming week the 7th conference of Egypt's Fullbright organization and Hartford University named "Systems of social insurance and pensions through the international experiments." Egypt, Economics, 4/7/2000
• Oman sends LNG shipment Oman-South Korea, Business, 4/7/2000
• Fair for Egyptian products in Iran Egypt-Iran, Economics, 4/7/2000
• Morocco says it will generate 17,500 new jobs by year end
  Morocco said it will generate 17,500 new jobs, part of a transition appropriation bill that will cover the second half of this year. Morocco, Economics, 4/7/2000
• Maroc-Telecom passed agreement to sell Internet packs
  Maroc-Telecom passed Wednesday an agreement with computer and consumer-credit firms to provide Internet packs. Morocco, Business, 4/7/2000
• Egypt participates in fair of textile industry technology in Germany
  Egypt will participate in May in the international fair for industrial machines for ready-made clothes, textiles and leathers in Koln, Germany. Egypt-Germany, Economics, 4/7/2000
• Algerian private airline joins ATIA Algeria, Business, 4/7/2000
• US increases Palestinian aid Palestine-USA, Economics, 4/7/2000
• Bahraini hotels promote off season visits Bahrain, Business, 4/7/2000
• Establishing joint navigation company between Syria and Sudan Sudan-Syria, Economics, 4/6/2000
• 300 cities participate in conference of Arab cities in Kuwait
  300 Arab cities will participate in the 12th conference of the Arab City organization in Kuwait between 24th - 26th of current April under the slogan 'the Arab cities and over population'. Regional-Kuwait, Economics, 4/6/2000
• Exporting the first shipment of Omani gas to South Korea
  Oman Natural Gas Company decided exporting the first shipment to South Korea today. Oman, Economics, 4/6/2000
• Government council probes transition finance bill
  The transition appropriation bill covering the second half of year 2000 topped a government council meeting, held in Rabat under the chairmanship of Premier Abderrahmane Youssoufi. Morocco, Economics, 4/6/2000
• Car exhibition in Casablanca Morocco, Business, 4/6/2000
• VETMA show in London and Paris, a success says association
  The moroccan textile and garment industry association "AMITH" chairman Mohamed Lahlou described as a "real success" the two "VETMA" exhibitions staged in London and Paris. Morocco-UK, Economics, 4/6/2000
• WFP aid for Ethiopian and Eritrean refugees in Sudan
  The World Food Program (WFP) has earmarked $15 million in food aid for Eritrean and Ethiopian refugees living in Sudan, according to a memorandum of understanding signed between Sudan and the program Tuesday. Sudan-Regional-UN, Economics, 4/6/2000
• Morocco's oldest industrial zone to be restructured
  The industrial zone of Sidi Bernoussi-Zenata, Casablanca, the oldest in Morocco, will be refurbished to become environment-friendly. Morocco, Economics, 4/6/2000
• Saudi Arabia opens its doors to foreign tourists
  The Saudi dailies stated on Tuesday that the government of Saudi Arabia is close to opening the kingdom to tourists, by approving general rules to issue tourist visas to foreigners. Saudi Arabia, Economics, 4/5/2000
• Union of German tourism companies to convene in Cairo at the end of this year
  The union of German tourism companies will convene its coming meeting in Cairo at the end of the current year. Egypt-Germany, Economics, 4/5/2000
• Cairo hosts first conference on international system for cell phones
  The first conference of the international system for cellular telephones in North Africa (IBC) is to start tomorrow in Cairo. Regional-Egypt-International, Business, 4/5/2000
• Spanish group to inject 25 billion pesetas in Morocco
  Spanish Superdiplo group is projecting to open some 40 supermarkets throughout Morocco over the five coming years for a total investment of 25 billion pesetas, reported the economic supplement of El Pais daily. Morocco-Spain, Business, 4/5/2000
• Unemployment rate jumps to 15.1% during third quarter of 1999
  The unemployment rate jumped nationwide from 12.9% during the second quarter of 1999 to 15.1% during the third quarter of the year, the number of persons on the dole having gone up from 1.32 million to 1.53 million. Morocco, Economics, 4/5/2000
• Malaysia to woo more Arab tourists
  A Malaysian official delegation will tour Arab Gulf states in a bid to woo Arab tourists Regional-Malaysia, Business, 4/5/2000
• Morocco to build cement plan in Laayoune Morocco, Business, 4/5/2000
• Commissioner Fischler announces Morocco - European fishery meeting
  European agriculture and fishery commissioner Franz Fischler announced Monday in southern Portugal he would meet in April Premier Abderrahmane Youssoufi to discuss issues related to fisheries. Morocco-European Union, Economics, 4/4/2000
• Tunisian - Indian commission holds meeting
  The Tunisian - Indian cooperation commission is to open this Tuesday a two-day meeting to debate ways to enhance bilateral cooperation. Tunisia-India, Economics, 4/4/2000
• Strike obstructs aviation movement in Algerian airport
  Algerian officials said that air traffic controllers obstructed many flights in Algeria's main airport due to a strike to demand increases in salaries. Algeria, Economics, 4/4/2000
• King Mohammed calls for solidarity with rural world
  King Mohammed VI on Monday called on Moroccans to show solidarity with the rural world, which is facing a second consecutive year of drought. Morocco, Economics, 4/4/2000
• Islamic Bank allocates $225 million for projects
  The Islamic Development Bank has allocated $225 million to finance development and inter-trade projects in member states, the bank chairman said on Monday. Regional, Economics, 4/4/2000
• Moroccan businessmen delegation in China Morocco-China, Business, 4/4/2000
• Negotiations between UAE, and Algerian on double-taxation United Arab Emirates-Algeria, Economics, 4/3/2000
• Maritime line between Bahrain and Iran Bahrain-Iran, Economics, 4/3/2000
• Symposium for encouraging Egyptian - Tunisian investment
  Tunis will host on April 17th and 18th a symposium for encouraging Egyptian - Tunisian investment with the participation of 25 businessmen in the two states in addition to delegates of ministers of trade, economy, tourism and transportation in the two states and business organizations that wish to enter this field. Tunisia-Egypt, Economics, 4/3/2000
• $2 billion in French exports to Iraq
  The volume of French exports to Baghdad reached $2 billion dollars through the oil-for-food program, making France the largest European exporter to Iraq. Iraq-France, Economics, 4/3/2000
• Egyptian business delegation visits China
  A delegation of businessmen from Alexandria, Egypt is visiting China today to market Egyptian products and open new markets in China through meeting representatives of the Chinese companies working in the fields of petroleum, construction, and manufacturing car parts. Egypt-China, Economics, 4/3/2000
• Morocco launches agriculture projects in southern provinces
  Morocco on Saturday gave the green light for several agriculture projects in the area of Laayoune, major city in the Moroccan southern provinces. Morocco, Economics, 4/3/2000
• Oman to export LNG to South Korea Oman-South Korea, Business, 4/3/2000
• Yemen signs oil exploration cooperation accord Yemen-USA, Business, 4/3/2000
• Road accidents kill one person every three hours
  Road accidents kill one person every three hours in Morocco, Moroccan activist and former health minister, Abderrahim Harrouchi, said. Morocco, Economics, 4/3/2000
• RAM targets 8 to 9 million passengers with 2002-2012 fleet plan
  The 2002-2012 fleet plan of Royal Air Maroc "RAM" will help the carrier reach 8 to 9 million passengers for regular traffic and charter activity, said a RAM release. Morocco, Business, 4/3/2000

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