Arabic News Weekly Edition for Economics, 4/10/2000

Weekly Edition, Economics - Week of April 10, 2000

• Tunisian - Indian cooperation in technology Tunisia-India, Economics, 4/15/2000
• Labor code, interim finance bill, development plan: major issues on MPs spring agenda
  The labor and customs codes, the draft interim appropriation bill and the five-year development plan are the major issues to be discussed by Morocco's MPs during their spring session, opened on Friday. Morocco, Economics, 4/15/2000
• Privatizing the Lebanese Middle East airlines in 2 years Lebanon, Business, 4/15/2000
• 55 countries participate in international cometition for der water photography in Hurghada Egypt, Economics, 4/15/2000
• Morocco's tourism activity increased in 1999
  Morocco's tourism activity increased by 18 % in 1999 and tourism receipts reached $ 1.93 billion. Morocco, Economics, 4/15/2000
• Canadian businessmen in Morocco monday Morocco-Canada, Business, 4/15/2000
• Saudi Arabia is No. 1 in using VISA card in the gulf Saudi Arabia, Economics, 4/15/2000
• World Bank denies issuing report on tax corruption in Egypt
  Prime Minister Atef Ebeid said the World Bank has denied issuing a report on the corruption of some tax officials in Egypt. Egypt, Economics, 4/15/2000
• Egypt, Israel discuss natural gas deal
  President Hosni Mubarak met Israel's infrastructure Minister Eli Suissa, who delivered a Message from Shas movement, a key partner in Israel's ruling coalition of Prime Minister Ehud Barak. Egypt-Israel, Economics, 4/15/2000
• French employers meet moroccan officials
  The visiting delegation from the French employers' association (MEDEF) held in Rabat Thursday a work meeting with several Moroccan officials to probe means of enhancing partnership between the two countries. Morocco-France, Economics, 4/15/2000
• Egypt specifies 27.5 billion L.E to service debt burden
  Egypt decided to specify 27.5 billion LE in the new financial budget for year 2000/2001 to service the foreign and local debts burden-- 24% of the financial specifications in the new budget. Egypt, Economics, 4/14/2000
• Japanese project to support and develop Egyptian small industry
  The Japanese international cooperation organization will start in October carrying out a project to support and develop the small and medium-sized industries in Egypt, especially automobile-related industries and export industries, as well as conveying technology, especially lasers. Egypt-Japan, Business, 4/14/2000
• Economic forum discusses Arab- European partnership
  The union of Arab banks will organize an economic forum named "Bank management technology" on April 26th - 28th in the Spanish city of Granada. Regional, Business, 4/14/2000
• Egyptian industrial union objects to European partnership agreement
  The Egyptian industrial union council announced its opposition to the European - Egyptian partnership agreement that is due to be signed soon between Cairo and the European Union member states. Egypt-European Union, Economics, 4/14/2000
• OPEC international development fund grants loan to Sudan
  The International Development Fund of the Organization of Petroleum Exporting Countries OPEC granted Sudan a $10 million loan to develop its electricity network. Sudan, Economics, 4/14/2000
• Egyptian plan to increase exports of computer software
  The Egyptian Economy Ministry prepared a plan to increase Egypt's exports of computer software and get into new markets, among which are US and commonwealth markets. Egypt, Economics, 4/14/2000
• Meeting of Italian tourism chamber in Luxor in May
  The Italian tourism chamber (Fiat IT) will convene its annual conference on May 17-21 in the city of Luxor to discuss increasing the volume of tourism coming to Egypt and the Mediterranean basin area. Egypt-Italy, Economics, 4/14/2000
• Morocco to post 1.2% growth rate in 2000
  Morocco will post a 1.2% growth rate in 2000 against an initially-expected 8%, the Moroccan Centre de Conjoncture (CMC) said. Morocco, Economics, 4/14/2000
• Morocco's foreign debt stands below $17 billion
  The Moroccan foreign debt was brought down to below $17 billion when it stood at $18 billion in mid-January, Finance and Economy Minister Fathallah Oualalou told the economic weekly "La Vie Economique." Morocco, Economics, 4/14/2000
• Kuwaiti organizes first conference for the Internet
  The Kuwaiti association of computer users announced its intention to organize the first international conference for the Internet in Kuwait on November 20- 22 under the slogan, "The Internet and the new millenium." Kuwait, Economics, 4/14/2000
• Egyptian company to spread banking credit cards Egypt, Business, 4/14/2000
• New flights between Marrakesh and southern Spain
  A Spanish airliner will service two new weekly air flights between the two Spanish southern cities of Granada and Malaga and Marrakesh, Morocco. Morocco-Spain, Business, 4/14/2000
• Arab fund grants $8.4 million loan to Morocco
  The Arab Fund for Economic and Social Development will grant Morocco a $8.4 million loan to partially finance an electricity project. Morocco-Regional, Economics, 4/14/2000
• Moroccan tourism ad poster chosen best in Germany Morocco-Germany, Business, 4/14/2000
• Permanent fairs for Egyptian products in the Arab and African states Egypt, Business, 4/14/2000
• Moroccan, Gulf investors meet in Morocco next month
  Moroccan and Gulf investors will convene a meeting in Casablanca next May 2-3 to study business opportunities in Morocco, Moroccan Economy and Finance Minister Fathallah Oualalou announced on Thursday. Morocco-Gulf, Economics, 4/14/2000
• Egypt, Canada agree to increase bilateral trade
  President Mubarak had talks yesterday with Canadian Prime Minister Jean Chretien on ways of expanding bilateral cooperation in the fields of trade, technical cooperation and training. Egypt-Canada, Economics, 4/13/2000
• Jordan joins the worldly trade organization Jordan, Economics, 4/13/2000
• Italy to swap $100 million Moroccan debt
  Italy will swap $100 million debts owed by Morocco, under an accord signed here Wednesday on the occasion of the official visit King Mohammed VI is paying to Italy. Morocco-Italy, Economics, 4/13/2000
• No need to devaluate Morocco's currency, minister
  The Moroccan economy and finance minister has ruled out the possibility of devaluating Morocco's currency, the dirham. Morocco, Economics, 4/13/2000
• Arab Financial Institutions End Joint Meetings
  The Arab financial institutions wound up Wednesday in Rabat their joint annual meetings with the adoption of annual reports and year 2000 programs of activity. Regional, Business, 4/13/2000
• Amman Hosts Suphex 2000 fair for military equipment
  The Suphex 2000 exposition for weapons and military equipment will be opened on April 17 in Amman. Jordan-International, Business, 4/13/2000
• Sudan's oil output up 56 percent to 200,000 barrels
  Sudan's oil output has jumped 56 % from 128,000 daily to 200,000 barrels per day, largely from the addition of new productive wells of the Unity and Heglig oil fields in the South and West of the country, respectively. Sudan, Economics, 4/13/2000
• 200 German tourist companies put Egypt on top their program lists Egypt-Germany, Economics, 4/12/2000
• Morocco attends World Bank energy week
  General manager of the national electricity facility (Office National D'electricit), Driss Benhima, is taking part in the energy week held by the World Bank April 11-13 in Washington. Morocco-International, Economics, 4/12/2000
• International fair in Dubai next year Regional, Business, 4/12/2000
• Saudi Arabia, EU start trade relations
  A round of trade talks started on Tuesday in Riyadh between delegations of the general secretariat of the Gulf Cooperation Council and the European Commission in order to discuss several trade issues of concern to the two sides. Saudi Arabia-European Union, Economics, 4/12/2000
• Jordan joins WTO Jordan-International, Economics, 4/12/2000
• British minister visits Lebanon Lebanon-UK, Economics, 4/12/2000
• WB participates in 5 economic Programs
  Prime Minister Dr. Atef Ebeid met with the World Bank delegation, its resident representative in Egypt Khaled Ikram and Minister of Environment Nadia Makram Ebeid. Egypt-World Bank, Economics, 4/12/2000
• Establishing an Egyptian - Chinese business council
  It was decided to establish an Egyptian - Chinese business council on the margin of Chinese President Jiang Zemin's visit to Cairo next week. Egypt-China, Business, 4/12/2000
• Libyan, Maltese trade relations discussed
  Meetings of Libyan economic activists and a delegation of Maltese economic activists included main trade companies, banking companies and industrial institutions in Malta. Libya-Malta, Economics, 4/12/2000
• Arab financial institutions hold joint annual meetings in Morocco
  The Arab financial institutions opened in Fez (central Morocco) their joint annual meetings with several Arab economy and finance ministers attending. Regional, Economics, 4/12/2000
• Saudi Cabinet agrees on foreigners' ownership of projects
  The Saudi Cabinet agreed on a new law for foreign investment that allows foreigners to have complete ownership of the projects and properties related to it. Saudi Arabia-International, Economics, 4/12/2000
• Moroccan, French employers' joint committee meets in Morocco
  The joint committee of the Moroccan and French employers' associations, CGEM and MEDEF, will convene its 12th session on Friday in Morocco, said a CGEM press release. Morocco-France, Economics, 4/12/2000
• UGTM, CDT Call for Warning General Strike on April 25
  The General Union of Moroccan Workers (UGTM/close to the Istiqlal Party) and the Democratic Labor Confederation (CDT/close to the Socialist union of popular forces) have called for a warning general strike on April 25. Morocco, Economics, 4/12/2000
• Yemen signs MOU for port construction Yemen-Iran, Business, 4/12/2000
• Morocco, Egypt resolved to increase trade exchanges
  Moroccan-Egyptian joint commissions on trade and industry wound up works Sunday with the signing of a package of agreements meant to upgrade cooperation in economy, trade and investment and increase bilateral trade exchanges. Egypt-Morocco, Economics, 4/11/2000
• Lebanese minister addresses updating radio equipment Lebanon, Business, 4/11/2000
• Morocco, Bahrain finalize accord on non-double taxation
  Morocco and Bahrain have finalized a draft accord on non-double taxation and income tax evasion. Morocco-Bahrain, Economics, 4/11/2000
• Saudi fund finances housing project in Morocco
  The Saudi development fund will extend Morocco a $ 7.5 million loan to finance a low-cost housing project in Fes, central Morocco. Morocco-Saudi Arabia, Economics, 4/11/2000
• Algeria, France sign customs agreements Algeria-France, Economics, 4/11/2000
• Meeting to probe US-Maghreb partnership in Washington next week
  Practical modalities to implement the economic partnership between the United States and the Maghreb will be the focus of meetings in Washington April 18 with economy and finance ministers of Morocco, Algeria and Tunisia, said US economic affairs under-secretary of state, Alan Larson. Maghreb-USA, Economics, 4/11/2000
• British businessmen discuss in Cairo developing economic relations
  A British businessmen delegation in currently visiting Egypt to discuss aspects of cooperation in fields of harbors, exporting fresh fruits and vegetables and medical products, metal industries as well as equipment's of communication and electronics. Egypt-UK, Economics, 4/11/2000
• An economic Austrian delegation visits Egypt today Egypt-Austria, Economics, 4/11/2000
• Seminar on rural development in Mediterranean opens in Marrakech
  A seminar on "new strategies for a rural development in the Mediterranean countries" opened Monday in Marrakech to debate development problems in rural areas in the Mediterranean and new strategies to ensure a lasting rural development. Regional-Morocco, Economics, 4/11/2000
• Egyptian - Syrian communications to convene meetings of the joint committee Egypt-Syria, Economics, 4/10/2000
• Egyptian imports equal $17 billion
  Official Egyptian economic statistics asserted that Cairo imported during 1999 an estimated at $17 billion, while its exports last year did not exceed $4.5 billion, which caused a shortage in the commercial balance that is estimated at $12.5 billion. Egypt, Economics, 4/10/2000
• Bashar al-Assad participates in Lebanese - Syrian symposium on developing the Internet
  Bashar al-Assad, son of Syrian President Hafez al-Assad, agreed on participating in a Lebanese - Syrian symposium concerning developing the Internet and data technology, organized by the Syrian scientific association for data which is headed by Bashar in association with the Lebanese assembly for data. Syria-Lebanon, Economics, 4/10/2000
• Saudi Arabia expects three million tourists in five years
  Saudi economic sources stated that Riyadh expects three million tourists during the next five years, after the latest decision of the Saudi Cabinet to grant tourism visas to foreigners visiting Saudi Arabia, excluding these for pilgrimage, the minor Haj or work. Saudi Arabia, Economics, 4/10/2000
• Bidders line up for new power projects
  International power project developers and suppliers are preparing to bid for three new schemes scheduled to go to tender in the next few months. Egypt, Economics, 4/10/2000

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