Arabic News Weekly Edition for Economics, 4/17/2000
Weekly Edition, Economics - Week of April 17, 2000
- Egypt: 1.5 billion dollars in new investments for drilling for oil Egypt, Economics, 4/21/2000
- No new taxation during current finscal year in Egypt Egypt, Economics, 4/21/2000
- King Mohammed launches drought-effect alleviation projects in Khouribga province
King Mohammed VI, accompanied by Prince Moulay Rachid, is currently visiting the Khouribga province, in central Morocco, to launch more projects meant to alleviate drought-effects in severely-hit areas. Morocco, Economics, 4/21/2000 - Mubarak to deliver political speech on Labor Day Egypt, Economics, 4/21/2000
- A stress to build al-Wahda dam Jordan-Syria, Economics, 4/21/2000
- Establishing an Egyptian - Chinese holding company
A contract of establishing the holding company 'south of the valley' for development in Aswan was signed yesterday of a capital 100 million L.E. Egypt-China, Business, 4/21/2000 - Four joint Romanian - Egyptian projects
The executive steps will begin to establish four joint Romanian - Egyptian projects in assembling cars and tractors by using the most modern technological means, an environment-friendly factory for cement production, a project for petrochemical industries in Alexandria, and a project for generating electric power from the movement of water. Egypt-Romania, Economics, 4/21/2000 - An Austrian plan for investment in Egypt Egypt-Austria, Economics, 4/21/2000
- Establishing a trade zone for Egypt in Djibouti Egypt-Djibouti, Economics, 4/21/2000
- Cairo to host second international conference for auto industry in November
The Arab organization for mining and industrial development will organize in November the second international conference for the automotive industry in Cairo concerning the continuous development of the Arab automotive industry. Regional, Business, 4/21/2000 - Decrease in number of Egyptian commercial ships
The number of the Egyptian commercial ships dropped to 121 during the last year in comparison to 132 ships in 1996, while the volume of the current cargo of these ships reached 1.8 million tons. Egypt, Business, 4/21/2000 - Syrian premier confers with Jordanian minister of agriculture
Syrian Prime Minister Muhammad Mustafa Miro on Wednesday evening received Jordan's minister of agriculture, Hashem al-Shaboul. Syria-Jordan, Economics, 4/20/2000 - King Mohammed calls government to intensify efforts to alleviate drought effects
King Mohammed VI called on Wednesday the government to intensify efforts to face drought effects, renewing the interest he grants to the rural world. Morocco, Economics, 4/20/2000 - Algerian, Czech trade relations reviewed Algeria-Czech Republic, Economics, 4/20/2000
- 650 companies in the Arab travel market 2000
650 companies from 50 countries agreed to participating in the activities of the Arab travel fair that will be held on May 2- 5 in the United Arab Emirates city of Dubai. Regional-United Arab Emirates, Economics, 4/20/2000 - UAE- Omani business council forms
The trade and industry chambers in the United Arab Emirates and in Oman started steps to establish an Omani - UAE business council to support and encourage bilateral cooperation in all fields. Oman-United Arab Emirates, Economics, 4/20/2000 - National export conference held in Rabat
Participants in the national conference on exports held here Tuesday agreed on a national export draft charter and on measures to overcome problems facing the sector. The sector of export has recorded a decline in the recent years. While imports stood at $ 10.4 billion (104,1 billion DH) in 1999, exports reached only $ 7.2 billion Morocco, Economics, 4/20/2000 - Moussa heads Egypt's delegation in COMESA foreign ministers conference
Egyptian Foreign Minister Amr Moussa will head Egypt's delegation in the first meeting of the foreign ministers of COMESA countries that will be held in Lusaka, the capital of Zambia, on April 27 and 28. Egypt-Zambia, Economics, 4/20/2000 - US congressional delegation visits Egypt Egypt-USA, Economics, 4/20/2000
- Budget deficit curbed to 2.3% of GDP in fiscal 1998-99, minister
The budget deficit has been curbed to 2.3% of the gross domestic product during fiscal 1998-99 and to 3.1 of the GDP in fiscal 1997-98, thanks to the progress scored at the macroeconomic level, said in Washington Tuesday Moroccan Minister of Economy and Finance Fathallah Oualalou. Morocco-Maghreb-USA, Economics, 4/20/2000 - Customs authority eases procedures for exporting companies
The Moroccan customs and indirect taxes administration decided on Wednesday to ease administrative procedures for exporting companies which meet requirements of a modern and transparent management. Morocco, Business, 4/20/2000 - Trade unions claim 90% observance of ports staff strike
The Labor Democratic Confederation (CDT) and the General Union of Moroccan Workers (UGTM) said Wednesday the strike they had called for was observed by more than 90% of the ports staff. Morocco, Economics, 4/20/2000 - Moroccan carrier gets three new Boeing planes
The Moroccan carrier, Royal Air Maroc (RAM) received three new Boeing aircraft for a total cost of $ 15 million (1,5 billion DH), the company announced. Morocco-USA, Business, 4/20/2000 - King Mohammed launches projects in northern regions
King Mohammed VI, who started on Tuesday a tour in drought-stricken regions, launched in Ksar El-Kebir a handicraft village, a drinking water supply project and an eight-km long rural road. Morocco, Economics, 4/19/2000 - Emergency anti-drought program expounded at parliament
The government's emergency program to alleviate drought effects consists of supplying drinking water to the population, safeguarding livestock and creating jobs in the rural world. Morocco, Economics, 4/19/2000 - Gulf economic forum in May Gulf, Economics, 4/19/2000
- 7.2 million foreign workers in Saudi Arabia Saudi Arabia, Economics, 4/19/2000
- US official meets Maghreban officials over economic partnership initiative
US Undersecretary for Economic Affairs Alan Larson held a meeting here Tuesday in Washington with Moroccan, Algerian and Tunisian officials over the US-Maghreban economic partnership project, known as the "Eizenstat initiative." Maghreb-USA, Economics, 4/19/2000 - Oman hosts Comex 2000
Oman will host on April 2 at Oman's center for fairs in Muscat the Comex 2000 fair, which will last for four days and display the latest products in the fields of data technology, communications and administrative business, which includes the most modern modern technology of and high speed equipment. Regional-Oman, Business, 4/19/2000 - Algeria's Sonatrach buys share of US ARCO in giant oil field
Algeria's state-owned Sonatrach oil company bought the share of the U.S. ARCCO company at the giant southeastern oil field of Rod Al-Baghl. Algeria, Business, 4/19/2000 - Belgium extends Morocco $1.2 million assistance
Belgium extended Morocco an emergency assistance of $1.2 million to alleviate drought effects. Morocco-Belgium, Economics, 4/19/2000 - Tourism professionals expect 10 million tourists in 2010
Moroccan tourism professionals are expecting 10 million tourists in Morocco in 2010, which would make of Morocco one of the 20 top tourism destinations in the world. Morocco, Economics, 4/19/2000 - Partnership for Sonatrach, Petronas Algeria-Malaysia, Business, 4/19/2000
- 950 LE increase in Egyptian exports Egypt, Economics, 4/18/2000
- Moroccan - Tunisian joint maritime commission meets in Tunis
The Moroccan - Tunisian joint maritime commission is currently convening in Tunis to finalize a cooperation agreement on sea transport. Tunisia-Morocco, Economics, 4/18/2000 - Moussa meets U.S Congressman Bill Archer on cooperation Egypt-USA, Economics, 4/18/2000
- Increase in Tunisian exports to African states Tunisia, Economics, 4/18/2000
- Moroccan minister holds talks with WB, IMF officials
During his stay in Washington where he took part in the World Bank-International Monetary Fund spring session this Apr.16-17, Moroccan Finance and Economy Minister Fathallah Oualalou held a series of meetings with top World Bank officials, including James Wolfensohn, president of the WB group. Morocco-World Bank, Economics, 4/18/2000 - Morocco stresses need to secure developing countries' interests in multilateral trade
Moroccan Economy and Finance Minister Fathallah Oualalou told Monday the 61st session of the development committee held in parallel to the World Bank-International Monetary Fund spring session, the international community ought to secure developing countries' interests in the new multilateral trade system. Morocco-International, Economics, 4/18/2000 - King Mohammed to tour drought-stricken regions
King Mohammed VI will start this Tuesday a tour to drought-stricken provinces to dedicate projects meant to curb down effects of the rainfall shortage. Morocco, Economics, 4/18/2000 - Morocco seeks more Canadian private investments
Morocco wants more Canadian private investment because Moroccan- Canadian cooperation has broken new ground by developing new instruments between private sectors of the two countries, said Moroccan Economic Forecasts and Planning Minister Abdelhamid Aouad. Morocco-Canada, Economics, 4/18/2000 - Conference on Morocco - US relations in Massachusetts
A roundtable on "Massachusetts and Morocco: United by Technology" will be held on May 19 in Boston, Massachusetts. Morocco-USA, Business, 4/18/2000 - Syrian - Lebanese symposium on informatics
Under the patronage of Bashar al-Assad, chairman of the Syrian informatics society, the Syrian- Lebanese symposium on informatics will be held in Damascus and Beirut on April 25 through 28. It is organized by the Syrian informatics society and the Lebanese gathering for informatics. Syria-Lebanon, Economics, 4/18/2000 - Jordanian king opens SOFEX 2000 fair
King Abdullah II of Jordan on Monday in Amman opened the special operations exposition Sophex 2000, which was held at King Abdullah Air Base. A large number of local and foreign companies took part in the exposition. Jordan-Regional, Business, 4/18/2000 - US hotel chain opens branch in Casablanca
The US hotel chain Marriot International, Inc. has opened a representation in Casablanca. Morocco-USA, Business, 4/18/2000 - Japan loans Morocco $70 million for two projects
The Japanese government has given its agreement for a $70 million loan to carry out two major projects in Morocco, said Japan's ambassador to Morocco, Hiromi Sato. Morocco-Japan, Economics, 4/18/2000 - $20 million in Kuwaiti loans for Namibia Kuwait-Namibia, Economics, 4/18/2000
- World Bank chairman Wolfensohn in Morocco end of April Morocco-World Bank, Economics, 4/18/2000
- Algerian, US oil contries reach agreements Algeria-USA, Business, 4/18/2000
- Algerian-Czech economic talks Algeria-Czech Republic, Economics, 4/18/2000
- Fair for Moroccan products in Egypt
A fair for Moroccan products will be held in Cairo on the margin of meetings of the Egyptian - Moroccan supreme committee in May in Cairo that will be establishing a week for the Egyptian products in Rabat. Egypt-Morocco, Economics, 4/17/2000 - World Tourism Organization convenes its meetings in Cairo Egypt-International, Economics, 4/17/2000
- Report: Iraqi attempts to resume pumping its oil through Syria
The London-based al-Sharq al-Awsat daily stated on Sunday that according to Iraqi diplomatic sources political efforts are being made by Baghdad with the Syrian government in order to permit Iraqi oil to be exported through the Syrian port of Banias on the Mediterranean. Iraq-Syria, Economics, 4/17/2000 - World Bank denies report on corruption in Egypt
Prime Minister Atef Ebeid said he received a decisive reply from the World Bank denying that it issued any report on corruption in Egypt. Egypt-World Bank, Economics, 4/17/2000 - Canadian businessmen in Morocco
A group of Canadian businessmen started Sunday a one week-visit to Morocco to explore economic partnership opportunities with Morocco. Morocco-Canada, Business, 4/17/2000 - Moroccan, French enterprise organizations agree on Morocco's investment attractiveness
Moroccan and French enterprise organizations, CGEM and MEDEF, which held in Casablanca recently the 12th session of their joint committee, agreed that Morocco is an attractive market for French capital. Morocco-France, Business, 4/17/2000 - Businessmen meeting in Kuwait on Arab free trade zone
Morocco will attend a businessmen conference to be held in Kuwait next May 6-7 to discuss issues pertaining to the Arab free trade zone project. Regional-Kuwait, Economics, 4/17/2000 - IDB helps complete Indonesian irrigation project
The Islamic Development Bank (IDB) provided $13.615 million in aid for an irrigation project in the Indonesian province of South Sulawesi, the Indonesian news agency ANTARA reported. Regional-Indonesia, Economics, 4/17/2000