Arabic News Weekly Edition for Economics, 5/8/2000

Weekly Edition, Economics - Week of May 8, 2000

• Egypt raises an international bid for developing three airports Egypt, Economics, 5/13/2000
• Moroccan authorities to ease land registration procedures for expatriates
  The Moroccan administration of real estate registration and cartography has announced a series of measures to ease procedures for Moroccan expatriates. Morocco, Economics, 5/13/2000
• Oil investments in Yemen should be encouraged Yemen-United Arab Emirates, Economics, 5/13/2000
• Oman - Yemen to increase trade as Muscat receives delegation
  Deputy President of Oman Chamber of Commerce and Industry Jamil bin Ali Sultan received in Muscat today a trade delegation from Yemen (Wadi Hadramout and Desert chamber of commerce and industry). The thirty-man strong delegation is headed by Ahmed al Saqaf, Chairman of the Chamber. Oman-Yemen, Economics, 5/13/2000
• Gulf states threaten end of free trade negotiations with Europe
  Arab Gulf Cooperation Council states threatened to stop the commercial negotiations with the European Union and canceling the signed cooperation agreement between the two sides in 1998 if the European side rejects their proposals concerning signing an agreement on free trade. Gulf-European Union, Economics, 5/13/2000
• Poverty alleviation and lasting development in Africa on top of ADB vision Regional, Economics, 5/13/2000
• Morroco prepares consumer protection laws
  Moroccan Premier Abderrahmane Youssoufi announced the government is currently preparing laws to protect consumers, in coordination with all concerned sides. Morocco, Economics, 5/13/2000
• Egypt: Raises 20 percent of Egyptian communication companies for sale
  The Egyptian government agreed on raising 20% of the communications companies and categories from the petroleum refinement and distribution companies as well as some of the business sector companies - for sale till end of the current year. Egypt, Economics, 5/13/2000
• Seminar on gulf joint ventures in Bahrain
  A two-day seminar will be organized by the Arab Gulf states AGCC Secretariat-General to encourage Gulf Joint projects and integration Gulf-Bahrain, Economics, 5/13/2000
• Cereal output expected to decline by 50%
  Cereal output in Morocco will not exceed 1.85 Million tons this year, recording a 50 % drop compared to the 1999 harvest which was already affected by a severe drought, announced minister in charge of relations with the parliament and acting spokesman of the government, Mohamed Bouzoubaa. Morocco, Economics, 5/13/2000
• Algeria urges the European union to present urgent aids Algeria, Economics, 5/13/2000
• Luxor hosts Italian tourism companies next Wednesday Egypt, Economics, 5/12/2000
• Prime Minister Ebeid address Egypt's major economic challenge on debt
  Ebeid said the Cabinet will intensify its activities in order to refer several issues to the People's Assembly to have them passed before the Assembly ends its session. Egypt, Economics, 5/12/2000
• A fair for products of the G-15 summit countries in Cairo
  It was decided on organizing a special fair for products of the G-15 summit countries that will be held in Cairo in June that will discuss means of supporting cooperation mechanisms among member countries in the different fields. Egypt, Economics, 5/12/2000
• 46 British companies discuss investming in Egypt Egypt-UK, Economics, 5/12/2000
• Saudi Arabia expects three million tourists Saudi Arabia, Economics, 5/12/2000
• Saudi businessmen delegation to visit U.K to promote investment
  The trade, industrial and agricultural chambers union in Saudi Arabia will organize a forum for investment in Saudi Arabia in cooperation with the Arab - British trade forum. Saudi Arabia-UK, Business, 5/12/2000
• A fair for the Emirates industries in Algeria Algeria-United Arab Emirates, Economics, 5/12/2000
• 100 companies in the Mediterranean market for tourism in Tunis Tunisia-Regional, Business, 5/12/2000
• Egyptian- Libyan joint committee to be convened within two months
  Contacts have been made to convene the meetings of the 3rd session of the joint Supreme Libyan- Egyptian committee under the chairmanship of the two states' prime ministers in Tripoli, within the two coming months. Libya-Egypt, Economics, 5/12/2000
• Italian company purchases the Tunisian Cement Company Tunisia, Business, 5/12/2000
• Increase in traffic of Arab air lines companies
  Arab airlines companies achieved a strong increase in passenger traffic in the last year amounting to 8%. Regional, Business, 5/12/2000
• 600 million dollars is volume of the Egyptian - Chinese trade Egypt-China, Economics, 5/12/2000
• 15 million dinars of foreign investment in Amman stock market Jordan, Economics, 5/12/2000
• British tourism companies to convene in Egypt in 2002
  The union of the British tourism companies (ABTA) decided to convene its meeting in Cairo in year 2002. Egypt-UK, Economics, 5/12/2000
• Kuwait asks Iran 's mediation over border disputes
  Kuwait has asked for the mediation of countries to settle a dispute with Iran pertaining to a gas field the countries call for having control on. Kuwait-Iran, Economics, 5/12/2000
• An international conference for petroleum industry in Bahrain Bahrain-Gulf, Economics, 5/12/2000
• An Egyptian week in Japan Egypt-Japan, Economics, 5/12/2000
• A tour for Saudi crown prince in Latin America Saudi Arabia, Economics, 5/11/2000
• Jordanian apology to Syria for the leakage of waste waters Syria-Jordan, Economics, 5/11/2000
• Egypt participates in Baghdad international fair in coming November Iraq-Egypt, Economics, 5/11/2000
• Algerian government council's adopts bills relating to post and telecommunications
  The government council examined and adopted a bill fixing the general rules relating to the post office and telecommunications presented by Mister the minister of post offices and telecommunications. Algeria, Economics, 5/11/2000
• Moroccan home minister says strong economy is solution to illegal emigration
  Moroccan home minister, Ahmed El Midaoui, talking at the House of Representatives' question time, the minister said a strong economic performance provides jobs to unemployed persons. He argued that the solution does not lie in repression but through giving to the youth an adequate training meeting the job market needs. Morocco, Economics, 5/11/2000
• Bahrain - Saudi Arabia financial sector cooperation Bahrain-Saudi Arabia, Economics, 5/11/2000
• Egyptian economy minister deny problems due to computer virus Egypt, Economics, 5/11/2000
• Morocco, Cote d'Ivoire probe cooperation in energy Morocco-Cote D'Ivoire, Economics, 5/11/2000
• Value of UAE Reexports to Iran over $ 6 million in 1st Quarter Abu Dhabi
  The value of the UAE reexports to Iran in the first quarter of 2000 is six million dollars according to a report released by the Abu Dhabi Customs Office on Thursday, IRNA reported, ranking Iran third after Saudi Arabia and Qatar. United Arab Emirates-Iran, Economics, 5/11/2000
• Seven foreign companies want to buy into the Moroccan Communication Company
  Seven foreign companies expressed interest in purchasing a majority share in the Moroccan Communication Company, which is owned by the state as the Moroccan government partially raised the company for privation. Morocco, Economics, 5/11/2000
• Moroccan- Spanish forum on wind power held in casablanca
  A Moroccan-Spanish forum on was held Casablanca May 9-10 to explore partnership opportunities between Moroccan and Spanish industrialists in wind power Morocco-Spain, Economics, 5/11/2000
• ADB chair, king Mohamed behind African unanimity
  Outgoing chairman of the African Development Bank (ADB) group Omar Kabbaj said the unanimous decision of 77 African member countries to keep him on top for another five years is the result of king Mohammed VI's personal involvement. Regional, Economics, 5/11/2000
• Trade relations boost between Saudi Arabia, Ireland Saudi Arabia-Ireland, Economics, 5/11/2000
• Protex maroc signs agreement with french firm socafix Morocco, Business, 5/11/2000
• UN releases latest figures on oil-for-food programme for Iraq Iraq, Economics, 5/11/2000
• Egyptian oil minister: Plan to attract $20 billion in Arab and foreign investments
  Egyptian Oil Minister Sameh Fahmi stated that the petroleum sector is currently studying a new plan to attract Arab and foreign investments of $20 billion to establish major petroleum projects during the coming 10-15 years. Egypt-Kuwait, Economics, 5/10/2000
• Slump in Moroccan exports due to weaker euro against US dollar Morocco, Economics, 5/10/2000
• Egyptian economy picture is not dim
  In a three-hour panel meeting with Middle East News Agency (MENA) staff, Gamal Mubarak, National Democratic Party General Secretariat member, reflected on current status of Egyptian economy against the backdrop of a highly competitive world economy. Egypt, Economics, 5/10/2000
• A seminar on Syrian- Turkish trade relations
  Syrian Minister of Economy and Foreign Trade Muhammad al-Imadi on Tuesday in Damascus stated the he hopes that the Syrian- Turkish joint committee currently in session will consolidate fruitful cooperation between the two countries. Syria-Turkey, Economics, 5/10/2000
• Egypt's external debts dropped to $28,192,000,000
  Egypt’s external debts dropped to$28,192,000,000 at the end of last January against $28,761,000,000 by the end of last December and against $32,965,000,000 in the fiscal year 1994/1995,according to the the monthly economic periodical issued by the ministeryof Economy and Foreign Trade. Egypt, Economics, 5/10/2000
• Moroccan artisans to form their professional association Morocco, Economics, 5/10/2000
• 92 Egyptian governmental companies to be raised for sale by end of year Egypt, Economics, 5/9/2000
• Iran says will help rebuild damaged Lebanese power plants Lebanon-Iran, Economics, 5/9/2000
• Egypt asserts difficulty of establishing joint Arab market
  Egyptian Foreign Minister Amr Moussa said in press statements today that reaching a joint Arab market is currently difficult regarding the different trends among the Arab states. Egypt-Regional, Economics, 5/9/2000
• Syrian -Turkish joint committee meets on economic trade cooperation
  Under the chairmanship of Syrian Minister of the Economy and Foreign Trade Muhammad al-Imadi and Turkish Minister of State for Economic Affairs Recep Onal, the joint Syrian- Turkish committee on trade, technical, scientific and economic cooperation started on Monday in Damascus its deliberations at the central bank. Syria-Turkey, Economics, 5/9/2000
• Aznar calls for more Spanish investments in Morocco
  Spanish Premier Jose Maria Aznar, who is currently on an official visit to Morocco, on Monday called his country's businessmen to invest more in Morocco. Morocco-Spain, Economics, 5/9/2000
• WTO wants Africa's tourism potentials exploited
  Africa should work out a strategy to exploit its rich and diverse tourism resources in order to benefit from the increasing "lucrative" income that global tourism is projected to generate in the next 20 years, a senior executive of the World Tourism Organization said Monday. Regional-Africa, Economics, 5/9/2000
• Visiting Portuguese minister Coelho meets Cabinet members
  The visiting Portuguese minister to the presidency and social equipment, Jorge Coelho, met in Rabat Monday Moroccan peer Bouamour Taghouane and several other Cabinet members. Morocco-Portugal, Economics, 5/9/2000
• 700 million FF debt-swap set in motion
  The Moroccan and French governments have started implementation of the March 21st agreement swapping a third batch of Moroccan debt worth 700 million FF into private investments in the kingdom. Morocco-France, Economics, 5/9/2000
• UAE invests in Djibouti port
  An agreement was signed in Dubai on Monday, giving the Dubai Port Authority the right to administrate and invest in the international Port of Djibouti for 20 years. Djibouti-United Arab Emirates, Economics, 5/9/2000
• International Finance Corporation approves investment in Jordanian bank
  The International Finance Corporation (IFC) aims to spur modernization of domestic commercial banking services in Jordan and foster regional banking relationships throughout the Middle East with an investment in Middle East Investment Bank (MEIB). Jordan-International, Business, 5/9/2000
• $21 million US for developing basic Palestinian infrastructure
  The Palestinian economic council agreed on the third stage of the basic infrastructure projects for the villages and cities located in the Palestinian Authority's self-rule areas at a total cost of nearly $21 million that includes 17 cities in the West Bank and Gaza Strip. Palestine, Economics, 5/9/2000
• Tunis to host Arab conference for communications
  The third Arab conference for electronics will be held in Tunis on May 25- 27 under the title, "The electronic industries in shadow of the region." The conference is organized by the Arab organization for industrial development and mining in cooperation with the Tunisian Industry Ministry. Regional-Tunisia, Business, 5/8/2000
• Works of Moroccan - Egyptian commercial committee start in Cairo
  The 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, 5/8/2000
• Establishing the first Egyptian - Sudanese business council Egypt-Sudan, Economics, 5/8/2000
• Lebanese- Egyptian electricity cooperation Egypt-Lebanon, Economics, 5/8/2000
• Urgent economic measures in Syria to shore economy
  The BBC's correspondent in Damascus said on Saturday that the new Syrian government is trying to alleviate as much as possible the number of the unemployed and to lessen fears of increased unemployment in an atmosphere of clear economic recession. Syria, Economics, 5/8/2000
• Pushing forward Egyptian economy guarantees Egypt’s future
  "Pushing forward the Egyptian economy poses a basic step, probably the only step, that will guarantee Egypt's future and an effective role in the Middle East region," said Egypt's Foreign Minister Amr Moussa Sunday. Egypt, Economics, 5/8/2000
• Government discusses activating agreements signed in political, economic fields
  A ministerial meeting was held Sunday under the chairmanship of Prime Minister Atef Ebeid to discuss activating agreements signed between Egypt and other countries and agreements signed with international governmental and non-governmental organizations. Egypt, Economics, 5/8/2000
• Moussa asks business group to be accountable for results of its work
  Egyptian Foreign Minister Amr Moussa asked Mohammed El-Ghamarawi, head of the organization for investment, to announce to the public the results of the previous seven investment conferences for Egyptian businessmen abroad. Egypt, Business, 5/8/2000
• Egypt's attractive investment opportunities
  Prime Minister Atef Ebeid said the government is prepared to shoulder initial costs of preparations for opening foreign markets before Egyptian exports, adding that Egypt is prepared to accept the effective supervision by foreign importation offices on rehabilitating the Egyptian products for exportation. Egypt, Economics, 5/8/2000
• Portuguese equipment minister in Morocco
  Portuguese minister of equipment, Jorge Coelho, arrived in Rabat this Monday on a two-day official visit to Morocco. Morocco-Portugal, Economics, 5/8/2000
• Trade boosted between Iraq, Egypt
  An Egyptian official announced on Sunday in Baghdad that contracts valued at US $100 million were signed on the sidelines of the Egyptian trade exposition currently being held in Baghdad. Egypt-Iraq, Economics, 5/8/2000
• Egypt's role in achieving peace, praised Egypt-Denmark, Economics, 5/8/2000
• $24 million to establishing resort in Tunis
  The international tourism company Robinson Club decided to establish a luxury resort in the Tebrka tourism area, 170 kilometers north of the Tunisian capital. Tunisia, Business, 5/8/2000
• Emirates airline starts development plan United Arab Emirates, Business, 5/8/2000
• Egyptian association for protecting computer users Egypt, Economics, 5/8/2000
• Turkish - Israeli joint water project
  Turkey has asked Israeli companies to take part in a large water project to be erected on the southern borders with Iraq. Turkey-Israel, Economics, 5/8/2000
• SABIC official on investing in Iran Saudi Arabia-Iran, Economics, 5/8/2000

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