Arabic News Weekly Edition for Economics, 5/15/2000

Weekly Edition, Economics - Week of May 15, 2000

• Morocco - Egypt start preperations to boost weak trade
  Morocco and Egypt will start today in Cairo preparatory meetings for their High Joint Commission's 4th session, to be co-chaired next week in the Egyptian capital city by King Mohammed VI and President Hosni Mubarak. Egypt-Morocco, Economics, 5/20/2000
• Syria, Iraq for boosting industrial cooperation Syria-Jordan, Economics, 5/20/2000
• Moroccan, Tunisian business council meets
  The Moroccan - Tunisian business council held in Casablanca Friday a meeting to examine means to enlarge the list of goods exchanged between the two Maghreban states. Morocco-Tunisia, Economics, 5/20/2000
• Morocco, Palestine Probe Transport Cooperation Morocco-Palestine, Economics, 5/20/2000
• Algerian officials in Washington promote economic cooperation and investment
  A forum held Friday by the Corporate Council on Africa on the theme "Investing in Algeria" allowed Algerian minister of reform, Hamid Temmar to present to American potential investors an overview of the Algerian economy Algeria-USA, Economics, 5/20/2000
• Moroccan tourism operators to visit Egypt
  Representatives of several travel and tourism agencies operating in the south of Morocco will visit Egypt next week to explore with Egyptian peers cooperation opportunities in tourism. Egypt-Morocco, Business, 5/20/2000
• Moroccan- Egyptian trade commission meets in Cairo Egypt-Morocco, Economics, 5/19/2000
• 4 offer to purchase the Egyptian Simaf Egypt, Business, 5/19/2000
• Morocco expresses readiness for new fisheries partnership with Europe
  Prime Minister Abderrahmane Youssoufi on Thursday expressed Morocco's readiness for a new partnership with the European Union (EU) for the implementation of a national plan for the modernization of Morocco's fisheries sector. Morocco-European Union, Economics, 5/19/2000
• Exporting Egyptian rice to Libya for 3 years
  The Egyptian economy ministry agreed on exporting Egyptian rice for 3 years to Libya according to the signed understanding note between the Egyptian government and the Libyan public committees which aims at providing Libya with its needs of rice. Egypt-Libya, Economics, 5/19/2000
• African Development Bank extends Tunisia 82 million euro loan Tunisia, Economics, 5/19/2000
• Prime minister receives manager of India's Oberoi group
  Moroccan Prime Minister Abderrahmane Youssoufi met in Rabat Thursday president of the Indian group "Oberoi." Morocco-India, Business, 5/19/2000
• Arab investment conference opened in Beirut
  The 5th conference on investment and the Arab capital markets was opened in Beirut on Thursday. It is attended by Arab economic establishments. Lebanon, Economics, 5/19/2000
• Iraq exports at 2 million barrels of oil per day
  An Iraqi oil source said on Thursday that Iraq exports at the meantime almost 2 million barrels of oil per day in the framework of the oil for food agreement. Iraq, Economics, 5/19/2000
• Supporting commercial cooperation between Tunis and Britain
  British Trade Secretary Richard Caborn is concluding today his visit to Tunis which aimed at increasing trade between the two countries. Tunisia-UK, Economics, 5/19/2000
• Egypt: Cairo hosts the first fair for African - Asian products
  The Egyptian organization for international markets and fairs is currently making arrangements for establishing a fair for products of the African - Asian countries on May 30 for 10 days in which more than 50 African, and Arab countries are participating. Egypt-Regional, Business, 5/19/2000
• Rabat- Casablanca railway traffic restored after collision between goods trains Morocco, Economics, 5/19/2000
• Egyptian - Belgium cooperation in the petroleum field
  Belgian businessmen started a 4-days visit to Egypt yesterday to discuss establishing joint projects in the field of petroleum refinement and its byproducts. Egypt-Belgium, Economics, 5/19/2000
• International hotel and catering equipment exhibition opens in Casablanca Morocco, Business, 5/19/2000
• Morocco participates in fair on water technologies in italy Morocco-Italy, Business, 5/19/2000
• Morocco, Spain sign partnership agreement
  The Tangier chamber of commerce, industry and services and the Spanish region of Guadalquivir signed in Tangier Thursday a partnership agreement to enhance cooperation between the two regions in economic, social and industrial sectors. Morocco-Spain, Economics, 5/19/2000
• Moroccan Air Carrier and Canada-based Moroccans' Federation sign agreement
  Moroccan air carrier "Royal Air Maroc" and the Moroccan Federation of Canada, grouping associations representing Moroccans living in Canada, signed on Wednesday a "partnership convention." Morocco-Canada, Business, 5/19/2000
• African Development Bank postpones annual meetings due to Ethiopia- Eritrea war Regional, Economics, 5/19/2000
• Swiss business delegation in Algiers Algeria-Switzerland, Business, 5/18/2000
• Dutch businessmen to visit Morocco Morocco-Netherlands, Economics, 5/18/2000
• Moroccan interior minister meets British trade secretary
  Moroccan interior minister, Ahmed El Midaoui, met in Rabat Wednesday British trade secretary, Richard Caborn, who is visiting Morocco this May 16-18 at the head of a business delegation. Morocco-UK, Economics, 5/18/2000
• King Mohammed meets EU agriculture and fisheries commissioner
  King Mohammed VI received in Rabat Thursday Franz Fischler, European agriculture and fisheries commissioner, who was accompanied by the head of the European Commission in Rabat, Lucio Guerrato, and general manager of fisheries at the Commission, Stessen Smidt. Morocco, Economics, 5/18/2000
• Economic relations between Syria, Iraq reviewed
  Syrian minister of the economy and foreign trade Muhammad al-Imadi on Wednesday in Damascus discussed with his Iraqi counterpart Muhammad Mahdi Saleh trade and economic relations between Syria and Iraq and means of revitalizing them in the framework of the UN food for oil agreement. Syria-Iraq, Economics, 5/18/2000
• Morocco provides favorable climate for investment, Egyptian economic operator
  Morocco offers a propitious environment for investments and the economic progress achieved by Morocco in the recent years suggests a promising future for foreign investments in the country, said an Egyptian businessman. Egypt-Morocco, Economics, 5/18/2000
• New currency exchange center opened in Damascus
  The Syrian minister of the economy and foreign trade Dr. Muhammad al-Imadi on Thursday opened a new branch for foreign currency exchange at the entrance of Souk al-Hamadeyah, as a measure to encouraging tourists at the beginning of the tourism season and in line with the issuance of recent legislative decrees, especially in the domain of encouraging investment. Syria, Economics, 5/18/2000
• Arab states electric grid expands
  The minister of electricity in the five electricity grid states, Syria, Jordan, Egypt, Iraq and Turkey, as well as Lebanon and Libya on Tuesday in Amman concluded their 7th meeting. Regional, Economics, 5/17/2000
• Egyptian support for the Lebanese stance
  Egyptian planning minister Ahmed El-Barsh said today "we came to Lebanon to support all aspects of cooperation in all fields and to create a machinery for exchanging the economic, commercial and investment information as well as reconstructing the basic structure in Lebanon that were destroyed by the Israeli aggression." Lebanon-Egypt, Economics, 5/17/2000
• Mascut hosts meetings of the Iranian - Omani committee
  An Omani official source said that the seventh meeting of the joint Omani - Irani committee will discuss developing commercial and economic relations between the two countries through the commercial draft agreement and the agreement of encouraging, protecting investments in addition to establishing a commercial bureau for the sultanate of Oman in Iran. Oman-Iran, Economics, 5/17/2000
• Japanese volunteers contribute to socio-economic development in Morocco Morocco-Japan, Economics, 5/17/2000
• Beirut hosts Arab conference on capital markets Regional-Lebanon, Economics, 5/17/2000
• Syrian, Jordanian cooperation on al-Wahda dam is strong
  The Jordanian minister of waters and irrigationKamil Mahadin said "cooperation between us and Syria is strong in al-Wahda dam and we could achieve 80% of the dam construction steps." Jordan-Syria, Economics, 5/17/2000
• British commercial mission in Saudi Arabia
  Delegates of a mission from the British companies (16 companies) that are currently visiting Saudi Arabia till the 22nd of the current month are discussing contracting commercial transactions after the changes adopted by Saudi Arabia in the new foreign investment law Saudi Arabia-UK, Business, 5/17/2000
• Syria takes part in Germany's Expo 2000
  The Syrian pavilion at the expo. 2000 exhibition that will be held on June 1st, 2000 in Hanover, Germany has completed its measures for inauguration. Syria-Germany, Economics, 5/17/2000
• Information Technologies Could Create 70,000 to 100,000 Jobs
  Information technologies could create 70,000 to 10,000 jobs in the five to six years to come, said chairman of Moroccan association of information technologies professionals(APEBI), Khalid El Hariri. Morocco, Economics, 5/17/2000
• Non-oil Saudi exports in the first half of 1999 Saudi Arabia, Economics, 5/17/2000
• Al-Assad issues budget law for the year 2000
  President Hafez al-Assad on Monday issued law no 8 for 2000 pertaining to the state's general budget for the year 2000. Syria, Economics, 5/16/2000
• COMESA Summit reviews preparations for free trade zone
  Foreign Minister Amr Moussa will leave Cairo on Tuesday for Mauritius to lead Egypt's delegation to the fifth Summit of the Economic Forum of the Common Market for Eastern and Southern Africa (COMESA), due to start on Wednesday and last for three days. Egypt, Economics, 5/16/2000
• Palestinian public works minister in Morocco Morocco-Palestine, Economics, 5/16/2000
• Opening a commercial British fair in Tripoli
  A British commercial fair was opened in Tripoli yesterday which is the first of its sort since halting the sanctions on Libyan in April 1999. Libya-UK, Economics, 5/16/2000
• Morocco in Italian Fisheries Fair Morocco, Economics, 5/16/2000
• Regional electric network countries meet to expand grid
  The seventh meeting of the electricity and power ministers of the five fold electric network link states Egypt, Syria, Jordan, Iraq and Turkey started in Amman. Regional-Egypt, Economics, 5/16/2000
• OAPEC ministers in Cairo in end of May aim at oil price discussions
  Organization of Arab Petroleum-Exporting Countries (OAPEC) will convene a ministerial meeting in Cairo on 29th of current May. Regional, Economics, 5/16/2000
• Tunisian gets European bank loan
  The European Investment Bank (EIB) and Tunisia signed on Saturday in Tunis two loan agreements worth 50 million Euro. Tunisia, Economics, 5/15/2000
• A fair for the joint Arab market in Damascus in June Syria, Business, 5/15/2000
• Al-Assad issues directive to attract Arab and foreign investment
  Syrian President Hafez al-Assad on Saturday issued the legislative decree no 7 for the year 2000. It provides for the amendment of 10 articles of the law no 10 on encouraging investment released in 1991. Syria, Economics, 5/15/2000
• Some 32 million unemployed Arabs in the year 2010
  The director general of the Arab Labor organization Ibrahim Qweider has stressed that Arab development process is facing tremendous challenges by the beginning of the third millennium and that production establishments and the Arab business men organizations are called on to carry out an important role in withstanding these challenges. Regional, Economics, 5/15/2000
• Egyptian banks performance reactivate the market
  The international financial institutions laid confidence in Egypt's economy and hailed the efforts exerted by the government in boosting investment and pursuing economic reform programs. Egypt, Economics, 5/15/2000
• Chairman of yemen central bank heads to lebanon for arab banks union meeting Yemen-Lebanon, Economics, 5/15/2000

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