Arabic News Weekly Edition for Economics, 5/22/2000
Weekly Edition, Economics - Week of May 22, 2000
- Iraq demands UN allocations to print currency Iraq, Economics, 5/27/2000
- UNCTAD: Egypt, Morocco are top African investment- attracting countries North Africa, Economics, 5/27/2000
- Omani officials head to Riyadh for Gulf states continued work on unification
The meeting agenda will cover unification of customs tariff among the Gulf Cooperation Council states (GCC) towards the outside world as well as reviewing results of the Undersecretaries of the Ministries of Finance and Economy on the review and improvement of the unified economic agreement. Gulf-Oman, Economics, 5/27/2000 - Oman tackles ways of improving administrative procedures
The six-day event is held by the Majlis al Shura would focus on the problems caused by some administrative procedures and that although the government made a lot of efforts in establishing administrative institutions, to serve the public, however the pressure of demand on services over the past years of social and economic development necessitated a comprehensive revision of the systems of rendering these services Oman, Economics, 5/27/2000 - Moroccan and French cities sign cooperation agreement Morocco-France, Economics, 5/27/2000
- Australian investments in Egypt will go high
Ambassador of Australia in Cairo Victoria Owen said the Australian investments in Egypt will go high due to the growing interest by her country's businessmen in the Egyptian investment incentives and huge facilities-offered by Egypt to lure a lot of capital flows and investments. Egypt-Australia, Economics, 5/27/2000 - Egypt qualified for more US investments
Molly Williamson, the US Deputy Assistant Secretary of Commerce, deemed her visit to Egypt one of the positive results of President Mubarak's recent trip to Washington and his talks with prominent American business people. Egypt-USA, Economics, 5/27/2000 - Iraqi plan to deal with water crisis
Chairman of the Iraqi planning commission Hassan Abdul Menem said that the commission is seeking to prepare a clear plan to withstand the water crisis. And this plan to be implemented annually and will continue until the year 2-15. Iraq-Turkey, Economics, 5/27/2000 - Living cost index progresses by 0.7% in March
Morocco's living cost index increased by 0.7% in March 2000, compared with February, and by 2.4% compared to March 1999, said the statistics department in its monthly newsletter. Morocco, Economics, 5/27/2000 - Africa's first earth satellite telecommunication station dedicated in Morocco
The station, a Global Mobile Personnel Communications systems, located on a hill overlooking the city, inter-connects 35 satellites to the region's earth communications networks, using the OBCOMM system, the first world private system that uses small satellites at low altitude to receive and send message. Morocco, Business, 5/27/2000 - Information day addresses overuse of Moroccan forests
Participants in an information day held in Casablanca Wednesday expressed concern about overuse of Moroccan forests. Morocco, Economics, 5/27/2000 - Insurance firm born of Moroccan and international corporates merger
Morocco's first holding (ONA) and world group (AXA) announced on Thursday the merging of their insurance affiliates to create "Axa Assurance Maroc." Morocco, Business, 5/27/2000 - 13.5 billion L.E of Arab investment in Egypt Egypt-Regional, Economics, 5/26/2000
- Tunisian businessmen want strong Moroccan- Tunisian trade
A leading Tunisian businessman on Thursday called Morocco and Tunisia to foster economic and cooperation ties. Tunisia-Morocco, Economics, 5/26/2000 - Iraq - Syria trade is $ 400 million
The trade volume between Iraq and Syria is $ 400 million dollars annually, formal statistic shows. Syria-Iraq, Economics, 5/26/2000 - Libya acts to link itself to Arab neighbors by railway
A Chinese company won the contract for carrying out the first stage for establishing a railway line in Libya of 3170 kilometers in coming September with the length of the first stage being 191 kilometers at a cost of $ 470 million. Libya-China, Economics, 5/26/2000 - $ 33 million of trade volume between Egypt and Morocco
An Egyptian statistic said that the trade volume between Egypt and Morocco does not exceed $ 33 million dollars. Egypt-Morocco, Economics, 5/26/2000 - Establishing the first Egyptian investment bank in Algeria
One of the Egyptian companies received initial consent from the Algerian currency council (equivalent to the central bank) for establishing a comprehensive bank named I.F.G Hermes Algeria. Algeria-Egypt, Economics, 5/26/2000 - German commercial delegation visits Iraq today
A German industrial commercial delegation is arriving today in Baghdad. The delegation comprises 60 members under the chairmanship of the head of the German industries union. Iraq-Germany, Economics, 5/26/2000 - USA commercial delgation in data technology visits Egypt
A U.S mission in field of data technology comprising 8 U.S companies in computers, software and communication industry and representatives for vocational unions that work in industry in U.S.A - is currently visiting Egypt. Egypt-USA, Economics, 5/26/2000 - Kuwaiti fund for developments resumes its activities in Sudan
The Kuwaiti fund for development decided to resume its activities in Sudan after a stoppage of 10 years due to the Sudanese position during the Iraqi invasion of Kuwait in 1990. Sudan-Kuwait, Economics, 5/26/2000 - Morocco, Quebec sign agreement in social security
The agreement entitles Moroccans living in Quebec and Canadian from the Quebec province living in Morocco to continue to benefit from retirement, old age, disability and other allowances once they leave their home country. Morocco-Canada, Economics, 5/26/2000 - Software piracy is down in Egypt
A report issued by the regional bureau of the international union for producers of computers software in Egypt - showed a decrease in the percentage of piracy in computer software in the local market. Egypt, Economics, 5/26/2000 - Economic growth stagnates in oct. - dec. 1999
Economic growth stagnated in the last three months of 1999 as the Gross Domestic Product recorded a -0.1% growth in comparison with the same period of 1998, said the statistics department Morocco, Economics, 5/26/2000 - New legislation on fisheries under scrutiny
The fishery code and sea-eco-system protection draft legislation examined Wednesday in the weekly cabinet council is based on a new approach to the development of the fishing sector, said government spokesman Khalid Alioua. Morocco, Economics, 5/26/2000 - Mubarak instructs Cabinet to improve economic performance
President Hosni Mubarak yesterday chaired a meeting with the Economic Ministerial Group followed by a full Cabinet meeting at the Presidential Palace to discuss the outcome of the current economic policies. Egypt, Economics, 5/25/2000 - Egyptian - Iranian discussions for establishing sugar factories
Egypt and Iran are holding talks for establishing 5 factories for producing sugar in Tehran at a cost of $ 150 million to be deducted from the Iranian debts to Egypt. Egypt-Iran, Economics, 5/25/2000 - Casablanca hosts Arab leather and textile forum in june
A forum of Arab leather and textile importers and exporters will be held in Casablanca next June 7-9. Regional-Morocco, Economics, 5/25/2000 - International company ready for establishing al-Wahda dam in Jordan
Kamel Mahden the Jordanian minister of water and irrigation said that his ministry is currently looking at offers from international companies which are ready to carry out the al-Wahda Dam before the end of the current year. Jordan, Economics, 5/25/2000 - Moroccan senators call on europe to help build mediterranean space
The Moroccan chamber of advisors (upper house of the Moroccan parliament) invited participants to the 2nd congress of speakers of Euro-Mediterranean parliaments to urge north Mediterranean countries to allocate the surplus of their trade with south Mediterranean countries to the building of a Mediterranean space. Regional, Economics, 5/25/2000 - Moroccan economic mission in the USA next June
A Moroccan business delegation will travel to the USA next June 26-30 to talk to their counterparts about existing business opportunities in Morocco. Morocco-USA, Economics, 5/25/2000 - Remittances of Moroccan expatriates post 14% increase Egypt, Economics, 5/25/2000
- Sudden increase for the US dollar and the Sterling in Egypt
The dollar price in the Egyptian markets jumped to reach 355 piasters in the exchange companies from 348 piasters at the Egyptian banks. Egypt, Economics, 5/24/2000 - Syrian prisoners in Israeli jails: Israel violates human rights
The Syrian Cabinet on Tuesday held a meeting chaired by the Prime Minister Muhammad Mustafa Miro. The ministers were briefed on the content of the message the prime minister had received from the Syrian prisoners of the occupied Golan in the Israeli jails. Syria, Economics, 5/24/2000 - Sudan, China sign $ 17 million accord
Sudan has concluded two contracts totaling $ 17 million with China for the purchase of power engines and irrigation water pumps. Sudan-China, Economics, 5/24/2000 - Portuguese businessmen in Morocco early June Morocco-Portugal, Economics, 5/24/2000
- Establishing an Arab company for communication Regional, Economics, 5/23/2000
- Naval line between Iran, Bahrain established Bahrain-Iran, Economics, 5/23/2000
- Moroccan- Egyptian trade chambers pass cooperation agreements
The Moroccan and Egyptian trade chambers passed Sunday evening six cooperation agreements meant to consolidate trade exchanges between the two states. Egypt-Morocco, Economics, 5/23/2000 - Telecom Italia interested in partnership with Maroc telecom Morocco-Italy, Business, 5/23/2000
- Government pledges to reduce foreign debts
"The government is committed to reduce Egypt's foreign debt," Prime Minister Atef Ebeid said yesterday. Egypt, Economics, 5/23/2000 - Moroccan telecom firm posts $ 234 mln in net profit
Moroccan telecom firm, Maroc-Telecom(IMA), posted $ 234 million in net profit in 1999. Morocco, Business, 5/23/2000 - Morocco, Canada to cooperate in electronic post
Morocco and Canada may conclude shortly a cooperation agreement in electronic post, a system of electronic distribution that the Canadian posts company has devised for transactions and telecommunications. Morocco-Canada, Economics, 5/22/2000 - US diplomat pleads for American support to Morocco
US ambassador to Morocco, Edward Gabriel, pleaded for more American support to Morocco and for an effective partnership between the two countries. Morocco-USA, Economics, 5/22/2000 - Malaysia hosts third Asia- Africa forum
The Malaysian capital city of Kuala Lumpur will host Thursday the Third Asia-Africa Forum, Malaysian news agency BERNAMA reported on Monday. Regional, Economics, 5/22/2000 - Malaysia's Islamic Insurance Firm to Start Business in Saudi Arabia
Malaysia's Islamic insurance company "Takaful Nasional Sdn Bhd" is now cooperating with a bank in Saudi Arabia to start takaful (Islamic insurance) Saudi Arabia-Malaysia, Economics, 5/22/2000