Arabic News Weekly Edition for Economics, 6/26/2000
Weekly Edition, Economics - Week of June 26, 2000
- Meetings of the Egyptian - Palestinian committee July Egypt-Palestine, Economics, 7/1/2000
- Casablanca water utility makes $80 mln-long term loan from Moroccan banks Morocco, Economics, 7/1/2000
- Egyptian ministerial meeting for discussing Arab - European partnership
Egyptian Prime Minister Atef Ebeid is convening two ministerial meetings tomorrow with the specialized committee with the Arab - European partnership and the economic ministerial group. Egypt, Economics, 7/1/2000 - Moroccan agriculture minister expected in London Sunday
Moroccan minister of agriculture, rural development and sea fisheries, Habib El Malki, is expected Sunday in London, for a three day work visit. Morocco-UK, Economics, 7/1/2000 - German businessmen hear presentation on privatization of Moroccan phone operator
Moroccan minister of public sector and privatization, Rachid Filali, explained before a panel of German businessmen modalities in the projected privatization of Morocco's telecom operator "Maroc-Telecom." Morocco, Economics, 7/1/2000 - Egypt's political, economic stability lures foreign investments
Egypt's Chairman of the General Authority for Investment and Free Zones Mohammad A1 Ghamrawi said the Egyptian political an economic stability is considered one of the most attractive factors for the foreign investments into Egypt. Egypt, Economics, 7/1/2000 - Morocco, Japan examine cooperation in fisheries
Means to enhance bilateral cooperation in the field of fishery were probed at a meeting here between a delegation of the Japanese international cooperation agency JICA) and Moroccan fishery minister, Thami El Khayari. Morocco-Japan, Economics, 7/1/2000 - Construction of car-cable plant in Tangiers to boost exports
Morocco's King Mohammed VI on Friday afternoon launched in the Tangiers export-free area the construction works of a car-cable plant by Japanese-multinational "Yazaki." Morocco, Economics, 7/1/2000 - Egypt's natural gas reserves sufficient for 100 years
"Egypt's natural gas reserves, estimated at 45 trillion cubic meters, are sufficient for the local needs for 100 years," said Minister of Petroleum Sameh Fahmi he added that the Oil Ministry has prepared the first comprehensive plan for establishing a modern petrochemical industry, and assured that the scheme would be strongly supported by President Hosni Mubarak. Egypt, Economics, 7/1/2000 - Marrakesh Hosts International Tuna-Fish Preservation Conference
Marrakesh is hosting next November 12-20 the 12th session of the international committee for the preservation of tuna-fish in the Atlantic Ocean. Morocco, Business, 7/1/2000 - Morocco's phone operator reaches one million gsm subscribers
Morocco's phone operator "Maroc Telecom" announced on Thursday it has recorded its first one millionth mobile subscriber. Morocco, Business, 7/1/2000 - Washington commits $ 6.6 million to economic development in Morocco
Morocco and the United States signed on Friday an agreement under which Washington donates Morocco $6.6 million to finance and promote a series of projects and activities in support of Morocco's economic development. Morocco-USA, Economics, 7/1/2000 - Moroccan ports post record traffic volume in 1999
Morocco's ports recorded in 1999 a record traffic of 52.9 million tons, an increase by 9.7% compared to 1998, and a turnover of $ 197.7 million. Morocco, Economics, 7/1/2000 - Lebanon deny US accusation on money laundering
In a report by the US, Lebanon was placed by the US on a list of countries that are uncooperative in combating money laundering efforts. Lebanon, Economics, 7/1/2000 - Oman and India will establish fertilizers factory next year Oman-India, Economics, 7/1/2000
- Hunger-striking jobless graduates in critical condition
A group of 12 jobless Moroccan graduates who have been on hunger strike for nearly 20 days are now in a "critical" condition, doctors said in Rabat Wednesday. Morocco, Economics, 7/1/2000 - Some 70 Moroccan women get seasonal jobs in Spain
Some 70 Moroccan women were hired as seasonal workers in Spanish fruit sector, under an agreement signed in 1997 between the Moroccan and Spanish governments. Morocco-Spain, Economics, 7/1/2000 - Waters issue between Jordan and Israel
A high ranking Jordanian side denied on Wednesday Israel to have had informed Jordan its determination to stop the sharing of some 30 million cubic meters of Jordan ' s share of Tiberies waters, according to what have been stated by the Israeli papers during the past few days. Jordan-Israel, Economics, 6/29/2000 - Malaysia hosts Muslim exhibition Regional-Malaysia, Business, 6/29/2000
- IFC Creates Moroccan Private Equity Fund
A new US $ 21 million private equity fund has been created to invest in small and high-growth-sector companies mainly in Morocco and also in Algeria and Tunisia. Maghreb-USA, Economics, 6/29/2000 - WB extends loans to Mali, Algeria, Tunisia
The World Bank announced on Wednesday a series of loans to Mali, Tunisia and Algeria to boost the economic situation in the three African countries. Maghreb, Economics, 6/29/2000 - 1st quarter of 2000 records 13% increase in foreign tourists in morocco Morocco, Economics, 6/28/2000
- Islamic countries have the resources to match the west, scientist
Islamic nations have the resources and the capabilities to be on par with the developed countries of the world as they own 50 % of the world's oil resources and 40 % of global agricultural output, a Muslim scientist was quoted as saying Wednesday by the Malaysian news agency Bernama. Regional, Economics, 6/28/2000 - Sudanese president inaugurates oil production service centers
Sudanese President Omar al-Bashir on Tuesday opened the oil" Salvation" complex, on the occasion of the 10th anniversary of the national salvation revolution.. Sudan, Economics, 6/28/2000 - OIC to agree on reforms to international financial architecture Regional, Economics, 6/28/2000
- Building economic bloc is biggest challenge for Arabs
The biggest challenge that the Arab world will have to face in the third millenium is to build an economic bloc comprising all Arab countries and all productive sectors, said Moroccan minister delegate in charge of economic forecasts and planning, Abdehamid Aouad. Morocco, Economics, 6/28/2000 - New measures to activate Money Market
Egypt's Prime Minister Atef Ebeid said the government will take some measures to activate the money market and push forward its privatization program through selling some shares of the communication and oil firms next week. Egypt, Economics, 6/28/2000 - Euro fall will not affect Moroccan economy, minister
The fall of Euro will have no effect on Morocco's economy except for some export sectors, said Moroccan economy and finance minister, Fathallah Oualalou. Morocco, Economics, 6/28/2000 - Ram, US Delta air lines sign code sharing agreement Morocco-USA, Economics, 6/28/2000
- Egypt ranks first in African GDP
Reports of World Economic Forum on competitiveness of African countries asserted that Egypt tops the list in respect of increase of the GDP to the tune of $8 billion. Egypt, Economics, 6/28/2000 - $ 3.5 million earmarked for medicinal and aromatic herbs institute
A budget of $ 3.5 million was earmarked for the project to set up a national institute of medicinal and aromatic herbs in Taounat (near Fez), said Moroccan minister of higher education, executive training and scientific training, Najib Zerouali. Morocco, Economics, 6/27/2000 - Seminar on competitiveness in morocco held in Casablanca Morocco, Economics, 6/27/2000
- Jeddah hosts meeting on international Islamic stock market
The setting up of an international Islamic stock market topped the agenda of a meeting held last Saturday in Jeddah (Saudi Arabia). Regional, Economics, 6/27/2000 - Moroccan premier urges for fair rules of multilateral trade
Moroccan premier, Abderrahmane Youssoufi, on Monday urged for "fair trade rules" and for new financial and monetary regulation means. Morocco-Regional, Economics, 6/27/2000 - Germany extends Morocco loans and donations worth $ 185 ml dm
Germany will extend Morocco loans and donations of a total amount of 185 million DM ($ 110 mln) for years 2000 and 2001 to carry out development projects. Morocco-Germany, Economics, 6/27/2000 - Three killed in a refinery explosion in Kuwait
The explosion took place on Sunday morning in the Kuwaiti refinery in al-Ahmadi resulted in killing three persons and wounding other 43. Kuwait, Economics, 6/26/2000 - Egypt plans to update commerce legislation
Egypt's prime minister Atef Ebeid said Sunday that a draft bill to develop trade systems would be referred to Parliament. The present law was issued more than 50 years ago. Egypt, Economics, 6/26/2000 - Egypt, China seek to redress trade imbalance
Egypt and China yesterday concluded talks that aimed at ending deficit in the two countries' balance of trade. Egyptian President Hosni Mubarak received China's Minister of Foreign Trade and International Cooperation Che Giang Chang at the end of his visit to Cairo. Egypt-China, Economics, 6/26/2000