Arabic News Weekly Edition for Economics, 7/10/2000
Weekly Edition, Economics - Week of July 10, 2000
- Saudi - Syrian holding company at a capital of US $ 100 million
After the press conference held on Friday at the Damascus Sheraton hotel by four groups of Saudi investment companies after they announced the establishment of the Arab holding investment company under the rules of the investment law no 10 for 1991 and its amendments at a capital of US $ 100 million. Syria-Saudi Arabia, Economics, 7/15/2000 - Egypt-South Africa trade, investment vistas enhanced
Egypt's Foreign Minister Amr Moussa on Friday said he will hand to South Africa's President Thabo Mbeki a message from President Hosni Mubarak during his three-day visit to South Africa, due to start Wednesday. Egypt-South Africa, Economics, 7/15/2000 - Prince Charles helps in Lebanon's development projects
British Crown Prince Charles has expressed his backing to new projects for urban development and organization in Lebanon especially in the city of Beirut, especially in the context of activities carried out by the work team for urban planning the British prince established in 1997. Lebanon-UK, Economics, 7/15/2000 - Energy and mining minister meets Spanish official
Energy and mining minister Youssef Tahiri met in Rabat Friday visiting Spanish secretary of state to foreign affairs. Morocco-Spain, Economics, 7/15/2000 - Iran to provide Kuwait with drinking water
The Kuwaiti newspaper al-Rae al-Aam said yesterday that Kuwait is studying proposal presented from a Kuwaiti - British - Iranian joint company to bring drinkable water to Kuwait that reach 200 million Gallons daily from Karon river Kuwait-Iran, Economics, 7/15/2000 - Moroccan textile enterprises to be upgraded as of next September
Moroccan textile and garments enterprises will be restructured as of next September under a $ one million-worth three-year project, reported the Moroccan weekly "La Vie Economique." Morocco, Economics, 7/15/2000 - ISESCO, Focal Point of the Organization of the Islamic Conference in Health and Population Fields
The general coordination meeting between the United Nations and the Organization of the Islamic Conference which ended its proceedings in Vienna on July 13, decided to designate ISESCO as a new focal point of the Organization of the Islamic Conference (OIC) in the fields of health and population, in addition to its present tasks as a focal point in the fields of education, literacy and promotion of human resources, science and technology. Regional, Economics, 7/15/2000 - Seventeen US volunteers to promote Moroccan handicraft enterprises
A team of 17 US volunteers will be contributing assistance and consulting for the creation of handicraft enterprises in Morocco. Morocco-USA, Economics, 7/15/2000 - Morocco's participation in 1st Arab Common Market fair Morocco-Syria, Economics, 7/14/2000
- Egypt resumes air flights to Libya
Sources at the Egyptian airlines company announced that the company resumed its air flights to Tripoli on Thursday after the embargo used to be imposed on Libya was lifted since one year. Egypt-Libya, Economics, 7/14/2000 - Temperature rise in the Mediterranean countries
This summer of the year 2000 has carried drastic climatic changes. While the heat wave and warming which has hit for several weeks several Mediterranean states at a new record of drought as temperatures exceeded 40 degrees in all the Mediterranean states. Some capitals are witnessing the highest degrees temperature averages in many years. Regional, Economics, 7/14/2000 - Tangier and Gibraltar economic operators convene July 20 Morocco, Economics, 7/14/2000
- First trade center for Egyptian products in Ukraine
Egypt and Ukraine signed an agreement for establishing the first permanent trade center for displaying and selling Egyptian products in Ukraine to help Egyptian companies promote their products and guarantee the Egyptian exporters financial rights in the export process. Egypt-Ukraine, Economics, 7/14/2000 - Japan finances King Hussein's bridge
It was officially announced in Amman on Thursday the beginning of a project, inaugurated by Japan to build a new bridge in the name of the late Jordanian King Hussein on the Jordan river, linking the Jordanian territories to the west bank at a cost of US $ 9.7 million. Jordan-Japan, Economics, 7/14/2000 - Seaside tourism yields 50% of tourism returns in Morocco Morocco-Iraq, Economics, 7/14/2000
- Egyptian businessman establishes a tourist project in al-Aqaba
The Jordanian daily al-Arab al-Youm on Wednesday said that the Egyptian businessman and billionaire Najib Sawyers has bought a piece of Land in Aqaba, southern Jordan to establish a tourism project on it. The Jordanian paper explained that Sawyers bought some 74 hectares to build a tourism village including hotels, restaurants and luxury sites at an estimated cost of 1.8 billion Jordanian dinars ( US $ 2.5 billion). Jordan-Egypt, Economics, 7/13/2000 - Arab latest technology production to face globalization challenges
Egypt's Information Minister Safwat al-Sherif said the new century globalization challenges can be met with distinguished Arab production, utilizing the latest communications technology, this came in statements Wednesday following the opening of Radio and Television Exhibition on the sidelines of the 6th Cairo Radio and TV Festival. Egypt, Economics, 7/13/2000 - Head of OPEC makes a gulf tour
Ali Rodriquez,, head of OPEC and Venezuela's oil minister arrived in Kuwaiti on his gulf tour amid news about Saudi Arabia's retreat and delaying the decision to increase petroleum production in order to consult regarding taking collective steps on this matter. Kuwait-Saudi Arabia-Venezuela, Economics, 7/12/2000 - ISESCO invited to draw up a strategy to benefit from immigrant resources
An expert meeting convened in Potsdam- Germany- to lay down a strategy to benefit from migrant brains urged the Member States of the Islamic Educational, Scientific and Cultural Organization -ISESCO- to harness the scientific competencies available worldwide and to establish linkages with them in order to enhance comprehensive development projects in the Islamic World. Regional, Economics, 7/11/2000 - Jordanian businessman buys an Israeli factory Jordan-Israel, Economics, 7/11/2000
- King Mohammed chairs meeting on investments promotion Morocco, Economics, 7/11/2000
- Moroccan pharmaceutical sector posts over $ 400 ml turnover
The Moroccan pharmaceutical sector posted between 1995 and 2000 a sale of over $ 400 million and investments worth $120 million, said the latest bulletin of the Moroccan employers association (CGEM). Morocco, Economics, 7/11/2000 - Egypt expects $755 million oil surplus in 2000/2001
Egypt expects an oil surplus of $ 755 million for the fiscal year 2000/2001 (July-June) after earlier budget projections of a $ 450 million deficit. Egypt, Economics, 7/11/2000 - The mummy sequel shoot in Morocco and Jordan Jordan-Morocco, Economics, 7/11/2000
- Egyptian economy grows at good rate
US Ambassador in Cairo Daniel-Charles Kurtzer Monday said the Egyptian economy is growing at a very good rate in the global economy. Egypt-USA, Economics, 7/11/2000 - Euro-Mediterranean seminar on competitiveness
A Euro-Mediterranean seminar on "competitiveness law and policies" will be held this July 18-19 in Casablanca. Regional-Morocco, Economics, 7/11/2000 - Merrill Lynch proves confidence in Egyptian Economy
In the first official comment on a report recently issued by Standard and Poor's (S&P) on the Egyptian economy, Youssef Boutros Ghali said that an outlook downgrade by the rating agency was no surprise to the government. Egypt, Economics, 7/11/2000 - African development bank donates Mauritania $1.54 million Mauritania, Economics, 7/11/2000
- Meeting over Muslim brain drain in Berlin
A meeting of experts on Muslim brain drain was in Berlin Sunday to examine ways to take advantage from the expertise of Muslim scholars settled in the West. Regional, Economics, 7/10/2000 - Radio, TV festival to be inaugurated Tuesday
Egypt's Minister of Information Safwat Al Sherif will open on Tuesday evening the 6th session of the Cairo Radio and Television Festival. Egypt, Economics, 7/10/2000 - World Bank to finance development projects in Morocco worth $ 212 million
The World Bank has just completed the feasibility study of five Moroccan development projects worth $ 212 million. Morocco, Economics, 7/10/2000 - Lebanon donor countries conference to be held July 27th
Lebanese economy minister Naser Alsaedi said on Saturday that a conference of donor nations that will contribute to the reconstruction of Lebanon will be held here July 27. Lebanon-Israel, Economics, 7/10/2000