Arabic News Weekly Edition for Economics, 9/4/2000
Weekly Edition, Economics - Week of September 4, 2000
- National round-table on effect of trade and the environment in Syria
Policies Initiative seeks to assist policy makers and private business better understand the relationship between environmental regulations and some of Syria 's most important sectors. Syria, Economics, 9/8/2000 - On the Arab electricity grid project
The chairman of the Egyptian holding company for electricity Mustafa Sweidan has announced hat several experiments have been currently conducted to maintain electricity grid linkage between Syria and Jordan and between Syria and Turkey, adding these experiments will be completed by the year 2001, while work in the electricity grid between Syria and Lebanon will be completed by the year 2002. Regional, Economics, 9/8/2000 - Jordan reduces and unifies departure fees for non- nationals
The Jordanian Cabinet has decided to reduce the departure fees for non- Jordanians who travel through the airports and to unify these fees on all crossing. This measure aims at encouraging investment and tourism. Jordan, Economics, 9/8/2000 - Oil Company Employees Stage Strike Next Tuesday Morocco, Economics, 9/8/2000
- Teamsters go on strike to protest fuel price hike Morocco, Economics, 9/8/2000
- Water crisis in Iraq Iraq, Economics, 9/7/2000
- Gulf states trade ministers to meet on inter- cooperation Gulf, Economics, 9/7/2000
- First Egyptian-Canadian investment fund with a capital of $ 100,000,000
The E.N.G. Perings International and Concord Corporation for International Investment will launch a promotion campaign in mid-September in the world capitals of business and the Arab region which will continue for two months contributing to the first Egyptian-Canadian investment fund with a capital of $ 100,000,000 . Regional, Economics, 9/7/2000 - African Development Bank president sworn in for second term
Moroccan Omar Kabbaj was sworn in Wednesday as president of the African Development Bank (ADB) for a second five-year term. Regional, Economics, 9/7/2000 - Rabat hosts 2nd Euro-Mediterranean conference on audio-visual media
The 2nd Euro-Mediterranean conference of audio-visual media will be held this Sept.14-15 in Rabat. Regional, Economics, 9/7/2000 - Intensive participation in the current DIF's 47th session
The director of the Syrian pavilion at the current 47th Damascus International Fair (DIF) Muhammad Shweiki said that this pavilion represents one of the great achievements realized in Syria, which is the industrial aspect in being the ground for building the modern state. Syria, Economics, 9/6/2000 - Improving transparency of securities market Algeria, Economics, 9/6/2000
- Industry added-value improves by 3.4% in jan-march 2000
The industrial added value progress by 3.4% in the first three months of 2000, compared to 2.3% in the corresponding period of 1999. Morocco, Economics, 9/6/2000 - Spanish fishing professionals still hopeful to return to Moroccan seas
Fishing industrials from the Spanish northwestern region of Galicia, who used to operate in Moroccan waters before the EU-Moroccan fishing agreement expired last November, showed more optimism than their colleagues from Andalusia (southern Spain) that an agreement with Morocco will be reached before next December. Morocco-Spain, Economics, 9/6/2000 - Joblessness in Morocco increases in second quarter of 2000 Morocco, Economics, 9/6/2000
- IMF Forecasts a continuation of Egypt's economic growth
Egypt's economic growth is likely to continue while the country's inflation rate is expected to remain at the level of about 4 per cent, according to the latest report issued by the International Monetary Fund (IMF). Egypt, Economics, 9/6/2000 - Egypt's economy boom anew
Chief of the World Bank mission in Egypt Khaled Ekram said yesterday that all signs prove that the Egyptian economy is heading for a booming drive and the government has a clear-cut plan to raise rate of growth. Egypt, Economics, 9/6/2000 - A discrepancy in the Jordanian trade balance Jordan, Economics, 9/6/2000
- Increasing volume of information industry
Egypt's Minister of Communications and Information Ahmed Nazif said a plan will be implemented to increase the value of information technology industry by the year 2002 via benefiting from the Indian expertise in this domain. Egypt, Economics, 9/6/2000 - Arab Monetary Institutions Meet in Libya Next Week
The council of governors of Arab central banks and monetary institutions is to hold its 24th meeting in Tripoli, Libya next Saturday. Regional, Economics, 9/6/2000 - French travel agencies hold congress in Morocco
France's national union of travel agencies will hold its 43rd congress next January 24-27 in the Atlantic southern resort city of Agadir. Morocco-France, Business, 9/6/2000 - Egyptian oil exports hit $ 2.5 billion, Gas export to rise
The Organization of Arab Petroleum Exporting Countries (OAPEC) said in its annual report that the Arab states in 1999 found 45 new oil fields including 19 in Egypt which topped them in the new discoveries. Egypt, Economics, 9/6/2000 - Gas pipeline exploration project from Algeria to Europe
The Algerian company of hydrocarbons Sonatrach and the Spanish oil group CEPSA signed a protocol of agreement of a joint company (50/50%) that will be charged of studying the feasibility of a gas pipeline to link Algeria directly with Europe via Spain, Sonatrach announced Wednesday in Algiers according to the official Algerian news agency APS. Algeria, Economics, 9/6/2000 - Moroccan union calls government to respect social commitments
The Moroccan labor union (CDT, close to the Socialist Union of Popular Forces of Premier Abderrahmane Youssoufi) called the government to respect the social commitments it already contracted in an accord with trade unions. Morocco, Economics, 9/5/2000 - Israel steals 1600 million cubic meters of Arab waters annually
A Jordanian study about the water crisis in the Arab states said that the total water budget of the Arab home lands is less than 300 billion cubic meters. The study added that if this budget is to be divided on the current population of the Arab states, estimated at 250 million, each Arab citizen will have 1,000 cubic meters per year while the average share of individual in the world is 13,000 cubic meters representing 13 folds of the share of one Arab citizen. Regional-Israel, Economics, 9/5/2000 - Arab states threaten to boycotting Burger King
The Arab states on Monday threatened to cancel all its contracts with "Burger King" restaurants and to boycott this American network if it will not close off its restaurant in the West Bank occupied by Israel. Regional-Israel, Economics, 9/5/2000 - Voices rise against fuel prices hike
The Moroccan association of fruit producers and exporters (APEFEL) and the CDT union denounced the recent decision of the government to increase fuel prices. Morocco, Economics, 9/5/2000 - New oil wells will be drilled in Morocco next year
Six new oil wells will be drilled in Talsint, eastern Morocco, and in an off-shore area in the region of Casablanca as of September 2001. Morocco, Economics, 9/4/2000 - Ebeid meets with North Coast investors
Egypt' Prime Minister Atef Ebeid said the meeting takes place under a plan North Coast may be in the best shape and work all year round. He added that the successful completion of the infrastructure to provide more comfort to citizens, to benefit from investments made, realize a high degree of safety to owners of units and develop the North Coast to the international level. Egypt, Economics, 9/4/2000 - IMF hails morocco's success in maintaining macroeconomic stability and curbing external account deficit
Macroeconomic stability has been successfully maintained in Morocco, as evidenced by the stabilization of trend inflation at around 2%, and of the external current account deficit below 1 % percent of GDP in 1999, says a report of the International Monetary Fund's governing board released Friday. Morocco, Economics, 9/4/2000