Arabic News Weekly Edition for Economics, 9/18/2000
Weekly Edition, Economics - Week of September 18, 2000
- A new free zone area on the Iraqi- Syrian borders
The director general of the Iraqi free trade areas Bustam al-Janabi has stated that foundations have been laid for a new free trade areas on the Iraqi borders with Syria. He added these foundations include other services and warehouses. Iraq-Syria, Economics, 9/23/2000 - Moroccan premier deplores low level of Moroccan-Tunisian trade
Moroccan prime minister, Abderrahmane Youssoufi, stressed in Tunis Friday that despite the regular meetings between Moroccan and Tunisian officials and economic operators, the level of trade remains low. Tunisia-Morocco, Economics, 9/23/2000 - Morocco counts two million mobile phones users and 100,000 internet surfers Morocco, Economics, 9/23/2000
- Partnership with Europe ushers in economic liberalization
"Egypt cannot stand isolated from the world in view of the weight and status it enjoys on the regional and international levels," said Minister of Supply Hassan Khedr on behalf of Premier Atef Ebeid. Egypt-European Union, Economics, 9/23/2000 - New financial and administrative advantages to attract investors
Mohamed El-Ghamrawi, head of the General Authority for Investment in Egypt, declared in a press speech published in the daily Al-Ahram today that there are new financial and administrative advantages reviewed now to attract more investors. He added that there are new investment projects in the fields of Information Technology and petrochemicals with a value of two milliard dollars. Egypt, Economics, 9/23/2000 - Moroccan airport authority and Miami airport sign partnership convention Morocco-USA, Economics, 9/23/2000
- Mubarak to visit Toshka, soon
Preparations for an imminent visit by Egyptian President Hosni Mubarak to Toshka to follow up work and execution programmes were discussed at a ministerial meeting held Thursday under the chairmanship of Prime Minister Atef Ebeid. Egypt, Economics, 9/23/2000 - Quebec's official leads business mission to Morocco
Quebec's vice-premier, Bernard Landry will be heading starting next Monday a business delegation on a four-day mission in Morocco, the Canadian embassy in Rabat announced. Morocco-Canada, Economics, 9/23/2000 - USA contributes to drought-effects alleviation in southwestern Morocco
The USA will be undertaking a series of activities to alleviate effects of a second drought season on populations of the Moroccan southwestern region. Morocco, Economics, 9/23/2000 - European Union grants morocco $72.7 mln for Mediterranean road
Morocco and the European Union signed this Friday a convention under which the Union contributes 800 million Dirhams ($ 72.7 million) to a 110 km long stretch of the Mediterranean by-pass. Morocco-European Union, Economics, 9/22/2000 - Baghdad signs transactions with European companies for establishing an electricity station
The Iraqi news agency said that Iraq signed 70 million dollars contracts with European Companies to resume building electricity stations in north the country as the work in it stopped during the second Gulf War in 1991. Iraq, Economics, 9/22/2000 - International conferene for the business women in Tunis in October
The 48th session of the International conference for the business women with the participation of nearly 50 countries will begin on the coming October the second. Regional, Economics, 9/22/2000 - Jordan negates a dispute with Iraq concerning commercial protocol Jordan-Iraq, Economics, 9/22/2000
- Morocco excludes reducing the value of its currency
Economic and financial sources in Morocco said that Morocco will not reduce the value of its national currency despite of the increase of the Dirham value 13% against the Euro Morocco, Economics, 9/22/2000 - Agreements signed between participants at the Syrian- European contacts days
Meetings were held on Thursday between the participants in the fourth Syrian- European contact days. Several agreements were signed between the participating companies and the and the participating businessmen from 102 Syrian companies and 50 Arab and foreign companies working in the areas of textiles, garments, foodstuffs, packing and packaging. Syria-European Union, Economics, 9/22/2000 - 140,000 tons decrease in Israeli good crossing Suez Canal
The cargos of the crossing Israeli ships in the Suez Canal registered during the first half of the current year showed a 140,000 tons decrease in comparison to the same period of last year while the number of the crossing ships registered a 6 ship retreat. Egypt-Israel, Economics, 9/22/2000 - Syria to crystallize a strategy for attracting investment
The London - based al-Hayat daily said in its Wednesday's issue that an economist has urged the Syrian government to crystallize a policy promoted by Syria as a regional center for exports. Syria, Economics, 9/21/2000 - Saudi Arabia, Brazil signed trade agreement Saudi Arabia-Brazil, Economics, 9/21/2000
- Morocco moves to set up local investment committees to ease investments
Morocco is projecting to set up local investment committees at the level of prefectures and provinces to lift obstacles and facilitate the carrying out of investment projects. Morocco, Economics, 9/21/2000 - Jordan: Demonstrations for unemployed university graduates
Jordan witnessed clashes and demonstrations by members of vocational unions as the anti riot police prevented the demonstrators from heading to the cabinet to protest for their demands. Jordan, Economics, 9/21/2000 - Israeli businessmen are visiting Morocco today Morocco-Israel, Economics, 9/21/2000
- Concrete measures contemplated to promote textile sector
A set of concrete measures are being finalized to pull Morocco's textile sector out of its crisis, Mohamed Lahlou, chairman of the Moroccan textile and garments industry association (AMITH) announced. Morocco, Economics, 9/21/2000 - Openning Egyptian products fair in Libya today
110 private companies are participating in El-Fateh international fair that is to be inaugurated today by the Libyan president and will last for 10 days. Libya-Egypt, Economics, 9/20/2000 - GCC information minister to meet in al-Riyadh Gulf, Economics, 9/20/2000
- World Bank finance projects in Egypt
Egypt and the World Bank agreed on an executive program to finance projects of top priority in the economic and social development plan. Egypt, Economics, 9/20/2000 - Damascus: a decision issued to reduce unemployment
In a meeting held on Tuesday, the Syrian cabinet approved a decision to fight unemployment whose rate is estimated by economists as reaching its highest at the meantime. Syria, Economics, 9/20/2000 - Japan donates water tanks to Moroccan rural localities Morocco-Japan, Economics, 9/20/2000
- Oil refining company agrees on salary increase Morocco, Business, 9/20/2000
- Tripoli hosts international conference on energy
An international conference on the rationalization of energy in industry and on the impact of energy on environment and health opened proceedings in Tripoli, Libya, Tuesday. Libya, Economics, 9/20/2000 - Emerging markets fair in Geneva
The second emerging markets fair that opened doors in Geneva Tuesday. Enterprises from some 50 emerging countries are taking part in the four-day event and will propose more than 1500 development projects. Regional, Economics, 9/20/2000 - Arab participation in Tel Aviv exhibition Regional-Israel, Economics, 9/20/2000
- The Cabinet endorses new gas and communication agreements
Egypt's Prime Minister Atef Ebeid said investments of the current plan have been amended to include an appropriation of L.E. 1442 million for the development of services in all governorates. Egypt, Economics, 9/19/2000 - Madrid, Rabat pass two $ 90 million worth economic agreements
Morocco and Spain passed Tuesday two economic agreements on investment and debt-swapping on the fringes of the official visit of King Mohammed VI to Spain (Sep.18 through 20). Morocco-Spain, Economics, 9/19/2000 - Syria gets less than 1% of the Arab states share of foreign investments
Foreign investments licensed in 1999 in Syria and governed under the law no. 10 on encouraging investment of 1991, reached only US $ 47.6 million, representing a sum of 17% of total investment licensed in 1999. These investments are distributed, according to sectors as follows; Transformation industry 32.8%; agriculture 27.6%, transport 22.7%, and real estate services 16.9%. Syria, Economics, 9/19/2000 - Oman welcomes Malaysian ventures Oman-Malaysia, Economics, 9/19/2000
- Supreme Jordanian - Egyptian joint committee preperations today in Amman
Works of the preparatory meetings of the supreme Jordanian - Egyptian joint committee began today in Jordan. Jordan-Egypt, Economics, 9/19/2000 - European Union agrees on assistance to south Mediterranean countries program Regional, Economics, 9/19/2000
- Cairo hosts second stage of Euro- Mediterranean Program Regional, Economics, 9/19/2000
- To discuss the fishery file, resuming the negotiations with EU
A Moroccan sources assured that the consultations concerning the maritime fishery between Morocco and countries of the European Union will be resumed on 28th of current month in Brussels, referring to that the meeting that will comprise Moroccan and European officials will decide future of the cooperation between Morocco and the European Union in the fishery field. Morocco-European Union, Economics, 9/19/2000 - Iraqi president accuses the west over the fuel crisis
Iraq's President Saddam Hussein has accused the west of tightening its fist on the oil producing countries so as to be able to buy the oil at lower prices. Iraq, Economics, 9/19/2000 - Tunisia Gets New Loans From Japanese Capital Market
Tunisia is to get a loan of $460 million (50 billion yens) from the Japanese capital market with a 3.6% interest Tunisia, Economics, 9/18/2000