Arabic News Weekly Edition for Economics, 9/25/2000
Weekly Edition, Economics - Week of September 25, 2000
- Lone star energy will start drilling site of Casablanca
Lone Star Energy (LSE), a Moroccan-based and associated company of Skidmore Energy, Inc. USA, announced on Friday that it will start off-shore drilling operation off Kenitra next November 10, and off Casablanca, next February 1. Morocco, Business, 9/30/2000 - EU says Moroccan answer to its proposals over fishery unacceptable and insufficient
The European Union said Moroccan answers to proposals it made at the meeting this September 28-29 on fisheries are "unacceptable and insufficient." Morocco-European Union, Economics, 9/30/2000 - Casablanca hosts international leather fair Morocco, Economics, 9/30/2000
- OIC members call for an Islamic group within WTO
Islamic countries inside the World Trade Organization are favorable to the setting up of an Islamic group to gain more weight within the organization. Regional, Economics, 9/30/2000 - BSA hails progress made by Morocco in fighting hacking
Morocco has come a long way in fighting computer-hackers since the holding last year in Casablanca of a meeting on the issue, said Friday vice-president of the international association ''Business Software Alliance''(BSA) for North-Africa and the Middle-East Nasser Ali Khasawneh. Morocco, Business, 9/30/2000 - Moroccan government announces package of drought effects-alleviation measures
The Moroccan government has announced a package of measures to alleviate effects of a second drought season, including farmers debt-rescheduling and supporting the modernization of production tools. Morocco, Economics, 9/29/2000 - 4 French, Canadian and U.S cinematic companies compete to establish cinema theaters in the Arab states
4 international cinematic companies entered a race to establish cinema theaters in the Arab states. Regional, Business, 9/29/2000 - Syria allows Lebanese to transport cargos to Baghdad fair Syria-Lebanon, Economics, 9/29/2000
- Morocco, Quebec sign agreements worth 96 million dollars Morocco-Canada, Economics, 9/29/2000
- A U.S business women delegation in Cairo to discuss investment and commercial cooperation
A large U.S commercial delegation under the chairmanship of the general manager of the foreign trade services in the U.S trade department arrived yesterday in Cairo on a 4-day visit to discuss means of increasing the investment between the 2 countries. Egypt-USA, Economics, 9/29/2000 - Some 500 businesswomen in Cartage 2000 conference
Activities of the 48th World conference "Cartage 200" will start in Tunis on October 2nd through 7th under the title " Women; owners of world establishments in the new Millennium ." It will be convened with the participation of some 500 women who are owners of economic, trade, industrial, agricultural and cultural establishments. Regional, Business, 9/29/2000 - U.S investor and China establish tires factory in Syria
A U.S investor of Syrian origin and the Chinese government intend to build tires factory in Syria that will be cost 90 million dollars with an annual production capacity 2.1 million tires. Syria-China, Business, 9/29/2000 - US erects trade hurdles for Africa
The US administration has presented African governments with the text of a one-size-fits-all customs co-operation agreement that they must accept to qualify for textile and apparel benefits under the African Growth and Opportunity Act. Regional-USA, Economics, 9/29/2000 - Three European businessmen delegations to visit Alexandria
Three European economic delegations will begin during October work visits to Alexandria city in Egypt to discuss joint cooperation in commercial and industrial projects. Egypt, Economics, 9/29/2000 - Lebanese premier opens South Lebanon development support conference
Lebanese Prime Minister Salim al-Hoss on Thursday in Beirut opened the Non Governmental Organization NGO's conference to back development in South Lebanon. It is organized by the Italian government and the UN development program. Lebanon, Economics, 9/29/2000 - A Saudi - International meeting to establish a railway system
A Saudi - International assembly will be held in mid October with the official Saudi front concerning the railway projects to present the first official offer for establishing a railway station based on the B.O.T system (Build-Operate-Transfer). Saudi Arabia, Economics, 9/29/2000 - French companies to participate in the Euro Mediterranean conference
100 French companies will participate in the Euro Mediterranean conference in Cairo on October 4th. Egypt-France, Economics, 9/29/2000 - Arab banks union convenes a meeting in Beirut in November
The Arab banks union conference that is be convened in Beirut on November 1 is to discuss topics among which are the economic cooperation, the Arab finance in the banking field and liberating the services trade in the Arab states in framework of the grand free trade zone. Regional, Economics, 9/29/2000 - $66 million investment in tourism in Agadir
An investment convention worth 66.1 million USD was signed here Thursday under which the Real-estate Firm for Tourism and Leisure Activity Promotion will build a large-scale complex including marina. Morocco-USA, Economics, 9/29/2000 - Moroccan copyright office, business software alliance to cooperate in piracy control Morocco-USA, Economics, 9/29/2000
- Benatik, visiting Quebec top official raise sme setting up Morocco-Canada, Economics, 9/29/2000
- Moroccan - EU fishery dialog resumes in Brussels Morocco-European Union, Economics, 9/28/2000
- Lahlimi meets world bank officials in Prague Morocco, Economics, 9/28/2000
- Moroccan, Argentine businessmen to meet in Rabat Morocco-Argentina, Business, 9/28/2000
- Egypt's economic growth rate exceeds 6% annually
Egypt's Prime Minister Atef Ebeid said that the future of the Egyptian economy is promising. He expects that the economic growth rate will exceed 6% and this figure would be maintained for many years to come. "Egypt is seeking to boost domestic market and to enter the international market strongly" he added. Egypt, Economics, 9/28/2000 - Palestinian government inaugurates a gas field in Gaza
The Palestinian government yesterday inaugurated the first field for natural gas off the coast of the city of Gaza, said the Israeli radio. Palestine, Economics, 9/28/2000 - Quebec's vice-premier calls for more trade with Morocco
Quebec's vice-premier and state minister of economy and finance Bernard Landry called for more trade between Morocco and Quebec saying exchanges ought to match excellent diplomatic ties. Morocco-Canada, Economics, 9/28/2000 - NGOs open conference to support Lebanon re-construction
A conference of non governmental organizations (NGOs) to support reconstruction of southern Lebanon opens in Beirut this Thursday under the patronage of Lebanese Premier Salim Al-Hoss Lebanon, Economics, 9/28/2000 - Moroccan fortnight at selfridges
A Moroccan fortnight will be held October 16-28 in famed high-street stores "Selfridges" in London and Manchester. Morocco-UK, Business, 9/28/2000 - Small, medium enterprise charter ready, says minister
The draft charter for small and medium enterprises (SME) is ready and will soon be submitted to the government, said secretary of state to the minister of social economy, SME and handicraft Abdelkrim Benatik. Morocco, Economics, 9/27/2000 - Morocco, European Union resume fish negotiations thursday
Morocco and the European Union will resume here this September 28-29 dialogue on fisheries after Morocco refused last November to renew the agreement binding it to the Union expired. Morocco-European Union, Economics, 9/27/2000 - Government works on providing environment for partnership
Both sides cannot work separately from each other as they should cooperate to enable the functioning of international companies into a friendly environment necessary for their growth, Moussa told the Cairo Forum for Cooperation and Development. Egypt, Economics, 9/27/2000 - On Fringe of WB & IMF meeting: Egypt continue economic reform
Medhat Hassanein, Minister of Finance and head of Egypt's delegation to the meeting of World Bank and International Monetary Fund held in Prague emphasized that the Egyptian government is still carrying on the economic reform process so as to reduce the deficit in payment balance, to increase exports, to re-arrange the customs and tax systems, to remove exporting obstacles, to remedy the legal sides and to guarantee giving investors their rights in short time. Egypt, Economics, 9/27/2000 - Gulf economic sources demand a new strategy to establish a trade zone with the European Union
Gulf economic sources asked the Gulf Cooperation Council states to create a new strategy to determine the cooperation machinery with the European Union to stress on it to apply a fair formula toward establishing a free trade zone with the council's states. Gulf, Economics, 9/27/2000 - Syrian complaint against Turkey against reduction of water flow
The Turkish daily " al-Jomhoreyah " said on Tuesday that Syria has sent a memorandum of protest to Ankara over reducing the amount of waters to Syria. Syria-Turkey, Economics, 9/27/2000 - ITO report: Unprecedented tourist record in Egypt
A report recently issued by International Tourism Organization affirmed that the Middle East has witnessed great up-rise in the number of tourists. A rapid development ratio has been realized in the number of tourists amounting to 17.5%, indicating that ME comprises large tourist resources supported by trend for peace that will help the peoples of the area to exchange tourism projects. Egypt, Economics, 9/27/2000 - Us $ 306,180 donation to Moroccan electricity board
The US trade and Development Agency (USTDA) has donated the Moroccan electricity board "ONE" $ 306,180 to develop its telecommunications network. Morocco-USA, Economics, 9/27/2000 - Egyptian - Saudi free trade signing in Riyadh next month
The joint Egyptian - Saudi committee will be convened next month and it is expected to finalize issues to sign establishing a free trade between the two states. Saudi Arabia-Egypt, Economics, 9/26/2000 - Work to start very soon at al-Wahda dam
Well-informed sources at the Jordanian ministry of waters and irrigation said that an announcement will be made in October for a bid to qualified world companies to implement al-Wahda dam, at a cost of 140 million Jordanian dinars. Jordan-Syria, Economics, 9/26/2000 - Damascus: the budget of 2001 will be decided before the end of 2000 Syria, Economics, 9/26/2000
- Oman joins WTO
Oman's minister of commerce Maqboul Bin Ali Sultan said that his country will join the world Trade Organization WTO on October 10th during the WTO's meeting which will be held in Geneva. Oman, Economics, 9/26/2000 - Due scientific and economic cooperation between Syria and Dubai Internet city
Director general of Dubai's district authority for technology, electronic trade and the media and the executive director for Dubai's city for the Internet announced readiness to receive several specialists in the area of information technology in Syria with the aim to draw practical plans and studies aiming at revitalizing joint technology cooperation as well as scientific and economic cooperation between Syria and 'Dubai city for the Internet.' Syria-United Arab Emirates, Economics, 9/26/2000 - Syrian trade delegation in Baghdad
Syrian Industry Minister Ahmad al-Hamou has expressed his hope of ending the sufferings of the Iraqi people as a result of the continued sanctions on it since 1990 so as to be able to take its due role in Arab and international relations. Iraq-Syria, Economics, 9/25/2000 - King Mohammed arrives in Jorf Lasfar Morocco, Economics, 9/25/2000
- French group for transport in Syria Syria-France, Economics, 9/25/2000
- Special regulation on economic zone to be issued
"President Mubarak is expected to visit Gulf of Suez soon in order to inspect the progress of the project" said Minster of Information Safwat AL Sherif. He added that the project's feasibility study revealed a number of facts and showed that the Egyptian economy has the potential to absorb more international investments that would accelerate economic growth that began with the reform policy. Egypt, Economics, 9/25/2000 - 33 British companies to discuss investment in Egypt
The U.K commercial mission which is currently visiting Egypt began its works in Cairo as the delegation comprising 33 British companies met with some Egyptian businessmen to discuss opportunities of establishing joint projects during their meeting with members of the Egyptian businessmen association yesterday. Egypt-UK, Business, 9/25/2000 - 3.1 billion in donar aid to the Palestinian government since 1994 Palestine, Economics, 9/25/2000
- O.P.E.C To discuss the petroleum price increase
The O.P.E.C summit is to be held after tomorrow in Caracas to put a new strategy for the organization to enable it to prove its role and efficiency in the world economy and the oil markets in general. Regional, Economics, 9/25/2000