Arabic News Weekly Edition for Economics, 12/18/2000
Weekly Edition, Economics - Week of December 18, 2000
- General Assembly to big powers: Debts are hearting developing countries
The United Nations General Assembly has adopted a resolution aiming at enhancing relationship between the United Nations and the Organization of African Unity, deepening cooperation with the Organizations in the political, security, economic, social and cultural fields. Regional, Economics, 12/23/2000 - Pumping Iraqi oil into Syria needs a Syrian decision
An Iraqi official at the foreign ministry has stated in a statement to the London based al Sharq al-Awsat daily issued Saturday that pumping the Iraqi oil into Syria is waiting a Syrian decision to this effect. Iraq-Syria, Economics, 12/23/2000 - World Bank, International Monetary Fund grant $22 billion in debt relief
The World Bank and the International Monetary Fund (IMF) have granted $22 billion in debt relief to over 20 of the world's poorest countries, according to a joint statement issued Friday by the two organizations. Regional, Economics, 12/23/2000 - UN agencies warn of impending severe food shortages in Sudan
More than 3 million people in southern Sudan are facing serious food shortages because of civil strife and an emerging drought, according to a joint report released Friday by the United Nations Food and Agriculture Organization (FAO) and the UN World Food Program (WFP). Sudan, Economics, 12/23/2000 - Water scarcity most critical challenges
"Work in Toshka project in southern Egypt has not ceased for a moment, with performance rates far ahead of schedule," Minister of Irrigation and Water Resources Mahmoud Abu Zeid said. Egypt, Economics, 12/23/2000 - Fishery minister hails flexibility of European side in rabat talks
Flexibility shown by the European side in Friday talks in Rabat with the European Union (EU) delegation on fishery cooperation was hailed by sea-fishery minister Said Chbaatou. Morocco-European Union, Economics, 12/23/2000 - UAE's increased investments volume in the Arab states United Arab Emirates-Regional, Economics, 12/22/2000
- King Mohammed probes means to speed up growth and investment with premier Youssoufi
Morocco's King Mohammed VI conferred in Rabat Thursday at the royal cabinet with premier Abderrahmane Youssoufi on a wide range of matters focusing on means to enhance economic growth and investment. Morocco, Economics, 12/22/2000 - French Vivendi pays $ 2.3 billion for 35% of Maroc-Telecom Capital
French group "Vivendi Universal" has won the bid for the purchase of 35% of Maroc-Telecom capital for $ 2.33 billion (23.34 billion DH), it was officially announced on Thursday. Morocco-France, Business, 12/22/2000 - Morocco confirms status of prized place for call-centers
A high-level Moroccan delegation met inParis early this week at the Deloitte Consulting firm seat with major French groups in telecommunications, insurance, banking and retail to look into conditions for more call-centers installation in the kingdom. Morocco-France, Economics, 12/22/2000 - Moroccan treasury to issue 13 and 26 month bonds tuesday Morocco, Economics, 12/22/2000
- 7th Round of Morocco-EU Ends Without Results
Morocco and the European Union held this Friday the 7th round of technical discussions on future cooperation in fisheries without reaching any results. Morocco-European Union, Economics, 12/22/2000 - A higher commission was established to develop Mecca
A royal decree was issued provides for the formation of a higher commission to develop Mecca and areas adjoining " Beit Allah al-Haram" and to build new housing units for pilgrims and those who come for al-Omra. Saudi Arabia, Economics, 12/22/2000 - Energy output on the rise, mining and industry slow down
Energy production recorded a 4% increase in the third quarter of 2000 while mining and industry slowed down with a slump of 8% and 2% respectively, the statistic department said. Morocco, Economics, 12/22/2000 - US $ 750 million at al-Aqsa and Jerusalem Fund
The Saudi minister of finance Ibrahim al-Assaf said that the work team which supervises the two funds of al-Aqsa and Jerusalem's Intifada proceeds within its set plans after a sum of US $ 750 million was collected from the Arab states. Palestine-Regional, Economics, 12/21/2000 - Iraqi aids to the Palestinians
Iraq on Tuesday called on the Palestinian government to send a delegation to Baghdad to discuss on the requirements of the Iraqi people so as to include these needs within the 9th phase of the oil-for-food agreement. Iraq-Palestine, Economics, 12/21/2000 - US - Egyption negotiations over free trade
Charlene Barshvisky, the US Trade Representative, is urging the new administration to look into prospects of holding negotiations with Egypt on reaching a free-trade agreement, or at least enter into comprehensive trade talks with Cairo. Egypt-USA, Economics, 12/21/2000 - Lahlimi opens young enterprise house in Laayoun
Morocco's Minister of social economy, small and medium enterprise (SME) and handicraft, in charge of government's general affairs Ahmed Lahlimi inaugurated here Tuesday the city's "house of young enterprise." Morocco, Economics, 12/21/2000 - Suez Canal posts best revenues of its history
Chairman of Egypt's Suez canal authority Ahmad Ali Fadhel Tuesday said the Suez canal has achieved this year the best revenues since it was opened in 1879. Egypt, Economics, 12/21/2000 - Akka Gold-Mine Gets $ 30 Million EIB Investment
The European investment bank (EIB) extends the Moroccan mining firm "MANAGEM" a $ 30 million loan for the exploitation of the Akka gold-mine in the Moroccan Atlas mountains. Morocco, Business, 12/21/2000 - Living cost index increases by 1.8% in october Morocco, Economics, 12/21/2000
- Morocco, Japan hold follow-up meeting of economic conference
The follow-up commission of the Moroccan-Japanese Economic Conference held recently a meeting to prepare for the upcoming session of the conference next year. Morocco-Japan, Economics, 12/21/2000 - Egypt's investment climate promising
German businessmen and investors said that the investment opportunities in Egypt are promising and very distinguished, noting that the stage is set before increase of German investments, particularly in the field of industry, tourism and communications. Egypt-German, Business, 12/20/2000 - Morocco's cement group sees turnover on the rise Morocco, Business, 12/20/2000
- Moroccan - European talks over fisheries resume friday
A new round of talks between Morocco and the European Union over fisheries will be held on Friday in Rabat, a source at the European Commission said. Morocco-European Union, Economics, 12/20/2000 - Mubarak mulls over government's plan of action with Ebeid
President Mubarak also discussed, with Ebeid, taking serious steps towards establishing a common Arab market according to the recent pan-Arab summit resolutions. Egypt, Economics, 12/19/2000 - Mubarak reviews performance rate of mega-projects
Egypt's President Mubarak yesterday presided over a ministerial meeting for following-up performance rate in the project of northwestern Gulf of Suez. Egypt, Economics, 12/19/2000 - Three-month biological rest for cephalopods decreed
Cephalopod fisheries will stop on a three-month "biological-rest" as of January 1st between Boujdour and Lagouira, said a release of the sea-fishery department. Morocco, Economics, 12/19/2000 - EC in close contact with Morocco on fisheries, Fischler says
European agriculture and fishery commissioner Franz Fischler said Monday the European Commission (EC) was in "close contact" with Moroccan officials for "technical and political" talks on fisheries. Morocco-European Union, Economics, 12/19/2000 - A project to pomp Qatari gas to UAE, Oman
After the signing of the Egyptian, Lebanese and Syrian gas pipeline project, work is underway to erect a pipeline for transporting natural gas from Qatar to Oman through the United Arab Emirates. Qatar-United Arab Emirates, Economics, 12/18/2000 - Iraq trade delegation visits Muscat Iraq-Oman, Economics, 12/18/2000
- Spanish fishing professionals set for new boycott campaign of Moroccan products
Professional organizations of seamen and ship owners in Andalusia (southern Spain) have decided to launch starting Dec.25 a new campaign to block the passage of Moroccan products transiting Spain in their way to Europe. Morocco-Spain, Economics, 12/18/2000 - Israeli reduces Jordan shares of waters
A Jordanian official has stated that the implementation of al-Wahda dam project between Jordan and Syria will start by the beginning of next year by qualified companies. Jordan-Israel, Economics, 12/18/2000 - Iraq signs the first deal in the framework of the 9th phase
Baghdad on Saturday signed the first oil deal in the framework of the 9th phase of the " oil for food" program. Iraq, Economics, 12/18/2000 - Egypt's domestic debt in safe limits
Egypt's Prime Minister Atef Ebeid said the domestic debt is within the safe limits as it poses no harm against the national economy. Egypt, Economics, 12/18/2000 - EU to undertake new diplomatic initiative to end deadlock with morocco over fisheries
European commissioner for fisheries, Franz Fishler, will undertake a new diplomatic initiative to end the Morocco-European Union deadlock over fisheries, said a source at the commission. Morocco-European Union, Economics, 12/18/2000 - Some 1250 Palestinians are permitted to enter Israel for work
A Palestinian security official said that Israel has permitted some 1250 palestinian workers from Gaza strip to cross Gaza through Erez barrier to work inside the Hebrew state following a closure of three months time. Palestine-Israel, Economics, 12/18/2000 - Tourism provides 2 million job opportunities Egypt, Economics, 12/18/2000
- Palestinian losses estimated at $ 505 million in three months
The United Nations Children Fund (UNICEF) said Friday Palestinians are estimated to have lost $ 505 million between September 28 and November 26. Palestine, Economics, 12/18/2000 - Arab investment company posts gains
The Arab investment company has posted strong gains for the ongoing fiscal year 2000, according to company sources Regional, Economics, 12/18/2000 - India to create special fund for Palestine Palestine-India, Economics, 12/18/2000