Arabic News Weekly Edition for Economics, 1/8/2001
Weekly Edition, Economics - Week of January 8, 2001
- Obstacles impeding the Saudi- Egyptian free trade agreement
Sources at the Saudi foreign ministry said that Riyadh has asked the Egyptian side to eliminate obstacles facing national exports in order to be able to sign the agreement to establish a free trade area between the two states. Saudi Arabia-Egypt, Economics, 1/13/2001 - Egyptian pound exchange rate will neither be floated nor fixed in face of foreign currencies
Egypt's Prime Minister Atef Ebeid said that the government has no plans at all either to float or to determine an exchange rate for the Egyptian pound, in the face of foreign currencies. Egypt, Economics, 1/13/2001 - Egypt celebrates 30th anniversary of the High Dam
Next wednesday, January 17,000 thirty years would have been passing since Nile water gushing from the High Dam sluice gates for the first time. Egypt, Economics, 1/13/2001 - Foreign investments rise in Egypt
International reports asserted that Egypt's investment climate is improving and the rate of foreign investments in the country is on the rise. Egypt, Economics, 1/13/2001 - Moroccan - British Trade on the Rise
Trade exchanges between Morocco and Britain went up from $ 400 million in 1998 to $ 1.2 billion in 1998. Morocco-UK, Economics, 1/12/2001 - Canadian firms have an eye on oil-prospecting in Morocco
A delegation of the Moroccan oil research and exploitation office "ONAREP" is shortly to visit Calgary in Canada for technical presentation to local firms of offshore exploration for oil in the stretch from Rabat to Safi on the Atlantic coast. Morocco-Canada, Economics, 1/12/2001 - Advertising firm receipts in 2000 increase 47 percent Morocco, Business, 1/12/2001
- Saudi Arabia, Qatar start to implement the decision of the GCC decision of customs federation
The secretary general of the Gulf Cooperation Council (GCC) Sheikh Jamil al-Hujeilan announced that Saudi Arabia and Qatar have started the implementation of the decision of the Gulf Cooperation Council GCC towards establishing a customs federation among the GCC member states towards the outer world as from 1.3. 2005. Gulf, Economics, 1/11/2001 - Time plan for companies results to increase financial transparency
Such step is to be followed for the first time in the Egyptian financial market as part of the policy performed aiming at achieving utmost degree of transparency through providing all kinds of data. This action also aims at putting an end to the rumors on that issue and helping investors take their decisions on proper bases. It will assist them as well in preparing their future investment plans. Egypt, Economics, 1/11/2001 - Employment Department To Draw Rolls Of Unemployed Diploma-Holders And Job Vacancies Morocco, Economics, 1/11/2001
- Morocco, Ireland to set up business council
Moroccan Premier Abderrahmane Youssoufi on Wednesday called on Irish investors to make the most of the various business opportunities offered by Morocco. Morocco-Ireland, Economics, 1/11/2001 - Moroccan, Libyan businessmen identify industrial cooperation opportunities
Moroccan and Libyan businessmen have identified several fields of cooperation in the sector of industry during the visit a delegation from the Confederation Générale des Entreprises Du Maroc (CGEM/employers association) paid to Libya January 5 through 8. Libya-Morocco, Economics, 1/11/2001 - Egypt welcomes foreign investments
Egypt's Prime Minister Atef Ebeid said Egypt welcomes foreign investments that lead to upgrading the Egyptian production and proving more jobs opportunities. Egypt, Economics, 1/11/2001 - More facilities to private sector of building materials
"The government will give more facilities to the private sector producing the building materials in a way that leads to a cut in the sector's production costs," said Egypt's Prime Minister Atef Ebeid yesterday in a meeting with chairmen of the building materials producing companies. Egypt, Business, 1/11/2001 - EU had no reason to pull out of talks, fishery minister says
The European Union had no reason to leave the negotiation table over fisheries with Morocco unless it was a tactical move, fishery minister Said Chbaatou said. Morocco-European Union, Economics, 1/11/2001 - European commission voices concern over fishery talks with Morocco
The European Commission asked Moroccan ambassador to the European Union Aicha Belarbi to convey concern of the Commission president Romano Prodi over the "collapse" of the latest round of fishery talks held Jan.9 in Rabat. Morocco-European Union, Economics, 1/11/2001 - Common grounds in Morocco-EU fishery talks are hard to reach, says french ambassador Morocco-European Union, Economics, 1/11/2001
- Executive board of Moroccan - Egyptian business council meets in casablanca
The executive boad of the Moroccan-Egyptian business council will hold a meeting next week in Casablanca, it was officially announced here. Morocco-Egypt, Economics, 1/10/2001 - Saudi, British trade relations highlighted
The Saudi minister of commerce Osama Bin Jaafar Faqih on Tuesday in al-Riyadh met with the British minister of State for commerce affairs Richard Kaborn and members of the accompanying delegation, currently in a visit to Saudi Arabia which will last for several days. Saudi Arabia-UK, Economics, 1/10/2001 - Morocco, China convene joint commission
Morocco and China will hold the fifth session of their joint economic commission on Jan. 20-21 in Beijing, the Chinese embassy in Rabat announced on Tuesday. Morocco-China, Economics, 1/10/2001 - Binding descision to maintain foreign reserve level
Egypt's Prime minister Atef Ebeid annouced new procedures to energize the market and shoot up investments through pumping new projects in the fields of education, health, water, sanitary drainage and highways networks. Egypt, Economics, 1/10/2001 - Morocco denies retracting positions on fishery agreement with EU
Moroccan fishery minister, Said Chbaatou, denied Tuesday that Morocco has retracted some of its positions in negotiations over a new fishery agreement with the European Union. Morocco-European Union, Economics, 1/10/2001 - Moroccan Exporters Plan Trade Trip to Nigeria Morocco-Nigeria, Economics, 1/10/2001
- Egypt, Saudi Arabia to establish free zone area
The Saudi foreign minister Saud al-Faisal said on Monday he will discuss today with the Egyptian foreign minister Amr Moussa the establishment a free trade area between the two states and canceling of customs restrictions. Saudi Arabia-Egypt, Economics, 1/9/2001 - Air flights resumed between Saudi Arabia, Iran Saudi Arabia-Iran, Economics, 1/9/2001
- Jweili for boosting inter- Arab trade
The secretary general of the Arab economic unity council Ahmad Jweili has stressed the importance of increasing inter- Arab trade and facilitate the move of commodities among these states as well as trade integration to cover the imports gap among these countries. Regional, Economics, 1/9/2001 - Moroccan-Indian oil-prospecting cooperation probed
Head of the Moroccan oil research and exploitation office (ONAREP), Amina Belkhadra, examined in Rabat cooperation opportunities with visiting vice-president and general-manager of the Indian petroleum and natural gas firm "ONGC," respectively D.S. Porwal and S.S. Yalamarty. Morocco-India, Economics, 1/9/2001 - Means to upgrade Morocco - Pakistan economic ties studied
Means to upgrade economic and commercial ties between Morocco and Pakistan were studied at a meeting in Rabat Monday between head of the Moroccan trade, industry and services chambers federation (FCCISM), Abdallah Zouhir, and Pakistan's ambassador to Morocco, Shujaat Ali Khan. Morocco-Pakistan, Economics, 1/9/2001 - Morocco and Iran move to re-launch trade
The Moroccan federation of chambers of commerce, industry and services and its Iranian peer will set up a joint structure to re-launch trade between the two countries. Morocco-Iran, Economics, 1/9/2001 - American investments in the UAE recede
Chairman of the council specialized in supporting the Americans in Dubai and the Northern Arab emirates T.B. Makliland has admitted that American investment in the United Arab Emirates UAE have been affected as a result of the people's boycott of the American commodities and products since the eruption of the Palestinian Intifada. United Arab Emirates-USA, Economics, 1/9/2001 - Three touristic projects to be completed
"During this tourist season, three giant projects will be inaugurated. These projects are Abu Simbel, Philae and Kalabsha temples," said Minister of Culture, Farouk Hosni. Egypt, Economics, 1/9/2001 - Morocco-EU political talks on fisheries resumed in rabat
European commissioner of agriculture and fisheries, Franz Fischler, and Moroccan fishery minister, Said Chbaatou, resumed in Rabat Tuesday political talks paving the way to a fishery agreement. Morocco-European Union, Economics, 1/9/2001 - Saudi Arabia, Egypt to reduce customs fees
The Saudi secretary of the ministry of finance and the national economy Dr. Hamad al Bazai has expected the volume of reducing custom fees on commodity of national origin between Saudi Arabia and Egypt to 40% this year. Saudi Arabia-Egypt, Economics, 1/8/2001 - On the Gulf customs federation
The secretary general of the Gulf Cooperation Council GCC member states Sheikh Jamil al-Hujeilan has expressed his optimism over the establishment of the customs federation for the GCC member states at its set date scheduled the first of March 2005. Gulf, Economics, 1/8/2001 - Foreign investments rate up by 13 per cent in New Year report
"The foreign investments in Egypt are expected to increases' by 13 per cent this year against 19.3 per cent last year," a report by the Ministry of Economy said. Egypt, Economics, 1/8/2001 - Suez Canal suspending bridge during Sinai festivals next April
It will join Asia and Africa in the most strategic point there. The bridge will be operating for vehicles traffic round the clock daily in cooperation with Japan. Egypt, Economics, 1/8/2001 - Palestinian economy sustains $862 million losses in two months
Palestinian economy sustained in two months (October and November) over $862 million in losses, due to continued siege imposed by the Israeli occupation authorities, says a report by the Palestinian Central Bureau of Statistics (PCBS). Palestine, Economics, 1/8/2001