Arabic News Weekly Edition for Economics, 1/22/2001
Weekly Edition, Economics - Week of January 22, 2001
- Economic program to increase exports by 30%
The ministerial economic group, under Prime Minister Dr. Atef Ebeid presented yesterday a report on the government's economic policies, mainly featuring the approval of a program to increase exports by 30% a year,thus raising annual revenues to $ 1.2 billion. Egypt, Economics, 1/27/2001 - Syria is ready to buy the Palestinian agricultural produce Syria-Palestine, Economics, 1/27/2001
- US to cancel soon ban on tourism
Tourism Minister Mamdouh Al-Beltagui said that he had received US confirmation that ban on Tourism to Egypt will be lifted. Egypt-USA, Economics, 1/27/2001 - US Vanco Energy Launches Oil Drilling off Safi Morocco-USA, Business, 1/27/2001
- Indonesians demonstrate against plans to establish trade with Israel Israel-Indonesia, Economics, 1/27/2001
- Meeting on investments in Maghreb
The 5 Plus 5 conference of foreign ministers of the cooperation process in the west Mediterranean meeting in Lisbon on Friday decided to hold a meeting in Morocco on the promotion of investments in the Maghreb. Maghreb, Economics, 1/27/2001 - Oil, Gas Discovered off Morocco, Daily Morocco, Economics, 1/27/2001
- Morocco's debt downsized, minister
Morocco said that its external debt has been significantly reduced, its share of the Gross Domestic Product (GDP) having stood at 50 per cent at the end of 2000. Morocco, Economics, 1/26/2001 - Morocco, EU resume technical negotiations on fisheries
Technical negotiations between Morocco and the European Union on fisheries resumed Thursday afternoon in Rabat after a two-week pause. Morocco-European Union, Economics, 1/26/2001 - Real estate and tourism bank increases capital
The governing board of the Moroccan Credit Immobilier et Touristique (CIH), a bank specializing in financing real-estate and tourism projects, has increased its capital by $ 200 million (2 billion Dirhams). Morocco, Economics, 1/26/2001 - Turkey and Iraq for developing trade and economic relations Iraq-Turkey, Economics, 1/26/2001
- Morocco calls EU to open market to moroccan agricultural produce
Morocco on Thursday called on the European Union to open its markets to Moroccan agricultural produce. Morocco-European Union, Economics, 1/26/2001 - UAE loan for Jordan to finance al-Wahda project United Arab Emirates-Jordan, Economics, 1/25/2001
- Mubarak chairs economic group ministers meeting
Ebeid reported that the Central Bank, in cooperation with other banks, would provide all foreign currency needs without delay. The Minister of Information said that President Mubarak stressed during the meetings the importance of the government's commitment to correct the practices of exchange offices in accordance with binding and firm statutes and policies and bring violators to account. Egypt, Economics, 1/25/2001 - Ten Arab, Asian, African ministers attend Khartoum exhibition Sudan, Economics, 1/25/2001
- Iraqi official and the Banias- karkouk oil pipeline Iraq-Syria, Economics, 1/25/2001
- Ethiopia, Egypt, Sudan meet on investing the Nile waters
Experts from Egypt, Sudan and Ethiopia started on Wednesday in Addis Ababa discussions on ways to exploit the waters of the Nile in preparations for a ministerial meeting due to be held in the Ethiopian capital ( Addis Ababa) on Friday. Egypt-Sudan, Economics, 1/25/2001 - King Mohammed meets head of Procter and Gamble group
Morocco's King Mohammed VI, accompanied by Prince Moulay Rachid, received here Wednesday John Pepper, President and Managing Director of the US "Procter & Gamble" Group. Morocco-USA, Business, 1/25/2001 - Turkey and Israel sign water agreement Israel-Turkey, Economics, 1/25/2001
- The minimum rate for wages in Syria is 300% bellow minimum living standards
The question of increasing wages and linking the minimum rates of wages to the minimum standard of living is considered one of the main issues debated in Syria. Syria, Economics, 1/24/2001 - Rabat, Riyadh eye creation of free trade area
Morocco and Saudi Arabia agreed on the need to reach an adequate formula for the creation of a bilateral free trade area. Morocco-Saudi Arabia, Economics, 1/24/2001 - Morocco's GDP to post 8.1 per cent growth in 2001, minister
Morocco's Gross Domestic Product (GDP) is expected to grow by 8.1 per cent in 2001, Moroccan economy, finance, privatization and tourism minister, Fathallah Oualalou said on Monday. Morocco, Economics, 1/24/2001 - Egyptian European partnership agreement signing soon
Egypt's Foreign Minister Amr Moussa said Egypt will soon sign the partnership agreement with Europe, adding he gave instructions to the Egyptian embassy in Brussels to set a date for the signing in the next few days. Egypt-European Union, Economics, 1/24/2001 - Morocco, China set up business council
Morocco and China have agreed to set up a business council that will contribute to the consolidation of cooperation and partnership between the two countries. Morocco-China, Business, 1/24/2001 - Madrid pledges to secure Moroccan goods transit via Spain
The Spanish government will take all necessary security measures to secure transit of Moroccan exports via Spain, said Spanish minister of the interior, Jaime Mayor Oreja. Morocco-Spain, Economics, 1/24/2001 - Moroccan - Saudi businessmen study obstacles to trade
The Moroccan-Saudi business council held a meeting in Rabat Monday to study obstacles hampering economic and commercial exchanges between the two nations. Morocco-Saudi Arabia, Economics, 1/23/2001 - Efforts to encourage French investment in Sudan
In a statement to the Sudanese daily al-Rai al- Am issues on Monday, Ismael explained he had agreed with the French minister to eliminate all obstacles hindering the work of the French investment companies in Sudan, to ensue necessary protection guarantee to them. Sudan-France, Economics, 1/23/2001 - Italian Business Mission in Morocco Morocco-Italy, Economics, 1/23/2001
- New list in the names of Jordanians normalizing with Israel
The Jordanian anti- normalization committee announced the names of the second shift of the list of those who normalize relations with Israel. The list includes the names of 68 companies, establishments and figures who are maintaining such relations with Israel. Jordan-Israel, Economics, 1/23/2001 - Proctor and Gamble offers to raise investments in Egypt
He said that the company's investments at its factories at 6th of October City amounted to about $ 300 million and provided 1000 job opportunities for Egyptians. Egypt-USA, Business, 1/23/2001 - Algerian imports of cereals up
Algeria has imported 7.3 million tons of cereals in 2000, and thereby representing an increase of 12% over its cereals imports in 1999, of 800,000 tons. This was as a result of the recession of Algeria's cereal production because of the drought wave hit the country. Algeria, Economics, 1/23/2001 - Eu lends Palestinians 30 million Euros
The European Union foreign ministers agreed on Monday to lend the Palestinian authority 30 million Euros to counter cessation of Israeli financial aid to the Palestinian authority. Palestine-European Union, Economics, 1/23/2001 - Iraq to sign an economic agreement with Syria Iraq-Syria, Economics, 1/22/2001
- View on the decision to open private banks in Syria
The Kuwaiti daily al-Seyasah said in its Sunday's issue quoting the Syrian economic expert Raslan Khadour on the decision of opening private banks in Syria that this "new activity needs caution and control because investment in the banking sector is sensitive." Syria, Economics, 1/22/2001 - UN mulls over development and energy Regional, Economics, 1/22/2001
- Moroccan - Saudi Joint Commission Meets
Morocco and Saudi Arabia will start on Tuesday in Rabat the 7th session of their joint commission to debate means to upgrade bilateral economic and commercial cooperation. Saudi Arabia-Morocco, Economics, 1/22/2001 - Morocco and Iran take moves to boost cooperation
Morocco and Iran have taken a series of measures to boost cooperation and trade exchanges, on the occasion of the visit to Iran this Jan.16-21 by Moroccan premier, Abderrahmane Youssoufi, the first by such a high level Moroccan official since the Islamic revolution of 1979. Morocco-Iran, Economics, 1/22/2001 - Israel to buy Turkish waters Israel-Turkey, Economics, 1/22/2001
- Algerian, French, Malaysian gas companies sign $ 2 billion-deal
Algerian fuel manufacturing company, SONATRAC, Gas de France, and Malaysian Petronas signed on Saturday a two billion dollar worth deal to improve the 17,000 square meter Ahnat gas fields 400 kilometers from Ain Saleh in southern Algeria. Algeria-France, Economics, 1/22/2001 - Commonwealth markets awaiting Egyptian investments
Ambassador Ashraf Za'za, Secretary General of the Technical Cooperation Fund of the Commonwealth in Foreign Ministry said that Commonwealth markets are waiting Egyptian commodities and products. Egypt-Regional, Economics, 1/22/2001 - Trade balance deficit down Egypt, Economics, 1/22/2001
- Morocco, EU to resume technical talks on fisheries
Morocco and the European Union will resume Technical Talks on Fisheries on Thursday in Rabat, announced Said Chbaatou, fihery minister. Morocco-European Union, Economics, 1/22/2001