Arabic News Weekly Edition for Economics, 2/5/2001
Weekly Edition, Economics - Week of February 5, 2001
- Maroc-telecom CEO in Mauritania Mauritania-Morocco, Business, 2/10/2001
- US firm announces commercial operation of unit 4 at Jorf Lasfar power plant in Morocco
US CMS Energy Corporation's independent power unit, CMS Generation Co., announced on Friday the start of commercial operation at Unit 4 of the $1.5 billion, 1,356- megawatt Jorf Lasfar power plant on the Atlantic shore in Morocco. Morocco-USA, Business, 2/10/2001 - Egypt, Italy good relations, economic cooperation
Egypt's Prime Minister Atef Ebeid said the visit of President Mubarak to Italy in the second half of this month aims at fostering joint cooperation mainly in the fields of trade and investment, adding that Egypt and Italy would sign an economic agreement under which Egypt's outstanding debts to Italy to the value of LE 560 million would be transferred into non refundable grant for financing development projects in Egypt. Egypt-Italy, Economics, 2/10/2001 - Iraq to increase its trade volume with Thailand
The Iraqi foreign minister Muhammad Saeed al-Sahaf said on Friday that his country will double volume of its trade with Thailand which is considered one of the main members in the ASEAN ( the Association of the Southern East League). Iraq-Thailand, Economics, 2/10/2001 - Moroccan- Italian industrial partnership probed at Casablanca conference
Italy is Morocco's fifth client and fourth supplier. In 1999, the volume of Italian investments reached 135 million DH ($ 12.8 mln), marking a 100% growth compared to 1998. However, they only account for 0.7% of foreign investments in Morocco. Morocco-Italy, Economics, 2/10/2001 - Modernization of Egypt, main project of the century
This year, the government policy statement included four specific programmes; one for providing decent life to the poor, the second for providing the basic services, especially the drinking water; the third for economic development, and the fourth for modernization of the Egyptian society. Egypt, Economics, 2/10/2001 - Official expounds Moroccan information technologies strategy
Morocco has adopted an ambitious strategy of new information and communication technologies (NICT), in the perspective of the projected free trade zone with Europe in 2010, said here Friday Nasser Hajji, secretary of state in charge of the new information and communication technologies. Morocco, Economics, 2/10/2001 - Morocco and UAE group sign tourism investment convention
Morocco and "Liwa" group, an international tourism investment company, signed in Rabat on Friday a convention, worth 200 million DH ($ 19,04 Mln), for the renovation and extension of the Liwa-owned three Sheraton hotels. Morocco-United Arab Emirates, Business, 2/10/2001 - New round of Morocco-EU political talks on fisheries as progress is cited in technical talks
The European Union Commissioner for Fisheries, Franz Fishler, will be visiting Morocco this Feb.20-21 for talks with fisheries minister, Said Chbaatou, to "bring Moroccan and EU stances on the fisheries issue even closer," Fishler's spokesman said. Morocco-European Union, Economics, 2/10/2001 - Morocco gets $8 million OPEC fund loan to expand hospital
Morocco and the Geneva-based OPEC Fund for International Development signed a US$8 million loan agreement with Morocco to help improve medical services in and around the central city of Marrakech. Morocco, Economics, 2/10/2001 - Portuguese enterprises seek outlets and partners in Morocco
Managers of 29 Portuguese enterprises will be visiting Morocco this Feb.13-14 on a prospecting mission seeking outlets for their products or partnerships with Moroccan enterprises. Morocco-Portugal, Business, 2/9/2001 - International Arab communication conference opens in Beirut Regional, Economics, 2/9/2001
- Morocco, Central Africa Sign MOU on Air Transport
Morocco and Central Africa signed a memorandum of understanding on air transport and cooperation in matters in civil aviation. Morocco-Central African Republic, Economics, 2/9/2001 - Morocco, EU Resume Negotiations on Fisheries Friday Morocco-European Union, Economics, 2/9/2001
- Tripoli to grant Morocco remainder of loan
Libya decided to speed up the procedure to extend Morocco $ 55 million, remainder of a $100 million loan to Morocco. Libya-Morocco, Economics, 2/8/2001 - Moroccan- Senegalese air company operates first flight on feb.22
The Moroccan-Senegalese air company "Air Senegal International," set up last November, will operate its first flight from Dakar this feb.22, said on Tuesday the company general manager, Mohamed El Aoufir. Morocco-Senegal, Business, 2/8/2001 - World Bank Determined to Back Morocco's Social Programs
The world bank is determined to back Morocco's social programs, all the more so as struggle against poverty is on top of the bank's priorities, said two senior executives of the bank who are currently on a visit to Morocco. Morocco, Economics, 2/8/2001 - British businesses look for partnerships in Morocco
A group of British businesses will visit Morocco this Feb.12-17 to look for opportunities in the Moroccan market and for partnerships with Moroccan companies, announces a statement of the British embassy in Rabat. Morocco-UK, Business, 2/8/2001 - Second GSM operator in Morocco to launch internet on mobile phones
Medi-Telecom, the second GSM operator in Morocco, is about to launch a new product, the Generalized Packet radio Service (GPRS), opening thus the way to mobile internet in the country. Morocco, Business, 2/8/2001 - Morocco, EU hold new round of negotiations on fisheries
Morocco and the European Union resumed this Thursday in Brussels technical negotiations on fisheries. Morocco-European Union, Economics, 2/8/2001 - Oman, Morocco set up business council
Oman and Morocco decided at the first session of the Moroccan-Omani joint commission held here Monday to set up a businessmen council that will explore investment and partnership opportunities between the two sides. Oman-Morocco, Economics, 2/7/2001 - Saudi- French trade relations reviewed
The Saudi minister of commerce Osama Faqih on Tuesday in al-Riyadh met with the French foreign trade minister Francois Hufart and members of the accompanying delegation. Saudi Arabia-France, Economics, 2/7/2001 - Economic cooperation high on Egypt, Italy Agenda
Economic, commercial and investment cooperation is to feature high on the agenda of the Egyptian-Italian summit. Egypt-Italy, Economics, 2/7/2001 - Dellah Al Baraka holding to carry out tourism compound in Agadir
Morocco and the holding "Dellah Al Baraka" signed in Rabat on Tuesday a Memorandum of Understanding under which the holding will carry out a large tourism compound in Taghazout (15 km north of the Atlantic sea resort of Agadir). Morocco, Economics, 2/7/2001 - Cabinet initially approves special economic zones bill
The Cabinet, at its meeting Tuesday under Prime Minister Atef Ebeid, approved in principle, a 57-article draft law on special economic zones prior to referring it to the People's Assembly and Shura Council. Egypt, Economics, 2/7/2001 - Exchange market moving to stability
The Cabinet decided to devote a place at the building of the Investment Authority at which all government agencies which deal with investors will have representatives. Egypt, Economics, 2/7/2001 - Algerian dates and Jewish traders
Algerian sources specialized in exporting dates unveiled that the Algerian "Daqlat al-Nour" dates production which enjoys an international dates has been used by Jewish businessmen who own date factories in Tunisia and European states. Algeria, Economics, 2/7/2001 - Port authority to invest $ 266.6 million over 2001-2005 period
The Moroccan port authority (ODEP) said Monday it will invest a total of $ 266.6 million (2.8 billion DH) over the 2001-2005 period. Morocco, Economics, 2/7/2001 - Japan extends Morocco $ 43.6 million loan Morocco-Japan, Economics, 2/7/2001
- Indonesia holds secret trade relations with Israel
The advisor for the B.T. Asouransy Hasindo for government insurance Zu al-Kufl Zaman Khan announced that Indonesia had secretly opened trade channels with Israel. Israel-Indonesia, Economics, 2/7/2001 - Egypt's oil minister to visit Iraq today
A source at the Iraqi oil ministry said on Monday that the Egyptian oil minister Samih Fahmi will today start a visit to Iraq aiming at holding oil talks with Iraqi officials, according to the agreement of liberalizing trade recently signed between the two states. Iraq-Egypt, Economics, 2/6/2001 - Conference On Oil, Gas In North Africa Convenes In Tunisia
More than 400 oil exploration experts are attending an international conference on oil and gas which started here on Monday. Regional, Economics, 2/6/2001 - Morocco, Namibia to give momentum to cooperation
Morocco and Namibia agreed to give a new momentum to their bilateral cooperation and to reactivate the project to set up a joint commission on economic, financial, cultural and technical cooperation. Morocco-Namibia, Economics, 2/6/2001 - Malaysia for boosting economic relations with Iraq
Malaysia's foreign minister Sayed Hamid al-Bar has said that strengthening economic relations was in the core of the talks he held on Monday in Kuala Lumpur with his Iraqi counterpart Muhammad Saeed al-Sahaf. Iraq-Malaysia, Economics, 2/6/2001 - Projects to provide 250,000 job opportunities
The People's lending institutions committee, under Prime Minister Atef Ebeid, Monday met to discuss giving more loans to people to procure new job opportunities through specialized banks, businessmen societies and the Social Fund for Development (SFD). Egypt, Economics, 2/6/2001 - US agency to extend Morocco $ 600,000 grant Morocco-USA, Economics, 2/6/2001
- WB, Egypt a new strategy for development programs
"The Egyptian government and the World Bank (WB) are holding intensive dialogue to lay down a new strategy pinpointing work priorities in the development programs for the coming three or four years," said the Chairman of the WB mission. Egypt, Economics, 2/6/2001 - Tunisia - Egypt Summit boosts economic, trade cooperation
"Beefing up economic and commercial cooperation is one of the goals expected from Mubarak-Ben-Ali Summit on Monday in Tunis," economic experts expected on the eve of the visit. Tunisia-Egypt, Economics, 2/5/2001 - Four Arab foreign ministers meet in Rabat in march on free-trade area Regional, Economics, 2/5/2001
- Moroccan- Omani commission holds first meeting Oman-Morocco, Economics, 2/5/2001
- Gulf agriculture, electricity and water ministers meet in al-Riyadh
Meetings of the ministers of agriculture, electricity and the waters started in Riyadh on Sunday to discuss the current needs of the Gulf states for waters and to find out appropriate solutions for that. Gulf, Economics, 2/5/2001 - Algerian, Gabon maintain trade co-operation Algeria-Gabon, Economics, 2/5/2001
- More efforts for maintaining exchange market stability
Egypt's President Mubarak yesterday held a meeting with economic ministerial group for following up the government financial and economic policies. Egypt, Economics, 2/5/2001 - Minister expects good economic performance in 2001
Morocco's minister of economy, finance, tourism and privatization, Fathallah Oualalou, is expecting a good performance of the Moroccan economy in 2001 in view of a positive international juncture and internal factors. Morocco, Economics, 2/5/2001 - Kuwaiti Company Signs Suez Canal Cleaning Contract Egypt-Kuwait, Business, 2/5/2001
- Sudanese government studying plans to form free trade zone with Kuwait
The Sudanese government is studying plans to hold a free trade zone with Kuwait Sudan-Kuwait, Economics, 2/5/2001 - Spanish fish professionals stage actions against Moroccan fish exports
Fish professionals of the Spanish southern region of Andalusia will stage this week a mobilization campaign against the entrance of Moroccan fish exports to Spain, as a pressure on Morocco in the fisheries negotiations with the European Union. Morocco-Spain, Economics, 2/5/2001