Arabic News Weekly Edition for Economics, 2/12/2001
Weekly Edition, Economics - Week of February 12, 2001
- Algerian - Egyptian talks focus on furthering economic, trade relations
The preparatory panel concluded on Thursday preparations of the agenda and the six cooperation agreements to be signed by the two sides with the aim of buttressing economic and trade relations. Algeria-Egypt, Economics, 2/17/2001 - Egypt's plan of action centers on unemployment, development
Egypt's Prime Minster Atef Ebeid said that the government's plan of action centers on three issues: the joblessness, the balance between the state's resources and spending and increasing the growth rate to 7.8 percent. Egypt, Economics, 2/17/2001 - Syria and Lebanon to buy Sudanese meat
The Sudanese minister of livestock minister Abdullah Muhammad Sayed Ahmad has announced the consent of both Syria and Lebanon to import the Sudanese meat after they leant about the assurances on health and quarantine measures pursued in Sudan. Sudan-Regional, Economics, 2/17/2001 - Italy writes off Egypt's debts
"Between 2001 and 2005 Italy will gradually drop the $164.7 million in owed Egyptian debts, Mansour said, adding that a new economic agreement between the two countries would take care of that. Egypt-Italy, Economics, 2/17/2001 - Egypt - China boost cooperation in oil domain
Chairman of Chinese National Oil Company, the biggest oil company in China, hailed as excellent cooperation between Egypt and China in the field of petroleum. Egypt-China, Economics, 2/17/2001 - Morocco's interests should be central in any new fishery accord, minister
Morocco on Friday stressed that the preservation of its interests should at the core of any new fishery accord with the European Union. Morocco-European Union, Economics, 2/17/2001 - Denmark extends grants to Egypt worth LE 700
Denmark confirmed continuation of extending assistance to Egypt during the coming six years, where it will extend aid during this period worth Dkr 1.4 billion (about LE 700 million). Egypt-Denmark, Economics, 2/17/2001 - Moroccan - Italian business council holds first meeting
The Moroccan-Italian business council held recently its first meeting in the Moroccan metropolitan city of Casablanca. Morocco-Italy, Business, 2/17/2001 - King Mohammed receives airbus chief
Morocco's King Mohammed VI received Thursday in Tangiers Noel Forgeard, president of the European plane construction company Airbus, who was accompanied by Abdellah Sbai, Airbus vice-president for North Africa and Middle East. Morocco, Business, 2/16/2001 - $ 6 billion, the volume of Iraqi- Arab trade Iraq-Regional, Economics, 2/16/2001
- Damascus: Banking laws and the bourse in the beginning of March
In its issue published on Wednesday, the Syrian daily al-Thawra said that the Syrian people's Assembly PA will discuss in its ordinary session that will start February 17 tomorrow (Saturday) the law provides for the establishment of joint and private banks, the issue of banking secrecy as well as the law to establish a stock market approved on Tuesday by the Syrian government. Syria, Economics, 2/16/2001 - Saudi- Jordanian efforts to sign the free trade agreement
Saudi Arabia and Jordan are working to sign two agreements. The first provides for the establishment of a free trade zone and the second to protect the investment and encourage it between the two states. Jordan-Saudi Arabia, Economics, 2/16/2001 - Qatari gas to the Emirates
Qatar's minister of energy and industry Abdullah al-Ateyah has expected to reach an integrated agreement to export Qatari gas to the United Arab Emirates (UAE) very shortly. Qatar-United Arab Emirates, Economics, 2/16/2001 - A study to increase investments in Egypt
The investment committee formed inside the economic committee in the national party in Egypt has completed a study on ways of the foreign investment flow to Egypt and improving the conditions in stumbled establishments. The study has reached several measures that can be reached in order to encourage the flow of capital flows into the Egyptian economy. Egypt, Economics, 2/15/2001 - Inflation down to 2.3% in 2000
Egypt's Prime Minister Atef Ebeid on Wednesday met with International Monetary Fund (IMF) Arab group representative Abdel Shakour Shalan. Egypt, Economics, 2/15/2001 - International oil firm eyes Egypt for projects
He made it clear that extracting oil substances required $ 1.8 billion, adding that the investments going into the project of liquefying gas amounted to $ one billion. Egypt, Economics, 2/15/2001 - A call to reduce food imports to the Arab states
A new report by the Arab trade financing program has called for investing available opportunities in the inter- Arab trade to achieve Arab food security through achieving self- reliance on food imports. Regional, Economics, 2/15/2001 - Morocco eyes 10.3 percent growth rate in 2001, center says
After two years of stagnation, Morocco will post a 10 percent growth rate in 2001, predicted the Moroccan Juncture Center (CMC, an independent think tank studying economic trends). Morocco, Economics, 2/15/2001 - Cairo denies signing gas export agreement with Israel
The Egyptian oil minister Sameh Fahmi has denied signing gas exporting agreements with Israel since he assumed the post of a minister just one year before. Egypt-Israel, Economics, 2/15/2001 - Mediterranean conference on energy calls for grids interconnections
The 5th ministerial conference on energy cooperation in the Mediterranean held in Casablanca Tuesday adopted a final declaration, calling on Mediterranean Countries to further efforts to ensure success to the electric grids interconnections process. Regional, Economics, 2/14/2001 - Two international institutions to issue dollar bonds
Egypt has selected Morgan Stanley and Merrill Lynch International as lead managers for its dollar bond to be offered on world markets, an official said yesterday. Egypt, Economics, 2/14/2001 - Egypt, Spain sign agreements on bilateral cooperation
Egypt's Prime Minister Atef Ebeid and his Spanish counterpart Jose Maria Aznar attended late Monday the signing of two agreements on promoting bilateral cooperation in the fields of tourism and small-scale projects. Egypt-Spain, Economics, 2/13/2001 - Sea line inaugurated between Iraq, UAE
Al-Thurayya company for naval services on Monday inaugurated the second naval line for passengers transport linking Rashed port in Dubai and UM Qaser port in Iraq at an average of one trip weekly to transport passengers and commodities. United Arab Emirates-Iraq, Business, 2/13/2001 - Free trade between Saudi Arabia, Jordan
The Saudi minister of industry and the electricity Hashem Yamani on Monday in al-Riyadh discussed with the Jordanian minister of industry and commerce Wasef Azar the possibility of reaching an agreement to establish a free trade area to be the general framework in trade dealings between the two states. Saudi Arabia-Jordan, Economics, 2/13/2001 - Jweili and the economic Arab common market
The secretary general of the Arab economic unity council Ahmad Jweili has stressed that the establishment of the Arab common market is the security valve to withstand the globalization system and the world economic and trade transformations. Regional, Economics, 2/13/2001 - Arab boycott offices of Israel meet on April 22
The Damascus Arab League main office for the boycott of Israel has extended invitations for the regional Liaison officers from all Arab states to attend the meeting of the boycott offices in Damascus in April 22. Regional, Economics, 2/13/2001 - Saudi aids to the Palestinians
The Saudi minister of finance and the economy Ibrahim al-Assaf discussed on Monday in al-Riyadh with the palestinian official in charge of planning and international cooperation Nabil Shaath and members of the accompanying delegation the drastic conditions imposed on the Palestinian people. Saudi Arabia-Palestine, Economics, 2/13/2001 - Ebeid highlights IT development plans
"Information technology (IT) is the backbone of Egypt's future development plans and the government is opening the door to all investors regardless of nationality," Prime Minister Atef Ebeid asserted yesterday. Egypt, Economics, 2/13/2001 - Spanish Business Mission in Morocco Morocco-Spain, Economics, 2/13/2001
- Morocco, Italy sign four cooperation accords
The first accord, initialed by head of the Moroccan industrial federation (CGEM) Hassan Chami and vice president of the Italian Confindustria (employers' association) Francesco Belloti, provides for the setting up of a Moroccan-Italian business council. Morocco-Italy, Economics, 2/13/2001 - $ 100 million tourism project launched in Agadir
A large scale investment tourism project was launched Monday in Agadir to build a $ 100-million hotel complex. Morocco, Business, 2/13/2001 - Egypt: exports up 43 percent, imports down 13 percent
Economic indicators showed that over the last fourteen months, the Egyptian economy has achieved positive progress. Trade balance deficit dropped by 26%, or US$ 2.053 billion, while exports increased by 42.8%, or US$ 1.940 billion and imports decreased by 12.9%, or US$1.3 billion, according to a Cabinet report. Egypt, Economics, 2/12/2001 - Saudi- Jordanian trade cooperation
The Saudi minister of commerce Osama Faqih on Sunday in al-Riyadh met with the Jordanian minister of commerce and industry Wasif Faqih and members of the accompanying delegation. Jordan-Saudi Arabia, Economics, 2/12/2001 - Arab League fine tunes free trade zone concept
The council will look into ways of developing a thriving free trade zone, including how to set up an oversight committee to handle disputes, how to coordinate competition and break monopolies, how to establish a unified system of tariffs, and how to form technical teams of experts to pursue putting into effect all measures leading to the smooth operation of an undertaking of such mammoth proportions as the Arab free trade zone. Regional, Economics, 2/12/2001 - Five-year Plan to boost tourism
The Higher Tourism Council held a meeting on Sunday under Prime Minister Atef Ebeid. Egypt, Economics, 2/12/2001 - Morocco's techno-parks project interests US investors
US investors would be interested in Morocco's project to open new information technologies parks. Morocco-USA, Economics, 2/12/2001 - Cairo hosts Islamic towns conference Regional, Economics, 2/12/2001
- British Airways increases flights to Morocco
GB Airways, a franchise of British Airways, has increased its flights to Morocco to 10 weekly. Morocco-UK, Business, 2/12/2001 - Maroc-Telecom purchases 54 percent in mauritanian telecom company
Morocco's phone operator, Maroc-Telecom, has purchased 54 percent of the Mauritanian phone company, Mauritel. Morocco-Mauritania, Business, 2/12/2001