Arabic News Weekly Edition for Economics, 2/19/2001
Weekly Edition, Economics - Week of February 19, 2001
- Cairo declaration stresses vital role of private sector
Mubarak will deliver a speech calling on members to launch more cooperation in economic and trade fields and encourage investment to redress the world trade imbalance. Egypt-Regional, Economics, 2/24/2001 - D-8 Summit, new boost to economic cooperation
Egypt's Prime Minister Atef Ebeid has stressed the importance of the D-8 summit saying it would make exmpahsis on economic aspects and would enhance commercial and economic cooperation among the D-8 members. Egypt-Regional, Economics, 2/24/2001 - As conditions worsen in West Bank and Gaza, UN pitches urgent bid for funds
With continuing confrontations in the occupied territories and the resultant Israeli punitive restrictions on movement in the West Bank and Gaza, the key United Nations relief agency in the region has requested $37.2 million to help refugees there for the next three months. Palestine, Economics, 2/24/2001 - Some 2.5 million tourists visited Morocco in 2000 Morocco, Economics, 2/24/2001
- Syrian Premier receives delegations of Shell company; German parliament and Swiss chamber of commerce
Syrian prime minister Muhammad Mustafa Miro on Thursday received the chairman of the Swiss- Arab chamber of commerce and industry, the chamber's secretary general Ateyah Amin and members of the accompanying delegation. Syria-Switzerland, Economics, 2/23/2001 - A report warns against the collapse of the Palestinian economy
In its meeting to be held in Cairo by the beginning of March, under the chairmanship of Qatar's foreign minister Sheikh Hamad Bin Jasem, the Arab League AL council will discuss a comprehensive report that warns against the collapse of the Palestinian economy. Palestine, Economics, 2/23/2001 - Some 64,000 Israelis lose their jobs because of the Intifada
Some 64,000 Israelis have lost their jobs because of the economic slowness resulted from the Palestinian uprising which started on September 28, 2000, according to the figures of the Israeli social affairs and labor ministry. Israel, Economics, 2/23/2001 - Morocco-Senegal air company makes inaugural flight
The Moroccan-Senegalese joint air company, Air Senegal International (ASI), made Thursday its inaugural flight. Morocco-Senegal, Business, 2/23/2001 - Moroccan businessmen delegation in India
A Moroccan businessmen delegation will visit India February 26 through March 1 to debate with Indian peers means to upgrade relations between the Moroccan and Indian private operators. Morocco-India, Business, 2/23/2001 - Moroccan fisheries offers are unacceptable, Spain says
Spanish agriculture, fisheries and food minister, Miguel Arias Canete, said Thursday Morocco's offers for fisheries cooperation with the European Union are "unacceptable." Morocco-European Union, Economics, 2/23/2001 - Lebanese minister calls for expansion of economic ties with Iran Beirut Lebanon-Iran, Economics, 2/22/2001
- Jordanian- Iranian memorandum of understanding customs Jordan-Iran, Economics, 2/22/2001
- Ebeid discusses Egypt- World Bank cooperation
Ayoub said that he reviewed cooperation between Egypt and the WB over the next stage especially in what regards financing part of the infrastructure projects and rural development in the Egyptian governorates. Egypt, Economics, 2/22/2001 - No fisheries accord with EU, Morocco makes proposals
Morocco and the European Union failed Wednesday to reach a new fisheries accord, but Morocco brought an option of a one-year arrangement for the non-sensitive species for 100 European vessels without compensation. Morocco-European Union, Economics, 2/22/2001 - Profit making, major aim of the company; D-8 countries
Experts attended the meeting from all D-8 member-states, representatives of Finbi, the consultant firm entrusted with the task to prepare the International Marketing and Trade Company (IMTC) feasibility study, the Islamic Chamber of Commerce and Industry. Regional, Economics, 2/22/2001 - Algerian president returns from tripartite African summit
The Africa's Marshal plan aims at implementing an industrial strategy on Africa and adapting investment, especially in sectors relating to the sectors of technology, communications and developing industrial structures in the areas of transport, energy, establishing peace and stability and a democratic rule system. Algeria-Regional, Economics, 2/22/2001 - Lebanese delegation visits Iraq
A large Lebanese economic delegation chaired by the minister of the economy and commerce Bassel Fleihan will on Saturday start a visit to Iraq during which it will hold talks with the Iraqi officials. The Lebanese delegation will attend a specialized Lebanese exhibition organized for the four running years in Baghdad. Lebanon-Iraq, Economics, 2/22/2001 - Kuwaiti fund extends $65 million loan to Morocco
The Kuwaiti fund for Arab economic development will extend Morocco a $ 65 million loan (20 million Kuwaiti Dinars or 680 million DH) destined to co-finance the construction of a dam in the region of Midelt, some 300 KM to the south east of Rabat. Kuwait-Morocco, Economics, 2/22/2001 - Maghreban infrastructure commission wind up meeting Maghreb, Economics, 2/21/2001
- Iraq suspends trade relations with Canada, Poland
Iraq on Tuesday decided to halt trade relations with Canada and Poland because of their support to the American and British air strikes near Baghdad last Friday. Iraq, Economics, 2/21/2001 - King Mohammed launches extension works of Larache port
The king heard explanations on the project that seeks to promote fisheries-related industrial activities in the port and generate new job opportunities. Morocco, Economics, 2/21/2001 - New finances approved for the IBD Regional, Economics, 2/21/2001
- Moroccan holding announces annual investments of $ 476 mln
Moroccan holding "Omnium Nord Africain" announced projects to conduct annual investments worth five billion Dirhams ($ 476 million). Morocco, Business, 2/21/2001 - France's Vivendi Universal hands morocco $ 2.4 million cheque for takeover of 35% of Maroc-Telecom capital
France's Vivendi Universal on Tuesday handed Moroccan authorities a $ 2.4 million cheque (23.345 billion DH) representing the takeover of 35% of Maroc-Telecom capital. Morocco, Business, 2/21/2001 - German supermarket giant given to expand its operations in Egypt
German supermarket giant metro has been given a green light to expand its operations in Egypt. Visiting representatives of Metro's parent company in Germany met with General Authority for Free Zones and Investment (GAFI) officials yesterday to discuss the firm's expansion strategy in Egypt. Egypt-Germany, Business, 2/21/2001 - Egypt exports cotton to 28 countries
Egyptian cotton export contracts since the start of the new cotton season up to the 23rd week which ended Saturday, totaled 81.874 tons of various grades. Egypt, Economics, 2/21/2001 - Morocco concludes $ 100 million in deals with Iraq
The paper goes on, quoting a United Nations classified document, that some contracts are still suspended over suspicions that the supplies could have a double use, such as a $ 1.2 million contract for the supply of computer equipment and a $ 2.2 million contract of irrigation machinery. Morocco-Iraq, Economics, 2/21/2001 - New round of Morocco-EU fisheries talks
Moroccan and European officials are carrying on this Wednesday talks meant to settle the pending issues over a new fisheries agreement. Morocco-European Union, Economics, 2/21/2001 - Morocco has enough sheep for immolation feast, minister
The Moroccan agriculture department said Tuesday Morocco has enough sheep for the immolation feast, due early next March. Morocco, Economics, 2/21/2001 - Electricity grid between Syria, Jordan and Egypt reviewed Syria-Jordan, Economics, 2/20/2001
- UAE- Qatar $ 4 billion oil project investment United Arab Emirates-Qatar, Economics, 2/20/2001
- Egypt calls for developing small, medium scale enterprises
Ambassador Mounir Zahran, personal representative of President Hosni Mubarak to the group of fifteen (G-15), on Monday stressed that the need for the group's governments, entrepreneurs and the private sector to develop an effective, comprehensive and coherent strategy to promote small and medium scale enterprises (SMES). Egypt, Economics, 2/20/2001 - Israeli company buys three Jordanian factories Jordan-Israel, Business, 2/20/2001
- Ministerial delegation in Baghdad for boosting economic ties
Egypt's Minister of Economy and Foreign Trade Youssef Boutros Ghali arrived in Baghdad late Sunday on a private plane leading a delegation including Minister of Public Enterprises Sector Mokhtar khattab and a number of Egyptian businessmen. Iraq-Egypt, Economics, 2/19/2001 - Qatar, Belarus sign three cooperation agreements
Qatar and Belarus on Saturday signed three bilateral cooperation agreements. The agreements were signed during the visit to be held by Belarus's President Alexander Lukashinko to the state of Qatar. Qatar-Belarus, Economics, 2/19/2001 - Egypt, Italy agree to build Desert Sat
Within the framework of President Hosni Mubarak's current visit to Italy, Egypt and Italy Monday will sign a cooperation agreement on building and launching a satellite named "Desert Sat," sources at the Italian embassy said on Sunday. Egypt-Italy, Business, 2/19/2001 - Tangible increase in foreign currency reserves, liquidity
Egypt's Foreign currency reserves, domestic liquidity, credits, lending and discounts increased, while annual inflation rates dropped at the end of November compared to the previous month. Egypt, Economics, 2/19/2001 - Calls to promote micro-loans in Morocco
Participants in a colloquy on fight against poverty in Morocco called for the promotion of micro-loans and to create banks for the poor as a means to eradicate the social plague in the North African country. Morocco, Economics, 2/19/2001 - Moroccan air company orders its first Airbus crafts
Moroccan air carrier "RAM" has for the first time ordered four A 320 Airbus planes made by European plant, ending a monopoly of U.S Boeing planes in its flying fleet, RAM announced last week. Morocco-European Union, Business, 2/19/2001 - Mediterranean chambers of commerce meet in Tangier
The board also discussed means of improving management methods and increasing the association's financial resources and a plan of action for coming years. Regional, Business, 2/19/2001