Arabic News Weekly Edition for Economics, 3/19/2001
Weekly Edition, Economics - Week of March 19, 2001
- French bank opens international trade financial structure in Casablanca Morocco-France, Business, 3/24/2001
- Mubarak stressed that tourist income rises steadily
In the second part of his interview with "A1 Ahram" which is devoted for current issues at the domestic level, President Mubarak said that the government will go ahead with its plan for reactivating economy. The President indicated that there was an improvement, which should be sustained. Egypt, Economics, 3/24/2001 - Arab economic and social council adopts moves to fulfill Arab economic integration
Arab economy and finance ministers agreed that Arab trade liberalization should enter into force in 2002, rather than 2007, and asked the council to prepare a study to speed up the reduction of customs duties Regional, Economics, 3/24/2001 - Morocco, Japan cooperate in traditional fishing promotion
The Moroccan ministry of fisheries and the Japanese international cooperation agency (JICA) signed in Rabat Friday a technical cooperation agreement on traditional fishing. Morocco-Japan, Economics, 3/24/2001 - Moroccan air company signs contract for purchase of 20 boeing aircraft
Moroccan air carrier "RAM" and "Boeing " signed on Friday a $ 1.2 Billion-contract under which RAM will purchase 22 Boeing planes. Morocco-USA, Business, 3/24/2001 - Japan finances small local projects in Morocco
Japan has donated Morocco $ 354,677 (about 3.74 million DH) to finance small local projects. Morocco-Japan, Economics, 3/24/2001 - An evolving EU- Syrian financial co-operation
The European Union and Syria have been linked since 1978 by a Cooperation Agreement and are currently negotiating an Association Agreement in the framework of the Euro- Mediterranean. The EU partnership was set up in 1995 at the Barcelona conference. Syria-European Union, Economics, 3/23/2001 - Red Cross house destruction relief program in Gaza
Over the past months, as it has been amply reported in the press, the economic conditions of many people living in closed villages has deteriorated considerably, essentially through loss of earnings. There have also been incidents where vital medical assistance was denied, or delayed, thereby causing serious aggravations of individual medical conditions. Palestine, Economics, 3/23/2001 - Moroccan premier meets head of Banque Nationale de Paris
Moroccan Premier Abderrahmane Youssoufi met here Thursday with head of La Banque Nationale de Paris-Paris Bas, Michel Pebereau, who was accompanied by general manager of La Banque Marocaine du Commerce et de l'Industrie (BMCI), Mohamed Faris. Morocco-France, Economics, 3/23/2001 - The 1st Arab exhibition for Pharmaceutical Industry and technologies
The 1st Arab exhibition for Pharmaceutical Industry & Technologies was held in Damascus on March 20 through 23. Syria, Business, 3/23/2001 - German firm pledges to hire Moroccan diploma holders
The Moroccan Branch of the German firm Automotive Wiring Systems pledged to hire 1,500 Moroccan diploma holders by the end of 2001. Morocco-Germany, Business, 3/23/2001 - Moroccan iron, steel company turnover on the rise Morocco, Business, 3/23/2001
- No Progress in Morocco-EU Fisheries Negotiations
Moroccan and European Union (EU) negotiators who held Thursday in Brussels a technical meeting failed to score any progress in negotiations on a new fisheries accord. Morocco-European Union, Economics, 3/23/2001 - Ethiopian Economic Mission in Morocco
An Ethiopian economic mission is visiting Morocco March 22 through 27 to consolidate cooperation and promote trade exchanges between the two countries. Morocco-Ethiopia, Economics, 3/23/2001 - Mubarak Egypt could find place on world markets
He called on national companies to meet the needs of domestic market from all products and to give wider attention to the issue of exportation. Egypt, Economics, 3/22/2001 - Egypt, Germany sign agreement on debts settlement
"Egypt and Germany are about to sign an agreement, whereby part of Egypt's debts to Germany will go to funding development projects," said planning and International Cooperation Minister Ahmed Darsh. Egypt-Germany, Economics, 3/22/2001 - Syrian oil exports increasing
Trade sources at the British capital London said on Wednesday that Syria intends to preserve the level of its monthly exports of crude oil without a change in April( the next month). Syria, Economics, 3/22/2001 - A modernised Bourse in Egypt
Almost a century after the first trading day ever in the history of the Egyptian stock market, Egypt's business elite and high-profile officials witnessed on Saturday the inauguration of the completely restructured headquarters and trading floor of the Cairo and Alexandria stock exchange on AL-Sherifein street in downtown Cairo. Egypt, Economics, 3/22/2001 - Morocco, Spain explore new cooperation opportunities
Moroccan minister of economy, finance, privatization and tourism, Fathallah Oualalou, and minister of territorial policy and public works of the autonomous government of Catalunia, Pere Macias, explored at a meeting in Rabat Wednesday New cooperation opportunities. Morocco-Spain, Economics, 3/22/2001 - Spanish Telefonica operates call center in Tangier
Atento-Maroc, a branch of the Spanish telecom operator TELEFONICA, has set up in the Moroccan northern city of Tangier a call center. Morocco-Spain, Business, 3/22/2001 - Morocco's money supply up 8.4 per cent last year
Morocco's money supply (fiduciary, bank deposits) rose 8.4 per cent at the end of December 2000, compared to 10.2 per cent in 1999, Morocco's Central Bank "Banl Al-Maghrib" said in its latest bulletin. Morocco, Economics, 3/22/2001 - Trade contracts between Iraq and Saudi Arabia Iraq-Saudi Arabia, Economics, 3/21/2001
- IBD donates USD 92 million to the Palestinian Authority Palestine, Economics, 3/21/2001
- French tourism secretary of state in Morocco shortly Morocco-France, Economics, 3/21/2001
- Technology to figure high on Mubarak's talks in Washington
Egyptian Minister of Communications and Information Technology Ahmed Nazif underlined that cooperation with the US in the field of technology will figure high on the agenda of President Hosni Mubarak's talks during his upcoming US visit. Egypt-USA, Economics, 3/21/2001 - Maroc-Telecom chief in Nouakchott
Ahizoune is currently visiting Mauritania to finalize the privatization process of the Mauritanian telecom company Mauritel. Mauritania-Morocco, Business, 3/21/2001 - Morocco's central bank cuts official rates
Morocco's Central Bank, "Bank Al-Maghrib," decided on Tuesday to cut the discount rate by 25 basis points to 4.75 percent and the Lombard rate by 75 basis points to 5.75 percent, effective March 21. Morocco, Economics, 3/21/2001 - EU to import potatoes cultivated in Sharq Owinat
The European Union agreed to import potatoes cultivated over an area of 5000 feddans in Sharq Owinat as a delegation toured the area last week and make sure of its good quality. Egypt-European Union, Economics, 3/21/2001 - Increase of German tourist's influx to Egypt despite recent Luxor accident
Regional manager of German airlines Lufthansa F. Hessen stressed the increase of German tourists' influx to Egypt despite the recent accident in Luxor. Egypt, Economics, 3/21/2001 - Mubarak inaugurates Cairo International Fair
Egyptian President Hosni Mubarak inaugurates today morning the 34th session of Cairo International Fair at Nasr City exhibition grounds. Egypt, Economics, 3/21/2001 - UN's oil-for-food program reports large jump in Iraqi exports last week
There was a large jump in Iraqi oil exports last week, the United Nations office overseeing the UN's oil-for-food humanitarian scheme reported Tuesday. Iraq, Economics, 3/21/2001 - Rabat hosts international telecom conference
Rabat is playing host to an international conference on the evolution of applied research in telecommunications under the theme "communications, signals and systems." Morocco, Economics, 3/21/2001 - Economic measures to vitalize economy in Sudan
The Sudanese government has taken several economic measures on Sunday, included great tax reduction and custom fees and mainly support for the agricultural sector in the framework of a vast campaign to reduce services fees. Sudan, Economics, 3/20/2001 - Services sector has a prominent role in upgrading exports
The services sector does not need large capital investments such as lands or industrial installations, a matter which facilitates tapping this field by young investors, Ghali added. Egypt, Economics, 3/20/2001 - Egyptian -British business council probes doubling British investments in Egypt
"British investments in the oil and gas fields are expected to be doubled reaching eight billion dollars within the coming four years," said Oil Minister Sameh Fahmy after taking part in the meetings of the Egyptian-British Business Council recently held in London. Egypt-UK, Economics, 3/20/2001 - India, Egypt boost bilateral economic cooperation
The meeting tackled executive procedure to set up a major venture to produce phosphatic fertilizers in the north of the Gulf of Suez area. Egypt-India, Economics, 3/20/2001 - Qatar and the World Trade Organization
Qatar has announced it has formed a committee to coordinate in matters pertinent to the free trade organization which is presumed to hold its next ministerial meeting in Doha in November this year. Qatar, Economics, 3/20/2001 - Moroccan, Egyptian businessmen set up joint-ventures
Under the first agreement, Moroccan unprocessed lead will be sold in Egypt. A biscuit-making plant will be set up in Port Said with technology transferred by Morocco and funds brought by Egypt. Morocco-Egypt, Business, 3/19/2001 - IT, communications important for globalization
"The dramatic developments in the Information Technology (IT) and communications in recent years have been one of the main driving forces in the process of globalization," said Egypt's Foreign Minister Amr Moussa on Sunday. Egypt, Economics, 3/19/2001 - Mubarak reviews measures for the establishment of free trade zone with US
At a ministerial meeting today, President Mubarak reviewed executive measures for launching a dialogue with the US Administration on the establishment of a free trade zone and expanding Egyptian exports to US markets through giving preferential privileges to the Egyptian products. Egypt-USA, Economics, 3/19/2001 - IDAX 2001 opened in Abu Dhabi
The exhibition of a special importance in being the first of its kind in the region regarding the size and available potentials and services provided to the participants. United Arab Emirates-Regional, Business, 3/19/2001 - More than 20 African countries in casablanca sea fair Morocco, Business, 3/19/2001
- Catalunia-based economic operators in Morocco
A 100-member delegation of economic operators and businessmen from the Spanish north-eastern region of Catalunia is expected in Morocco this Monday to finalize a series of cooperation accords with Moroccan partners. Morocco-Spain, Business, 3/19/2001