Arabic News Weekly Edition for Economics, 3/26/2001
Weekly Edition, Economics - Week of March 26, 2001
- Syria: a merging agreement with the German loans bank
Syria has signed a merging agreement with the German rebuilding loans Bank at a sum of 476,595, 500 Marcs to be refunded on the ground of 30 installment every six months. Syria-Germany, Economics, 3/31/2001 - A new strategy for increasing Egyptian exports
The Egyptian Ministry of Economy has just finished preparing a new strategy for increasing Egyptian exports. The new strategy includes a new scheme of policies for activating the process of exportation according to a definite schedule and goals implemented by parties concerned. Egypt, Economics, 3/31/2001 - Cabinet considered the decision to hold the First Arab Economic Conference in Cairo in November
The Cabinet reviewed decisions related to the activation of the Arab Free Trade Zone which will be set up to develop organizations to increase inter-Arab trade and remove obstacles, other than customs barriers, in addition to elements which could affect the customs sector among Arab states. Egypt-Regional, Economics, 3/31/2001 - Drastic changes in the Egyptian legislation to increase investment
The British Trade Partners Authority has launched a campaign to attract the attention of British investors to Egypt. Egypt-UK, Economics, 3/31/2001 - More projects on the Nile Basin
Water resources ministers of the Nile basin states approved in conclusion of their meetings which were completed on Thursday evening in al-Khartoum the Nile projects which include Sudan, Egypt,Ethiopia, Uganda, Tanzania, Burundi and Congo. Egypt-Sudan, Economics, 3/31/2001 - Spanish local government plays down fisheries agreement with Morocco, prepares alternative activities for professionals
Fishing Professionals of the Spanish northwestern region of Galicia have suddenly changed their attitude and claimed the importance granted to this agreement has been exaggerated at a time preparations are going on to find alternative activities for professionals. Morocco-Spain, Economics, 3/31/2001 - Euromoney Saudi Arabia conference, May 29-30 Riyadh
Euromoney announces its inaugural Saudi Arabia: Financing the Future conference organized in conjunction with the Council of Saudi Chambers of Commerce and Industry and the Saudi Arabian General Investment Authority, a press release statement said. Saudi Arabia, Economics, 3/31/2001 - Japan donates $ 3.6 million for drinking water supply in southern regions
The Japanese government has donated the Moroccan government $ 3.6 million (429 million Yens) to carry out a drinking water supply in Moroccan southern rural regions. Morocco-Japan, Economics, 3/31/2001 - ONA group improves 2000 turnover by 6.1%
Moroccan holding "ONA" announced a 6.1% growth in its turnover in 2000, from 20.5 billion DH ($ 1.95 million) in 1999 to 21.8 billion DH ($ 2.07 billion). Morocco, Business, 3/31/2001 - Syrian People's Assembly approves private bank law
The Syrian People's Assembly PA ( Parliament) on Thursday approved a law which provides for the establishment of private banks for the first time in many years. A measure, through which the Syrians hope to attract large investments in the banking system. Syria, Economics, 3/30/2001 - Arabs great welcome to convening the economic summit Regional, Economics, 3/30/2001
- Morocco, UNDP set up women micro-enterprises in water Morocco, Economics, 3/30/2001
- Scottish delegation prospects partnership opportunities in Morocco
Representatives of several Scottish firms operating in the sector of oil and gas are visiting Morocco this March 28-31 to explore partnership opportunities in the kingdom. Morocco-UK, Business, 3/30/2001 - Meetings of water resources ministers of the Nile basin
The water resources ministers of the Nile basin have discussed challenges facing the region as a result of the Israeli ambitions to the Arab waters. Regional-Sudan, Economics, 3/30/2001 - The Arab unemployment problem
Experts of 22 Arab states will discuss on April 2 to 9 in Amman more than 12 reports concerning the conditions relating to unemployment in the Arab states and to follow up the project of providing job opportunities to youths. Regional, Economics, 3/30/2001 - Moroccan fishery minister in Sweden
Moroccan minister of fisheries, Said Chbaatou, on Wednesday paid a visit to Sweden, which is holding the rotating chairmanship of the European Union, to expound Morocco's stand on the fisheries issue and on the negotiations it held with the European Union on a new fisheries accord. Morocco-Sweden, Economics, 3/30/2001 - Arab ports federation
A work session, included in addition to a delegation representing the Arab ports federation, the board of the port of Tripoli of North Lebanon to discuss means of strengthening cooperation among Arab ports which are members in the federation. Regional, Economics, 3/30/2001 - Congressman supports Egypt-US free trade Egypt-USA, Economics, 3/29/2001
- American official calls for separating employment and environment issues from trade agreements Egypt-USA, Economics, 3/29/2001
- Deficit of trade balance down by LE 10 billion Egypt, Economics, 3/29/2001
- Egyptian-EU final partnership accord to be signed
European union trade commissioner Pascal lamy expected on Sunday that a final Egyptian-EU partnership agreement would be signed within the next weeks. Egypt-European Union, Economics, 3/29/2001 - Morocco, Iraq hold 9th session of joint commission
Baghdad will also host an exhibition of made-in-Morocco food, pharmaceutical, electronic and mechanic products with the participation of 120 Moroccan companies. Morocco-Iraq, Economics, 3/29/2001 - Bush administration attempts to soften conditions of free trade accord for Egypt's interest
Some prominent Congressmen said US President George W. Bush Administration attempts to ease some harsh conditions of the US Egyptian free trade accord. Egypt-USA, Economics, 3/29/2001 - Only 1% of Moroccans connected to internet, official
Only 1% of Moroccans are connected to Internet, unlike the mobile phone penetration which noticed a boom thanks to the sector liberalization and competition, said Morocco's secretary of state for post and telecommunication technologies, Nasr Hajji. Morocco, Economics, 3/29/2001 - Spain's local government calls for separate talks over fisheries with Morocco
Agriculture and fisheries minister of the local Spanish government of Andalusia (south), Paulino Plata, called on Tuesday the central government to conduct separate talks with Morocco over fisheries after a series of EU negotiations failed to reach any agreement. Morocco-Spain, Economics, 3/29/2001 - Indonesia to buy spare parts for Hercules C130s from Jordanian firm
Indonesian Defense Minister Mahfud MD said Tuesday the government is negotiating with a Jordanian firm for the purchase of spare parts for its Hercules C130s Jordan-Indonesia, Economics, 3/29/2001 - Moroccan business delegation in Saudi Arabia early april
A Moroccan business delegation will visit Saudi Arabia next April 7-10 to explore means of enhancing cooperation between the two states' industrial sectors. Saudi Arabia-Morocco, Business, 3/28/2001 - An oil pipe line between Iraq, Jordan
The Iraqi ministry of oil secretary Taha Hammoud has announced that the ministry will send an Iraqi consultation delegation to Jordan to discuss the establishment of an oil pipeline between the two states. Iraq-Jordan, Economics, 3/28/2001 - Moroccan-French tourism cooperation to focus on training, eco-tourism and restructuring
Morocco and France have identified three priority sectors in their cooperation in tourism, namely restructuring the Moroccan Tourism office (ONMT), training, and eco-tourism. Morocco-France, Economics, 3/28/2001 - New airline between Libya, UAE
A new aviation line was inaugurated on Sunday between the United Arab Emirates UAE and Libya. Libya-United Arab Emirates, Economics, 3/27/2001 - Gas cooperation between Algeria, Turkey
The Algerian national company for fuels ( Sonatrak) on Sunday in Algiers signed with the Turkish " Butas" a supplement for the special contract relating to selling and buying natural gas signed between the two sides in 1988. Algeria-Turkey, Economics, 3/27/2001 - Portugal accuses EU in failure of Morocco-EU negotiations on fisheries
Chairman of Portuguese fish professionals association, Pedro Franca, accused the European Union of being responsible for the failure of talks with Morocco for a new fisheries agreement. Morocco-European Union, Economics, 3/27/2001 - A work paper for the economic unity council before the Arab summit
The secretary general of the economic unity council Ahmad Jweili said that the first pillar is based on the economic unity agreement between the Arab league (AL) member states, agreed upon by the economic council in its fourth session held on 3.7. 1957 which stated that the Arab states has agreed to maintain a full economic unity among themselves. Regional, Economics, 3/26/2001 - Moroccan economic operators in Arab investors forum in beirut Morocco-Regional, Economics, 3/26/2001
- Water conditions in the Gulf region are critical Gulf, Economics, 3/26/2001
- European investments in the Arab states
A report released by the Arab establishment for investment guarantee, an Arab- international commission, has expected the volume of the European Union ( EU) member states investments to the Arab states to be increased as a result of implementing the Euro-Mediterranean partnership agreements especially after actual use of the " EURO ( as a united European currency ) by the Union's member states. Regional-European Union, Economics, 3/26/2001 - Arab-Brazilian economic forum next july in Rio De Janeiro Regional-Brazil, Economics, 3/26/2001
- Great opportunities for cooperation between Egypt, US, in economic domain
The American administration showed readiness to foster cooperation with Egypt in the various economic spheres mainly in the domain of Information Technology, but expressed concern over bureaucratic red tape. Egypt-USA, Economics, 3/26/2001 - Unemployment rate in Arab states rising
The study said the Arab states needed a strategy to change the investment policy, attract foreign investments, hiring Arabs instead of foreigners and adopting a market-oriented policy. Regional, Economics, 3/26/2001 - Washington to reactivate dialogue with Egypt over economic file
Edward Walker, the Assistant Secretary of State for Middle East Affairs said President George Bush would reiterate to President Mubarak the US Administration's willingness to reactivate and to expand strategic dialogue between Egypt and the United States to include economic file and to include Washington's participatation in reactivating development efforts in Egypt besides the strategic military and political files. Egypt-USA, Economics, 3/26/2001 - Morocco-EU fisheries negotiations record no progress
Moroccan-European Union negotiations on a new fisheries agreement recorded no progress at the end of a meeting in Brussels Monday between Moroccan maritime fisheries minister, Said Chbaatou and European fishery commissioner, Franz Fischler. Morocco-European Union, Economics, 3/26/2001