Arabic News Weekly Edition for Economics, 5/28/2001
Weekly Edition, Economics - Week of May 28, 2001
- Egypt is to export to Indonesia cotton, phosphate, fertilizers
Ebied, head of Egypt's delegation to the G-15 summit, Thursday witnessed the signing ceremony of an accord for developing trade exchange between Egypt and Indonesia. Egypt-Indonesia, Economics, 6/2/2001 - G-15 calls for rectifying imbalance in World Economy
Leaders of the G-15 member states Thursday called upon the world community to take prompt action to rectify aspects of inequality marring the world economy in order to enable the developing countries finance their development strategies. Regional, Economics, 6/2/2001 - Tourism yielded $1.9 billion in 2000
Tourism yielded in 2000 21 billion DH ($ 1.9 billion), says a statement of the prime minister's office released following a meeting of a ministerial commission in charge of implementing royal instructions to speed up development. Morocco, Economics, 6/2/2001 - Morocco gets $ 97.6 mln loans from World Bank
The World Bank granted Morocco on Friday two loans worth $ 97.6 million to support the communications and agriculture sector, the Bank announced on Friday. Morocco, Economics, 6/2/2001 - Morocco will not raise oil products prices in June
Oil products prices will not be raised in the month of June despite an 11% increase of oil prices in the world market and the US dollar value which went up by 5.6%. Morocco, Economics, 6/2/2001 - Moroccan air company to sign four Airbus purchase contract
Moroccan air company "Royal Air Maroc" will sign this month with the European aircraft maker to purchase four airbus planes, during an aeronautic exhibition in Paris this June 16-25. Morocco, Business, 6/2/2001 - Investments in Northwestern Coast
"Total investment in projects of drinking water, sanitation and roads in the northwestern coast have reached LE. 1.908 billion," said Egyptian Minister of Housing and Utilities Mohammed Ibrahim Soleiman. Egypt, Economics, 6/2/2001 - World Bank supports education in Palestine
The World Bank has announced a loan worth $ 7 million to support education in the Palestinian self-ruled territories of Gaza strip and the West Bank. Palestine, Economics, 6/2/2001 - More Jordanian Flights to Baghdad Jordan-Iraq, Economics, 5/31/2001
- Iraq, Algeria begin oil talks Iraq-Algeria, Economics, 5/31/2001
- Major projects identified as areas for Moroccan-Iranian partnership
An Iranian business delegation, representing the sectors of public works and water and electricity equipment, reviewed in Casablanca on Wednesday with Moroccan businessmen partnership in major projects. Morocco-Iran, Economics, 5/31/2001 - Egypt, IAEA agree on applying guarantees system in ME
On the project that will be set up between Egypt and IAEA, Al-Baradi said there are a number of important projects regarding the use of atomic technologies in the agricultural field and searching for underground water. Egypt, Economics, 5/31/2001 - Moroccan-Jordanian business council holds 1st meeting in June Morocco-Jordan, Economics, 5/31/2001
- G-15 calls for prompt action to rectify aspects of inequality
Leaders of the G-15 member states Thursday called upon the world community to take prompt action to rectify aspects of inequality, marring the world economy in order to enable the developing countries finance their development strategies. Regional, Economics, 5/31/2001 - Funds for drinking water supply in rural areas increased by 250% in three years
The budget earmarked to supply drinking water to rural areas increased by 250% in three years, from 100 million DH ($ 9 mln) to 250 Millions ($22,7 mln), said equipment minister, Bouamour Taghouane. Morocco, Economics, 5/31/2001 - Budget to alleviate drought effects raised
The state budget to alleviate drought effects was raised from 6 billion DH ($ 545.4 million) to 7.5 billion DH ($ 681.8 million) thanks to contribution from the subsidy board and French and US assistance, said a Moroccan official. Morocco, Economics, 5/31/2001 - Iranian deputy trade minister visits Morocco Morocco-Iran, Economics, 5/30/2001
- Syrian company executes a water transport tunnel in Southern Iraq
Syrian official sources said that the general company for irrigation and potable waters (RIMA) has won an international bid to implement a project of a 19.2 Km long tunnel in al- Basra areas in Iraq. Syria-Iraq, Economics, 5/30/2001 - Syrian waters to Jordan
It is decided that a Jordanian delegation will head for Damascus within the few coming days to hold talks with Jordan on providing Jordan quantities of waters that would help to eliminate the water crisis of this summer in Jordan. Syria-Jordan, Economics, 5/30/2001 - Mubarak: Integration by developing economies into the new global system, a must
"Developing countries must concert their efforts to overcome difficulties that may arise once they begin to interact in the vital sphere of IT and to achieve the proper level of basic and scientific infrastructure to realize a technological surge," Ebeid said. Egypt-Regional, Economics, 5/30/2001 - Morocco upholds regional integration, minister
He stressed the importance of south-south regional economic cooperation, as a means to make of the southern shore of the Mediterranean a united interlocutor vis-a-vis the European Union. Morocco-Regional, Economics, 5/30/2001 - Oualalou Attends African Development Bank Meetings in Valencia
In an address before the annual meetings, Oualalou surveyed the challenges facing African countries, laying emphasis on struggle against poverty and AIDS as well as on the need to integrate African economies in world trade. Morocco-Regional, Economics, 5/30/2001 - Euro-Mediterranean meeting backs Arab-Mediterranean free trade area
The Euro-Mediterranean ministers of trade, who held an informal meeting here Tuesday, hailed the drive made earlier this month by Egypt, Jordan, Morocco and Tunisia to set up a free trade zone including Arab Mediterranean countries and which would also be open to other countries of the region. Regional-European Union, Economics, 5/30/2001 - Ebeid addresses int'l conference on nuclear reactors
One third of world population does not have energy resources, said Prime Minister Atef Ebeid. He added that the number of fuel-importing countries would increase during the second half of the century prompting a further increase in prices. Egypt, Economics, 5/29/2001 - Morocco's electricity supply tender was the cheapest, Senegalese president explains
Senegalese president, Abdoulaye Wade, explained on Monday that the electricity supply contract went to the Moroccan electricity office (ONE) because its offer was the cheapest one. Morocco-Senegal, Economics, 5/29/2001 - Foreign debts on decline
Darsh noted that Egypt has reached an agreement with Germany whereby the German side has given up part of its debt service for five years to the tune of $ 212 million to be used in development purposes. Egypt, Economics, 5/29/2001 - Transport accord signed between Syria- Greece Syria-Greece, Economics, 5/29/2001
- Egyptian economy in progress
In its recent report on the emerging markets, the Economist magazine said that Egypt has realized an increase of 6.5% in the GDP in the year 2000 against 3%, 3.3%, 6% and 8.1% in Israel, South Africa, India and China respectively. Egypt, Economics, 5/29/2001 - Tartous is well-qualified to launch developed tourist industry Syria, Economics, 5/29/2001
- Italian economic mission in Morocco by mid-June
An Italian economic delegation from the central region of Umbria will visit Morocco next June 18-21 to explore partnership and foreign investment opportunities in the kingdom, the Italian foreign trade institute announced. Morocco-Italy, Economics, 5/29/2001 - Syrian minister of electricity in Tehran for talks on cooperation Syria-Iran, Economics, 5/28/2001
- Economic conditions in Egypt show improvement
the President said that more Arab investments are being-pumped into Egypt, especially from Saudi Arabia, Kuwait, and the UAE. President Mubarak added, in his statementabroad the Presidential palne en route to Cairo from his two visits to Saudi Arabia and UAE, that foreign investments from France, Britain and Italy are rising. Egypt, Economics, 5/28/2001 - Ghali calls for change of world trade system
The world trade system should be re-formulated in a way serving the cause of development in developing nations, Minister of Economy and Foreign Trade Youssef Boutros Ghali said Sunday. Egypt-Regional, Economics, 5/28/2001 - Mexican businessmen in Morocco
A Mexican business delegation is expected in Morocco this Monday to prospect the Moroccan market and explore partnership opportunities with Moroccan economic operators. Morocco-Mexico, Economics, 5/28/2001 - WTO should serve 3rd world interests
In his speech to the meeting of the G-15 ministers of finance and trade, Egyptian Minister of Finance and Foreign Trade Botruous Ghali said that world trade order needs reformation in a way that services the purposes of development in the third world countries. Regional, Economics, 5/28/2001 - Syria, unique for cultural tourism
A seminar was recently held in Damascus to familiarise travel agencies in Syria with the requirements of the German market and what are the likes and dislikes of the German consumer. Syria, Economics, 5/28/2001 - Arab fund offers $ 80 million soft loan to Egypt's electric sector
The Ministry of Planning and International Cooperation signed an agreement with the Arab Fund for Economic and Social Development to finance an electric power plant north of Cairo. Egypt, Economics, 5/28/2001