Arabic News Weekly Edition for Economics, 6/4/2001
Weekly Edition, Economics - Week of June 4, 2001
- An agreement to increase inter- Arab trade
Ministers of economy in nine Arab states on Friday agreed in Baghdad to increase the volume of trade exchange among the Arab states from 8.6% to 20% during the five coming years. Regional, Economics, 6/9/2001 - Iraqi trade minister in Damascus
The Iraqi minister of Trade Muhammad Mahdi Saleh arrived in Damascus on Friday evening. He was welcomed at Damascus airport by the minister of the economy and foreign trade Muhammad al-Imadi, the minister of supply and internal trade, officials concerned in the economic sector and the chairman of the Iraqi interests office in Damascus. Syria-Iraq, Economics, 6/9/2001 - Egypt, Syria, Iraq, Libya set up free trade area
He said that the session in which these Arab states took part was successful thanks to their genuine desire to achieve a solid Arab economic integration on the basis of a clear-cut strategy in order to be able to confront international economic blocs. Regional, Economics, 6/9/2001 - Moroccan-Spanish handicraft and cookery fair opens in Algesiras Morocco-Spain, Economics, 6/9/2001
- Jeddah hosts the first Islamic international trade exhibition
The first Islamic international trade exhibition will be held today in Jeddah. It is organized by the Islamic bank for Development and the Industrial and commercial Chamber in Jeddah. Saudi Arabia-Regional, Economics, 6/9/2001 - Hassan II fund injects dh 2.75 mln in two investment projects
The Hassan II Fund for Economic Development will inject 2.75 million Dirhams (nearly $ 275,000) in two investment projects. Morocco, Economics, 6/9/2001 - Morocco will be major oil producer in five years, official
Morocco will be a major hydrocarbon producer in the five coming years, Director General of the Moroccan Oil company (ONAREP), Ms. Amina Benkhadra, said. Morocco, Economics, 6/8/2001 - Pensions fund buys more shares in development bank Morocco, Economics, 6/8/2001
- Arab tourism ministers conclude 4th session
The ministers also supported the liberalization of tourism services trade between Arab states and set up, in this regard a commission to draft a report on this issue, comprising Algeria, Jordan, the United Arab Emirates and the council secretariat general. Regional, Economics, 6/8/2001 - Iraq, Syria, Egypt and Libya agree to set up free trade area
Iraq, Syria, Egypt and Libya signed in Baghdad this Thursday a free trade agreement, announced secretary general of the Arab Economic Union, Ahmed Al-Jouili. Regional, Economics, 6/7/2001 - US G.B Morgan chase ranks Misr clearing house top degree Egypt, Business, 6/7/2001
- Morocco: World Bank inaugurates new country assistance strategy with Morocco
The World Bank said the two loans to Morocco worth $ 97.5 million approved last week mark the start of a New Country Assistance aiming to guide the bank group's overall program in the country for the next three years, after it noted the significant progress made in the last decade in achieving macroeconomic stability and liberalizing the economy. Morocco, Economics, 6/7/2001 - Lebanon is supplied by Syrian electricity Lebanon-Syria, Economics, 6/7/2001
- Palestine lost around $ 5 billion since September
The Palestinian economy has suffered losses up to 5 billion dollars since last September when the Al-Quds Intifadah started Palestine, Economics, 6/7/2001 - Egyptian-Jordanian nuclear cooperation activated
Egyptian Minister of Electricity and Energy Ali AL Saedi said on Wednesday that experts from the Egyptian Nuclear Energy Agency will extend assistance to Jordan to establish a Jordanian Atomic Agency and groom technical cadres to conduct operations of radiological detection and survey. Jordan-Egypt, Economics, 6/7/2001 - Cairo, Amman sign gas line agreement
Jordan and Egypt on Tuesday signed an agreement to erect a pipe line to transport the Egyptian natural gas to Jordan, in the first phase of a project to transport gas to Lebanon, Syria and Turkey. Jordan-Egypt, Economics, 6/6/2001 - Arab economic unity council meets in Baghdad
Saleh added that the participants will discuss the new strategy for Arab economic integration, the joint Arab economic work, revitalizing the common Arab market and supporting the private sector in Arab economic integration and development. Regional-Iraq, Economics, 6/6/2001 - Algerian plan to revive the Sahara desert case
The Algerian President Abdul Aziz Butaflika tomorrow starts a work visit to internal cities in the southern part of Algeria with the aim to declare a national program on development including the completion of several already obstructed major projects like road construction and water and electricity supplies. Algeria, Economics, 6/6/2001 - An increase in Arab exports
A report to be submitted by the secretary of the Arab economic unity council Ahmad Jweili to the 73rd session of the council to be held today in Baghdad stressed the increase in the value of Arab exports to USD 162.9 billion during 1999, in comparison to USD 136 billion in 1998, representing an increase of 19.8%. Regional, Economics, 6/6/2001 - Kuwait to buy from Egypt Amoun defense system
The Kuwaiti deputy prime minister and the minister of defense Sheikh Jaber al-Mubarak has announced in a press statement issued on Tuesday in Kuwait that Kuwait will buy from Egypt " Amoun " defense system before the end of the current month, June. Kuwait-Egypt, Economics, 6/6/2001 - Iraq stops pumping oil under UN relief scheme
Having announced the suspension of its petroleum exports under the United Nations oil-for-food program, Iraq has stopped pumping oil into the Iraq/Turkey pipeline, the UN office overseeing the humanitarian effort said Tuesday. Iraq, Economics, 6/6/2001 - Proposed bank to provide financing Arab investments
Among the important proposals to be discussed by the Arab economic conference due in Cairo in November is establishing an Arab bank that would provide financing for Arab joint investments. Regional, Economics, 6/6/2001 - Saudi Arabia to improve own economy
The Saudi foreign minister prince Saud al-Faisal has described the gas agreement his government signed on Sunday evening in Jeddah with 8 world oil companies as aiming to expand the area of the Saudi economy and to find out job opportunities to Saudi citizens through increasing investments. Saudi Arabia, Economics, 6/5/2001 - Morocco's oil bill jumps by 64.8 percent Morocco, Economics, 6/5/2001
- Iraq: Annan welcomes US decision to release humanitarian contracts; $3.7 billion remain stuck
United Nations Secretary-General, Kofi Annan, on Monday welcomed a decision by the United States to release over 400 humanitarian contracts for Iraq that had been placed on hold by the committee monitoring the sanctions against Baghdad. Iraq-USA, Economics, 6/5/2001 - Iraq halts its oil exports
A source at the Iraqi ministry of oil has stated that Iraq halted pumping its oil on Monday. Iraq, Economics, 6/5/2001 - Morocco, France to upgrade cooperation in new information technologies Morocco-France, Economics, 6/4/2001