Arabic News Weekly Edition for Economics, 6/11/2001
Weekly Edition, Economics - Week of June 11, 2001
- Trade exchange between Egypt, Iraq Iraq-Egypt, Economics, 6/16/2001
- Egyptian-European partnership agreement, concluded soon
The Egyptian-European partnership agreement is expected to be signed on the fringe of the meeting of the EU foreign ministers' General Council that will be held in Luxemburg in June 25-26, 2001. Egypt-European Union, Economics, 6/16/2001 - Egyptian European partnership agreement opens new marketing vistas
Egyptian President Hosni Mubarak will review tomorrow at an expanded ministerial meeting tomorrow the file of Egyptian European partnership agreement in its final form and a programme for modernizing Egyptian industry. Egypt-European Union, Economics, 6/16/2001 - Kuwaiti investments in Egypt rise to $1.300 billion
Senior Counsellor of the Kuwaiti Al-Kharafi Group in Egypt James Pringel said that the group plans to pump new investments to its projects in Egypt that reach $ 1.300 billions in five to eight years to finance projects of infrastructure, tourism and hotels. Egypt-Kuwait, Economics, 6/16/2001 - Morocco's phosphates sales on the rise
Morocco exported up to last April the equivalent of 4.7 billion dirhams (nearly $ 470 million) of phosphates and by-products exports. Morocco, Economics, 6/16/2001 - Indian Business Delegation In Morocco Shortly
A delegation of Indian businessmen will pay a visit to Morocco June 24-27 to explore opportunities of partnership and means to bolster trade exchanges, announced India's ambassador in Rabat, Indrajit Singh Rathore. Morocco-India, Business, 6/16/2001 - Belgium to finance Moroccan project to fight child labor
Belgium will finance a program to fight child labor, by granting micro-loans to parents who renounce making their children work and send them to school instead, a Belgian official said. Morocco-Belgium, Economics, 6/15/2001 - Morocco participates in Dakar airport construction Morocco-Senegal, Economics, 6/15/2001
- Foreign investment hits $1650 billion
"The government will only borrow money for projects with certain success and feasibility, and the loan should have a grant not less than 40 per cent," said Minister of Planning and International Cooperation Ahmed Al-Darsh. Egypt, Economics, 6/15/2001 - Morocco's growth rate forecast decreased to 5 or 6% due to drought
Drought, which has affected 90% of Moroccan territory, has forced Morocco to revise its growth rate forecast downwards, from an expected 8% to a rate ranging between 5 and 6%. Morocco, Economics, 6/15/2001 - Textile, leather exports rise by 8.3% up to April Morocco, Economics, 6/15/2001
- Morocco grain imports rise by 39% in Jan-Apr 2001 period
Moroccan imports of cereals were worth up to April 2001 3.15 billion DH, (US$ 286 million) increasing by 39% compared to the 2.26 billion DH-worth of imports recorded last year (US$ 205.4 million). Morocco, Economics, 6/15/2001 - Arab stock market statutes drafted, official
Secretary general of the union of Arab stock exchanges, Safak Alrukaibi, said in Beirut Wednesday that the key statutory regulations for the launch of a common Arab stock market have been drafted. Regional, Economics, 6/15/2001 - Morocco, UAE joint commission meets in Rabat
Several cooperation accords, relating to the creation of a free exchange area, air transportation, sea fisheries and information will be signed during the meeting, Moroccan ambassador to the UAE, Abdellah Azmani Morocco-United Arab Emirates, Economics, 6/14/2001 - Syrian daily: the failure of private banks experience in free zones
The Syrian Arabic local daily Tishreen issued on Tuesday said that the private banks, just one year after its establishment, did not succeed in performing its due role, as they are besieged by administrative restrictions. Syria, Economics, 6/14/2001 - Arab meeting on fisheries adopts Algiers declaration
The Algiers Declaration calls the Arab states to promote a rational and environment-friendly fishing to ensure food security to the peoples of the region. Regional, Economics, 6/14/2001 - Moroccan employment minister in Brussels
The two sides will assess implementation of the Moroccan-Belgian joint statement on employment and labor signed last October in Rabat. Morocco-Belgium, Economics, 6/14/2001 - Jorf lasfar power plant, a great success, US corp. says
The Jorf Lasfar power plant is a great success for CMS-Energy, said William Mccornick, president of the governing board of the US corporation, which built the plant in Jorf Lasfar port (220 km south of Rabat). Morocco-USA, Business, 6/14/2001 - Morocco allots 48 percent of state budget to social fields
Morocco earmarks 48 percent of the state budget to social fields, a fact evidencing the importance the Kingdom grants to the population's social conditions. Morocco, Economics, 6/14/2001 - Drought will not impact drinking water supply, official
A Moroccan official has denied that the drought, which currently hits Morocco, would adversely impact drinking water supply in the years to come. Morocco, Economics, 6/14/2001 - Study points need for a common Arab market
An Arab economic study has stressed that the common Arab market has become a necessary and urgent matter for the interests of the Arab states under the challenges facing the Arab nation amid the age of gigantic international blocs and globalization, noting that the Arab food gap reached at the meantime $ 10 billion. Regional, Economics, 6/13/2001 - Bajmal optimist over improving the Yemeni economy
The Yemeni prime minister Abdullah Bajmal has denied the existence of any attention from the side of the Yemeni government to lift support for certain important commodities without finding out appropriate solutions for it. Yemen, Economics, 6/13/2001 - Czech finance minister meets Moroccan officials
Czech finance minister, Jiri Rusnok, met in Rabat Tuesday Moroccan premier, Abderrahmane Youssoufi, who stressed Morocco's keenness to develop relations with East European countries, candidates to become members of the European Union. Morocco-Czech Republic, Economics, 6/13/2001 - Slight drop of unemployment in Morocco in first three months of 2001
The rate of unemployment has recorded a slight drop of 0.8 percent at the national level in Morocco during the first three months of 2001, standing at 12.7 percent compared to 13.5 percent during the same period last year. Morocco, Economics, 6/13/2001 - Moroccan carrier to service Paris-Agadir Daily, Paris-Fez four times a week Morocco, Business, 6/13/2001
- Workshop on non-tariff barriers impact on inter-Islamic trade held in casablanca
A workshop on the impact of non-tariff barriers on inter-Islamic trade is currently held in Casablanca. Regional, Economics, 6/13/2001 - Exchange rate liberalizaton: a must for economy activation
Although the Central Bank of Egypt (CBE) has already allowed for the first time to move the dollar's average exchange rate by one piastre to increase it from 385 PT to 386 PT against the US dollar, yet such a step was seen by dealers, as far below expectations. Egypt, Economics, 6/13/2001 - Moroccan MPs call for more international backing to agriculture
The delegation from the chamber of advisors (upper house of the Moroccan Parliament) which is participating in the second assembly of the international parliamentarians' association for agriculture, fisheries and forests, currently held in Seoul, Korea, called for more international backing to the sectors of agriculture and fisheries in developing countries. Morocco-Regional, Economics, 6/13/2001 - Japan loans Morocco $ 114,5 mln for northern road project
Japan has extended Morocco a loan worth 12.76 billion Yens (About 1.26 billion DH or US$ 114.5 million) to finance a 120 km-long stretch of the Mediterranean ring. Morocco-Japan, Economics, 6/13/2001 - An electronic government in the Gulf states
the ministers of development and planning in the GCC states discussed the possibility of setting up the first electronic government in the six GCC member states. Gulf, Economics, 6/12/2001 - Andalusian government prospects fisheries joint venture with Morocco
The autonomous government of Andalusia has crafted a project to set up a fisheries joint venture with Morocco, to allow more than one hundred small boats to operate in Moroccan waters, through the signing of private deals with Moroccan sides. Morocco-Spain, Economics, 6/12/2001 - Investments commission approves conventions worth dh 1.8 billion
The Moroccan inter-ministerial commission of investments approved six investment conventions in the sectors of tourism, industry, cinema and fisheries, worth 1.83 billion Dirhams (about $159.73 million). Morocco, Economics, 6/12/2001 - Sorour calls for adopting flexible policy in trade domain
People's Assembly Speaker Ahmed Fathi Sorour called on Parliaments worldwide to work on serving their peoples in line with the policies adopted by the governments as regards issues inside the World Trade Organization (WTO). Egypt, Economics, 6/11/2001 - Egypt exports natural gas to Jordan, Spain, Britain, Italy
Egypt has a confirmed reserve of crude oil and condensates of 3.8 billion barrels, expected to rise to 8.2 billion barrels in the coming year, Oil Minister Sameh Fahmy said. Egypt, Economics, 6/11/2001 - Ambitious Egyptian program to setup high IT network
The government has begun its ambitious program to create a $ 1 billion high-speed telecommunications and IT network, an official announced Thursday. Egypt, Economics, 6/11/2001 - Egypt's foreign debts decrease by $100 million a year
Egyptian Minister of Planning and International Cooperation Ahmed Al Darsh said the annual service of Egypt's foreign debts will witness a remarkable decline by $ 100 million to total $ 1.3 billion. Egypt, Economics, 6/11/2001 - Palestinian agricultural losses, $ 288 million, 374,000 trees
The Palestinian ministry of agriculture on Saturday stressed that direct losses which hit the agricultural sector in the Palestinian territories during 8 months since September 28, 2000 reached approximately $ 280 million. Palestine, Economics, 6/11/2001 - More programs for reactivating Egyptian markets as of next month
At his meeting with fifty representatives of Egyptian, Arab and foreign companies, Prime Minister Atef Ebeid renewed the government determination to take further measures for reactivating market movement and increasing Arab and foreign investments. Egypt, Economics, 6/11/2001 - Morocco, Czech republic sign investment promotion accord
Morocco and the Czech Republic signed here on Monday an agreement on investments protection and promotion and a convention on avoidance of double taxation. Morocco-Czech Republic, Economics, 6/11/2001 - UAE economy minister to dedicate Made-In-UAE fair in Morocco United Arab Emirates-Morocco, Economics, 6/11/2001
- Morocco to invest 500 mln dh in water prospecting by 2004
Morocco's equipment minister, Bouamour Taghouane, announced that his department is planning a 500 million Dirham-investment (US$ 45.5 million) in water prospecting by 2004, while the Drinking Water Office (ONEP) will earmark 11 million DH (US$ one million) to consolidate drinking water production and extend the supply network. Morocco, Economics, 6/11/2001 - Saudi extends Morocco $ 28 million loan for university hospital
The Saudi Development Fund has extended Morocco a loan worth 90 million Saudi Riyals (US$ 28 million) to finance the construction of a university hospital in Fez. Morocco-Saudi Arabia, Economics, 6/11/2001