Arabic News Weekly Edition for Economics, 7/2/2001
Weekly Edition, Economics - Week of July 2, 2001
- An Iraqi economic delegation in Lebanon Lebanon-Iraq, Economics, 7/7/2001
- Group of Belgian officials and businessmen in Morocco in September Morocco-Belgium, Economics, 7/7/2001
- Coordinating Arab Gulf financial policies
The Gulf Cooperation Council (GCC) member states have been seeking to coordinate their monetary and financial policies so as to attain a Monetary Union. Gulf, Economics, 7/7/2001 - Egyptian bond sale proving widly popular
Emerging market investors on Thursday flooded Merrill Lynch and Morgan Stanley with offers to buy two new sovereign bonds from Egypt in the Middle Eastern country's first foray into the international capital markets. Egypt, Economics, 7/7/2001 - Cabinet discusses giving 5-year tax exemption to industrial projects
The Cabinet in its coming meeting under Premier Atef Ebeid will discuss the Republican decrees passed to modernize the Egyptian industry including a suggestion to give a five-year tax exemption to the establishments which will benefit from the modernization program. Egypt, Economics, 7/7/2001 - Egypt safe from ME water conflict
A team of water consultants and construction engineers was recently dispatched to inspect the Blue Nile from the air. In response to its findings the Minister of Public Works and Water Resources, Mahmoud Abu Zeid, said: "The committee did not see any construction work in the area, and there is no sign of Israeli aide to Ethiopia as far as dam projects are concerned." Egypt, Economics, 7/7/2001 - Trade relations between Saudi Arabia, Japan
The Saudi minister of planning Khaled al-Quseibi on Thursday in al-Riyadh discussed with the Japanese minister of the economy, commerce and the industry Takido Heranoma and members of the accompanying delegation means of increasing the volume of commercial exchange and joint cooperation in the area of laboratories, quality control, technical specifications and founding joint projects. Saudi Arabia-Japan, Economics, 7/6/2001 - French group takes control of Moroccan insurance company
France's Societe Generale has recently bought 50.02 percent of Moroccan insurance firm "La Marocaine Vie" at a share unit price of 330 DH, the Moroccan company announced. Morocco-France, Business, 7/6/2001 - Abu Dhabi fund loans Morocco $ 70 mln United Arab Emirates-Morocco, Economics, 7/5/2001
- Iraq ready to implement free-trade zone with Egypt
Iraq is ready to implement the agreement on a free-trade zone with Egypt as soon as Baghdad receives a formal notification in this respect from Cairo, a Trade Ministry source said Wednesday. Iraq-Egypt, Economics, 7/5/2001 - A donation fund for less growth Arab states
The Arab economic unity council has approved the establishment of a compensation fund for the Arab states which have slow growth, and countries which are joined under the umbrella of the common Arab market. Regional, Economics, 7/5/2001 - Morocco to launch bid for three fixed phone licenses
Morocco said Wednesday it will launch next year a bid for the sale of two fixed phone licenses. Morocco, Business, 7/5/2001 - Egypt receives $1.5 billion from WB
Board of the World Bank (WB) approved yesterday its cooperation plan with Egypt and decided giving it loans worth $1500 million within the three next years. Egypt, Economics, 7/5/2001 - Morocco's ambassador in Brasilia named coordinator of Brazil-Arab enterprise forum
Morocco's ambassador in Brasilia, Abdelmalek Cherkaoui Ghezouani, was appointed coordinator of preparatory meetings for the Brazil-Arab world entrepreneurial forum, slated for this July 24-25 in Rio de Janeiro. Regional-Brazil, Economics, 7/5/2001 - A call to establish a common pharmaceutical market
The chairman of the chamber of medical industries and medical requirements in Egypt Dr. Jalal Ghurab has underlined the importance of establishing the common Arab pharmaceutical market to withstand the consequences of the decisions of the world trade organization and articles of protecting the intellectual property through implementing several. Regional, Economics, 7/4/2001 - A railway to link the Syrian- Iraqi ports Iraq-Syria, Economics, 7/4/2001
- Survey finds customs users generally satisfied with services
Users of services extended by the "Customs and Indirect Taxes" administration said they are generally satisfied with services, a survey conducted by this administration finds. Morocco, Economics, 7/4/2001 - A development office for the Nile basin Regional-Ethiopia, Economics, 7/4/2001
- Arab monetary fund extends $ 20 million loan to Jordan
The Arab Monetary Fund announced it has extended Jordan a loan of US$ 20 million, an amount equivalent to Jordan's share in the fund's capital, with an extra 400,000 dollars as technical aid. United Arab Emirates-Jordan, Economics, 7/4/2001 - IDB transfers 30 million dollars to Palestine
The Jeddah-based Islamic Development Bank (IDB) transferred on Monday US$ 30 million, representing the third installment of an US$ 180-million loan approved by last March Arab summit. Palestine-Regional, Economics, 7/4/2001 - BSA says software piracy drops by 5 points in Morocco
The Business Software Alliance (BSA) said the piracy rate in Morocco lost 5 points between 1999 and 2000, from 65% to 60% while worldwide the rate has progressed by 1 point to reach 37%. Morocco, Economics, 7/4/2001 - Morocco exempts barley imports from customs duties and VAT Morocco, Economics, 7/3/2001
- Maghreban equipment and public works ministers wind up session
The Maghreban ministerial council of equipment and public works wound up in Tripoli on Monday their 8th session with the adoption of a package of resolutions meant to develop and carry out environment, road, irrigation and water projects. Maghreb, Economics, 7/3/2001 - Yemeni- Iranian joint committee meets
The fifth session of the Yemeni- Iranian joint committee started its meetings on Sunday in Tehran under the chairmanship of the Yemeni ministe of planing and development Ahmad Muhammad Soufman and the Iranian minister of agriculture Mahmoud Hijati. Yemen-Iran, Economics, 7/3/2001 - Morocco, Saudi group sign memo of entente
Morocco and the Saudi investment group Abdellah Dahlan signed Monday a memorandum of entente pertaining to investment in Morocco. Morocco-Saudi Arabia, Business, 7/3/2001 - Mining production posts slight increase, energy regresses
Mining activity in Morocco posted, in the first three months of 2001, a slight increase of 1% while energy output declined by 1%, according to the Statistics department. Morocco, Economics, 7/3/2001 - The Arab economic unity council
The Arab economic unity council held a meting under the chairmanship of Ahmad Jweili. It was attended by the representatives of the council's permanent states. Regional, Economics, 7/2/2001 - Inter- Arab trade for agricultural commodities
A report for the Arab economic unity council has unveiled an Arab attitude to implement almost 153 projects on agricultural integration at an invesment cost increasing $ 3.2 billion to cover part of the Arab food gap whose accumulated value reached during the period from 1990- to 1998 USD 90.7 billion. Regional, Economics, 7/2/2001