Arabic News Weekly Edition for Economics, 7/23/2001
Weekly Edition, Economics - Week of July 23, 2001
- Yemen increases salaries, fuel price
The Yemeni government on Thursday took a new decision in the framework of price reforms it has been carrying out since 1995 at the supervision of the World Mank and the International Monetary Fund, aiming at dealing with the deteriorated economic conditions in the country. The new decision stated to increase the prices of diesel at 70% as from Thursday. Yemen, Economics, 7/28/2001 - Arab Gulf economists: Gulf united currency needs disengagement from dollar
Economists from the Arab Gulf region said that the six Arab Gulf states ( Saudi Arabia, Kuwait, Qatar, Bahrain, the United Arab Emirates, and Oman) who relentlessly proceed to achieve inter- economic integration have several options to reaching the adoption a united Arab Gulf currency. These include taking steps to protect its march towards this end. Gulf, Economics, 7/28/2001 - Israel's boycott before a group of Arab experts tomorrow in Damascus
A team of technicians and specialists in the Arab boycott of Israel tomorrow holds a meeting in Damascus at a decision by the council of the Arab League (AL). Regional-Israel, Economics, 7/28/2001 - US report, biggest privatization in Egypt
Recently, a US report praised the successful measures taken by the Egyptian government in implementation of its USAID-funded privatization program. Egypt, Economics, 7/28/2001 - Cairo to host int'l economic forum
Cairo will host an international economic conference on 21 and 22 October. The conference, entitled German-Arab Chamber - 50 Years of Cooperation, will debate the direction of German-Arab trade and investment at the highest business and governmental levels. Regional-Germany, Economics, 7/28/2001 - Egypt, biggest financial center in middle east, financial times report
A study released by the Financial Times newspaper reported that Egypt's proper investment climate lures more foreign investments as the country possesses big opportunities available in all fields with government's facilities and incentive. Egypt, Economics, 7/28/2001 - Arab young entrepreneurs associations forum meeting
Morocco is taking part in the 1st meeting of the Arab young entrepreneurs associations forum, held by Lebanon's international business union and the German foundation "Friedrich Naumann." Regional-Lebanon, Economics, 7/28/2001 - Central bank issues throne day commemorative 250 dh coin
On the occasion of the second throne day, celebrated on Monday July 30, the Moroccan central bank "Bank Al Maghrib" issues, starting this July 31, a commemorative coin of 250 DH (US$ 22.7). Morocco, Economics, 7/28/2001 - Damascus 's second International economic forum
Vice Consul at the Embassy of the USA in Damascus Mrs. Claire Le Claire said that this meeting is a wonderful initiative and must be followed by concrete actions. She noted the need to have facilitation for the private companies in a way it will be easier for them to begin businesses, particularly for people who like to start the business but do not have the financial means to do it. Syria, Economics, 7/28/2001 - Some 40 tons of the UAE aid to the Palestinians
A United Arab Emirates UAE plane loading 40 tons of medical supplies and foodstuffs landed on Thursday at Amman's airport in its way to the areas of the Palestinian territories. United Arab Emirates-Palestine, Economics, 7/27/2001 - Waters will be completely dry if drought continues in Damascus four more years
News reports talking about the water crises in Syria said that water sources in Damascus will dry completely if the current drought will continue for more four years. The reports considered that the main choices to settle the crises is desalinization of the sea waters and regional cooperation. Syria, Economics, 7/27/2001 - News of a trade deal between Algerian company and Israel
A press report issued in Algiers on Wednesday said that a private Algerian company could export the remains of copper and Aluminum to Israel via Cyprus. Algeria-Israel, Economics, 7/27/2001 - Morocco, UAE set up investments partnership commission
Morocco and the United Arab Emirates have decided to set up a partnership commission for investments, it was announced in Rabat on Wednesday at a meeting between Morocco's premier, Abderrahmane Youssoufi, and a UAE official delegation. Morocco-United Arab Emirates, Economics, 7/26/2001 - Political, security stability bases of investment
Egyptian Prime Minister Atef Ebeid said that stability of the exchange rate is not the only criteria in the decision of investor. Egypt, Economics, 7/26/2001 - US House of Representatives vote to keep annual aid to Egypt intact
The US House of representatives Wednesday voted in favor of keeping in place the annual US. aid given to Egypt in recognition of Egypt's role in backing peace and stability. Egypt-USA, Economics, 7/26/2001 - Economic And Social Council Discusses Impact Of Natural Disasters
The importance of preventing natural disasters and mitigating their impact - especially in poor and vulnerable countries - was high on the agenda of the United Nations Economic and Social Council as it began on Wednesday discussions of a wide range of environmental issues. Regional, Economics, 7/26/2001 - US expert: Water will be either a devasting source of international friction of a hopeful occasion for international cooperation
In a statement to Arabic News, former US senator and water expert Paul Simon recommended that to address the water crisis efforts should be concentrated on immediate actions and embarking on both short term and long terms approaches. Syria, Economics, 7/25/2001 - Moroccan, UAE businessmen explore investment possibilities in Morocco
A group of businessmen from Morocco and the United Arab Emirates held in Rabat on Tuesday a meeting to survey UAE investment opportunities in Morocco. Morocco-United Arab Emirates, Economics, 7/25/2001 - Syria sets a list of tourism projects open for the private sector Syria, Economics, 7/25/2001
- Morocco, Brazil discuss cooperation opportunities in oil prospecting
Morocco and Brazil have discussed earlier this week in Rio De Janeiro partnership opportunities in matters of oil prospecting. Morocco-Brazil, Economics, 7/25/2001 - WB Deputy Chairman discuss boosting Egyptian private sector
The World Bank (WB) Deputy Chairman for developing Private Sector Neamat Shafik visiting Egypt on 24-31 July to have talks with senior governmental officials and key private sector businessmen. Egypt, Economics, 7/25/2001 - ECOSOC adopts draft resolution to assist Palestinian women
The United Nations economic and social council (ECOSOC) adopted on Tuesday a draft resolution to assist Palestinian women. Palestine, Economics, 7/25/2001 - Jordan, Algeria sign cargo agreement
Jordan and Algeria signed in Amman Tuesday a sea cargo and ports cooperation agreement, meant to upgrade the marine shipping sector and the sea transport industries to the international standard. Jordan-Algeria, Economics, 7/25/2001 - Road accidents' damages estimated at 8 billion dh annually
Damages caused by road accidents in Morocco are estimated at an annual 8 billion DH (USD 727 million), said Moroccan transports and merchant navy minister, Abdeslam Znined. Morocco, Economics, 7/25/2001 - Morocco and Spain sign labor agreement
Morocco and Spain signed in Madrid this Wednesday an agreement regulating the flow of labor, aimed to fight the exploitation of illegal workers. Morocco-Spain, Economics, 7/25/2001 - IMF lauds performance of Egyptian economy
A report by the International Monetary Fund (IMF) mission said the performance of Egyptian economy this year was remarkably better than it was 10 years ago. Egypt, Economics, 7/24/2001 - Moroccan economy expected to post 6.1 percent growth in 2002
Moroccan economy is expected to post a 6.1 percent growth in 2002, according to forecasts made public Monday by "le Centre Marocain de Conjoncture" (CMC). Morocco, Economics, 7/24/2001 - UAE finance and industry minister expected in Morocco
Finance and industry minister of the United Arab Emirates, Sheikh Hamdane Bin Rached Al-Maktoum, is expected this Monday in Morocco for a four-day official visit. Morocco-United Arab Emirates, Economics, 7/23/2001 - Egyptian-Spanish memo of understanding to activate economic ties
The Chamber of Industry and Commerce in Barcelona, Spain, will provide the Egyptian Trade Representation Office (ETRO) with a new headquarters free of charge for promoting local exports in the Spanish market, ETRO Chairman El-Sayed Kassem said. Egypt-Spain, Economics, 7/23/2001 - New foreign investments in oil, gas exploration
Egyptian Minister of Petroleum, Sameh Fahmi, yesterday emphasized the importance of luring more investments in oil and natural gas mega projects, especially for research, exploration, production, field development and exports. Egypt, Economics, 7/23/2001 - Egyptian exports to US up by 20 percent
Egyptian exports to the US market climbed up by 19.8% during the first five months of this year (January-May) to hit $ 402.9 million vis-a-vis $ 336.3 million during the same period last year, according to a report received by Minister of Economy and Foreign Trade Youssef Boutros Ghali from the trade representation office in Washington. Egypt-USA, Economics, 7/23/2001 - Jordanian debt is 4.6 billion Dinars
The Jordanian government has announced that the general foreign debts of the government until May this year reached 4.6 billion Jordanian Dinars, representing 73.5% of the total GNP. Jordan, Economics, 7/23/2001