Arabic News Weekly Edition for Economics, 7/30/2001
Weekly Edition, Economics - Week of July 30, 2001
- Lebanese- Iraqi economic relations
The economic sides in Lebanon have welcomed appointing Wafiq Ruheimi as the first Lebanese diplomat at the rank of a consultant for the charge de affairs of the Lebanese embassy in Iraq. This decision was taken after Beirut had decided in march this year to resume diplomatic relations with Iraq following a suspension of 7 years. Lebanon-Iraq, Economics, 8/4/2001 - Ministerial economic group discusses activating privatization program
Egyptian Prime Minister Atef Ebeid meets today with the economic ministerial group and senior bankers to approve the new system of foreign exchange rates, to be effective tomorrow, and ways of activating the national privatization program. Egypt, Economics, 8/4/2001 - IMF commands macroeconomic stability in Morocco
The International Monetary Fund commended macroeconomic stability in Morocco, as evidenced by the comfortable external position and the maintenance of inflation at industrial countries' level, despite adverse internal and external conditions. Morocco, Economics, 8/4/2001 - On al-Wahdah dam
The Jordanian minister of waters and irrigation Hazem al-Naser has stressed that his ministry is persistent to build al-Wahda dam on al-Yarmouk river, adding that the ministry is in the phase of qualifying companies to start the implementation of this project as from March 2002, denying any new change to this effect. Jordan, Economics, 8/4/2001 - 2nd Morocco-Japan-Africa fishing industries training cooperation project signed
Morocco and Japan signed in Rabat on Friday documents to start the 2nd Morocco-Japan-Africa tripartite technical cooperation program in fishing industries. Morocco-Japan, Economics, 8/4/2001 - EU, Egypt discuss aid program
Ambassador Gamal Bayoumy who is in charge of the Egyptian European Union File, said the two sides are currently holding talks on defining the Egyptian sectors that will receive finance within the framework of the European aid offered to Egypt. Egypt-European Union, Economics, 8/4/2001 - Exports of early fruits and vegetables decline by 10%
Moroccan exports of early fruits and vegetables declined by 10% up to last June 15, from 374,000 tons in 2000 to 338,000 tons in 2001. Morocco, Economics, 8/4/2001 - Marrakesh hosts next October international forum on urban poverty
Marrakesh will host next October 16-19 the 4th international forum on urban poverty which will be seeking to adopt a social and economic approach to urban development. Regional, Economics, 8/4/2001 - Study forecasts 5.6% growth in industrial investments in 1st half of 2001
Industrial investments will reach a 5.6% growth in the first half of 2001, after the quasi stagnation in 2000, says a study of the industry, trade, energy and mining ministry. Morocco, Economics, 8/4/2001 - Britain Targets Morocco for Trade Promotion Campaign
A statement explains that the campaign, destined to fill the information gap in the target countries, has chosen Morocco "as the Moroccan economy continues to liberalize and the free-trade zone foreseen by the EU-Morocco association agreement becomes a reality, Moroccan and British private sectors ought to be profiting from closer links." Morocco-UK, Economics, 8/3/2001 - Contracts at a cost of $ 100 million between Iraq, Algeria
The Algerian minister of industry and re-structuring Abdul Majid al-Manaserah has announced the signing of contracts at a cost of $ 100 million on the occasion of the visit of the Algerian economic delegation to Baghdad. Iraq-Algeria, Economics, 8/3/2001 - Maroc Telecom and Motorola Sign $47 mln Contract
Motorola, a US leading mobile phone company, has signed with Morocco's telecom operator Maroc Telecom a $47 million network infrastructure expansion deal. Morocco, Business, 8/3/2001 - Beirut Hosts Conference of Services Liberalization Regional, Economics, 8/3/2001
- Inter-Arab investments grow by 4.3% in 2000
Inter-Arab investments reached in 2000 some US$ 2.28 billion, posting a 4.3% growth compared to 1999, says the Arab Investments Guarantee Organization. Regional, Economics, 8/2/2001 - Iraq renovate the flower producing sectors Iraq, Economics, 8/2/2001
- President Mubarak presides over ministerial economic group meeting
The meeting discussed a number of ministerial reports, particularly as regards following up and regulating the exchange market and realizing stability in the financial exchange market and daily follow up of changes related to this. Egypt, Economics, 8/2/2001 - The water issue between Turkey and Israel
The Turkish daily Millet said on Wednesday that Israel proposed to Turkey providing it ( Israel) with water against renovating several Turkish tanks at a total cost estimated at USD one billion. Turkey-Israel, Economics, 8/2/2001 - Nearly $ 150 million will be injected in supermarkets in Morocco
The Moroccan government and two groups operating in supermarkets signed in Tangiers Wednesday an investment agreement worth 1.7 billion Dirhams (about $ 147.82 million). Morocco, Business, 8/2/2001 - Gov't role in luring investments increases
Egyptian Prime Minister Atef Ebeid stated in press statements yesterday that the role of the government will be maximized in future to attract more investment in certain fields. Egypt, Economics, 8/2/2001 - Egyptian investors intend to hold projects in al-Aqaba private district
The chairman of the private economic al-Aqaba district commissions board Aqil Beltaji has stressed that Arab businessmen and investors are to hold various investment projects in the " private area," with the aim to benefit from the competition and investment environment in Jordan, especially in al-Aqaba. Jordan-Egypt, Economics, 8/2/2001 - Germany seeks to enhance trade ties with Egypt
Officials at the German -Arab Chamber of Industry and Commerce in Cairo discussed the possibility of enhancing trade ties between Germany and Egypt on one side and with Arab states on the other. Egypt-Germany, Economics, 8/2/2001 - Morocco's central bank announces end of transactions in european currencies in 2002
Bank Al-Maghrib, Moroccan central bank, announced that it will stop all transactions in the European currencies starting next January 1st, 2002. Morocco, Economics, 8/2/2001 - Ethiopia and Sudan
The Sudanese embassy in Addis Ababa said on Wednesday that Ethiopia which has sea coasts has transferred its trade of imports and exports to the " Port Sudan" port in reply to the restrictions imposed at Djibouti outlet. Sudan-Ethiopia, Economics, 8/2/2001 - EU rejects giving privileges to Israel products
European commission in Brussels decided to refer the issue of products manufactured in Israeli settlements in Gaza strip, West Bank, East Jerusalem and occupied Syrian Golan height to a private committee to discuss whether these products will enjoy the privileges set by European- Israeli partnership. Israel-European Union, Economics, 8/2/2001 - On the Damascus Israel's boycott meeting
Damascus has renewed its demands to the Arab states to maintain direct and indirect boycott of Israel, stressing that the failure of the peace process which resulted in freezing many of the Israeli- boycott offices in the Arab states prove the importance of such a boycott. Regional-Israel, Economics, 7/31/2001 - First class of Moroccan postwomen graduate Morocco, Economics, 7/31/2001
- Boycott office concluded its meeting by a final statement
The Israeli boycott office at the level of experts and technicians on Monday concluded its works on Monday evening following two deliberations during which the participants discussed the mechanism to revitalize the Arab boycott of Israel and to intensify it in being a form of peaceful Arab resistance to eliminate the Israeli barbarous practices against the Palestinians. Regional-Israel, Economics, 7/31/2001 - King Mohammed calls government to endeavor to stimulate investments
Morocco's King Mohammed VI called this Monday the government to enforce concrete and investment-inducing measures and programs to stimulate productive and job-generating investments and carry out well-defined and realistic projects. Morocco, Economics, 7/31/2001 - Arab- German economic relations in a conference
Germany on October 21 will host an Arab- German economic conference that discusses the evaluation of relations between the two sides in the economic fields and means of boosting co-operation between the two sides in the trade and investment areas. Regional-Germany, Economics, 7/31/2001 - Iraqi- Turkish trade exchange volume is in increase
The Turkish minister of state Tonja Toskai said that the infrastructure for the return of the economic relations volume of his country with Iraq as it was before the year 1990 has become ready. Iraq-Turkey, Economics, 7/31/2001 - Ghali confers with South African Trade Minister
Egyptian Minister of Economy and Foreign Trade Youssef Boutros Ghali held a session of talks with South African Minister of Trade and Industry Erwin Alee to discuss ways of enhancing bilateral economic and trade relations. Egypt-South Africa, Economics, 7/30/2001