Arabic News Weekly Edition for Economics, 8/20/2001
Weekly Edition, Economics - Week of August 20, 2001
- Morocco's health minister calls for increasing US investments in pharmaceutics Morocco-USA, Economics, 8/25/2001
- Highest unemployment rates in Israel Israel, Economics, 8/25/2001
- 829 new industrial projects
In an interview with Al-Ahram Moustafa El-Rifai, Minister of Industry and Technological Development declared that 829 new industrial projects started their activity during financial year 2000/2001, and they realize a total production amounting to L.E. 29.463 billion. Egypt, Economics, 8/25/2001 - Egyptian exports to US market up by 21.9%
Egyptian exports to the American market during the first half of 2001 upped to $ 512.3 million compared to $ 420.3 million during the same period of last year. Egypt-USA, Economics, 8/25/2001 - Egypt braces for money-laundering
A Ministry of Economy Spokesman said Egypt would never be a hotbed for money laundering, affirming that Egyptian laws were carefully designed to combat this operation. Egypt, Economics, 8/25/2001 - Japan extends over $ 100,000 to rural social projects
Japan granted on Friday a donation of 1.24 million DH (US$ 109,000) to Moroccan associations undertaking social projects in rural areas. Morocco-Japan, Economics, 8/25/2001 - UN report warns of unprecedented severe crisis in Palestinian economy
With the Palestinian economy mired in a crisis of "unprecedented" depth and severity, a genuine recovery will take years and will need substantial resources even if there is a quick end to the region's current political problems and a resumption of normal economic activity, a new United Nations report warns. Palestine, Economics, 8/24/2001 - Boosting resources of foreign currencies tops government's priorities
Ebeid yesterday said that the government considers the banking system a partner to increase financial resources and foreign currency to activate the wheel of investment and economic performance and provide new job opportunities. Egypt, Economics, 8/24/2001 - Jordan inaugurates three water projects
King Abdullah II of Jordan on Wednesday inaugurated three vital water projects in southern Jordan that will contribute to filling water deficit in the Jordanian province of al-Karack, al-Tufeilah and Amman and also serve agricultural and industrial, tourism projects in this area. Jordan, Economics, 8/23/2001 - Better hurry selling loss-making state owned companies
In recent statements, Minister of Public Enterprises, Mokhtar Khattab, has announced that the privatisation program that Egypt started in the early 1990s was not bound to a fixed schedule. Egypt, Economics, 8/22/2001 - IMF confirms Egypt's economy has no weak point
The Egyptian ministerial economic group met Tuesday under Prime Minister Atef Ebeid to follow up the conditions of the exchange rate market after the application of the new system. Egypt, Economics, 8/22/2001 - More investments needed to provide more jobs
This is why the government has recently launched a program for providing jobs for 170,000 graduates applying for which started on August 15. But what actually happened was that more than a million graduates have applied for these jobs. Egypt, Economics, 8/22/2001 - Omani bank seeks joints ventures in India
Oman's largest bank, Bank Muscat, is eyeing India to capture business generated by the large number of Indian expatriates living in the Sultanate and has sought joint venture with a private bank, reports the Indian news agency (PTI). Oman-India, Economics, 8/22/2001 - Egyptian-Saudi free trade zone
Experts and businessmen asserted that the latest summit between Egyptian President Hosni Mubarak and Crown Prince of Saudi Arabia Prince Abdullah Bin Abdul Aziz has given a new boost to investors in both countries to expand the volume of joint investments and maximize trade exchange in the upcoming stage. Egypt-Saudi Arabia, Economics, 8/21/2001 - Salary increase in Syria Syria, Economics, 8/21/2001
- IMF praises governments recent measures for foreign exchange Egypt, Economics, 8/21/2001
- Basic infrastructure committee of UMA consultative council meets in tripoli
The basic infrastructure committee, stemming from the Arab Maghreb Union Consultative Council (legislative body) opened a session in Tripoli on Monday. Maghreb, Economics, 8/21/2001 - An advanced program to ensure jobs for Arab youths
The Arab Labor Organization led by Ibrahim Qweider has completed preparations of an advanced technical program to provide jobs for youths in the Arab states. Regional, Economics, 8/21/2001 - Southern city of Dakhla gets new port
Morocco's prime minister, Abderrahmane Youssoufi, dedicated on Monday a new port in the southern coastal city of Dakhla. Morocco, Economics, 8/21/2001 - WTO for the Gulf states meets in al-Riyadh
The Gulf Cooperation Council (GCC) member states hold its second meeting in al-Riyadh, the headquarters of the GCC's general secretariat on September 2nd. Gulf, Economics, 8/21/2001 - Egyptian economy has strong bases
German Trade and Commercial Counsellor in Cairo Mathias Von Polenz underlined the importance of pegging part of the Egyptian pound dealings and foreign reserve to a basket of hard currencies such as the Euro and not counting only on the US dollar, a matter which has great impact on the prices of Egyptian commodities and services exported to Europe. Egypt, Economics, 8/21/2001 - Casablanca host 1st international invention and enterprise exhibition
Casablanca will be hosting next December the 1st international invention and enterprise exhibition. Morocco, Economics, 8/21/2001 - Iraq asks to allocate 915 million EURO of its oil revenues for the Palestinians Iraq-Palestine, Economics, 8/20/2001
- Measures to revitalize the boycott of the Israeli goods to the Arab states Regional-Israel, Economics, 8/20/2001
- Trade exchange between Russia, Israel Israel-Russia, Economics, 8/20/2001
- Egyptian-Iraqi free trade agreement goes into effect Iraq-Egypt, Economics, 8/20/2001
- Jordanian ministers head for Baghdad
A large Jordanian delegation including four ministers and several number of activists representing both the private and public sectors will head on Friday for Iraq in a visit which lasts three days in order to hold talks with officials there on means of developing relations between the two states especially in the economic field. Jordan-Iraq, Economics, 8/20/2001 - Jordan denies Israel involvement in Egyptian Gas project
High-level Jordanian source Sunday denied that Israel would take part in the natural gas agreement signed between Egypt and Jordan, stressing that Syria and Lebanon did not withdraw from the agreement. Jordan-Egypt, Economics, 8/20/2001 - $ 35 billion for withstanding water problems in the Arab states
In light of the water crisis from which several Arab states are suffering because of the state of drought these countries knew for several years, a report by the World Bank said that the cost of investment project that are due to be implemented in certain Arab states to meet the shortage in waters might reach $ 35 billion. Regional, Economics, 8/20/2001