Arabic News Weekly Edition for Economics, 9/10/2001
Weekly Edition, Economics - Week of September 10, 2001
- Morocco's carrier reinforces safety measures
The Moroccan carrier, Royal Air Maroc (RAM), announced the reinforcement of safety measures onboard its flights following attacks against targets in the USA earlier this week. Morocco, Business, 9/15/2001 - Euromoney chief praises Egypt's economy
Euromoney Chief Richard Ensor expressed confidence in the future of the Egyptian economy and the wide vistas in store for investment and trade opportunities, noting the Egyptian economy succeeded in ending a period replete with pressures and tension. Egypt, Economics, 9/15/2001 - Egypt-Jordan gas pipeline implementation starts
Works to install a 278-kilometer-long gas pipeline from the Egyptian border town of Al-Arish to the Jordanian port city of Aqaba have started, Petroleum Minister Sameh Fahmi said on Friday. Egypt-Jordan, Economics, 9/15/2001 - Ferdan, Suez Canal bridges open next October
Egyptian Minister of Transport Ibrahim El Demiri paid an inspection visit to the new Ferdan Railway Bridge and the Suez Canal suspension bridge. Egypt, Economics, 9/15/2001 - Some $ 28 billion, losses of Saudi investors because of attacks on US
Saudi experts expect that losses of the Saudi investors to reach $ 28 billion as a result of decrease in the world financial markets and the suspension of the American markets following the attacks at key infrastructure sites in the US. Saudi Arabia-USA, Economics, 9/14/2001 - Gulf trade ministers to meet on September 25th
The trade ministers in the Arab Gulf Cooperation Council (GCC) states convene their 28th meeting in the Bahraini capital in order to discuss several issues aiming at revitalizing Arab Gulf economic cooperation. Gulf, Economics, 9/14/2001 - The foundation of the first Arab company for E- commerce
The representatives of the Arab states taking part in the plenary session of the Arab Economic unity council have signed the foundation of the first Arab Electronic Commerce ( E- Commerce ) trade and discussed an agreement to set up the Arab academy for electronic works. Regional, Economics, 9/14/2001 - Lebanese government approves next year's budget
In a special meeting held on Thursday, the Lebanese government approved the state's budget for 2002 estimated at 10 billion Lebanese pounds. Lebanon, Economics, 9/14/2001 - 'Gulf airline' stops flights to the US
The Gulf Airline company has suspended all its flights to the US following the terrorist attacks which pushed Washington to close all American airports. Gulf-USA, Business, 9/13/2001 - European flights to Lebanon suspended
Authorities of the Beirut International Airport were informed from the administration of certain European airline companies the suspension of their flight to the Lebanese airport as from Tuesday's evening, without explaining the reasons or defining a date for resuming the flights again. Lebanon-European Union, Economics, 9/13/2001 - Arabs agree on accelerating free trade zone transitional period
Arab finance, economy, trade ministers agreed on accelerating the transitional period to set up an Arab free trade zone, ending January 2005. Regional, Economics, 9/13/2001 - Arab economy ministers meet in Cairo Regional, Economics, 9/13/2001
- 'Deir Ezz Zour Gas' is under production
The Syrian minister of oil and mineral resources Dr. Muhammad maher Jammal has announced putting into production the Dair ezz zour Gas project, 6 months earlier to time of contract completion. Syria, Economics, 9/13/2001 - Head of UN agency for Palestine refugees urges greater relief aid to ease tensions
The head of the United Nations Relief and Work Agency for Palestine Refugees in the Near East (UNRWA) on Wednesday called for more humanitarian aid to the region in order to stem mounting tensions there. Palestine, Economics, 9/13/2001 - Tourism, software sectors prime attraction for foreign investment
A UN report highlighted Egypt's economic potential and efforts to achieve an annual growth rate of seven per cent by attracting foreign capital. Egypt, Economics, 9/13/2001 - Moroccan-Korean round table on investments in Marrakesh
A round table on the promotion of trade and investments between Morocco and South Korea was held in Marrakesh earlier this week. Morocco-South Korea, Economics, 9/13/2001 - Gon't committed to economic reform policy despite period of stress
Egypt is keen on showing strong commitment to economic liberalization, structural changes and privatization although the Egyptian may now face a "period of strain and stress," according to Minister of Economy and Foreign Trade Youssef Boutros Ghali. Egypt, Economics, 9/13/2001 - Sub-Saharan Africa is poorer than 20 years ago: UN report
Declining aid and terms of trade, mounting debt, and ineffective adjustment policies have left sub-Saharan Africa poorer than two decades ago, according to a new report by the United Nations Conference on Trade and Development (UNCTAD). Regional, Economics, 9/13/2001 - Maghreban road transport commission meets in Rabat
The road transport commission, stemming from the Arab Maghreb Union (UMA) held a meeting in Rabat earlier this week to explore means of promoting road transport in the region. Maghreb, Economics, 9/13/2001 - Egyptian economy on sound track
Ebeid urged the need to facilitate the movement of goods and services through building of roads, parts, and airports to connect the different parts of the Arab world. Egypt-Regional, Economics, 9/12/2001 - More infrastructure projects to be implemented soon
Egyptian Prime Minister Atef Ebeid told Middle East News Agency that the government gives priority to developing the sectors of airports, seaports, roads and the infrastructure. Egypt, Economics, 9/12/2001 - 'Salam' Canal approaches completion
Mahmoud Abu Zeid, Egyptian Minister of Irrigation and Water Resources announced that the execution average of the "Salam" canal at north Sinai has reached 96% of the work in the main course of the canal (86 kms) and the infrastructure for the small beneficiaries. Egypt, Economics, 9/12/2001 - Ebeid opens today Euromoney conference
Egyptian Prime Minister Atef Ebeid opens today the biggest annual economic, financial and investment gathering in Cairo, organized by world Euromoney institution. Regional-European Union, Economics, 9/11/2001 - Arab follow up committee calls for taking part at the boycott offices conference in Damascus Regional-Israel, Economics, 9/11/2001
- 6.5 pct. growth rate; secures Egypt top slot
Egypt secured first place this year among emerging markets in terms of economic development, a government report indicated. Egypt, Economics, 9/11/2001 - British investment group sets up project on free zone system
Negotiations are underway between the General Authority for Investment and Free Zones (GP I) and a British investment group to set up an investment project in Egypt on the free zones system to make towels and wools and to export all production. Egypt-UK, Economics, 9/11/2001 - On al-Wahda dam project
The Jordanian minister of waters and irrigation Hazem al-Nasser has stressed that the Jordanian government is proceeding in preparations for implementing al- Wahda dam in cooperation with Syria as soon as possible. Jordan-Syria, Economics, 9/10/2001 - Jordan halts water talks with Israel
Jordan has announced the suspension of talks with Israel on establishing a station for desalinization of springs waters from Beisan region to provide Jordan with 50 million cubic meters of waters of the annual additional waters agreed upon between Israel and Jordan. Jordan also declared rejection to reduce the amounts of waters arrived to it from Israel under Israeli pretext of the water level at Tiberies Lake as a result of drought. Jordan-Israel, Economics, 9/10/2001 - Iraq to use the Lebanese ports
Iraq has announced it wants to rely on the Lebanese ports in importing commodities and goods coming to it in the framework of the "oil for food" program. Iraq-Lebanon, Economics, 9/10/2001 - Ghali receives memo of understanding on Egyptian-US Presidents' Council
US Secretary of Commerce sent a message to Egyptian Minister of Economy that includes the blueprints on the memo of understanding regarding the Egyptian-US Presidents' Council and the broadlines to activate the Council's role. Egypt-USA, Economics, 9/10/2001 - Economic group reviews exchange market developments
The Ministerial Economic Group Sunday held a meeting under Egyptian Prime Minister Atef Ebeid. Egypt, Economics, 9/10/2001 - Israeli restrictions had 'disastrous' impact on Palestinian economy, UN reports
Israeli restrictions in the West Bank and Gaza have had a "disastrous" effect on the Palestinian economy, according to a report released last week by the United Nations Office of the Special coordinator in the Occupied Territories. Palestine-Israel, Economics, 9/10/2001 - Morocco, Belgium set up 100 million euro-worth investment fund
Two private groups, Moroccan "Saham" and Belgian "Thomas et Piron," have set up a fund worth 100 million Euros that will invest in the sector of real estate. Morocco-Belgium, Business, 9/10/2001