Arabic News Weekly Edition for Economics, 1/14/2002
Weekly Edition, Economics - Week of January 14, 2002
- Business opportunities in Morocco outlined in Beijing Morocco-China, Economics, 1/19/2002
- Corruption is major block to development, Poll
Some 94 percent of heads of enterprises polled by Transparency Maroc, an anti-corruption NGO, deem corruption a major brake to Morocco's development. Morocco, Economics, 1/19/2002 - Teachers to stage march of protest Morocco, Economics, 1/19/2002
- India wants to improve relations with Morocco, diplomat
India gives utmost interest to improving relations with Morocco, especially in the economic realm, said Indian ambassador to Rabat, Ramiah Rajagopalan. Morocco-India, Economics, 1/19/2002 - Egyptian economy is strong and capable of confronting pressures
Egyptian Prime Minister Atef Ebeid said the Egyptian economy is strongly built and has the potential that enable it of confronting pressures, unforeseen renewable changes and maintaining a high growth rate, according to testimony by big world financial establishments mainly the international Monetary Fund. Egypt, Economics, 1/19/2002 - Korea, Morocco hold talks on advancing it cooperation
Korean Information and communication minister, Yang Seung-taik, and Moroccan post and information technology secretary of state, Nasr Hajji, discussed in Soul Friday ways to enhance information technology (IT) cooperation Morocco-South Korea, Economics, 1/19/2002 - Government moves to salvage navigation company
The Moroccan government on Friday decided to pour 150 million dirhams, roughly $ 15 million us dollars, to rescue the Moroccan Navigation Company (COMANAV/state-owned), which has been prey to a serious financial crisis. Morocco, Business, 1/19/2002 - Senegal's president meets head of Morocco's carrier
President Abdoulay Wade of Senegal met Thursday in Dakar Mohamed Berrada, president-director general of the Moroccan carrier, Royal Air Maroc. Morocco-Senegal, Business, 1/19/2002 - Morocco, Thailand to sign tourism accord
Morocco and Thailand will sign shortly an accord to foster bilateral cooperation in tourism, Ms. Busaya Mathelin, charg? d'affaires at the Thai embassy in Rabat, announced on Friday. Morocco-Thailand, Economics, 1/19/2002 - An agreement to found a free trade agreement between Syria, Saudi Arabia ratified
The documents provided for the ratification of the agreement on founding the free trade organization between Syria and Saudi Arabia were exchanged on Wednesday at the headquarters of the Saudi foreign ministry in Riyadh. The agreement will be valid as after 15 days of the date of exchanging the documents. Saudi Arabia-Syria, Economics, 1/18/2002 - The Euro-Mediterranean agreement between the European Union and Lebanon
The EU is Lebanon's main trading partner. Lebanon imports from the EU were valued at $ 3 billion in 2000, accounting for 44% of total imports. Exports to the EU reached $156 million, or 20% of total export. Lebanon-European Union, Economics, 1/18/2002 - The Euro-Mediterranean agreement between the European Union and Algeria
The EU is Algeria's main trading partner. Imports from the EU are 56% of the total and exports to the EU are 64% of all exports. Algeria-European Union, Economics, 1/18/2002 - UN environment agency launches major project on genetically engineered food
The three-year, $38.4 million initiative is seen as a principal element in helping developing countries prepare for the entry into force of the Cartagena Protocol on Biosafety adopted in January 2000. Regional, Economics, 1/18/2002 - New oil discoveries in Iraq Iraq, Economics, 1/17/2002
- Moroccan fair in Baghdad in march
Morocco and Iraq agreed to hold a fair on Moroccan medical equipment and a Moroccan medical week in Baghdad by the end of next March. Iraq-Morocco, Economics, 1/17/2002 - WB Egypt's economic woes manageable
The World Bank said yesterday that Egypt was facing economic challenges in the wake of the September 11 attacks, but could deal with them thanks to its low levels of external debt. Egypt, Economics, 1/17/2002 - Egypt: No problem in paying foreign due debts
"Egypt is facing no problems in paying off its due foreign debts in accordance with set schedules," said the Governor of the Central Bank of Egypt. Egypt, Economics, 1/17/2002 - Modern technology to be introduced to textile Industry
In a leading step to make use of technological applications and information technology for developing Egyptian industry, the Chamber of Software Industry has started organising a series of symposiums and conferences aiming at identifying the means by which each and every industry could benefit from these applications. Egypt, Economics, 1/17/2002 - Moroccan renewable energies center developed techniques enabling to spare 500,000 tons of wood a year
The techniques developed by the Moroccan Renewable Energies Development Center (CDER) enable to spare 500,000 tons of fire wood every year, director of the center, Abdelhanine Benallou, disclosed here. Morocco, Economics, 1/17/2002 - Project to turn Fayyum monuments into tourist attraction
Fayyum is a an area rich in its natural and cultural resources. The beauty of nature is found in Qaroun Lake and Wadi Al Rayan preserve while its archaeological potential lies in the city of Madi that goes back to the second century BC. Egypt, Economics, 1/17/2002 - Ghali to convey message from Vajpayee to Mubarak
Egyptian Minister of Foreign Trade Youssef Boutros Ghali Wednesday said he would convey a verbal message from Indian Prime Minister Atal Bihari Vajpayee to President Hosni Mubarak inviting him to visit India at the earliest possible time. Egypt-India, Economics, 1/17/2002 - Air senegal international to double fleet
The Moroccan-Senegalese carrier, Air Senegal International (ASI), will add two Boeings (757 and 737) to its fleet as of next March, to service Africa, Europe and the United States. Morocco-Senegal, Business, 1/17/2002 - Morocco, China convene meeting on trade and investment
A Chinese-Moroccan meeting on Trade and investment was held in Peking Wednesday. Morocco-China, Economics, 1/17/2002 - Jordan stresses implementation of al-Wahda dam jointly with Syria
One Jordanian official has stressed Jordan's determination to carry out the al-Wahda joint dam project with Syria as from its set date in being a strategic project and an important source of water. Jordan-Syria, Economics, 1/16/2002 - King Mohammed launches rural roads construction in northern Morocco
Morocco's King Mohammed VI launched this Wednesday rural roads construction works near Tangiers. Morocco, Economics, 1/16/2002 - New currency to be circulated in the Jordanian markets by the end of January Jordan, Economics, 1/16/2002
- A Saudi strategy to attract national, foreign investments
The Saudi crown prince Abdullah Bin Abdul Aziz has stressed that his country has taken a strategic decision to seek attracting national and foreign investments. Saudi Arabia, Economics, 1/16/2002 - Trade booms in the Jordanian free trade zones
Jordanian economic and trade sources said that trade movement in the free areas in Jordan have achieved in 2001 a growth rate estimated at 690 million Kuwaiti dinars against 538 million Kuwaiti dinars in the year 2000. Jordan, Economics, 1/16/2002 - Moroccan business delegation explores investment opportunities in Iraq
The Moroccan business delegation which started Monday a three-day visit to Iraq held a series of meetings with Iraqi officials on investment opportunities in Iraq and on ways of reactivating partnership between the two countries. Iraq-Morocco, Economics, 1/16/2002 - 1 billion-loan project to support local products
The Egyptian Cabinet has approved a Central Bank allocation of LE 1 billion for a pilot project aimed at encouraging the purchase of locally made goods. Egypt, Economics, 1/16/2002 - Mubarak gives green light for launching an Oil Field in the Gulf of Suez
Egyptian President Mubarak has given the green light for launching Sharq Al Zeit oil field northern Hurgada, in the Gulf of Suez. Egypt, Economics, 1/16/2002 - Delegation of Egyptian businessmen to head China
A delegation of Egyptian businessmen under chairman of the Federation of Egyptian Chambers of Commerce Khaled Abu Ismail will head on January 22 for Beijing. Egypt-China, Economics, 1/16/2002 - Toshki execution rate doubled
Mahmoud Abu Zeid, Egyptian Minister of Water Resources and Irrigation, said Tuesday that execution rate at the Toshki project has doubled as all working at the project are determined to realise the dream of Egyptian citizens of fanning out of the narrow Valley to the new Delta in the south. Egypt, Economics, 1/16/2002 - Morocco earmarks annually over us$ 130 mln to supply electricity to rural areas
Morocco earmarks annually more than 1.5 Billion DH (US$ 130.4 Mln) to supply electricity to rural areas, said industry, trade, energy and mining minister, Mustapha Mansouri. Morocco, Economics, 1/16/2002 - Mubarak to inspect oil field in Gulf of Suez
Egyptian President Hosni Mubarak will inaugurate soon the most recent oil field at Gebal el-Zeyt in the Gulf of Suez. Egypt, Economics, 1/16/2002 - Mubarak inaugurates 6th Cairo telecomp 2002 fair
Egyptian President Hosni Mubarak Monday inaugurated the 6th Cairo telecomp 2002 exhibition of telecommunications and satellite networks. Egypt, Economics, 1/16/2002 - Jordan gives up the building of al-Wahda dam project
The London- based al-Sharq al-Awsat daily said in its Monday's issue that the Jordanian government has given up the idea of building al-Wahda dam on the Syrian- Jordanian borders. Jordan-Syria, Economics, 1/15/2002 - Nile river coordination office to resume meetings in March in Addis Ababa
Well-informed sources reported on Monday that the regional office in charge of coordinating cooperation and development projects on the Nile river in which Ethiopia, Egypt, and Sudan are taking part will resume its works in March, 2002 in Addis Ababa. Regional, Economics, 1/15/2002 - Moroccan businessmen visit Iraq
A group of Moroccan businessmen, led by minister of foreign commerce, Abdelkrim Benatik, started on Monday a three-day visit to Iraq. Iraq-Morocco, Economics, 1/15/2002 - Slight increase of Morocco's exports in 2001
Exports in 2001 earned Morocco some 72.54 billion DH (about US$ 6.30 billion) compared to 71.35 billion DH the previous year, scoring a slight increase of 1.7 percent. Morocco, Economics, 1/15/2002 - Kuwaiti fund signs $ 65 million loan with Lebanon
The Kuwaiti fund for Arab Economic Development (KFAED) will sign a 20 million Kuwaiti Dinars loan agreement (approximately US$ 65 million) to contribute to financing Al-Litani river irrigation project, the fund director general Badr Al-Humaidi said on Monday. Lebanon-Kuwait, Economics, 1/15/2002 - King Mohammed lays foundation stone of train station in Tangiers
Morocco's King Mohammed VI laid Tuesday noon the foundation stone of a new train station in the Northern city of Tangiers. Morocco, Economics, 1/15/2002 - Morocco's sea products exports decline by 9.6 in 2001
Morocco's exports of sea products were worth some 8.55 billion DH (about US$ 743.47 million) in the period extending between January and November 2001, scoring a decrease of 9.6 percent compared to 2000. Morocco, Economics, 1/15/2002 - Kuwait hosts first Islamic banks exhibition next October
Kuwait will host next October the first exhibition of the kind of Islamic banks and companies with participation of several Islamic countries Kuwait-Regional, Economics, 1/15/2002 - Japan donates morocco 96 million dh-worth of equipment for rural areas
Japan has extended Morocco equipment and vehicles worth 96 million DH (US$ 8.3 Mln) destined to build roads in rural areas. Morocco-Japan, Economics, 1/15/2002 - government receives go ahead to modernization plan
Egyptian Prime Minister Atef Ebeid said that the government has received the go ahead signal from President Hosni Mubarak to carry out the plan to modernize Egypt. Egypt, Economics, 1/14/2002 - Arab League to submit a report on Arab boycott of Israel to Beirut's summit
The Kuwaiti daily al-Watan said in its Sunday's issue that the Arab League (AL) is preparing a report on the Arab's boycott of Israel, noting that this report will be submitted to the forthcoming Arab summit conference. Regional-Israel, Economics, 1/14/2002 - Amman's chamber of commerce discusses with AL officials greater free Arab trade executive program
Chairman and members of the Amman's chamber of commerce discussed in a meeting held with the general administration for economic affairs in the Arab League special measures on imports and exports and the implementation of the executive program for the Greater Arab free trade Zone. Jordan-Regional, Economics, 1/14/2002 - Moroccan business delegation in Baghdad
A Moroccan business delegation is expected in Baghdad this Monday on a three-day visit. Iraq-Morocco, Economics, 1/14/2002 - Royal Jordanian buys one new 'Falcon' plane Jordan, Business, 1/14/2002
- Objections against selling Israeli settlements products in London
The council for strengthening Arab - British understanding ( CABU) has criticized Hawards's trade center's pavilion in London over selling the products of the Israeli settlements in the occupied Syrian Golan Heights and the West Bank . Regional-Israel, Economics, 1/14/2002 - Visiting french investors, journalists received by Moroccan premier
Moroccan premier, Abderrahmane Youssoufi, hosted on Saturday a dinner banquet in honor of a French delegation of investors and journalists. Morocco-France, Economics, 1/14/2002 - Jordan, Turkey to sign a free trade agreement in 2002
The Turkish ambassador in Amman Arjan Ozer has announced that there are negotiations between Jordan and Turkey to sign a free trade agreement between them this year. Jordan-Turkey, Economics, 1/14/2002 - Egytp's communication sector achievements in 2001 and future plans
The year 2001 achievements of the communication sector and communication technology were characterized by rising growth and wide strides based on previously laid down infrastructure as well as new additions made for the first time in the field. Egypt, Economics, 1/14/2002 - EU offers 250 million euros to modernize Egypt's industry
Ambassador of the European Union in Cairo Ian Boag said the EU had allocated 250 million euro to modernize the Egyptian industry. "It is the largest programme the EU finances," he added. Egypt-European Union, Economics, 1/14/2002