Arabic News Weekly Edition for Economics, 1/28/2002
Weekly Edition, Economics - Week of January 28, 2002
- Call to set up Moroccan-Mozambican business council Morocco-Mozambique, Economics, 2/1/2002
- Japanese donation to Moroccan associations Morocco-Japan, Economics, 2/1/2002
- Yemeni debts for Algeria rescheduled
Yemen and Algeria have signed an agreement in Sanaa provided for rescheduling due debts for the Algerian government to be paid by the Yemeni government estimated at USD 80 million. Yemen-Algeria, Economics, 2/1/2002 - Morocco, Russia poised to sign technical cooperation accord on fisheries
Russia and Morocco are about to finalize a protocol of agreement on technical cooperation in matters of fisheries, that is to be signed shortly, reported Thursday Russian business daily Kommersant. Morocco-Russia, Economics, 2/1/2002 - UN relief agency launches $117 million appeal for Palestine refugees
Responding to deteriorating conditions in the West Bank and Gaza Strip following 16 months of strife, closures and sanctions, the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) on Thursday appealed for $117 million for its emergency operations this year. Palestine, Economics, 2/1/2002 - Spanish olive oil exporters launch mideast marketing campaign
The Spanish olive oil exporters association has launched a promotion campaign in the Middle east to boost exports to the region Regional-Spain, Economics, 2/1/2002 - Morocco stages tourism promotion campaign in Spain
Morocco will stage an ambitious promotion campaign for its tourism in Spain following the 8% drop in the number of Spanish tourists who visited Morocco in 2001, said an official from the tourism ministry. Morocco-Spain, Economics, 2/1/2002 - Morocco extends Peru $ 0.10 mln donation
Morocco has extended Peru a donation of US$ 100,000 in solidarity with the Latin American country following the fire that ravaged the capital of Lima last December 29, killing and injuring hundreds of people. Morocco-Peru, Economics, 2/1/2002 - European Union sends Israel letter over destruction EU-funded Palestinian facilities
Member of the European Parliament, Louisa Morgantini, stressed in a press release this week that Israel must compensate the European Union for damage it caused to EU-funded projects in the Occupied Palestinian Territory. Morgantini stated, "The EU must immediately suspend the Association Agreement with Israel on grounds of violation of Article 2, on respect for human rights." Palestine-European Union, Economics, 1/31/2002 - Egypt, UAE seek wider economic cooperation
"Despite the growth in Egyptian-United Arab Emirates (UAE) trade exchange, it has not yet lived up to expectations," said Egyptian Minister of Public Enterprise Mukhtar Khattab. Egypt-United Arab Emirates, Economics, 1/31/2002 - Moroccan-Mauritanian business council holds first meeting
Trade exchanges between Morocco and Mauritania did not exceed 148 million Dirhams in 2000 (nearly US$ 12.86 million). Morocco-Mauritania, Economics, 1/31/2002 - Saudi Arabia permits the imports of Syrian sheep, cattle
The Saudi ministry of Agriculture on Wednesday permitted the Syrian sheep and cattle to be imported to Saudi Arabia through al-Haditha border opening. Saudi Arabia-Syria, Economics, 1/31/2002 - Mubarak endorses cooperation agreement with Jordan
Egyptian President Hosni Mubarak ratified a cooperation agreement between Egypt and Jordan in the field of specifications and quality activities, according to Minister of Industry and Technological Development Ali El-Saedy. Egypt-Jordan, Economics, 1/31/2002 - Delegates at UN meeting stress key role of water, sanitation for sustainable development
As a United Nations committee continued to lay the groundwork for an upcoming United Nations summit on sustainable development, participants of the preparatory session in New York warned that without ensuring safe water and sufficient sanitation, there was little chance of meeting crucial long-term development goals. Regional, Economics, 1/31/2002 - Qatar, Kuwait gas deal Qatar-Kuwait, Economics, 1/31/2002
- Egyptian businessmen probe means to further agricultural cooperation with EU
The seminar will centre on terms of offering loans and means to finance joint Egyptian-EU projects in the field of Agriculture, Youssef added. Egypt-European Union, Economics, 1/31/2002 - Work in Toshka makes progress
Egyptian Minister of Water Resources and Irrigation Mahmoud Abu Zeid said that work in Toshka achieves continuous progress. Egypt, Economics, 1/31/2002 - Morocco's carrier gets first of its two Boeing 767-300 fr
Morocco's carrier, Royal Air Maroc (RAM), has received the first of the two Boeing 767-300 FR it had purchased. Morocco-USA, Business, 1/31/2002 - Baghdad: we have imported one billion dollar of Saudi commodities
In the light of the developed Iraqi trade relations with several Arab states, the Iraqi trade minister Muhammad Mahdi Saleh said on Tuesday that his country imported commodities at a cost of USD one billion from Saudi Arabia in the course of the oil-for-food program and also out of this program. Iraq, Economics, 1/30/2002 - Egypt committed to open market policy encouraging foreign investments
Egyptian Prime Minister Atef Ebeid said yesterday that the Egyptian government remained committed to the economic reform programme, open market policy, encouraging foreign investments and creating new jobs for fresh graduates along with upgrading services. Egypt, Economics, 1/30/2002 - U.S. officials cite importance of African oil to U.S. economy
The prime "energy locations" identified in the study are West Africa, Sudan, and Central Africa. Regional-USA, Economics, 1/30/2002 - Morocco-Canada $ 30-million joint fund starts activities
Acces Capital Atlantique SA (ACASA), a US$ 30 Million Moroccan-Canadian venture capital fund, was officially launched in Casablanca by the two partners, Morocco's Caisse de Depot et de Gestion (CDG) and Canada's Caisse de Depot et Placement (CDP). Morocco-Canada, Business, 1/30/2002 - Saudi reservations to buy American rice
The Saudi ministry of trade has showed reservations on all shipments of American rice because of suspicion it includes lead. Saudi Arabia-USA, Economics, 1/30/2002 - USAID donates southern hospitals equipment worth us$ 0.42 mln
The US Agency of International Development (USAID) has donated hospitals in the Moroccan southern region medical equipment worth US$ 420,000 for their maternity wards. Morocco-USA, Economics, 1/30/2002 - Morocco, India initial MOU on industrial cooperation
Morocco and India initialed last week a memorandum of understanding in the industrial sector. Morocco-India, Economics, 1/30/2002 - $ 3.7 billion, losses of the Palestinian Intifada
International reports have warned against the consequences of the escalated conditions in the West Bank and Gaza as a result of the continued Israeli aggressions and targeting the Palestinian infrastructure. Palestine, Economics, 1/29/2002 - Morocco sets up competition council
The council was set up to facilitate transition into an economy that will more and more apply market mechanisms, transparency and loyalty in commercial relations as well the consolidation of consumers' information rules, Youssoufi said at the installation ceremony. Morocco, Economics, 1/29/2002 - Syrian sheep exported to Saudi Arabia Saudi Arabia-Syria, Economics, 1/29/2002
- Iran - Syria joint energy commission meeting
Syria's Deputy Minister of Electricity, Sofyan al-Alav pointed out that the energy consumption in Syria in peak hours has reached 4,699 mw, while its power generating capacity is 7,700 mw. Syria-Iran, Economics, 1/29/2002 - Sudan - Iran economic cooperation talks
Minister of Commerce Mohammad Shariatmadari in Khartoum on Tuesday held talks with President Omar Hassan Ahmad al-Bashir on economic cooperation between the two countries. Sudan-Iran, Economics, 1/29/2002 - Moroccan fishery office to invest more than us$ 47 million over five years
The Moroccan Office National des Peches (ONP) is projecting an investment of 542 million Dirhams (more than US$ 47.13 million) part of its mid-term orientation plan covering the 2002-2006 period. Morocco, Economics, 1/29/2002 - Egyptian economy suffers no cracks
Egyptian Prime Minister Atef Ebeid said the Egyptian economy is strong and suffers no cracks according to available figures. He said we need only 8 per cent of our annual resources to settle our debts. Egypt, Economics, 1/29/2002 - High Dam renovation contract signed with Swedish consortium
"The Aswan High Dam is Egypt's biggest national project and one that guarantees the continuity of sustainable development," Minister of Electricity and Energy Hassan Younis said yesterday. Egypt, Economics, 1/29/2002 - Agreement reached in advance of UN forum on financing for development
Following 12 days of intensive consultations, the committee charged with negotiating a set of principles for the forthcoming UN International Conference on Financing for Development has reached informal agreement on the text that the Conference will aim to adopt. Regional, Economics, 1/29/2002 - Libya stress closer trade ties to Iran
Head of Iran Chamber of Commerce, Industries and Mines (ICCIM) Ali Naqi Khamoushi said Sunday that private sector activity does not have any political ramifications so political discussions between governments should not hinder private sector cooperation. Libya-Iran, Economics, 1/28/2002 - Egypt, Australia consider setting up gas liquefaction plants
Egyptian Minister of Petroleum Sameh Fahmi held talks yesterday with a visiting Australian official to discuss bilateral cooperation in the petroleum sector. Egypt-Australia, Economics, 1/28/2002 - Tokyo hosts conference on investment in ME
The four-day conference, to start on Monday, is organized by Japan Centre for Cooperation with the Middle East. Before leaving, Ghamrawi said that he will review at the conference the investment climate in Egypt, especially after the amendments introduced by the Egyptian government to the investment law. Regional-Japan, Economics, 1/28/2002 - New round of preparations for UN summit on sustainable development
A new round of preparations for a major United Nations forum on sustainable development will get under way this Monday in New York to lay the groundwork for a review of progress since a landmark UN conference in Rio de Janeiro a decade ago. Regional, Economics, 1/28/2002 - Morocco's carrier foresees drop of activities
The Moroccan carrier Royal Air Maroc (RAM) predicts a fall of 15 to 20 percent of its activities by next September. Morocco, Business, 1/28/2002