Arabic News Weekly Edition for Economics, 2/11/2002
Weekly Edition, Economics - Week of February 11, 2002
- MoU between Iran and Libya stressed commercial, economic relations Libya-Iran, Economics, 2/16/2002
- Jordan investigates a big financial scandal
The Jordanian government has submitted the file of a controversial case concerning "illegal operations" against three banks at a sums involved estimated at USD 98 million to the state security court. Jordan, Economics, 2/16/2002 - International donors' meeting reflects nation's prominent regional position
The meeting of the international donors, held recently in the Red Sea resort of Sharm el-Sheikh, reflects Egypt's prominent political position in the region and the vital role played by President Mubarak on the international level, Prime Minister Atef Ebeid said in a TV talk show broadcast on Wednesday. Egypt, Economics, 2/16/2002 - National conference urges more naval transportation
Egyptian Minister of Foreign Trade Youssef Boutros Ghali said that transportation has become an independent and effective industry, and that there is a connection between the efficiency of the industry and the volume of exports and trade in general. Egypt, Economics, 2/16/2002 - Egypt, Italy mull over Italian contribution to building new Egyptian museum
"Meetings of the development, economic cultural, scientific and technological cooperation panels will be held on the sidelines of the committee meetings," he added. Egypt-Italy, Economics, 2/16/2002 - Saudi Arabia prepared to receive one million pilgrims
Two million Muslims will stand after one week at Arafat mount to perform the main part of al-Haj for this year, after the specialized Saudi authorities has prepared all possibilities for smooth performance of this religious duty. Saudi Arabia, Economics, 2/16/2002 - Egypt backs tourism sector
Egyptian Minister of Tourism Mamdouh El-Beltagui said that the state has always been keen on backing tourism sector which is considered to be one of the most important economic sectors. Egypt, Economics, 2/16/2002 - Egypt eager to set up joint projects with Nile Basin countries
Egypt is eager to support the Nile Basin countries and participate in joint projects covering agriculture, especially agricultural production, animal husbandry and fish resources. Egypt-Regional, Economics, 2/16/2002 - Morocco's phosphates group invests in India
Morocco's phosphates corporation (OCP/state-owned) announced it has purchased 74 percent of shares at the Indian Paradeep LTD (PPL). Morocco-India, Business, 2/16/2002 - World leading plastic industry group opens unit in Morocco
Basell-Polyvolefins, a world leading group in plastic industry has opened a unit in the Moroccan city of Casablanca. Morocco, Business, 2/16/2002 - Foreign investments in Toshka more than 50%
Egyptian Minister of Water Resources and Irrigation Mahmoud Abu Zeid said that Foreign Investments in Toshka project are more than 50% of the project's total investment. Egypt, Economics, 2/16/2002 - European Union gives Morocco 120 mln euros for drinking water management
The European Union has granted Morocco 120 Mln Euros to finance a water management program. Morocco-European Union, Economics, 2/16/2002 - Morocco participates in international fish fair in Germany
Morocco is taking part in the eighth edition of the "Fish International" fair held in Bremen, Germany. Morocco-Germany, Economics, 2/16/2002 - Poverty worsens in Morocco, call for action on several fronts
The official, who surveyed the action of the alternation government -that was formed in 1998, putting an end to about 40 years of right-wing rule-conceded "a lack of communication" mainly with the citizens. He deplored the "lack of control on the use of public money" since 1963 and said the Alternation cabinet inherited public institutions that are on the verge of bankruptcy. Morocco, Economics, 2/15/2002 - Japan donates Moroccan hospital us$ 57,748
The Japanese Government has extended the Rabat Ibn Sina Hospital US$ 57,748 (669,880 DH) to help the facility purchase medical equipment. Morocco-Japan, Economics, 2/15/2002 - Morocco's ports traffic grows by 7.6 pct in 2001
Traffic in Moroccan ports in 2001 grew by 7.6 percent to reach 57.5 million tons, due mainly to a rise in phosphate exports and hydrocarbon imports. Morocco, Economics, 2/15/2002 - Gulf, European citizens to enter Egypt without having visa in advance Egypt-Gulf, Economics, 2/14/2002
- Temmar: Algeria has decided to join Arab states free trade zone
Algeria has taken the decision to adopt a convention for the development of trade exchanges between the Arab countries Regional-Algeria, Economics, 2/14/2002 - Syria - Oman tourism cooperation signed
The memorandum states to encourage joint cooperation in the area of tourism promotion and investment through supporting cooperation between tourism establishments between the two states and preparing joint programs and exchanging tourism groups and information, legislation and regulations relating to various tourism areas. Oman-Syria, Economics, 2/14/2002 - Govt earmarked 25 billion pounds for transport sector in 2002/2007 plan
Prime Minister Atef Ebeid said that the government has earmarked about 25 billion pounds in investments in the transport sector in the five-year (2002/2007) plan. Egypt, Economics, 2/14/2002 - WB says Egypt owns potentials to achieve a high growth rate
The World Bank (WB) Thursday said Egypt owns the privileges and potentials that allow it to achieve a high growth rate sufficient to massively reduce the level of poverty. Egypt, Economics, 2/14/2002 - Annan urges UN meeting to look at environmental side of sustainable development
United Nations Secretary-General Kofi Annan Thursday urged high-level government representatives to provide an upcoming UN conference on sustainable development issues a "coherent vision" of the theme's environmental dimension. Regional, Economics, 2/14/2002 - Islamic scientific meeting in Islamabad
Morocco will attend a meeting of the Islamic Permanent Committee on Scientific and Technological Cooperation, due Feb. 16-18 in Islamabad, Pakistan. Regional, Economics, 2/14/2002 - Miro confers with Arab Fund officials Syria, Economics, 2/13/2002
- Syrian- Hungarian Businessmen Council founded
An agreement on founding of the Syrian Hungarian Businessmen council was signed on February 5, 2002 by the Hungarian ambassador in Damascus Balazs Bokor and the chairman of the federation of the Syrian Chambers of Commerce Dr. Rateb al-Shallah. Syria-Hungary, Economics, 2/13/2002 - Gov't offers grants to boost export operations
The Egyptian government offered exporters grants of LE106 million last year to support their export operations, Minister of Foreign Trade Youssef Boutros Ghali said yesterday. Egypt, Economics, 2/13/2002 - Jordan's exports and imports
A Jordanian economic publication has stated that Jordan's exports to Syria in 2001 reached 25.6 million Jordanian Dinars while its imports from Syria reached 46.5 million Dinars.. Jordan, Economics, 2/13/2002 - Iran's industrial fair opened in Jordan Jordan-Iran, Economics, 2/12/2002
- Amendments in the Yemeni customs decree to cope with the Gulf states
Yemen has said it is discussing the amendment of customs tariffs levels to approach levels applied by the countries of the Gulf Cooperation Council (GCC). Yemen-Gulf, Economics, 2/12/2002 - Jordan denies differences with Arab states involved in gas project
The secretary general of the Jordanian ministry of energy and mineral resources Azmi Khreisat has denied the existence of differences with states involved with the project to erect a natural gas pipeline from Egypt to al-Aqaba and then to Syria and Lebanon throughout the Jordanian territories. Jordan-Regional, Economics, 2/12/2002 - Qatar, Oman sign tourism agreement
Qatar and Oman have signed in conclusion of the meeting of their joint committee in Qatar an agreement provided for unifying tourism visas offered by each of the two states to foreigners. Qatar-Oman, Economics, 2/12/2002 - Turkish businessmen to set up free industrial zone in Egypt
A Turkisk delegation of senior industrialists agreed with the Egyptian side on setting up an industrial zone on one million square metres, according to a cabinet source yesterday. Egypt-Turkey, Economics, 2/12/2002 - Egypt's gas reserves on the rise
A top petroleum official said yesterday that recent discoveries of natural gas meant that Egypt's reserves increased from 36.5 trillion cubic feet in 1999 to 55 trillion by the end of 2001. There are also probable reserves of 65 trillion cubic feet. Egypt, Economics, 2/12/2002 - Forum on investments in north Africa calls for sub-regional economic coalition
A forum on investment in North Africa, held here Feb.7-8, called for the creation of an economic coalition in the sub-region in order to speed up the development of communication infrastructure as part of partnership between the private and public sectors. Regional, Economics, 2/11/2002 - Two exhibitions for the Syrian products in Baghdad
The Iraqi Vice President Taha Yassin Ramadan on Sunday in Baghdad opened two exhibitions for the Syrian products in the presence of the minister of supply and internal trade in Syria Bassam Rustoum and the Iraqi foreign trade minister Mahdi Saleh. Iraq-Syria, Economics, 2/11/2002 - New oil leakage at the Kuwaiti al-Shueiba oil refinery
A new oil leakage in the Kuwaiti national oil company on Friday resulted in halting work in al-Shueiba refinery for ten days and this measure aims at avoiding further problems. Kuwait, Economics, 2/11/2002 - Egypt, Italy sign joint statement, memo of understanding
Egypt and Italy late Sunday signed a joint statement and a memo of understanding in the field of agriculture. Egypt-Italy, Economics, 2/11/2002 - Exports of Jordanian- Israeli industrial zone increasing
The Irbid joint industrial zone between Jordan and Israel has announced that its exports has increased by 30% in January, 2002 to reach USD 23.8 million. Jordan-Israel, Economics, 2/11/2002 - Japan increases investments in Egypt, trains cadres in tourism
Senior Japanese officials expressed readiness to further cooperation with Egypt in the fields of joint ventures and training of cadres working in tourism. Egypt-Japan, Economics, 2/11/2002 - Egypt joins gas-exporting club
The monthly report of the OAPEC esteemed Egypt in the first place as to discoveries of natural gas (seven discoveries out of seventeen for the OAPEC countries. Egypt, Economics, 2/11/2002 - WTO chief urges end to farming subsidies in developed countries
The World Trade Organization's top official urged developed countries to drop domestic agricultural subsidies, arguing this would lead to developing countries' earning at least three times more in exports than the international aid they currently receive. Regional, Economics, 2/11/2002 - Gov't interested in funding, solving small-scale enterprises
"At the donors' conference held recently at the red sea resort of Sharm EL Sheikh, the government concentrated on finding the necessary funding for small-scale enterprises for young people over the coming three years," Minister of Foreign Trade Youssef Boutros Ghali said yesterday. Egypt, Economics, 2/11/2002 - Egypt's Exports to UK increase by 33%
Trade exchange between Egypt and UK amounted to almost $ one billion during the period January-October, 2001.Of this sum Egypt's exports hit $503 million vis-a-vis $ 531 million for imports which decreased by 8.6% compared to the last year . Egypt-UK, Economics, 2/11/2002 - OAPEC reports increase of international oil demand in 2001
The Organization of Arab Petroleum Exporting Countries (OAPEC) announced Sunday that the average international demand on oil reached 75.9 million barrels per day in 2001 compared to 75.7 million bpd the year before, an increase of about 200,000 bpd. Regional, Economics, 2/11/2002 - World tourism and hospitality training association signs agreements with Moroccan associations
The World association of tourism and hospitality training, which held here Feb.8-10 an international forum under the patronage of King Mohammed VI, has signed several agreements with Moroccan and foreign tourism associations. Morocco, Economics, 2/11/2002 - Pascal Lamy in Amman
The Jordanian viceroy prince Faisal Bin al-Hussein on Sunday in Amman discussed with the European Union EU commissioner for trade Pascal Lamy Jordanian- European relations in light of the Jordanian- European partnership agreement in all economic fields. Jordan-European Union, Economics, 2/11/2002