Arabic News Weekly Edition for Economics, 3/18/2002
Weekly Edition, Economics - Week of March 18, 2002
- Sudan to take part in the Damascus Leather's first exhibition Sudan-Syria, Economics, 3/23/2002
- Mubarak looks into investment promotion report
Egyptian President Mubarak has given specific directives to the government to start immediately in going ahead with the state plan for eliminating obstacles facing investment and ending the suffering faced by investors in dealing with government and administrative bodies. Egypt, Economics, 3/23/2002 - Egypt to solve export problems
Egyptian Prime Minister Atef Ebeid said that the government was keen on solving problems the investors were facing, as part of efforts to develop, encourage and attract investments, and open foreign markets to Egyptian products and provide job opportunities for youths. Egypt, Economics, 3/23/2002 - Cabinet to discuss establishment of information technology development authority
The cabinet will discuss at its next meeting two draft laws on the establishment of a new authority for developing information technology industry. Egypt, Economics, 3/23/2002 - Morocco's exports of food products decrease by 10.5% by january
Moroccan exports of food products were worth 1.6 billion DH in January 2002 (US$ 137.9 million), recording a 10.5% drop compared to 1.8 Billion DH (US$ 155 million) in the same month of last year, says the exchange office. Morocco, Economics, 3/23/2002 - Tunisia gets euros 248.6 million of European funding Tunisia-European Union, Economics, 3/22/2002
- US to increase international aid in the future Regional-USA, Economics, 3/22/2002
- Euro-mediterranean trade in figures Regional-European Union, Economics, 3/22/2002
- King Mohammed calls international community to double public assistance to development
We are not gathered here to ponder on the causes and outward signs of under-development that weighs on so many peoples. Our intention is not either to look into the frightening gaps and unbalances that led our world to a situation where islets of richness and prosperity are surrounded with large oceans of misery, illiteracy, ravaging epidemics and blatant shortages in various fields of human development Regional, Economics, 3/22/2002 - Israel completes plans to import Turkish waters within two weeks
The economic group at the Israeli Cabinet said on Wednesday that Israel is intending to import between 50 to 100 million cubic meters of waters from Turkey because of the drastic shortage in local water supplies. Israel-Turkey, Economics, 3/22/2002 - Establishing Euro-Mediterranean investment facility within the European Investment Bank
The EU Council of Ministers for Economic and Financial Affairs conclusions to the effect that "the most efficient option for immediate implementation" to stimulate private sector development in the Mediterranean Partners "is establishing a reinforced Euro-Mediterranean Investment Facility within the European Investment Bank (EIB)." Regional-European Union, Economics, 3/22/2002 - Agreement on Euro-Mediterranean participation in pan-European cumulation of origin
Euro-Mediterranean Trade Ministers held their second meeting on 19 March in Toledo, Spain. They stressed that steps had been taken to further implement the existing bilateral and regional free trade agreements between Mediterranean Partners. Regional-European Union, Economics, 3/22/2002 - European funding in numbers for the Economic Transition Program in Tunisia Tunisia-European Union, Economics, 3/22/2002
- Al-Refai: Syria is ready for a balanced partnership with European Union
The minister of the economy and foreign trade Ghassan al-Refai on Wednesday stressed Syria's readiness for a balanced and gradual partnership with the European Union. He said that this partnership will be effective and it would be real. Syria-European Union, Economics, 3/21/2002 - Saudi Arabia wants greater investment in Egypt
Though Egyptian-Saudi trade exchange hit 2.2 billion rials, there are more potentials for larger exchange, said Saudi Minister of Trade Osama Bin Jaafar Faqeeh. Egypt-Saudi Arabia, Economics, 3/21/2002 - Russian- Iraqi joint committee concludes constructive results
The Iraqi minister of oil Amer Rasheed has described the results of the fourth meeting of the Russian- Iraqi joint committee on trade, economic, scientific and technical cooperation which concluded its works in Moscow on Wednesday as constructive. Iraq-Russia, Economics, 3/21/2002 - Ebeid opens 35th Cairo int'l fair
Ebeid listened to a report on the plan of the ministry of agriculture to expand the Mubarak national project to give title deeds to agricultural land to young graduates and build 121 new villages as part of the project to support 45,000 families which own 225,000 feddans. Egypt, Economics, 3/21/2002 - Ebeid receives British industry minister
Wilson said his discussions with Ebeid had covered enhancing cooperation with Egypt particularly in the textile industry, food processing and petrochemicals. Egypt-UK, Economics, 3/21/2002 - Beltagui discusses German tourism investment in Egypt
Egyptian Minister of Tourism Mamdouh A1 Beltagui held a number of meetings in Berlin with decision makers in top German Travel agencies on the side lines of Berlin International Aviation and travel Bourse. Egypt-Germany, Economics, 3/21/2002 - Moussa and the Arab economic conference Regional, Economics, 3/20/2002
- On the Syrian- Iraqi oil pipeline
News reports in Amman said that the Iraqi oil minister Amer Rasheed will arrive in Damascus next week to hold talks with his Syrian counterpart Ibrahim Haddad to discuss the "feasibility study" for starting a new Syrian- Iraqi oil pipeline at a capacity of 1.5 million barrels every day. Syria-Iraq, Economics, 3/20/2002 - Euro use as single currency calls for reconsidering monetary policies
Addressing the opening session of a symposium held under the title "The Euro and the European Monetary Policy", Goweili anticipated that the euro would have a positive effect on the Arab monetary markets. Regional-European Union, Economics, 3/20/2002 - Belgian organizations call for boycotting Israeli goods
Three non- governmental Belgian organizations have called on the Belgium consumers to boycott the Israeli goods in protest of the European silence concerning the Israeli aggressions against the Palestinian people in the occupied territories. Israel-Belgium, Economics, 3/20/2002 - An EU- Mediterranean economic meeting Regional-European Union, Economics, 3/20/2002
- Israeli traders boycott European Union goods
The Israeli chamber of commerce has decided to boycott the goods produced by the European Union EU member states, in protest of what it called the bias of these countries to the Arab states. Israel-European Union, Economics, 3/20/2002 - Economic stability basic to security; tax evasion
Adly said the ministry would not disregard any violation by policemen in dealing with citizens Egypt, Economics, 3/20/2002 - Egypt's Five-year plan of 2002/2007 worth LE 362.7 billion
A senior government official yesterday estimated that the total investment requirement for the next five-year-plan (2002/2007) would be LE 362.7 billion, with an annual average investment of LE 73.5 billion, and a yearly growth rate of six per cent. Egypt, Economics, 3/20/2002 - UK confident about Egypt's investment climate
Since starting operations here British firms have injected up to $15bn into the oil and natural gas sector, he said. Egypt-UK, Economics, 3/20/2002 - Iraqi- Russian committee meets in Moscow Iraq-Russia, Economics, 3/19/2002
- Tourism recession In Israel Israel, Economics, 3/19/2002
- Beltagi: efforts to promote tourism to Egypt bear fruit Egypt, Economics, 3/19/2002
- Two Japanese companies to provide electrical equipment to Egypt Egypt-Japan, Economics, 3/19/2002
- Exporting natural gas to Jordan, first stage of a pan-Arab venture
Egyptian-Jordanian talks started Monday over technical and economic cooperation in the fields of petroleum and natural gas cochaired by Prime Minister Atef Ebeid and his Jordanian opposite number Ali Abul -Ragheb. Egypt-Regional, Economics, 3/19/2002 - Egypt talks part in rehabilitation of Iraqi factories
Egyptian Industry and Technological Development Minister Ali El-Saeedi said yesterday that Egypt would take part in the rehabilitation of Iraqi factories and setting up new projects to upgrade competitiveness of Iraqi industries. Egypt-Iraq, Economics, 3/19/2002 - Fahmi: Egypt's huge oil reserves attract in'l companies
Egypt is currently witnessing intensive activities by major world companies to prospect for oil and natural gas and develop discovered offshore fields in the Mediterranean Sea, said Minister of Petroleum Sameh Fahmi. Egypt, Economics, 3/19/2002 - World companies compete to prospect for oil in 32 new regions
"World companies' bids will be selected this month to grant oil and natural gas prospection concessions in 32 new regions of 292,000 kilometers, covering 29 percent of the country's area," said Minister of Petroleum Sameh Fahmi. Egypt, Economics, 3/19/2002 - International institutions help in restructuring faltering companies
Egyptian Minister of Public Business Sector Mokhtar khattab said that various international financial institutions would offer easy-term loans for the first time to restructure the faltering companies that have exporting capabilities. Egypt, Economics, 3/19/2002 - IFC contributes $177 million to finance industry, energy projects
The annual report of the International Finance Corporation, affiliated to the World Bank, states that the corporation will finance investment projects worth $ 177.24 million in the fields of industry and energy in Egypt. Egypt, Economics, 3/19/2002 - Saudi - Tunisian investment cooperation Saudi Arabia-Tunisia, Economics, 3/18/2002
- Iraq, Bahrain sign agreement Iraq-Bahrain, Economics, 3/18/2002
- Damascus's advanced training workshop on the use of remote sensing techniques
Abdelgawad said that it will focus on the capabilities provided by the remote sensing techniques and GIA in the field of desertification monitoring and combating; The use of digital processing of the Satellite images and the preparation of the different thematic maps; the use of multi temporal satellite images to monitor changes on land and vegetative cover Syria, Economics, 3/18/2002 - Egyptian-Chinese economic cooperation boom
Members of the Egyptian-Chinese Business Council asserted during their meeting in Cairo yesterday that the upcoming stage would witness a breakthrough in Egyptian-Chinese joint ventures. Egypt-China, Economics, 3/18/2002 - Kuwaiti loan funding pipeline project
Egyptian Prime Minister Atef Ebeid yesterday attended the signing ceremony of a loan agreement between Egypt and the Kuwaiti Fund for Arab Economic Development, under which the fund will contribute with 31 million dinars in loans to a project aimed to extend a natural gas pipeline between the Egyptian and Jordanian ports of Arish and Aqaba. Egypt-Kuwait, Economics, 3/18/2002 - World telecom development conference in Istanbul Regional, Economics, 3/18/2002
- Reservations in Egypt tourist resorts pick up speed
Reservation rates in Egypt's various tourist resorts show that Egypt as a tourist destination is in higher demand, said Minister of Tourism Mamdouh El-Beltagui. Egypt, Economics, 3/18/2002