Arabic News Weekly Edition for Economics, 5/6/2002
Weekly Edition, Economics - Week of May 6, 2002
- Moroccan government approves six cooperation agreements with Syria Morocco-Syria, Economics, 5/11/2002
- EU reduces purchases of Israeli produce Israel-European Union, Economics, 5/11/2002
- Iraqi purchases from Saudi Arabia exceed $ one billion
Iraq has announced that the volume of the Iraqi purchases from Saudi Arabia exceeds USD one billion, noting that relations between the two states are growing. Iraq-Saudi Arabia, Economics, 5/11/2002 - Arab 7th energy conference held today in Cairo
Arab Gulf oil sources stressed that the 7th Arab energy conference which will be convened today in Cairo under the title "Arab cooperation and energy" will be of great importance, noting in particular consultations to be held by several Arab oil ministers concerning developments taking place in the world oil markets especially the decision taken by Iraq to resume its oil exports after one month of freezing it. Regional-Egypt, Economics, 5/11/2002 - Moroccan, Portuguese businessmen probe partnership possibilities
Moroccan and Portuguese businessmen met in Casablanca Thursday to probe partnership possibilities and discuss Morocco's economic potentials. Morocco-Portugal, Economics, 5/11/2002 - Egypt to establish first plant to transform gas into oil by products
"Feasibility studies by international petrochemical research centers to establish Egypt's first plant to transform natural gas into liquified oil by-products were discussed on the sidelines of the 17th international oil conference for the Arab-Euro Mediterranean basin countries held in Alexandria recently, "Minister of Petroleum Sameh Fahmy said. Egypt, Economics, 5/10/2002 - Shura Council debates development plan for 2002/20003
The financial and economic affairs committee at the Shura Council began yesterday discussing the new development Plan for fiscal year (FY) 2002/2003. Egypt, Economics, 5/10/2002 - Egyptian exports increase to some markets
A recent report on the activities of the Egyptian trade representation offices abroad pointed to a significant surge ranging between 27-100 per cent in Egyptian exports to a number of foreign markets, including: Canada, Russia, India, Oman, south Africa and Zambia. Egypt, Economics, 5/10/2002 - Mubarak opens new water projects in Giza Governorate
Egyptian President Mubarak Wednesday opened a number of new projects in Sheikh Zayed City. They include three drinking water projects that will serve the Sheikh Zayed City and the Al-Remaya Club district in the Giza Governorate. Egypt, Economics, 5/10/2002 - Kuwaiti fund to finance Lebanese schools project
The Kuwait Fund for Arab Economic Development (KFAED) will provide 50% of the US$ 90 million needed for a schools project in the Lebanese capital of Beirut Lebanon-Kuwait, Economics, 5/10/2002 - Oman's largest bank to float an Indian subsidiary
BankMuscat, Oman's largest bank, would soon float an Indian subsidiary, and also has plans to come out with a debit card besides setting up a call center in the country Oman-India, Business, 5/10/2002 - Moroccan economic mission to visit Guinea, Senegal, Mauritania Morocco-Regional, Economics, 5/9/2002
- Egypt seeks proven ways to develop small industries and their export potential
Ghali laid emphasis in his opening speech on the dynamism and potential of micro-, small- and medium scale businesses for economic growth, creating job opportunities, and becoming an essential element in the creation of a successful industrial community. Egypt, Economics, 5/9/2002 - Israel uses European funds in construction of settlements Israel-European Union, Economics, 5/9/2002
- Palestinian towns suffered $300-$400 million worth of damage, UNDP says
Recent Israeli incursions in Palestinian towns in the West Bank have caused hundreds of millions of dollars worth of damage, according to estimates released this Wednesday by the United Nations Development Program (UNDP). Palestine, Economics, 5/9/2002 - Arab industry, mining development organization holds 17th session in Riyadh
The ministers will also probe the creation of an Arab fund for industrial technologies promotion, and means to back research centers operating in the field Regional-Saudi Arabia, Economics, 5/9/2002 - Arab colloquy on WTO recommends creation of an Arab arbitration center
Participants recommended the development of arbitration services at the Maghreban and Arab levels and improvement of economic competitiveness, with an appeal to businessmen and public and private financial institutions to use the services of Maghreban economic consultants for all internal and external contracts. Regional-Maghreb, Economics, 5/9/2002 - Intifada and Israeli military surge begot crushing economic crisis in Israel
The Palestinian uprising and the recent Israeli military operations against occupied Palestinian territories caused, for the first time in the history of the Palestinian-Israeli conflict, a deep economic recession. Israel, Economics, 5/9/2002 - Arab Labor Organization elects officials
Lebanon was elected president of the board, represented by Labor minister, Ali Kansou for the administrative board of the Arab Labor Organization (ALO), during the board 57th session which opened in Cairo Tuesday. Regional, Economics, 5/9/2002 - Khattab expounds results of 10 years of Egypt's privatization program
Ten years since the beginning of the privatization program in Egypt, the following questions are still being posed: Should we sell the companies to investors for no return? Would the Ministry of Public Business Sector devote its efforts for restructuring the companies instead of selling them because of the slow pace of the privatization program? What are the results of 10 years of privatization? Egypt, Economics, 5/8/2002 - Key securities' dealers to activate ESE
A new decision has been taken to find out a market for the government's securities "key dealers" with an attempt to revitalize the capital market and draw up a good management system for local debts, Finance Minister Medhat Hassanein has recently disclosed. Egypt, Economics, 5/8/2002 - Morocco major mediterranean destination for foreign direct investments
Amina Naji, a Paris-based attorney and legal advisor for several French companies operating in Morocco, spoke about legal guarantees provided for investors in Morocco, citing in particular the trade courts set up in 1998 to settle commercial disputes, regulate relationships between investors and the administration and guarantee the foreign investors' interests Morocco, Economics, 5/8/2002 - Arab Travel market opened in Abu Dhabi
Activities of the 9th session of the exhibition of the Arab Travel market ( 2002) which is organized by "Red Travel company" started on Tuesday in Abu Dhabi with the participation of 700 companies from 56 Arab and foreign countries including Syria. Regional, Economics, 5/8/2002 - Taiwan to build factory in Jordan
The secretary general of the economic affairs ministry in Taiwan Hio Cheing Beh has announced that his country will shortly establish a factory in Jordan at an investment volume of $ 20 million. Jordan-Taiwan, Economics, 5/8/2002 - Exhibition of Pharaonic artists at the Louvre , Brussels , Toronto
The Louvre set an exhibition about ancient Egypt under the title Pharaonic artists of Deir al Madeena and valley of kings during the period from April 19 till July 22. Egypt-France, Economics, 5/8/2002 - Maritime law experts hold international meeting in Morocco
Maritime law experts are holding a meeting in El-Jadida, some 100 km south of Casablanca, to debate governmental licenses to maritime scientific research and technology transfer to developing countries. Regional, Economics, 5/8/2002 - Moroccan craftsmen sign partnership convention with French peers
The Casablanca handicraft chamber and the craftsmen chamber of the French southern region of Gironde signed on Monday a partnership convention. Morocco-France, Economics, 5/8/2002 - Moroccan business delegation on visit to Poland next month
A Moroccan business delegation will be visiting Poland next June 16-21, the Casablanca chamber of commerce, industry and services announced. Morocco-Poland, Economics, 5/8/2002 - Saudi Arabia: Shoura Council plan for taxing foreigners
the income tax system proposed to be shortly implemented in Saudi Arabia includes imposing a 12% per year tax Saudi Arabia, Economics, 5/7/2002 - OIC session to be convened in Turkey Regional-Turkey, Economics, 5/7/2002
- Joint Iraqi- Saudi exhibition
The Iraqi weekly Nabd al-Shabab (youths impulse) said in its Monday's issue that official sides in Iraq welcomed a Saudi request to hold the first exhibition for the Saudi products at the playground of Baghdad's international Fair. Iraq-Saudi Arabia, Economics, 5/7/2002 - Morocco hosts international electronics forum
Morocco has gained over $ 7 billion worth of foreign investments. In 2001 alone, foreign investments reached the unprecedented level of $3 billion, Youssoufi said. Morocco-Regional, Economics, 5/7/2002 - Indonesia steps up fertilizer cooperation with Tunisia and Qatar
The Indonesian government is exploring cooperation with Tunisia and Qatar in the development of a compound fertilizer industry Regional-Indonesia, Economics, 5/7/2002 - German Isotron company amis for 1/3 of its sales from Morocco
German company "Isotron," specializing in industrial electricity and the new information technologies, is projecting to conduct in 2002 sales of 200 million Dirhams (US$ 17.3 million) in Morocco out of a total of 500 million DH. Morocco-Germany, Business, 5/7/2002 - Portuguese Businessmen in Morocco this Week
The businessmen are representing a dozen enterprises operating in the sectors of public works equipment, wood, agricultural machinery, plastic industry, cars spare parts, machinery for ready-to-wear industry, para-pharmaceutical products and paper and cardboard products. Morocco-Portugal, Business, 5/7/2002 - Japanese city hosts Moroccan week
The Japanese city of Yokohama hosted from April 25 to May 1 a Moroccan handicraft week that coincided with Japan's Golden Week, an economic and cultural event. Morocco-Japan, Economics, 5/7/2002 - Anniversary of Banque Misr
The idea of establishing Banque Misr first emerged in 1907, when Talaat Harb, the renowned nationalist industrialist, published a book calling for the foundation of a national bank with Egyptian financing. Egypt, Economics, 5/7/2002 - UN population fund seeks funds to aid Palestinian women
Responding to the current humanitarian crisis in the Middle East, the United Nations Population Fund (UNFPA) has appealed to donors for $3.6 million to fund an eight-month assistance plan aimed at providing reproductive health services to vulnerable Palestinian women and girls. Palestine, Economics, 5/7/2002 - Moroccan carrier ambitions 14% rise in traffic by 2005
The Moroccan carrier "Royal Air Maroc" ambitions to increase by 14% its traffic by 2005, said Mourad El Kanabi, an executive from the company. Morocco, Business, 5/7/2002 - Increasing world demand for oil
The Organization of Arab Petroleum Exporting Countries OAPEC expects word demand for oil until the end of the current year to reach 76.2 million barrels per day, representing an increase some 500,000 barrels in comparison with the figures of 2001. Regional, Economics, 5/6/2002 - Syrian decrees on real estates, fodder, accord with Yemen
Syria's President Bashar al-Assad has issued the legislative decree no 24 for 2002. It provides for extending by one year the validity of the financial assessment for mortgage used for real estates and those governed by rules of paragraph one of Article one of the 1970 Legislative Decree No. 187. The extension starts as of 1.2. 2002 and ends by 31- 12.2002. Syria, Economics, 5/6/2002