Arabic News Weekly Edition for Economics, 7/29/2002
Weekly Edition, Economics - Week of July 29, 2002
- National Investment Bank loan of LE 275 million for 20 silos
The National Investment Bank (NIB) yesterday approved a LE 275 million loan to the Commodity Supplies Authority to build 20 grain silos, each of capacity of 600,000 tones. Egypt, Economics, 8/3/2002 - OPEC fund loans Morocco $ 15 mln for water supply project
The OPEC Fund for International Development Loaned Morocco US$ 15 Million to help finance a water supply project, the fund said in a release. Morocco, Economics, 8/3/2002 - German-Arab Chamber of Commerce propagates foreign investment opportunities in Egypt
"The German-Arab Chamber of Industry and Commerce decided to construct a site on the Internet in cooperation with the IMF to propagate the foreign investment opportunities available in Egypt," said Executive Director Peter Geopfrisch Egypt, Economics, 8/2/2002 - New water desalination plant in Jordan Jordan-USA, Economics, 8/1/2002
- Arab Mashreq-Maghreb maritime line on quick path to implementation
A group of experts from Morocco, Syria, Jordan, Lebanon and Egypt who have been meeting here this July 28-31 entrusted to Morocco the feasibility study of the Arab "Machreq-Maghreb" maritime line project. Regional, Economics, 8/1/2002 - Egypt begins exports finance and subsidization Egypt, Economics, 8/1/2002
- New consortium to upgrade local textiles
Ghali stressed the importance of entering into partnership with local industrialists and European financial institutions in accordance with existing agreements. Egypt, Economics, 8/1/2002 - Egypt, Sudan sign 15 economic, trade, investment cooperation agreements
Ebeid and Taha held a brief session before being joined by members of the two delegations. Egypt said that talks also covered the integration of the two states. Egypt-Sudan, Economics, 7/30/2002 - Experts probe Sea Link Between Arab Mashreq and Maghreb
Experts from Egypt, Jordan, Lebanon, Morocco and Syria are holding in Damascus since Saturday a meeting on the possibility of establishing a sea link servicing the Arab Mashreq (east) and the Arab Maghreb (West). Regional, Economics, 7/30/2002 - Mauritanian president starts trans-saharan road initiative
President Mouaouyia Ould Sid Ahmed Tayaa of Mauritania laid Monday in Nouadhibou the foundation stone of the Nouakchott-Nouadhibou road which is a section of the trans-Saharan road to connect Europe to Africa via Morocco. Mauritania, Economics, 7/30/2002 - Securitization contributes to increasing market's liquidity
Mahmoud Mohieddin, Advisor to the Minister of Foreign Trade and member of the Board of Directors of the Central Bank of Egypt (CBE) asserted that market indicators show that interest rates in bank's deposits and interest rates among banks are declining, adding that this is a positive development as it conforms with the set economic rules without any sort of interference on the part of the CBE. Egypt, Economics, 7/30/2002 - October: Institute set to put Egypt on IT global map
Established in 1993 to bridge the technological gap between Egypt and the developed nations, the ITI has had resounding success, with 14 percent of its graduates working with the world's most famous IT and software companies. Egypt, Business, 7/30/2002 - Egyptian -Kuwaiti finance to manufacture oil pipes in Port Said
Egyptian Minister of Petroleum Sameh Fahmy praised the Egyptian Kuwaiti strong relations and the success of their joint projects in the field of oil and natural gas industry. Egypt-Kuwait, Economics, 7/30/2002 - Foreigners continue to withdraw assets from Israel
The Israeli central bank said on Sunday that foreign investors withdrew sums at worth $ 152 million from Israel in June after they had already withdrew $ 149 million in May. Israel, Economics, 7/30/2002 - Measurers to enhance banks' role in modernizing industry
After the second meeting, Minister of Local Development Moustafa Abdul-Qader said several decisions were taken to develop and spread small-sized enterprises in all governorates, adding applicants will be given immediate temporary licenses. Egypt, Economics, 7/29/2002