Arabic News Weekly Edition for Economics, 8/12/2002
Weekly Edition, Economics - Week of August 12, 2002
- Public companies sales up to 32.8 billion, profits hit 2460 million; 47 companies for privatization
"Improved market conditions and the greater competitiveness of Egyptian products led to increase revenues," Khattab said at a press conference. Egypt, Economics, 8/17/2002 - Alexander the Great epic to be shot at Morocco studio
The production director Baz Luhrmann and producer Dino De Laurentiis' historical epic about Alexander the Great for Universal Pictures and 20th Century Fox will begin in first-quarter 2003 in Morocco, the Hollywood Reporter said. Morocco, Economics, 8/17/2002 - Sudan's foreign debts talks with IMF and WB
The Sudanese minister of finance and the national economy al-Zubeir Ahmad al-Hassan has unveiled talks held between the government and each of the International Monetary Fund (IMF) and the World bank (WB) on the issue of Sudan's debts in the framework of preparation for the period after the peace agreement phase. Sudan, Economics, 8/17/2002 - Morocco's energy bill 14.5% lower during first half of 2002 Morocco, Economics, 8/17/2002
- Low sulfur gasoline to be commercialized as of Friday Morocco, Economics, 8/17/2002
- Nile Basin water quota agreements to remain intact
Egypt's Minister of Water Resources and Irrigation Mahmoud Abu Zeid said there are close and strong ties binding the 10 Nile Basin countries. Egypt, Economics, 8/17/2002 - New oil find declared by the Minister of Petroleum Egypt, Economics, 8/17/2002
- Morocco's ports traffic rises by 7.7% in 2001
Traffic in Morocco's ports reached 57.5 million tons in 2001, i.e. a 7.7% rise in comparison with 2000. Morocco, Economics, 8/17/2002 - Egyptian tourism recovers from September 11 bad effects
Beltagui pinpointed that these outcomes reveal, according to the testimony of world tourist agencies that Egypt was not only the first to restore normal rates of tourist movement among the Middle East and the south Mediterranean countries, but it was also the first to achieve a growth rate compared to the pre-crisis rates. Egypt, Economics, 8/16/2002 - Egyptian stock exchange, 27 among emerging peers
Monthly report of the Ministry of Foreign Trade on capital market performance in last July showed an increase of GDR 1-8 index to record a positive revenue of 0.61%, or 41.21 points against 40.97 in June 2002. Also, four Egyptian GDRs listed in London Exchange achieved positive revenues with Al-Ezz for Iron and Steel as the highest with 37%. Egypt, Economics, 8/16/2002 - Cabinet to approve executive Statutes of laws on activating local market
The Egyptian Cabinet will dedicate its upcoming meetings to approve some executive statutes including that of the laws on money laundering, exclusive economic zones, real-estate mortgage exports promotion and intellectual property rights. Egypt, Economics, 8/16/2002 - Ebeid advises who escaped with banks money to return home
Egypt's Prime Minister Atef Ebeid advised those who escaped away money or failed to pay back their debts to take the initiative and settle their debts so as to resume their businesses. Egypt, Economics, 8/16/2002 - Arab organization for administrative development cooperates with Sudan Sudan-Regional, Economics, 8/15/2002
- Exports to Arab states healthy, trade surplus up
Non-petroleum exports were worth $1.1 billion in the same period, up 16 per cent on the 2001 total. Petroleum exports fell by 16 per cent to reach $5.1 billion. Egypt-Regional, Economics, 8/15/2002 - Israeli exports decrease following the Palestinian Intifada Palestine-Israel, Economics, 8/15/2002
- French wheat for Jordan
The Jordanian government has received a French wheat shipment estimated at 5,000 tons of a total value of one million dollars. Jordan-France, Economics, 8/15/2002 - The coming water shortage crisis in the Arab states
Studies and statistics issued by international and Arab organizations and commissions indicate that the Arabs are gradually entering the circle of water shortage. Based on that, unless the situation is dealt with before 2010, the problem will be conducive to conflicts especially with the continued expansion of the Israeli settlements in the occupied Palestinian territories. Regional, Economics, 8/14/2002 - Plan 2002-2007 has allocated L.E. 5,700 million for Capital Market Authority Egypt, Economics, 8/14/2002
- Interest rate on treasury bills drop, short-term dollar deposits
Interest rates on treasury bills dropped, while short term dollar deposits and dollar loans surged last week compared to the previous week, a weekly report by the Cabinets Information and Decision Support Centre (IDSC) said. Egypt, Economics, 8/14/2002 - Moroccan foreign trade ups by 11.5%
Moroccan exports increased by 11.5% during the first half of 2002 with 43.52 billion Dirhams (US$ 4.3 million), in comparison with 39.03 billion Dirhams (US$ 3.9 million) during the same period last year. Morocco, Economics, 8/13/2002 - Iraq and Syria signed an agreement for cooperation in the field of industry Iraq-Syria, Economics, 8/12/2002