Arabic News Weekly Edition for Economics, 8/19/2002
Weekly Edition, Economics - Week of August 19, 2002
- 355 billion in unpaid debts; program for settling loans of faltering clients
Egypt's government of Prime Minister Atef Ebeid has decided to implement its initiative for settling debts of faltering clients on two stages. Egypt, Economics, 8/24/2002 - King Mohammed dedicates regional investment center of Casablanca region
Morocco's King Mohammed VI, who was accompanied by his brother Prince Moulay Rachid, dedicated Friday afternoon in Casablanca the regional investment center of the Grand-Casablanca region. Morocco, Economics, 8/24/2002 - Egypt will transport natural gas from Aqaba to Jordanian cities
The fact that the Egyptian oil sector companies have been successful in their bid reflects the fact that they are capable of withstanding international competition and working outside Egypt to international standards, relying on their vast experience in this field, Fahmi explained. Egypt-Jordan, Economics, 8/24/2002 - Bush administration to proceed on free trade agreement with Morocco, other countries
The Bush Administration has voiced its intent to move forward on specific trade agreements with a number of countries including Morocco. US trade representative Robert Zoellick sent on Friday letters to congressional leaders asking the Congress to help facilitate trade negotiations Morocco-USA, Economics, 8/24/2002 - Al-Thawra: First private commercial bank in Syria lisenced
The central bank in Syria has approved the opening of the first private commercial bank in implementation of the law provided for founding private banks, approved by the Syrian parliament since more than one year. Syria, Business, 8/23/2002 - Saudi Arabians boycott Coca Cola and Pepsi for Iranian Zamzam
An Iranian beverage drinks company has been witnessing great turnout in Saudi Arabia by boosting "an Islamic alternative" for the American drinks like Coca Cola and Pepsi Cola, due to people's boycott of the American products. Saudi Arabia-Iran, Economics, 8/23/2002 - Al-Walid Bin Talal speaks for the royal family: Saudi assets were not withdrawn from the US
The Saudi Prince al-Walid Bin Talal has underestimated the importance and the credibility of reports which talked about the withdrawal of Saudi assets from the US estimated at 200 billion dollars, noting that he is talking on behalf of the Saudi royal family. Saudi Arabia-USA, Economics, 8/23/2002 - Al-Baath: Syrian- Turkish water coordination
The Syrian minister of irrigation Muhammad Mustafa Martieni has started an official visit to Turkey on top of a technical delegation to attend the inauguration of the Turkish Aksha treatment border station and to be acquainted with the irrigation and water projects in Turkey. Syria-Turkey, Economics, 8/23/2002 - Senegal calls for promoting Morocco-Senegal economic, commercial ties
Senegalese minister of foreign affairs, Cheikh Tidiane Gadio, called in Rabat Wednesday for the promotion of economic and commercial ties between Morocco and Senegal. Morocco-Senegal, Economics, 8/23/2002 - WB Regional Bureau opens in Egypt in October
Egypt's Prime Minister Atef Ebeid discussed with Sami Hadad, World Bank (WB) regional director of Middle East and North Africa area, Egypt-WB cooperation project and arrangements of James.W. WB board chairman visit to Egypt in October, on which he will open the WB regional bureau. Egypt-Regional, Economics, 8/23/2002 - Moroccan farmers visit northern Ireland for potato expertise
A delegation of Moroccan farmers started Wednesday a week-long visit to Northern Ireland to get informed about the country's expertise in matters of seed potatoes growing. Morocco-Ireland, Economics, 8/23/2002 - Taha Yassin Ramadan in Damascus to strengthen economic ties
The Iraqi trade minister Muhammad Mahdi Saleh, who is taking part in the preliminary meetings of the higher committee said that value of trade exchange between the two states reached 4 billion dollars since 1997 until the present time. He unveiled that the bid on the new oil pipe between the two states will be announced very soon. Iraq-Syria, Economics, 8/22/2002 - Saudi Arabian investors withdraw 200 billion dollars in assets from USA
The British daily Financial Times said Wednesday that the Saudis withdrew some 200 billion dollars of their assets placed in the USA because of fears that the Bush administration will freeze them. Saudi Arabia-USA, Economics, 8/22/2002 - Report supports individual participation in development proj
The 6th Human Development report issued by the National Planning Institute in cooperation with the UN Development Project (UNDP) on participation in local development, calls for supporting individuals' participation in development projects, along with boosting the role of vocational and trade unions, and women's role in local and economic development. Egypt, Economics, 8/22/2002 - New gas well in west al-Raqqa, 200,000 cm production capacity
The minister of oil and mineral resources in Syria Ibrahim Haddad said on Tuesday that a new gas field was discovered, 70 Km to the east of Raqqa, by the Syrian oil company. Syria, Economics, 8/21/2002 - Al-Watan: Saudi - Egyptian committee to discuss trade problems
The Saudi- Egyptian technical committee will hold a meeting on August 25th in Riyadh in order to discuss problems relating to commercial exchange between the two states, especially the issue of lifting the restrictions imposed on the Egyptian exports of meat and livestock. Egypt-Saudi Arabia, Economics, 8/21/2002 - five-year oil and natural gas exploration project is to start in Syria Egypt-Syria, Economics, 8/20/2002
- Russian - Kuwaiti oil talks Kuwait-Russia, Economics, 8/20/2002
- Poverty affects one Moroccan out of five, survey
One Moroccan out of five lives in poverty, the center of Demographic Studies and Researches (CERD) said in its 2001 National Report on Population Policy. Morocco, Economics, 8/20/2002 - Al-Wahda dam foundation starts in February
Jordanian officials said that it is expected to start the construction of al-Wahda dam to share the water of al-Yarmouk river between Syria and Jordan in February after a board of seven international companies coalition was chosen to carry out the contract of this vital project. Syria-Jordan, Economics, 8/20/2002 - Petrochemicals a prop for strategic industries
Egypt's Minister of Petroleum Sameh Fahmy recently declared that Egypt is keen to build up a strong petrochemical industry which is considered one of the most strategic industries on which many other industrial depend. Egypt, Economics, 8/20/2002 - Egypt and Sierra Leone to produce palm oil and fish
Egypt's Deputy Prime Minister and Minister of Agriculture and Land Reclamation Youssef Wali yesterday attended signing two agreements to carry out joint agriculture projects between Egypt and Sierra Leone to produce palm oil and fish. Egypt-Sierra Leone, Economics, 8/20/2002 - Egypt- Britain cooperate to grant ISo
Egypt 's Minister of Industry Dr. Ali A1 Saeedy met with Chairman of British Standards Institute BSI to discuss the cooperation programme signed between BSI and Arab Academy for sciences, technology and Maritime transport's productivity and quality institute. Egypt-UK, Economics, 8/20/2002 - Saudis want to withdraw investments from US
Saudi businessmen have called for withdrawing the Saudi investments from the US in case the US will continue and allows judicial lawsuits proposed by some US lawyers against Saudi banks and charity societies, stressing that this case is deliberate and stands against all Saudi interests. Saudi Arabia-USA, Economics, 8/19/2002 - Iraq agrees to resume wheat imports from Australia Iraq-Australia, Economics, 8/19/2002