Arabic News Weekly Edition for Economics, 9/9/2002
Weekly Edition, Economics - Week of September 9, 2002
- Mubarak discusses with Megawati issues of Palestine, Iraq
The trade exchange volume between Indonesia and Egypt has reached $ 250 million in 2001. Indonesia imports textiles, fruits and phosphates from Egypt while the latter imports wood, paper, chemicals, plastics, tires, gum and tuna from Indonesia. Egypt-Indonesia, Economics, 9/14/2002 - Al-Watan: Iraq relations with Saudi Arabia are good
The Iraqi trade minister Muhammad Mahdi Saleh has announced that the volume of trade exchange between his country and Saudi Arabia reached 2 billion dollars. Iraq-Saudi Arabia, Economics, 9/14/2002 - EIB offers 150 million Euros to finance building new power station
The European Investment Bank (EIB) offered a long-term loan worth 150 million euro to the Egyptian Holding Company for Electricity to finance a new gas-operated power station in south of lakes Nubariya and Nasiriya in the Delta. Egypt-European Union, Economics, 9/14/2002 - Palestine, new member in Arab Social and Economic Council
The 70th session of the Arab League's Social and Economic Council held in Cairo on Wednesday welcomed Palestine as a new member and decided to relieve Palestinian products of customs tariffs. Palestine-Regional, Economics, 9/14/2002 - Abu Dhabi development fund to inject us$ 300 million in Tangiers' mediterranean port project
The Abu Dhabi Development Fund will inject US$ 300 million (3.3 billion Dirhams) in the Tangiers' Mediterranean port project, under a convention signed this Thursday at a ceremony held at the royal office in Rabat under the chairmanship of King Mohammed VI. United Arab Emirates-Morocco, Economics, 9/13/2002 - IFC to open in Rabat program for north African enterprise development
The NAEDF plans to carry out several projects in Morocco, particularly the set up of a targeted program of assistance and training in banking, and prospecting projects where the IFC can invest. Morocco-Regional, Economics, 9/13/2002 - UAE to have 'India Window' for business tie-ups
The Indian Associated Chambers of Commerce and Industry (ASSOCHAM) Tuesday announced signing an agreement with Sharjah Chamber of Commerce and Industry which will stipulate opening of facilitation desks in respective chambers to enhance trade and promote investments between. United Arab Emirates-India, Economics, 9/12/2002 - Mubarak wants red tape cut for foreign ownership of lands Egypt, Economics, 9/11/2002
- Morocco-France sign agreement on set up of innovative projects Morocco-France, Economics, 9/11/2002
- Saudi Arabia starts privatizing telecommunications sector
Saudi Arabia has announced it will give up before the end of this year 30% of its shares in the Saudi telecommunications company, in one of the largest privatization operation within 20 years. Saudi Arabia, Economics, 9/10/2002 - Egypt, Siemens agreements worth 2.2 billion in Telecom, pharmaceutical, chemicals
the signing ceremony of two contracts between Siemens and the MCIT and Telecom Egypt that will make a significant contribution to the telecommunications, pharamceutical and chemical industries. Egypt-Germany, Business, 9/10/2002 - Trade Deficit Drops To 16 percent
A recent report on Egypt's foreign trade shows that the trade deficit has fallen by 16 per cent in the first five months of 2002 to $2.9 billion from $3.46 billion. Egypt, Economics, 9/10/2002 - Arab states economies continue to be mismanaged, report shows
A report for the World Economic Forum has called for making rapid economic reforms in order to open the economics of the Arab states before foreign investment after these economics had suffered long recession, although natural resources are available. Regional, Economics, 9/9/2002