Arabic News Weekly Edition for Economics, 9/16/2002
Weekly Edition, Economics - Week of September 16, 2002
- Towards an Arab industrial strategy Regional, Economics, 9/21/2002
- International Monetary Fund promote global accounting standards Regional, Economics, 9/21/2002
- Congress group holds 1st meeting on free-trade agreements with foreign countries
As negotiations between Morocco and the USA for the creation of a free-trade zone are set to start next fall, the newly-set up congressional oversight group held on Thursday its first meeting to look into negotiations of free trade agreements with Morocco and some central American countries. Morocco-USA, Economics, 9/21/2002 - Detroit city chosen to host U.S.-Arab economic forum
The Arab League chief recalled the old US-Arab relationships which date back to the birth of the USA, noting that "it was an Arab country, Morocco, that was the first to recognize the American nation." Regional-USA, Economics, 9/21/2002 - UNRWA hands 97 houses to Palestinians after being destroyed by Israel
The UN Relief and Work Agency UNRWA has handed over 97 new houses it had built for families in Rafah to the South of Gaza, the Israeli army had destroyed their houses during the Intifada, noting that 529 houses were destroyed or damaged in a way that can not be renovated in Gaza since the beginning of the Intifada in September 2000. Palestine-Israel, Economics, 9/20/2002 - German body loans Morocco's power company 50 mln euros for wind power plant
The German Financial Institution KFW has loaned the Moroccan Power Company (ONE/state-owned) 50 million Euros to co-fund a 60 mw wind power park in Essaouira, 450 km south of Rabat. Morocco-Germany, Economics, 9/20/2002 - Exports to Turkey rise 41 percent
"Exports to Turkey in January-June 2002 were worth $61.7 million, a 41 per cent increase on the $43,8million during the same period last year," an official Egyptian report said. Egypt-Turkey, Economics, 9/19/2002 - Jordan buys Syrian barely
The Jordanian Cabinet has approved buying half a million of barley from Syria and authorized the Jordanian minister of industry and commerce to negotiate with the Syrian officials for pricing. Jordan-Syria, Economics, 9/19/2002 - Saudi Arabia boycotts companies selling Israeli goods
Saudi Arabia on Tuesday warned local companies against dealing with five American and European companies because they imported Israeli- made products to the Kingdom. Saudi Arabia, Economics, 9/19/2002 - New credit facilities to boost Egypt's exports
Chairman of the Export Development Bank of Egypt (EDBE) Mahmoud Mohammed Mahmoud that the Bank decided to offer new credit facilities at an interest rate of 3 percent less than the current rate in the market ranging between 10-13 percent with a view to encourage Egyptian exporters to augment their exports and tap new markets. Egypt, Economics, 9/19/2002 - IFC direct finance of the Egyptian private sector
The International Finance Corporation (IFC) has allocated more than L.E. one billion for financing the private sector ventures in Egypt during the coming year, according to IFC Director Samy Haddad. Egypt, Economics, 9/18/2002 - Iraqi oil exports bounce back under un oil-for-food program Iraq, Economics, 9/18/2002
- Suez Canal ready for competition
Head of the Suez Canal Authority (SCA) Ahmed Fadil explained that the Israeli proposed project of digging a canal linking the Mediterranean Sea and the Red Sea through the Dead Sea is unfeasible. Egypt, Economics, 9/17/2002 - Argan bay station project presented to world media
The 1,530,000 m2 station will include 35 hotels, with 19,760 beds. Third of the hotels will be five stars, another third four stars, and the remaining third will be made up of villas and residences that will offer 5100 beds. Some 260,000 m2 will be dedicated to entertainment and shopping areas. Morocco, Economics, 9/17/2002 - Al-Sharq al-Awsat: An international highway between Amman, Jerusalem Jordan-Palestine, Economics, 9/16/2002
- Gulf agriculture secretaries meet in Riyadh
The secretaries of agriculture in the Gulf Cooperation Council (GCC) will discuss on Tuesday and Wednesday in Riyadh, Saudi Arabia, means of strengthening cooperation and integration between the GCC member states in the agricultural, livestock and fishery areas. Gulf-Saudi Arabia, Economics, 9/16/2002 - Morocco and FAO sign US$ 300,000 Convention for Bovine TB Control
Morocco and the UN Food and Agriculture Organization (FAO) signed on Friday a USD 300,000-worth convention to help Morocco set forth a nationwide strategy to control bovine tuberculosis. Morocco, Economics, 9/16/2002