Arabic News Weekly Edition for Economics, 10/7/2002
Weekly Edition, Economics - Week of October 7, 2002
- King Mohammed pledges vibrant capital and investments opportunities
"The materialization of this objective goes through abiding by the rules of good governance of public affairs, rapid and in-depth implementation of administrative, judiciary, fiscal and financial reforms, rural development and enhancement of enterprises' competitiveness -- by putting emphasis on the sectors where we have assets and where we have an advantage in terms of competitiveness and of productivity," the king said. Morocco, Economics, 10/12/2002 - Saudi- Russian talks in Moscow Saudi Arabia-Russia, Economics, 10/12/2002
- Portuguese group bids for building, operating tourism area in Morocco
Portuguese tourism group "Pestana" is bidding for the building and operation of a tourism zone in Guelmim (southern Morocco), one of five new sea resorts Morocco has initiated as part of the "Azur plan." Morocco-Portugal, Economics, 10/12/2002 - Indian wheat exports resumed to Iraq
Indian trade sources said on Friday that it was decided to resume wheat exports to Iraq later this month after Iraq had refused Indian shipments in May because the Indian wheat does not meet quality standards. Iraq-India, Economics, 10/12/2002 - Government to compensate victims of cruise company scam job
Emirates' Al-Najat Marine Shipping announced in April job openings for 30,000 Moroccans to work on cruise ships and invited candidates to fill out a form and travel to Casablanca for a pre-employment medical check-up for which they were charged 900 dirhams - almost $80. However, the hopeful applicants had to admit the scheme was a chimera. Morocco-United Arab Emirates, Economics, 10/12/2002 - Morocco and Saudi Arabia consolidate air transport cooperation
Morocco and Saudi Arabia, which convened the meetings of their joint commission last week, have decided to take a series of measures to consolidate their cooperation in air transport, especially as regards the transport of Moroccan pilgrims. Morocco-Saudi Arabia, Economics, 10/11/2002 - Africa has 30 percent of world off-shore oil reserves, British expert
Africa has 30 percent of the world's off-shore oil reserves, said Edwin Bowles, a British export promotion expert. Morocco, Economics, 10/11/2002 - Executive rules for land and real estate acquisition by Egyptians and Arab citizens Egypt-Regional, Economics, 10/11/2002
- Maher talks with Saxony PM and business delegation Egypt-Germany, Economics, 10/10/2002
- Saudi, Welsh economic relations boosted Saudi Arabia-UK, Economics, 10/10/2002
- Mubarak gave Wednesday morning the go-ahead for natural gas production from Rashid
Egypt’s confirmed natural gas reserve is estimated at 58 trillion cubic meters in addition to 78 trillion cubic meters of likely reserve. Egypt, Economics, 10/10/2002 - No loans need to Egypt from World Bank or ABD
The Egyptian government told the World Bank and the African Bank or development that it was not in need of the financing program the two international institutions pledged to implement for Egypt. Egypt, Economics, 10/10/2002 - Portuguese Businessmen want partnership with Moroccan peers Morocco-Portugal, Economics, 10/10/2002
- Morocco, Kuwait sign us$ 30.7 million investment agreement
the group will build a hotel in Casablanca, conduct refurbishment works in several hotels and carry out other real-estate projects. Morocco-Kuwait, Economics, 10/10/2002 - Moroccan ports to intensify cooperation with Cameroonian port of Douala Morocco-Cameroon, Economics, 10/10/2002
- Al-Ein Al-Sokhna port to be operated Mid October
The company is a holding one whose capital is one billion Egyptian pounds. The company's board chairman Osama Al-Sherif said that the port is built with a high technology to compete with other neighboring ports in Red Sea and Gulf. Egypt, Economics, 10/10/2002 - Abu Zeid to open conference on Arab water
Up to 200 Arab and European experts and scientists working in the water domain are to take part in the conference. Regional, Economics, 10/10/2002 - Morocco's cell phone market post record high turnover
The cell phone market in Morocco recorded a 242 percent rise between 1999 and 2001, the Moroccan state secretariat of post, telecommunications and information technologies said. Morocco, Economics, 10/10/2002 - Large German economic delegation arrived in Damascus
Prime minister of the Germany's lower state of Saxonia, Sigman Gabriel, and members of an accompanying delegation arrived in Damascus on Monday in a visit to Syria. Syria-Germany, Economics, 10/8/2002 - Gulf bank governors meet today in al-Riyadh
The governors of monetary establishments and central bank in the Gulf Cooperation Council (GCC) states today discuss in Riyadh necessary criterion to provide a success for the monetary federation among their respective states. Gulf, Economics, 10/8/2002 - Teshreen: Israel's boycott office conference to be held in Damascus on October 26- 30
The Syrian daily Teshreen said today that the 69th conference of the officers of the regional offices liaison for boycotting Israel will be held in Damascus on October 26 through 30. Regional-Syria, Economics, 10/8/2002 - Syria to produce high- quality olive
The Syrian minister of agriculture and agrarian reform, Nour Eddine Mouna, and FAO's representative in Damascus, Mahmoud al-Taher, on Saturday signed an agreement providing for processing and producing a high- quality olive in Syria. Syria, Economics, 10/7/2002 - Morocco's phosphates corporation still world leader
Despite a difficult juncture, the Moroccan phosphates corporation (OCP/state-owned) consolidated in 2001 its position as world leader of crude phosphate and phosphoric acid exports with 35.1 percent and 37.5 percent of world market share respectively Morocco, Business, 10/7/2002 - Recession in exports exchange between Israel, France
Israeli economic sources said that the level of trade exchange between Israel and France has receded recently. Israel-France, Economics, 10/7/2002