Arabic News Weekly Edition for Economics, 3/10/2003
Weekly Edition, Economics - Week of March 10, 2003
- Moroccan bank SGMB takes over Ghanaian SSB bank ltd
Moroccan bank SGMB has recently struck a deal in Accra to take over Ghanaian SSB Bank Ltd, announced a release of SGMB circulated in Rabat on Thursday. Morocco-Ghana, Business, 3/15/2003 - Ebeid: Gov't sells its dollar revenues to banks
The government put into effect decision to sell dollar revenues to the banks. The revenues of the Suez Canal and oil sales will be sold starting Monday to the banks operating in Egypt. Egypt, Economics, 3/15/2003 - Investment-encouraging laws enacted soon, justice minister
Morocco's Justice minister, Mohamed Bouzoubaa announced on Thursday that a string of laws encouraging investments will soon be enacted. Morocco, Economics, 3/15/2003 - Boeing wishes to become partner in Morocco's tourism development
US Aeronautic group "Boeing" wishes to become Morocco's partner in its ambitious tourism development strategy meant to attract 10 million tourists by 2010, said in Casablanca Thursday the US group executives. Morocco, Business, 3/15/2003 - Tourism office extends associations us$ one mln to promote cultural festivals
The Moroccan tourism office extended on Thursday 10 million DH (US$ one million) to nine associations that organize annual cultural festivals in various Moroccan regions. Morocco, Economics, 3/15/2003 - Government is determined to control markets to break monopoly
The Cabinet has expressed determination to control markets, and to break monopoly indicating that there would be no return to obligatory pricing. Egypt, Economics, 3/14/2003 - Agha Khan Network to implement projects in Syria
The small loans program of Agha Khan network in Syria is a part of its long termed developmental purposes which aim at developing the private economic sector activities, supporting and increasing projects of commerce activities and small industries. Syria, Economics, 3/14/2003 - Morocco's airliner seeking partnerships with African peers Morocco-Regional, Business, 3/14/2003
- French industrialists keen on enhancing partnership with Morocco
Some 20 French industrialists, currently on a visit to the Northern city of Tangier, expressed the particular interest that French economic circles grant to investing in Morocco and to establishing partnership with Moroccan peers. Morocco-France, Economics, 3/14/2003 - Jordan uses Haifa port to transport its exports
The Jordanian minister of commerce and industry Salah al-Bashir announced yesterday that Jordan intends to increase the volume of its exports to the USA in case the Iraqi market is closed and that he will use the Israeli port of Haifa to transport its exports to the USA. Jordan, Economics, 3/14/2003 - Hariri on the importance of increasing Syria Lebanon trade exchange Syria-Lebanon, Economics, 3/13/2003
- An Islamic conference on Saturday in Jeddah to revitalize boycott of Israel
The conference of technicians and specialists concerned with "Israel boycot affairs" in the Islamic countries starts its deliberations on Saturday in Jeddah, Saudi Arabia. Regional-Israel, Economics, 3/13/2003 - Egypt-East Africa business council seeks concluding free trade agreement with Tanzania
Egypt-East Africa Business Council discussed concluding a free Trade agreement between Egypt and Tanzania which asked to obtain customs duties exemption of 80 per cent, the same level approved until Tanzania's withdrawal from COMESA. Egypt-Regional, Economics, 3/13/2003 - RAM airliner to receive two A321 boeings next november
The Moroccan national airliner RAM will receive next November two new A321 jets, the company's head of engineering sector, industrial accords and marketing, Khaled Bendahou, on told MAP Tuesday. Morocco, Business, 3/13/2003 - Egyptian-Emirati company for marketing oil products
This came during the meeting of signing the contract of Emirates-Egypt Co. between the Middle East Co. for containers and oil pipelines "MIDTAP," the Middle East Co. for oil refinement "MIDOR" and the Emirates oil Co.." Egypt-United Arab Emirates, Business, 3/12/2003 - Saudi Arabia, Turkey for boosting economic relations Saudi Arabia-Turkey, Economics, 3/12/2003
- Europe increases south-mediterranean risk-capital by 22 million euro
The European Commission decided Tuesday to increase by 22 million Euro the risk capital facility earmarked for countries member to the Euro-Mediterranean partnership program "MEDA," the financial arm of the Euro-Mediterranean partnership. Regional-European Union, Economics, 3/12/2003 - Moroccan bank group opens consulting branch in Senegal
Moroccan BMCE Bank group has opened this Monday in Dakar a branch called "BMCE Capital Senegal" to offer expertise and consulting in financial matters to local economic operators. Morocco-Senegal, Business, 3/11/2003 - Nearly 2,85 billion dh transferred by Moroccan expatriates in january 2003 Morocco, Economics, 3/11/2003
- E- government in Egypt is on its way
The e-government project will pave the way for an informatics based Egyptian society, able to cope with the IT revolution and narrowing the digital divide between Egypt and the advanced countries, an IT expert told the Egyptian Mail. Egypt, Economics, 3/10/2003 - Egypt's exports expected to raise 32 percent Egypt, Economics, 3/10/2003
- Reserves, deposits up, inflation down in EGypt
International reserves at the CBE have amounted to $ 14.2 billion and the deposits at the banks reached LE 352.1 billion. Bank and credits upped to LE 268.9 billion. Egypt, Economics, 3/10/2003