Arabic News Weekly Edition for Economics, 4/7/2003
Weekly Edition, Economics - Week of April 7, 2003
- Morocco's trade deficit reaches 48% end of February 2003
Moroccan exports were estimated at 13.19 billion DHs (US$ 1.3 billion) by end of February 2003, in comparison to 14.57 billion Dhs (US $1.45 billion) during the same period last year, i.e. a 9.4 percent drop. Morocco, Economics, 4/12/2003 - Farming-usage dams filled up to 62% of capacity Morocco, Economics, 4/12/2003
- Egyptian office in China to promote marble, granite exports
A decision was made to set up an Egyptian affiance in Beijing, China, to promote granite and marble exports to the Chinese market. Egypt-China, Economics, 4/12/2003 - Egypt requests partnership agreement immediate execution before endorsement of parliaments
Egypt's Prime Minister Atef Ebeid, said the government would request the European Union (EU) to put into effect Egypt-EU partnership agreement even before endorsement of the remaining EU member state's parliaments. Egypt-European Union, Economics, 4/12/2003 - High dam secured, l.e. 11 billion allocated to fight water pollution
Egypt's Minister of Water Resources and Irrigation Mahmoud Abu Zeid assented that Egypt is vigilant to any potential hazuds against the High Dam which is totally secured and capable of facing any aggressions on technical problems. Egypt, Economics, 4/12/2003 - Morocco's overall citrus fruits exports grow by 6%
With 23,000 tons, potato exports regressed by 29% while exports of various other fruits and vegetables went up by 19% to stand at 97,000 tons. Morocco, Economics, 4/12/2003 - Port traffic in Morocco to increase by 3.9% in 2003
Port traffic in Morocco is expected to reach 60 million tons in 2003, that is a 3.9 percent increase compared to last year's estimates, said on Wednesday director general of the Moroccan ports office (ODEP), Mustapha Baroug. Morocco, Economics, 4/12/2003 - Some 40,000 persons take train daily in Morocco, executive
Some 40,000 persons take the train daily in Morocco and the number reaches 70,000 passengers during summer and religious holidays, said director general of the Moroccan railways office "ONCF," Karim Ghellab. Morocco, Economics, 4/11/2003 - Banking sector upgrade to help economy
Egypt's Banks, both state-owned and private, must upgrade their operations to contribute more positively to the economy and also to be able to finance development projects, a senior World Bank official said. Egypt, Economics, 4/9/2003 - New bank law enhances CBE independence
Governor of the Central bank of Egypt (CBE), Mahmoud Abul Oyoun said that the new bank law referred to the People's Assembly PA and Shura Council is the outcome of the expertise and practice in addition to studies concerned. Egypt, Economics, 4/9/2003 - Gas pipeline technology local to Egypt
In the coming few years, Egypt, as a prominent natural gas exporter, will need to extend its pipelines by thousands of miles to cope with the growing exports of this valuable commodity. Egypt, Economics, 4/8/2003 - RAM airliner resumes Casablanca-Riyadh flights
The Moroccan domestic airliner (RAM) will resume flights between Casablanca and Riyadh (round trip) starting this April 30. Morocco-Saudi Arabia, Business, 4/8/2003 - Investments beef up in Borg el-Arab Egypt, Economics, 4/7/2003