Arabic News Weekly Edition for Economics, 5/5/2003
Weekly Edition, Economics - Week of May 5, 2003
- Italy donates 500.000 euro to Morocco's leather industry
The Italian government donated 500.000 Euro to Morocco to fund a project to modernize the leather industry in Fez, Italian embassy in Rabat said. Morocco-Italy, Economics, 5/10/2003 - Al Alam: Morocco, a privileged destination for Arab investors
Morocco has become a privileged destination for Arab investors and businessmen, secretary general of the Arab Investment Club in Morocco, Ali Ba Jaber, said, calling the country to for drawing the maximum benefit from this position. Morocco-Regional, Economics, 5/9/2003 - Morocco in Brussels Seafood Fair
Morocco is participating in the largest seafood fair organized May 6-8 in Belgium, where it is showcasing Moroccan sea products. Morocco, Economics, 5/9/2003 - Syria-Lebanon agricultural cooperation Syria-Lebanon, Economics, 5/9/2003
- Casablanca-Tunis railway link likely to be re-established
The possibility to re-establish railway links between Casablanca and Tunis via Algeria was evoked at an international symposium on railway transport held in Tunis, reported a Tunis daily on Wednesday. Morocco-Tunisia, Economics, 5/8/2003 - Moroccan, Egyptian businessmen explore partnership
Moroccan businessmen met in Casablanca Tuesday with Egyptian peers at the headquarters of the trade, industry and services chamber (CCIC)in Casablanca to explore economic and trade partnership opportunities. Egypt-Morocco, Economics, 5/8/2003 - Morocco's phone operator sees sales on the rise
Morocco's phone operator, Maroc Telecom, on Tuesday said it posed a nine percent rise in its 2002 sales, which went up to 14.7 billion Dirham (US$ 1.47 billion) from 13.5 Billion Dirhams (US$1.35 billion) in 2001. Morocco, Business, 5/8/2003 - Rabat hotel purchased by International Hotel Group
"Chellah," a famed hotel in downtown Rabat, was purchased by the Denmark-based "Helnan international Hotels" group, reported Tuesday the Cairo press. Morocco-Egypt, Business, 5/8/2003 - Morocco, US hold new FTA negotiations round next June
Morocco and the United States will hold next June in Morocco a third round of their negotiations to conclude a free trade agreement (FTA), announced the Moroccan Delegate Minister of Foreign Affairs and Cooperation. Morocco-USA, Economics, 5/8/2003 - Morocco denies stoppage of large port building
Morocco on Tuesday denied the stoppage of construction works of a large port near the northern city of Tangiers. Morocco, Economics, 5/8/2003 - ADB Grants Morocco 80 Mln Euro Loan
The African Development Bank (ADB) signed in Tunis on Tuesday a loan accord granting Morocco 80 million Euros to reinforce electric networks between Morocco and Algeria, and Morocco and Spain. Morocco, Economics, 5/8/2003 - Syrian chambers of commerce hold annual meeting
The General Committee of Syrian chambers of Commerce held in Aleppo yesterday its annual meeting. Syria, Economics, 5/8/2003 - Finance minister surveys structural reform; foreign debt eats three times investment funds
On the reforms undertaken by the finance and privatization department, Oulaalou said staff expenses have the biggest share in the state's budget with 52.34 billion Dirhams (US$ 5.23 billion) in 2003, for 800,000 civil servants, followed by the public debt with 41.76 billion Dirhams (US$ 4.17 billion) Morocco, Economics, 5/7/2003 - International textile challenges need pan Euro-Mediterranean pole
A substantial and rapid reduction of European customs duties will directly affect the preferential regime that benefits to many countries of the southern bank of the Mediterranean Sea, including Morocco, explained the Moroccan official in a speech before the conference convened here to probe the future of textile-clothing after 2005. Morocco-European Union, Economics, 5/7/2003 - WTO head suggests pre-deadline easing of textile quotas
Yet 80 percent of textile quotas remain in place until the final phase of implementation: 701 by the United States, 239 maintained by Canada, 167 by the EU, he said Regional, Economics, 5/7/2003 - Morocco's commercial exchanges with major partners totaled over $ 20 billion in 2002
Saudi Arabia -- Morocco's third supplier with 5,9 percent - soaked only 0,6 percent of Morocco's exportations. Morocco-Regional, Economics, 5/7/2003 - Union of Arab industry, agriculture chambers to meet in Manama
Abu Ismail told the press the meeting will ponder means to set up an Arab common market and an Arab free trade zone. Regional-Bahrain, Economics, 5/6/2003 - Egyptian trade fair to open in Casablanca
Trade exchanges between Morocco and Egypt totaled US $55 million in 2002, compared to US $19 million in 1996. Morocco-Egypt, Economics, 5/6/2003 - CBE receives $ 1.4 billion since pound floating Egypt, Economics, 5/5/2003
- Arab chambers of commerce discuss Mubarak call for activation of Arab common market
The 94th session of the Arab Federation for Chambers of Commerce, Industry and Agriculture will tackle President Hosni Mubarak's call for activation of Arab common market and Arab free trade zone. Regional, Economics, 5/5/2003 - 566 million investments in Egypt over six months
Egypt's Chairman of the General Capital Market Authority, Abdel Hamid Ibrahim, said total new foreign investments in Egypt during the second half of 2002 amounted to $ 566 million. Egypt, Economics, 5/5/2003