Arabic News Weekly Edition for Economics, 5/12/2003
Weekly Edition, Economics - Week of May 12, 2003
- Taba-Aqaba pipeline opens next month - pace to hot up for largest undersea gas field
Egypt's Petroleum Minister Sameh Fahmy and the Jordanian Minister of Energy Mohamed el-Bataina yesterday inspected the final phase of the project that will bring Egyptian natural gas to Jordan as from next month. Egypt-Jordan, Economics, 5/15/2003 - Morocco sees investment as key to development
Morocco said Tuesday it is determined to boost its economy through spurring investments and launching large-scale development projects. The government has devised a special program to generate jobs, promote transportation, spur investments and improve the population's living conditions, Equipment and Transport Minister, Karim Ghellab, told the upper chamber of the Moroccan parliament. Morocco, Economics, 5/15/2003 - Swiss pharmaceutical plant dedicated in Casablanca
A US $ 13 million-worth pharmaceutical plant, affiliated to the Swiss group F. Goffman La Roche, was dedicated on Monday in the Casablanca industrial area of Nouaceur. Morocco-Switzerland, Business, 5/14/2003 - Morocco registers 68.8 % increase in trade deficit in first quarter
Morocco registered a 68.8 per cent increase in its trade deficit in the first quarter of 2003, following a 9,6 per cent drop of exports and a 9,3 per cent rise of imports, said Morocco's Exchange Office. Morocco, Economics, 5/14/2003 - Social dialogue deal to harm Morocco's textile sector competitiveness, professionals warn
A Moroccan textile association warned that an agreement, signed recently between the government and social partners on labor grievances, risks to harm Moroccan firms' competitive edge. Morocco, Economics, 5/14/2003 - Egypt calls for Arab fund for trade exchange, investments, and development
The new fund targets upgrading Arab exports, decreasing imports, and replacing foreign imports by their Arab counterparts Egypt-Regional, Economics, 5/13/2003 - IMF praises Morocco's economic reforms
The International Monetary Fund praised Morocco's success in achieving macroeconomic stability over the last decade, heralding optimistic economic perspectives in the Kingdom. Morocco, Economics, 5/12/2003 - IBD offers two loans to Lebanon
The Islamic Bank for Development has offered two loans at a value of 47.5 million dollars for Lebanon to contribute to financing certain developmental projects. Lebanon-Regional, Economics, 5/12/2003 - Syrian- Iranian building, construction cooperation
Syria's Minister of Industry Issam al-Zaeem and Iranian Minister of Housing and City Building Ali Abdullah Ali Zada discussed in Damascus yesterday the possibility of embarking on Syrian- Iranian joint industrial ventures. Syria-Iran, Economics, 5/12/2003