Arabic News Weekly Edition for Economics, 6/23/2003
Weekly Edition, Economics - Week of June 23, 2003
- Reciprocated exempted fees between Jordan, Egypt
The joint Jordanian, Egyptian joint company for transport has exempted private Jordanian cars coming to Sinai from fees. Jordan-Egypt, Economics, 6/28/2003 - Gas well of 250- 300,000 cubic meters capacity discovered east Homs
Syria's Minister of oil and mineral resources Ibrahim Haddad has announced the exploration of a new gas well at al-Dal'a position, 100 Km to the east of the city of Homs, 90 Km to the south of al-Raqqa city. Syria, Economics, 6/28/2003 - Marrakech, World Women Capital from June 28 to 30
Marrakech will host this June 28-30 the world women summit where more than 600 women will exchange and share experiences in business and define future strategies. Regional-Morocco, Economics, 6/27/2003 - Saudi Arabia: 40 billions in investment projects to be available
The governor of the general commission for investment in Saudi Arabia Prince Abdullah Bin Faisal Bin Turkey has announced that tremendous investment projects will be available during the coming years for all local and foreign investments in the Kingdom estimated at 40 billion dollars. Saudi Arabia, Economics, 6/27/2003 - Moroccan press group buys over state's shares in printing company
Moroccan press group "Maroc Soir" has bought all of the 92.97% shares held by the state in the printing company "Soci?t? Nouvelles des Imprimeries R?unies" (SONIR), for 22 million DH (US$ 2.3 million). Morocco, Business, 6/27/2003 - Oman studay a computerized financial system for the state
Mohammed Jawad bin Hassan Sulaiman, director-general of treasury and accounts at the Finance Ministry has said the Ministry currently implements a project to develop the computerized financial system of the state to keep abreast with the developments in the world financial systems and to develop the Sultanate's practical and scientific potential and prepare for the e-governance, the official news agency said. Oman, Economics, 6/27/2003 - European Investment Bank to open office in Morocco Morocco-European Union, Business, 6/27/2003
- MEPI To Create "Free and Dynamic Economies" in the Arab World Regional-USA, Economics, 6/27/2003
- Moroccan Popular Banks institution sees consolidation of its presence in Canada
The Moroccan Popular Banks institution (GBP), which has been present in Canada for the last three decades, is seeking to consolidate its presence in Canada to better serve the Moroccan community living there. Morocco-Canada, Business, 6/27/2003 - Moroccan post office's sales rises by 20.2% in 2002
The sales achieved by "Barid Al-Maghrib," Moroccan post authority, reached in 2002 1.09 billion DH (US$ 117.6 million), which is a rise of 2% compared to the figures of 2001. Morocco, Business, 6/27/2003 - Labor Code set to reinforce partnership between social actors
The labor code, adopted this week by the two parliamentary chambers, will enhance partnership between social actors, labor, social affairs and solidarity minister, Mustapha Mansouri, said on Tuesday. Morocco, Economics, 6/26/2003 - Sudan seeks Egyptian expertise in oil refineries, pipelines
Egypt's Ministers of Public Business Sector, Mokhtar Khattab and Petroleum, Sameh Fahmi left to Khartoum yesterday on several-day visit. Egypt-Sudan, Economics, 6/26/2003 - Morocco's highway company posts 13% rise in sales
The Moroccan highways company (ADM) announced a 13% rise in 2002 of its sales which reached 463 million DH (US$ 49.7 million), including 440 million DH coming from tolls. Morocco, Business, 6/26/2003 - Syrian- Greek agricultural cooperation
Syria's Minister of Agriculture. Nour Eddine Mona received in Damascus Tuesday delegation representing the Greek Mediterranean Cooperation Company headed by its Chairman Vicky Pandra Zopolo. Syria-Greece, Economics, 6/26/2003 - Xerox vice president lauds investment in Egypt
US Xerox Executive Vice-President Carlos Pascual, said Egypt would have the main part of the new investments of his company in the coming period. Egypt-USA, Business, 6/26/2003 - Dead Sea canal not rival to Suez Canal
Egypt's Director of Planning, Research and Studies Department a Suez Canal Authority, Wael Qadoura, said the proposed canal the would link the Red Sea and the Dead Sea by Jordan, Israel and the Palestinian Authority, during the recent Dead Sea World Economic Forum, would not have any effect on the navigation in Suez Canal. Egypt, Economics, 6/26/2003 - U.S. Treasury moves to freeze funds of Iraq's 'Most Wanted'
The US Treasury Department added the 55 names of Iraq's "Most Wanted" regime figures to the Office of Foreign Assets Control's Specially Designated Nationals (SDN) list, freezing any accounts in U.S. Iraq-USA, Economics, 6/26/2003 - Morocco registers 3.5 percent economic growth in 2002
Morocco has registered a 3.2 percent economic growth in 2002 according to the latest estimations. Morocco, Economics, 6/26/2003 - US-African Leaders Participate in U.S.-Africa Business Summit
Many African heads of state and prime ministers as well as senior-level U.S. government officials are currently participating in the fourth U.S. Africa Business Summit, held this June 24-27, themed "building partnerships." Regional-USA, Economics, 6/26/2003 - Continued differences within WTO over agriculture
Moroccan foreign trade minister, Mustapha Mechahouri, who took part in a preparatory meeting to the WTO 5th ministerial conference in the Egyptian red sea resort of Sharm El Sheik, said the agriculture sector is still a bone of contention between industrialized and developed countries. Regional, Economics, 6/26/2003 - Morocco's electricity sector liberalization for 2005
Morocco will maintain the liberalization of the electricity sector for 2005, director general of the National Office of Electricity (ONE), Ahmed Nakkouch said. Morocco, Economics, 6/25/2003 - CBE governor: surplus in balance of payments; banks to have quality loans and profit
Mahmoud Abul Oyoun, Governor the Central Bank of Egypt (CBE) said that the economic performance figures reflect a wave of activity, adding that it is time for Egyptian banks to achieve more profitability and growth after the exchange rate wee deregulated. Egypt, Economics, 6/25/2003 - Private sector urged to invest in housing
Hjira announced that the State is gradually withdrawing from its traditional role in housing and will play the role of supervisor. Morocco, Economics, 6/25/2003 - On Egypt's basic commodity prices
Egypt's Prime Minister Atef Ebeid will head a ministerial committee today to discuss the creation of a new mechanism to achieve market stability and protect consumer rights, Minister of Supply, Hassan Khedr said yesterday. Egypt, Economics, 6/25/2003 - Syrian- Saudi cooperation in IT Syria-Saudi Arabia, Economics, 6/25/2003
- Cement sales rise by 14% during january-april 2003 Morocco, Economics, 6/25/2003
- Moroccan mining sector posts over $431 mln in sales
The mining sector in Morocco achieved in the first quarter of 2003 sales estimated at more than 4.31 billion Dirhams (US $431 million), the mining and energy ministry announced. Morocco, Economics, 6/25/2003 - Moroccan bank, French development agency fund mining project in niger
The Moroccan Bank of Trade and Industry (BMCI) and Proparco, an offshoot of the French development agency, loaned US $12.5 million to Managem group (mining firm of ONA, Morocco's largest private group) to exploit a gold mine in Niger. Morocco-France, Business, 6/25/2003 - Swiss investment delegation in Syria Syria-Switzerland, Economics, 6/24/2003
- Premier discuses with Shell president exploring for natural gas Egypt, Business, 6/24/2003
- New council to cooperates on integrating Arab economies, improving competitiveness
"Some of the Middle East top business leaders have come together to launch the Arab Business Council (ABC) at the World Economic Forums Global Reconciliation Summit in Jordan," a press release sent to MENA said Monday. Regional, Economics, 6/24/2003 - Syrian company given innovation reward
The General Manager of The General Establishment of Building, Muhsen Ali Saleh, received yesterday in Berlin the International Reward of Business Administration and Innovation as an appreciation for the company's achievements in the construction domain. Syria, Business, 6/24/2003 - Bremer sees economic freedom as vital to Iraq's future
The successful reconstruction of Iraq will require that newly acquired political freedoms be accompanied by economic freedoms and the reversal of "decades of economic mismanagement" by the former Ba'athist regime, says Ambassador Paul Bremer, the top U.S. civilian administrator in Iraq. Iraq-USA, Economics, 6/23/2003