Arabic News Weekly Edition for Economics, 8/4/2003
Weekly Edition, Economics - Week of August 4, 2003
- IMF on Tunisia's economic performance
The International Monetary Fund has expressed satisfaction over Tunisia's economic performance, calling on this country to continue its reforms especially in the public sector. Tunisia, Economics, 8/9/2003 - Spain micro loans to NGO six mln euro to fund micro-credits Morocco-Spain, Economics, 8/9/2003
- Egypt, Sudan agree to set up free zone
Egypt and Sudan have agreed to set up a free zone for their goods in Juba, Sudan, at a total cost of LE 500,000, said Amr Haydar Abu Zeid, Consul General of the Sudanese embassy in Aswan. Sudan-Egypt, Economics, 8/8/2003 - Iraq starts to exports 700,000 barrels of oil daily
The Iraqi in charge of running the Iraqi oil ministry, Thamer Ghadbam, announced yesterday that Iraq has started the process of exporting an amount of 700,000 barrels of crude oil daily from the south after it had signed several long term oil contracts with several international oil companies. Iraq, Economics, 8/8/2003 - Egyptian -Syrian agricultural cooperation Egypt-Syria, Economics, 8/8/2003
- Moody's to take Egypt regional seat
Moody's, one of the world's leading providers of quantitative credit analysis tools for lenders, investors and corporations, is considering the setting up of a branch in the Middle East, taking Egypt a regional seat for its activities in the area. Egypt, Economics, 8/7/2003 - Syrian- Lebanese agricultural Business Council meets on cooperation
Syria's Minister of Agriculture and Agrarian Reform, Nour Eddine Mona, discussed in Damascus yesterday with a delegation of the Agriculture Committee of the Syrian-Lebanese Businessmen Council means of enhancing relations of cooperation as well as adopted procedures to eliminate the obstacles hindering economic integration in the agricultural sector between the two states. Syria-Lebanon, Economics, 8/7/2003 - Turkish- Iraqi railways resume work
The railway line which links between the South East of Turkey and Iraq, through Syria was opened in the first of August following a suspension of more than 5 months because of the war on Iraq Iraq-Turkey, Economics, 8/7/2003 - Egypt has promising oil and gas finds, Apache Oil Company
Egypt's Prime Minister Atef Ebeid yesterday received Chairman of the Apache Oil Company and his accompanying delegation who are currently visiting Cairo. Egypt, Business, 8/7/2003 - World tourism organization mentions Morocco among most important tourist destinations
The International Tourism Organization (ITO) mentioned Morocco among the "most important "tourist destinations and foresees a new impetus" to the sector in the Kingdom. Regional, Economics, 8/7/2003 - Morocco, Iceland probe fisheries cooperation
Moroccan fisheries minister, Tayeb Rhafes, is currently on a working visit to Iceland (August 5-9) at the invitation of his Icelander counterpart, Arni M. Mathiesen, to probe bilateral cooperation Morocco-Iceland, Economics, 8/7/2003 - Nights in Morocco's hotels rise by 35 percent
Nights spent in accommodation establishments participating in the first operation of "Kounouz Biladi," promotion campaign of national tourism extending from April 14 to May 18, increased by 35 percent compared to the same period in 2002. Morocco, Economics, 8/7/2003 - Aleppo hosts economic symposium on banking
General Director of the Jordan Residence Bank for Trade and Financing, Abdul Qader al-Douik, has underlined that the issued laws and decrees in Syria will participate in creating new banking environment in Syria which will enable the banking sector to activate its role in the economic and social development and the restoration of the immigrant capital which is estimated by 50 to 60 billion dollars in the development projects. Syria, Economics, 8/6/2003 - Egypt's foreign exchange resources increased
A decision has been taken on establishing a new mechanism at the Central Bank of Egypt (CBE) for reactivating the decision deregulating exchange rate Egypt, Economics, 8/6/2003 - Kuwait- Jordanian oil deal
The Jordanian minister of energy and mineral resources Muhammad al-Bateynah, who is accompanying the Jordanian prime minister Ali Abul Ragheb in an official visit to Kuwait said that Jordan had agreed with Kuwait to be supplied with oil shares "at preferable price" following the suspension of oil supplies that used to arrive from Iraq. Jordan-Kuwait, Economics, 8/6/2003 - Keeping national debt at 'safe level'
The national debt is such a complex issue that even the government prefers to leave others to come up with strategies to stop it accumulating. Egypt, Economics, 8/6/2003 - Morocco, Saudi Arabia join efforts to up bilateral air traffic
Morocco and Saudi Arabia have agreed on a package of measures to shore up their bilateral air traffic in a bid to encourage Saudi nationals to visit Morocco. Morocco-Saudi Arabia, Economics, 8/6/2003 - Morocco to organize economic-trade week in Algeria
The Information and Broadcast Center (CDI) will organize next October 14-22 a Moroccan economic and trade week in Algeria in collaboration with Algeria's embassy in Rabat and the Algerian Company of Fairs and Exhibitions. Morocco-Algeria, Economics, 8/5/2003 - IMF representative: more reforms needed for Egyptian economy
Representative of the International Monetary Fund (IMF) in Egypt Nadim Ul-Haq said that the Egyptian economy is currently witnessing an improvement and that it is under the government's control. He noted that a surplus in the balance of payments has been detected, while no rise in the rates of inflation has been marked. Egypt, Economics, 8/5/2003 - Vivendi Universal to maintain shares in Moroccan phone operator capital
Vivendi Universal (VU) will maintain its participation in the capital of the Moroccan phone operator Maroc Telecom, Vivendi Universal CEO, Jean-Ren? Fourtou, told "Menara," denying information that VU is trying to sell 35 percent of Maroc Telecom capital because of financial difficulties. Morocco, Business, 8/5/2003 - Egypt ranks 11th in perfume flowers exports
A Marketing study conducted by the Decision Taking and Support Center showed that the US imports of Egyptian perfume flowers are estimated at $5.4 million while Japanese imports are estimated at $401 thousands. Egypt, Economics, 8/5/2003 - Morocco, Ukraine sign minutes of discussions on fisheries partnership
According Rhafes, the materialization of this partnership will bring about the creation of joint companies via the reinforcement of relations between the two countries' private sectors. The minister also highlighted the role of the sector in economic development Morocco-Ukraine, Economics, 8/4/2003