Arabic News Weekly Edition for Economics, 10/27/2003
Weekly Edition, Economics - Week of October 27, 2003
- The best investments: Education, research and development
This suggests that valuable knowledge achievements might depend crucially on matters that involve political will and leadership Regional, Economics, 11/1/2003 - Moroccan, Spanish women NGOs seal partnership accord
The Moroccan association of support to Small and Medium Enterprises signed recently a partnership agreement with Spain's "Intermon Oxfam" to carry out the 2nd phase of a program to support women business. Morocco-Spain, Economics, 11/1/2003 - The Arab states need serious effort to cut unemployment
The Arab states need $90 billion to create 6 million jobs and cut unemployment among young people, the Arab Labor Organization said Thursday. Regional, Economics, 11/1/2003 - U.S. Congress approves $87.5 Billion for Iraq Iraq-USA, Economics, 11/1/2003
- Morocco's olive production expected around 800,000 tons
Morocco's olive production is expected to reach around 800,000 tons this year, compared to 450,000 Tons last year, which makes a 78% rise, according to first estimates of the agriculture and rural development ministry. Morocco, Economics, 11/1/2003 - Development funds moving from poor countries to rich ones, Annan says
United Nations Secretary-General Kofi Annan yesterday challenged the General Assembly to face the stark fact that, "even taking all subtlety and nuance into account," developing countries made the sixth consecutive and largest ever transfer of funds to "other countries" in 2002, a sum totalling "almost $200 billion." Regional, Economics, 10/31/2003 - Iraq's oil minister to visit Moscow shortly
Iraq’s oil minister Ibrahim Baher al-Aloum said on Wednesday he had agreed to convene talks in Moscow but he did not make commitment on finalizing oil deals at a cost of billions of dollars, Russia had made with the former Iraqi government. Iraq-Russia, Economics, 10/31/2003 - Ebeid discusses strategic commodities reserves
Egypt's Prime Minister, Atef Ebeid, chairs tomorrow the first meeting of the Ministerial committee on Market performance. Egypt, Economics, 10/31/2003 - Egypt's GDP hit LE 379.7 billion
Investments in Egypt hit LE 68.104 billion in the current fiscal year, said a report to be discussed by the cabinet in its next meeting. Egypt, Economics, 10/31/2003 - Ma'ariv: Nearby gas deal between Egypt, Israel
The Israeli daily Ma'ariv said that negotiations have progressed between Egypt and Israel over providing Israel with Egyptian gas. The deal is at a cost of 2 billion dollars covers the need of the Israeli electricity company for 15 years. Egypt-Israel, Economics, 10/30/2003 - Morocco takes preventive measures against locust invasion
A ministerial meeting was held to probe the threat of a locust outbreak and take preventive measures. Maghreb-Morocco, Economics, 10/30/2003 - Syrian budget at 475 billion; Otri stress on-spot follow-up of projects Syria, Economics, 10/29/2003
- Saudi Arabia to privatize airports Saudi Arabia, Economics, 10/29/2003
- New investments in Egyptian IT market
A large number of major global IT companies, lately participated in Gitex Dubai IT Exhibition, said that they would expand their businesses in Egypt regarding it as a promising market in the region in the coming period. This is due to the massive growth opportunities in the Egyptian IT market owing to the government’s strategy in building IT society. Egypt, Economics, 10/29/2003 - UN should be ready to hand over Iraq Oil-for-Food scheme, Security Council told
The United Nations remains on schedule to transfer the running of the Iraq Oil-for-Food program on 21 November, the operation's chief told the Security Council yesterday. Iraq-UN, Economics, 10/29/2003 - Jordanian- French trade exchange Jordan-France, Economics, 10/28/2003
- Oil and Gas Production Could Be Africa's Engine for Economic Development
The Western Hemisphere and Africa are important sources of oil and natural gas for the United States and their importance is likely to grow in the future, predicted John R. Brodman, deputy assistant secretary for international energy policy at the U.S. Department of Energy. Regional-USA, Economics, 10/28/2003 - Deposits increase by L.E. 7.2 billion, foreign debts by $ 1 billion
A report recently released by the Central Bank of Egypt (CBE) said that deposits at the local banks increased by L.E. 7.2 billion in last July, raising the total figure to L.E. 409.666 billion. Egypt, Economics, 10/28/2003 - Morocco, EU agree on gradual liberalization of agriculture trade
Morocco and the European Commission initialled here Friday an agreement on mutual liberalization of agriculture products trade which will be enforced as of December 2003. Morocco-European Union, Economics, 10/27/2003