Arabic News Weekly Edition for Economics, 11/10/2003
Weekly Edition, Economics - Week of November 10, 2003
- Guardian report: Concern of misspending of 20 billion dollars of Iraqi aid
The UK Guardian reported yesterday in a report about the US aid to Iraq and the way it is being spent that "We have a sort of 'obligate-it-and-forget-it' approach to a lot of this,'" according to Anthony Cordesman, a former State and Defense Department official "who just returned from a visit to Iraq with a firsthand assessment of the reconstruction." Iraq-USA, Economics, 11/15/2003 - Iraqi finance minister in Beirut to discuss the fate of assets
Iraq's finance minister Kamel al-Keilani arrived in Beirut, Lebanon, yesterday from Jordan on a visit to seek the release of the Iraqi assets held in Lebanese banks as the former Iraqi regime had deposited a sum estimated at 500 million dollars in three private Lebanese banks. Lebanon-Iraq, Economics, 11/14/2003 - Pertro Canada gets oil and gas rights in Syria
A contract on oil and gas excavation and production was signed in Damascus yesterday between Syrian Petroleum Company ( SPC ) and Canadian Pertro Canada Co. Syria-Canada, Economics, 11/14/2003 - Aleppo- al-Musil railway line operated
The Syrian official news agency said yesterday evening that the railway line which links Aleppo in Syria and al-Musil in Iraq will open on November 21st. Syria-Iraq, Economics, 11/13/2003 - Constructive EU-Syria round of negotiation on association agreement
Chairman of the delegation to the negotiations of the Syrian-European Partnership, Tawfeeq Ismael declared in Brussels yesterday that the two sides have reached a unified vision regarding many points within the framework of the progress achieved during the 11th session of the negotiations which was held in Brussels last month. Syria-European Union, Economics, 11/13/2003 - S. Korea exports to Morocco assessed at us $95 mln in 2002
South Korea's exports to Morocco were evaluated at US $95 million in 2002 while Morocco exported US $49 million-worth of goods to South Korea in the same year, said south Korean ambassador to Morocco, Chang Il Park. Morocco-South Korea, Economics, 11/13/2003 - Milliyet: Turks prefer Egypt to Europe for tourism
Turkish tourists prefer to visit Egypt rather than European countries for the Lesser Bairam, it was revealed in a Turkish newspaper yesterday. Egypt-Turkey, Economics, 11/13/2003 - USAID to launch $30 million program to assist Morocco
The US Agency for International Development (USAID) announced Wednesday the launching of a five-year US $30 million (300 million Dhs) program to assist Morocco particularly in the economic realm. Morocco-USA, Economics, 11/13/2003 - Think-thank predicts budget deficit to exceed 3% of gdp in 2003
The Moroccan budget deficit will be considerable in 2003 and could exceed 3% of the GDP, says Moroccan think-thank "National Institute of juncture analysis." Morocco, Economics, 11/13/2003 - New natural gas find offshore Alexandria Egypt, Business, 11/13/2003
- Morocco's bio farm exports increase in 2001-2002
Morocco's exports of Bio products exports increased from 460 tons in 1995-1996 to 5,000 tons in 2001-2002, the National Federation of Agri-food said in its bulletin "Alimentarius." Morocco, Economics, 11/13/2003 - Egypt study alternatives to controling the Egyptian pound exchange rate
Egypt's Minister of Planning, Osman Mohamed Osman said that the Egyptian government is currently studying several alternatives to control the Egyptian pound exchange rate which lost 25% of its value since liberalizing the exchange rate by the beginning of the current year. Egypt, Economics, 11/12/2003 - Details of the liberalization of Morocco's air transport sector will be announced in few weeks
Details of the liberalization of the air transport sector in Morocco will be announced in a few weeks, said Moroccan minister of tourism, in a statement Monday to the national TV. Morocco, Economics, 11/12/2003 - Morocco can triple argane oil production, agro-alimentary federation
Morocco's national production of Argane oil which is currently estimated at 4000 tons per year can be tripled, said the Moroccan agro-alimentary federation (FENAGRI) in a release. Morocco, Economics, 11/12/2003 - Workshop on E-Government British experience
A two-day workshop on "The E-Government: The British Experiment" was opened Monday organized by the Ministry of Communications and Technology in coordination with the British Council and the British Embassy in Damascus. Syria-UK, Economics, 11/11/2003 - Algiers hosts Arab businessmen, investors hold 10th conference in december
The 10th conference of Arab businessmen and investors will be held in the Algerian capital next December 9-10. Algeria-Regional, Economics, 11/11/2003 - Syrian- Egyptian talks on improving trade
Syria's Prime Minister Naji Otari received on Monday the Egypt's Minister of Supply and Home Trade, Hassan Khedr and an accompanying delegation on bilateral relation and the necessity for increasing enhancing these relations through increased commercial, agricultural and industrial exchange. Syria-Egypt, Economics, 11/11/2003 - One oil official was wounded in al-Musil, 'Karkouk- Jeihan' will be only operational after insurance
An Iraqi oil official was wounded and his son killed in an armed attack in al-Musil city, while an official in the Iraqi ministry of oil said that Iraq will not open the northern oil pipes which reaches the Turkish coast on the Mediterranean before the line is totally insured. Iraq, Economics, 11/11/2003 - First time in 13 years, Iraqi central bank interferes to protect Dinar
The Iraqi central bank interfered for the first time since 13 years in the foreign exchange market for selling dollars from oil revenues in order to back the Dinar. Iraq, Economics, 11/11/2003 - Morocco's power utility gets two more generators
The Moroccan Electricity Office (ONE) reinforced its production capacity with two generators located in the Ahmed EL Hansali-Ait Messaoud station, region of Beni Mellal (southeast of Casablanca). Morocco, Economics, 11/11/2003 - French minister warns Maghreb against fierce competition from China
French delegated minister of foreign trade, François Loos, warned Maghreb countries against fierce competition from China. Maghreb-France, Economics, 11/10/2003 - Turkey discusses extension of Egyptian gas network from Syria to Europe
Syria's Minister of Petroleum and Mineral Wealth Ibrahim Haddad and his Turkish counterpart signed last week in Damascus a meeting minute for cooperation in extending the Syrian gas network to the Turkish one. Egypt-Turkey, Economics, 11/10/2003