Arabic News Weekly Edition for Economics, 11/24/2003
Weekly Edition, Economics - Week of November 24, 2003
- Hard currency revenues up by 10 percent Egypt, Economics, 11/29/2003
- Egypt's oil exports hit over $147 m in August
Egypt's exports of crude oil and its derivatives hit more than $147 m in August, the Petroleum Ministry said in a statement on Friday. Egypt, Economics, 11/29/2003 - Some 50 international companies invest in oil, natural gas in Egypt
Egypt's Minister of Petroleum Sameh Fahmi said stability in the production of crude oil was realized for the first time this year after it witnessed a continuous plunge since 1994, adding that the daily production is now reaching 625,000 barrels, sometimes rising to 742,000 to provide local consumption and channel part for export. Egypt, Economics, 11/29/2003 - Russian Tanfit company digs for oil in Syria Syria-Russia, Business, 11/28/2003
- Moroccan university signs agreement with North Africa Microsoft to promote access to it
The Moroccan Mohammed V university of Rabat signed, in Rabat Monday, an agreement with North Africa Microsoft group to develop access to information and communication technologies within universities. Morocco, Business, 11/26/2003 - Jordanian government approve 2004 budget
In its session held on Sunday, the Jordanian government approved the state's general budget draft law for the fiscal year 2004, estimated at 2670 million Jordanian Dinars (3.76 billion dollars). Jordan, Economics, 11/25/2003 - Number of hungry people increased in 1990s
The number of hungry people in the world increased in the second half of the 1990s, reversing a decrease in world hunger during the first half of the decade, the United Nations reports. Regional, Economics, 11/25/2003 - Libya announces vast plan for privatization
The Libyan prime minister Shukri Ghanem considered that Libya had prepared a large scale plan for privatizing state owned factories and companies and the plan is to be extended until 2008. Libya, Economics, 11/24/2003 - Syrian- Cypriot oil cooperation
Syria's Oil and Mineral Resources Minister Ibrahim Haddad received on Sunday the former Cypriot Foreign Minister Ioannis Kasoulides (candidate representing Cyprus in EU ) in the presence of Cypriot ambassador to Syria Syria-Cyprus, Economics, 11/24/2003 - ChevronTexaco executive: Natural Gas Exports Are a "Bonus Prize" for Africa
Kirkland said, natural gas was a resource looking for a market -- but today, it has become a "bonus" for Africa, in addition to the continent's large oil reserves. Natural gas, he said, now flows directly from Africa's energy development -- an area in which ChevronTexaco is committed to spending more than $20 billion over the next five years. Regional-USA, Economics, 11/24/2003 - Oman's economy grows at 5.7 per year
Oman reported that the national economy since the adoption of the future vision plan in 1996 saw continuous growth that "averaged 5.7% at current prices for the period from 1996-2002..that led to positive improvement in the individual’s average income and living standards with per capita income increased at an annual rate of 3.1% to RO. 3077 in 2003 from RO. 1390 in 1995 and that was despite the 2.5% rise in population growth rate," the official news agency reported. Oman, Economics, 11/24/2003 - Gates: Egypt, IT center in Middle East Egypt, Business, 11/24/2003
- US launches $3 million program to fight child labor in Morocco Morocco-USA, Economics, 11/24/2003
- Electric distributing transformers manufactured in Egypt
Ministry of Electricity and Power kicked off manufacturing and producing the dry electric distributing transformers at all kinds of potentials for the first time in Egypt, the Middle East and Africa. Egypt, Economics, 11/24/2003