Arabic News Weekly Edition for Economics, 3/8/2004
Weekly Edition, Economics - Week of March 8, 2004
- Two contracts in 1.1 billion for two American companies in Iraq
One American spokesman announced in Baghdad yesterday that the US defense department ( the Pentagon) gave two contracts at a total value of 1.1 billion dollars to two American companies in the context of rebuilding Iraq. Iraq-USA, Economics, 3/13/2004 - New oil finds in Western Desert
Geologists have uncovered indicators of oil in the Egyptian Western Desert within juristic formations extending in an area of hundreds of kilometers. Egypt, Economics, 3/13/2004 - Arab, European bodies to finance new power station
"The Arab Economic and Social Development Fund (AESDF) agreed to loan Egypt $ 100 million to build an additional power plant in Talkha," said Egypt's Minister of Electricity and Energy. Egypt, Economics, 3/13/2004 - Standard And Poor's revises morocco's foreign currency outlook from stable to positive Morocco, Economics, 3/13/2004
- Casablanca stock market transactions soar by 133% in 2003
The volume of transactions conducted at the Casablanca stock market reached 53.7 billion DH (around US$ 6.03 billion) in 2003, which is a 133.5% increase, says the newsletter of the Moroccan national institute of juncture analysis. Morocco, Economics, 3/12/2004 - Morocco is now UK's fastest growing market in the Maghreb Morocco-UK, Economics, 3/12/2004
- 45% more tourists visited Morocco in january Morocco, Economics, 3/11/2004
- Coastal fisheries receipts decrease by 11% end of october 2003 Morocco, Economics, 3/11/2004
- Morocco and Spain sign MoU on fisheries
Morocco and Spain signed on Monday a memorandum under which the European country will help Morocco in the training of aquaculture experts and in exploring fisheries in deep sea. Morocco-Spain, Economics, 3/10/2004 - Syria - Iraqi joint shipping company established
Syria and Iraq on Tuesday set to sail the first built ship by the Syrian- Iraqi Joint Shipping Company with a load of 8500 Tones. Syria-Iraq, Economics, 3/10/2004 - US president refers FTA with morocco to congress Morocco-USA, Economics, 3/10/2004
- Egypt targets 5 percent growth rate Egypt, Economics, 3/10/2004
- Globalia to launch 2 weekly Fez-Madrid flights
Spanish carrier Globalia has recently concluded an agreement with a group of hotels in Fez to launch, as of May 05, two weekly flights linking Madrid to the Moroccan Spiritual capital. Morocco-Spain, Business, 3/10/2004 - Egyptian oil prospecting company launched
Minister of Petroleum, Sameh Fahmi, said that the set up of an Egyptian entity in the domain of oil and natural gas exploration and exploitation marked a significant step for presence on the international oil market. Egypt, Economics, 3/9/2004 - Standard And Poor's Revises Morocco's foreign currency outlook from stable to positive
"The revised foreign currency outlook reflects the strong improvement in Morocco's external liquidity, as well as an acceleration in structural reforms," said Standard And Poor's credit analyst Luc Marchand. Morocco, Economics, 3/9/2004 - Some L.E 5 billion investments in new industrial zone
Cairo Governor Abdel Rehim Shehata said that the Investment Bank has to speed up procedures to allocate areas of land at Shaq al-Thubaan industrial zone to begin building factories there. Egypt, Economics, 3/9/2004 - Government to announce new measures to control price hike Egypt, Economics, 3/9/2004
- New Tangiers-Port Vendres maritime link to open next October Morocco-France, Business, 3/9/2004
- Syria- Turkey signed trade agreement
Economic and Trade Minister Ghassan al-Refaee and Turkish Trade Minister Kursad Tuzmen signed a memo of understanding that provides for forming a joint committee that prepares the project of the free trade agreement between the two countries. Syria-Turkey, Economics, 3/8/2004 - Syrian- Turkish agricultural cooperation
Syria's Minister of Agriculture and Agrarian Reform, Adel Safar, on Sunday discussed with Turkish Minister of State for Trade Affairs, Korshad Tuzman and an accompanying delegation, ways of boosting bilateral relations in the agricultural spheres. Syria-Turkey, Economics, 3/8/2004