Arabic News Weekly Edition for Economics, 4/5/2004
Weekly Edition, Economics - Week of April 5, 2004
- Informal economy contributes 24% to morocco's GDP
The informal economy accounts for 17% of the Moroccan added value and contributes 24% to the GDP, said Morocco's high commissioner for planning, Ahmed Lahlimi. Morocco, Economics, 4/10/2004 - Egypt, central electric grid for Arab states
Egypt has been chosen by 9 Arab countries including Jordan, Syria, Lebanon, Iraq, Turkey, Libya, Tunisia, Algeria and Morocco a center to control their electricity networks in a bid to set up the first bourse for the Arab countries that share an electric linkage grid. Egypt-Regional, Economics, 4/10/2004 - UAE IT company open branch in Morocco
The UAE company "Tech Access," specialized in information technologies (IT) opened early this week a regional bureau in Casablanca to meet the needs of the North African region in terms of information technology services. Morocco-United Arab Emirates, Business, 4/10/2004 - New stock-joint company to operate underground metro Egypt, Economics, 4/10/2004
- French company to launch automobile engineering center in Morocco
The French company Matra Automobile Engineering, an affiliate of the Italian group Pininfarina, will launch in Casablanca a 34 million DHs ($ 3.7 mln) worth automobile research and development center. Morocco-France, Business, 4/10/2004 - Morocco receives 22% more tourists in jan-feb. 2004 Morocco, Economics, 4/9/2004
- Morocco and Turkey sign free trade agreement
Morocco and Turkey signed in Ankara this Wednesday a free trade agreement at the end of the 8th joint economic commission. Morocco-Turkey, Economics, 4/8/2004 - Road accidents cause 11 bln dhs losses per year in Morocco Morocco, Economics, 4/8/2004
- New tourist project in Red Sea with investments hitting $ 2 billion
Prime Minister Dr. Atef Ebeid conferred Wednesday with a visiting group of Italian investors, on the establishment of a big project on developing one of the Red Sea Islands with investments reaching $ two billion within 10 years. Egypt-Italy, Economics, 4/8/2004 - Egyptian companies to execute electricity linkage in Libya
Egypt's Minister of Electricity and Energy Hassan Younis said that three Egyptian electricity companies have held talks with Libyan officials including the Minister of Electricity, Omran Boukraa on the project to execute electricity linkage in Libya extending to 570 kilometers as a part of Arab Maghreb electricity grid. Egypt-Libya, Economics, 4/7/2004 - Exports to US surpass $ 1 billion Egypt-USA, Economics, 4/7/2004
- FTA with Turkey will help Morocco Complete membership to Euro-Mediterranean space
Moroccan Foreign trade minister, Mustapha Mechahouri, underlined that the free trade agreement (FTA) between Morocco and Turkey, to be signed on April 7 in Ankara, will help Morocco complete membership to the "Euro-Mediterranean space." Morocco-Turkey, Economics, 4/6/2004 - Syria: Oil will decrease in 2020
The Syrian oil Minister Ibrahim Haddad denied that the expected date of oil expiring in Syria is 2012, according to a statement made by a Syrian official to a local Syrian daily on Sunday. Syria, Economics, 4/6/2004 - Sameh Fahmai: Egypt appreciates OPEC decision
The international oil market has witnessed several ups and downs after the recent OPEC decision to cut down its output by one million barrel per day (bpd) to be 23.5 million bpd. Egypt-Regional, Economics, 4/6/2004 - Russian firm switches to natural gas
A major Russian oil company has decided to set up joint projects with Egypt in natural gas. Egypt produces 22.7 billion cubic meters of natural gas annually. Egypt-Russia, Business, 4/6/2004 - Role of Kuwaiti companies in supporting Syria's economy highlighted
Minister of Transport Makram Obeid praised the role of Kuwaiti companies in supporting the Syrian economy, asserting that Kuwaiti Fund for Arab Economic Development KFAE is the biggest contributor in funding the Syrian communication network. Syria-Kuwait, Economics, 4/5/2004 - Trade balance deficit down by 38% within 11 months Egypt, Economics, 4/5/2004
- Licenses to small, micro enterprises within 30 days of application Egypt, Economics, 4/5/2004