Arabic News Weekly Edition for Economics, 9/6/2004
Weekly Edition, Economics - Week of September 6, 2004
- Two and a half million new mobile lines in Libya
"The Public Posts and Telecommunications Company signed yesterday Thursday contracts with two of the biggest specialized companies in the field in the world, for two and a half million new mobile lines, in a project designed to broaden Madar mobile Company's network," The official Libyan news agency JANA reported yesterday. Libya, Business, 9/11/2004 - Jordan expects to increase prices of oil byproducts
Jordan minister of finance Muhammad Abu Hammoud warned that his government will be obliged to increase its oil byproducts prices if Saudi Arabia, Kuwait and the United Arab Emirates stop oil donations to his country. Jordan, Economics, 9/11/2004 - Rashid discusses activating Arab free trade area Egypt-Regional, Economics, 9/11/2004
- JoueClub signs co-operation agreement with Moroccan company
JoueClub, the French chain of toy shops, has signed recently an agreement with a Moroccan company to launch the chain in the country. Morocco-France, Business, 9/11/2004 - La Vie Eco: Minister calls for thorough prospecting of Chinese market Morocco-China, Economics, 9/11/2004
- RAM passengers increased by 14 percent in last 10 months
The Moroccan carrier « Royal Air Maroc » flew 3,05,517 passengers between November 2003 and August 2004, which is a 14 per cent rise compared to the same period the previous year, a press relase of the airline company said. Morocco, Business, 9/11/2004 - Several Arab states against preferential treatment outside the Arab free -trade zone
Several Arab states announced that they will not agree on a preferential treatment of certain products exchanged outside the Arab Free-Trade Zone (AFTZ), in implementation of the decisions made at the Arab summit of Beirut, held in 2002. Regional, Economics, 9/10/2004 - More new enterprises launched between 2003 and 2004, World Bank
The number of enterprises and businesses launched in Morocco in 2004 increased by 21% against 2003 due to simplified investment procedures, said the World Bank and ins International Finance Corporation (IFC) in a report titled "Doing Business in 2005: Removing Obstacles to Growth." Regional, Economics, 9/10/2004 - Arab free trade zone: exports to be custom duty-free as of 2005, minister
Exchanges within the Arab free trade zone will be completely exonerated from customs duties as of 2005, said Moroccan Minister of finance and privatisation, Fathallah Oulaalou. Regional, Economics, 9/10/2004 - Morocco's oil bill more than doubled during seven first months of 2004
Morocco's crude oil imports reached during the seven first months of 2004 some 7.94 billion Dirhams (around US$ 88 million), i.e. a 102.3% rise, as compared to last year (3.92 billion Dirhams), the exchange office said. Morocco, Economics, 9/10/2004 - Morocco's new carrier Atlas Blue to be operational October 1st, Minister
Morocco's new carrier Atlas Blue will be operational as of October 1st, said in Rabat Wednesday equipment and transport Minister, Karim Ghellab. Morocco, Business, 9/10/2004 - FADESA to contribute by $411 Mn to Moroccan resort funding
The real estate and tourism company FADESA will contribute by 3.7 billion Dhs (US $411 million) to funding the Moroccan resort of Saidia (northeast), that will require a global cost of 9 billion Dhs (US $1 billion). Business, 9/10/2004 - No difficulty in butane gas supply to Moroccan market, minister
Moroccan energy minister, Mohamed Boutaleb said on Thursday there are absolutely no difficulties in the supply of butane gas to the market, denying the rumors in this respect, describing them as baseless. Morocco, Economics, 9/10/2004 - Lebanese- Egyptian talks in support of economic cooperation
The Lebanese prime minister Rafic Hariri called for signing a joint agreement between Egypt and Lebanon with the aim of increasing the volume of trade exchange to half a billion dollars and to remove all customs barriers and facilitate movement of goods between the two states. Egypt-Lebanon, Economics, 9/9/2004 - Mauritanian- Kuwaiti agreement to finance agricultural project
Mauritania and Kuwait signed an agreement at a cost of $ 2 million in the course of the second part of the emergency program laid by the government to fight drought especially reclaiming new agricultural lands and improving the production of cattle fodders and improving agricultural productivity. Mauritania-Kuwait, Economics, 9/9/2004 - Iraq achieves stable currency, sound fiscal policy with U.S. help
U.S. Treasury Under Secretary John Taylor said the United States has helped Iraq introduce a new unified and stable currency to replace the two separate currencies used before the toppling of former dictator Saddam Hussein. Iraq-USA, Economics, 9/9/2004 - Huge gas finds postpone atomic power generation
Egypt's Minister of Electricity and Energy Hassan Younis said that Egypt didn't give up its program to generate power from atomic energy, but it postponed the program following the available huge gas finds which enable the country to set up giant power stations. Egypt, Economics, 9/9/2004 - Libyana telecommunication company launched in Libya
"Engineer Mohmmed Muammar al-Gadhafi, Secretary of the General People's Committee for Posts and Telecommunications announced that sales of Libyana mobile company will begin as of today through five centers, three in Tripoli city, a center in Benghazi and another in Sebha," Jana reported yesterday. Libya, Business, 9/9/2004 - Empowering Syrian women role through micro-financing
At 35 Sabha supports four children alone on the minimal income she earns as a season agricultural worker. It was not a life she expected. It has been a desperate struggle and there is never enough money to meet the needs of her family. Then in the spring 2004, Sabha was introduced to a micro-financing project Syria, Economics, 9/8/2004 - Nazif: Egypt scores 4.1% rate of growth, $3.7 surplus in current transactions
Egypt's Prime Minister Ahmed Nazif said on Tuesday that Arab economies should keep pace with world economy, either in terms of growth rates, modernization or state-of-the-art technologies. Egypt-Regional, Economics, 9/8/2004 - Nazif witnesses signing of two agreements with CISCO Systems
Egypt's Prime Minister Ahmed Nazif witnessed Tuesday the signing of two agreements with the American communication giant CISCO Systems. Egypt-USA, Business, 9/8/2004 - Fahmi receives Mahathir on oil talks
Egypt's Minister of Petroleum Sameh Fahmi yesterday met with former Malaysian Prime Minister Mahathir Mohammad who is now advisor to Malaysia Petronas Oil Company for talks on cooperation in petrochemical industries. Egypt-Malaysia, Economics, 9/7/2004 - Moroccan edible oil output increased 120 percent in 2003-2004
Edible oil output of the 2003-2004 season reached one million tons in Morocco, which is a 120 percent increased compared to the previous season and 98 percent compared to the average production of the past five years, a press release of the agriculture ministry said. Morocco, Economics, 9/7/2004 - Hike in oil prices caused RAM a $22 million overcost (CEO)
The hike in oil prices of these last months caused Morocco's carrier Royal Air Maroc (RAM) a 200 million Dirham (around US$ 22 million) overcost, said CEO Mohamed Berrada. Morocco, Business, 9/7/2004 - Rasheed: 5 cooperation fields with Iraq topped by providing foodstuffs, training human resources Egypt-Iraq, Economics, 9/7/2004
- Moroccan nationals transfers home increased 3.7 percent Morocco, Economics, 9/7/2004
- Spain to convert part of Moroccan debt into investments
The Spanish government decided on Friday to effect a conversion of the Moroccan debt to Spain, consisting in loans granted by the development aid fund, into investments amounting to 50 million Euros, official sources said in Madrid. Morocco-Spain, Economics, 9/6/2004 - International companies flock to Libya for oil investment bids
The first round of the public announcement of the blocks offered for investment in oil exploration fields across Libya was held yesterday in Tripoli Libya, Economics, 9/6/2004 - Means to help Moroccan and American companies take advantage of the FTA considered in Rabat
Means to promote the Moroccan-American free trade agreement and help enterprises of the two countries make the utmost of the agreement were reviewed Friday in Rabat by Moroccan industry and trade minister, Salah Mezouar, and American assistant undersecretary to trade, Mrs Holly Vineyard. Morocco-USA, Economics, 9/6/2004