Arabic News Weekly Edition for Economics, 9/13/2004
Weekly Edition, Economics - Week of September 13, 2004
- Egypt, Morocco sign agreement to foster tourism cooperation
Egypt signed Wednesday with the Moroccan Federation for Tourism (FMT) a cooperation accord to foster cooperation in this realm. Egypt-Morocco, Economics, 9/18/2004 - Iraqi airways resumes flights after 14 year suspension
The Iraqi airways resume its flights as from today after a suspension Iraq, Business, 9/18/2004 - Fahmi: Cabinet will discuss proposal on Egypt's joining OPEC membership
Egypt's Minister Sameh Fahmy said the Cabinet will soon discuss a proposal on Egypt's joining OPEC membership, asserting that Egypt welcomes the cartel's invitation in this regard. Egypt-Regional, Economics, 9/18/2004 - Egypt, India discuss oil cooperation
Egypt's Minister of Petroleum Sameh Fahmy and Indian Minister of Petroleum and Natural Gas Mani Shankar Aiyar discussed in Vienna on Friday means of boosting bilateral cooperation in petrochemical domains, according to a statement that was distributed by the Ministry of Petroleum in Cairo. Egypt-India, Economics, 9/18/2004 - Nazif: Faisal Bank to expand activities in Egypt Egypt-Saudi Arabia, Business, 9/18/2004
- Bayt Mal Al-Quds Agency invested over $444,000 in 2004 in Al-Quds city
The financial institution of Bayt Mal Al Quds Agency has invested over $444,000 in 2004 in projects destined to the population of the city of Al-Quds (Jerusalem). Morocco-Palestine, Economics, 9/17/2004 - CBE merges Misr Exterior bank with Banque Misr
The Central Bank of Egypt (CBE) issued a decision yesterday merging the small Misr Exterior Bank into the giant Banque Misr. The Misr Exterior Bank (MEB) will continue it services through its branches before transforming as of Sunday next week into Banque Misr, said the CBE statement. Egypt, Business, 9/17/2004 - Two Fruit of the Loom factories to be relocated in Morocco
The Australian "Fruit of the Loom" company decided to close two factories in Ireland and to relocate them in Morocco, said on Thursday the Sydney based "Morning Herald" newspaper. Morocco, Business, 9/17/2004 - Finance Experts: Unified ME stock exchange a must
The establishment of one Middle East stock exchange is an exigency in light of the huge developments in international money markets and the smallness of the Arab money market which is too weak to compete, said financial analysts. Regional, Economics, 9/16/2004 - OPEC elects Sheikh Ahmad al-Sabah as a President, increase oil production by one million barrels daily
OPEC has extended a message to calm down to the oil consuming countries following an agreement by its countries in Vienna to increase the ceiling of oil production by 4%, which means an increase of one million barrels a day, in the hope to reduce prices. Regional, Economics, 9/16/2004 - Qatar adopts a tourism plan at $ 15 billion
The state of Qatar yesterday disclosed a major plan for tourism development at a cost of $ 15 billion to be invested in several huge tourism projects. Qatar, Economics, 9/16/2004 - Syrian-European business center-agreement
An agreement to set up two European data centers at the Chambers of Industry and Trade in the northern city of Aleppo was signed Wednesday between Syria and the European Union to show activities of businessmen in both sides and further boost mutual cooperation. Syria-European Union, Economics, 9/16/2004 - Manama, Washington sign a free trade agreement
Bahrain and the USA on Tuesday signed an agreement for the establishment of a free trade agreement between the two countries. Bahrain-USA, Economics, 9/15/2004 - U.S. increases spending in Iraq for security, election preparations
The United States is adjusting its financial assistance to Iraq to allocate greater funds to training Iraqi security forces, preparing for the elections in January and stimulating economic growth and job creation, Under Secretary of State for Political Affairs Marc Grossman said in Washington September 14. Iraq-USA, Economics, 9/15/2004 - Kuwaiti sources rule out renewing oil donation to Jordan
Kuwaiti sources ruled out the extension of the oil donation offered by Kuwait to Jordan. this came out after amman had requested the Kuwaiti cabinet to extend this donation. if the donation is not extended it will be a great burden on jordan. Kuwait-Jordan, Economics, 9/15/2004 - Egyptian-Turkish discussion on textile cooperation
Egypt's Minister Rasheed Mohamed Rasheed received yesterday a Turkish businessmen delegation and discussed with them means of boosting cooperation in textile industry and raising trade exchange. Egypt-Turkey, Economics, 9/15/2004 - Number of tourists visiting Lebanon in August, increasing
Lebanon in August witnessed an increase in the number of tourists especially from the Arab states. The increase rate was 10.98% for the same month from 2003. Lebanon, Economics, 9/15/2004 - Two oil pipeline were blown up in Iraq, north exports halted
One official in the North Oil company announced on Tuesday that one oil pipeline linking northern Iraq with Turkey was exposed to an attack that resulted in halting exports to Turkey. Iraq, Economics, 9/15/2004 - Mohiedeen: GAFY, two insurance companies' chairmen to be sacked Egypt, Business, 9/15/2004
- Morocco signs accord with Pakistani Fauji to set up phosphoric acid production joint venture
Morocco's Premier, Driss Jettou, chaired here Tuesday, the signing of two accords on the setting up of a phosphoric acid production plant in Jorf Lasfar (near Casablanca) part of a 50-50 joint venture between "Office Cherifien des Phosphates" (OCP) and the Pakistani group Fauji, with an estimated cost of $225 million. Morocco-Pakistan, Business, 9/15/2004 - Syrian oil minister: no increase in oil prices
Syria's Minister of Oil and Mineral Resources, Ibrahim Haddad, on Monday said "Fuel is available in all service stations designed for selling this material." In a press conference today, Haddad stressed that "there is no rise in oil prices." Syria, Economics, 9/14/2004 - Morocco, Spain discuss resuming fisheries cooperation, Spanish FM
Spanish minister of agriculture, fisheries and alimentation, Elena Espinosa, said Sunday Morocco and Spain will discuss in September the reactivation of fisheries cooperation. Morocco-Spain, Economics, 9/14/2004 - Internal financing of six projects in oil and gas fields
"The secretariat of the General People's Committee held abroad meeting Sunday dedicated to discussing the ways and means to financing six investment projects in oil and gas fields" in Libya, the official news agency JANA reported yesterday. Libya, Economics, 9/13/2004