Arabic News Weekly Edition for Economics, 9/27/2004
Weekly Edition, Economics - Week of September 27, 2004
- Trade agreement between Qatar and the USA within one week
Members of the US congress expected that a free trade organization will be signed between the USA and Qatar within one year. Qatar-USA, Economics, 10/2/2004 - IMF expects weak growth in the Middle East
In its Autumn report in the economic situation in the Middle East, the International Monetary Fund (IMF) expected the countries of the region to witness a slowness in the growth during 2004 and 2005 despite the fact the investments have achieved good level in 2003 and recording huge increase in oil revenues. Regional, Economics, 10/2/2004 - Morocco hosts first call centers expo
The first international call centers expo is organized on Sep. 30 through Oct. 01 in Morocco's economic capital, Casablanca, with the presence of over 60 international exhibitors. Morocco-Regional, Economics, 10/2/2004 - Oil price exceeds $ 50 for one barrel Regional, Economics, 10/2/2004
- Moroccan-made Fulgura in Paris Mondial de L'Automobile
Fulgura, the Moroccan-made supercar, is part of the 2004 Paris Mondial de L'Automobile, which opened its doors on September 23rd. Morocco, Economics, 10/1/2004 - Othman Hashim Abdel Raziq: Egypt, Sudan agree on setting up free zone
"The Egyptian and Sudanese governments have agreed on setting up a free zone on their joint borders to exchange various commodities between the two countries. Egypt-Sudan, Economics, 9/30/2004 - The first loan from the IMF for Iraq
The International Monetary Fund announced that the council of governments, stakeholders in the Fund's capital approved yesterday to provide an urgent aid for Iraq estimated at $ 436 million and representing the first loan from the Fund for Baghdad. Iraq, Economics, 9/30/2004 - Euro-Med pole, sole strategic option to face textile competition, Minister
Morocco's Foreign Trade Minister, Mustapha Mechahouri, said, in Tunis Tuesday, a Euro-Mediterranean pole is the sole strategic option for Mediterranean countries and Europe in face of international trade mutations in the textile-clothing sector. Regional-European Union, Economics, 9/30/2004 - ODEP netted a $262 million in sales in 2003
The Moroccan "Office d'exploitation des ports" (ODEP) recorded in 2003 a turover totalling US $262 million (2.36 billion Dhs), which is a 1.7 percent rise compared to the previous year, ODEP director Mustapha Barroug said on Tuesday. Morocco, Economics, 9/30/2004 - Saudi Arabia increases its oil production to 11 million barrels; oil surpasses $ 50É recedes
Oil prices soared yesterday amid fears of suspending oil supplies from Nigeria the fifth largest oil producers in OPEC. The prices surpassed $ 50 before it receded slightly to have the price of one barrel settled at $ 49.90. Meantime; Saudi Arabia has taken a decision to increase its oil production capacity to 11 million barrels daily within weeks. Saudi Arabia-Regional, Economics, 9/29/2004 - World bank urges poor countries to improve investment climates
The World Bank wants the governments of poor countries to do more to improve their investment climates, action it described as central to economic growth and poverty reduction. Regional, Economics, 9/29/2004 - New $50 bill enters into circulation worldwide
The United States has put into circulation a new $50 bill featuring enhanced anti-counterfeiting elements and subtle background colors of red, white and blue. Regional-USA, Economics, 9/29/2004 - Oil price hits new records of $ 50
Crude oil priced jumped to a new record in New York and the price of one barrel reached $ 50 after rebels in Nigeria threatened to launch a comprehensive war against the government and demanded oil companies to halt their production. Regional, Economics, 9/28/2004 - AEUC to focus on inter-Arab trade mechanisms
The success of the program will depend on activating the roles of Arab unions, Arab chambers of commerce and industry, the private sector and Arab investment companies, Goweili added. Regional, Economics, 9/28/2004 - Mubarak reviews with economic group privatization plan
They also discussed the application of strict management rules, grooming second and third lines of leadership and adopting as much transparency in revealing the activities, losses and profits of the state-owned companies together with emphasizing the role of the auditing and control agencies Egypt, Economics, 9/27/2004 - Iraq joins the Arab gas line project
The Egyptian minister of oil Sameh Fahemi announced on Saturday that Iraq has joined the Arab Mashreq Gas transport project which so far includes Lebanon, Syria, Egypt and Jordan. Iraq-Regional, Economics, 9/27/2004 - Textile machinery venture with Italy, Germany
An Egyptian-German-Italian company will be set up in 10th of Ramadan City to produce and market machinery for the textile industry. Egypt, Business, 9/27/2004