Arabic News Weekly Edition for Economics, 10/11/2004
Weekly Edition, Economics - Week of October 11, 2004
- Oil price jumps to $ 55 for the first time Regional, Economics, 10/16/2004
- Egyptian-French presidential council to be set up for boosting economic cooperation
Egypt's President Hosni Mubarak will discuss with France's President Jacque Chirac who will pay a visit to Egypt early next year, the possibility of setting up an Egyptian-French presidential council due to group chairmen of major companies for boosting economic cooperation, said the Commercial Advisor at the French embassy in Cairo Hurvet Piquet. Egypt-France, Economics, 10/16/2004 - Arabies: Significant cut in software piracy in Morocco
The study points out that piracy rate in Morocco has decreased from 82pc in 1994 to 58 percent in 2002 (the international rate is 39pc). Morocco, Economics, 10/16/2004 - Textile and Home Linen Council discusses export challenges
The Egyptian government is keen on cooperating with the manufacturers and exporters of textiles, linen and ready-made clothes to help them face the challenges and negative impact to be posed by the abolition of the export quota regime by the end of the year, said Chairman of Foreign Trade Sector Sayed Abul Qumsan. Egypt, Economics, 10/16/2004 - Morocco announces US $800 Mn program to develop southern provinces
Moroccan Prime Minister, Driss Jettou, announced, in Laayoune (Southern Morocco) Thursday, an ambitious program to develop the country's southern provinces known as the Sahara, with a global investment of US $800 million for the period 2004-2008. Morocco, Economics, 10/15/2004 - Mohammedia Samir Refinery acquires new power plant
The Moroccan refinery "Samir" company and the French CEGELEC Group signed, on Wednesday in Skhirat, 20 km south of Rabat, a contract on the building of an electric plant at the Mohammedia-based refinery. Morocco, Business, 10/15/2004 - Fahmy discusses in Bucharest Egypt's gas supplies to Romania
Egypt's Minister of Petroleum Sameh Fahmy, currently visiting Romania, agreed with the Romanian Deputy Premier and Minister of Economy and Trade to form a joint group to be in charge of preparing a study on the best ways to provide Romania with the Egyptian natural gas. Egypt-Romania, Economics, 10/14/2004 - Oil prices increase to USD 53.65 per barrel
The price of crude oil in New York increased to $ 53.65 half an hour from closing the dealing session in the futures market, recording a new increase. Regional, Economics, 10/14/2004 - Shura Council agrees on new IT body
Egypt's Shura Council Energy and Industry Committee yesterday agreed to establish an Arab information technology (IT) organization. Egypt-Regional, Economics, 10/14/2004 - Syria has attracted 6 million visitors in 12 months
Minister of Tourism Saadallah Agha al-Qalaa on Wednesday announced the total number of Arab and foreign tourists that entered into Syria during the last twelve months has reached at 6 million visitors. Syria, Economics, 10/14/2004 - Morocco, Senegal examine means to establish sea link Morocco-Senegal, Economics, 10/14/2004
- Amman eases Egyptian exports' access to Jordanian market
Jordan has agreed to grant Egyptian products unfettered access to its markets in a move expected to boost trade relations between the two Arab states. Jordan-Egypt, Economics, 10/13/2004 - Teshreen: Poverty rate in Syria is less than 9%
The rate of poverty in Syria reached less than 9%, Teshreen Arabic daily said on Tuesday asserting that the real number is less than that. Syria, Economics, 10/13/2004 - Arab Business Forum final recommendations in Amman
The statement called on the Arab states to consider the forthcoming year as the year of inter-Arab trade liberation, and to adopt mechanisms of the Arab economic cooperation and integration through supporting trade and inter-Arab tourism. Regional, Economics, 10/13/2004 - Arab tourists flow represents 17 percent of Morocco's tourist revenues
Arab tourists flow to Morocco generates 3.2 billion Dhs (about US $355 million), i.e 17 percent of Morocco's overall tourism revenues, said Monday regional director of Morocco's national tourism office (ONMT), Taibi Khattab. Morocco-Regional, Economics, 10/13/2004 - RAM flight activity in Africa 35.5 percent of its total traffic in 2004
Royal Air Maroc flight activity in Africa has been 35.5 percent of its total traffic in 2004 thanks to the reinforcement of RAM's lines in the continent, a communique of the Moroccan carrier said. Morocco-Regional, Business, 10/13/2004 - Conference in Jordan to promote investment in the Arab states
Inter- Arab trade exchange are estimated at $ 40 billion, which represents 10% of the trade exchange of the Arab states. Regional-Jordan, Economics, 10/12/2004 - Study underway to transport oil from Sidi krir to Ain Sukhna
Egypt's Minister of Petroleum Sameh Fahmi discussed on Monday with Abdullah Jum'ah, Chairman of Saudi Aramco, vistas for furthering cooperation between the two sides. Egypt-Saudi Arabia, Economics, 10/12/2004 - Washington: The Arab states are committed to the reduce oil prices
The US treasury secretary John Snow said yesterday that the Arab ministers of finance notified the Bush Administration they are committed to the reduction of oil prices. Regional-USA, Economics, 10/11/2004 - First gas consignment exported to Spain next December
Egypt's Minister of Petroleum Sameh Fahmy announced yesterday that Egypt will export, for the first time throughout history, the first natural gas consignment to Spain next December. Egypt-Spain, Economics, 10/11/2004