Arabic News Weekly Edition for Economics, 12/27/2004
Weekly Edition, Economics - Week of December 27, 2004
- Greater free Arab trade zone in effect as of today
The Greater Arab Trade Zone for free exchange has come into effect as from today, which marks the beginning of the new year, covering 17 Arab states, members in the Arab league. Regional, Economics, 1/1/2005 - Syria's budget for 2005 provides 58,141 job opportunity
Minister of Finance Mohammed al-Hussein on Thursday announced the 2005 budget accredited approbations would guarantee about 58141 job opportunities divided between 32130 job opportunities in the administrative sector and 26011 job opportunities in the economic sector. Syria, Economics, 1/1/2005 - Saudi fund for development supports financing Saudi exports for Tunisia
Tunisian official sources said today that the Saudi fund for development allocated a line of credit at a cost of three million dollars as a first payment at the disposal of the Saudi- Tunisian financing bank to finance imports operations from Saudi Arabia. Saudi Arabia-Tunisia, Economics, 12/31/2004 - First QIZ to deal be held in January
Rasheed Mohamed Rasheed, Egypt's Minister of Foreign Trade and Industry said the protocol of the Qualified Industry Zones (QIZ) will be applied as of next month as the Egyptian exports will witness the first exportation deal to the US markets. Egypt-USA, Economics, 12/31/2004 - Sit-in calls on Parliament not to pass Morocco-USA FTA
A sit-in was staged Wednesday evening outside the Parliament in Rabat by activists opposed to the Free Trade Agreement (FTA) signed last June between Morocco and the United States. Morocco-USA, Economics, 12/31/2004 - Jordanian Minister of Trade wants to develop relations with Syria
Jordan's Minister of Industry and Trade Ahmed al-Hindawi on Wednesday underlined the significance of the fraternal ties linking the two states Syria and Jordan in all domains. Jordan-Syria, Economics, 12/30/2004 - Mohammed Dirir: Ethiopia seeks Egyptian expertise in Petrolum, Miningdomains
Ethiopian Minister of Minesand Energy Resources Mohammed Dirir expressed Wednesday the keenness of his country to benefit from the Egyptian expertise in the petroleum and mining fields. Egypt-Ethiopia, Economics, 12/30/2004 - Fahmi: Arab states not benefiting much from oil price hikes
Egypt's Minister of Petroleum and Mineral Wealth Sameh Fahmi said the Arab states did not profit much from the oil price hikes last summer. Egypt-Regional, Economics, 12/30/2004 - Iraqi oil exports resumed from Basra
The crude Iraqi oil exports resumed from Basra port to the south of the country after bad weather conditions caused suspension of oil loading operations for one day. Iraq, Economics, 12/30/2004 - Morocco exceeds 5 million tourists, as government vows more perks to investments
Morocco attracted between last January and November 5.12 million tourisms, posting a progression of 17% compared to the same period of 2003, says the tourism, social economy and handicraft ministry. Morocco, Economics, 12/30/2004 - Egyptian cotton exports hit $ 144 million
"About 25 Asian and European countries have agreed to procure 68,660 kantars of raw long staple Egyptian cotton for US $ 144 million in the fourteenth week of the cotton contracting season,"a Government official said yesterday. Egypt, Economics, 12/30/2004 - Morocco's renewable energy sector boosted by three international agreements
The renewable energy sector in Morocco has been boosted by the signature, Wednesday in Marrakech, of a three-party cooperation agreement between Morocco and Italy, on the one hand, and Morocco and the United Nations Environment Program (UNEP), and the United Nations Development Program (UNDP), on the other. Morocco, Economics, 12/30/2004 - Khaled al-Kulib: Kuwaiti investment in Egypt hit $3 billion Egypt-Kuwait, Economics, 12/30/2004
- Morocco-US FTA: Government did its best to defend Morocco's interests
The Moroccan Government did its best to defend the country's interests during negotiations on the Free Trade Agreement (FTA) that was signed between Rabat and Washington last June 15, said, on Tuesday, Moroccan Communication Minister, Nabil Benabdellah. Morocco-USA, Economics, 12/29/2004 - Syrian-Qatari Tourism Cooperation Syria-Qatar, Economics, 12/29/2004
- Egyptian national bank sells shares to increase capital
The bank is in need of increasing the working capital to 500 million Egyptian pounds from 315 million Egyptian pounds before the fall of the mid of 2005. This will be under new conditions set by the central bank for new capital requirements for banks. Egypt, Economics, 12/29/2004 - Syrian-Qatari Cooperation to boosting transport relations
Transport Minister Makram Obeid on Monday discussed with Deputy Director of Investment Projects in Qatar Hussein al-Abdullah and the accompanying delegation the ability of contributing in the projects prepared by the Ministry. Syria-Qatar, Economics, 12/28/2004 - Fahmy: Egypt's oil and gas products exports hit $4.5 billion
Egypt's Minister of Petroleum Sameh Fahmi said that oil is the backbone of economic and social growth in Egypt. Egypt, Economics, 12/28/2004 - Turkish exports to the Arab states reach 4 billion dollars
Chairman of the Turkish Businessmen Association Muhammad Hadrat underlined importance of signing the agreement of free trade between Syria and Turkey, adding that the agreement will increase the volume of trade exchange between both countries. Regional-Turkey, Economics, 12/28/2004 - Rasheed Mohamed Rasheed: Arab Free Trade Area in January won't affect Egypt industry
Egypt's Minister of Foreign Trade And Industry Rasheed Mohamed Rasheed said full liberalization of commodities of Arab origin within the framework of the Arab Free Trade Area by January 2005 will not affect the Egyptian industry. Regional-Egypt, Economics, 12/27/2004 - Annual industrial investments in Tunisia is half a billion dollars
Total value of industrial investments in Tunisia during the first 11 months of the current year reached 635 million Dinars, estimated at $ 539 million. Tunisia, Economics, 12/27/2004 - Oil leakage in al-Ahmadi, Kuwait controlled
The Kuwaiti national oil company said that an oil leakage took place during preparations for the shipment operation of the first ship of a crude oil transport at al-Ahmadi refinery. Kuwait, Economics, 12/27/2004 - Algeria expects stability in oil prices until February
The Algerian minister of energy and mines, Shakib Khalil, expected that oil prices will continue to be stable until February and to be reduced later with the seasonal decline in demand. Algeria-Regional, Economics, 12/27/2004