Arabic News Weekly Edition for Economics, 1/3/2005
Weekly Edition, Economics - Week of January 3, 2005
- German report highlights improvement in Egypt's investment atmosphere
A German press report highlighted Friday an increase in investment opportunities in Egypt under the newly-appointed Egyptian Cabinet under Prime Minister Ahmed Nazif. Egypt, Economics, 1/8/2005 - Les Echos: Morocco attracts most investments in southern Mediterranean and Middle East
Morocco comes on top of countries that attracted investments in 2004 in the south Mediterranean and the Middle East with 120 projects, ahead of Algeria (59) and Turkey (53), reported on Friday the French daily "Les Echos." Morocco, Economics, 1/8/2005 - Mubarak gives directives to cultivate 1.6 mm feddans on Egyptian-Sudanese borders
Egypt's President Hosni Mubarak issued directives to Minister of Agriculture and Land Reclamation Ahmed Al Lethy concerning the immediate implementation of Argin Project where 1.6 million feddans will be cultivated on the Egyptian-Sudanese borders. Egypt-Sudan, Economics, 1/7/2005 - Number of road accidents drop by 7.8% in 2004
Road accidents in Morocco claim an annual toll of over 3,800 persons, that is ten dead people everyday, in addition to 15,061 seriously injured victims and cost the state 11 billion MAD (US$ 1.2 billion), that is 2.5% of the GDP. Morocco, Economics, 1/6/2005 - Morocco to operate network of high-speed trains
Equipment and transport minister, Karim Ghallab, announced on Tuesday that Morocco will be operating a network of high-speed trains. Morocco, Economics, 1/6/2005 - On the capital of Bahraini banks
The Bahrain's monetary establishment ( central bank) announced an increase in the united budget of the country's central banking system during the third quarter of 2004 in comparison with the same period of 2003. Bahrain, Economics, 1/6/2005 - Moussa: Arab Economic Council meeting acquires importance Regional, Economics, 1/6/2005
- Head of Suez Canal Authority: Suez Canal revenues hit $ 3.087 bn
Suez Canal revenues hit a sum of $3.087 billion, marking an increase of $1.263 billion compared to last year figures, the Head of Suez Canal Authority said on Wednesday. Egypt, Economics, 1/6/2005 - Algeria solves a dispute with Europe over gas exports
Algeria and the European Union have reached an amicable agreement to share profits in case Algerian gas is sold to another side or what is known the condition of destination ( where the product goes). Algeria-European Union, Economics, 1/5/2005 - King Mohammed VI receives Vivendi Universal CEO after handover of 1.1 billion euro
Morocco's King Mohammed VI received this Tuesday here Jean René Fourtou, Chief Executive officer of French Vivendi Universal which had handed over on the same day a check of 1.1 billion Euro for the purchase of an additional 16% of Maroc-Telecom, Morocco's land and mobile phone and internet operator. Morocco-France, Business, 1/5/2005 - Sameh Fahmy: US $ 450 mln to be invested in 'petrocompany'
"A new petrochemical company with total investments of US $ 450 million will be operational soon, " Egypt's Minister of Petroleum Sameh Fahmi said yesterday. Egypt, Economics, 1/5/2005 - Al -Sadiq Emara: Increase in Sudanese projects
Minister of State at the Sudanese Ministry of Agriculture AL-Sadiq Emara said Monday that contacts with a number of Egyptian investors in the agriculture field took place after initiating the peace agreement with the Sudan People's Liberation Movement (SPLM). Sudan-Egypt, Economics, 1/4/2005 - Moroccan phosphates and fertilizers companies among the leading ones in Africa
The Moroccan companies of phosphates and fertilizes are leading the sector market in Africa, says weekly "Jeune Afrique/L'intelligent" (JAI), published in Paris, in a special edition on the 500 leading companies in the continent. Morocco, Economics, 1/4/2005 - Dubai growth rate approaching 17%
The economy of Dubai Emirate which is considered the trade and tourism center for the Gulf region has achieved a standard growth estimated at a rate of 16.7% in the year 2004. United Arab Emirates, Economics, 1/3/2005 - Fahmy: 3.6 million tones of natural gas exported to France a year
Egypt's Minister of Petroleum Sameh Fahmy said France will import about 3.6 million tones of natural gas a year from Edko liquefied gas station in addition to Italy and US. Egypt, Economics, 1/3/2005