Arabic News Weekly Edition for Economics, 1/10/2005
Weekly Edition, Economics - Week of January 10, 2005
- Fighting locusts to cost Morocco $110 million
The anti-locust campaign, that started in October 2003, will cost Morocco US $110 million, said, here Thursday, Moroccan Minister of Agriculture, Rural development and Fisheries, Mohand Laenser. Morocco, Economics, 1/15/2005 - Fisheries accord with Morocco, an 'urgent priority' to EU
European Commissioner for Fisheries, Joe Borg, stated Thursday that the conclusion of a fisheries accord with Morocco is an "urgent priority" for the European Union (EU). Morocco-European Union, Economics, 1/15/2005 - Qatar carries out projects at a cost of $108 billion
Qatar said on Thursday it intends to implement projects of a total value of 108 billion dollars during the five coming years. Qatar, Economics, 1/14/2005 - Jordan expects the increase in foreign investments
The executive director of the commission in charge of encouraging Jordanian investment Reem Badran said on Thursday that holding the Palestinian elections in democratic atmospheres will help in creating positive atmosphere in Jordan, expecting the increase of foreign investment in the kingdom by more that 50% for 2005. Jordan, Economics, 1/14/2005 - No reasons for IMF to impose structural adjustment program on Morocco, expert
Director of Moroccan think-tank "Centre Marocain de Conjoncture" (CMC), Ahmed Laaboudi, said there are no reasons for the International Monetary Fund (IMF) to implement a new structural adjustment program in Morocco like the one enforced from 1982 to 1992. Morocco, Economics, 1/14/2005 - Iraq produces 2.4 million barrels of oil daily
The Iraqi minister of oil Thamer al-Ghadban said in a press conference on Thursday that Iraq's average production of oil reaches 2.4 million barrels daily and this will be increased if what he called "destruction attacks" are halted. Iraq, Economics, 1/14/2005 - Morocco, Spain trade estimated at US $1.89 billion in half 2004
Morocco and Spain two-way trade has reached 17.06 billion Dhs (around US $1.89 billion) in the first half of 2004, compared to 31.84 billion Dhs (around US $3.53 billion) in the whole year of 2003, the Exchange Office said. Morocco-Spain, Economics, 1/14/2005 - Moroccan representatives adopt free trade agreement with USA Morocco-USA, Economics, 1/14/2005
- Syria and Lebanon executive tourism accord
Syria and Lebanon on Wednesday signed the Executive Program for Tourism Cooperation Accord between them from 2005 to 2007 as to activate tourism. Syria-Lebanon, Economics, 1/13/2005 - More than one million will arrive in Mecca for al-Haj rituals
Some 1.2 million pilgrims coming from outside Saudi Arabia and other hundreds of thousands from inside it started arriving in Mecca to perform al-Haj rituals whose procedures will start in one week. Saudi Arabia, Economics, 1/13/2005 - Syrian port sees activities soar
Syria's main port of Lattakia made a wide soar in last year's activities compared with 2003 where productivity jumped by 24.16 %, Director General of the port Wednesday said. Syria, Economics, 1/13/2005 - King Mohammed VI dedicates cinema studios in Ouarzazate
Morocco's King Mohammed VI dedicated this Wednesday in the southern Moroccan city of Ouarzazate a compound of cinema studios, a joint project by Italian and Moroccan producers, Dino De Laurentiis-Cinecitta and Said Alj. Morocco, Economics, 1/13/2005 - ENDESA sells its share in Lydec for 26 million euro
The Spanish group "ENDESA" has sold its 18% stake in Lydec water company for 26 million euro to the Moroccan insurance company "Al Watanya Assurances," it was announced here Tuesday. Morocco-Spain, Business, 1/13/2005 - Moroccan tourism strategy faces difficulties, hotel federation chairman Morocco, Economics, 1/13/2005
- Rasheed: Solutions reached to trade problems with Saudi Arabia
Egypt's Minister of Foreign Trade and Industry Rasheed Mohamed Rasheed said his country will start a new stage of economic relations with Saudi Arabia and that solutions had been reached to some trade problems, something which would help to increase the volume of trade exchange between the two states and encourage joint investments. Saudi Arabia-Egypt, Economics, 1/12/2005 - The attacks against oil establishments cost Iraq $ 10 billion
The interim Iraqi prime minister Eyad Allawi said on Tuesday that the attacks which targeted the oil and electricity infrastructure in the country cost a total estimated at $ 10 billion. Iraq, Economics, 1/12/2005 - Real estate one stop shop to be launched in Egypt
Chairman of the Real Estate Financing Authority in Egypt Sameh Al- Torgoman asserted that the Authority, over the coming period, will operate through three main axes so as to enforce the real estate financing law, encourage the real estate investment and facilitate obtaining housing units by citizens. Egypt, Economics, 1/11/2005 - Syria's first ever donation to wfp goes to palestinians
The United Nations World Food Program (WFP) welcomed today a Syrian food donation to support thousands of poor and unemployed Palestinians suffering the effects of worsening living conditions in the occupied Palestinian territories. Syria-Palestine, Economics, 1/11/2005 - 53 investment projects amounting in total to 16.82 billion Dhs accepted in 2004
The Moroccan investment commission gave the green light to 53 investment projects amounting in total to 16.82 billion Dhs, around 1.8 billion euros, a report of the "Direction des investissements" said. Morocco, Economics, 1/11/2005 - Egypt-Sudan boost agriculture cooperation Sudan-Egypt, Economics, 1/11/2005
- Riyadh, Cairo seek more economic cooperation Saudi Arabia-Egypt, Economics, 1/11/2005
- Fahmi: $20 b new investments for oil, petrochemicals projects Egypt, Economics, 1/11/2005
- Syrian-Yemeni cooperation on roads and bridges projects Syria-Yemen, Economics, 1/11/2005
- Egypt- China trade exchange hits $1.5 billon
Egypt in trading with China maintains its position as fifth among African States. Egypt-China, Economics, 1/10/2005