Arabic News Weekly Edition for Economics, 1/24/2005
Weekly Edition, Economics - Week of January 24, 2005
- Seif al-Islam al-Qathafi: Libya is proceeding towards more liberal economy
Son of the Libyan leader Muammar al-Qathafi, Seif al-Islam, said that Libya will make greaterst economic reforms in 3 decades with the aim to move to a more liberal economy. Libya, Economics, 1/29/2005 - French Total signs a partnership agreement for oil production with Mauritania
The French Oil Total company, the fourth largest oil group in the world, said it had signed two partnership agreements in production with Mauritania concerning two land areas in the north east part of the country. Mauritania-France, Business, 1/29/2005 - al-Thawra: Syrian foreign debt represents 10% of the gross domestic product
Chairman of Syrian State Planning Commission Abdullah Dardari said Thursday that the Syrian foreign debt became less than 10% of the gross domestic product GDP, following an agreement signed between Moscow and Damascus regarding Syrian debts for Russia. Syria, Economics, 1/28/2005 - Nazif: Rise on Egyptian pound normal, economic stability message to investor
Addressing the World Economic Forum (WEF), Prime Minister Ahmed Nazif asserted that Egypt will go on carrying out its reform and modernization program on the bases of "our" needs not just imitation of the western style. Egypt, Economics, 1/28/2005 - The three coming years decisive for the tourism sector in Morocco, minister
The three coming years will be decisive for the tourism sector in Morocco and it is imperative to double the construction of hotels to reach the 203,000 bed capacity by 2010 or 2012, tourism minister, Adil Douiri said. Morocco, Economics, 1/28/2005 - American business coalition satisfied at the conclusion of Moroccan-US FTA
The support coalition for the Middle East-American free trade zone voiced satisfaction at the conclusion of the FTA by Morocco and the United states. Morocco-USA, Economics, 1/28/2005 - Morocco, Maersk-Akwa Holding sign convention on Tangier-Med container terminal concession
Moroccan Prime Minister, Driss Jettou, chaired, in Rabat Wednesday, the signing of a convention, between Tangier Mediterranean Special Agency (TMSA) and Maersk-Akwa holding, on the concession of the first Tangier Med container terminal. Morocco, Business, 1/27/2005 - Rural electrification reaches 72% in 2004
The rate of rural electrification in Morocco has reached 72% by the end of 2004 and is scheduled to be brought to 81% this year, said the Moroccan power office (ONE). Morocco, Economics, 1/27/2005 - Moscow studies cutting most of the Syrian debts
Well-informed Syrian sources announced that the talks of the Syrian President Bashar al-Assad in Moscow will deal with the issue of the Syrian debts for Russia estimated at $13 billion. Syria-Russia, Economics, 1/26/2005 - Syria and Russia joint statement on al-Assad's visit to Moscow
Syria's President Bashar al-Assad and President Vladimir Putin of Russia signed a joint statement to continue deepening cooperation and friendship relations between the two countries. Syria-Russia, Economics, 1/26/2005 - Algerian business delegation in Morocco to boost bilateral cooperation Morocco-Algeria, Economics, 1/26/2005
- Nazif, Gates to probe cooperation ventures Sunday, sign cooperation agreement
Egypt's Prime Minister Ahmed Nazif is to meet, at his office in the Smart Village, Sunday with Microsoft Chairman Bill Gates to discuss a host of cooperation projects between the Egyptian government and the chief Software Company. Egypt-USA, Business, 1/26/2005 - The Guardian: Progress in plan to build a tunnel linking Spain and Morocco
Talks between Morocco and Spain have given a new impetus to a plan to build a tunnel between the two countries, as the minister of Equipment and Transports, Karim Chellab, met Spanish development minister, Magdalena Alvarez, in Tangier last week within the framework of the visit to Morocco by King Juan Carlos of Spain, reported, Tuesday, The Guardian. Morocco-Spain, Economics, 1/26/2005 - Egyptian-Brazilin business council discusses joint investments, trade exchange boosting Egypt-Brazil, Economics, 1/26/2005
- New electrical inter-connection between Morocco, Spain
President of the Spanish electricity company "Red Electrica de espana" (REE), Luis Atienza, announced, in Madrid Tuesday, that works will start "on February or March 2005" to establish a new submarine cable to reinforce the electrical interconnection between Morocco and Spain. Morocco-Spain, Economics, 1/26/2005 - Coordination council on monetary policy set up Egypt, Economics, 1/25/2005
- Beirut's workshop on Euro-Med Rules of Origin Regional, Economics, 1/25/2005
- Sameh Fahmi: Egypt's first exported gas shipment to Spain starts
Egypt's Minister of Petroleum Sameh Fahmi yesterday visited the maritime area of Damietta province to inspect shipping processes and witness the launch of a huge vessel designed to export Egyptian liquefied natural gas. Egypt-Spain, Economics, 1/24/2005 - Egypt's oil, gas, petrochemical exports hit $ 1.3 billion
Egyptian oil exports, including petrochemicals and natural gas, reached US$ 1.3 billion in the first quarter of the 2004- 2005 fiscal year, said Minister of Petroleum Sameh Fahmi. Egypt, Economics, 1/24/2005