Arabic News Weekly Edition for Economics, 2/14/2005
Weekly Edition, Economics - Week of February 14, 2005
- Washington announces the beginning of trade negotiations with UAE, Oman
The USA starts trade negotiations over a draft agreement for free trade exchange with the United Arab Emirates UAE and Oman in March. Gulf-USA, Economics, 2/18/2005 - Saudi taxi drivers complain over foreign employment
Hundreds of Saudi taxi drivers organized "a unique" complaint in the capital Riyadh to that the government is not taking decisions banning non-Saudis to work in the sector of taxi driving. Saudi Arabia, Economics, 2/18/2005 - Attacks against oil pipelines in Iraq
The Iraqi ministry of oil said that four oil pipelines feeding the main refineries in Beiji and al-Doura were attacked and damaged in operations on Wednesday. Iraq, Economics, 2/18/2005 - Egypt's GDP reaches 498 billion Egypt, Economics, 2/18/2005
- Arab economic council demands border measures facilitation
The Arab League (AL) social and economic council concluded its meetings in Aden, Yemen. The final statement assigned the AL general secretariat to prepare the technical aid program of the less growing Arab states in preparations to including these states within the Greater Free Arab trade Zone. The council also called for easing border measures between the Arab states. Regional, Economics, 2/17/2005 - Plan to upgrade pharmaceutical industry in Egypt, increase exports
Egypt's Minister of Foreign Trade and Industry Rasheed Mohammed Rasheed said the modernization of Egypt's pharmaceutical industry is inevitable amidst the government's orientation to merger with the world economics in a way that necessitates taking due steps and measures to face world competition in this vital industry for which the government had drawn up a plan to upgrade its production and increase exports. Egypt, Economics, 2/17/2005 - Russian Look Oil company tries to return back to Iraq
The Russian "Look oil" company said on Wednesday that it has been in talks with the Iraqi government in order to restore back the rights to develop "al-Qurna al-Gharbi" oil field and hopes to get the quick consent from Baghdad after the end of general elections in Iraq. Iraq-Russia, Business, 2/17/2005 - Micro loans stood at 500 million euros by the end of September 2004
Moroccan micro-finance associations granted loans totalling 5 billion Dhs (around 500 million euros) by the end of September 2004, which is a 47 percent rise compared to the amount granted by the end of December 2003, a report of the micro-credit associations federation (FNAM) said. Morocco, Economics, 2/17/2005 - British company wins oil contract in Egypt Egypt-UK, Business, 2/17/2005
- Abu Zaid: Egypt rejects any attempt to move Nile water to Israel Egypt-Israel, Economics, 2/17/2005
- Central Bank of Syria meet on surplus issue Syria, Economics, 2/17/2005
- Egypt commodities exports increase 20 percent
Egyptian Commodities exports achieved a 20 percent increase from 2003 to 2004, Minister of Industry and Foreign Trade, Rasheed Mohamed Rasheed, announced yesterday. Egypt, Economics, 2/15/2005 - Macro-economic situation in Morocco 'healthy', official
Moroccan Minister of Finance and Privatisation, Fathallah Oualalou, affirmed, in Rabat Monday, that the macro-economic situation in Morocco in 2004 was "healthy," and most economic indicators witnessed a significant improvement in comparison to 2003. Morocco, Economics, 2/15/2005 - Algeria expects economic growth at 6% in 2005; oil's effect on currency reserves
The Algerian President Abdul Aziz Butaflika said that his country's economy will grow at a rate of 6% during the current year in comparison to 5.8% in 2004, making use of the increase in fuel sales. Algeria, Economics, 2/14/2005 - A new Syrian Popular Credit Bank
Syrian Popular Credit bank launched the first automatic exchange machine (ATM) in the country which was placed in al-Hamra Street in Damascus. Syria, Business, 2/14/2005 - Younis: Egyptian expertise operates power network in Comoros Islands
Egypt confirmed yesterday that it is ready to make an effort at all forms;technical, scientific and training one to support the Arab countries in order to further joint Arab interests. Egypt-Comoros, Economics, 2/14/2005 - Brittish interest in Libyan oil Libya-UK, Economics, 2/14/2005
- Moroccan Budgetary deficit at 3.9pc in 2005, official
The budgetary deficit of the gross domestic product (GDP) in Morocco is expected to reach 3.9pc in 2005, according to the High Commissioner for Planning (HCP). Morocco, Economics, 2/14/2005 - Moroccan GDP to reach 2.6% in 2005 Morocco, Economics, 2/14/2005
- Dubai builds a steel factory at a cost of $ 13.62 million
An international company specialized in steel manufacturing said it will establish a steel factory in the "technology complex" in Dubai at a cost of 50 million Dirham estimated at $ 13.62 million. United Arab Emirates, Economics, 2/14/2005 - Zabadani telephric: a new tourism project
Preparations are underway to execute a forty-five million dollars tourist project in the summer resort of Zabadani near Damascus. Syria, Business, 2/14/2005 - Egyptian -Saudi Businessmen Council probes increasing volume of trade exchange Egypt-Saudi Arabia, Economics, 2/14/2005