Arabic News Weekly Edition for Economics, 3/7/2005
Weekly Edition, Economics - Week of March 7, 2005
- Egypt, Tunis sign economic cooperation agreements
Egypt and Tunisia signed agreements on economic cooperation with the aim of raising the volume of trade exchange and investments between the two states. Egypt-Tunisia, Economics, 3/12/2005 - American-Omani free trade agreement negotiations starts Saturday
Negotiations of the first round for the free trade agreement between Oman and the US start today, Saturday. It is expected to be finalized by the end of 2005. Oman-USA, Economics, 3/12/2005 - Jordan discusses free trade agreement with the Gulf states
The secretary general of the Jordanian ministry of industry and commerce said that his country is to prepare for the free trade agreement with the states of the Gulf Cooperation Council GCC with specialized sides. Jordan-Gulf, Economics, 3/12/2005 - Morocco, SNECMA Group sign aeronautic investment agreement
An investment agreement, worth MAD 100 million (Euro 10 mln) was signed, in Rabat Friday, between the Moroccan government and Hurel-Hispano, subsidiary of the French SNECMA Group, to build a plant to manufacture nacelles mechanical parts for commercial airplanes and for aeronautic composites. Morocco-France, Business, 3/12/2005 - Turkish airlines to start flights to Casablanca
Turkish Airlines (THY) announced Friday it will start direct flights to Casablanca as of March 27th. Morocco-Turkey, Economics, 3/12/2005 - Toyota signs partnership convention with Morocco Morocco-Japan, Business, 3/12/2005
- Poor competitiveness, major factor of Morocco's trade deficit, exporters
Poor competitiveness of the Moroccan enterprises, low offer of exportable goods, competition of international markets, and absence of outreaching are among the factors behind Morocco's trade deficit, said chairman of the Moroccan exports association (ASMEX), Abdellatif Bel Madani. Morocco, Economics, 3/11/2005 - Syria, Malaysia to build joint sewage treatment stations
Damascus countryside governorate and Malaysian Federation of companies inked on Thursday a joint cooperation deal in which the Malaysian side would offer the technical and financial aspects to design and execute sewage water treatment stations for small population compounds as well medium population compounds. Syria-Malaysia, Economics, 3/11/2005 - Egypt's robust rate of growth
Officials from the World Bank and the International Monetary Fund said that Egypt's economic reform program is going speedily and the country does not suffer any big economic crises Egypt, Economics, 3/10/2005 - Morocco's external debt declined by 9% in 2004, minister
Morocco's external debt stood at MAD 115 billion (MAD 1 = Euro 0.1) in 2004, against MAD 126 billion in 2003, i.e. a decline of 9%, announced, in Rabat Wednesday, the Minister of Finance and Privatization, Fathallah Oualalou. Morocco, Economics, 3/10/2005 - RAM fleet reinforced by a new Boeing
Morocco's national flag carrier Royal Air Maroc (RAM) acquired, Wednesday, a new Boeing 737-800 of the latest generation, said a RAM press release. Morocco, Business, 3/10/2005 - Private investments expected to increase in the Arab states
Financial experts in the United Arab Emirates on Monday expected the increase in private investments in the Arab states by 25% for this year. But they warned that the lack of regional industrial opportunity impedes this investment. Regional, Economics, 3/9/2005 - Algeria to extend gas line to Italy in 2008
The Algerian government Sonatrak company for energy and a group of partners on Monday agreed to proceed forward in erecting a second line for gas linking Algeria to Italy. The project is expected to be operational by the beginning of 2008. Algeria-Italy, Economics, 3/9/2005 - Maroc Telecom interested in Senegalese market, Senegalese presidency Morocco-Senegal, Business, 3/9/2005
- Mubarak call on private industry to focus on research to solve problems
During a ministerial meeting at the presidential headquarters on Monday, Mubarak underlined the importance of establishing close cooperation between the scientific research sector and the private sector in Egypt. Egypt, Economics, 3/8/2005 - Sharkawi Hefni: Jordan invests $80 in new paper factory
"A Jordanian investment of $80 million will be channeled into setting up a new paper production factory in Egypt. Egypt-Jordan, Economics, 3/7/2005 - Shell buys areas for energy resources exploration in Egypt
The British- Dutch company for energy on Sunday bought 30% of four licensed areas in the western areas in Egypt run by the Oil Resource company. Egypt, Business, 3/7/2005 - Morocco eyes Kuwait investments in tourism
Morocco hopes to attract Kuwaiti investments to its tourism sector part of its plan that aims to attract 10 million tourists to the north African country by 2010. Kuwait-Morocco, Economics, 3/7/2005 - Recession in deficiency of the Lebanese budget for 2005 Lebanon, Economics, 3/7/2005
- Egypt Suez Company For Cement privatized
The Egyptian general company for stock market announced on Sunday that the Italian Chemnti company will invest one billion Egyptian pounds ( USD 172 million) along 10 years in the Suez Company For Cement and its branch in the framework of a deal to get a dominant share in the Suez company. Egypt, Business, 3/7/2005