Arabic News Weekly Edition for Economics, 3/14/2005
Weekly Edition, Economics - Week of March 14, 2005
- Wind energy project to be set out in Syria
"It aims at making profits to back the national economy by promoting energy production locally and abroad as well causing a cut in oil and gas consumption in the process of generating electricity. It will build personnel to manage this operation," an expert at the ministry of electricity said. Syria, Economics, 3/19/2005 - Ethiopia willing to increase investments with Egypt
Ethiopian Prime Minister Meles Zenawi said his country was willing to up cooperation ties with Egypt in all domains. Egypt-Ethiopia, Economics, 3/19/2005 - Arab natural gas pipeline to Europe thru Syria
Egypt's Petroleum Minister Sameh Fahmi will post the Shura Council on the recent achievements by his ministry in oil and gas fields. Regional-European Union, Economics, 3/19/2005 - Moroccan insurances paid over $ 352 million for road accidents victims in 2003
Moroccan insurance companies paid in 2003 over MAD 3 billion as indemnities for victims of road accidents. Morocco, Economics, 3/19/2005 - AL to host conference on power linkage economies Regional, Economics, 3/19/2005
- $ 88.2 million investment needed to overhaul Morocco's fisheries sector
An investment of USD 88.2 million will help tackle the problems facing the Moroccan fisheries sector. Morocco, Economics, 3/18/2005 - 'Remarkable progress' in Morocco, France trade exchanges (CCFA)
Trade exchanges between France and Morocco have registered a "remarkable progress " as Morocco is deemed the 4th Arab exporter to France and the second importer behind Algeria. Morocco-France, Economics, 3/18/2005 - Managem 2004 accounting income plummets, CEO
The accounting income of Morocco mines' exploitation company, Managem, dropped in 2004 because of several international and domestic factors. Morocco, Business, 3/18/2005 - Syria partakes at the international tourism fair in Paris Syria-France, Economics, 3/18/2005
- Moroccan car plant to start manufacturing economical Logan-Maroc cars
The Moroccan car-assembling company (SOMACA) will start manufacturing economical "Logan Maroc" cars in the first semester of 2005, said Renault Maroc CEO, Pereira Dos Santos. Morocco, Business, 3/17/2005 - Moroccan economy generated 757,000 jobs in last four years
The national economy generated 757,000 new jobs between 1999 and 2003, i.e 189,000 jobs per year, said, here Wednesday, the Minister of Employment and Vocational Training. Morocco, Economics, 3/17/2005 - BMCI records gross operation results of MAD 800 million in 2004
The Moroccan bank "Banque Marocaine pour le Commerce et l'Industrie" (BMCI) recorded gross operation results of MAD 800 million, around 80 million euros, in 2004, which is a 14.1 percent rise compared to the previous year. Morocco, Business, 3/16/2005 - Mining output is 6% of Moroccan GDP
Mining contributes six per cent to Morocco's gross domestic product (GDP) and employs more than 34,000 people, said, here Tuesday, the Moroccan Minister of Energy and Mines. Morocco, Economics, 3/16/2005 - Seven fishing villages to be created in Moroccan Sahara
Seven fishing villages will be created in the southern provinces of the kingdom with a Euro 106.2 million budget. Morocco, Economics, 3/16/2005 - Libyan parliament approved the privatization of the banking sector
The Libyan parliament has approved a new law that allows foreign banks to open new branches in Libya for the first time or to contribute as share holders in local banks. Libya, Economics, 3/15/2005 - Fahmi: Oil sector seeks increasing investments to $20 billion Egypt, Economics, 3/15/2005
- New airline between the Canary Islands and Moroccan Sahara
The Spanish airlines company Binter Canarias inaugurated, in Laayoune Saturday, a new flight linking the Las Palmas airport in the Canary Islands to the Hassan I airport in the Moroccan southern city of Laâyoune. Morocco-Canary Islands, Business, 3/15/2005 - Boeing, RAM create new training company
Royal Air Maroc signed, in Casablanca Monday, with Alteon Training, subsidiary of the Boeing Company, a partnership convention for the creation of a new training company, CasaAero Training, located in Casablanca. Morocco-USA, Business, 3/15/2005 - Saudi Arabia plans to increase oil production capacity by 2.3 million
Al-Seif added that the new production capacity will come from "Hareed" project which will produce 300,000 barrels every day in 2006. This will be followed in 2007 by an increase in production capacity in Kharsaneyah, Abu Hadareyah and al-Fadeli projects. Saudi Arabia, Economics, 3/14/2005 - Implication of the Hariri assassination fatigued the Lebanese economy Lebanon, Economics, 3/14/2005
- Egyptian exports up by LE 10.7 B in 11 months
Exports reached LE 43.3 billion during the economic period January- November 2004, compared with LE 32.6 billion during the same period in 2003. Meanwhile, the total volume of imports rose by 22 percent to LE 71.4 billion Egypt, Economics, 3/14/2005 - Iraqis pump $2 billon into the Jordanian banks
Sources in the Jordanian banks attributed the great reinvigoration of the Jordanian economy has been witnessing, to the wave of new evacuations of Iraqi families that contributed to pumping sums estimated at $2 billion. Jordan-Iraq, Economics, 3/14/2005 - Free Zones in Syria attract investors Syria, Economics, 3/14/2005
- Youssef Boutros Ghali: New strategy to develop SMEs
The Cabinet is to implement a new strategy to develop the small and medium-scale enterprises (SMEs), the Minister of Finance, Youssef Boutros Ghali, announced Saturday. Egypt, Economics, 3/14/2005 - Egypt and Jordan to supply Iraq with electricity Iraq-Regional, Economics, 3/14/2005
- Over 5 million tourists visited Morocco in 2004, ITB
Over five million tourists visited Morocco in 2004,, which has become one of the best destinations in the short-medium distances, according to the news bulletin of the International Tourism Exchange (ITB) Convention being held in Berlin. Morocco, Economics, 3/14/2005