Arabic News Weekly Edition for Economics, 3/21/2005
Weekly Edition, Economics - Week of March 21, 2005
- Morocco concerned after liberalization of textile sector
Moroccan officials have voiced concern after the drop of the country's exports of textile products following the liberalization of the sector and the elimination of the quota system in January. Morocco, Economics, 3/26/2005 - $ 1.64 billion investments in Morocco in 2004
Investments in Morocco in 2004 have reached, according to temporary estimates, MAD 14 billion (around USD 1.64 Billion), said a senior official in the Finance Ministry. Morocco, Economics, 3/26/2005 - Exports resumption from Basra port following strike's end
Normal work was resumed in the Basra oil port after the return back of employees of naval guide in the port to their work ending a strike that resulted in obstructing the exports, according to a naval agent. Iraq, Economics, 3/25/2005 - Vanco announces deepwater 3-D seismic acquisition offshore Morocco
Vanco Morocco Ltd. has announced the commencement of a 700 square kilometer 3-D seismic acquisition program offshore Morocco over the deepwater Safi Haute Mer Permit, reported on Thursday OilOnline. Morocco, Business, 3/25/2005 - Morocco eyes Russian tourism market
Morocco hopes to attract Russian tourists part of its plan that aims to attract 10 million tourists by 2010. Morocco-Russia, Economics, 3/25/2005 - ONA Holding sales stood at MAD 22.72 billion in 2004
The sales The North African Omnium Group (ONA) stood at MAD 22.72 billion in 2004, recording a 7.4 percent increase compared to the previous year, ONA Managing Director Said Bendidi said here Thursday. Morocco, Business, 3/25/2005 - Arab electricity grid federation to be launched Regional, Economics, 3/25/2005
- Financial problems undermine press companies, TV magazine
Morocco is lagging behind in terms of newspapers production, and journalists are far underpaid, according to a TV weekly program aired Wednesday evening by national TV "TVM." Morocco, Economics, 3/24/2005 - Piracy costs Morocco around $ 253 Mn
Piracy costs Morocco MAD 2 billion of economic losses with an average rate of over 70pc in the sectors of software, music and cinema, it was revealed, here Tuesday, at a meeting on counterfeiting and piracy, organized by the Communication Ministry and Le Bureau Marocain du Droit d'Auteur (Moroccan Office for Authors' Rights). Morocco, Economics, 3/24/2005 - Moroccan cinemagoers declined to 6 millions in 2005
Morocco cinemagoers declined to 6 million in 2005 compared to 20 million in the 90's, said Moroccan cinema critic and historian, Ahmed Sijilimassi. Morocco, Economics, 3/24/2005 - Rasheed to visit Turkey next week for FTA Egypt-Turkey, Economics, 3/24/2005
- Mohamed Ibrahim Suleiman: Private sector to engage in building houses in new cities Egypt, Economics, 3/24/2005
- Indian Tata Chemicals to acquire stake in Indo Maroc Phosphore SA
Indian KK Birla and Moroccan Office Cherifien des Phosphates (OCP) have agreed to induct Indian Tata Chemicals Ltd (TCL), as a third partner in the joint venture IMACID by disinvesting one third of their holding to the Indian company "Tata Chemicals Ltd" (TCL). Morocco-India, Business, 3/24/2005 - Gulf states approve regulations of monetary system, common currency
The governors of monetary and central banks establishments in the Gulf Cooperation Council (GCC) approved regulations regarding monetary founding a monetary union and a common currency by the beginning of 2010. Gulf, Economics, 3/21/2005 - Sameh Fahmi : Fossil fuel revenue up by $6 billion
The Egyptian fossil fuel industry has provided the local market with petroleum, natural gas and petrochemical products estimated at US$46 billion over the last five years. Egypt, Economics, 3/21/2005