Arabic News Weekly Edition for Economics, 4/4/2005
Weekly Edition, Economics - Week of April 4, 2005
- Bank of Alexandria to be privatized; government growth rate up to 6 per cent, Nazif says
The government is working on increasing the growth rate to up to 6 per cent over the coming five years, Prime Minister Ahmed Nazif said on Friday. Egypt, Economics, 4/9/2005 - Syria, Egypt hold talks on gas cooperation project
Egypt's Minister of petroleum and Mineral Resources Sameh Fahmi conferred Friday with his Syrian counterpart Ibrahim Hadad currently visiting Egypt on the executive programs of an Arab gas pipeline venture, whose second stage is implemented by the Egyptian oil sector companies. Egypt-Syria, Economics, 4/9/2005 - Moroccan customs revenues increased 6.1% in 2004
The ADII limited the customs clearance duration in 46 minutes and set up a strategy to fight fraud and disloyal competition to clean up business environment and improve companies competitiveness. Morocco, Economics, 4/9/2005 - Moroccan GDP to reach 2.8 percent growth in 2005
The growth rate of the Moroccan real gross domestic product is expected to reach 2.8 percent based on an added value of the agricultural output, which, however, is expected to decrease 1.4 percent. Morocco, Economics, 4/9/2005 - 4.7% increase in Moroccan expatriates' remittances in January, February 2005
Moroccan expatriates' remittances stood at MAD 6.02b (about Euro 602m) in January and February 2005, achieving an increase of 4.7% compared to last year's performance in the same period. Morocco, Economics, 4/9/2005 - World Bank lends Morocco 31 million euros for road construction Morocco, Economics, 4/9/2005
- Syria is ready to join the international economy, premier Syria, Economics, 4/8/2005
- Oil prices pose risk to global economy, IMF says
High oil prices are likely to become a sustained feature of energy markets for years to come and will continue to present a "serious" risk to the global economy, an International Monetary Fund (IMF) official says. Regional, Economics, 4/8/2005 - Ahmed El Khadem: Local tourism booming
"Egyptian tourism bas increased in January and February this year by a percentage of 11.5 compared to the same period in 2004. Egypt, Economics, 4/8/2005 - EU extends one billion euros to Egypt as non refundable grant Egypt-European Union, Economics, 4/8/2005
- Syria, Lebanon launch a border bridge
Syria and Lebanon on Wednesday launched a bridge project along the Syrian-Lebanese border. Syria-Lebanon, Economics, 4/7/2005 - Syria to start new banking rules to promote exports
Governor of the Central Bank of Syria announced on Wednesday a bulk of decisions to be issued soon to boost the banking industry and economic reform. Syria, Economics, 4/7/2005 - Workshop on women's role in economic development
A workshop on "Syrian woman ambitions and reality" opened Wednesday in Aleppo, north Syria, to cement the Syrian woman position and responsibilities in the economic development. Syria, Economics, 4/7/2005 - Government earmarks over 650 million euro to promote Morocco's eastern region
The Moroccan government has earmarked over 600 million euro to promote Morocco's eastern region, under two conventions signed, in Rabat Wednesday, under the chairmanship of King Mohammed VI. Morocco, Economics, 4/7/2005 - Egypt reduces licenses time for investment to 72 hrs Egypt, Economics, 4/7/2005
- John Taylor: US Treasury official welcomes signing trade agreement with Egypt Egypt-USA, Economics, 4/7/2005
- Al-Anbaa: Gulf states to sign free trade agreement with Syria Gulf-Syria, Economics, 4/6/2005
- Morocco needs to firmly counter piracy, Minister
It is necessary to firmly counter piracy and counterfeiting in the audiovisual domain through the dissemination of moral awareness and the spirit of responsibility and citizenship among the population, said Tuesday, Communication Minister, Nabil Benabdallah. Morocco, Economics, 4/6/2005 - Mohie Eddin: NBE, Real Estate Finance Fund sign cooperation protocol
The National Bank of Egypt and the Real Estate Finance Fund signed yesterday a cooperation protocol, under which individuals will be able to purchase housing units at affordable prices. Egypt, Economics, 4/5/2005 - Osman: LE 112 billion proposed for 2005/06 plan
Minister of Planning Osman Mohamed Osman stated that the proposed plan envisages economic growth hitting 6 percent up from the 5 percent predicted for the current year 2004/05. Egypt, Economics, 4/5/2005 - Rasheed: Egypt, Saudi Arabia agree to multiply trade exchange
"Egypt and Saudi Arabia agreed to multiply the trade exchange," Egypt's Foreign Trade and Industry Minister Rasheed Mohamed Rasheed said yesterday. Egypt-Saudi Arabia, Economics, 4/4/2005