Arabic News Weekly Edition for Economics, 5/9/2005
Weekly Edition, Economics - Week of May 9, 2005
- Libya reclaims, cultivates 300.000 wheat feddans in Marsa Matrouh Egypt-Libya, Economics, 5/14/2005
- U.S. encourages trade expansion with Arab states
The combined exports of the entire Arab states in 2004 amounted to $379 billion, slightly more than the exports of the Netherlands ($359 billion), and more than three-quarters of Arab exports were oil. Regional-USA, Economics, 5/14/2005 - First international gas conference calls for more Arab cooperation
First International Gas Conference in Homs recently recommended to increase cooperation between industry and research centers and universities. Regional-Syria, Economics, 5/14/2005 - Saudi and Qatari stock markets register best Arab performance
The performance of the Arab Bourse varied during last week. The Saudi Bourse and Doha market for bank notes registered best performance, while the performance of the Kuwaiti Bourse continued to recede. This is however, frustrated the hopes of many investors. Regional, Economics, 5/14/2005 - Maroc-Telecom lowers leased international lines for call centers
Morocco's phone company "Maroc Telecom" announced on Friday a 13% cut in its tariffs for international phone lines leased to call centers, starting on June 1st. Morocco, Economics, 5/14/2005 - Morocco, Italy need to cooperate to face Chinese competition
President of an Italian Industries Confederation association, Vincenzo Bocchia, urged on Thursday for partnership between Moroccan and Italian companies to face the Chinese competition. Morocco-Italy, Economics, 5/13/2005 - Over 100 call centers in Morocco
Morocco accounts for over 100 call centers that earn a turnover of some MAD 800m (Euro 73m), and secure about ten thousand job opportunities, said, here Thursday, Advisor to the King, André Azoulay. Morocco, Economics, 5/13/2005 - Some 100,000 small farmers to benefit from debt cancellation this current season
The outstanding debt of some 100,000 small farmers amounting to MAD 3 billion, around 290 million euros, is to be cancelled as one of the measures to mitigate the effects of the current poor agricultural season in Morocco. Morocco, Economics, 5/13/2005 - Agricultural harvest in Morocco drops by 40 percent
The agricultural harvest of 2004-2005 in Morocco has dropped by 40pc compared to an average harvest. Morocco, Economics, 5/13/2005 - Ministry of tourism launches Syrian tourist encyclopedia Syria, Economics, 5/13/2005
- Reem Khaddam pins great expectations of Damascus Women in Business Forum
The Women In Business (WIB) International Forum will be held at the patronage of Syria's First Lady Asma al-Assad in Damascus on May 20 -200 for the fist time in the Middle East. Syria, Economics, 5/12/2005 - On supplying Egyptian gas to Cyprus Egypt-Cyprus, Economics, 5/12/2005
- Major international textile companies to invest US$ 300 million in Morocco
Three major international textile companies will invest US$ 300 million in the kingdom creating 2,500 direct jobs. Morocco, Economics, 5/12/2005 - Moroccan fisheries production soars by 17% in Q1 2005
Morocco's production of inshore and artisanal fisheries soared by 17% with a value estimated at MAD 672.165 million in the first quarter of 2005 compared to the MAD 576.838 million in the same period of 2004, announced the Moroccan Office of Fisheries (ONP). Morocco, Economics, 5/12/2005 - Unemployment rate drops to 8.10 percent in Morocco
Unemployment rate in Morocco has fallen in 2004 to 8.10pc against 11.4pc in 2003, announced on Saturday Minister of Labor and Vocational training, Mustapha Mansouri, on the occasion of the Labor Day. Morocco, Economics, 5/11/2005 - Syria gives priority to gas sector, minister Syria, Economics, 5/11/2005
- Moroccan imports from China up 41% in Jan-Feb 2005
Moroccan imports from China totalled over MAD 1.5b (Euro 135m) in the first two months of 2005, that is an increase of 41% compared to the same period last year, said, here Tuesday, the Minister of Foreign Trade. Morocco-China, Economics, 5/11/2005 - Arab-Latin summit seeks to abandon economic barriers
The Brazilian capital is witnessing today Tuesday the inauguration of the first summit of its kind between the Arab states and countries of southern America aiming at abrogating economic barriers among the 36 countries taking part in the summit. Regional-Latin America, Economics, 5/10/2005 - Nazif, French trade minister discuss development of Cairo underground, gas exports
Egypt's Prime Minister Ahmed Nazif received yesterday, French Minister of Foreign Trade Francois Loos, currently visiting Egypt, for talks on boosting trade exchange and joint investments. Egypt-France, Economics, 5/10/2005 - Morocco earmarked mad 5.5 billion for 2004-2010 to eradicate shanty-towns, minister
Morocco has earmarked MAD 5.5 billion, 500 million euros, for the 2004-2010 period to eradicate shanty-towns part of an overall program that is to cost MAD 17 billion, said housing and urbanism minister delegate Ahmed Toufiq Hjira. Morocco, Economics, 5/10/2005 - Syria to launch pre-paid cards at border
Director General of the Commercial Bank of Syria (CBS) Duried Dergham announced Monday that the bank will launch preliminary experiments during the coming week to use the pre-paid cards for foreign comers to Syria through the border pass of Nasseb in southern Syria. Syria, Economics, 5/10/2005 - Saudi Arabia discovers new oil field
Saudi Arabia announced on Monday that it has discovered a new oil field to the east of the country with a daily production of 6,000 barrels per day of light crude in tests carried out in April. Saudi Arabia, Economics, 5/10/2005 - Egypt ready to meet needs of electricity in Sudan Egypt-Sudan, Economics, 5/10/2005
- US General Electric to launch projects in Morocco
President and CEO of US holding General Electric is projecting several investments in Morocco and will be bidding for the building of "Al Wahda," a major electric plant. Morocco-USA, Business, 5/10/2005 - Investment Minister: Land free for investors
Egypt is ready to study a proposal to grant land for free to investors in some provinces nationwide, Minister of Investment Mahmoud Mohieddin said on Sunday. Egypt, Economics, 5/9/2005 - Some 30% of textile jobs at risk in Morocco, official
Morocco's Minister of Industry and Economy Upgrading warned that 30% of textile jobs and 20% of exports are at risk in the five coming years, if no proactive action is taken by the state and industrialists. Morocco, Economics, 5/9/2005 - CBE: $1.9 billion increase in Egyptian exports
A report released by Central Bank of Egypt said that the Egyptian commodities exports went up to $6.4 billion from July to December 2004 with an increase worth $1.9 billion against the figures of the same period in 2003. Egypt, Economics, 5/9/2005 - Nazif: E-government to be accelerated to develop economic performance
Prime Minister Ahmed Nazif said Egypt is currently preparing for the use of information technology for restructuring subsidy, controlling markets and providing services for citizens. Egypt, Economics, 5/9/2005 - Arab-Turkish economic forum calls for more cooperation Regional-Turkey, Economics, 5/9/2005