Arabic News Weekly Edition for Economics, 5/30/2005
Weekly Edition, Economics - Week of May 30, 2005
- Syria to establish a stock market Soon
Syrian People's Assembly (Parliament) discussed Thursday a draft law of establishing an organizing called "the Board of Syrian Financial Papers and Markets" (Bourse). Syria, Economics, 6/4/2005 - Syria opens its insurance market to private companies
He praised the Lebanese intensive participation at the conference saying most of the Lebanese insurance companies took part at the gathering Syria, Economics, 6/4/2005 - French company to build largest purification plant in Morocco Morocco-France, Business, 6/4/2005
- New institution to finance small and medium enterprises to be set up
The Board of the Social Fund for Development (SFD) in Egypt agreed yesterday to create an institution affiliated to the Fund to be in charge of financing small and medium enterprises (SMEs). Egypt, Economics, 6/3/2005 - The Guardian: US and UK's position on 100 % debt relief to Africa Regional-USA, Economics, 6/3/2005
- Arrajoul Al Yaoum: Morocco considers media center, minister
Morocco is mulling the creation of a media center following the example of the Dubai media city, said Thursday the Communication Minister, Spokesman of the government. Morocco, Economics, 6/3/2005 - Iraq resumes oil exports to Turkey
A source at the sea shipment department said that Iraq resumed oil exports from Karkouk oil fields in the north of the country via pipelines to Turkey. Iraq-Turkey, Economics, 6/3/2005 - Sahel-Saharan countries willing to try Moroccan artificial rain technique
The 7th summit of the Sahel-Saharan States Community (CEN-SAD) decided to help spread the artificial rain technique developed by Morocco to enable the community countries cope with problems relating to farming water shortage. Morocco-Regional, Economics, 6/3/2005 - LE 263 million contract for Northern Cairo power plant
The Egyptian government and a Dutch firm signed a LE263 million contract yesterday for providing the Northern Cairo power plant with boilers. Egypt-Netherlands, Economics, 6/3/2005 - Syria to license private insurance companies
Syria will receive applications to establish private insurance companies starting form Mid July this summer, Minister of Finance Mohammed al-Hussein said today. Syria, Economics, 6/2/2005 - Piracy affects 95% of Moroccan music products Morocco, Economics, 6/2/2005
- Morocco's oil imports up 77.4% as at April
Morocco's crude oil imports stood at MAD 6.36 billion (nearly US$ 748 million) in January-April 2005, compared to MAD 3.58 million worth of imports in the same period of 2004, i.e. up 77.4%. Morocco, Economics, 6/2/2005 - Rasheed confers with EU envoys on promoting industry and technology transfer Egypt-European Union, Economics, 6/1/2005
- Egypt reserves up to $18.5 billion Egypt, Economics, 6/1/2005
- Syria licenses Bank Oudeh to work in Syria Syria-Lebanon, Business, 6/1/2005
- Egypt to move on E-government Egypt, Economics, 5/31/2005
- Syria encourages tourist, investment sectors
Syrian government is paying a great attention and doubling efforts to encourage investment and tourism sectors in Syria and pushing them forward, Premier Naji Otari said during the inauguration of Queen Center Rotana Suites Hotel in Mezza neighborhood, in Damascus, yesterday. Syria, Economics, 5/31/2005 - FEC fiscal year profit rises 14% in 2004
Moroccan financing institution lending to local authorities "Fonds d'Equipement communal" (FEC) said 2004 fiscal year profit rose 14% to MAD 170 million (nearly US$ 20 million). Morocco, Business, 5/31/2005 - Nazif issues decision on formation of exports promotion center board Egypt, Economics, 5/31/2005
- Rasheed: Egypt-Saudi Arabia new stage towards mature economic ties
"Egypt and Saudi Arabia have started a new stage of mature ties to promote their economic and investment cooperation," Egypt's Minister of Trade and Industry Rasheed Mohamed Rasheed said Saturday. Egypt-Saudi Arabia, Economics, 5/30/2005 - Syria closes the file of debts with Russia
Syria and Russia on Sunday signed in Damascus an agreement provided for ending the file of the Russian debts that tolled USD 13.4 billion accumulated in Syria since 30 years. Syria-Russia, Economics, 5/30/2005 - Mubarak to open exported liquefied gas project, new Damietta bridge Egypt, Economics, 5/30/2005