Arabic News Weekly Edition for Economics, 6/13/2005
Weekly Edition, Economics - Week of June 13, 2005
- Lebanon calls to develop Arab stock market
Lebanon called on Thursday the Arab states to develop financial markets and catalyze Arab companies to allow them to include their shares in local stock markets to make use of available finance liquidity. Regional-Lebanon, Economics, 6/17/2005 - German - Arab trade is in a constant growth
Regional Director of German Chamber of Commerce and Industry in the Middle East Michael said that German trade with the Arab states had increased at the rate of 10% to reach Euro 24 billion. Regional-Germany, Economics, 6/17/2005 - Contract to establish first firm to produce giant oil pumps
A contract to establish an Egyptian-German company to produce heavy-duty oil-pumps according to international specifications was signed yesterday. Egypt-Germany, Business, 6/17/2005 - Morocco unilaterally cancels visa for Russians
Morocco decided, as of June 13, to unilaterally cancel the visa and the airport taxes for Russian citizens, announced the kingdom's ambassador to Russia, Abdelmalek Jeddaoui. Morocco-Russia, Economics, 6/17/2005 - Weather change costs Morocco 4.6 of GDP, official
Morocco loses 4.6% of the GDP because of the weather changes, which triggers desertification, said the High Commissioner for Water and Forests Abdeladim Lhafi. Morocco, Economics, 6/17/2005 - Fiat starts marketing three new car makes in Morocco
Fiat Auto Maroc will start on Friday marketing three new car makes in the Moroccan market, revealed the company CEO, Bruno de Mori. Morocco-Italy, Business, 6/17/2005 - L'Economiste: IMF head recommends better Maghreb trade and economic integration
Integration would create a regional market of over 75 million consumers, which "would generate efficiency and make these countries more attractive to foreign investment," said the IMF official. Maghreb, Economics, 6/16/2005 - The International Bank for Trade and Finance opens new branch
The International Bank for Trade and Finance on Wednesday opened its first branch in the Syrian northern city of Aleppo to facilitate economic activates and banking transactions there. Syria, Business, 6/16/2005 - Syria discusses with Arab Monetary Fund joint cooperation Syria, Economics, 6/16/2005
- Syria's joining trade marks accord helps investments
Minister of Economy said on Wednesday Syria's joining to Madrid protocol for Trade Marks has contributed to attracting foreign trade marks and encouraging investment in Syria. Syria, Economics, 6/16/2005 - le Figaro Economie: Moroccan call centers achieve over Euro 80 million in sales
Moroccan call centers achieve over Euro 85 million in sales, i.e. more than its four competitors (Tunisia, Mauritius Island, Senegal and Romania) together Morocco, Economics, 6/16/2005 - Turkish, Arab businessmen to improve trade relations Regional-Turkey, Economics, 6/16/2005
- Al Ittihad al-Ichiraki: New way needed to expand Japanese-Moroccan economic relations, ambassador Morocco-Japan, Economics, 6/16/2005
- Morocco's package tour sales increase 24.7% as of April 2005 Morocco, Economics, 6/16/2005
- Syria is setting up finance system: minister
"This move requires currency reform and to commence an inclination towards the exchange rate liberalization," Amer Hosni Lutfi told a visiting Austrian delegation. Syria, Economics, 6/15/2005 - On the Turkey-Egypt free-tarde talks Egypt-Turkey, Economics, 6/15/2005
- Morocco, Italy to materialize telecommunication MoU provisions
The accord provides, inter alia, for the setting up of training centers for Moroccans to meet the needs of the telecommunication field, which would ultimately offer some 250,000 jobs, by 2010, for Moroccan technicians and engineers. Morocco-Italy, Economics, 6/15/2005 - Al-Thawra: Syrian-Saudi lighting devices factory project
The Syrian Company for Electricity and Communication ( SyriaNet) said an offer by an advanced Saudi Arabian company has been under study to build a joint factory with SyriaNet for lighting devices in Syria. Syria-Saudi Arabia, Economics, 6/15/2005 - APICORP is ready to aid Syria in oil and gas Development
The Arab Petroleum Investment Corporation APICORP expressed on Tuesday readiness to aid Syria in the field of gas, oil and petrochemicals industry. Syria-Regional, Economics, 6/15/2005 - Plans for sea fisheries management needed in Morocco
The need to incept plans for the management of Moroccan sea fisheries to ensure the monitoring and the preservation of the sector's resources was highlighted by Hassan Chami, president of the Moroccan enterprises general Confederation (CGEM). Morocco, Economics, 6/15/2005 - Nazif: Joint investment company set up in Egypt at $ 150 million capital Egypt-Regional, Business, 6/15/2005
- Discussions to expand utilizing natural gas
Egypt's Prime Minister, Ahmed Nazif asserted the importance of expanding the utilizing of the natural gas in residential areas through supplying more than 6 million houses with natural gas to limit the consumption of butane gas and oil that are imported from abroad. Egypt, Economics, 6/14/2005 - Iraqi-Iranian agreement to revive the oil pipeline project
Baghdad announced on Monday that Iraq and Iran have agreed to revive a project for the oil pipeline to help in the crisis of fuel shortage in Iraq. Iraq-Iran, Economics, 6/14/2005 - Permanent link seabed study in Gibraltar Strait complete at 95%
The offshore seabed geological study for the construction of a permanent link between Africa and Europe across the Gibraltar Strait has been completed at 95%, said Moroccan transport minister Karim Ghellab on Monday. Morocco-European Union, Economics, 6/14/2005 - Egyptian liquefied gas exports to the US
The second pilot shipment of Egyptian liquefied gas will be exported to the United States Tuesday. Egypt-USA, Economics, 6/14/2005 - Arab fund to cooperate with Syria
Director of the Arab Fund Jasem Mannai on Monday underlined the Fund commitment to cooperate with Syria to help activate ties with Arab financial institutions and enable Syria make use of its activities. Syria-Regional, Economics, 6/14/2005 - Le Matin du Sahara: Moroccan GDP depends less on agriculture
Some economic indicators show that the Moroccan GDP is decreasingly contingent upon agriculture, and that its resistance to weather changes is a "true trend," said the High Commissioner for Planning. Morocco, Economics, 6/14/2005 - Egyptian company sets up electricity grid for Sudan's Northern Province Egypt-Sudan, Economics, 6/14/2005
- Syrian market is promising: private bank director
"The Syrian market is promising and the economic diversity in Syria gives new horizons to the banking industry," Director General of the International Bank for Trade and Finance in Damascus Sultan al-Zubi said Sunday. Syria, Business, 6/13/2005 - Solar and wind energy get attention in Egypt Egypt, Economics, 6/13/2005
- Wall Street, UN experts mark international year of microcredit
Marking the United Nations International Year of Microcredit 2005, financial experts from the UN and Wall Street met last week to explore how to make financial services available to millions of poor and low-income people around the world. Regional, Economics, 6/13/2005 - Egyptian-French trade exchange up to 1.3 billion euros Egypt-France, Economics, 6/13/2005