Arabic News Weekly Edition for Economics, 6/27/2005
Weekly Edition, Economics - Week of June 27, 2005
- Baghdad citizens suffer water cut
In a development increasing the volume of the sufferings of the daily life of the Iraqis, a large fire erupted in a hydro-thermal electricity station that feeds a main water distribution station near Baghdad on Friday morning. This resulted in cutting the water provided for millions of inhabitants in the Iraqi capital Baghdad. Iraq, Economics, 7/2/2005 - Aeronautics research center to be set up in Casablanca
A center for aeronautics and space research and development is to be set up in Casablanca and to cost MAD 120 Million, about 12 million euros, under a convention signed in Rabat Friday by The French Teuchos company and the Moroccan government. Morocco-France, Business, 7/2/2005 - Crude oil begins to be found in Nile Delta
Egypt's Petroleum Minister Sameh Fahmi said yesterday that crude oil was discovered in the Nile Delta for the first time by Al-Mansoura petroleum Company. Egypt, Economics, 7/2/2005 - Younis: Arab electricity grid venture probed Regional-Egypt, Economics, 7/2/2005
- Tunisia borrows $ 50 million to promote Phosphate mines
The African Development Bank provided a loan to Tunisia at a cost of USD 50 million to finance an operation for developing phosphate mines and enhance its exports of this product. Tunisia, Economics, 7/1/2005 - WB approves $150 Mn loan to support Moroccan housing sector
The World Bank's Board of Directors approved, Thursday, a US$150 million loan to support Morocco's efforts in the housing sector and significantly expand the access of the urban poor to decent housing. Morocco, Economics, 7/1/2005 - Over 3,000 ha of cannabis cultivated land destroyed in northern Morocco
Over 3,000 Ha of cannabis cultivated land was destroyed in northern Morocco, said on Thursday local authorities. Morocco, Economics, 7/1/2005 - Syria, Jordan Lebanon joint project on olives wastes Fertile Crescent, Economics, 6/30/2005
- Tishrin: 4.475 million is the size of the labor force in Syria
A survey carried out by the Central Statistics Bureau in cooperation with the Anti-Unemployment Commission stressed that the total labor force in Syria is 4.475 million workers, Tishrin daily newspaper said Wednesday. Syria, Economics, 6/30/2005 - Kuwaiti parliament approves budget with a $10.5 billion deficit
The Kuwaiti Ummah nation council ( parliament) has approved a budget with a deficit of 3.08 billion Kuwaiti dinars ( $ 10.5 billion) for the fiscal year 2005- 2006, which expires in March next year. Kuwait, Economics, 6/30/2005 - Only 4 percent of Arab women use the Internet
Only 4 percent of Arab women use the Internet, according to the UN Economic and Social Commission For Western Asia (ECWA). Regional, Economics, 6/30/2005 - Fahmi: Gold mines discovered in al-Elaqi Valley
"Three gold mines have been discovered in al-Ela1qi Valley, South of Eastern desert," Egypt's Minister of Oil, Sameh Fahmi, announced yesterday. Egypt, Economics, 6/30/2005 - Tourism to generate about 80 thousand jobs by 2010
Tourism is expected to generate about 80,000 direct jobs and 400,000 indirect jobs by 2010, Tourism Minister, Adil Douiri affirmed Wednesday. Morocco, Economics, 6/30/2005 - Several shantytowns destroyed in Laayoune
Several shantytowns were destroyed in the Moroccan Southern of Laayoune part of the national program on the eradication of slums, said on Wednesday housing and urbanism minister Ahmed Toufiq Hjira at a question time at the House of Representatives. Morocco, Economics, 6/30/2005 - UAE holding eyes Morocco for its growth potential
The UAE holding "Dubai International Properties" (DIP) has chosen Morocco for investment because of its "good growth potential," said Farhan Faradooni, CEO of DIP, which participates in the development of "Amwaj" project in Bouregreg valley. United Arab Emirates-Morocco, Business, 6/30/2005 - Euro-Mediterranean needs 'better strategy' to face Chinese textile products
Moroccan Industry Minister Salaheddine Mezouar called on Tuesday euro-Mediterranean countries for adopting a "better strategy" to face the invasion of Chinese textile products. Morocco-Regional, Economics, 6/30/2005 - Mahmoud Mohie Eddin: Discussions to boost economic cooperation with India Egypt-India, Economics, 6/30/2005
- Two new highway stretches to become operational
The Had Soualem-Tnine Chtouka (Central) and Asilah-Tangier (North) highway stretches will be operational respectively on Thursday and Monday, said Wednesday an Equipment and Transport Ministry communique. Morocco, Economics, 6/30/2005 - Al-Thawra: Syria pumps euphrates waters to Iraq
Syria started two weeks ago to pump water towards Iraq for three months in solidarity with the Iraq's people difficult circumstances and to relieve their suffering. Syria-Iraq, Economics, 6/29/2005 - Fahmi: Oil gas talks with Palestine
Egypt and Palestine held negotiations yesterday focusing on the ways of transporting gas and oil between the two states. Egypt-Palestine, Economics, 6/29/2005 - Arab mobile phone subscribers 3% of the world average
The number of mobile phone runner companies has reached 29 in 19 Arab states, and the number of subscribers reached by 46 millions rating 3% of mobile phone subscribers in the world, Head of the Arab Group for Mobile Phone Mohammad al- Aqeel said on Tuesday. Regional, Economics, 6/29/2005 - Investment of $ 644 million in Moroccan cement sector
Moroccan Prime Minister Driss Jettou chaired Tuesday the signing of three conventions providing for an investment of MAD 5.8 billion (USD 644 Mn) in the cement sector. Morocco, Economics, 6/29/2005 - Mobile units to reinforce road safety in Morocco
Morocco has set up mobile units for road safety (BMCR) to reinforce road safety and reduce the serious human and material losses resulting from accidents that cost Morocco annually 11 billion (around USD 1.22 billion), i.e 2.5 percent of the GDP. Morocco, Economics, 6/29/2005 - Syria, Jordan to sign plan on bio-diversity Syria-Jordan, Economics, 6/29/2005
- Moroccan exports to Brazil increased by 79% Morocco-Brazil, Economics, 6/29/2005
- Conference on latest developments of banking sector in Syria
Central Bank of Syria in cooperation with Bank of Lebanon and the Investing Bank Magazine, is to hold a conference on the latest development of banking sector in Syria on 2-3 of next July. Syria, Economics, 6/28/2005 - Saudi company for electricity borrows one billion dollars
The Saudi Company For Electricity said that it signed on Monday a loan contract at a value of 3.5 billion Saudi riyals ( approximately one billion dollars) with Saudi and Gulf banks in order to finance capital spending. Saudi Arabia, Business, 6/28/2005 - Egypt calls for natural gas usage in Egypt Egypt, Economics, 6/28/2005
- El-Leithi :Fish farm project with Holland
The plan is to increase the production by a minimum of 40,000 tones of fish annually to meet both domestic needs and to produce a surplus for export. Egypt-Holland, Economics, 6/28/2005 - Suez Canal scores record revenues
Revenues of the Suez canal in Egypt during the past 11 months of the current fiscal year increased into more than $ 3 billion against $ 2.82 billion for the last fiscal year as a whole. Egypt, Economics, 6/27/2005