Arabic News Weekly Edition for Economics, 7/4/2005
Weekly Edition, Economics - Week of July 4, 2005
- Egyptian-Chinese ties have come a long way - ambassador
Hossamdin said the trade volume between both countries has jumped from $952 million in 2001 to $1577 million in 2004 and is projected to reach two billions by the end of this year. Egypt-China, Economics, 7/9/2005 - Phosphates plays major role in Moroccan economy, minister
Morocco's phosphates play a major role in the economy representing 3% of the gross domestic product (GDP) and 15 to 18% of exports, said Moroccan energy and mining minister. Morocco, Economics, 7/9/2005 - G8 offers action plan for cleaner, more efficient energy
Leaders of the world's eight leading industrialized nations have adopted yesterday a 38-point plan of action to address the related issues of climate change, clean energy and sustainable development. Regional, Economics, 7/9/2005 - Tishrin: Syria signs contracts on railways projects
The General Establishment of al-Hijaz railways signed a contract with a cost of $ 54 million with a Lebanese company of Rock Wall to build a railway between Damascus and Damascus Airport. Syria-Lebanon, Business, 7/8/2005 - EUR 50 million support for clean energy gas supplies in Egypt
Under its Facility for Euro-Mediterranean Investment and Partnership (FEMIP), the European Investment Bank (EIB) is lending EUR 50 million to the Egyptian Natural Gas Company (GASCO) for two gas pipelines of a combined length of 152 km in Egypt. Egypt-European Union, Economics, 7/8/2005 - Jordan: 30% increase for fuel prices Jordan, Economics, 7/8/2005
- First natural gas shipment to leave for France
A Gas de France Ship is due to leave the Egyptian Mediterranean harbour of Edko in two days carrying the first shipment of liquified natural gas. Egypt-France, Business, 7/8/2005 - U.S. wants worldwide end to farm subsidies
All members of the World Trade Organization (WTO) should place elimination of agricultural subsidies high on their trade agendas, according to U.S. Agriculture Secretary Mike Johanns. Regional-USA, Economics, 7/7/2005 - Syria, Germany to boost cooperation on water resources
A joint team from Syria's Ministry of Irrigation and the German Federal Institute for Natural Resources accomplished an estimation of the irrigation water situation in Syria, a report to SANA said Wednesday. Syria-Germany, Economics, 7/7/2005 - Syria seeks Malaysian help to build Tram in Damascus
Syria studied on Wednesday with a Malaysian company for railways the tram project that will cross the western part of the capital Damascus to the east of the city. Syria-Malaysia, Economics, 7/7/2005 - al-Thawra: Series of international restaurants in Damascus in two months
International Chain Restaurants Company is to start investment in Syria next September with $ 10 millions within a wide plan to increase its investments in the Arab states. Syria-Saudi Arabia, Economics, 7/7/2005 - Premier underlines importance of developing transport sector Syria, Economics, 7/7/2005
- Bahrain Dow Jones indexes inaugurated
The "Dow Jones Indexes of Bahrain" was inaugurated on Tuesday in Manama as an index for companies listed in the Bahrain's stock market ( Bourse ), according to criterion adopted by "Dow Jones International." Bahrain, Economics, 7/6/2005 - Nazif: $ 2.6 billion flow investments in Egypt
Yesterday's cabinet meeting addressed a number of internal and Foreign policy reports, President Mubarak's activities during the last few days, and the kidnapping of the head of Egypt's diplomatic mission in Iraq a few days ago. Egypt, Economics, 7/6/2005 - Combating unemployment commission to finance new projects
'Combating Unemployment Commission' on Tuesday signed an agreement with the Industrial Bank for 1 billion S.P to develop small projects in Syria. Syria, Economics, 7/6/2005 - Syria aims for 8 million tourists by 2010
Minister of Tourism said on Tuesday Syria aims at increasing tourists number to reach eight million by 2010. Syria, Economics, 7/6/2005 - Qatar to invest $ 20 billion in petrochemical projects
Qatar's minister of energy and industry Abdullah Bin Hamad al-Ateyah said his country will allocate more than $ 20 billion for petrochemical projects. Qatar, Economics, 7/6/2005 - Foreign investments assets in Egypt up LE 1.5 billion
A recent report revealed that foreign investments in Egyptian banks rose by LE 1. 53 billion between March and April. Egypt, Economics, 7/6/2005 - Abul-Naga: Egyptian-Chinese economic trade ties promoted
Egypt and China are set to work together in order to boost economic, investment, trade and tourist ties in the forthcoming economic periods. Egypt-China, Economics, 7/6/2005 - Mubarak opens Sohag bridge within hours
Egypt's President Hosni Mubarak opens today Sohag over-flying bridge at costs of LE 100 million. Egypt, Economics, 7/6/2005 - Donor states finance feasibility study of Jordan Red Sea - Dead Sea canal
The World Bank announced yesterday in Paris that Jordan, Israel and the Palestinian Authority received the consent of the donor states to finance the feasibility study of a huge project to finance a canal linking the Red Sea to the Dead Sea. Jordan-Israel, Economics, 7/6/2005 - Egypt, PA to sign gas agreement Egypt-Palestine, Economics, 7/5/2005
- $ 27.3 billion worth Egypt's exports in year
Service exports increased by $2.3 billion, the minister said, adding that this increase is due to the rise of Suez Canal revenues by about $600 million and tourism by $900 million. Egypt, Economics, 7/5/2005 - Egypt's exports to COMESA countries up to $372 million
"The balance of trade between Egypt and the Common Market for Eastern and Southern Africa (COMESA) countries is finally tilting in Egypt's favor. Egypt-Regional, Economics, 7/5/2005 - Real Estate Bank clarification on counterfeited VISA and MASTER CARDS
Syrian Real Estate Bank said Monday that the counterfeited world VISA and MASTER CARDS confiscated recently in Syria do not constitute a serious breach of banking dealings in Syria. Syria, Business, 7/5/2005 - Oil discoveries in Egypt's Gulf of Suez Egypt, Economics, 7/5/2005
- Apprehension of three information technology pirates
The police of Essaouira (central southwest) seized over 400 counterfeited CD-ROMs and arrested three individuals and charged with piracy. Morocco, Economics, 7/5/2005