Word: moroccos
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Whatever the motive, the Pentagon and its suppliers are coming up with innovative ways to keep factories humming. The Air Force, for example, wants to sell some 300 used F-16s to such countries as Indonesia, Morocco, the Philippines and others that cannot afford new ones. It will then use the $2 billion profit from the sales to buy 75 new F-16s for itself. The McDonnell Douglas Corp. is helping Kuwait sell its fleet of A-4 attack planes, hoping that Kuwait will use the proceeds to buy the company's F-18s and AH-64 helicopters...
More than 2,500 Arab, Israeli and Western politicians, business figures and royalty emerged from athree-day economic summitin Morocco with agreements to compliment Mideast peace with economic development, including the launch of a regional development bank, a tourism board, chamber of commerce and business council. "In a sense, they're saying the Middle East is now open for business," saysTIME correspondent Jay Branegan, in Casablanca. Branegan says the event amounts to a political blessing encouraging "the private sector to come in and consolidate the gains made in peace with investment, training and tourism." Whether it works...
Secretary of State Warren Christopher, in Morocco for a first-ever economic summit between Israel and Arab states, said the Arab League may lift the 43-year-oldeconomic boycott of Israelnext spring. "There is growing recognition" that the boycott is "really a relic of the past and ought to be consigned to the history books," Christopher said. Saudi Arabia and five Persian Gulf emirates led the way in September by deciding to stop discriminating against companies that do business with Israel...
...Morocco: Pilot Terror
Just when all the attention was on Syria and other peace refuseniks, Morocco became the second Arab country after Egypt to establish formal ties with Israel. The low-level diplomatic relations come after years of sketchy and often secret ties between the Jewish state and the North African country. Specifics of the arrangement sound a lot like the Israel-Jordan peace accord, with a strong focus on business interests. That's not surprising: Israeli Foreign Minister Shimon Peres said the breakthrough came in part because Morocco, like Jordan, wants to join the march toward regional economic cooperation...