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Arab economy needs improvement, debts increase $50,000 each minute
Arab countries are also spending huge sums of money on arms deals, the Arab countries buy 40 % of the world's arms production.
Regional, Economics, 12/23/1997
GCC leaders send positive signal to Iran
They expressed concern over the situation in North Iraq, referring to the "Turkish incursion"
Gulf-Iran, Politics, 12/23/1997
Algeria criticizes the European Union
The newspaper added that relations between Algeria and the European Union has never reached such a low level at a time when Algeria is getting ready to establish democratic rule that is more inclusive of all factions.
Algeria, Politics, 12/23/1997
Escalated Lebanese resistance against Israeli troops
three gun ships came to the rescue the Israeli troops, firing intensively at the areas surrounding the site as a cover for evacuating wounded Israeli soldiers
Lebanon-Israel, Military, 12/23/1997
Algerian president consults political parties
President Zeroual renewed during the meeting his commitment to protecting the political alliance which comprises the National Democratic Assembly, the Liberation Front and the Peaceful Society Movement on which he depends.
Algeria, Politics, 12/23/1997
Israel satisfied with China's decision on technology transfer to Iran
In their Monday's talks with the Chinese Foreign Minister Qian Qichen in Jerusalem, Israeli officials focused on demanding China stop providing Teheran with sophisticated military technology.
Israel, International, 12/23/1997
Dahlan : We reject any changes on the security understanding
The meeting was supposed to witness the final signing of the joint security understanding, which explicitly speaks of Israel's commitment to fight Jewish terror against Arabs by the same token with which it demands the Palestine to fight Islamic militants.
Palestine-Israel, Politics, 12/23/1997
140 Jordanians in Iraqi jails
Jordanian Foreign Minister Fayez al-Taraunah received a list of 140 Jordanians being jailed in Iraq.
Jordan-Iraq, Politics, 12/23/1997
Unemployment in Israel
The same people who demonstrated against Netanyahu Monday had greeted his political foe, opposition Labor Party chairman Ehud Barak, with chants like ³Barak to power.²
Israel, Economics, 12/23/1997
Patriarch: Christians relations with Palestine are excellent
Roman Catholic Patriarch Michel Sabbah praised the relations existing between the Christian community and Palestine, saying all reports by the Israeli media on a crisis were baseless.
Palestine, Religion, 12/23/1997
Yemen increases petroleum production
Production from live fields directed by the French company Total, averages 20,000 barrels and could be increased to 50,000 barrels by the middle of next year.
Yemen, Economics, 12/23/1997
Romanian official astonished at response to Luxor attack
Ewan Donka, the Romanian deputy foreign minister, was astonished by some countries' response to the recent terrorist attack in Luxor, Egypt.
Egypt, Politics, 12/23/1997
Suez Canal bridge 2001
A ministry of transport delegation left Cairo for Tokyo last week to hold talks with Japanese officials on the construction of the middle part of the suspicion bridge which will link Africa and Asia across the Suez Canal.
Egypt, Economics, 12/23/1997
Tripoli: Farrakhan stresses the importance of uniting Muslim ranks
He regretted the denunciation of the US justice ministry for his visit to Libya, wondering: "Should I ask a permission from Washington to visit my Muslim brothers in Libya?"
Libya, Religion, 12/23/1997
Jordan will export $31 million to Iraq
new contracts have been ratified by the UN Security Council Sanctions Committee according to which Jordan is allowed to export goods worth US $31,062,452 through 25 contracts between the Iraqi government and Jordanian companies.
Jordan-Iraq, Economics, 12/23/1997
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Short Takes:
The US failed to win a "condemnation" of Iraq from the UN security council and had to settle for a reiteration of previous resolutions that stated that Iraq should provide unconditional access to its sites.Tariq Aziz, DPM of Iraq had accused UN's Richard Butler of providing the security council with false information about Iraq.
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Yemeni businessmen gathered in Aden to discuss investment there, CNN reported.
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Qatar said it has no objections to a newly-imposed requirement that its citizens obtain entry visas on entering Egypt, Gulf Times reported.
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The UAE has received UN approval to initiate a passenger ship line to Iraq, Khaleej Times reported.
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The Lebanese Cabinet has decided to hold local elections in all but the occupied areas of south Lebanon, Daily Star reported.
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Syrian Prime Minister Mahmoud al-Zou'bi on Monday discussed joint activities and opportunities in financing Syrian private and joint projects with director of the International Finance Establishment of the World Bank.
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The Arab Investment Company in Manama on Sunday said its profits for the first nine months of 1997 reached $28.5 million in comparison with $22.5 million for the same period of 1997. The company expected its profits to reach $31 million in 1998 whereas expenditures will increase by 12%.
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