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Kuwaiti loses half its petroleum income in this year
It is expected the Kuwait may lose half of its petroleum income in the current year because of falling prices, yet it will not borrow from the outside to cover the budget shortage.
Kuwait, Economics, 9/23/1998
Egyptian businessmen to meet with European ambassadors tomorrow on trade issues
Secretary-general of the Egyptian Businessmen Assembly, Taher El-Sherif, said today that Egyptian Minister of Trade and Supply Ahmed Goweili will hold a meeting tomorrow with the Egyptian Businessmen Assembly to discuss the obstacles facing Egyptian exports in international markets.
Egypt-European Union, Economics, 9/23/1998
US offers military sales to Egypt, Israel
The US Department of Defense has announced during the past week three possible sales of military equipment to Israel and Egypt, offering fighter jets to Ireal and an upgrade of equipment to Egypt.
Egypt-Israel-USA, Military, 9/23/1998
Oasis Casino: gambling succeeds where peace fails
The drive from Jerusalem down to Jericho is not more than 25 minutes but it feels as if one is traveling to a totally different country.
Palestine, Business, 9/23/1998
Bin Laden pledges not to carry out activities from Afghan territories
The foreign minister of the Taleban movement, al-Mulla Muhammad Hassan, said that Saudi separatist Osama Bin Laden, living in Afghanistan, pledged not to carry out any activities in the future from the Afghan territories.
Regional-Afghanistan, Politics, 9/23/1998
Aden explosions may have foreign links
Yemeni Minister of Interior General Hussein Mohammed Arab said the plan of a gang for foreign interests was behind the explosion that took place in Aden on Monday in which two persons were killed and at least 16 persons were injured.
Yemen, Local, 9/23/1998
Egypt refuses to license Muslim Brotherhood separatist party
The "Parties committee" authorized to license parties in Egypt refused an application to found "The Egyptian al-Wasat Party" comprised of separatists from the Muslim Brotherhood.
Egypt, Politics, 9/23/1998
Algerian political parties continue consultations on presidential elections
Algerian political parties continue their consultations, following the announcement of Algerian President Liamine Zeroual that Algeria hold early Presidential elections in the middle of February 1999 ,to reach political alliances and to agree on the names of their nominees for the coming elections.
Algeria, Politics, 9/23/1998
Morocco and Cote D'Ivoire set up $7.5 million joint venture, other accords
Morocco and Cote D'Ivoire agreed Tuesday in Rabat to set up a $7.5 million joint venture to produce gas bottles in Abidjan.
Morocco-Cote D'Ivoire, Business, 9/23/1998
Kuwait denies deploying forces in the north
Kuwaiti official sources denied reports published yesterday by Kuwaiti newspapers that military enhancements are being sent to the Kuwaiti borders with Iraq after the threats recently released by Baghdad against Kuwait.
Kuwait-Iraq, Politics, 9/23/1998
Arab pediatricians conference opens in Damascus
The two events were held at the Pediatric Hospital on Tuesday. In an inaugural speech, Syrian minister al-Shatti said figures show that the number of medical centers in Syria increased from 200 in 1970 to 1,000 in 1997. He added that these centers have offered more than 13 million services, two thirds of which were for children.
Regional, Health, 9/23/1998
Lydec public utility firm to invest over $82 million in Moroccan water grid
Casablanca-based Lydec, a branch of French Lyonnaise des Eaux company, will invest over $82 million to upgrade water and power grids in Morocco's economic capital city, Casablanca.
Morocco, Business, 9/23/1998
Egypt could lose $200 million as a result of banned potato exports
The head of the agricultural committee in the general export department of the trade chambers' union, Osama Khir El-Din, warned today of the consequences of implementing the resolution of the European Union to prevent the export of Egyptian potatoes to European markets, saying that losses in the potato exporting sector would reach at least $200 million, in addition to putting 150,000 workers out of work.
Egypt-European Union, Economics, 9/23/1998
Qatar and Egypt claim opening-game wins in Arab Soccer Cup play
In a televised match, Syria's soccer team lost its opener yesterday night to Egypt 2-1, in the Arab Cup championship.
Regional, Sports, 9/23/1998
Two Israeli soldiers killed in south Lebanon
Two Israeli soldiers were killed and another three wounded in an operation carried out on Tuesday at dawn against an Israeli on foot patrol in the surroundings of the Litani river near Deir Seryan town.
Lebanon-Israel, Military, 9/23/1998
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The executive bureau of the council of the Arab social affairs ministers has decided to provide urgent aid to Sudan at a cost of US $100 million to help Sudan withstand the consequences of floods that recently hit the country.
Bahrain is developing historical areas for tourist traffic, Gulf Daily News reported.
The Palestinian Affairs Department signed an agreement with the European Union for 1.9 million ecus in financial aid to Palestinian refugee camps in Baqah, Jerash and Aqabah to fund medical programs, Petra reported.
Lebanese Prime Minister Rafik Hariri will meet on Friday with US Secretary of State Madeleine Albright, Lebanon News Wire reported.
Lebanese President Elias Hrawi has announced that he will carry out his presidential duties until the last moment. He added that he is ready to hand over authority to the new president after elections. During meeting Monday with several Lebanese parliamentarians Hrawi asserted that he has no intention to extend his term of office, whatsoever regional or local conditions are.
The Middle East Economic Survey news bulletin published in Nicosia on Monday said that oil production capacity in Libya is estimated at 1.565 million barrels per day. Thereby, Libya is violating its commitment to reduce its oil production in the context of OPEC.
Qatar has signed an agreement to evaluate the value of Q-Tel before its partial privatization, Qatar News Agency reported. The agreement, signed between Qatari Minister of Trade Hussein Kamal and the Credit Suisse First Boston Corporation prepares for shares in the company to be offered beginning December 1, the report said.
Iraqi Deputy Prime Minister Tariq Aziz will visit New York to hold talks with United Nations Secretary-General Kofi Annan on the differences over inspections of Iraqi weapons of mass destruction weapons, Iraqi Foreign Minister Mohammed Said al-Sahaf announced yesterday.
Saeb Erekat, the chief Palestinian negotiator, officially demanded today that Palestinian President Yasser Arafat remove him (Erekat) from his post. Palestinian sources said today that this request came in protest over the opening of another negotiation channel with Israel with the leadership of Ahmed Qrei, the chairman of the Palestinian Legislative Council.
The deputy general manager for trade affairs at Kuwait Airlines Barak El-Sobieh told ArabicNews.com that Kuwait Airlines will stop today its trips to five countries -- Tunisia, Greece, Morocco, Germany and Denmark -- beginning on October 1. Moreover, El-Sobieh said the company will also reduce its trips to other countries and rent out some of its planes to attain an acceptable income within the increasing losses facing the company's operations after it resumed operations after the Gulf War.
King Hassan II of Morocco instructed the government to find jobs for the unemployed doctors and engineers who have been staging for 56 days a sit-in in front of the parliament in Rabat.
"Salman" port in Bahrain recently won a prize as the second-best port in the Middle East.
The Saudi royal court on Tuesday night released a statement. It read that Saudi Arabia has withdrawn its charge d'affairs from Kabul and asked the Afghan charge d'affairs to leave the Kingdom.
The leader of the pro-Israeli South Lebanon Army militia, Antoine Lahd, has his renewed threats against the Lebanese resistance. In a statement, Lahd said his militiamen would not keep silent if the Lebanese resistance attacked the occupied Jezzine area.