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Kuwait fund okays loan for key Bosnian projects
Kuwait signed an initial agreement with the Bosnian government to finance a number of infrastructureal and development projects in the war-devastated southern Bosnian city of Mostar.
Kuwait, Economics, 7/11/1997
Kuwait to the Kuwaitis: get a job
It is important to provide as many as 10,000 job opportunities by the year 2002, a Kuwaiti parliamentarian was reported by a local Arabic daily as saying.
Kuwait, Economics, 7/11/1997
Kuwait investors to set up 130 million US dollar firm
A group of Kuwaiti banks and other investors are setting up a firm with capital of 130 million US dollars to target investments in gulf utilities and the downstream oil sector, a founder said today.
Kuwait, Business, 7/11/1997
Joint free trade zone with Yemen planned
The Federation of Egyptian Industries (FEI), in cooperation with the Trade Representation Department, will participate in the meeting-Yemeni joint higher committee to be held in Sanaa at the end of this month.
Egypt-Yemen, Economics, 7/11/1997
South Korean group looking for business
A group of Korean businessmen in Cairo are visiting the Alexandria Chamber of Commerce where they met with their Egyptian counterparts.
Egypt, Business, 7/11/1997
800 Million Dollar investment projects with UAE
Minister of Public Enterprises and Administration Development Dr. Atef Ebied left for Abu Dhabi on Sunday at the invitation of the Abu Dhabi investment fund.
Egypt, Economics, 7/10/1997
Meetings discuss boosting trade ties with Turkey
The joint Egyptian-Turkey Businessmen's Council meeting began yesterday in Istanbul, Turkey, to discuss boosting economic and trade relations.
Egypt-Turkey, Economics, 7/10/1997
Optimism seen for Arab free trade zone
The Organization of Arab Petroleum Exporting Countries (OPEC) said that the gradual establishment of an Arab free-trade zone, based on joint Arab cooperation, would be enough to secure success.
Regional, Economics, 7/10/1997
Total signs Kuwait oil contract
France's Total signed a deal to provide technical assistance to state-owned Kuwait Oil (KOC) on oil-fields shared with Saudi Arabia, a KOC official said.
Kuwait, Business, 7/10/1997
Egyptian government approves 30 new companies
A total of 30 new companies were established during the period from June 28 through July 3 with an aggregate capital of LE 680 million.
Egypt, Business, 7/9/1997
Joint cement plant with China in Hosna
Northern Sinai's government and China will sign a contract for establishing the biggest cement plan in the industrial zone of Hosna in Northern Sinai tomorrow.
Egypt, Economics, 7/9/1997
Power accord signed with Jordan
Minister of Electricity and Energy Maher Abaza said yesterday that the ministry had completed construction of the giant electrical cable crossing Sinai four months ahead of schedule.
Egypt-Jordan, Economics, 7/9/1997
Exports fair to open in October
The head of the International Exhibitions Agency, Rushdi Saqr, said that for the first time his agency sent invitations to leading foreign businessmen and importers to visit the fair and witness the high quality of Egyptian products.
Egypt, Economics, 7/9/1997
Arab states owe Iraq dollars
Arab states owe Iraq a total of 1.5 billion US dollars in unpaid debts, profits on investments and bank deposits, the Iraqi finance ministry said.
Iraq, Economics, 7/9/1997
Deficit Fears in the United Arab Emirates
The United Arab Emirates urged all of its federal ministries to make an effort to cut spending for 1998 to avert a deficit.
United Arab Emirates, Economics, 7/9/1997
Syrian in Iraq for oil deals
A Syrian health official has arrived in Baghdad to pursue trade deals under Iraq's oil-for food deal with the United Nations, an Iraqi newspaper said.
Syria-Iraq, Economics, 7/9/1997
Egyptians to get Gulf war compensation
Next month Egypt is expected to get the second tranche of compensation for Egyptians harmend by the Gulf war. The payout hinges on reviewing the oil-for-food deal between the UN and Iraq.
Egypt, Economics, 7/8/1997
Cairošs share prices slip in quiet trading
Share prices fell yesterday for the first time in four days in quiet trading which focused on the always-popular banking and cement sector.
Egypt, Economics, 7/8/1997
Algeria, South Africa agree on steps to spur trade
South African Deputy President Thabo Mbeki yesterday agreed with Algerian Prime Minister Ahmed Ouyahia on steps to boost cooperation and trade links, the official Algerian News Agency (APS) said.
Algeria, Economics, 7/8/1997
Turkey removes ban on Baghdad border trade
Turkish Deputy Prime Minister Bulent Ecevit announced on July 7 the lifting of a ban on border trade with Iraq imposed after the 1990 Iraqi invasion of Kuwait.
Iraq-Turkey, Economics, 7/8/1997
Iraq, Sudan reach oil agreement
Iraq and Sudan have signed minutes to follow up the implementation of a joint oil agreement, an Iraqi newspaper said on July 7.
Iraq-Sudan, Business, 7/8/1997
Saudis slap high tax on cigarettes
Saudi Arabia, one of the world's biggest cigarette importers, has raised its tax on tobacco to 100 percent in an effort to curb smoking.
Saudi Arabia, Business, 7/8/1997
Saudi oil refineries upgraded to meet demand
Saudi Arabia is devoting more than 3 billion US dollars to upgrade its major oil refineries to keep pace with rising local product demand and boost middle distillate exports, oil industry sources based in the Gulf said.
Saudi Arabia, Business, 7/8/1997
Egypt, Jordan to tackle boosting trade ties
Jordanšs prime minister met with his Egyptian counterpart to discuss means of fostering economic cooperation.
Jordan-Egypt, Economics, 7/7/1997
Tunisia, South Africa sign air transport agreement
Tunisia and South Africa have signed an accord establishing the legal framework for air links between the two countries, officials said yesterday.
Tunisia, Business, 7/7/1997
Damascus Declarationšs trade cooperation a step on road to common Arab market
A top Syrian lawmaker yesterday said the agreement produced by a recent Arab gathering, including his country and Egypt, to mull a mini-common market was a step in the right direction to make the long-elusive dream of an Arab common market come true.
Regional, Economics, 7/7/1997
Saudi Arabia bans seven professions
Saudi Arabia has banned foreigners from work in seven more categories of government contracts as part of its policy to create jobs for its own citizens, Al Shark Al Awsatt newspaper said.
Saudi Arabia, Business, 7/7/1997
Minister opens workshop on GMPCS
The first workshop on the Global Mobile Personal Communication System (GMPCS) opened in Damascus on July 5.
Syria, Business, 7/7/1997
Saudis to form investment bank in Bahrain
The Bahrain Monetary Agency has recently granted a license to a group of Saudi businessmen who plan to establish a capital investment company.
Bahrain-Saudi Arabia, Business, 7/7/1997
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