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Iraqi middlemen foreign traders doing a brisk - lucrative business
Smuggling of Iraqi diesel oil has become widespread in the Gulf, with a market created by local and international shipping firms eager to buy cheap fuel to power their vessels, Gulf shipping sources said.
Iraq, Business, 7/25/1997
Japan and West vie for UAE project
Japanese and Western firms are vying to snatch a major United Arab Emirates gas contract which will tap the Gulf country's immense resources, industry sources and newspapers said.
United Arab Emirates, Economics, 7/24/1997
Historic Palestinian airline flight
The Palestinian Airline company will make its first flight on July 30 between Amman and the Egyptian airport closest to the Gaza Strip, the firm's director general announced.
Palestine, Business, 7/24/1997
Suez Canal revenues hit $2 billion
Five million tons of food pass through the Canal daily.
Egypt, Economics, 7/24/1997
Hizbullah-dominated TV to continue broadcasting
The government took a surprise decision to wind up the audio-visual media issue by granting licenses to Hizbullah-dominated Lebanese Media Group (LMG) television as well as eight other radio stations.
Lebanon, Business, 7/24/1997
Ban on petrol tankers angers owners
The Lebanese association of petrol station owners called on officials to reverse decisions on tankers that pose a public hazard.
Lebanon, Business, 7/24/1997
Gun sellers strike over hunting ban
A one-day strike will be held in Lebanon on July 30 by gun merchants who claim that the two-year-old ban on hunting has hit their profits, an announcement said.
Lebanon, Business, 7/24/1997
Syria condemns US Congressional draft resolution
Syrian newspapers condemned a draft resolution issued by the US Congress imposing economic sanctions against Syria.
Syria, Economics, 7/23/1997
1,000 new firms to be established
New Egyptian companies
Egypt, Economics, 7/23/1997
Lower custom duties to encourage investments
The Egyptian government has recently adopted amendments to ease customs duties as a part of its economic and financial policies.
Egypt, Economics, 7/23/1997
Egypt denies suspension of wheat imports
The trade and supply minister, Dr. Ahmed Goweili, denied last night issuing a decree to suspend wheat imports.
Egypt, Economics, 7/23/1997
Importer waits before buying wheat
Egypt's main wheat importer said yesterday he was not thinking of buying wheat until the issues raised by a government import ban on genetically engineered grain were settled.
Egypt, Business, 7/23/1997
Goverment to announce new prices for cotton exports
Minister of Supply and Foreign Trade Dr. Ahmed Gwili instructed the authorities concerned with the cotton trade to prepare a detailed report on cotton marketing and exporting problems to be submitted to Prime Minister Dr. Kamal Ganzouri.
Egypt, Economics, 7/23/1997
Indonesia exports tea to Iraq under UN deal
Indonesian companies have exported 3000 tons of tea to Iraq under a scheme to allow Baghdad to import food and are confident of more sales if the UN program is extended, industry sources said.
Iraq, Economics, 7/23/1997
Planned Lebanese copyright law may double computer prices
Computer merchants warned that the cost of original software would have to be passed on to the consumer, increasing the already high price of the machines.
Lebanon, Business, 7/22/1997
Team from Kuwait's KIA in Yemen for economic talks
A delegation from the Kuwait Investment authority (KIA) is in Yemen for talks on economic cooperation.
Kuwait-Yemen, Economics, 7/22/1997
Jordan launches fertilizer plant with India
The project, a joint venture between Jordan Phosphate Mines Company (JMPC) and India's Southern Petrochemicals Industries Company (SPIC), will produce over 200,000 tons of phosphoric acid annually.
Jordan, Business, 7/22/1997
Campaign focuses on sensuality
An advertising campaign for condoms in Lebanon has done away with traditional safe sex warning in favor of a message about sensuality.
Lebanon, Business, 7/22/1997
Lebanon: bond would be last for now
Lebanese Prime Minister Rafik Hariri said on July 21, Lebanon would have no need for new foreign borrowing in the near future if his proposed 1 billion US dollar bond issue to fund emergency social spending was approved.
Lebanon, Economics, 7/22/1997
Arab fund loans Morocco 98.9 million US dollars
The Arab Economic and Social Development Fund on July 18 granted Morocco two loans totaling 960 million dirhams ( 98.9 million us dollars) for water and electricity projects, the Finance Ministry said.
Morocco, Economics, 7/22/1997
Egyptian money exchange market
The U.S chamber of Commerce in Cairo will hold a symposium tomorrow on developments in the Egyptian money market.
Egypt, Economics, 7/21/1997
Italy's president in Saudi Arabia
Italy's president Oscar Luigi Scalfaro arrived in Saudi Arabia on July 19 for a two-day visit to boost ties with his country's top Gulf trade partner.
Saudi Arabia, Economics, 7/21/1997
Yemen gets water grant
Yemen has received a Japanese grant of 988 million Yen (8.6 million US dollars) to finance a water drainage and distribution project, the Japanese embassy announced on July 17.
Yemen, Economics, 7/21/1997
Qatar signs oil and gas deal with US group
Qatar has signed oil and gas accords with a five-member international consortium led by Atlantic Richfield (Arco) of the United States.
Qatar, Business, 7/21/1997
United Arab Emirates eases investment curbs
The United Arab Emirates has further relaxed rules for investment by foreigners in a measure that is expected to attract funds usually sent abroad, bankers said on July 17.
United Arab Emirates, Business, 7/21/1997
Hrawi will not upset Gulf states for sake of Baghdad
Lebanese President Elias Hrawi said on July 17 that Lebanon's crucial economic ties with Kuwait and Saudi Arabia were the reason for barring Iraqi athletes from the Pan-Arab Games, while scolding other Gulf countries for failing to deliver promised funds.
Lebanon, Economics, 7/21/1997
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