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Egypt inaugurates a nuclear reactor in mid October
Egypt will inaugurate its second nuclear reactor designated for peaceful purposes this month. Diplomatic sources in Egypt confirmed Egypt¹s insistence on refusing to sign the International Agreement for Chemical Disarmament before Israel signs the Nuclear Pact
Egypt, Economics, 10/11/1997
Walt Disney asked to stop insulting Arabs and Muslims
the Arabs will no longer tolerate such constant and unbalanced portrayals of them in the US dominated world-media to the benefit of Hollywood insiders whose agenda is to damage Arab political and other interests at every opportunity
Regional, Business, 10/11/1997
European fund to improve Aqaba port
Syria is increasingly competing with Jordan for Iraqi business as relations between the two countries improve, and put more pressure on Jordan, the sole gate to Iraq after the Gulf war, as a gateway for external commerce.
Jordan, Economics, 10/11/1997
Saudis businessmen in Cairo to boost trade
The Egyptian - Saudi meetings aim to identify the needs of the Egyptian market for Saudi products and also to identify the latest Egyptian products that could be exported to the Saudi market
Saudi Arabia, Business, 10/11/1997
Arakis's oil company to be target for his military operation
Sudan, Business, 10/11/1997
Morocco gets loan to modernize railway as economy grows
Morocco will receive a loan worth of $ 85 million from the World Bank which will be used in financing the investment program implemented by the Moroccan Railway Office
Morocco, Economics, 10/11/1997
Bahrain: power generation and water desalination project
The total cost of the project is 37 million dinars which includes setting up a reservoir to hold about 3 million gallons of desalinated water which will be used to generate electricity.
Bahrain, Economics, 10/11/1997
5 international companies compete to modernize oil refinery
The Yemeni government is currently studying international offers to implement the project of modernizing the oil refinery of Aden.None of the giant US companies submitted offers.
Yemen, Business, 10/11/1997
Oil workers syndicate threatens to go on comprehensive strike
The workers expressed their vehement displeasure toward the stance of the company regarding the negotiations, and the intransigence of the company's officials towards the rights of the workers.
Kuwait, Economics, 10/11/1997
Trade discussion between Egypt and Islamic commonwealth countries
Discussions will be held end of this month in order to boost the economic and trade relations between the two sides. The Commonwealth countries include Azerbaijan, Kerkzkistan, Ozbakistan
Egypt, Economics, 10/11/1997
Prime Minister to inaugurate Egyptian export exhibition
250 public and private sector companies will participate in the exhibition in which the most advanced Egyptian products in all fields will be shown including; furniture, chemicals, cosmetics, ready made
Egypt, Business, 10/11/1997
Tunisia and Egypt discuss investment opportunities
More than 50 Tunisian and Egyptian businessmen representing the private sector and the trade and industrial unions in the two countries participated in the meetings.
Tunisia-Egypt, Business, 10/11/1997
Chamber of Commerce Arab conference in Kansas
The American Chamber of Commerce in Cairo will organize a conference in Kansas, USA in which about 250 Egyptian and US businessmen will participate
Egypt, Business, 10/11/1997
World Bank team study privatization role in Qatar
Tadros praised the performance of many state-owned corporations and public sector enterprises in Qatar such as Q-Tel (Qatar Public Telecommunications Corporation), Qasco (Qatar Steel Company) and Qapco (Qatar Petrochemical Company).
Qatar, Economics, 10/11/1997
More power and desalinated water comming to Qatar
Qatar is planning to launch two major projects to generate 700MW of electricity and 70m gallons per day MGPD of desalinated water to meet the increasing demand in the coming years.
Qatar, Business, 10/11/1997
Lebanese unification
The meeting of the Arab Labor Mediation committee starts yesterday with officials from the two Lebanese trade unions locked in talks aimed at the unification of the Lebanese labor front.
Lebanon, Business, 10/10/1997
Beirut hopes to match past successes of Arab meeting
In Tunisia a chain of hotels and other tourist facilities were established through such meetings, while in Saudi Arabia, several steel factories were built through joint ventures set up at the conference. Similar enterprises were also instigated in Kuwait, Egypt and Morocco.
Regional, Economics, 10/10/1997
Iraqi delegation to Lebanon calls for Arab unity
Adnan Qudsi, the head of the delegation explained the difficult situation Iraq was facing as a result of the UN embargo.
Iraq-Lebanon, Economics, 10/10/1997
Biggest exhibition in the Middle East for furniture
Gulf Cooperation Council (GCC) imports of furniture and home appliances comprise 3.5 percent of the total GCC imports, about 2.5 billion dollars.
Gulf Region, Business, 10/10/1997
Allow bank branches in GCC member states
The central banks and monetary institutions chief of the Gulf Cooperation Council called for licensing, according to specific regulations, the operation of GCC banking branches in other member states.
Gulf Region, Economics, 10/10/1997
Report details billions in government waste
The central inspection authority, auditing department, civil service board and general disciplinary council revealed, for the first time, through numbers and details, the billions wasted in the ministries, administrations and presidencies
Lebanon, Economics, 10/10/1997
Syrian to Jordan: You will bear a heavy price if you play with dam
The Syrian-Jordanian Yarmouk River Water Committee will start its meetings in Amman tomorrow which will last for five days . Syria is still waiting for the Iraqi response.
Syria, Economics, 10/9/1997
Foreign ownership in Lebanon's biggest company approved
The company was set up in 1994 to attract investment to rebuilding Beirut's commercial district. Until now, ownership in the $1.7 billion public shareholding company had been restricted to Lebanese and Arab nationals.
Lebanon, Business, 10/9/1997
France requests use of UAE satellite channel
The UAE welcomed the French request, as it included a pledge to respect the Arab traditions, culture and the religious teaching.
United Arab Emirates, Business, 10/9/1997
Retirement after 20 years of service in Saudi Arabia
Saudi Arabia, Economics, 10/9/1997
Tunisia to host trade meeting tomorrow
The meeting will discuss means of increasing trade exchange between the two countries to reach a goal of $300 million U.S by the year 2000.
Tunisia-Tunisia, Economics, 10/9/1997
Gaza airport opening plans in final stages
The meeting of the Palestinian-Israeli airport committee follows an agreement to this effect between PNA President Yasser Arafat and Israeli Prime Minister Benjamin Netanyahu who met early Wednesday morning for the first time in eight months.
Palestine, Business, 10/9/1997
Waiting for money amidst reports of mismanagement
The Palestinian losses over the first half of 1997 have amounted to US 230 million, double the amount of aid the Palestine National Authority had received from the donor countries over the same period, said Tchanmay Garighan, UN coordinator in the PNA areas.
Palestine, Economics, 10/9/1997
Chinese investment in Lebanon
The vice chairman of China's council for the promotion of international trade, Cui Yushan, said that Chinese businessman may be interested in contributing to Lebanon's reconstruction process.
Lebanon, Economics, 10/9/1997
US businessmen urged to invest in Saudi Arabia
The president of the Saudi-American business councilreferred to Saudi Arabia's efforts to win a seat in the World Trade Organization, upgrade its economic systems, relax investment and customs regulations and develop its financial market.
Saudi Arabia, Economics, 10/8/1997
Palestinian Authority sets up industrial area in Gaza
The Palestinian Authority (PA) will inaugurate at the beginning of next year the project of the industrial area in Gaza, which is the first project implemented by the Palestine Company for Development and Investment.
Palestine, Economics, 10/8/1997
Kuwaiti perfumes exhibition on October 22
Kuwait International Fair Company had invited a number of foreign companies specializing in Western and Eastern perfumes and cosmetics to participate in the exhibition.
Kuwait, Business, 10/8/1997
Morocco, Egypt to set up joint cooperation deals
Egypt's President Hosni Mubarak and King Hassan II of Morocco will co-chair meetings of a joint cooperation commission this December in the upper Egyptian resort town of Aswan.
Morocco-Egypt, Economics, 10/8/1997
Japanse prime minister to visit Saudi Arabia next month
The Japanese prime minister will discuss with Saudi officials ways of strengthening the economic relations between the two countries and exchanging experiences in the social, scientific, and educational fields.
Saudi Arabia, Economics, 10/8/1997
Syrian-Iraqi meeting is first development after Gulf War
Both Iraq and Syria criticized holding the World Water Conference which concluded its meetings in Istanbul as it came after the declaration of the alliance between Israel and Turkey.
Syria-Iraq, Economics, 10/7/1997
Mandela to visit Saudi Arabia
South Africa's imports from Saudi Arabia have been increasing dramatically. The figure jumped from 8 million US dollars in 1994 to 167 million US dollars in 1995 and 207 millions US dollar last year, mainly because of oil.
Saudi Arabia, Economics, 10/7/1997
Positive Expectations for Moroccan Economy
Morocco is expected to import about 2.5 million tons of grains between August 1997 and May 1998 which will cost between $400 million and $500 million due to the rise in the dollar exchange rate.
Morocco, Economics, 10/7/1997
GCC industrial license chiefs meet in Doha
The opening session this morning was addressed by assistant undersecretary of the Qatari Ministry of Energy and Industry who stressed that the aim of GCC committees and sub-committees in the industrial field was achieving integration among GCC members.
Gulf Region, Business, 10/7/1997
Finding money to help the displaced
Jumblat declined its allocation in the recently approved budget deal on the grounds that it would have been inadequate. Jumblat stated that his ministry will continue its task without the money.
Lebanon, Economics, 10/7/1997
Egypt to celebrate king Tut's 75th anniversary
Marking the 75th anniversary for discovery of King Tutankhamen's tomb, the Antiquities Department in Egypt has arranged a nationwide celebration based in Luxor
Egypt, Economics, 10/7/1997
French tourists travel to Egypt at a steady peace
An Egyptian official in Paris said calls for visas to visit Egypt, either by French citizens or foreigners residing in France, are still around the normal level for this time of the year.
Egypt, Economics, 10/7/1997
Water crisis warning to Gulf States
The GCC states are facing a potential water shortage and serious steps should be taken to avoid such a crisis, a leading expert of water desalination has warned.
Gulf Region, Economics, 10/6/1997
Sudan tries to fix its currency exchange rates
A Sudanese economic source mentioned that new monetary policies are expected to be ratified in the coming weeks by the Ministry of Finance and the Central Bank.
Sudan, Economics, 10/6/1997
Berri praises budget and calls for concrete measures
Berri recommended giving more attention to agriculture, increasing workers' productivity, protecting the unemployed and encouraging private banks to guarantee small investments.
Lebanon, Economics, 10/6/1997
Iraqi delegation holds trade talks in Lebanon
It was the first visit to Lebanon by an Iraqi team since the United Nations imposed economic sanctions on Iraq in 1990 following its invasion of neighboring Kuwait.
Lebanon-Iraq, Economics, 10/6/1997
European investment in Arab countries is $3.1 billion a year
Egypt alone got more than $1 billion, which represents about 32 % of the total investment in the Arab region.
Regional, Economics, 10/6/1997
Iraq pays $218 million for war compensation
A UN committee is studying requests from countries and companies that asked for the UN's permission to sign economic agreements with Iraq within the oil-for-food agreement, whose second phase is being implemented.
Iraq, Economics, 10/6/1997
Direct investment in Egypt is $900 million
Egyptian Minster of Economy Youssef Botrous Ghali expects the volume of direct investment in Egypt to reach $1.5 billion by the end of the current year due to the successful economic policies.
Egypt, Economics, 10/6/1997
US Banking and Marketing Association objects to Iraq and Libya's benefiting from its agreements
The director of the AABFS confirmed that all Arab countries can benefit from these Agreements because the AABFS is a member of the Arab Universities Federation, an offshoot of the Arab League.
Regional, Economics, 10/6/1997
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