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Middle East to provide a third of Asia's gas supplies by 2010
Only two Middle Eastern countries are currently LNG producers, Qatar and the United Arab Emirates (UAE), with an output of nearly 4.4 million tons a year each, sold mainly in Japan, the world's top importer of LNG.
Regional, Economics, 10/25/1997
Brokerage companies object to recent decisions
The companies objected to these regulations, which require the managing director and most of the members of the board of directors of the company to have at least 7 years of experience
Egypt, Business, 10/25/1997
Arab Institution for Insuring Investment announces 4 projects in Arab countries
The first project is a private internal airline company in Sudan with one 127-X plane.
Regional, Business, 10/25/1997
Health workers strike in Jordan
Jordan, Business, 10/25/1997
UAE: trade surplus with Gulf Cooperation Council countries
The UAE achieved a surplus in its trade balance with the Gulf Cooperation Council countries worth 255 million dirhams last year compared to a 365 million dirham deficit in 1995.
United Arab Emirates, Economics, 10/25/1997
French fund for investment in Arab countries
The French group "Societe General" decided to set up a $50 million investment fund which will be used in buying shares in some companies in Arab countries like Egypt, Lebanon, Jordan, Bahrain, and Oman.
Regional, Economics, 10/25/1997
Arab Bank returns Palestinian savings deposited in 1930
Palestine, Economics, 10/25/1997
Cooperation between Egypt and Malawi
These agreements are the first ones between the two countries in the economic and technical fields, which will give great opportunities for Egyptian businessmen to set up investment projects in Malawi.
Egypt, Economics, 10/25/1997
Cairo World Bank office to represent Middle East
The World Bank will turn its Cairo office into a Middle East regional representation office at the beginning of 1998, the Foriegn Affairs Ministry said yesterday
Egypt, Economics, 10/25/1997
$450 million trade deficit in 6 month
Osman El Hadi Ibrahim, minister of foreign trade for the National Islamic Front (NIF) government, attributed the deficit to the shortage of exports and expansion of imports.
Sudan, Economics, 10/25/1997
Egyptian trade center in Bahraini capital
Egypt-Bahrain, Economics, 10/25/1997
Better civil aviation guidelines and tourism
The council entrusted a working team grouping Kuwait, Egypt and Saudi Arabia with examining problems delaying the issuance of unified Arab traffic guidelines.
Regional, Economics, 10/24/1997
Oman
Oman, Economics, 10/24/1997
Oman to host economic conference
The aim of the conference is to provide delegations with the opportunity to meet with leaders from business, government and academia in order to discuss a whole range of economic global issues that will have impact on the economies of the Gulf region.
Oman, Economics, 10/24/1997
Lebanese public debt decreases by about 75 billion liras
The Lebanese actual public debt decreased by about 75 billion liras ($48 million).
Lebanon, Economics, 10/24/1997
Debts of 80 companies to be settled
The debts of 80 companies are L.E. 8 billion and that the companies will hold negotiations with the banks to settle the debts of 65 companies through separate negotiation with each company.
Egypt, Business, 10/24/1997
GCC looks at Kuwaiti plan
Gulf Cooperation Council (GCC) planning ministers discussed a Kuwaiti proposal concerning a long-term development plan covering the year 2000 to 2025.
Gulf Region, Economics, 10/24/1997
Saudi health care exhibition in Jeddah
240 exhibitors representing 400 leading names in health care are taking part in the five-day show being held under the patronage of the Health Ministry.
Saudi Arabia, Business, 10/24/1997
Labor group to stage warning strike
A statement issued by the group demanded immediate steps be taken by the government towards improving living conditions and tending to the economic crisis "which threatens to have dangerous repercussions on more than one level."
Lebanon, Economics, 10/24/1997
UAE allows foreign investors to own 40% of Al Tawila station
The Electricity and Water Committee in Abu Dhabi finished its study to select the companies that will compete to build Al Tawila Station, which is the first private sector project in the field of generating electricity to be carried out by foreign investors.
United Arab Emirates, Business, 10/23/1997
An American company will run first fund in Jordanian dinars
The director of the Jordanian Bank of Housing which announced the public subscriptions in the fund after it was registered in Bahrain, said that the fund will focus its operations in the Jordanian Stock Market.
Jordan, Business, 10/23/1997
Trade exchange among Gulf countries improves
The volume of trade exchange between the Gulf Cooperation Council (GCC) countries is expected to soar during the coming period, especially after applying the recommendations ratified by the GCC Ministers of Industry.
Gulf Region, Economics, 10/23/1997
Copyright violators get punishments
Saudi Arabia, Business, 10/22/1997
Arab transport ministers meet
Regional, Economics, 10/22/1997
Palestinians declare Jericho disaster zone
The Palestinian Authority yesterday stated the west bank town Jericho a disaster area after sudden rainstorms destroyed 52 homes and large tracts of crop land. PLO officials said.
Palestine, Economics, 10/22/1997
Qatar is very optimistic about Mena
"Taking part in the conference would not hurt but would greatly help since the world will come to realize that Arab countries are still seeking to achieve peace while the opposite party is seeking to destroy the level of peace already achieved," the Qatari Foreign Minister said.
Qatar, Economics, 10/21/1997
Three billion Saudi riyals invested in pharmaceuticals
Saudi Arabia, Business, 10/21/1997
UNDP symposium on October 29
The UN Development Program, together with the Ministry of Planning and International Cooperation, will arrange a plenary symposium on global partnership and new approaches to mechanical development.
Egypt, Economics, 10/21/1997
The results of the 7th annual Arab businessmen and investors meeting
The secretary general and assistant of the meeting, Emil Ghantous, said the conference affirmed the importance of the establishment of a common Arab market and a big Arab duty free zone.
Regional, Economics, 10/21/1997
Arab investment conference in Beirut underlines Arab divisions
Syria's prime minister lashed out in a speech at the Doha conference, saying Israel must not be allowed to be rewarded for its "aggressive" policies against the Arabs by holding such a conference. Qatar's envoy protested and a spat ensued that had Lebanese President Elias Hrawi interfering to ask the Qatari to "please sit down."
Regional, Economics, 10/20/1997
Economic steps towards integration at Gulf summit in Kuwait
Leading the agenda is the formulating a new industrial policy for the GCC countries that would achieve the needed progress and which would replace their dependence on the oil industries.
Gulf Region, Economics, 10/20/1997
Qatar and Dubai in talks over gas pipeline
The pipeline would supply Dubai with gas from Qatar's giant offshore North Field, said Nasser Jaidah, new venture director at Qatar's General Petroleum Corporation. :"The gas pipeline could see the light if we agree on the prices," he added.
Qatar-United Arab Emirates, Economics, 10/20/1997
Food fair planned
Kuwait, Business, 10/20/1997
Czechs call on Kuwaitis to invest in their state
Kuwait, Economics, 10/20/1997
Baalbek public park reopens with Japanese help
Efforts to revive the Baalbek area were given a boost as the Raas al Ain park was inaugurated by the Japanese ambassador to Lebanon.
Lebanon, Economics, 10/20/1997
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