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Algeria puts 300 public establishments up for sale
Despite the wave of violence which it is currently witnessing, Algeria has managed to overcome its financial dilemma as a result of the practical procedures adopted by the Algerian authorities in the economic and financial fields.
Algeria, Economics, 12/13/1997
Extensive plan to reform Tunisian banking system
There is a movement in Tunisia advocating carrying out an extensive reform plan in the national banking system in order to cope with the changes resulting from comprehensive integration with the European Union.
Tunisia, Economics, 12/13/1997
19 investment projects discussed.
Government officials and businessmen from the Gulf Cooperation Council's member states ended a two-day meeting in Muscat on investment opportunities in Oman.
Oman, Economics, 12/13/1997
Cairo refuses joint free industrial zone with Israel
Egypt has refused a proposal to establish a joint free industrial zone with Israel similar to the free zone established between Israel and Jordan.
Egypt-Israel, Economics, 12/13/1997
US donor organization's vice president visits Egypt today
The U.S. donors organization vice president Sally Shulton arrives in Cairo today on a 5-day visit to Egypt.
Egypt, Economics, 12/13/1997
Security preparations for New Year's Eve, Ramadan
Intensive security measures will be implemented over the next few weeks leading up to News Year's Eve celebrations and the Muslim holy month of Ramadan.
Egypt, Economics, 12/13/1997
Merger between sugar producing companies in Morocco
Sources in the Moroccan Ministry of Trade said that three Moroccan sugar producing companies have merged into one company, called Sorak.
Morocco, Economics, 12/13/1997
Tunisia: $1.8 billion trade deficit
Commercial exchanges in Tunisia in the first 9 months of year this totaled $4.415 billion concerning exports and $6.225 billion dollars concerning imports, a shortage of $1,809 million.
Tunisia, Economics, 12/13/1997
Trade exchange between Iraq and UAE $400 million annually
The Iraqi Minister of Trade is currently visiting the UAE as he heads an official Iraqi delegation that is participating in the Arab-African Cooperation Seminar which is held in Sharja.
Iraq-United Arab Emirates, Economics, 12/12/1997
Newly introduced economic reforms in Syria
Syria has embarked on a new policy to maintain economic reforms, focusing on four principles: a larger role for the private sector, a new focus on exports,
reduced restrictions on imports, and restoring the balance in the macro-economic framework.
Syria, Economics, 12/12/1997
Egyptian-Saudi committee meets next April
The committee will discuss the necessary steps for setting up the free trade zone between the two countries and for boosting the two countries' relations in a number of fields.
Egypt-Saudi Arabia, Economics, 12/12/1997
Economic Cooperation Between Libya and China
The Chinese Undersecretary confirmed that China is helping the Libyan people in facing the sanctions imposed on Libya
Libya, Economics, 12/12/1997
Terrorism has cost Algeria $16 Billion
Algerian terrorist attacks on the economy cost Algeria up to $16 billion US in five years of conflict to the end of 1996, according to the main trade union quoted yesterday by national newspapers.
Algeria, Economics, 12/12/1997
The World Bank supports the Palestinian Non-Governmental Organizations
the World Bank (WB) signed an agreement with the Cooperation Establishment through which the latter will run this project whose budget is $14.5 million
Palestine, Economics, 12/12/1997
Boosting Trade Between Algeria and United Arab Emirates
The Algerian Minister of Trade Bakhty Balayeb confirmed that this visit aims to identify investment and trade opportunities available in the two countries
Algeria-United Arab Emirates, Economics, 12/12/1997
Bahrain power plant
Bahrain, Economics, 12/12/1997
Terrorist attacks negatively affect foreign investment in Algeria
Algeria, Economics, 12/12/1997
Financial protocol between France and Syria
The protocol, worth 150 million francs, will be used in financing 6 projects in the field of irrigation, electricity, and the advanced technologies.
Syria, Economics, 12/12/1997
Yemen prepares to set up stock market
Discussions are underway with Arab stock markets and the Arab Monetary Fund to assist Yemen in establishing the basis and rules of the Yemeni stock market.
Yemen, Economics, 12/11/1997
Four billion dollar electrical project between Arab countries and Europe
A European group had allocated $4 billion to finance an electrical connection project between the Arabian networks and Europe in the next two years.
Regional, Economics, 12/11/1997
Europe to tax Egyptian cotton
The European commission has imposed new taxes on Egypt's bed sheets exported to European market, in a move likely to effect Egyptian cotton.
Egypt, Economics, 12/11/1997
UAE oil revenues increase by $1.4 billion
The UAE's quota increased from 2.161 million barrels per day to 2.366 barrels per day, an increase of 205 thousand barrels a day.
United Arab Emirates, Economics, 12/11/1997
The Sudanese minister of commerce to visit Cairo next January
Talks will address economic, investment, and commercial cooperation between the two countries.
Sudan-Egypt, Economics, 12/11/1997
35,000 employees pensioned off
25,000 among them were extra employees while the rest do not have required experience.
Yemen, Economics, 12/11/1997
Palestinian development and housing bank
The Palestinian Development and Housing Bank is ready to begin working in the Palestinian self-rule areas with a capital of 50 million dollars.
Palestine, Economics, 12/11/1997
Private power plant developed in Syria
It is the first power project to be undertaken by the private sector in Syria and is expected to be operational by the year 2,000
Syria, Business, 12/10/1997
Morocco allocates 3 billion for fishing sector
Morocco decided to allocate 3.56 billion dirhams to revive and develop its fishing sector in the southern areas
Morocco, Economics, 12/10/1997
Jordan studies its need for Iraqi oil
Jordan is trying to assess the amount Iraqi of oil need each year in preparation for the start of negotiations with Iraqi officials to renew an annual agreement in this concern.
Jordan-Iraq, Economics, 12/10/1997
18 countries agree to establish Arab commercial zone
Rashid said that so far no objections have been made by any Arab country about the source of certificates for the Arab goods or the descriptive measures for goods.
Regional, Economics, 12/10/1997
Economic transition
Public Enterprise minister Dr. Atef Ebied on Thursday night highlighted Egypt's transition from a centrally planned economy to the market style.
Egypt, Economics, 12/10/1997
Egyptian manpower for Libya and Jordan
Egypt's Ministry of Manpower and Immigration Tuesday started to receiving applications from Egyptians seeking jobs in Jordan and Libya, a ministry source said.
Regional-Egypt, Economics, 12/10/1997
Symposium to preserve Arab technology transfer property
Participants in the Arab symposium for concession and technology transfer rights recommended the formation of a united Arab law on concession and technology transfer rights, an Arab conference for electronic trade via the Internet and improvements in Arab industries.
Regional-Jordan, Business, 12/10/1997
Electrical connection between Gulf Cooperation Council Countries costs $1.3 billion
The Ministers of Electricity and Water in the GCC countries held an emergency meeting in Riyadh in which they discussed the suggestions on the electrical connection project among the GCC countries.
Gulf Region, Economics, 12/10/1997
Libyan leader calls for increasing investments in Egypt and Sudan
Gaddafi called for increasing Libyan revenue from tourism and increasing the number of the exported commodities other than oil products. He asked all Libyans to combat corruption and bribery.
Libya, Economics, 12/9/1997
Syrian - Kuwaiti committee met on economic cooperation
The committee has discussed many work papers which include aviation, transport, tourism, culture and education besides debating investment possibilities in Syria and the working mechanism of the Kuwaiti Holding Company.
Syria-Kuwait, Economics, 12/9/1997
Yemeni government ratifies 1998 budget
The expenditures in this budget were 350.35 billion Yemeni riyals with an increase of 36.67 billion over last year's expenditures.
Yemen, Economics, 12/9/1997
Egyptian - Iraqi exchange
Mohamed Mahdi Saleh the Iraqi trade minister said he expects serious steps over the coming period to further trade links between his state and Egypt.
Egypt-Iraq, Economics, 12/9/1997
Morocco tries not to renew fishing treaty with Europe
The European Union will compensate Morocco with 140 million eco ( 1.5 billion dirham). This amount includes permit costs for fishing in Moroccan territorial waters.
Morocco, Economics, 12/8/1997
Jordan supplies Israel with water
"Jordan is to supply Israel with 10 million cubic meters of water from Wadi Araba district as an implementation of Wadi Araba Agreement", said Jordainan irrigation minister Munzir Hadadin.
Jordan, Economics, 12/8/1997
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