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More Iraqi passengers to Damascus and UAE
Iraq has turned to Syria and the United Arab Emirates to facilitate Iraqi passengers' travel in an attempt to alleviate the sanctions imposed on the movement of the Iraqi people.
Iraq-Syria, Business, 1/10/1998
Kuwait is first in getting major event roling
According to the decision, which complies with the Arab Free Trade Zone executive program recently endorsed by the Arab League, Kuwait has reduced taxes on commodities of Arab origin by 10 percent
Kuwait-Regional, Economics, 1/9/1998
Trade agreement with Iraq renewed
Jordan was studying an Iraqi appeal to increase both the volume of the protocol between the two countries and the sum to be paid in cash in return for its oil imports from Iraq, a governmental source said.
Jordan-Iraq, Economics, 1/9/1998
Egypt in Barcelona Expo 98
The exhibition's management has allowed Egypt to set up food stands to offer typical Egyptian dishes to visitors.
Egypt, Business, 1/9/1998
Optimism surrounds Arab Free Trade Zone
Within a plan to boost Arab economic strength in order to strengthen the Arab states' position in international markets and cope with international trade liberation and the emergence of economic blocks, customs among Arab Free Trade Zone Agreement member countries will be reduced by 10% starting this month.
Regional, Economics, 1/8/1998
Egyptian oil production declines
Egyptian oil production declined by about 2.3% during the first 11 months last year, as it reached 38.5 tons compared to 39.42 million tons during the same period in the year before.
Egypt, Economics, 1/8/1998
Bank of Lebanon foreign currency reserves increase
The Central Bank of Lebanon said that its foreign currency reserves increased by $185.82 billion during the second half of December.
Lebanon, Economics, 1/8/1998
Number of red-brick factories on increase in Tunisia
Expansion in the Tunisian construction sector has led to an increase in the number and production of red-brick factories.
Tunisia, Business, 1/8/1998
Cairo chosen for banking conferences
The Arab Academy for the Financial and Banking Sciences (AAFBS) has decided to hold more than a third of its training programs during the current year in Cairo.
Egypt, Economics, 1/8/1998
9 companies ready to be privatized in Egypt
The Egyptian privatization plan through the past two years has included privatizing 76 companies, 32 of which were fully privatized.
Egypt, Business, 1/8/1998
Egypt participates in Iraq and Khartoum exhibitions
Egypt, Economics, 1/8/1998
Europe to help Jordan excute its economic policy
EU members will make room for Jordanian exports, and finance the execution of water, environmental, industrial and humanitarian aid projects, the two officials told reporters.
Jordan, Economics, 1/7/1998
Qatar to construct a conference center in Amman
Jordan's government has assembled a ministerial committee headed by the Foreign Minister and including the Public Works and Housing, Finance, Industry and Tourism, and Culture ministers to specify the proposed site for the project.
Jordan-Qatar, Economics, 1/7/1998
Jordanian trade delegation to visit Saudi Arabia
A Jordanian industrial, trade, and economic delegation will head to Saudi Arabia in February where it will meet with Saudi officials to discuss means of boosting economic and trade relations.
Jordan-Saudi Arabia, Economics, 1/6/1998
Syrian imports for the first half of 1997 totaled 20 billion Syrian pounds
Syria's imports through June 1997 are estimated at 19.153 billion Syrian pounds.
Syria, Economics, 1/6/1998
Syrian economy minister opens bank branch
Muhammad al-Imadi on Saturday inaugurated commercial Bank no. 3 in Damascus' Hariqa area, within the framework of the ministry's plan to expand and modernize banking services all over the country.
Syria, Business, 1/6/1998
Moussa: Asian crisis will not affect Egypt
Egyptian Foreign Minister Amr Moussa said that the financial crisis in southeast Asia will not affect Egypt, because Egyptian - Asian commerce is still a minor part of Egyptian trade exchange, although the planned investments from Asia to Egypt could be affected.
Egypt, Economics, 1/6/1998
Foreign companies thrive in Morocco
Total industrial production output of foreign industrial companies working in Morocco during the previous year reached $4.5 billion, which represents 32% of total Moroccan industrial production.
Morocco, Economics, 1/5/1998
Algerian condition and economy improving
The Algerian Minister of Trade Bakhty Balayeb stated that the economic condition of the country is satisfactory despite the crisis that Algeria is passing through, and he expressed confidence that terrorism will be dealt with and will be over in due course.
Algeria, Economics, 1/5/1998
Islamic Bank spent $1.67 billion on 189 projects
During the fiscal year 1997, the Islamic Bank for Development allocated US $1.671 billion for 189 operations in 38 member states and 11 Moslem communities in OIC non-member states, representing an increase of 16% over 1996.
Regional, Economics, 1/5/1998
Saudi 1998 budget up $3.73 billion from last year
The budget deficit is expected to be $4.8 billion, the same as last year and which will be covered by issuing development bonds through the national banks with the authorization of the Ministry of Finance.
Saudi Arabia, Economics, 1/5/1998
Promising potentialities for UAE natural gas
Gas production of the UAE is currently at 27.5 billion cubic meters per year while the gas reserves are about 5831 billion cubic meters, representing 4% of international gas reserves.
United Arab Emirates, Economics, 1/5/1998
Egyptian export volume increased
Egyptian exports to Asian countries increased by about 38.8% while exports to the South American countries increased by about 93% compared to last year's figures.
Egypt, Economics, 1/5/1998
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