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Weekly Edition, Economics  -  Week of July 13, 1998
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Arab Businessmen's Council calls for one visa for Arab states
The Arab Businessmen's Council presented a formal demand to the Arab League to issue a card for businessmen to facilitate obtaining visas necessary for travel in the Arab states.
Regional, Business, 7/18/1998

Lebanese pilots hold one-day strike
The company was able to move several flights, including one on one of its own planes to London and another on a plane leased from a French company to Paris. It found spots for many other passengers in planes affiliated to foreign companies working at Beirut International Airport.
Lebanon, Business, 7/18/1998

Algeria signs agreement with Boeing to purchase 10 airplanes
Algerian Airlines signed a transaction to modernize its fleet, which includes purchasing 10 Boeing airplanes worth $400 million under very confidential circumstances.
Algeria, Business, 7/18/1998

Spanish company services new ferry boat to Morocco
A Spanish private company will service next week a new ferry boat with a capacity of 1,000 passengers and 350 vehicles between southern Spain and the Moroccan occupied city of Melilia, in the north.
Morocco-Spain, Economics, 7/18/1998

Oman - private sector
Oman, Economics, 7/18/1998

Baghdad, Damascus to reopen trade bureaus
Syrian trade relations said that works are underway to reopen the Iraqi trade bureau in Damascus, while similar measures are being taken in Baghdad to reopen the Syrian trade bureau.
Syria-Iraq, Economics, 7/17/1998

Syria to establish trade school in Damascus
Syria-France, Business, 7/17/1998

Drop in trade between Egypt and Israel
The Israeli Central Bureau for Statistics announced yesterday a large drop in trade between Egypt and Israel during the current year.
Egypt-Israel, Economics, 7/17/1998

Gulf International Bank - profits
Bahrain, Business, 7/17/1998

Daewoo to produce 100,000 cars, one million TV sets in Morocco
The Daewoo group has injected a total of $400 million in the project that will provide permanent jobs to 5,700 persons.
Morocco, Business, 7/17/1998

Bahrain - Iraq aid
Bahrain-Iraq, Economics, 7/17/1998

Offers presented by four foreign companies to manage Egyptian customs
Mohieddin El-Gharib, the Egyptian minister of finance, announced before the assembly of the investors for 10th of Ramadan City that the Cabinet will receive offers presented by four foreign companies from the private sector to manage Egyptian customs within the coming 10 day so one of these companies or more than one can be chosen to perform this task.
Egypt, Economics, 7/17/1998

Egypt - U.S. discuss subsidy program, Strategic Dialogue established
US - Egyptian discussions on the future of the US subsidies program began today on the basis of converting economic relations into a trade driven relations rather than being based on subsidies that account for $2.1 billion.
Egypt-USA, Economics, 7/16/1998

Rabat and Tunis decide to intensify cooperation
Morocco and Tunisia, whose high joint commission wound up a two-day session in Tunis on Thursday, decided to intensify cooperation in various fields.
Tunisia-Morocco, Economics, 7/16/1998

Syria modernizes its economy to comply with European partnership agreement
Syria is leaning toward more openness and economic liberalization. In this era, it has embarked on the support given by the European Union, especially technical aid, so as to improve its economy to the needed level in order to sign a partnership agreement with the 15 member states of the European Union.
Syria-European Union, Economics, 7/16/1998

Alexandria's San Stefano hotel sold to Prince Al-Walid group
An Arab - Egyptian group secured a deal to buy the property of San Stefano Hotel in Alexandria at a cost of 270 million pounds ($79.6 million).
Egypt, Business, 7/16/1998

Beirut to host November banking conference
Beirut is due to host a banking conference in November, which 400 banking officials and experts will attend to discuss trends in the Arab banking industry in confronting international variables and the challenges of globalization.
Regional, Economics, 7/16/1998

Qatar - refinery improvements
Qatar, Business, 7/16/1998

Direct foreign investments in Morocco doubled in 1997
Foreign direct investments in Morocco have doubled in 1997 totalling more than $1 billion, according to the UN Economic and Social Council which is meeting here.
Morocco, Economics, 7/16/1998

Syrian - Iraqi oil pipelines to be opened very soon
Iraqi Oil Minister Amer Muhammad Rashid said that Iraq and Syria signed on Tuesday an agreement providing for reopening oil pipelines to transfer Iraqi oil to the Syrian port of Banias.
Iraq-Syria, Economics, 7/15/1998

Moroccan-Tunisian bilateral commission debates ways to boost cooperation
The Moroccan-Tunisian high joint commission opened in Tunis on Wednesday to debate ways of promoting economic cooperation between the two Maghreban countries.
Tunisia-Morocco, Economics, 7/15/1998

Russian delegation to Sanaa today
A governmental delegation from the Russian Federation is arriving today in the Yemeni capital, Sanaa, headed by the head of the external debt department in the Russian Ministry of Finance, Semid Nof, for a three-day visit to Yemen.
Yemen-Russia, Economics, 7/15/1998

Tunisian president takes measures to end unemployment in Tunisia
In concluding the "National Symposium of Employment" in Tunis, Tunisian President Zien El-Abadin Bin Ali confirmed the importance of putting an end to the unemployment problem in Tunisia and opening horizons before the new generations.
Tunisia, Economics, 7/15/1998

Arab banks profit up $5.5 billion in 1997
The profits of the Arab banks inscreased 5.5 billion dollars in 1997. The secretary general of the Arab Banking Union Adnan El-Hendi said that 1997 was the most distinguished year for the Arab banks in that they underwent a great expansion in services
Regional, Economics, 7/15/1998

Indonesia gets $20 million guarantee on exports from Islamic bank
The Islamic Development Bank has agreed to extend to the Indonesian Exporters Association (GPEI) a $240 million guarantee on letters of credit for exports to the Middle East, Indonesia's news agency reported.
Regional-Indonesia, Economics, 7/15/1998

Libya, Chad sign oil accord
Libya-Chad, Economics, 7/15/1998

Jordan sends aid to Sudan
Jordan-Sudan, Economics, 7/14/1998

Oman - jobs
Oman, Economics, 7/14/1998

Iraqi oil minister discusses in Damascus reopening pipelines
Iraqi Oil Minister Amer Muhammad Rashid started talks in Damascus on Sunday night with his Syrian counterpart Muhammad Maher Jamal on means of strengthening cooperation in the oil sector.
Syria-Iraq, Economics, 7/13/1998

39 Iraqi contracts approved
The United Nations has ratified 39 oil contracts submitted by Iraq under the fourth phase of its oil-for-food deal with the world body, a UN official said yesterday.
Iraq, Economics, 7/13/1998

Saudi economic examines progress on Egyptian projects
A Saudi economic delegation headed by Mohammad Bin Abdallah al-Soukair, the general manager of the Saudi fund for development and investment, observed progress on the implementation of Egyptian projects financed by a Saudi donation of $500 million.
Egypt-Saudi Arabia, Business, 7/13/1998

Bahrain - power use
Bahrain, Economics, 7/13/1998

Qatar National Bank profits
Qatar, Business, 7/13/1998

Oman bank restructure
Oman, Business, 7/13/1998

Somalia: Gaddafi pledges to pay costs of capital's administration
Former Somali President Ali-Mahdi Mohammed said that Libyan President Moammar Gaddafi promised to pay all the necessary costs for the administration of the Somali capital, Makadishu.
Somalia-Libya, Economics, 7/13/1998

African Bank for Development has granted the Algerian national company $144.5 million
Algeria, Economics, 7/13/1998

Mediterranean conference on tourism and environment held in Tunisia
North Africa-European Union, Economics, 7/13/1998

Iraqi oil minister arrives in Damascus
Syria-Iraq, Economics, 7/13/1998


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