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Weekly Edition, Economics  -  Week of July 27, 1998
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Anxiety over King Hussein's health causes currency pressure
The American dollar has viewed a sharp increase in Jordan, where hundreds of Jordanians began to change the dinars into dollars, due to their anxiety over the health of the Jordanian monarch, King Hussien.
Jordan, Economics, 7/31/1998

New 150 million pounds Egyptian investment company
A combined Egyptian, Arab and foreign investors group obtained approval in Egypt to establish a financial holding company with an authorized capital of 150 million pounds ($44.7 million).
Egypt, Business, 7/31/1998

Moroccan social minister calls employers, trade unions to avert strikes
Morocco's minister of social development, solidarity, employment and vocational training, Khalid Alioua, called Thursday on employers and trade unions to resolve their disputes and avert strikes that affect the workers' material situation and the country's economy.
Morocco, Economics, 7/31/1998

Egypt - Germany trade is 706 billion Deutchmarks
Peter Dingiz, Germany's ambassador in Cairo, praised yesterday Germany's close relations with Egypt in varying fields, adding that his country is the second-largest commercial partner for Egypt after the U.S.
Egypt-Germany, Economics, 7/31/1998

Bahrain - phone costs lowered
Bahrain, Business, 7/30/1998

Jordan - economic plan
Jordan, Economics, 7/30/1998

French agency says it is Morocco's major partner in development efforts
The French Development Agency said it contributed to Morocco in the 1992-1997 period, some 3.4 billion French Francs, being thus the Kingdom's major partner in its development efforts.
Morocco-France, Economics, 7/30/1998

Tunisian workers abroad transfer $5 billion
In statistics, the Tunisian Central Bank estimated that Tunisian workers abroad have transfered nearly $5 billion during the last ten years. In recent statistics the volume of transfers last year were estimated at $760 million.
Tunisia, Economics, 7/30/1998

Iraq increases oil exports
Iraq, Economics, 7/29/1998

Iraq: US objections will not stop Iraq- Syria oil pipeline
Iraqi Foreign Minister Muhammad Saeed al-Sahaf has stressed his country's support for operating the Iraqi oil pipeline through Syria and completing the equipment needed for this procedure.
Iraq-Syria, Economics, 7/29/1998

Ambitious Egyptian plan for developing the Suez Canal
Admiral Ahmed Fadel, the executive chairman for the Suez Canal, announced an ambitious Egyptian plan for developing the Suez canal.
Egypt, Economics, 7/29/1998

Citibank closes in Khartoum
Sudanese sources told ArabicNews.com that the doors of a US bank working in Khartoum were closed after a dispute with the Sudanese Central Bank.
Sudan, Economics, 7/29/1998

Dubai - exports
United Arab Emirates, Economics, 7/29/1998

Oman - sugar refinery
Oman, Business, 7/29/1998

Muscat trade fair to start in September
The 5th Autumn Trade Fair, organized by Oman International Exhibition Center from September 28 to October 4, 1998, will showcase a wide range of consumer goods, notably furniture, foodstuffs, garments, electric goods, home appliances, chandeliers, carpets, handicrafts, cosmetics and jewelry.
Oman, Business, 7/29/1998

Iraqi - Egyptian contracts for exchanging the agricultural products.
The Iraqi ministry of agriculture signed 5 contracts with Egyptian companies for 23 million pound ($7 million dollars), within the fourth stages of the understanding note, signed between Iraq and the Untied Nations.
Iraq-Egypt, Economics, 7/29/1998

Morocco and Niger sign cooperation protocol in water resource management
Morocco and Niger concluded on Tuesday in Rabat a cooperation protocol in matters of water resource management.
Morocco-Niger, Economics, 7/29/1998

Iranian - Egyptian cooperation in exports
The Egyptian Company for Guaranteed Exports has agreed with three Iranian banks to cooperate in guaranteeing Egyptian exports to Tehran.
Egypt-Iran, Economics, 7/29/1998

Marhag: Lebanon will benefit from opening of Syrian/Iraqi pipeline
Lebanon, Economics, 7/29/1998

New Israeli-Jordanian tourism project
Jordanian Minister of Tourism and Antiquities Aqel Beltaji has announced that the Jordanian government approved the establishment of an Israeli-Jordanian tourism project at a cost of US $400 million between Aqaba and Eilat cities.
Jordan-Israel, Economics, 7/28/1998

210,000 unemployed in Israel may effect Netanyahu's fate
In the month of May, unemployment in Israel surged to a five year peak level: 9.3% of the population is out of work.
Israel, Economics, 7/28/1998

Omani delegation met here Monday with Pakistani prime minister
An Omani delegation met in Lahore on Monday with Pakistani Prime Minister Nawaz Sharif to discuss the possibility of constructing and taking over management of motorways in Pakistan, reported the Pakistani news agency.
Oman-Pakistan, Business, 7/28/1998

Greater coverage area for mobile phone networks
The Moroccan telecommunications office "Ittisalat Al-Maghrib" launched on Monday programs for the extension of mobile phone networks.
Morocco, Business, 7/28/1998

Ghali: Egypt wants to be among world's top ten financial centers
Egypt, Economics, 7/28/1998

Muscat Securities Market - International Finance Corporation
Oman, Economics, 7/27/1998

Arab - Latin American economic ties needs strengthening
Under the auspices of Egyptian Prime Minister Kamal Ganzouri, Cairo recently hosted the first Arab - Latin American symposium for economic relations.
Regional, Economics, 7/27/1998

Jordan - WTO
Jordan, Economics, 7/27/1998

Agreement contract signed today at the foreign minister
An agreement contract was signed today at the foreign minister between the Egyptian Fund for Technical Cooperation with Bosnia.
Egypt-Bosnia, Business, 7/27/1998

Iraq signs 48 contracts to export oil
Iraq, Economics, 7/27/1998

Spanish government approves cinema agreement with Morocco
Morocco-Spain, Business, 7/27/1998

Moroccan - Tunisian trade should be included in Maghreban market
"Morocco and Tunisia should tackle the issue of their bilateral trade in the frame of a Maghreban market," said Chairman of the Moroccan association of entrepreneurs "CGEM," Abderrahim Lahjouji.
Morocco-Tunisia, Economics, 7/27/1998

Britain promotes investment in Egypt
The Egyptian Businessmen's Council said that a delegation of British businessmen representing 100 British companies working in various commercial and economic fields will visit Cairo during November.
Egypt-UK, Economics, 7/27/1998


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