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Weekly Edition, Economics  -  Week of October 12, 1998
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South African businessmen discuss increasing trade with Egypt
Bruce Colowani, the commercial attache for south Africa's embassy in Egypt, said that a delegation of businessmen from South Africa will hold important commercial discussions in Cairo during the period from October 26 - 28.
Egypt-South Africa, Business, 10/17/1998

Morocco and Saudi Arabia plan to conclude new trade and tariffs agreement
Moroccan Minister of Industry, Trade and Handicraft Alami Tazi reviewed in Rabat with Saudi ambassador in Morocco, Majed Kabbani, means to consolidate bilateral cooperation, mainly the conclusion of a new trade and tariffs trade.
Morocco-Saudi Arabia, Economics, 10/17/1998

Morocco is looking for new formulas for fishery partnership
Moroccan Foreign Minister Abdellatif Filali said Morocco is looking for new formulas for cooperation in fisheries with Spain and other interested circles.
Morocco, Economics, 10/17/1998

Commercial relations between Egypt and Algeria developing
The joint statement from the meetings of the Algerian - Egyptian joint committee was signed yesterday under the chairmanship of Egyptian Minister of Trade and Supply Ahmed Goweili and his Algerian counterpart, Belaid Bekhti.
Egypt-Algeria, Economics, 10/17/1998

US leading businessman says Morocco is a strong ally in peace and business
US leading businessman, Lester Pollack, stressed that interest in Morocco is growing both among business people and people in the government of the USA.
Morocco-USA, Business, 10/17/1998

One million Egyptian peasants to cultivate Libyan lands
In press declarations today, the coordinator of youth foreign relations for the revolution committee's movement, Rafea El-Madani, said that Libyan Leader Moammar Gaddafi announced Libya's great need for one million Egyptian peasants to cultivate and possess Libyan lands on the "Great Man Made River."
Egypt-Libya, Economics, 10/17/1998

Establishing three electrical stations in Sinai
Egypt, Business, 10/17/1998

Moroccan minister and international institute meet over quality control
Moroccan Minister of Industry, Trade and Handicraft Alami Tazi reviewed here Friday with a delegation of the Interterk Testing Service (ITS) partnership projects in quality control.
Morocco, Business, 10/17/1998

Morocco expects tourists to exceed 2 millions this year
Morocco is expecting to exceed 2 million tourists this year and is poised to regain its share of the British tourism market, since in the first eight months of this year, 76,000 British tourists visited Morocco, said a Moroccan executive.
Morocco-UK, Economics, 10/17/1998

Suez Canal's income decreases
Egypt, Economics, 10/17/1998

US commercial delegation visits Riyadh
Saudi Arabia-USA, Business, 10/17/1998

Real estate bonds worth LE 150 million issued by Egyptian Arab Bank
Egypt, Business, 10/17/1998

Egyptian National Bank's profits are LE 300 million
The profits of the Egyptian National Bank reached LE 300 million, an increase of 50% over last year. The total deposits recorded an increase of LE 2.4 billion to reach LE 46.5 billion.
Egypt, Business, 10/16/1998

Japan and Syrian, Middle East economic relations
Japan's exports to the Middle East were worth about US $14 billion, which shows an increase of over 26% compared to the figures from 1996. " This increase was mainly due to the yen's appreciation and the decline of oil prices," he said, adding, "The share of Japanese exports to the Middle East was a little more than 3%" of total Japanese exports.
Syria-Japan, Economics, 10/16/1998

COMESA symposium coming in Egypt
Egypt's assistant foreign minister for African affairs, Ibrahim Hassan, said yesterday that Egyptian Foreign Minister Amr Moussa is going to organize a symposium on "Egypt and the COMESA: New horizons for trade and investment."
Egypt, Economics, 10/16/1998

Morocco's phosphate exports reach $1.5 billion in 1997
Morocco's phosphate exports increased by 10.5 percent in 1997 over 1996, allowing the north African nation to become again the world leader in the industry, ahead of the United States, whose exports dropped by 8.9 percent.
Morocco, Economics, 10/16/1998

BMW Middle East recall
Regional, Business, 10/16/1998

Morocco and Thailand agree to foster air transport cooperation
Morocco and Thailand agreed to foster cooperation in matters of air transport under an accord concluded in Rabat on Friday.
Morocco-Thailand, Business, 10/16/1998

German group to administrate first five-star hotel in Ajman
The German Kempinski Group started yesterday in administrating its first hotel in the Middle East. Rito Wittwer, the head of Kempinski group said in press declarations that his group will also inaugurate three other projects in the United Arab Emirates.
United Arab Emirates, Business, 10/16/1998

$20 million dollars from Egyptian banks for COMESA countries
Egypt, Economics, 10/16/1998

Gulf Air schedules daily flights to Amsterdam
United Arab Emirates, Business, 10/16/1998

LE 450 million for tourist project in El-Natron valley
The Egyptian Cabinet agreed yesterday on the tourists project "Nabe El-Hamra" in El-Natron valley in El-Buhayrah governerate, 90 kilometers away from Cairo, with investments worth LE 450 million.
Egypt, Economics, 10/16/1998

Exporting 400 thousand tons of Egyptian rice this year
Egypt, Economics, 10/16/1998

Moroccan premier ends Hungary visit with trade agreements signed
Morocco's "BMCE" bank and Eximbank, a Hungarian state bank, also signed an accord for the opening of a $ 25 million-worth credit line to finance trade between the two countries.
Morocco-Hungary, Economics, 10/15/1998

Iraq replaces Aqaba with Syrian, Dubai ports for its imports
Chairman of the Jordanian al-Na'ouri companies has said that Syria has offered facilities in using the Syrian ports for shipping Iraq commodities, a matter which has caused the Jordanian Aqaba port the loss of a great share of Iraqi commodities after being the western gate of Iraq to the world since the 1970s.
Jordan, Economics, 10/15/1998

60 Egyptian companies take part in Baghdad international fair
The manager of Egyptian trade center in Baghdad, Awni Hasem, said that 60 Egyptian companies are to take part in the international fair of Baghdad, beginning on November 1.
Egypt-Iraq, Economics, 10/15/1998

Egyptian minister of trade visits Algeria today
Egyptian Minister of Trade and Supply Ahmed Goweili will start a three-day visit to Algeria today in which he will discuss with Algerian officials the establishment of a free trade zone between the two countries and the methods capable of encouraging trade movement them.
Egypt-Algeria, Economics, 10/15/1998

Iran, Tunisia discuss bilateral relations
Iranian Minister of Labor Hussein Kamali on Wednesday in Tehran discussed with the Tunisian Minister of Social Affairs Shazli Nafani in the areas of technical and vocational education and qualification courses for workers.
Tunisia-Iran, Economics, 10/15/1998

Tunisia imports 170,300 tons of sugar
Statements released by the Tunisian minister of agriculture confirmed that Tunisia imported 170,300 tons of sugar valued at 64.2 million dinars ($60.1 million) during the first seven months of the current year.
Tunisia, Business, 10/15/1998

German businessmen in Morocco
Morocco-Germany, Business, 10/15/1998

Morocco and Benin to step up cooperation in leather industries
Morocco counts about 270 leather processing units employing 15,000 persons. In 1997, they produced about $300 million worth of shoes that were exported mostly to European union countries.
Morocco-Benin, Business, 10/15/1998

Tunisian budget at $8.8 billion in the coming year
Tunisia, Economics, 10/15/1998

Moroccan Businessmen in Abidjan in November
A delegation of Moroccan businessmen is to pay a visit to the Ivory Coast (Cote d'Ivoire) next November for talks with local peers on means to upgrade cooperation and partnership in the frame of the new trade and tariff convention concluded by the countries.
Morocco-Cote D'Ivoire, Business, 10/15/1998

Moroccan businessmen called to invest in Egypt
Chairman of the Egyptian investment and free trade body, Brahim Faouzi, called on Moroccan business to enhance investments in his country.
Egypt-Morocco, Business, 10/15/1998

Real estate and hotels bank posts net profit of $ 15.4 million
Moroccan real estate credit bank "CIH" says it posted in 1997 a net profit of 141.9 million DH ($ 15.4 Mln) and disbursed four billion dh ($ 434.7 Mln) for the building of 27,648 houses and purchase of 4,953 land plots.
Morocco, Business, 10/15/1998

Forming Egyptian - Indian works council
The first Egyptian - Indian joint works' council is to be formed to serve businessmen and advance trade movement between the two countries.
Egypt-India, Economics, 10/15/1998

EU ambassador denies embargo on Egyptian potatoes
Egypt-European Union, Economics, 10/15/1998

Jordanian minister of energy to visit Baghdad soon
Sources in the Iraqi Ministry of Energy and Mineral Wealth said today that Jordanian Minister of Energy Hani Mulki will visit Baghdad soon to head the meetings of the Iraqi - Jordanian joint committee that will be held soon in the Iraqi capital.
Iraq-Jordan, Economics, 10/14/1998

Spanish businessmen in Morocco next week
Morocco, Business, 10/14/1998

Kuwait to head Gulf Cooperation Council committee meetings tomorrow
Gulf-Kuwait, Economics, 10/14/1998

Italian company to supply Egyptian natural gas to Palestine
Italian Hydrocarbons Holding "ENI" and the Palestinian government signed Monday in the west bank town of Ramallah a long-term agreement under which the Italian holding will supply the Palestinian autonomous territories with natural gas.
Palestine-Egypt-Italy, Business, 10/13/1998

Egyptian - Iranian commercial discussions
A delegation from the Egyptian company for guaranteeing exports to Tehran is heading soon to finally agree with three Iranian banks on cooperation in the field of guaranteeing Egyptian exports to Tehran.
Egypt-Iran, Economics, 10/13/1998

Kempinski hotel opens in Ajman
United Arab Emirates, Business, 10/13/1998

Iran companies look into Saudi construction
Saudi Arabia-Iran, Economics, 10/13/1998

Oman - amusement park
Oman, Business, 10/13/1998

Living cost index up 3.1 percent during first eight months
Morocco, Economics, 10/13/1998

US companies renew investments in Lebanon
Lebanon-USA, Economics, 10/13/1998

Egyptian minister of supply heads to Algeria tomorrow
Egyptian Minister of Supply Ahmed Goweili is heading tomorrow a delegation of businessmen to Algeria, where he will meet with Algerian Minister of Supply Belaid Bakhti.
Egypt-Algeria, Economics, 10/13/1998

Egyptian exports to Lebanon worth $16.3 million
Egypt-Lebanon, Economics, 10/13/1998

Spanish - Egyptian agreement for drilling petroleum
Egypt, Business, 10/13/1998

Meeting of Iraqi - Egyptian committee coming in November
Egypt-Iraq, Economics, 10/13/1998

A new oil field in the neutral area between Kuwait and Saudi Arabia
An official in the Saudi Texaco company has announce that a new oil field was discovered in the neutral area between Saudi Arabia and Kuwait.
Gulf-Kuwait, Business, 10/12/1998

Trade exchange between Maghreb and Gulf states increases by 7.8 percent
The volume of trade exchange between the member countries of the Arab Maghreb Union (UMA) and of the Gulf Cooperation Council (GCC) went up from $312 million in 1987 to $663 million in 1996, recording an average annual increase of 7.8 percent.
Regional-Tunisia, Economics, 10/12/1998

Egyptian minister of trade to visit Algeria
Officials sources in the Egyptian ministry of trade said today that Egyptian Minister of Trade and Supply Ahmed Goweili will begin a three-day visit to Algeria on Wednesday.
Egypt-Algeria, Economics, 10/12/1998

Governmental appointments halted in Yemen
The Yemeni government issued a decision to halt procedures for employment and promotion in the state.
Yemen, Economics, 10/12/1998

OPEC's head calls on non-member states to reduce production
The current head of OPEC the United Arab Emirates' petroleum minister, Ebid Ben Sief El-Naseri called on non-member states in the organization to reduce their production of petroleum in order to raise the prices of petroleum.
Regional-United Arab Emirates, Economics, 10/12/1998

Tender for Casablanca subway construction to be launched shortly
A tender for the construction of the Casablanca subway will be launched shortly, announced Moroccan minister of state, minister of the interior, Driss Basri.
Morocco, Business, 10/12/1998

One billion pounds for upgrading Sinai water
The construction department Sinai has finished a number of water projects at a cost of LE 1.75 billion.
Egypt, Economics, 10/12/1998

Batelco to upgrade customer service
Bahrain, Business, 10/12/1998

7th Islamic Trade Fair opens in Lebanon
The 7th Islamic trade fair opened this Monday morning in Tripoli, northern Lebanon, with the participation of more than 600 exhibitors from 28 Islamic countries.
Regional-Lebanon, Business, 10/12/1998

Morocco's candidate for WTO chairmanship calls for rotating leadership
The Moroccan candidate for the World Trade Organization (WTO) Chairmanship called lately for rotation in WTO leadership.
Morocco, Economics, 10/12/1998

A conference for the Greek and the Egyptian businessmen at the end of October
Egypt-Greece, Business, 10/12/1998


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