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Weekly Edition, Economics  -  Week of October 26, 1998
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Iraq: Oil-for-food a cover to prolong sanctions
Iraqi Minister of Trade Mohammed Mahdi Saleh stated after coming back from Paris that Iraq has not yet received equipment for the petroleum sector, according to the oil-for-food agreement.
Iraq, Economics, 10/31/1998

Saudi Arabia hosts first international conference on financing petrochemical industries
A conference for developing and financing petrochemical studies in Saudi Arabia will be convened in the industrial city of al-Jubail in eastern Saudi Arabia.
Saudi Arabia, Economics, 10/31/1998

Morocco and India convene to avoid double taxation
Morocco and India concluded on Friday in Rabat an accord whereby Rabat and New Delhi will avoid double taxation and prevent tax evasion.
Morocco-India, Economics, 10/31/1998

Oman to open tourist projects
Oman, Economics, 10/31/1998

Hyundai presents low bid in Qatar airport project
Qatar-South Korea, Business, 10/31/1998

Iraqi minister of trade to be in Cairo mid-November
Iraqi Minister of Trade Mohammed Mahdi Saleh is scheduled to arrive in Cairo in the middle of the coming month to meet with his Egyptian counterpart, Ahmed Goweili, to discuss increasing Egyptian exports to Iraq.
Iraq-Egypt, Economics, 10/31/1998

Morocco to construct $109 million tunnel across Atlas Mountains
Morocco, Economics, 10/31/1998

Moroccan fisheries minister in Lisbon
Morocco's minister in charge of sea fisheries, Thami Khyari, started on Friday a two-day visit to Portugal for talks with Portuguese officials on means of expanding bilateral fishery cooperation.
Morocco-Portugal, Economics, 10/31/1998

Syrian government discusses visit of trade minister to Iraq
Informed sources told ArabicNews.com that the Syrian government is currently discussing approval for Economic Minister Mohammed al-Amawi to travel to the inauguration of the Baghdad International Fair on Sunday.
Syria-Iraq, Economics, 10/30/1998

Egypt - COMESA symposium calls for achieving economic integration among member states
At the conclusion of an Egypt - COMESA symposium, yesterday, the participants emphasized the importance of advancing economic integration among the organization's member states to establish a free market
Egypt, Economics, 10/30/1998

Sustained job-generating growth tops government economic objectives
The Moroccan government said its major objective targets high and sustained economic growth to generate jobs.
Morocco, Economics, 10/30/1998

Yemen: New increase in exchange prices
The Yemeni Central Bank announced that it has intervened in the currency exchange market to face the sudden increase in the dollar's price in relation to the riyal.
Yemen, Economics, 10/30/1998

Egyptian businesses press dumping charges against Turkish iron
The owners of iron factories in Egypt decided to press a dumping claim against Turkish iron to the anti-dumping body in the Egyptian Ministry of Trade and Supply.
Egypt-Turkey, Economics, 10/30/1998

Iranian industries to exhibit wares in Riyadh
Iran's Chamber of Trade, Industry and Minerals, Export Center, and the Iranian embassy in Riyadh are to organize an exhibition for Iranian industries from November 23 - 29 in the Saudi capital in association with the Riyadh Exhibition Company.
Saudi Arabia-Iran, Economics, 10/30/1998

World Bank to finance rehabilitation of Morocco's historic Fez Medina
The World Bank on Thursday approved two loans worth $14 million to help conserve and rehabilitate Morocco's ancient walled city of Fez-Medina, particularly the historic housing sections and the surrounding environs.
Morocco, Economics, 10/30/1998

Morocco's large projects attractive to Siemens
The German Siemens information systems group expressed "keen interest" in some large projects in Morocco.
Morocco-Germany, Business, 10/29/1998

Forum urges rational management of water resources
A final joint statement said the two-day forum, whose theme was the use of water in agriculture, called for preservation of water in consideration of the increasing needs of water in the near future.
Regional, Economics, 10/29/1998

Chinese economic delegation is visiting Cairo today
A Chinese large economic and commercial delegation is arriving today in Cairo with the chairmanship of Wang Axid Bing Wang, the Under-Secretary of Economical Cooperation in the foreign trade ministry in China.
Egypt-China, Business, 10/29/1998

Islamic bank loans Gabon $1.15 million
Regional-Gabon, Economics, 10/29/1998

Morocco trains Palestinians in handicraft and water management
A group of Palestinians is currently attending a training course in matters of pottery and handicraft know-how.
Morocco-Palestine, Economics, 10/29/1998

Hyundai assesses possibility of installing in Morocco
The giant South Korean Hyundai group is prospecting the possibility of installing in Morocco and benefiting from the country's growth and business potentials.
Morocco-South Korea, Business, 10/29/1998

Wilderness threatens Sudan
Sudan, Economics, 10/29/1998

Sudan - Iran telecommunications
Sudan-Iran, Economics, 10/29/1998

Palestinian airport to open in 10 pays
Head of the Palestinian Civil Aviation Authority Faiz Zaidan announced on Tuesday that the Gaza airport will open in 10 days
Palestine, Economics, 10/28/1998

Trade agreements between Egypt and South Africa to be signed today
Egypt and South Africa are endorsing today three agreements on trade, economic cooperation, and encouraging and protecting investments and marine transportation between the two countries.
Egypt-South Africa, Economics, 10/28/1998

Lebanese minister of industry to visit Iraq
Iraqi sources stated that Lebanese Minister of State for Industry Nadim Salim will visit Iraq on November 6, adding that this ministerial visit will have an important effect on bilateral relations between the two states.
Iraq-Lebanon, Economics, 10/28/1998

Morocco will not renew fishing accord with EU
Morocco will not renew the fishing accord concluded in 1996 with the European Union, the Moroccan fisheries minister told Tuesday here the Chamber of Advisors (upper house of the Parliament).
Morocco, Economics, 10/28/1998

Moroccan tourism up 10.6 percent as the French watched soccer
The number of foreign tourists having visited Morocco during the first nine months of 1998 stood at 1,563,277, a 10.6 percent increase compared to the same period in 1997, said a document released by the Moroccan Ministry of Tourism.
Morocco, Economics, 10/27/1998

Jordan and Israel inaugurate new dam
Israel and Jordan inaugurated on Monday a project to divert water from the Yarmouk river to Jordan
Jordan-Israel, Economics, 10/27/1998

Lebanese transportation minister seeks to open Lebanese - Canadian air route
Lebanese Minister of Transportation Omar Misqawi arrived yesterday in Canada for an official visit, to meet a number of officials concerned with the transportation sector to enhance methods of cooperation between the two countries.
Lebanon-Canada, Economics, 10/27/1998

Egyptian FM to open symposium on unified African market
Egyptian Foreign Minister Amr Moussa opened yesterday a international symposium between Egypt and COMESA, focusing on new horizons for investment.
Egypt, Economics, 10/27/1998

Prime minister confers with Saudi minister of higher education
Morocco-Saudi Arabia, Economics, 10/27/1998

IFC Invests $14.4 Million in Moroccan Textile Company
The International Finance Corporation announced on Monday plans to invest $14.4 million in a Moroccan textile enterprise, Settavex.
Morocco, Business, 10/27/1998

Oman - Tunisia meeting
Oman-Tunisia, Economics, 10/27/1998

UAE - Iraq ferry
United Arab Emirates-Iraq, Economics, 10/27/1998

53 Omani companies participate in Baghdad International Exhibition
Oman-Iraq, Economics, 10/27/1998

Saudi Tabook pharmaceutical starts exporting to Algeria
The Saudi Tabook pharmaceutical company began to export its products to Algeria after establishing a branch there within the company's policy to enter new markets in the countries of North Africa.
Saudi Arabia, Business, 10/27/1998

Baghdad to resume civil aviation soon, accuses US of obstructs imports
Official sources in the Iraqi Petroleum Ministry accused the US of obstructing the importation of spare parts for the Iraqi petroleum industry, according to the UN's decision to allow the Iraqi authorities to import equipment worth $300 million for this purpose, within the oil-for-food agreement.
Iraq-UN, Economics, 10/26/1998

Ebeid: Global economic disturbances not affecting Egypt
At the inauguration of a symposium on the influence of financial market fluctuations, Egyptian Minister of Public Works Atef Ebeid stated yesterday that Egypt has not been affected by global financial disturbances
Egypt-IMF, Economics, 10/26/1998

German ambassador: Increasing investment in Egypt is subject to peace process
Peter Dingens, the German ambassador in Cairo, stated that the role of the Egyptian and German sectors in establishing new projects that increase the scope of investment and economic cooperation between Egypt and Europe is subject to the Middle East peace process' stability.
Egypt-Germany, Economics, 10/26/1998

Palestine initials free trade pact with EFTA
Palestine and the European Free Trade Association initialled on Friday a free trade agreement covering trade in industrial goods, sea products and processed agricultural goods.
Palestine-European Union, Economics, 10/26/1998

Arab bank disbursed $97 million in 1997 for African development
The Arab Bank for Economic Development in Africa (ABEDA) disbursed $97.8 million in 1997 to finance projects as well as technical assistance operations.
North Africa, Economics, 10/26/1998

Oman establishes montior for training programs
Oman, Economics, 10/26/1998

Jordanian - Yemeni meetings bear fruit
Jordanian Prime Minister Fayez Tarawneh and Yemeni Prime Minister Abdul Karim al-Iryani today signed the minutes of meetings of the joint higher committee between the two countries, the Jordanian news agency, Petra, reported.
Jordan-Yemen, Economics, 10/26/1998

Israelis steal top soil from Lebanon
Israel, Economics, 10/26/1998


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