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A billion dollar is Yemen's reservoir of foreign currencies
The Central Bank of Yemen said that its foreign currencies reserves increased again after months of decrease due to the reduction in the country's petroleum income.
Yemen, Economics, 1/30/1999
Morocco, Niger conclude several cooperation accords
Morocco and Niger, whose joint cooperation commission met in Rabat, concluded on Friday several accords geared towards fostering bilateral cooperation in economic, social and cultural fields.
Morocco-Niger, Economics, 1/30/1999
A delegation from the international monetary fund is visiting Baghdad
Hussein Ibrahim El-Mofti, manager of the information department in the Iraqi Ministry of Finance asserted that the date for a visit by a delegation from the International Monetary Fund to Iraq on February 17 has not changed.
Iraq-IMF, Economics, 1/30/1999
Iraq to reduce program of petroleum exports in February
ArabicNews.com learned from Iraqi sources at Cairo that the program for exporting Iraqi petroleum of February will witness a severe reduction from its rate in the current month.
Iraq, Economics, 1/30/1999
Egyptian business delegation to visit Lebanon in February
Egypt-Lebanon, Economics, 1/30/1999
British trade minister to visit Cairo
British Minister of State for Trade and Industry Bryan Wilson is to visit Cairo on February 13 to hold talks with senior officials on supporting commercial and economic cooperation between the two countries.
Egypt-UK, Economics, 1/30/1999
Returns of Morocco's sea products exports increased by 10 % in 1998
Sea product exports have earned Morocco 7.4 billion dirhams in 1998, recording an increase of 10 % over the previous year.
Morocco, Economics, 1/30/1999
Morocco-Egypt free trade accord may enter into force in February
The accord on the creation of a free trade area between Morocco and Egypt may enter into force in February, an Egyptian businessman said.
Morocco-Egypt, Economics, 1/30/1999
12 tourist projects on the Red Sea
The Egyptian Ministry of Tourism has approved the implementation of a plan that includes 12 new tourist projects to increase the movement of internal tourism.
Egypt, Economics, 1/30/1999
New Kuwaiti communications company
Kuwait, Business, 1/30/1999
Japan offers $20 million to upgrade Gaza International Airport
Palestine-Japan, Economics, 1/30/1999
Exporting Egyptian potato to Europe
Egypt-European Union, Economics, 1/30/1999
Privatization minister pleads for integrating small firms in productive fabric
These firms generate large numbers of jobs, but did not benefit from any attention of the part of the public and private decision-makes in the past decades, he said.
Morocco, Economics, 1/29/1999
Lebanon - budget
Lebanon, Economics, 1/29/1999
Morocco and US Peace Corps agree to jointly support handicraft enterprises
Morocco and the US non-governmental organization, "Peace Corps" agreed to launch a joint program to back handicraft enterprises and NGOs.
Morocco-USA, Economics, 1/29/1999
More than 30,500 Saudis visited Morocco in 1998
More than 30,500 Saudis visited Morocco in 1998, ie. an increase of 9.8 percent over the previous year when their number stood at 28,000.
Morocco-Saudi Arabia, Economics, 1/29/1999
Asian crisis directly impact Moroccan economy, minister says
Hussein disclosed that the Casablanca financial market recorded a drop of 10 %, entailing thus a "relatively adverse" impact on the flow of foreign capital into the Moroccan market.
Morocco, Economics, 1/29/1999
Saudi budget cuts yet to hit home
Saudi Arabia, Economics, 1/29/1999
Dubai gold trade down by 40%
United Arab Emirates, Economics, 1/29/1999
Syrian fair in Libya
Syria-Libya, Economics, 1/29/1999
Electric link between Egypt and Jordan under experiment
The general manager of Jordanian National Electricity Company, Wadah Nabulsi, announced that the electrical link between Jordan and Egypt was put into experimental service.
Jordan-Egypt, Economics, 1/29/1999
Syrian cement company's profits for 1998 at 8.4 million Syrian pounds
Syria, Business, 1/29/1999
$1.5 billion in investments for Lebanese tourism sector
The total investment in the Lebanese hotel sector reached $1.5 billion, including $500 million that was spent on qualifying existing hotels and for establishing new ones that provided 55,000 hotel rooms.
Lebanon, Business, 1/28/1999
Egyptian participation in Madrid tourism fair
The Egyptian Ministry of Tourism is currently participating with a large exhibit in the Madrid tourism trade fair, Fitur '99, which is being held through the end of the current month and in which 170 countries from all over the world are participating.
Egypt, Economics, 1/28/1999
An $83 million grant to Yemen form the USA
Yemeni diplomatic sources confirmed that the US ambassador in Sanaa, Barbara Bodine, has endorsed two agreements with the government.
Yemen-USA, Economics, 1/28/1999
Economy minister pleads for maintaining control over foreign exchange
The Moroccan economy and finance minister said lately that the recent financial crisis that rocked several countries in Asia and Latin America incites Morocco to keep on controlling the currencies exchange.
Morocco, Economics, 1/28/1999
Tunis hosts Mediterranean conference on trade and environment
A Mediterranean conference on trade and environment opened on Wednesday in Tunis with the participation of Mediterranean experts and representatives of international organizations, including the World Bank and the Harvard Institute for international development.
Regional-Tunisia, Economics, 1/28/1999
Morocco's tourism office in London gets best tourism representation office
British specialized "Travel Weekly" magazine granted to the Moroccan tourism office in London the prize of the best tourism office in Great Britain, ahead of the Egyptian, Cypriot and Tunisian ones.
Regional-Morocco, Economics, 1/28/1999
Algeria allows foreign banks to work in local markets
The Algerian government has allowed foreign banks to work in international local markets without any limits and establish private banks.
Algeria, Economics, 1/27/1999
Syrian loan agreement with AFED
Syrian Prime Minister Mahmoud al-Zou'bi on Tuesday received the director general of the Arab Fund for Economic and Social Development Abdul Latif al-Hamad.
Syria, Economics, 1/27/1999
Morocco and South Korea sign accords on investment promotion
Morocco and South Korea signed Wednesday in Rabat accords for the promotion of investment and for non-double taxation.
Morocco-South Korea, Economics, 1/27/1999
Moroccan economy minister calls for improving the private sector
"We will consolidate the solidity, security and efficiency of the banking sector and its competitive edge (...). We will also seek to reform the capital market to make of it an efficient tool for the mobilization of savings and the financing of investments," Oualalou said.
Morocco, Economics, 1/27/1999
UNICEF warns of Somali famine
Somalia-UN, Economics, 1/27/1999
Iridium begins services in Cairo
As of Saturday a service providing satellite telephone communications to Egypt through the Iridium company is going to start, where there are 66 satellites to cover the globe, transferring knowledge, data, and sonic messages.
Egypt, Business, 1/27/1999
Indian - Omani company established with capital worth $100 million
Indian economic sources in Cairo announced the establishment of an Indian - Omani company with a capital worth $100 million dollars, to enhance bilateral economic relations between Muscat and New Delhi.
Oman-India, Business, 1/27/1999
Permanent fair for Egyptian products in Britain
the head of the Egyptian trade chamber, Mohamoud El-Arabi said they have agreed upon establishing a permanent fair for Egyptian industries in Britain and merchandise companies for promoting Egyptian industries
Egypt-UK, Economics, 1/27/1999
Tunisia: 43 approvals on petroleum drilling
The number of approvals on petroleum drilling has risen in the current year to 43 approvals.
Tunisia, Economics, 1/27/1999
Fire destroys cardboard plant in Casablanca
Morocco, Business, 1/27/1999
President of luxury hotel group denounces transfer to French group
President of luxury hotel group "Dounia-PLM," Abdelhadi Alami, denounced strongly the transfer by the credit bank "CIH" of two units to French group "Accor."
Morocco-France, Business, 1/27/1999
Moroccan-Egyptian Business Council meets next month
Morocco and Egypt agreed last month to suppress gradually custom duties reaching 25 % and lower to 22 % taxes exceeding 25 % percent.
Morocco-Egypt, Economics, 1/27/1999
Palestinian communications setting for activating the international code
Palestine, Economics, 1/26/1999
Three new Moroccan - Egyptian companies
The Moroccan - Egyptian business council will discuss during its coming meetings that will start on February 2 in Casablanca establishing three joint companies in tourism, fishery and maritime transportation
Egypt-Morocco, Economics, 1/26/1999
Egypt to host economic conference on February 3-4
On February 3, Cairo is to host a conference regulated by the International Monetary Fund and World Bank along with the Egyptian Center for Economic Studies.
Egypt, Economics, 1/26/1999
Tunisia seeks to reduce its calf imports
The Tunisian government decided to reduce its calf imports to 3,000 heads in the current year in comparison to 5,000 annually during recent years.
Tunisia, Economics, 1/26/1999
Moroccan-Saudi business council calls for creating permanent secretariat
The Moroccan-Saudi business council has called for setting up a permanent secretariat in a bid to boost investments in either country.
Morocco-Saudi Arabia, Business, 1/26/1999
Giant french company selected for construction of Tangier port
Morocco announced on Monday that it will conduct exclusive negotiations with French Bouygues Group for the construction of a new port near the northern city of Tangiers.
Morocco-France, Business, 1/26/1999
EU projects initiative to improve Iraq's humanitarian situation
Iraq, Economics, 1/26/1999
Moroccan-German trade deficit worsens to Rabat's detriment
Morocco-Germany, Economics, 1/26/1999
Morocco targets 4 million tourists in five coming years
Morocco, Economics, 1/26/1999
Spanish group satisfied over its investments in Morocco
Spanish Mondragon group, which has two affiliates in Morocco, voiced satisfaction over its investments in Morocco.
Morocco-Spain, Business, 1/26/1999
Expected loans for Tunis with value of 1,140 million dinars on 1999
Tunisian economic sources expected that the value of the loans and grants Tunisia will obtain this year will amount to 1,140 million dinars, including 130 million in the form of unpaid grants.
Tunisia, Economics, 1/26/1999
Japanese aid to Palestine amounts to $268 million
Japanese aid to the Palestinian Authority through international organizations has amounted to $268 million dollars.
Palestine-Japan, Economics, 1/26/1999
Volume of Gulf trade amounts to $6 billion
Gulf, Economics, 1/26/1999
New Dutch program for promoting Egyptian private sector
The Dutch ambassador in Cairo, Ronald Lawdon, announced his country's intent to establish a new program for technical aid that will be allocated for the Egyptian private sector working in industrial and agricultural fields under a new program supportign and promoting promising markets, while Egypt was chosen to be one of those countries who will benefit from this program.
Egypt, Economics, 1/25/1999
Egyptian financial reserves are valued at $20 billion
The monthly report of the Egyptian bank mentioned that the net worth of international reserves at the bank amounted to $20 billion at the end of last October, in comparison to $20.6 billion in October 1997.
Egypt, Economics, 1/25/1999
Saudi natural gas reserves on the rise
Saudi Arabia's minister of oil and mineral resources announced on Sunday that the natural gas reserves in the country are assessed at 5,776 Billion cubic meters, recording an increase of 7% in two years.
Saudi Arabia, Economics, 1/25/1999
International airport in Taba
The finishing touches and necessary technical settings for activating the Taba International Airport are currently being applied to inaugurate the airport soon to serve development and tourism in Sinai.
Egypt, Business, 1/25/1999
Inaugurating the conference of French tourist companies in Luxor on Wednesday
Egyptian Minister of Tourism Mamdouh El-Beltagi is going to inaugurate the general conference for the national organization of French tourism and travel agencies, SNAF, which is to be held in Luxor this week.
Egypt-France, Economics, 1/25/1999
Beginning the measures of manufacturing second Egyptian artificial satellite
Measures to manufacture the second Egyptian satellite, Nile Sat 102, have begun to prepare for a launch in the second half of the coming year to back up the first Egyptian satellite, Nile Sat 101, which is currently working carrying more than 60 Arab Egyptian and foreign channels.
Egypt, Business, 1/25/1999
Embargo Entailed $ 140 Billion Losses For Iraq, Minister says
Iraqi Minister of Trade Mohamed Mahdi Saleh, said Sunday that the losses incurred by Iraq because of the embargo amount to nearly $140 billion.
Iraq-Spain, Economics, 1/25/1999
Turkey to sell water to Palestinian Authority
A Turkish daily reported that a private company from the Turkish city of Antalia, located on the Mediterranean will sell waters to the Palestinian National Authority.
Palestine-Turkey, Economics, 1/25/1999
World Bank chief calls for comprehensive development program for least developed countries
World Bank president James Wolfensohn called Sunday in Abidjan for setting up a global development program for the least developed countries.
Regional-International, Economics, 1/25/1999
Common Arab social coverage strategy
Regional, Economics, 1/25/1999
Italian institute to enhance industrial investment in Morocco
The Rome-based Italian Institute of Foreign Trade and the Moroccan Office For Industrial Development signed last week here an accord for the promotion and attraction of Italian industrial investments to Morocco.
Morocco-Italy, Economics, 1/25/1999
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