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First trade center for women established in Abu Dhabi
It was decided to establish the first trade center for women only in Abu Dhabi at a cost of 400 million dirhams, implemented by the Emirates - British company Mac Link.
United Arab Emirates, Business, 5/15/1999
Moroccan group signs foreign loan to buy over insurance firm
The Moroccan bank "Banque Marocaine du Commerce Exterieur" (BMCE) has signed in Frankfurt a syndicated loan of 160 million euros ($ 172.8 million) to finance the purchase of majority stakes in a Moroccan major insurance firm.
Morocco-Germany, Business, 5/15/1999
Annan approves oil-for-food changes
UN Secretary General Kofi Annan sent a letter to the UN Security Council yesterday approving a plan to allow Iraq to use a portion of the revenues from the oil-for-food program to repair Iraq's telecommunications infrastructure.
Iraq-UN, Economics, 5/15/1999
Thomson Financial Bankwatch gives high rating to Morocco's Commercial Bank
Thomson Financial Bankwatch, the world's largest bank rating agency, granted a high-grade rating to "Banque Commerciale du Maroc" (BCM) for its good performance in 1998 and for its rising capitalization and enhanced profitability.
Morocco, Business, 5/15/1999
British business delegation to visit Cairo on Sunday
A British commercial delegation under the chairmanship of Marc Gibson, head of foreign trade sector in the British trade ministry, is to start a five-day visit to Cairo on Sunday.
Egypt-UK, Economics, 5/14/1999
First Egyptian holding company to focus on North African markets
Five Egyptian businessmen decided to establish an Egyptian holding company to deal with North African markets with a capital of 725 million pounds ($200 million).
Egypt-North Africa, Business, 5/14/1999
Chinese delegation to visit Cairo on Saturday
Official sources in the Egyptian government said that a high-ranking Chinese delegation is to arrive in Cairo tomorrow to hold talks with the Egyptian side concerning the implementation of what was agreed upon during the visit of the Egyptian president to China regarding mutual projects.
Egypt-China, Economics, 5/14/1999
Privatizing 43 Egyptian companies
The Egyptian government decided to expand the base of ownership in 43 new companies affiliated to the public works sector between June and December.
Egypt, Economics, 5/14/1999
200 Italian businessmen to discuss enhancing medium, small Egyptian projects
More than 200 Italian businessmen are to take part in a symposium organized to promote Italian investment in participation with the United Nations Industrial Development Organisation (UNIDO) and the Italian trade chamber on Sunday at the headquarters of the public department for Egyptian investment.
Egypt-Italy, Economics, 5/14/1999
Egyptian trade commissions to US, Uganda, Kenya
Egyptian Minister of Trade Ahmed Goweili announced a plan to merchandise the Egyptian exports Kenya, Uganda and the USA.
Egypt-International, Economics, 5/14/1999
Tunisia to raise the minimum wage
Tunisia, Economics, 5/14/1999
Arab satellite television meeting in Beirut
The meeting of the Arab satellite television channels is to open its works this Friday in the Lebanese capital, Beirut.
Regional, Economics, 5/14/1999
Foundation stone in place for international airport in Marsa Alam
The foundation stone for the international airport at Marsa Alam, the first airport to be implemented in Egypt on the B.O.T (build-operate-transfer) system which is run by the Kuwaiti group El-Khorafi, was laid.
Egypt, Business, 5/14/1999
A high council for privatization in Lebanon
Lebanon, Economics, 5/14/1999
Egypt's Ghabour raises bonds worth $100 million
Egypt, Business, 5/14/1999
Spain recruits Moroccans, Kosovar refugees for seasonal jobs in construction and agriculture
In view of pressing needs in the sectors of construction and agriculture, Spain has decided to offer seasonal jobs to Moroccans and Kosovar refugees and to issue legal stay and work documents to undocumented immigrants.
Morocco-Spain, Economics, 5/14/1999
$10 million in Japanese facilities for Egyptian company
Egypt, Business, 5/14/1999
Saudi company buys Egyptian seeds company
The Saudi company El-Kaeki bought the Egyptian governmental El-Nobareya for producing seeds, "Nobaseed," which is fully owned by the holding company for agricultural development.
Saudi Arabia-Egypt, Business, 5/14/1999
International phone code activated between Egypt and Palestine
The telecommunications department at the Palestinian Authority said on Thursday in Gaza that it gave on Wednesday the instructions to use the "special international code" for Palestine in telecommunications between Egypt and the Palestinian areas.
Palestine-Egypt, Economics, 5/14/1999
International bonds for Orascom
Egypt, Business, 5/14/1999
MobiNil to float financing bonds worth 340 million pounds
The Egyptian company for mobile phone services, MobiNil, is getting ready to floating up financing bonds worth 340 million pounds for general subscription as part of providing long-term financing for the company.
Egypt, Business, 5/14/1999
Economic show for Moroccan expatriates opens in France
An economic and commercial show opened Thursday in the French city of Bourget to inform Moroccans living in France about the business opportunities in their homeland.
Morocco-France, Economics, 5/14/1999
Mansour wins chairmanship of Egyptian - American trade chamber
Egyptian businessmen Mohammed Mansour won the post of head of the Egyptian - American trade chamber with recommendation after the withdrawal of the only candidate opposing him, Ramzi Rushdi.
Egypt, Business, 5/14/1999
Morocco and IAEA determined to upgrade partnership for peaceful use of nuclear energy
Morocco, Economics, 5/13/1999
Egyptian economic delegation to visit Beirut in June
An Egyptian business delegation will visit Lebanon in June to follow up on the executive steps for starting joint projects between the two countries.
Egypt-Lebanon, Economics, 5/13/1999
Royal Air Maroc gets its Boeing 737-700 planes
Morocco-USA, Business, 5/13/1999
USAID guarantees $7.8 million housing loans granted by US investors to Morocco
Morocco and the USA signed on Wednesday an agreement under which the US Agency of International Development guarantees $7.8 million housing loans granted by US investors to Morocco.
Morocco-USA, Economics, 5/13/1999
Beirut hosts Arab capital markets conference
Al Hoss added, "Lebanon is determined to develop the Beirut stock exchange market
Regional-Lebanon, Economics, 5/13/1999
Efforts to issue Palestinian currency
Arab League Secretary General Esmat Abdul Meguid on Wednesday in Cairo received a message from the Palestinian Authority pertaining to the efforts currently exerted to issue a Palestinian currency.
Palestine, Economics, 5/13/1999
President of Andalucia autonomous government calls for a balanced fisheries accord with Morocco
The President of the autonomous government of Andalucia, Manuel Chaves, has called on Morocco and Spain to seek more viable formulas to reach a balanced fisheries accord.
Morocco-Spain, Economics, 5/13/1999
Moroccan-Nigerian chamber of commerce set up
A Moroccan-Nigerian chamber of commerce has been set up under an accord concluded in Lagos, Nigeria, on Thursday.
Morocco-Nigeria, Economics, 5/13/1999
Libya establishes general organization for free trade zones
The Libyan government decided to establish a general organization for free trade zones affiliated to the Ministry of Economy and Trade while enjoying financial independence from the ministry.
Libya, Economics, 5/12/1999
50 million pounds for developing the Egyptian exports
Egypt, Economics, 5/12/1999
Egypt to take part in COMESA summit for the first time
For the first time Egypt is going to take part in the meeting of the fourth summit of the COMESA organization, an economic assembly of southern and eastern African countries, which is to begin its works in Nairobi on May 24.
Egypt, Economics, 5/11/1999
King Abdullah in Washington on Friday
Jordan's King Abdullah Bin Hussein is due to head to Washington on coming Friday, in which will meet with US President Bill Clinton, high powered officials and US Secretary of State Madeleine Albright to discuss the developments of the situaton in the Middle East.
Jordan-International, Economics, 5/11/1999
Morocco, Greece sign air transportation accord
The agreement will provide a legal framework for bilateral cooperation in transportation matters and will open new horizons for the two countries' economic operators to widen trade exchange and increase tourism and cultural flows.
Morocco-Greece, Economics, 5/11/1999
German management for four Egyptian hotels
The German company Shitiniburger won contracts to manage four hotels in Hurgada, Taba, Guna, and the pyramids regions.
Egypt-Germany, Business, 5/11/1999
Egyptian central bank denies floating of pound
The governor of Egyptian central bank, Ismael Hassan, denied news stating that high fronts in Egypt are studying the issue of floating the Egyptian pound, confirming that there is no study or even thoughts about changing the current system of foreign financing in Egypt.
Egypt, Economics, 5/11/1999
An Egyptian - American commercial week
Egypt-USA, Economics, 5/11/1999
Moroccan cement group offers to incinerate industrial waste
The Moroccan cement group "CIOR" has proposed to Moroccan industrial units to incinerate their solid waste in the group's ovens.
Morocco, Business, 5/11/1999
Discussions between Egypt and the World Bank
Kamal Darwessh, the deputy chairman of the World Bank for Middle East and North Africa affairs, is to arrive tomorrow in Cairo on a one-week official visit to discussing plans for economic reform in Egypt, by Khaled Ikram, head of Egypt's administration in the World Bank said.
Egypt-World Bank, Economics, 5/11/1999
250 companies in the exhibition of Comdex Egypt '99
Egypt, Business, 5/11/1999
Omani - German bank alliance
Oman-Germany, Business, 5/11/1999
Funding agreement reached in principle for Jordan hospital
Jordan, Economics, 5/11/1999
Mubarak address economic issues at NDP Congress
"The government has cleared the way for the flow of capital and has fulfilled economic reforms," said Mubarak. Egypt has pursued a successful economic reform program since the early 1990s underpinned by privatization and deregulation.
Egypt, Economics, 5/10/1999
Further development of Syrian-Iraqi relations
The Iraqi daily al-Qadiseyah said on Saturday that the Iraqi authorities are currently developing three Iraqi border complexes with Syria in light of developing relations between them.
Iraq-Syria, Economics, 5/10/1999
Egypt announces iron ore discoveries
Egyptian Minister of Industry Solayman Reda said on Friday that there are new iron ore discoveries on southern Aswan.
Egypt, Economics, 5/10/1999
Morocco, Greece to sign air transportation accord
Morocco-Greece, Business, 5/10/1999
US investment delegation tours Maghreb states
Maghreb-USA, Economics, 5/10/1999
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