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Weekly Edition, Economics  -  Week of July 19, 1999
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Establishing 23 new projects in Syria
Syria, Economics, 7/23/1999

OAPEC lost $32 billion
Regional, Economics, 7/23/1999

Japan to offer $150 million annually to Morocco
Morocco-Japan, Economics, 7/23/1999

Saudi economic delegation to visit Cairo
A Saudi business delegation is due to visit Egypt during the coming week to discuss with Egyptian businessmen opportunities for mutual investment, especially in the domains of tourism, hotels, and real estate investment.
Egypt-Saudi Arabia, Economics, 7/23/1999

UAE finances $ 50-million housing compound in Gaza
The "Sheikh Zayed city of families of martyrs," named after the UAE head of state, will comprise 3,574 flats, two mosques, health centers, cultural centers, schools, a market, a sports complex and two gardens.
United Arab Emirates-Palestine, Economics, 7/23/1999

150,000 tonnes of wheat for Algeria
Algeria, Business, 7/23/1999

Venezuela offers Morocco its low-cost power fuel
Venezuela is interested in upgrading partnership with Morocco in matters of energy and offered the kingdom its low-cost fuel developed for the production of electricity.
Morocco-Venezuela, Economics, 7/23/1999

Oman starts applying law on intellectual property
Oman, Economics, 7/23/1999

Economic growth is less than population growth in Syria
A study prepared and submitted by Syrian businessmen for the Syrian government, through the Damascus Chamber of Industry said that average economic growth in Syria during the period from 1985 until 1996 was almost 2.11% annually, whereas the population growth for the same period was estimated at 3.4%.
Syria, Economics, 7/23/1999

Increasing direct investments in Egypt
Egypt, Economics, 7/23/1999

Egyptian - Eritrean commercial cooperation
Egypt and Eritrea agreed on a note of understanding for economic and commercial cooperation between the two countries and cooperation protocols between the two countries' fair departments as well as a cooperation protocol between the public union of Egyptian trade chambers and its Eritrean counterpart.
Egypt-Eritrea, Economics, 7/23/1999

Moroccan expatriates' remittances to reach $2 billion
The overall 1999 remittances of Moroccan expatriates are expected to reach $2 billion, the Moroccan Banque Centrale Populaire (BCP) said.
Morocco, Economics, 7/23/1999

Baghdad seeks to increase trade volume with Arab states
Iraqi President Saddam Hussien said that he will seek to achieve an increase in Iraq's trade volume with Arab states, calling on their governments to implement this step.
Iraq-Regional, Economics, 7/23/1999

African international industrial conference in Algeria
An international African investment and industrial conference is due to be held in October in Algeria, with the participation of African countries, representatives of major industrial cities and the European Union.
Regional-Algeria-Africa, Economics, 7/23/1999

Expected profits of Middle East, Mediterranean information technology companies $6.2 billion
A study released by the European Union commissariat in Cairo said it is expected that the volume of total payments for information technology systems in the Middle East, Mediterranean and North African markets will amount to more than $6.2 billion during the current year in comparison to $4.9 billion in 1998 and about $4 billion in 1997.
Regional, Economics, 7/23/1999

Egyptian Olympic raises international deposit certificate
The Egyptian Olympic Group Financial Investment Co. has decided to float up certificates of international deposit in the London Stock Market on the Global Depositary Receipts (GDR) system with a value of $100 million.
Egypt, Business, 7/23/1999

MobiNil second quarter profits worth 10 million pounds
The volume of profits achieved by the Egyptian company for mobile phone services, MobiNil, amounted to 10 million pounds during the second quarter of this year.
Egypt, Business, 7/23/1999

Morocco and Venezuela sign cooperation accords
Morocco and Venezuela signed Wednesday in Rabat several cooperation accords destined to enhance partnership between the two countries in the economic, scientific, political, educational and cultural fields.
Morocco-Venezuela, Economics, 7/22/1999

International fair for food in Cairo
Egypt-International, Business, 7/22/1999

Morocco attracts $500 million in foreign investment in 1998
Out of the $3.1 billion foreign direct investment (FDI) injected in the Arab world, Morocco drained $500 million, ranking 2nd behind Egypt which got $834 million.
Morocco-Regional, Economics, 7/22/1999

Egypt considers consortium's offer for Abu Tartour
Egypt, Business, 7/22/1999

Establishing an Egyptian - Cameroon company for wood
Egypt-Cameroon, Business, 7/22/1999

EU-Morocco negotiations on fisheries to start in september
Negotiations between Morocco and the European Union on fisheries will start during the second half of September, Spanish minister of agriculture and fisheries, Jesus Posada, said on Tuesday.
Morocco-European Union, Economics, 7/21/1999

50 Egyptian companies in Accra fair
Egypt-Ghana, Economics, 7/21/1999

Tangier free zone firm set up
Four Moroccan private enterprises set up a firm dubbed "Tangier Free Zone" (TFZ) to manage and promote the Tangier free trade area.
Morocco, Economics, 7/21/1999

Swiss insurance company increases stake in morocco's La Marocaine Vie
Morocco, Business, 7/21/1999

Urgency to deal with growing poverty in Africa
Regional, Economics, 7/21/1999

Two moroccan cement firms to merge shortly
Morocco, Business, 7/21/1999

Qatari company traded on London Stock Exchange
Qatar-UK, Business, 7/21/1999

Arab nuclear authority to meet in Beirut
The Lebanese capital, Beirut, will host a meeting of the executive council and general conference of the Arab nuclear authority on July 26, an official statement said here Tuesday.
Regional, Economics, 7/21/1999

Spanish prime minister meets with Syrian, Spanish businessmen
The Syrian prime minister said that Aznar's visit to Damascus falls in the course of the mutual desire shared between the two countries to develop cooperation between Syria and Spain.
Syria-Spain, Economics, 7/20/1999

Inter-Arab investments grow by 42.1% in 1998
Inter-Arab investments have reached in 1998 $2.25 billion, growing by 42.1% in comparison with $1.59 billion invested the year before.
Regional, Economics, 7/20/1999

Arab states lose $33 billion due to deterioration of petroleum prices
Regional, Economics, 7/20/1999

Morocco's trade with Maghreb states is less than $300 million
Morocco's trade exchanges with the four other states of the Arab Maghreb Union did not exceed in 1998 $300 million, accounting for 1.8% of its overall external trade exchange.
Morocco-Maghreb, Economics, 7/20/1999

Arab cooperation highlighted with ILO
Regional, Economics, 7/20/1999

Egypt leads in petroleum discoveries among Arab states
Egypt is currently witnessing condensed activity in petroleum discoveries, as OAPEC (the Organization of Arab Petroleum-Exporting Countries) in its annual report released this week said that Egypt is considered the largest active region in discovering petroleum fields and natural gas.
Egypt-Regional, Economics, 7/20/1999

Japan grants Mauritania $2.4 million subsidy
Japan granted Mauritania on Monday a US $2.4 million subsidy to develop and increase agricultural production in the North African country.
Mauritania-Japan, Economics, 7/20/1999

Palestinian, Israeli investment cooperation
Palestine-Israel, Economics, 7/20/1999

Egypt discusses imposing dumping fees on Russian metal imports
Egypt-Russia, Economics, 7/19/1999

Arab investment conference scheduled in Tunis
Tunisia-Regional, Economics, 7/19/1999

Commodity reduction exemption among Arab states
At the conclusion of its meeting on Sunday in Cairo, the Arab League executive and follow-up committee has agreed to grant some commodities requested by certain Arab countries an exemption from the reduction decided within the framework of the Arab free trade zone.
Regional, Economics, 7/19/1999

New French Airbus in Damascus for Syrian airlines
The third Airbus contracted upon by the Syrian Airline company with the Airbus company landed at Damascus International Airport on Saturday.
Syria, Economics, 7/19/1999

Moroccan company shows ecological vehicles
The Moroccan gas distribution company "Tissir Primagaz" has developed environment-friendly engines fueled with low-emission Liquified Gas Petroleum (LGP).
Morocco, Business, 7/19/1999

Morocco builds $8.3 million village for fishermen
Morocco is building a $8.3 million village for fishermen of the Atlantic coastal city of Safi.
Morocco, Economics, 7/19/1999


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