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Study tackles establishing joint market for North African states
Egypt, Libya, Tunisia, Algeria and Morocco are examining establishing a joint market for the North African states after the success of the COMESA experiment, Yamani Falfa, head of the Egyptian business council, said.
North Africa, Economics, 3/18/2000
Tunisian Arab exports increased in 1999
Tunisian exports to the Arab states have increased in value during 1999, reaching an estimated $443 million, official statistics published in Tunis Saturday said.
Tunisia, Economics, 3/18/2000
Conference for Arab economists in Morocco
El Jadida city in Morocco will host a the 13th conference for the Arab economists union at the end of this month with the participation of Prince Hassan, the former Jordanian crown prince, and economy ministers from Syria, Algeria, Sudan, Morocco, Tunisia, Egypt and Lebanon. Heads of Arab banks and company officials in the economic councils and in Oman will also take part in addition to experts on Arab and foreign bonds.
Regional-Morocco, Economics, 3/18/2000
$28.5 billion in Egyptian external debts
Egypt, Economics, 3/18/2000
An Egyptian businessmen mission visits Washington
40 Egyptian and US businessmen-- members of the US trade chamber in Cairo-- are starting tomorrow their annual visit to the USA, during which they are to meet with members of the US administration and congress as well as with representatives of international financial corporations.
Egypt-USA, Business, 3/18/2000
Egyptian - Tunisian committee to discuss commercial agreement on Monday
Works of the preparatory meetings for the supreme joint Egyptian - Tunisian are starting on Monday. The supreme committee's meetings are to be held under the chairmanship of the prime ministers of the two countries on Wednesday.
Egypt-Tunisia, Economics, 3/18/2000
Foreign shares in Moroccan textile sector fivefold stronger in 10 years
The number of foreign companies or foreign shares in textile companies in Morocco went up from 80 plants to 400 in a decade.
Morocco, Business, 3/18/2000
Moroccan fishery sector brings home $500 million in hard currency
The Moroccan fishery sector's share of hard currency remittances totals $500 million, accounting for 15% of the country's hard currency revenues and 50% of food products exports.
Morocco, Economics, 3/18/2000
Arab - Portuguese business council to be established
It was decided to establish an Arab - Portuguese business council in Cairo. A statement issued by the Portuguese embassy in Cairo said a preliminary agreement has been reached concerning establishing this council during the visit of a delegation of Portuguese businessmen to Egypt during last week.
Regional-Egypt-Portugal, Economics, 3/18/2000
Palestinian minister resigns to protest budget cuts
Palestinian Minister of Social Affairs Intissar Al-Wazir announced Friday that she resigned to protest cuts in her department's budget.
Palestine, Economics, 3/18/2000
2,252 tons of Tunisian citrus production
Tunisia, Economics, 3/18/2000
World Water Forum institutes Hassan II prize to foster solutions
Regional-International, Economics, 3/18/2000
Four international offers to purchase Egyptian company for railway equipment
The Egyptian holding company for metal industries received four international offers to purchase the Egyptian company for railway equipment, Simaf.
Egypt-International, Business, 3/18/2000
Household consumption declines in 1999
After an increase of 4.9% in 1998, the consumption of Moroccan households regressed by 1.1% in 1999, says the department of economic studies and forecasts.
Morocco, Economics, 3/18/2000
20 laws to regulate economic activity in Palestine
Palestine, Economics, 3/18/2000
Bahrain to privatize livestock imports, meat sales
Bahrain, Business, 3/18/2000
New economic laws to encourage the investment in Egypt
Egypt, Economics, 3/17/2000
Qatar studies the electronic government
Qatar, Economics, 3/17/2000
Yemen discusses joining to the world trade organization
Yemen, Economics, 3/17/2000
Korean markets opens up to Egyptian oranges
Egypt-South Korea, Economics, 3/17/2000
An Italian petroleum company invests 500 million dollars in Egypt
The Italian company Edison decided to invest 500 million dollars in Egypt during the coming period that will be specified for oil discovery, gas manufacturing and preperation for exporting it or for use in the local market.
Egypt, Business, 3/17/2000
Egyptian computer software companies seek presence in Dubai City for Internet
Many Egyptian companies in the computer software field are seeking to find a place in Dubai city for the Internet in the Emirates that has been set up by the Dubai government to be a regional center for data technology and electronic trade.
Egypt-United Arab Emirates, Economics, 3/17/2000
120 projects in the free zones in Port Saiid
Egypt, Business, 3/16/2000
EgyptAir decides to purchase two Boeing 777 airplanes
Egypt, Business, 3/16/2000
German tourists on top of list of tourists coming to Egypt
A statement issued by the Egyptian Tourism Ministry said that the German tourists come on top of those coming to Egypt during 1999 and the beginning of the year 2000, as their percentage reached 73% of the tourists coming to Egypt and their number reached 100,000 during the last year.
Egypt, Economics, 3/16/2000
Morocco's state budget posts $420 million surplus
Morocco's general state budget posted during the first seven months of the 1999-2000 fiscal year a surplus of $420 million, compared to a deficit of $440 million in 1998-1999.
Morocco, Economics, 3/16/2000
Establishing 200 small projects for Egyptian youths
The Egyptian Social Fund for Development, headed by Hussein El-Gamal, started executive steps for establishing 2,000 small industrial projects for Egyptian youths to provide 11,000 job opportunities with a finance of 100 million LE presented by Misr Bank.
Egypt, Economics, 3/16/2000
1 billion LE in foreign purchases on the Egyptian stock market
The annual report of the Egyptian Foreign Ministry and Ministry of Economy and Trade said the value of the foreign contributions to the Egyptian stock market reached 976 million LE during February in comparison to sales of 838 million LE, for an increase of 138 million LE.
Egypt-International, Business, 3/16/2000
Moroccan second solidarity campaign yields $43 million
Morocco, Economics, 3/16/2000
World Bank chief speaks on 21st century challenges
Today, we have 6 billion people on the planet. Three billion of them live -- under $2 a day. A billion two hundred million of them live under -- $1 a day in what we call absolute poverty.
Regional-International, Economics, 3/16/2000
Iraq to give oil to Lebanon
Iraq-Lebanon, Economics, 3/16/2000
Arab economists hold congress in Morocco
The Union of Arab Economists holds its 13th congress in El-Jadida (80 km south of Casablanca) under the topic "a new strategy for economic complementarity and joint Arab action to face up economic groupings and challenges of 21st century."
Regional, Economics, 3/16/2000
UN prevents medical instruments to enter Iraq
The UN on Wednesday prevented a truck loaded with medical equipment from entering Iraq. The medical instruments were bought by Baghdad in the framework of the oil-for-food agreement signed with the United Nations.
Iraq-UN, Economics, 3/16/2000
Minister to open Morocco-2000 exhibit in London end of March
Trade, Industry and Handicraft Minister Alami Tazi is expected here March 29 to open the Moroccan exhibition in London dubbed "Morocco-2000."
Morocco-UK, Business, 3/16/2000
Bahrain to get new hotel
Bahrain, Business, 3/16/2000
Four offers to establish new railway station between Aswan and Alexandria
Egypt, Business, 3/15/2000
Ben Ali urges establishment of international fund for poverty and disasters
Tunisia started the executive steps for establishing an international fund for solidarity against poverty and disasters according to initiative of Tunisian President Zine El-Abidine Ben Ali.
Tunisia-Regional-International, Economics, 3/15/2000
King Mohammed meets honorary chairman of Toyota Motors Corp.
Morocco-Japan, Economics, 3/15/2000
Egyptian development plan 80 billion LE
Investment of the social and economic development plan in Egypt for the year 2000 - 2001 are 80 billion LE in comparison to 71.6 billion LE in the last year.
Egypt, Economics, 3/15/2000
$53 million loan from Arab fund to Egypt
Egypt, Economics, 3/15/2000
Morocco woos tourists from Germany
Morocco seeks to double the number of German tourists who were 230,000 to choose Morocco for their holidays in 1999, bringing a daily average of $80, said tourism minister, Hassan Sebbar.
Morocco-Germany, Economics, 3/15/2000
Yemen to join WTO
Yemen is preparing to submit for membership in the World Trade Organization before the end of this year, stating its desire to enjoy full membership and set up a negotiation team.
Yemen-International, Economics, 3/15/2000
Establishing the first tourism and hotel institute in Hurghada
A set of private sector Egyptian tourism companies started establishing the first institute for tourism and hotels in Hurghada on 55,000 square meters to be designed in the Islamic architectural style and equipped with the most modern means of educational technology for teaching the languages and training students in the different hotel industries.
Egypt, Business, 3/15/2000
Bahrain aims at efficiency
Bahrain, Economics, 3/15/2000
Qatari company buys shares in Jordanian salt company
Qatar-Jordan, Business, 3/15/2000
Concluding the gold fair in Bahrain
The fourth gold fair in Bahrain is to conclude on Friday in which 20 international companies specializing in jewelry participated in addition to five Bahraini companies that presented the most modern jewelry designs.
Bahrain-International, Business, 3/15/2000
UAE to participate in Baghdad International Fair
United Arab Emirates-Iraq, Economics, 3/14/2000
Egyptian - Indian diplomatic and trade discussions
The political consultation session between Egypt and India started today in headquarters of the Foreign Ministry under the chairmanship of Nagi El-Ghatrifi, assistant foreign minister for Asian affairs, and his Indian counterpart, R.C. Calaha, who is currently visiting Cairo, and with the attendance of the two countries' ambassadors to one another.
Egypt-India, Economics, 3/14/2000
Jordanian delegation visits Iraq to increase trade exchange
Jordanian Minister of Industry and Commerce Muhammad al-Halayqa will hold an official visit to Baghdad leading a high-ranking delegation to hold talks with senior Iraqi officials, in a step considered an indicator of a further improvement of relations between the two countries.
Jordan-Iraq, Economics, 3/14/2000
Morocco wants free trade accords with Latin America
Morocco on Monday voiced its wish to conclude free trade accords with Latin American countries.
Morocco-International, Economics, 3/14/2000
UAE budget for 2000
The government of the United Arab Emirates on Monday agreed on the federal draft budget for the year 2000. It has a deficit of 2.44 billion dirhams (US $665 million), without a change from the deficit expected in 1999 estimated at 2.48 billion dirhams.
United Arab Emirates, Economics, 3/14/2000
Libya hosts international meeting on fertilizers industry
An international conference on the fertilizer industry will be held in Libya this March 27-30 with the participation of delegates from 32 regional and international organizations and 23 countries.
Regional-Libya, Business, 3/14/2000
International conference in Hurghada about third generation of mobile phones
Regional-Egypt, Business, 3/14/2000
Conference on investment opportunities in Mediterranean region concludes in Tunis
Tunis witnessed the conclusion of the conference on investment opportunities in the Mediterranean Sea area that was organized by the international Moroccan bank for investment, development and foreign trade.
Regional, Economics, 3/13/2000
Establishing an Egyptian city for technology of 70 million L.E investments
The Egyptian government started in cooperation with numerous private sector companies executive steps to establish the Mubarak City for Technology in Borg El-Arab city (15 kilometers south of Alexandria) with investments reaching 70 million LE.
Egypt, Economics, 3/13/2000
Five Egyptian private companies request internal air trips rights
Five private Egyptian companies for civil aviation asked for the right from the aviation authorities to organize trips among Cairo and the airports of East Owainat, Saint Catherine, Asuit, Alexandria, Aswan and Abu Simbel.
Egypt, Business, 3/13/2000
South Korean commercial delegation visits Egypt
A South Korean commercial delegation in is due to visit Egypt today to search for Egyptian partners or agents in the Egyptian market.
Egypt-South Korea, Business, 3/13/2000
1.1 billion LE for technological development in Egypt
The Egyptian government decided to specify 1.1 billion LE for technological development.
Egypt, Business, 3/13/2000
First Egyptian company for cooperation with Comesa
Egypt, Economics, 3/13/2000
$50 million Gulf investments in the chemical fields
The total Gulf investments in the chemical and petrochemical industries are estimated at nearly $50 million.
Gulf, Economics, 3/13/2000
$42 million in loans from the Arab Bank to African countries
Regional-Africa, Economics, 3/13/2000
Lufthansa decides to increase its trips to Cairo
The German airline company Lufthansa decided to increase its trips between Egypt and Germany from 14 to 20 trips per week starting from the end of March, adding four weekly trips on the Cairo - Frankfurt line so that the number of trips on this line reaches 14 per week.
Egypt-Germany, Business, 3/13/2000
Jordanian work bureaus in the Gulf states
The Jordanian Ministry of Labor said that the Jordanian labor force has started to get into the Gulf markets in notable and increasing numbers through the Jordanian labor marketing bureaus.
Jordan, Economics, 3/13/2000
Iran refuses increasing the petroleum production averages
Regional-Iran, Economics, 3/13/2000
$175 million loan to finance second Egyptian satellite
Three banks agreed to financing a project to manufacture, assemble and run the second Egyptian satellite, NileSat 102, through a joint loan of $175 million.
Egypt, Business, 3/13/2000
15 Egyptian companies offer to produce Viagra
15 Egyptian medicine companies presented offers to produce Viagra locally to the Health Ministry, among which are 10 private-sector companies and five companies affiliated to the public enterprises sector.
Egypt, Business, 3/13/2000
Islamic bank to partially finance potassium plant in Jordan
The Islamic Development Bank will contribute $27 million to financing the construction of a potassium plant in Jordan, says the Kuwaiti news agency, "KUNA."
Jordan-Regional, Business, 3/13/2000
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