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Iraq welcome UN Security Council decision to double funds for oil equipment
The Iraqi government welcomed UN Security Council resolution concerning the doubling of specified money to it for rehabilitating the petroleum infrastructure in the frame of U.N. program for easing the effects of the economic sanctions on Iraq.
Iraq, Economics, 4/1/2000
German wins contract for establishing and managing two airports
The Egyptian general organization for the civil aviation agreed on having German company A.P.P. establish Farafra and two airport (Wahat and El-Baharia) based on the B.O.T. (Build - Operate - Transfer) system.
Egypt-Germany, Business, 4/1/2000
WFP warns of looming famine in somalia
The World Food Program warned Friday that a major famine disaster was in the offing in some parts of Somalia if the anticipated rainy season fails.
Somalia, Economics, 4/1/2000
A tour for the Egyptian businessmen in 3 European countries
Egypt, Economics, 4/1/2000
Annan appoints envoy on drought in horn of Africa
Seeking to address a looming humanitarian crisis in the horn of Africa, UN Secretary-General Kofi Annan has appointed a special envoy on the drought in the region.
Regional, Economics, 4/1/2000
Moroccan business mission toured Asian nations
A Moroccan businessmen delegation has just wound up a tour to Russia, Thailand, Singapore and Australia, where it examined ways to enhance business ties between Morocco and these countries.
Morocco, Economics, 4/1/2000
Morocco, Egypt may be included in MSCI index
Morgan Stanley Capital international (MSCI) may include as of next November Morocco and Egypt on its list of emerging markets stock index, reported Bloomberg news agency.
Regional, Economics, 4/1/2000
Banks called to contribute in job creation in rural areas
Moroccan economy and finance minister, Fathallah Oualalou called on the representatives of banking sector to contribute to the financing of job-generating projects in rural areas.
Morocco, Economics, 4/1/2000
Moroccan Cement Group's sales on the Rise
Morocco, Business, 4/1/2000
Morocco announces agricultural investments in southern provinces
Morocco has announced a large scale investment program to promote agriculture in the southern provinces.
Morocco, Economics, 4/1/2000
Three international offers to finance the third stage of Cairo subway
Egypt-International, Economics, 3/31/2000
Solidarity, increased production in next finance bill
The next finance bill will be based upon solidarity principles and production enhancement, said Thursday Economy and Finance Minister Fathallah Oualalou in the weekly government council meeting.
Morocco, Economics, 3/31/2000
70 projects in Mediterranean - European cooperation program for developing Egyptian private sector
Egypt-European Union, Economics, 3/31/2000
Foreign investment of one billion LE in supermarkets in Egypt
The French Carrefour and German Metro companies started studying the Egyptian market concerning supermarkets after the success of the British Sainsbury company in entering the Egyptian market quickly.
Egypt-International, Business, 3/31/2000
First water project on BOT system in Tunis
The Tunisian government agreed on granting the establishment and operation of the water stations of the capital, Tunis, to an alliance of companies that includes French, German, British, and Tunisian companies whose investments reach $100 million. The projects will serve 700,000 persons in Tunis.
Tunisia, Business, 3/31/2000
Lufthansa to establish sales bureau in Beirut
Lebanon-Germany, Business, 3/31/2000
UNCTAD says Africa may lose out in globalization
UNCTAD secretary-general Rubens Recupero has alarmed that dangers are looming over Africa due to globalization.
Regional-Tunisia-Africa, Economics, 3/31/2000
French donation of one million euros for Lebanon
The French agency for development decided to grant Lebanon one million euros as a donation to prepare for a study concerning municipal and health services projects.
Lebanon-France, Economics, 3/31/2000
Conference for Arab financial markets in May
The sixth annual conference for the Arab financial markets will be held in May in Beirut, Lebanon.
Regional, Economics, 3/31/2000
Oman to host oil exhibition
Oman-Regional, Economics, 3/31/2000
Drought threatens over 12 million in African Horn
Regional, Economics, 3/31/2000
Algeria plans to auction mines
Algeria, Economics, 3/31/2000
Egypt - US Information Industry Partnership
US Vice President Al Gore, during his meeting with President Mubarak, said" he is personally interested in transferring the American technology to Egypt".
Egypt-USA, Business, 3/30/2000
Mubarak - Gore joint statement
Egyptian President Hosni Mubarak and US Vice President Al Gore issued a statement on Tuesday after they met to discuss the U.S.-Egypt Partnership for Economic Growth, established by the two officials in 1994 "to enhance efforts to achieve market-oriented economic growth in Egypt."
Egypt-USA, Economics, 3/30/2000
International zoo for rare birds in Shamal Sinai
Egypt, Economics, 3/30/2000
Syrian expatriates are called on to invest back home
Syrian Minister of the Economy and Foreign Trade Muhammad al-Imadi has called on the Syrian expatriates to invest their money in Syria. The minister stated that the plan to amend investment law no. 10 will meet the various needs of investors.
Syria, Economics, 3/30/2000
Conference for Egyptian businessmen abroad in May
The general Egyptian organization for investment and free zones will organize in May the eighth session of the conference for Egyptian businessmen abroad.
Egypt-International, Business, 3/30/2000
IBM invests 150 million LE in Egypt
Egypt-USA, Business, 3/30/2000
Arab economists call for Arab economic summit
Arab economists have called the Arab League to convene an economic summit to debate the latest developments of world and regional economy and their incidence on Arab economic security.
Regional, Economics, 3/30/2000
Morocco - US council holds meeting in Rabat
The Morocco-US Council on Investment and Trade held Tuesday a meeting in Rabat to assess past and future actions.
Morocco-USA, Economics, 3/30/2000
Morocco projects 3% growth rate in 2000
Morocco will post a growth rate of 3% in 2000, Moroccan Economy and Finance Minister Fathallah Oualalou said on Wednesday.
Morocco, Economics, 3/30/2000
Egyptian company for implementing BOT projects 30 million LE
A group of Egyptian companies working in the field of construction decided to establish a new company to run and implement projects on the BOT (build- operate- transfer) system in Egypt and the Arab states with 30 million LE in capital that will named "Alexandria for investment and development."
Egypt, Business, 3/30/2000
Egyptian - Indian business council meetings in New Delhi next month
Egypt-India, Economics, 3/30/2000
Egypt to participate in Tripoli International Fair in Libya
Egyptian Minister of Economy and Foreign Trade Yusef Boutros Ghali agreed on the participation of Egyptian products in the Tripoli International Fair, which will be held on April 5th - 20th on 770 squared meters and which will comprise products from large Egyptian companies.
Egypt-Libya, Economics, 3/30/2000
Morocco's largest private company Omnium Nord Africain increase sales by 36 percent
The sales of Omnium Nord Africain (ONA), Morocco's largest private company, increased by 36% in 1999 compared to the previous year, ONA chief Murad Cherif said.
Morocco, Business, 3/30/2000
German holding projects to construct holidays club in Agadir
A German tourism holding "Aldiana" is projecting to construct a holiday club with a 1,000 bed capacity in the Moroccan southern city of Agadir.
Morocco-Germany, Business, 3/30/2000
Morocco 2000 exhibition opens in London
The exhibition that was dedicated by Moroccan Minister of Trade, Industry and Handicraft Alami Tazi is displaying ready-to-wear garments, leather products, handicraft items, processed sea products, ceramics, furniture, sporting equipment, telecommunication devices and others.
Morocco-UK, Economics, 3/30/2000
US company PSINet raises investment volume in Egyptian market
Egyptian sources said that the US company PSINet, which works in the areas of internet, data technology and communications, is studying increasing its investments in Egypt in the sectors of developing data and communications, saying the US company got the Egyptian government's consent to establish a factory in 6th of October City and that it will cooperate with Egyptian companies to develop software and communications.
Egypt-USA, Business, 3/30/2000
Posada confident Morocco - EU fishery talks in April
Spanish Minister of Agriculture and Fisheries Jesus Posada said he was confident Morocco-European Union fishery talks would start in April, reports "EFE."
Morocco-Spain, Economics, 3/30/2000
Medi-Telecom operates second GSM network in Morocco
The Spanish-Portuguese-Moroccan consortium "Medi-Telecom" activated Wednesday in Morocco its "Meditel" GSM network, eight months after it bought the license $1.08 billion from the Moroccan state.
Morocco, Business, 3/30/2000
Losing Royal Air Maroc contract would be frustrating for Airbus industries
The chairman of Airbus Industries, N. Forgeard, said it would be very frustrating for his group not to get the Royal Air Maroc "RAM" contract for the purchase of 24 aircrafts.
Morocco-France, Business, 3/30/2000
Increasing capital of Islamic Development Bank to $8 billion
The board of directors of the Islamic Development Bank (headquartered in Saudi Arabia) decided to increase the bank's capital to $8 billion due to the number of Islamic states that are join its membership, like the Islamic republics in the former Soviet Union and some countries in Eastern Europe as well as Central Asia.
Regional, Economics, 3/30/2000
Moroccan official meets businessmen in London; Hain to visit Rabat
Moroccan Minister of Trade, Industry and Handicraft Alami Tazi held meetings in London Tuesday with heads of several British enterprises.
Morocco-UK, Economics, 3/29/2000
Morocco, Egypt to promote cooperation in housing and town planning
Morocco-Egypt, Economics, 3/29/2000
Moroccan - American commerce and investment partnership
The Moroccan-American trade and investment council and the Al Akhawayn University passed here Tuesday a partnership agreement meant to enhance exchanges and promote research and joint organization of events.
Morocco-UK, Economics, 3/29/2000
Saudi Arabia to allow greater foreign investment
Saudi Arabia, Business, 3/29/2000
OPEC agrees to raise output
Regional, Economics, 3/29/2000
GMPCS and Globalstar services made available in Morocco
Morocco, Business, 3/29/2000
ECA sub-regional center experts convene in Tangier
Morocco-Africa, Economics, 3/29/2000
Report: Undeclared measures to boost the Syrian economy
The Jordanian weekly al-Hadath quoted well-informed sources as saying that more than 100 figures, the majority of them Syrian expatriates who are of rich traders and capital owners, will start convening an unofficial and undeclared conference in Damascus at the initiative of the new government of Syrian Prime Minsiter Muhammad Miro in order to draw the basis and new mechanism for the future of the country.
Syria, Economics, 3/28/2000
More trade among Tunisia and the Arab states
The volume of commercial exchange among Tunisia and the Arab states reached 844 million Tunisian dinars during 1999 in comparison to 769 million dinars during 1998.
Tunisia, Economics, 3/28/2000
Arab Economists Convene For Their 13th Conference In El Jadida
Regional, Economics, 3/28/2000
Establishing a governmental Egyptian company for technological development
The Egyptian Ministry of Communications and Technology started taking the executive steps to establish a holding company for technological development with a capital of 30 million LE.
Egypt, Business, 3/27/2000
US partnership progam grows
Minister of Finance Dr. Medhat Hassanein said Saturday night that the Egyptian-US partnership is a sustained process that covers economic, trade, development, finance and funding areas.
Egypt-USA, Economics, 3/27/2000
Mubarak reviews economic reform program with American officials
President Hosni Mubarak is due to review during his talks with American Administration Officials Egypt's new long term economic reform program.
Egypt-USA, Economics, 3/27/2000
Egyptian exports to US, promoted
President Hosni Mubarak conferred late Sunday with US Secretary of Commerce, William Daley.
Egypt-USA, Economics, 3/27/2000
Water cooperation between Jordan and Libya
Jordanian Minister of Water and Irrigation Kamel Mahadin stated that the aim of his visit, together with an accompanying delegation, to Libya is to complete discussions with Libya on financing the implementation of extending al-Debesi project from southern Jordan to Amman and means of financing and running this project.
Jordan-Libya, Economics, 3/27/2000
Diplomatic circle charity bazaar in Rabat
Morocco-International, Economics, 3/27/2000
Egypt: A campaign to market Egypt's celebrations of anniversary of the holy family's arrival
Egypt, Economics, 3/27/2000
Dubai inaugurates official stock market
The emirate of Dubai inaugurated Sunday its domestic high-tech stock market with the hope of luring more investors to the more regulated and more transparent market.
United Arab Emirates, Business, 3/27/2000
Economic growth in Yemen
Yemen's minister of planning and development, Ahmad Muhammad Soufan, has stated that Yemen's economy scored a growth estimated at 4.5% in 1999 as a result of the economic reforms the country started in 1995. He expected growth to reach some 5.5% this year.
Yemen, Economics, 3/27/2000
USA considers its options as oil prices increase
Senator Fred Thompson, Chairman of the US Senate Governmental Affairs Committee, held a hearing on the rising oil prices where a barrel of oil on world markets has risen from near $10 dollars a barrel to near $30.
Regional, Economics, 3/27/2000
Company to make moped bikes for handicapped
SMACIT, a company based in the industrial zone of the Moroccan southern city of Laayoune, will manufacture three-wheeled moped bikes for the handicapped.
Morocco, Business, 3/27/2000
First Four Seasons Hotel to open in Cairo
The Four Seasons company is getting ready to open its first hotel in the Middle East in April in Cairo, Egypt, with a capacity of 273 rooms and a luxury wing.
Egypt, Business, 3/27/2000
Mauritania issues new bank notes
Mauritania, Economics, 3/27/2000
10,000 tourism nights because of golf sport
Kamal Okasha, chairman of golf travel company which specializes in this field, said 1,700 golf players visited Egypt during the tourism season in 1998 - 1999.
Egypt, Business, 3/27/2000
An international conference in Hurghada for the third generation of mobile phones
Works of conference of IMT 2000, specified for discussing the third generation of mobile phone, are to start tomorrow in Hurghada and last for four days.
Regional-Egypt, Business, 3/27/2000
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