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Petroleum discoveries in Egypt worth $2.1 billion
Egypt, Economics, 4/29/2000
Arab states consider replacing foreign labor with Arab labor to deal with Arab youth unemployment
Ibrahim Qaider, the general manager of the Arab Labor Organization, said the organization seeks to make a mechanism that contributes to solving the problem of employing Arab youths and confronting unemployment in general.
Regional, Economics, 4/29/2000
Oman begins negotiations to join WTO
Oman started its first negotiations to enter the World Trade Organization, which can be a challenge for getting into the system of economic globalization, especially as globalization is no longer considered an option, and the countries ignoring it may face isolation and risks, Omani Trade Minister Makboul Ali Sutlan said.
Oman, Economics, 4/29/2000
Ebeid: economic conditions satisfactory
Prime Minister Atef Ebeid said the conditions of the Egyptian economy are extremely satisfactory adding that the government is seriously acting to reactivate demand on the market as an urgent challenge.
Egypt, Economics, 4/29/2000
Egypt to occupy prominent economic position within 10 coming years
US diplomatic sources in Cairo expressed on Thursday confidence that the Egyptian economy would occupy a prominent position in ten years should Egypt keep pace with the current information revolution.
Egypt-USA, Economics, 4/29/2000
Mali, Tunisia sign accord on prevention of double taxation
Tunisia and Mali signed on Friday an agreement on preventing double taxation to promote investments and encourage the private sector to engage in partnership projects.
Tunisia, Economics, 4/29/2000
Granting US and German aid to Jordan
Jordan-International, Economics, 4/29/2000
It is difficult for the time being to assert existence of oil in Morocco
Moroccan Minister of Energy and Mining Youssef Tahiri said it is difficult for the time being to assert that oil exists in Morocco.
Morocco, Business, 4/29/2000
One million German tourists visited Tunis
Tunisian official statistics said that one million German tourist visited Tunis during the last year, as they accounted for 22% of the total foreign tourists who visited Tunis estimated at 4.8 million tourists and nearly a quarter of the European tourism volume coming to Tunis, which reached nearly 4 million persons.
Tunisia-Germany, Economics, 4/29/2000
Morocco hosts Arab conference on women, poverty
The Arab League has accepted Morocco's candidacy to host next May an Arab conference on "women and poverty."
Regional, Economics, 4/28/2000
UAE food aid for Yemen
Yemen-United Arab Emirates, Economics, 4/28/2000
Arab Maghreb electricity grid group meets in Tripoli
The electricity grid group of the Arab Maghreb states held its annual meeting in Tripoli, Libya on Wednesday.
Maghreb, Economics, 4/28/2000
Arab union for steel convenes in Algeria
Regional, Business, 4/28/2000
Spanish power corporation provides 100 mgw to Morocco until 2001
Morocco-Spain, Business, 4/28/2000
French fund consolidates development assistance to Morocco
The French Development Agency (AFD) announced an increase in its budget to development assistance in Morocco which will reach 45 million euros this year.
Morocco-France, Economics, 4/28/2000
Moroccan homeless children association raises funds
Moroccan association for homeless children AMESIP will launch a fund raising campaign in schools from, May 8 through 31.
Morocco, Economics, 4/28/2000
Saudi commercial delegation leaves Lebanon
A Saudi commercial delegation is concluding today its visit to Beirut, Lebanon, which lasted for five days and fulfilled the invitation of the international Lebanese company for marketing and investment.
Saudi Arabia-Lebanon, Economics, 4/28/2000
King Mohammed launches housing projects in Tangiers
King Mohammed VI, who was accompanied by Prince Moulay Rachid and visiting Mauritanian President Mouaouia Ould Sid Ahmed Taya, launched on Thursday housing projects in several poor districts in Tangiers.
Morocco, Economics, 4/28/2000
An assemblage for Egyptian petrochemicals on the Red Sea shores
The executive steps started for establishing a large assemblage for the Egyptian petrochemicals in Ain Sokhna area with a capital of 600 million LE in the participation of Egyptian, Saudi and Iranian companies.
Egypt, Business, 4/28/2000
Morocco, Germany hold economy forum next October
Morocco and Germany will hold an economic forum in Berlin next October, the German Afrika Verein Association announced in its Agenda 2000.
Morocco-Germany, Economics, 4/28/2000
Establishing a new tourism resort in Bahrain
The executive steps have been started to establish a resort in Bahrain worth $22.4 million south of Sheikh Hamad Road, which links Manama and Mahrak.
Bahrain, Business, 4/28/2000
$17 billion in Saudi expenditures on internal tourism
Statistics issued by union of industrial and trade chambers in Jeddah said that the Saudis' expenditures on tourism services inside Saudi Arabia reaches $17 billion annually while the national investments in international tourism and establishing tourism and entertainment resorts between 1995 and now reached more than $6.4 billion dollars.
Saudi Arabia, Economics, 4/28/2000
International symposium for investment and business in Algeria
An international symposium concerning chances of investment in Algeria will be held on June 11 and 12 in an attempt to attract foreign and joint investments to Algeria to address the economic crisis that has been confronting Algeria for years.
Algeria, Business, 4/28/2000
Egypt prepares to participate in Expo 2000 fair in Germany
The Egyptian government decided to form a ministerial committee to be headed by Economy Minister Yusef Botrus Ghali to discuss Egyptian participation in the Expo 2000 fair that will be held in Hanover, Germany, between June 1 and October 31.
Egypt-Germany, Economics, 4/28/2000
Unemployment rate drops slightly during fourth quarter of 1999
The unemployment rate dropped slightly nationwide from 15.1% in July-August 1999 period to 14.5% during Sept-Nov period, the number of idle persons having gone down from 1.53 million to 1.45 million.
Morocco, Economics, 4/28/2000
Accor develops its works in Tunis
The international Accor group for hotels signed a management contract for several hotels and resorts in Tunis that includes 1,400 hotel rooms and related services.
Tunisia-France, Business, 4/28/2000
Development fruits to be reaped by all Egyptians
Mubarak voiced hope that the living standards of all Egyptians would be improved and that "a tangible leap forward" in the quality of life for all Egyptians would be achieved. "We firmly believe that social justice is the basis of the legitimacy of the ruling system and that burdens of life should be fairly shared by all members of society," he added.
Egypt, Economics, 4/27/2000
Egypt, region's key to commerce, investment, stability
The AmChamıs 17th Door knock mission which represents the Egyptian private sector, has recently visited Washington on its own membersı initiative without any governmental interference . Through a long time now, the Mission could establish strong relations in the American circles, working under the slogan of the "Interest of Egypt"; this yearıs slogan was: "Egypt, the Regionıs key to Commerce, investment and stability".
Egypt-Regional-USA, Economics, 4/27/2000
Egyptian economic reform program goes on, private sector given priority
Setting a precedence in Egypt, Economy and Foreign Trade Minister Youssef Boutros Ghali Wednesday held a telephone conference via satellite with international companies and investors on the Egyptian economy and the investment climate.
Egypt, Economics, 4/27/2000
U.S increases aid to Yemen to $50 million next year
Yemen-USA, Economics, 4/27/2000
Moroccan, US firms conclude $50 million drilling accord
The Moroccan state-run Oil Drilling and Exploiting Company ONAREP concluded in Rabat Wednesday a drilling contract with US Lone Star Energy.
Morocco-USA, Business, 4/27/2000
Lebanese premier confers with Arab tourism writers board
Lebanese Prime Minister Salim al-Hoss met on Wednesday with the board of the Arab tourism writers federation, currently meeting in Beirut, in a special session as an expression of solidarity with Lebanon.
Lebanon-Regional, Economics, 4/27/2000
An Egyptian company for tourism investment of $150 million
Accor international group for hotels started establishing a holding company for tourism investment in Egypt with a capital of $150 million to establish many hotels, resorts and floating hotels all over Egypt with investment of $450 million.
Egypt, Business, 4/27/2000
On the issuance of new legislative decrees in Syria
Syria, Economics, 4/26/2000
Egyptian economy minister visits Baghdad
Egypt-Iraq, Economics, 4/26/2000
Syrian Cabinet approves amendment bill for investment law no.10 of 1991
Chaired by Prime Minister Muhammad Mustafa Miro, the Syrian Cabinet held a meeting on Tuesday during which it approved the bill that provides for amending law no. 10 on encouraging investment for the year 1991.
Syria, Economics, 4/26/2000
IMF mission lauds stability of Egyptian credit market
Prime Minister Atef Ebeid said the government would take urgent measures to control recession and activate capital and stock exchange market. He added that all government outstanding debts will be repaid within nine months at LE 2.5 billion per month.
Egypt, Economics, 4/26/2000
Saudi Arabia, Iran to resume air flights
One of the Saudi airlines' planes arrived in Tehran on Monday evening in an experimental flight in preparation for resuming regular flights.
Saudi Arabia-Iran, Economics, 4/26/2000
Qatari minister meets with Japanese consultants to discuss rising water
Qatar-Japan, Economics, 4/26/2000
Italian tourism group injects $60 million in Morocco
The Italian tourism group NESCO will inject some $60 million in tourism projects in Morocco.
Morocco-Italy, Economics, 4/26/2000
Merrill Lynch to hold 1st investment conference on Egypt
Merrill Lynch, a major US-based investment corporation will organize its first conference on investment in Egypt within the coming few days.
Egypt-USA, Business, 4/26/2000
EgyptAir main host for Mediterranean Travel Fair
Egypt-Regional, Business, 4/26/2000
Moroccan oil-refining firm posts $97.5 million profits in 1999
Moroccan oil-refining firm "SAMIR" announced a net profit of $97.5 million (975 million DH) in 1999, a 23% growth compared to 1998.
Morocco, Business, 4/26/2000
World Bank chief in Morocco next week
World Bank President James Wolfensohn will start next Monday a two-day visit to Morocco, WB sources in Washington announced on Tuesday.
Morocco-World Bank, Economics, 4/26/2000
Egypt succeeds in meeting environmental requirements for trade
Nermin Murad, Egypt's deputy assistant foreign minister of the development and environmental affairs, said Egypt has managed to confront attempts to stop its membership in the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).
Egypt, Economics, 4/26/2000
Warnings to Egyptians traveling to Saudi Arabia
Egypt-Saudi Arabia, Economics, 4/26/2000
Emirates Banking Group launches Indian investment company
United Arab Emirates-India, Business, 4/26/2000
Elf Petroleum Qatar to invest $350 million in development
Qatar-France, Business, 4/26/2000
Civil servants' promotion would cost the state $700 million
Generalizing the internal promotion of civil servants, decided under an agreement reached Sunday between the government, two trade unions and employers will cost the state $700 million over three years, said the spokesman of the government, Khalid Alioua.
Morocco, Economics, 4/25/2000
King Mohammed in Tangiers
King Mohammed VI arrived Monday in the northern Moroccan city of Tangiers, where he will dedicate several development projects.
Morocco-Mauritania, Economics, 4/25/2000
Bashar al-Assad opens Sham 2000 IT exposition
Syria, Business, 4/25/2000
Opening Jeddah international tourism fair
Jeddah third international fair for tourism and entertainment cities 2000 started yesterday evening.
Saudi Arabia-International, Economics, 4/25/2000
Gulf states - EU customs cooperation
An official in the United Arab Emirates on Monday in Dubai expressed the optimism of the Arab Gulf states toward achieving progress toward canceling the customs fees of 6% imposed by the European Union on its aluminum exports by the end of this summer.
Gulf-European Union, Economics, 4/25/2000
Al-Assad enacts three decrees on economic crimes
Syrian President Hafez al-Assad has issued three legislative decrees for 2000.
Syria, Economics, 4/25/2000
Arab towns organization holds 12th conference in Kuwait
The Arab towns organization opened in Kuwait on Monday its 12th conference.
Regional-Kuwait, Economics, 4/25/2000
Tetuan wind power plant to cover 2% of Morocco's electricity consumption
The wind power plant under construction in the northern city of Tetuan will cover 2% of Morocco's annual electricity consumption.
Morocco, Economics, 4/25/2000
Moroccan port staff resumes work Monday
Moroccan ports staff resumed on Monday their work following an agreement reached between the government, trade unions and the employers association, the Employment Ministry announced.
Morocco, Economics, 4/25/2000
Algeria records trade surplus
Algeria, Economics, 4/25/2000
$800 million in Egyptian exports to Iraq
Egypt-Iraq, Economics, 4/25/2000
Establishing a holding company for technology in Kuwait
Kuwait, Business, 4/25/2000
China donates $60,000 to Morocco
Morocco-China, Economics, 4/25/2000
Syrian - Saudi free trade zone opened
Works of the Syrian - Saudi technical committee in charge of working out a draft agreement for the establishment of a free trade zone between the two states were concluded on Sunday, following two days of deliberations.
Syria-Saudi Arabia, Economics, 4/24/2000
Head of the delegation of the European Commission in Damascus
The head of the delegation of the European Commission in Damascus, Marc Pierini, gave a lecture on April 19 at Goethe Institute in Damascus under the title "Perspectives for a Euro-Syrian partnership."
Syria-European Union, Economics, 4/24/2000
Morocco, Egypt to upgrade cooperation in audit
Morocco and Egypt agreed in Cairo Sunday to upgrade bilateral cooperation in audits through exchange of visits and experiences.
Egypt-Morocco, Economics, 4/24/2000
Stopping establishing private aviation companies in Egypt
Egypt, Business, 4/24/2000
Jordan: Economic relations with Israel are not proceeding satisfactorily
Jordanian Prime Minister Abdul Raouf al-Rawabdeh has asserted that most joint Jordanian- Israeli economic projects are not proceeding satisfactorily.
Jordan-Israel, Economics, 4/24/2000
Meetings of the Egyptian - Japanese businessmen council in coming October
The first meetings of the joint Egyptian - Japanese businessmen's council were sheduled to be held in October in Tokyo with the participation of 50 businessmen in the two countries in the framework of celebrating Egypt's year in Japan, as supporting means of cooperation among the business organizations in the two countries has been discussed and increased the volume of joint investment.
Egypt-Japan, Business, 4/24/2000
200 companies participate in GITEX Cairo 2000
200 worldly computer companies from 17 Arab, European, American and Asian states participated in the fair of GITEX Cairo 2000.
Egypt-Regional, Business, 4/24/2000
Egyptian business mission visits Sweden
Egypt-Sweden, Business, 4/24/2000
The Gulf Microsoft moves to Dubai Internet City
United Arab Emirates, Business, 4/24/2000
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