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Arabic News Front Page for 10/17/1998

Originally published

Today's Headlines

Short Takes

  • The Arab Environment Ministers Council awarded its 1997 prize to Moroccan professor Ahmed Hattab for his research study on "Integrating Environment in School Syllabi." Go
  • It was decided to establish three new major electrical stations in the Sinai, each with a capacity of 650 megawatts, which equals the electrical energy produced from the High Dam's generating station. It will support the electric net and fulfill different development needs. Egyptian Minister of Electricity Maher Abaza told ArabicNews.com yesterday that the stations will be established with "BOT" system without placing any financial responsibility on the Egyptian government. However, Abaza did not reveal the estimated costs for these projects, saying it is still under study. Go
  • The Egyptian central bank agreed to allow the Egyptian Arab bank issue long-term bonds for 10 years worth LE 150 million. Alaa Al-Owsia, the head of the bank's board of directors, told ArabicNews.com that the bank will raise the bonds for general subscription before the end of the current year, adding that the expected income from the subscription will not be less than 11%. These bonds will contribute to financing real estate projects throughout Egypt. Go
  • Zohdi El-Kodra, Palestine's ambassador in Cairo, warned today that the Israeli procrastination in withdrawing from the West Bank will be the main factor in an explosion of violence in the Arab occupied lands. El-Kodra stated that the current summit in Washington is a good opportunity for peacemaking and that the Israelis should take the opportunity to get out of the current crisis in the peace process. Go
  • Egyptian diplomatic sources said today that Egyptian Foreign Minister Amr Moussa will start a two-day visit to Jordan on October 24, during which he will meet with Jordanian Crown Prince Hassan and high-ranking officials in Jordan. Go