Arabic News Weekly Edition for Economics, 7/7/1997
Weekly Edition, Economics - Week of July 7, 1997
- Kuwait fund okays loan for key Bosnian projects
Kuwait signed an initial agreement with the Bosnian government to finance a number of infrastructureal and development projects in the war-devastated southern Bosnian city of Mostar. Kuwait, Economics, 7/11/1997 - Kuwait to the Kuwaitis: get a job
It is important to provide as many as 10,000 job opportunities by the year 2002, a Kuwaiti parliamentarian was reported by a local Arabic daily as saying. Kuwait, Economics, 7/11/1997 - Kuwait investors to set up 130 million US dollar firm
A group of Kuwaiti banks and other investors are setting up a firm with capital of 130 million US dollars to target investments in gulf utilities and the downstream oil sector, a founder said today. Kuwait, Business, 7/11/1997 - Joint free trade zone with Yemen planned
The Federation of Egyptian Industries (FEI), in cooperation with the Trade Representation Department, will participate in the meeting-Yemeni joint higher committee to be held in Sanaa at the end of this month. Egypt-Yemen, Economics, 7/11/1997 - South Korean group looking for business
A group of Korean businessmen in Cairo are visiting the Alexandria Chamber of Commerce where they met with their Egyptian counterparts. Egypt, Business, 7/11/1997 - 800 Million Dollar investment projects with UAE
Minister of Public Enterprises and Administration Development Dr. Atef Ebied left for Abu Dhabi on Sunday at the invitation of the Abu Dhabi investment fund. Egypt, Economics, 7/10/1997 - Meetings discuss boosting trade ties with Turkey
The joint Egyptian-Turkey Businessmen's Council meeting began yesterday in Istanbul, Turkey, to discuss boosting economic and trade relations. Egypt-Turkey, Economics, 7/10/1997 - Optimism seen for Arab free trade zone
The Organization of Arab Petroleum Exporting Countries (OPEC) said that the gradual establishment of an Arab free-trade zone, based on joint Arab cooperation, would be enough to secure success. Regional, Economics, 7/10/1997 - Total signs Kuwait oil contract
France's Total signed a deal to provide technical assistance to state-owned Kuwait Oil (KOC) on oil-fields shared with Saudi Arabia, a KOC official said. Kuwait, Business, 7/10/1997 - Egyptian government approves 30 new companies
A total of 30 new companies were established during the period from June 28 through July 3 with an aggregate capital of LE 680 million. Egypt, Business, 7/9/1997 - Joint cement plant with China in Hosna
Northern Sinai's government and China will sign a contract for establishing the biggest cement plan in the industrial zone of Hosna in Northern Sinai tomorrow. Egypt, Economics, 7/9/1997 - Power accord signed with Jordan
Minister of Electricity and Energy Maher Abaza said yesterday that the ministry had completed construction of the giant electrical cable crossing Sinai four months ahead of schedule. Egypt-Jordan, Economics, 7/9/1997 - Exports fair to open in October
The head of the International Exhibitions Agency, Rushdi Saqr, said that for the first time his agency sent invitations to leading foreign businessmen and importers to visit the fair and witness the high quality of Egyptian products. Egypt, Economics, 7/9/1997 - Arab states owe Iraq dollars
Arab states owe Iraq a total of 1.5 billion US dollars in unpaid debts, profits on investments and bank deposits, the Iraqi finance ministry said. Iraq, Economics, 7/9/1997 - Deficit Fears in the United Arab Emirates
The United Arab Emirates urged all of its federal ministries to make an effort to cut spending for 1998 to avert a deficit. United Arab Emirates, Economics, 7/9/1997 - Syrian in Iraq for oil deals
A Syrian health official has arrived in Baghdad to pursue trade deals under Iraq's oil-for food deal with the United Nations, an Iraqi newspaper said. Syria-Iraq, Economics, 7/9/1997 - Egyptians to get Gulf war compensation
Next month Egypt is expected to get the second tranche of compensation for Egyptians harmend by the Gulf war. The payout hinges on reviewing the oil-for-food deal between the UN and Iraq. Egypt, Economics, 7/8/1997 - Cairo’s share prices slip in quiet trading
Share prices fell yesterday for the first time in four days in quiet trading which focused on the always-popular banking and cement sector. Egypt, Economics, 7/8/1997 - Algeria, South Africa agree on steps to spur trade
South African Deputy President Thabo Mbeki yesterday agreed with Algerian Prime Minister Ahmed Ouyahia on steps to boost cooperation and trade links, the official Algerian News Agency (APS) said. Algeria, Economics, 7/8/1997 - Turkey removes ban on Baghdad border trade
Turkish Deputy Prime Minister Bulent Ecevit announced on July 7 the lifting of a ban on border trade with Iraq imposed after the 1990 Iraqi invasion of Kuwait. Iraq-Turkey, Economics, 7/8/1997 - Iraq, Sudan reach oil agreement
Iraq and Sudan have signed minutes to follow up the implementation of a joint oil agreement, an Iraqi newspaper said on July 7. Iraq-Sudan, Business, 7/8/1997 - Saudis slap high tax on cigarettes
Saudi Arabia, one of the world's biggest cigarette importers, has raised its tax on tobacco to 100 percent in an effort to curb smoking. Saudi Arabia, Business, 7/8/1997 - Saudi oil refineries upgraded to meet demand
Saudi Arabia is devoting more than 3 billion US dollars to upgrade its major oil refineries to keep pace with rising local product demand and boost middle distillate exports, oil industry sources based in the Gulf said. Saudi Arabia, Business, 7/8/1997 - Egypt, Jordan to tackle boosting trade ties
Jordan’s prime minister met with his Egyptian counterpart to discuss means of fostering economic cooperation. Jordan-Egypt, Economics, 7/7/1997 - Tunisia, South Africa sign air transport agreement
Tunisia and South Africa have signed an accord establishing the legal framework for air links between the two countries, officials said yesterday. Tunisia, Business, 7/7/1997 - Damascus Declaration’s trade cooperation a step on road to common Arab market
A top Syrian lawmaker yesterday said the agreement produced by a recent Arab gathering, including his country and Egypt, to mull a mini-common market was a step in the right direction to make the long-elusive dream of an Arab common market come true. Regional, Economics, 7/7/1997 - Saudi Arabia bans seven professions
Saudi Arabia has banned foreigners from work in seven more categories of government contracts as part of its policy to create jobs for its own citizens, Al Shark Al Awsatt newspaper said. Saudi Arabia, Business, 7/7/1997 - Minister opens workshop on GMPCS
The first workshop on the Global Mobile Personal Communication System (GMPCS) opened in Damascus on July 5. Syria, Business, 7/7/1997 - Saudis to form investment bank in Bahrain
The Bahrain Monetary Agency has recently granted a license to a group of Saudi businessmen who plan to establish a capital investment company. Bahrain-Saudi Arabia, Business, 7/7/1997