Arabic News Weekly Edition for Economics, 8/4/1997
Weekly Edition, Economics - Week of August 4, 1997
- Lebanon signs deal with Egypt
The Lebanese government will give illegal Egyptian workers three months to leave the country Lebanon-Egypt, Economics, 8/8/1997 - Unitel to be held in Egypt
The hotel suppliers' fair will be held for the first time in Egypt in November. Egypt, Business, 8/8/1997 - Egypt to participate in Europe-Mediterranean economic conference in tunis
Egypt will participate in a European partnership conference in Tunis in September to promote economic and trade ties among the private sectors of European and Mediterranean countries. Egypt, Economics, 8/8/1997 - Islamic Bank export loans to Tunisia
Tunisia signed four loan agreements worth 23.7 million U.S dollars with the Islamic Bank (IDB) for development of its steel and paper industries. Tunisia, Economics, 8/8/1997 - Arabs should pay financial commitments
Participants in the 9th General Assembly meeting of the Arab Authority for Atomic Energy in Tunis called on member states to pay their financial commitments to the authority. Regional, Economics, 8/8/1997 - New rules to reform Egyptian stock market
A new decree aimed to prevent investors from manipulating prices on the emerging stock market was issued, changing the way the closing stock prices are calculated and announced., Egypt, Business, 8/7/1997 - Oman Oil Increases
Oman’s annual output of crude oil has increased by 2 percent compared to last year. Oman, Economics, 8/7/1997 - Sixty million US dollars from Italy to Lebanon
Italy will provide Lebanon with three soft loans totaling 60 million US dollars under an agreement signed by Italian ambassador to Lebanon and Nabil Jisr president of the council for development and reconstruction. Lebanon, Economics, 8/6/1997 - The revival of an old Kuwaiti craft
Kuwaiti shipbuilders have consented to train 30 students from a summer club in the art of shipbuilding. Kuwait, Business, 8/6/1997 - 30,000 Egyptians working in Lebanon
At a news today conference in Lebanon, Minister of Labor Assad Hardan and his Egyptian counterpart disclosed the details of the discussions concerning the implementation of the 1993 labor agreement between the two countries. Lebanon-Egypt, Economics, 8/6/1997 - Kuwait's real estate market witnessing moderate trading
A real estate report stated that the real estate sector, especially on the investment and the commercial levels, is expected to pick up in the second part of the summer. Kuwait, Economics, 8/6/1997 - Investment guarantees act to be issued today
The executive regulations of the investment guarantees and investment act will be issued today, to be approved later by Egyptian Prime Minister Dr. Kamal El Ganzouri. Egypt, Business, 8/6/1997 - Egyptian, Syrian workers support Arab common market
Egyptian and Syrian workers stated their full support for an Arab common market to consolidate Arab countries' capabilities. Syria, Economics, 8/6/1997 - Saudi Arabia to start talks with WTO
Saudi Arabia says it hopes to join the WTO as an observer next year and become a full member by the year 2002. Saudi Arabia, Economics, 8/6/1997 - Twenty-one new factories in Jordan
The ministry said investment in the factories will total 46 million US dollars. Jordan, Economics, 8/5/1997 - Cairo bourse down
Egypt share prices were subdued, shrinking back from last week’s levels in the lowest trade volume so far in 1997. Egypt, Economics, 8/5/1997 - Kuwaiti fair firm will organize 21 exhibitions by end of 1997
The chairman of the Kuwait International Fairs Company, Mohammed al Gharbally, told the Kuwaiti daily al Watan that his company will organize 21 exhibitions by the end of 1997. Kuwait, Business, 8/5/1997 - Saudi Arabia turns back trucks carrying Lebanese produce
Trouble that may cause an another agricultural trade crisis reappeared following the rejection of hundreds of tons of Bekaa potato exports on the grounds that they did not meet packing specifications. Lebanon-Saudi Arabia, Economics, 8/5/1997 - 2.5 million barrels per day of oil is the capability of Iraq now
"Iraq can from today, August 4, export 2.5 million barrels per day of crude oil,"Taha Hamoud the Iraqi under-secretary of oil said Iraq, Economics, 8/4/1997 - Saudi national shipping company signs financing facilities with Manhattan bank
A Saudi Arabian shipping company signed two financing facilities worth 426.5 million US dollars with Chase Manhattan Bank. Saudi Arabia, Business, 8/4/1997 - Saudi to develop industry in Asir
Saudi Arabia plans to develop an industrial zone in the southwestern Asir farming region where 67 industrial projects will be implemented soon, the industry minister said. Saudi Arabia, Economics, 8/4/1997 - Yemen parliament wants local labor in oil sector
Yemen’s parliament has called on the government to draw up a timetable to increase the percentage of nationals working in the oil sector, the official al Thawra newspaper said. Yemen, Economics, 8/4/1997