Arabic News Weekly Edition for Economics, 8/25/1997
Weekly Edition, Economics - Week of August 25, 1997
- Palestinian budget shortage doubled
The Palestinian Minister of Economics Maher El-Masri revealed yesterday that the Palestinian Authority's budget for this fiscal year exceeds twice what had been voted on earlier this year. Palestine, Economics, 8/30/1997 - Gulf and Foreign Projects
A well-informed source in the Saudi Ministry of Commerce stated that joint projects between companies from the Gulf Coucil countries and foreign companies numbered 1213 in 1996. Gulf Region, Economics, 8/30/1997 - International Bank allocates $300 million loan to Egypt
The International Bank allocated a new loan to Egypt to modernize agriculture and other sectors. Egypt, Economics, 8/30/1997 - Arab unemployment problem looms
The director of the Arab Labor Organization, Bakr Mahmoud Rasoul, expected that the volume of the unemployed labor will be 100 million people by the year 2000. Regional, Economics, 8/30/1997 - Bahrain oil production increased
According to a recent report from the Bahraini Ministry of Oil and Industry, Bahrain's oil production increased during the first half of 1997. Bahrain, Economics, 8/30/1997 - Jordanian-Israeli peace airport
The Jordanian Minister of Transportation and his Israeli counterpart are scheduled to sign an agreement to jointly operate the Jordanian Aqba airport on Sunday. Jordan, Business, 8/29/1997 - Omani bourse hailed
Omani Minister of Trade and Industry Maqbul bin Sultan said Omani Stock Exchange rules and regulations were praised by international financial institutions Oman, Economics, 8/29/1997 - Syrian economic reforms
Syrian Minister of Economy and Foreign Trade, Mohamed Imadi, announced yesterday that Syria would carry on its economic reforms. Syria, Economics, 8/29/1997 - Ministry of education offers jobs to Kuwaitis
The Ministry of Education will provide 800 job opportunities to Kuwaiti citizens who are interested in joining the educational corps. Kuwait, Economics, 8/29/1997 - Palestinians warn of a human catastrophe
Palestinian refugees are classified as temporary residents and do not benefit from government services, leaving them largely dependent on UNRWA for schooling and health care. Palestine, Economics, 8/29/1997 - International Bank gives loan to non-governmental Palestinian organizations
The IB board of directors agreed on allocating a 10 million dollar grant to set up a fund that would support the non-governmental organizations (NGO) working in the West Bank and Gaza Strip. Palestine, Economics, 8/28/1997 - Hariri rejects suggestion that Lebanon issue new foreign debt bonds
The Lebanese foreign minister reached an agreement with the economic institutions on the necessity of fixing the country's general debt. Lebanon, Economics, 8/28/1997 - Industrialization necessary to diversify Gulf committee countries' income
Saudi Minister Yamani called on Gulf Cooperation Council states to embark on industrialization to diversify income in light of the world's shaky oil prices and increasing competition in the petroleum sector. Gulf Region, Economics, 8/28/1997 - Syrian Central Bank passes resolution to altering lira exchange rate
The Syrian Central Bank passed a resolution to alter the Syrian Lira exchange rate for foreign currencies. Syria, Economics, 8/28/1997 - Tunis to host trade unions
The conference of African Unity Trade Unions, scheduled to be held in Tunisia from September 5-12, is expected to focus the Arab and international labor standards. Tunisia, Economics, 8/27/1997 - Kuwaiti stock exchange post gains
The index of Kuwait's stock exchange rose 11.3 points Kuwait, Economics, 8/27/1997 - We must halt the flight of Arab money says Dajani
Investment in Jerusalem will be one of the topics discussed when Beirut hosts the seventh Arab Businessmen and Investors Conference. Regional, Economics, 8/27/1997 - Privatization of 314 companies expected to yield 52 billion
An economic report showed that 76 companies have so far been privatized; it indicated that this move has increased profits of those companies by 50-80 percent. Egypt, Economics, 8/26/1997 - Iran resumes flights to Saudi Arabia Saudi Arabia, Business, 8/26/1997
- Japanese factory planned for Gaza Strip
The project will depend on progress in the peace process between Palestinians and Israelis. Palestine, Business, 8/26/1997 - South Korea to boost unionist ties with Egypt
Rashed agreed to dispatch an ETUF delegation to visit South Korea shortly to discuss means of bolstering unionist cooperation. Egypt, Economics, 8/26/1997 - Economic cooperation between Latvia and Egypt
3 cooperation pacts were signed between Latvia and Egypt in tourism, public health and medical and maritime sciences. Egypt, Economics, 8/26/1997 - Russian-Egyptian trade volume L.E 350 million
Trade volume between Russia and Egypt during last year hit L.E 350 million, equal to one-third of the 1990 trade volume. Egypt, Economics, 8/26/1997 - Egyptian gold and silver circulation active
The amount of gold circulated in the Egyptian market hit 85 tons in gold works and 5 tons in gold ingots. Egypt, Economics, 8/26/1997 - Iraq exports 14 million barrels of oil in one week
Iraqi Minister of Oil Amir Muhammed Rasheed said that Iraq could export one million barrels per day. Iraq, Economics, 8/25/1997 - Damascus International Fair
The fair is not only a place to exhibit the participating countries' products but also a commercial tradition honored each year. Syria, Economics, 8/25/1997 - A Palestinian-Israeli meeting failed on the Palestinian boycott of Israeli goods
The Palestinian party, represented by Palestinian industry and trade officials, said that as a condition to ending the boycott of Israeli goods, Palestinian tradesmen and workers should be allowed to enter Israel. Palestine, Economics, 8/25/1997 - Sohar aluminum project to boost trade ties with China
The planned Sohar aluminum smelter project will boost trade relation between Oman Sultanate and China. Oman, Business, 8/25/1997 - Trade team in Iraq
During the 7-day visit, the team will hold intensive talks with senior Iraqi officials on exporting food to Iraq within the oil-for-food deal. Iraq-Egypt, Economics, 8/25/1997 - Libya-Niger set up regional cooperation
Well-informed officials stated that Libya and Niger would set up a 5-nation-Saharan economic grouping in an attempt to enhance regional cooperation. Libya, Economics, 8/25/1997 - 50 firms take place in the Kuwaiti exhibition on education
Fifty exhibitors participated in the first Educational Instruments Exhibition. Kuwait, Business, 8/25/1997 - Saudi exhibition in Kuwait
Saudi Arabia decided to establish its first exhibition for its products in Kuwait under the title "Made in Saudi Arabia." Saudi Arabia-Kuwait, Business, 8/25/1997