Arabic News Weekly Edition for Economics, 9/15/1997
Weekly Edition, Economics - Week of September 15, 1997
- Palestinian Air to begin regular Jeddah flights
Arrangements to draw up a final schedule for flight operations were still underway. Palestine, Business, 9/20/1997 - Talawy addresses economic issues before American Chamber of Commerce
Between 20% to 30% of Eygptians live under the poverty line and the government tries to decrease that percentage by creating new job opportunities and supporting the national societies. Egypt, Economics, 9/20/1997 - Great demand for Egyptian cotton
The number of countries who signed contracts to buy 28.161 tons of different types of the Egyptian cotton reached 19. Egypt, Business, 9/20/1997 - Egypt will put 34 companies up for sale
Other companies will be also put up for sale next year, in addition to 65 companies in 1999 and 84 companies in the year 2000, which is the last year of privatization. Egypt, Economics, 9/20/1997 - Arab data base to link trade information
The Arab date base will provide Arab investors and businessmen with comprehensive data about the Arab trade. Regional, Business, 9/19/1997 - Lebanese oil workers end strike after union signs deal
Workers at the Zahrani refinery on September ended their strike after one of their two unions signed a collective labor agreement with the Ministry of Oil. Lebanon, Business, 9/19/1997 - Large-scale development project to resume next year
The United Real Estate company said it would resume next year the execution of the fifth stage of the waterfront project. Kuwait, Business, 9/19/1997 - Egypt: Egyptian tanker port project
The project includes a tanker port, a dry basin to fix ships, and industrial, commercial, and tourist areas in which special laws will be applied. Egypt, Business, 9/19/1997 - World Bank to organize conference in Cairo
The conference comes at a time when the Egyptian government is encouraging private investment in infrastructure projects, especially those related with electricity, ports and airports. Egypt, Economics, 9/19/1997 - Israel confiscated 33,000 squares of Palestinian lands
The Secretary General of the Palestinian Trade Unions, Haider Ibrahim, stated that Israel confiscated 33,000 squares of Palestinian lands during the first 6 months of this year. Palestine, Economics, 9/19/1997 - American Hughes Company to launch satellite for United Arab Emirates soon
Through this deal the US company will launch the first satellite for telecommunication purposes on the Indian Ocean by the year 2000, and the second satellite will be launched two years later. United Arab Emirates, Business, 9/19/1997 - Egyptian tourism achieves unprecedented numbers
Statistics issued by the Central Authority of Mobilization and Statistics said that the number of tourists in August reached 444,719. Egypt, Business, 9/18/1997 - A chain of restaurants in the commercial district in Lebanon
This chain is part of the restaurant group owned by the Lebanese businessman Beshara Ghor and run by a holding company. Lebanon, Business, 9/18/1997 - The volume of foreign investment in Egypt is LE 980 million
Dr. Fawzy siad that the percentage of foreign participation in the investment sector is increasing, which proves the confidence in the investment environment in Egypt. Egypt, Economics, 9/18/1997 - Tunisian clothes about to enter the US market
Tunisian factories are expected to export $100 million worth of clothes to the USA. Tunisia, Business, 9/18/1997 - Khatami called on Qatar's government to cancel the MENA
President Khatami called Qatar's government to cancel the MENA to avoid the division likely to be created in the Muslim and Arab world due to Israeli participation in this conference Regional, Economics, 9/18/1997 - Ban on Israeli chicken in Egypt
Egypt has banned imports of fresh and frozen chicken from Israel out of fear that the poultry carrying the Newcastle virus. Egypt, Economics, 9/18/1997 - Arab Investment Agreement calls laws that promote investments
The organization highlighted the importance of providing the Secretariat General of the Foreign Affairs with new investment laws and their explanations. Regional, Economics, 9/18/1997 - American company produces animal medicines in Egypt
This will be the first factory in Egypt and the Arab region to produce animal medicines. Egypt, Business, 9/18/1997 - Gaza losses are more than $1 billion
The losses of the labor revenue since the Palestinian Authority took office till now at $1billion as a result of the blockade and repeated closures imposed by Israel against the self rule areas. Palestine, Economics, 9/17/1997 - Egypt: No nuclear power stations set up by private sector
The Minister of Energy and Electricity Engineer Maher Abaza argued that no nuclear power stations will be set up by the private sector. Egypt, Economics, 9/17/1997 - The United States establishes electricity station in Tunisia
The American Company C.I.A.¹s bid to establish a power generating station in the south of the Tunisian capital won the international tender. Tunisia, Economics, 9/17/1997 - Lebanese minister promises to put weight behind ceramics
Minister of Industry Nadim Salem said: "The ceramics industry is one of the main contributors to Lebanese exports." Lebanon, Business, 9/17/1997 - Arabs prepare for economic ministers to meet
The agenda of the meeting includes the Arab free trade zone, especially with respect to its executive plan, which consists of an annual 10 percent tax reduction. Regional, Economics, 9/17/1997 - Kuwait to attend International Monetary Fund, World Bank meetings
The meetings will discuss the World Bank and IMF's annual administrative and financial reports and other international economic and financial developments. Kuwait, Economics, 9/17/1997 - Economic cooperation between Egypt and Germany
More than 100 Egyptian and German businessmen and government officials will meet in the German city of Cologne to discuss the fields of economic and industrial cooperation Regional, Economics, 9/17/1997 - US assists Egypt in the environmental field
The Egyptian Authority for Environmental Affairs began to implement the agreement for decontaminating Cairo's Air which it signed with the United States Agency for International Development. Egypt, Economics, 9/17/1997 - Tunisian National Solidarity Fund carrys out 1,865 social projects
The projects indicated in the report contained educational, welfare and healthcare components. Tunisia, Economics, 9/17/1997 - $19.1 billion loans from the World Bank, the Arab Countries' portion is the least among all countries
Countries in the Middle East and North Africa received loans worth of $950 million compared to $1.6 billion last year. Regional, Economics, 9/16/1997 - Oil conference
The 8th Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will be held next October 11-14. United Arab Emirates, Business, 9/16/1997 - Technical gathering soon in Tunisia
Tunisia headed the World Technical Chamber in 1986, and is scheduled to host its 2001 international gathering. Tunisia, Economics, 9/16/1997 - Qassar elected president of Union of Arab Trade
Qassar pledged he will work at establishing an Arab free trade market which would be the basis for the creation of an Arab economic bloc enabling members to confront the challenges of 21st century. Lebanon, Economics, 9/15/1997 - Expanding the Egyptian Airports
Airports in Eastern Ewaynat and Dakhla will meet the tourist influx and encourage investments in these regions. Egypt, Business, 9/15/1997 - Arab League appeals to Arab countries to pay money owed for budget
The Arab League's budget has remained the same for seven years at about $27 million. Regional, Economics, 9/15/1997 - Arab Investments surpass Europeans ones
Ostrich farming , and fisheries among the many investments by Saudis and many companies looking for a tax haven Tunisia-Saudi Arabia, Business, 9/15/1997