Arabic News Weekly Edition for Economics, 11/3/1997
Weekly Edition, Economics - Week of November 3, 1997
- Child book fair to open on November 24
Egypt's First Lady Suzanne Mubarak is due to open the Cairo International Children's Book Fair on November 24. The exhibition is scheduled to run until December 6, said the head of the International Fair and Exhibition Authority, Mohamed El Said Saleh. Egypt, Business, 11/8/1997 - Arab League criticizes US sanctions against Sudan
Ambassador Ahmed Bin Haly stated that the method of imposing economic sanctions on countries has become unacceptable Sudan, Economics, 11/8/1997 - $100 million World Bank aid to Yemen
The first loan, worth $80 million, will be used in helping the financial and banking sectors and in attracting more investments and supporting the monetary policies which will reflect positively on the banking activities with the customers and with the Central Bank. Yemen, Economics, 11/8/1997 - Formation of first major Arab Export bank
The Arab commercial bank will be a substitute for merging Arab banks in order to set up one big Arab bank, due to the impossibility of achieving this merger at the present time. Regional, Business, 11/8/1997 - 500 airlines to participate in Dubai Aviation Exhibition
The UAE will host next month the Dubai International Aviation Exhibition 97 which will witness a fierce competition between plane manufacturing companies. Regional, Business, 11/8/1997 - Japanese investments in Saudi Arabia
Lower-than-expected Japanese investment in Saudi Arabia is caused by the lack of information available to Japanese investors about the investment environment in Saudi Arabia. Saudi Arabia, Economics, 11/8/1997 - Egyptian oil production down 2 percent
The proceeds from the oil exports decreased by 7.9% and the production of the natural gas decreased by 2%. Egypt, Business, 11/8/1997 - Number of the commercial flights in Morocco increases
Statistics issued by the Airport of Aghadir Authorities said that the number of passengers was 241,453 compared to 211,584 passengers during the same three months last year, an increase of 14.12 %. Morocco, Business, 11/8/1997 - Morroco going green through Wind Power
Morocco needs to double its electricity capabilities by the year 2000 to offer electricity to the industrial establishments at suitable prices after the shortage of rains decreased the production of the electricity power in Morocco. Morocco, Business, 11/7/1997 - European companies sign oil exploration deal with Libya
Rubsol started its activities in Libya in 1994 when it was part of a group of other European companies in an agreement in which the Spanish company had 40% of the total works. Libya, Business, 11/7/1997 - Tunisia and Israel duke it out over fruits
He commented that an Israeli company specializing in producing and marketing grains and fruits to France started a fierce confrontation with the Tunisian dates after the latter proved its high quality in the French market. Tunisia, Business, 11/7/1997 - Sudan stops US bank transactions Sudan, Economics, 11/7/1997
- With Libya and Jordan connected, Abaza sees economic closeness
The first phase of the project connecting Egypt with Jordan, which is extended from Taba in Egypt to Aqaba in Jordan through 4 cables installed under the sea water with a 400 kilovolt capacity, will be finished before the end of the current year. North Africa Region, Economics, 11/6/1997 - Morocco signs oil exploration contracts with foreign companies
The Moroccan National Office for Oil Researches and Investments recently signed a contract with the British Summer New Land to explore oil in the Suyra area. Morocco, Business, 11/6/1997 - Jordan-Israel airport to begin tests Jordan-Israel, Economics, 11/6/1997
- Sudan trade ban Sudan, Economics, 11/6/1997
- Saudi oil production Saudi Arabia, Business, 11/6/1997
- Libya: efforts to promote tourist sector
Libyan Minister of Tourism Gawdat Al Bukhary stated that Libya is trying to promote the tourist travel to Libya in spite of the embargo imposed on it, which has been a great burden on the Libyan economy since 1992. Libya, Economics, 11/6/1997 - Libyan oil pipeline on the way to Egypt
The 622 kilometer pipeline will have a capacity of 2 million barrels a year. Egypt-Libya, Economics, 11/5/1997 - Egypt wants permanent seat in Atomic Agency
Abaza stated that Egypt had finished erecting the experimental nuclear reactor in Inshas whose operation will start beginning of next year for peace purposes in the fields of petrol, food, and medical equipments. Egypt, Economics, 11/5/1997 - Conference in Bahrain: Egypt a promising market
The American Chamber of Commerce in Egypt and the Arab Banking Institution organized yesterday in Bahrain a conference entitled "Egypt: a promising market" Egypt, Economics, 11/5/1997 - UAE delegation in Baghdad
UAE sources stated that the delegation includes government officials from Dubai to study the possibility of providing Iraq with food and medicines within the oil-for-food agreement. United Arab Emirates-Iraq, Economics, 11/4/1997 - World Bank invests $500 million in Morocco
World Bank President Sobrine Arnoine confirmed that he discussed with Moroccan officials the bank's investment plan in Morocco and joint projects in the fields of infrastructure, energy, communication, roads, and environment. Morocco, Economics, 11/4/1997 - Boeing to deliver advanced airplanes to Tunisia by 1999
The deal will allow Tunisian Airlines to give Boeing back the 737 model 200 and 727 model 200 planes which have been in use for the past twenty years. Tunisia cannot use these planes any more due to new European and international regulations specifying the kind of planes allowed to fly on international lines. Tunisia, Business, 11/4/1997 - World bank Regional, Economics, 11/4/1997
- Tunisian currency release Tunisia, Economics, 11/4/1997
- Egypt stock market and limited effect by Hong Kong turmoil
Some cash-strapped foreign investors hit by the stock market crisis in southeast Asia, had to sell their security at the Egyptian stock exchange. Egypt, Economics, 11/4/1997 - Egyptian stocks close higher
Egyptian shares closed higher yesterday to sustain a modest rally, seemingly unaffected by continuing volatility in markets around the world, brokers said. Egypt, Economics, 11/3/1997 - 402 Projects with the Capital of $19.836 billion in Gulf Countries
Statistics provided by the secretariat general of the GCC showed that the UAE's share is 124 projects with a capital of $1049.09 million Gulf Region, Economics, 11/3/1997 - Tunisian olive oil production decreases
Tunisia has a reserve of the olive oil from the previous season estimated at 160 thousand tons which will help it to provide the local and international markets Tunisia, Economics, 11/3/1997 - Saudi Arabia's airplane deal in jeopardy Saudi Arabia, Economics, 11/3/1997