Arabic News Weekly Edition for Economics, 12/8/1997
Weekly Edition, Economics - Week of December 8, 1997
- Algeria puts 300 public establishments up for sale
Despite the wave of violence which it is currently witnessing, Algeria has managed to overcome its financial dilemma as a result of the practical procedures adopted by the Algerian authorities in the economic and financial fields. Algeria, Economics, 12/13/1997 - Extensive plan to reform Tunisian banking system
There is a movement in Tunisia advocating carrying out an extensive reform plan in the national banking system in order to cope with the changes resulting from comprehensive integration with the European Union. Tunisia, Economics, 12/13/1997 - 19 investment projects discussed.
Government officials and businessmen from the Gulf Cooperation Council's member states ended a two-day meeting in Muscat on investment opportunities in Oman. Oman, Economics, 12/13/1997 - Cairo refuses joint free industrial zone with Israel
Egypt has refused a proposal to establish a joint free industrial zone with Israel similar to the free zone established between Israel and Jordan. Egypt-Israel, Economics, 12/13/1997 - US donor organization's vice president visits Egypt today
The U.S. donors organization vice president Sally Shulton arrives in Cairo today on a 5-day visit to Egypt. Egypt, Economics, 12/13/1997 - Security preparations for New Year's Eve, Ramadan
Intensive security measures will be implemented over the next few weeks leading up to News Year's Eve celebrations and the Muslim holy month of Ramadan. Egypt, Economics, 12/13/1997 - Merger between sugar producing companies in Morocco
Sources in the Moroccan Ministry of Trade said that three Moroccan sugar producing companies have merged into one company, called Sorak. Morocco, Economics, 12/13/1997 - Tunisia: $1.8 billion trade deficit
Commercial exchanges in Tunisia in the first 9 months of year this totaled $4.415 billion concerning exports and $6.225 billion dollars concerning imports, a shortage of $1,809 million. Tunisia, Economics, 12/13/1997 - Trade exchange between Iraq and UAE $400 million annually
The Iraqi Minister of Trade is currently visiting the UAE as he heads an official Iraqi delegation that is participating in the Arab-African Cooperation Seminar which is held in Sharja. Iraq-United Arab Emirates, Economics, 12/12/1997 - Newly introduced economic reforms in Syria
Syria has embarked on a new policy to maintain economic reforms, focusing on four principles: a larger role for the private sector, a new focus on exports, reduced restrictions on imports, and restoring the balance in the macro-economic framework. Syria, Economics, 12/12/1997 - Egyptian-Saudi committee meets next April
The committee will discuss the necessary steps for setting up the free trade zone between the two countries and for boosting the two countries' relations in a number of fields. Egypt-Saudi Arabia, Economics, 12/12/1997 - Economic Cooperation Between Libya and China
The Chinese Undersecretary confirmed that China is helping the Libyan people in facing the sanctions imposed on Libya Libya, Economics, 12/12/1997 - Terrorism has cost Algeria $16 Billion
Algerian terrorist attacks on the economy cost Algeria up to $16 billion US in five years of conflict to the end of 1996, according to the main trade union quoted yesterday by national newspapers. Algeria, Economics, 12/12/1997 - The World Bank supports the Palestinian Non-Governmental Organizations
the World Bank (WB) signed an agreement with the Cooperation Establishment through which the latter will run this project whose budget is $14.5 million Palestine, Economics, 12/12/1997 - Boosting Trade Between Algeria and United Arab Emirates
The Algerian Minister of Trade Bakhty Balayeb confirmed that this visit aims to identify investment and trade opportunities available in the two countries Algeria-United Arab Emirates, Economics, 12/12/1997 - Bahrain power plant Bahrain, Economics, 12/12/1997
- Terrorist attacks negatively affect foreign investment in Algeria Algeria, Economics, 12/12/1997
- Financial protocol between France and Syria
The protocol, worth 150 million francs, will be used in financing 6 projects in the field of irrigation, electricity, and the advanced technologies. Syria, Economics, 12/12/1997 - Yemen prepares to set up stock market
Discussions are underway with Arab stock markets and the Arab Monetary Fund to assist Yemen in establishing the basis and rules of the Yemeni stock market. Yemen, Economics, 12/11/1997 - Four billion dollar electrical project between Arab countries and Europe
A European group had allocated $4 billion to finance an electrical connection project between the Arabian networks and Europe in the next two years. Regional, Economics, 12/11/1997 - Europe to tax Egyptian cotton
The European commission has imposed new taxes on Egypt's bed sheets exported to European market, in a move likely to effect Egyptian cotton. Egypt, Economics, 12/11/1997 - UAE oil revenues increase by $1.4 billion
The UAE's quota increased from 2.161 million barrels per day to 2.366 barrels per day, an increase of 205 thousand barrels a day. United Arab Emirates, Economics, 12/11/1997 - The Sudanese minister of commerce to visit Cairo next January
Talks will address economic, investment, and commercial cooperation between the two countries. Sudan-Egypt, Economics, 12/11/1997 - 35,000 employees pensioned off
25,000 among them were extra employees while the rest do not have required experience. Yemen, Economics, 12/11/1997 - Palestinian development and housing bank
The Palestinian Development and Housing Bank is ready to begin working in the Palestinian self-rule areas with a capital of 50 million dollars. Palestine, Economics, 12/11/1997 - Private power plant developed in Syria
It is the first power project to be undertaken by the private sector in Syria and is expected to be operational by the year 2,000 Syria, Business, 12/10/1997 - Morocco allocates 3 billion for fishing sector
Morocco decided to allocate 3.56 billion dirhams to revive and develop its fishing sector in the southern areas Morocco, Economics, 12/10/1997 - Jordan studies its need for Iraqi oil
Jordan is trying to assess the amount Iraqi of oil need each year in preparation for the start of negotiations with Iraqi officials to renew an annual agreement in this concern. Jordan-Iraq, Economics, 12/10/1997 - 18 countries agree to establish Arab commercial zone
Rashid said that so far no objections have been made by any Arab country about the source of certificates for the Arab goods or the descriptive measures for goods. Regional, Economics, 12/10/1997 - Economic transition
Public Enterprise minister Dr. Atef Ebied on Thursday night highlighted Egypt's transition from a centrally planned economy to the market style. Egypt, Economics, 12/10/1997 - Egyptian manpower for Libya and Jordan
Egypt's Ministry of Manpower and Immigration Tuesday started to receiving applications from Egyptians seeking jobs in Jordan and Libya, a ministry source said. Regional-Egypt, Economics, 12/10/1997 - Symposium to preserve Arab technology transfer property
Participants in the Arab symposium for concession and technology transfer rights recommended the formation of a united Arab law on concession and technology transfer rights, an Arab conference for electronic trade via the Internet and improvements in Arab industries. Regional-Jordan, Business, 12/10/1997 - Electrical connection between Gulf Cooperation Council Countries costs $1.3 billion
The Ministers of Electricity and Water in the GCC countries held an emergency meeting in Riyadh in which they discussed the suggestions on the electrical connection project among the GCC countries. Gulf Region, Economics, 12/10/1997 - Libyan leader calls for increasing investments in Egypt and Sudan
Gaddafi called for increasing Libyan revenue from tourism and increasing the number of the exported commodities other than oil products. He asked all Libyans to combat corruption and bribery. Libya, Economics, 12/9/1997 - Syrian - Kuwaiti committee met on economic cooperation
The committee has discussed many work papers which include aviation, transport, tourism, culture and education besides debating investment possibilities in Syria and the working mechanism of the Kuwaiti Holding Company. Syria-Kuwait, Economics, 12/9/1997 - Yemeni government ratifies 1998 budget
The expenditures in this budget were 350.35 billion Yemeni riyals with an increase of 36.67 billion over last year's expenditures. Yemen, Economics, 12/9/1997 - Egyptian - Iraqi exchange
Mohamed Mahdi Saleh the Iraqi trade minister said he expects serious steps over the coming period to further trade links between his state and Egypt. Egypt-Iraq, Economics, 12/9/1997 - Morocco tries not to renew fishing treaty with Europe
The European Union will compensate Morocco with 140 million eco ( 1.5 billion dirham). This amount includes permit costs for fishing in Moroccan territorial waters. Morocco, Economics, 12/8/1997 - Jordan supplies Israel with water
"Jordan is to supply Israel with 10 million cubic meters of water from Wadi Araba district as an implementation of Wadi Araba Agreement", said Jordainan irrigation minister Munzir Hadadin. Jordan, Economics, 12/8/1997