Arabic News Weekly Edition for Economics, 12/15/1997
Weekly Edition, Economics - Week of December 15, 1997
- Arab petrol ministers discuss coordination of petrol policies
The Arab petroleum ministers who are members of the Organization of Petroleum Exporting Countries (OPEC) will meet today to discuss how to coordinate policies and achieve integration in joint Arabian petroleum enterprises. Regional, Economics, 12/20/1997 - France implements major projects in UAE
The director of the Civil Aviation Department in Abu Dhabi stated that the Airport De Paris Authorities won a deal worth 700 million dirhams ($190 million) to expand the Abu Dhabi International Airport. United Arab Emirates, Economics, 12/20/1997 - Tourism inspections in Egypt
Egypt's tourism minister met with a group of businessmen and investors who are currently establishing a tourism investment center in southern Taba. Egypt, Economics, 12/20/1997 - $113 million loan for dam construction in Jordan
The dam is designed to gather rain water that would be used for industrial and agricultural purposes in the southern area of the Jordan Valley, the sources added. Jordan, Economics, 12/19/1997 - Moroccan - French committee resumes meetings
The French-Moroccan high committee has concluded its first meeting in Rabat, headed by French Prime Minister Lionel Jospin and his Moroccan counterpart Abdellatif El-Filali. Morocco, Economics, 12/19/1997 - Qatar, Dubai gas pipeline talks
A project to supply Dubai with Qatari natural gas through a pipeline is being discussed and is in its final stages Qatar-United Arab Emirates, Business, 12/19/1997 - Oman, Egypt join inter-Arab trade accord
An Arab League committee urged Arab countries to expedite joining an agreement to promote inter-Arab trade. Regional, Economics, 12/19/1997 - Arab states want sanctions on Libya, Sudan, and Iraq off
At the conclusion of the 8th Arab Parliamentary Conference being held in Libya the heads of the parliamentary delegations condemned all shapes and aspects of terrorism and violence. Libya, Economics, 12/18/1997 - Yemen signs two agreements worth $24 million
The United Nations Media Center in Sanaa said that the enterprise will help more than 48,000 families. Yemen, Economics, 12/18/1997 - Ahmed Bin Said: Privatizing UAE aviation sector is good
The director of the Civil Aviation Department in Dubai said the group is expected to achieve record profits in the current year, exceeding $76 million as a result of rapid growth in the aviation sector. United Arab Emirates, Business, 12/18/1997 - Joint Arab - European Chambers of Commerce meet in Damascus
The meeting aimed at reactivating economic relations with Europe through the promotion of investment in the creation of a center for Arab exports, the organization of delegations and seminars on investment and the creation of an Arab - European surveillance company. Regional, Economics, 12/18/1997 - Arab - European chambers team briefed on Syrian economy
Mahmoud al-Zoubi spoke about the growing development in the agricultural, industrial, and service sectors in the country depending on self-reliance, making it clear that Syria succeeded in overcoming crises that usually face developing countries. Regional, Economics, 12/18/1997 - MEA board members resign
Six members of Middle East Airlines' board of directors have submitted their resignation following weeks of investigations into a suspicious deal. Lebanon, Business, 12/18/1997 - Moroccan Highway Company waiting for answer from French and US banks
The company is waiting for an answer regarding loans in order to increase the capital of the company by an additional $160 million, to increase the company's work in some areas of Morocco and help finance current projects. Morocco, Business, 12/18/1997 - IMF study: The economies of the Middle East
The International Monetary Fund estimated that the Middle East will achieve a growth rate of 4% and that the rate of individual incomes in comparison to the national net product will also increase for the second consecutive year. Regional, Economics, 12/17/1997 - Moroccan National Investment Company to increase capital
The subscription will be opened only to establishments who already own shares in the capital of the company. Those establishments are mainly insurance companies and national and foreign banks. Morocco, Business, 12/17/1997 - Beirut airport gets new passenger terminal
Lebanese Prime Minister Rafik Hariri on Tuesday inaugurated a new passenger terminal at Beirut International Airport, the first phase of an ambitious long-term project to renovate and expand the airport which began in 1994. Lebanon, Economics, 12/17/1997 - Syrian investment council approves new investment projects
These include 29 coaches, 70 micro-buses, and 158 trucks licensed at a cost of 683 Syrian pounds, providing some 480 job opportunities. Syria, Economics, 12/17/1997 - Free trade zones in Jordan valley
Authorities in the Jordan valley will establish free trade and industry zones in the valley with the objective of reactivating trade with Israel and Palestine. Jordan, Economics, 12/17/1997 - Lebanese - Libyan economic relations discussed Lebanon-Libya, Economics, 12/17/1997
- Products from 250 Saudi companies in exhibition
250 Saudi national companies will participate in the 16th National Industries Exhibition that will last for 10 days. Saudi Arabia, Business, 12/17/1997 - Spain and Morocco agree to protect direct investments, new loans
An official Moroccan economic source told to ArabicNews.com that Morocco and Spain signed in "Madrid" a set of agreements to protect direct investment Morocco, Economics, 12/16/1997 - US - Saudi businessmen council to meet in Riyadh
The meeting will discuss natural resources in Saudi Arabia, investments in the mineral field and modern techniques in industry in addition to financing joint projects. Saudi Arabia, Business, 12/16/1997 - Fierce competition in Dubai international exhibition
The exhibition was an important occasion for the participating countries to exhibit their most advanced and powerful products of all kinds of planes, including fighter planes. United Arab Emirates, Business, 12/16/1997 - French Alcatel installed 4 million telephone lines in Arab countries
The company had installed 130 million lines in 30 different countries in the world through the end 1996 including, 22 million lines last year. Regional, Business, 12/16/1997 - German banks interested in Moroccan privatization
German financial sources said that Dresdeneer bank, the second most important private financial corporation in Germany, wants to start doing business in Morocco and establish cooperation with local banks. Morocco-Germany, Business, 12/16/1997 - 10 banks set up Arab bank with $400 million capital
The bank whose capital will be $400 million for financing trade and investment operations among Arab countries, especially after signing the Free Trade Zone Agreement. Regional, Economics, 12/15/1997 - Bahraini - Jordanian committee meets next month
During these meetings, the committee will sign 5 agreements to encourage and protect investments, prevent the tax duality and establish administrative cooperation in the customs sector and the maritime transportation. Bahrain, Economics, 12/15/1997 - Tunisia gets $99 million loan from European bank
$18 million will be allocated to support the privatization process of public establishments, $31 million will be dedicated for developing the railway network which connects the capital with the cities of Kabes and Safakis. Tunisia, Economics, 12/15/1997 - Economic experts call for setting up a north African market
Arab economic experts and officials called for setting up a joint north African market that would comprise Tunisia, Morocco, Algeria, Libya, and Mauritania instead of competition between those countries. North Africa Region, Economics, 12/15/1997 - Morocco signs agreement with British company for oil exploration
The Moroccan Office for Oil Investment and Researche signed an agreement with a British company, through which the latter will carry out exploration works near the southern coast within offshore areas of 12,400 square kilometers. Morocco, Business, 12/15/1997 - Syria wins World Cup T-shirt contract
The Syrian state-owned al-Sharq (Orient) company has scored a contract to provide some six million shirts for the 1998 World Cup in France Syria, Economics, 12/15/1997 - EU-Syrian partnership talks to start by the beginning of 1998
The establishment of a free trade zone with Syria is linked to an economic development program which ensures interaction between the two sides and helps the private sector in Syria adapt to international development. Syria, Economics, 12/15/1997 - With $22 million, Arab Bank strengthens presence in Morocco and Algeria
The director of the Arab Bank in Morocco, Abdel Meguid Shoman, stated that the bank had decided to increase its capital to $22 million and increase the number of its branches to 20 in the different areas. North Africa Region, Economics, 12/15/1997 - Tunisia chooses French bank to carry out privatization of two cement factories
Tunisia also intends to privatize two hotels in its capital: Hilton Tunis and the Hotel of Africa. Tunisia, Economics, 12/15/1997