Arabic News Weekly Edition for Economics, 1/12/1998
Weekly Edition, Economics - Week of January 12, 1998
- Shaath: Palestinian economy in danger
The Palestinian Minister of Planning and International Cooperation warned against the continuing deterioration of the Palestinian economy which may endanger the peace process. Palestine, Economics, 1/17/1998 - Oil contracts worth of $ 1.2 billion in Sudan
The Sudanese government signed contracts with companies from China, Argentine, and UK which are worth of $ 1.2 billion to implement a large project to extract and export oil from two oil fields in Sudan. Sudan, Economics, 1/17/1998 - Egypt: Arab tourists wooed with half price deal
The Egyptian Tourism Ministry put forward an urgent plan to refresh Arab and domestic tourism in Egypt by giving discounts of about 50% off the normal price on hotels, airplanes and trains. Egypt-Regional, Business, 1/17/1998 - Algeria bans imports of used cars
Algeria has banned imports of used cars, a measure that led to rising car prices on the local market. Algeria has also taken steps that would reduce air pollution. Algeria, Business, 1/17/1998 - Iran scales down oil revenue forecasts
The Iranian parliament has agreed to cut the forecast for oil revenues for the next financial year by 7.5% because of the recent slide in crude prices. Iran, Economics, 1/17/1998 - Al Walid Bin Talal: Successful investment in Egypt
He added that as a result of those studies, work is underway to reclaim and cultivate 1400 feddans out of 5000 feddans that had been purchased by the Royal Investment Company which he owns. New urban areas will be set-up with an investment value of $ 1.5 billion. Egypt-Saudi Arabia, Business, 1/17/1998 - Substantial reforms yeild better results for Moroccan economy
During 1997, Morocco more than doubled the direct foreign investment in its economy to $1.5 billion over 1996. Morocco, Economics, 1/16/1998 - Jordanian industrial delegation leaves for Baghdad
An official source expected that the protocol to be prepared would go far beyond $300 million, but the final figure depended on a meeting to be held between trade ministers of both Iraq and Jordan. Jordan-Iraq, Economics, 1/16/1998 - Sudan privatization criticized Sudan, Economics, 1/16/1998
- Lloyd's chairman in Jordan
Technical cooperation with Lloyd's and other international establishments created an entrance from which Jordanian industries could make use of their experience, the Crown Prince said. Jordan, Business, 1/16/1998 - Poverty increases in Palestinian areas
The level of poverty in the West Bank has increased in the recent period to become similar to the level in Gaza. Palestine, Economics, 1/15/1998 - Lebanon budget Lebanon, Economics, 1/15/1998
- Foreign and Planning ministers head to Washington
Jordanian Foreign Minister Fayez al-Taraunah and Minister of Planning Mrs. Rima Khalaf left Amman for Washignton yesterday. Jordan, Economics, 1/15/1998 - Oman's crude oil reserves increase Oman, Economics, 1/15/1998
- Iraqi oil exports to France Iraq, Economics, 1/15/1998
- Syria, IBD boost relations
The two sides signed an agreement according to which the bank is to provide US $10.48 million for the purchase of equipment necessary for setting up a cotton-spinning factory. Syria, Economics, 1/15/1998 - China trade team in Oman
An 11-member Chinese trade mission arrived in Muscat yesterday for a visit expected to last several days. Oman, Economics, 1/14/1998 - Iraqi water treatment
Iraq will need millions of dollars in aid to repair water treatment plants run down by seven years of stringent economic sanctions to avert a public health crisis. Iraq, Economics, 1/14/1998 - Cairo: 6% inflation rate in Egypt Egypt, Economics, 1/14/1998
- Jordan and Germany to reschedule DM 94 million debt
The was to be retabulated according to an agreement which was reached with creditor countries in Paris in May 1997.This amount represents about 12.5% of the total Jordanian debt to Germany. Jordan, Economics, 1/14/1998 - More Iraqi - Egyptian trade coming
An Iraqi delegation will visit Cairo next week to discuss new agreements with Egyptian companies within the relationship between the two countries. Egypt-Iraq, Economics, 1/13/1998 - Tourists flocking back to Egypt
Fifteen chartered and regular flights arrived at Sharm El-Sheikh International Airport on Tuesday carrying up to 681 passengers from different countries to visit the archaeological sites there. Egypt, Business, 1/13/1998 - Iraq will resume its oil exports tomorrow
Iraqi Minister of Oil Mohamed Mahdi said that Iraq will resume exporting oil tomorrow according to the third phase of the oil for food agreement and Security council resolution No. 986. Iraq, Economics, 1/13/1998 - Private sector in Dubai is worth $16.2 billion
The number of the private sector establishments is 26,470, in which .05 of the total population work, 7% of those workers are Arabs while 92.5 are non-Arab workers. Male workers represent 93.9% of total manpower. United Arab Emirates, Economics, 1/13/1998 - Morocco and Egypt to set up free trade zone, joint holding company
The head of the Department of the Egyptian-Moroccan Society stated that during its last meeting, the society discussed setting up a holding company in the countries' private sectors. Morocco-Egypt, Economics, 1/13/1998 - Japanese - Egyptian aid talks
The official source praised the efforts and grants offered by the Japanese International Cooperation Agency for establishing projects in Egypt, especially in education, health and environment. Egypt, Economics, 1/13/1998 - Tunis-Libya trade relations booming Tunisia-Libya, Economics, 1/13/1998
- Prince al-Walid to build hotel in Syria
Syrian Prime Minister Mahmoud al-Zoubi on Monday discussed with Saudi Prince al-Walid the investment climate in Syria and investment opportunities available to Arab investors. Syria-Saudi Arabia, Economics, 1/13/1998 - Syrian-Turkish trade relations booming
Despite the high tension in relations between Syria and Turkey, due to the military cooperation between Ankara and Tel Aviv and the current tripartite marine maneuvers, economic relations between the two countries are proceeding in the opposite direction, as value of trade between the two countries reached US $1.1 billion. Syria-Turkey, Economics, 1/12/1998 - Baghdad starts pumping petroleum
The Iraqi oil minister said there are intensive communications underway with petroleum companies all over the world and that there is a great is demand for Iraqi oil. Iraq, Economics, 1/12/1998 - Foreign financial institutions open branches in Algeria Algeria, Economics, 1/12/1998
- Permanent deficit in Palestinian Ministry of Education budget
Hanan Ashrawi said that the higher education budget is not listed in the Palestinian budget, which makes the ministry's revenues small and causes the budget to have a permanent deficit. Palestine, Economics, 1/12/1998 - Rescheduling Jordanian debts to Japan Jordan, Economics, 1/12/1998