Arabic News Weekly Edition for Economics, 1/19/1998
Weekly Edition, Economics - Week of January 19, 1998
- Jordan electric connection to Egypt ready to go
The electrical cables lie 80 meters deep in Aqaba Gulf waters and is 300 km long, passing from Egypt through Sudan to Jordan. Regional-Jordan, Economics, 1/24/1998 - World Bank lends Palestine $10 million
The World Bank ratified a loan for Palestine worth $10 million in order to assist it in setting up the first industrial area in Al Mentar area in Gaza and which will provide 50,000 job opportunities. Palestine, Economics, 1/24/1998 - An international symposium for investment in Yemen
The investment corporation's chairman will head the Yemeni delegation comprising 14 businessmen and officials from governmental bodies. Yemen, Economics, 1/24/1998 - Demonstration outside parliament decries new taxes
At least 3,000 people, including workers, students and teachers joined forces in the morning demonstration, which was spurred mainly by a clause in the draft budget seeking to raise government revenues by increasing the road tax and car registration fees. Lebanon, Economics, 1/23/1998 - Financial activities in Algeria continue despite violence
Despite the violent attacks in Algeria, sources in the Arab Banking Organization in Bahrain said the ABO had signed an agreement to set up a branch in Algeria in the form of an independent bank. Algeria, Economics, 1/23/1998 - Egypt invited to Dubai shopping fair
The United Arab Emirates officially invited Egypt to take part in the Dubai Shopping Fair, which will be held between March 19 - April 18. Egypt-United Arab Emirates, Economics, 1/23/1998 - Jordan trade delegation meets with Iraqi ministers
Iraqi Finance Minister Hikmat Azzawi yesterday met with the chairman of Amman's Chamber of Industry, Khaldun Abu- Hassan, and the delegate accompanying him. Iraq-Jordan, Economics, 1/23/1998 - Palestinian aviation Arish airport
The Palestinian national airline has started operating regular flights from Al-Arish airport in north Sinai, company sources said yesterday. Palestine, Business, 1/22/1998 - More gold to the worlds largest distribution center
A responsible official in Dubai customs said this is the biggest annual increase in 28 years, and Dubai is the biggest center for redistributing gold in the world. United Arab Emirates, Business, 1/22/1998 - Arab small industries forum next month
The forum aims to boost the role of small and intermediate industries in industrial development in the Arab states. Regional, Economics, 1/22/1998 - Egypt exempts export companies from insurance fee
Egyptian Minister of Economy Dr.Youssef Butros Ghali stated that it was decided to exempt the Egyptian exporters who export to Arab markets of 50% of the fees of the Egyptian Company for Insuring Exports. Egypt, Business, 1/22/1998 - Lebanon budget Lebanon, Economics, 1/22/1998
- Funds for Arab-African cooperation to work together
This agreement aims to achieve cooperation between the funds through holding joint training courses for prominent experts in African countries. Regional-Egypt, Economics, 1/22/1998 - Developing electricity and desalination stations in Bahrain
Bahrain estimated its needed investments in the fields of water and electricity at $240 million per year till the year 2005. Bahrain, Economics, 1/21/1998 - Amman stock market volume increased in 1997
The volume of circulation on the Amman stock exchange increased for the first time after its record of about 1.1 billion dinars in 1993. Jordan, Economics, 1/21/1998 - Jordan renews request for $10 million Japanese loan
Jordan asked Japan to renew a proposal for a $10 million loan to finance the renovation and expansion of King Hussein Bridge connecting Jordan to the West Bank. Jordan-Palestine, Economics, 1/20/1998 - Commercial agreement between Egypt and Palestine
A new commercial agreement for supporting Egyptian products in the Palestinian market was signed during joint commercial committee meetings headed by the Egyptian Minister of Commerce and Supply and the Palestinian Minister of Planning. Palestine, Economics, 1/20/1998 - Tunis to join growing Arab bourse group
Tunisia is preparing to link its bourse to a network of Arab bourses already initiated by Egypt, Kuwait and Lebanon in October, 1996. Tunisia, Economics, 1/20/1998 - Syrian-Romanian joint higher committee meets on cooperation
Romanian President Emil Constantinescu on Monday received Syrian Deputy Premier for Economic Affairs Salim Yassin and his accompanying economic delegation. Syria, Economics, 1/20/1998 - Egypt participates in Khartoum's International Fair Egypt-Sudan, Business, 1/20/1998
- Jordanian general budget ratified
Following a five-day debate -- the longest in Jordanian history -- the lower house of Jordanian parliament ratified the state general budget for 1998. Jordan, Economics, 1/20/1998 - World Bank lends Lebanon $63 million
Lebanon has signed with the World Bank a $63 million loan agreement to help the country build new schools and colleges and expand existing ones. Lebanon, Economics, 1/20/1998 - Egyptian-Sudanese commerce committee meets for first time
The committee had discussed establishing a joint works council for activating trade exchange and renewing the commerce cooperation agreement that was halted by Sudan three years ago. Sudan-Egypt, Economics, 1/19/1998 - $225 million in aid from US to Jordan
US Secretary of State Madeleine Albright, appreciating Jordan's political stands and economic performance, had allotted $225 million out of the 1999 American general budget for Jordanian assistance. Jordan, Economics, 1/19/1998 - Plan to set up large steel plant in Oman
Envisioned is a gas-fired Direct Reduced Iron (DRI) complex with an annual capacity of 1.2 million tons, rivaling in size some of the world's largest DRI-based steel plants. Oman, Economics, 1/19/1998 - Inaugurating the Water and Irrigation Conference in Cairo
The conference aims to revise government plans in the Nile Valley countries and to set priorities for those plans according to a financial plan. North Africa-Egypt, Economics, 1/19/1998 - Setting up an aviation company to serve the oil fields in Algeria.
Algeria has started to study preparations for setting up an aviation company to serve the staff of the oil sector within a previous agreement between the director of the Algerian Airlines and the head of the National Oil Company. Algeria, Business, 1/19/1998 - Japanese support education in Jordan
According to this agreement, the embassy will provide 525 heaters to be used in 89 schools in the region to improve educational conditions for students. Jordan, Economics, 1/19/1998