Arabic News Weekly Edition for Economics, 2/2/1998
Weekly Edition, Economics - Week of February 2, 1998
- Banks said smuggling money out of Palestine
Palestinian officials believe the banks have misled the authorities and are serving "only their own interests without giving any attention to the domestic needs of boosting investment in various fields of public and daily life." Palestine, Economics, 2/7/1998 - High Moroccan - Egyptian committee to meet this month
The delegations will sign a commercial free exchange agreement between Egypt and Morocco and a technical cooperation protocol between the Egyptian Ministry of Commerce and Supply and the Moroccan ministries of finance, commerce and traditional industries. Egypt-Morocco, Economics, 2/7/1998 - Jordanian - Israeli committee to solve commercial exchange problems
The Jordanian - Israeli committee is scheduled to meet at the end of this month, Jordanian Minister of Industry and Trade Dr. Hani al-Mulqi told reporters. Jordan, Economics, 2/7/1998 - Syria, Iran sign agreement on encouraging investment
Iranian sources said the Memorandum of Understanding contains Iranian proposals to set up a cement factory at an annual capacity of one million tons, to improve the Tartous cement factory on the Syrian coast, and to carry out a feasibility study for a steel and iron company. Syria-Iran, Economics, 2/6/1998 - Siemens wins Egyptian telecommunications contract
Siemens said the contract will provide the Egyptian commission with digital transfer technology, adding that the general communication network group in Siemens OIN will implement the contract. Egypt, Business, 2/6/1998 - Israel, Jordan to take security arrangements in Aqaba airport Jordan-Israel, Economics, 2/6/1998
- Jordan oil imports will double if Iraq is hit
Jordanian oil experts and economists said the cost of Jordan's oil imports will double if oil is to be imported from Saudi Arabia, Yemen, Syria or from the international market to fill Jordan's oil needs. Jordan-Iraq, Economics, 2/6/1998 - Egypt, Palestine sign trade exchange agreement Egypt-Palestine, Economics, 2/6/1998
- A US $2 million donation for economic reform
"This agreement is considered a starting point for a four-year program to support economic reforms to be carried out by Jordanian government," a Ministry of Planning source said. The projects focus on three important areas: commerce, investment and financial legislation and specialization. Jordan, Economics, 2/6/1998 - Senior Shiite cleric urges development in eastern Lebanon
Shamseddine urged authorities to start implementing development projects in the Bekaa region, which he said is suffering from feelings of alienation resulting from years of neglect. Lebanon, Economics, 2/5/1998 - Jordan, Algeria sign information cooperation program
The program provides for carrying out training courses in each country for working teams in television, radio and news agencies. Jordan-Algeria, Economics, 2/5/1998 - Yemen taking procedures to remove investment obstacles
The general organization for investment in Yemen announced that it had authorized new projects worth about $900 million. Yemen, Economics, 2/5/1998 - Arab aid declines in 1997
The report said the Arab development aid reached $102.5 billion over the last 25 years, 95.4 billion (83.1%) of which was offered by the Gulf Cooperation Council countries. Regional, Economics, 2/5/1998 - Syrian, Iranian committee met on developing trade
An agreement was reached by the two sides to increase and develop commercial exchange and implement the items of the previous understanding memorandum related to Adra and Hama cement plants. Syria, Economics, 2/5/1998 - Privatization of public companies' law in Kuwait
The employment law will open the door for many opportunities, such as starting to sell companies to the private sector, among which there are the vital services like communications and water. Kuwait, Economics, 2/5/1998 - Privatization of Kuwait airways
The Kuwaiti government is planning to sell off 60% of its national flag carrier, Kuwait Airways Corp, the airline's managing director said yesterday. Kuwait, Economics, 2/5/1998 - New Iraqi oil-for food contracts
The third phase of oil-for-food accord started as of December 5,1997 and will be valid until June 2, 1998. Iraq, Economics, 2/4/1998 - Producing 750,000 tons of steel by 1999
Egypt and Russia reached an agreement through which Russian expertise will contribute to rebuilding and modernizing the body of the third furnace of the Iron Steel Complex in Helwan Egypt, Business, 2/4/1998 - France participates in the projects of Sheik Zayed channel
The French government had agreed to grant Egypt 2.7 million francs through the French International Consulting Office in addition to technical assistance in designing industrial establishments along the channel. Egypt, Economics, 2/4/1998 - Syria, Iran committee for boosting economic ties
In a meeting chaired by the two countries' economy ministers, the Syrian-Iranian joint committee on Tuesday discussed economic relations between Syria and Iran and means of developing them. Syria-Iran, Economics, 2/4/1998 - Lebanese-Argentine economic relations reviewed
The two sides reviewed fields of cooperation between Lebanon and Argentine, investment opportunities available to Argentine businessmen in Lebanon and means of organizing joint trade exhibitions. Lebanon, Economics, 2/4/1998 - Egypt, Iran for boosting bilateral relations
The chairman of the Federation of the Egyptian Industries said the visit he will make together with an industrial delegation on February 13 to Iran would help return economic relations between Iran and Egypt to what these relations have been before 1980. Egypt-Iran, Economics, 2/4/1998 - Jordanian Minister of Industry will soon visit Baghdad
The joint Iraqi-Jordanian committee will hold its meetings on the 15th of this month in Amman. The meetings will be headed by both Jordanian Minister of Industry and Trade Dr. Hani al-Mulqi and Iraqi Minister of Trade Mohammed Mahdi Saleh. Jordan-Iraq, Economics, 2/4/1998 - Arab countries pursue implementation of Arab free trade zone
The agenda includes discussions of four items, the procedures for implementing the Arab free trade zone, the agreed 10% customs reduction which went into effect last January, the structures for customs tariffs, and the non-customs limits and the list of prohibited imported goods. Regional, Economics, 2/3/1998 - Omani delegation visits Iran
The visit aims at increasing commercial exchange between Oman and Iran and increasing Iranian economic locations to discuss opportunities for joint investment. Oman-Iran, Economics, 2/3/1998 - Egyptian nuclear reactor to be inaugurated Wednesday
This new reactor is equipped with advanced security systems, and that a number of specialized Egyptian companies in the fields of electric and mechanical industries participated in building the reactor. Egypt, Economics, 2/3/1998 - Jordan water project Jordan, Economics, 2/3/1998
- Expecting the investment volume in Tunisia to increase
The sources expect the agricultural sector to increase by 1%, this rate is less than last year's rate during which the agricultural sector increased by 2.5%. Tunisia, Economics, 2/2/1998 - Boosting exhibitions and commercial centers between Egypt and Sudan
The Egyptian-Sudanese committee will discuss overcoming monetary problems and opening branches of the two countries' banks in both countries in order to solidify their role in commercial development. Egypt-Sudan, Economics, 2/2/1998 - Arab exports increase by 5.11% in 1997
A report released by the Arab League AL in collaboration with Arab monetary, economic and oil institutions stressed that Arab exports have scored development growth rates estimated at 5.2% since 1991. Regional, Economics, 2/2/1998 - Moroccan-Japanese cooperation in mining research
The Moroccan Ministry of Mines and Energy announced last month that it had prepared a plan under which $200 million was devoted to a geological survey of the whole country. Morocco, Economics, 2/2/1998