Arabic News Weekly Edition for Economics, 3/2/1998
Weekly Edition, Economics - Week of March 2, 1998
- Saad: Our daily loss is US $1.4 million
There are at least 35,000 Palestinian workers who have no work permits in Israel and are therefore unemployed, causing a loss to the Palestinian economy of some $1.4 million per day, said Shaher Saad, the Secretary General of the Palestinian General Federation of Trade Unions. Palestine-Israel, Economics, 3/7/1998 - Three borderlines places designated to enter Iraq
An Iraqi newspaper said that the Iraqi general customs organization specified three official centers for traveling and transporting cargo to and from Iraq. Iraq, Economics, 3/7/1998 - OPEC, UN responsible for oil price drop, Egyptian minister says
Egyptian oil Minister Hamdi al-Banbi on Wednesday accused OPEC and the UN Security Council's five permanent member states of responsiblity for the current recession in oil prices. Regional-Egypt, Economics, 3/7/1998 - German minister of transport to visit Saudi Arabia
The delegation accompanying the minister is expected to present information about high-speed German trains and their potential use for transporting people and goods throughout Saudi Arabia. Saudi Arabia, Economics, 3/7/1998 - Jordan's Crown Prince calls for social development
"The comprehensive search for sustainable development requires cooperation and continued dialogue among all national institutions," Jordan's Crown Prince told the committee. Jordan, Economics, 3/6/1998 - Arab women make up 16% of labor force
Aicha Abdel Hady, the head of the women's labor committee, said studies carried out by Laboring Woman Center in Tunisia found that Arab women accounted for 16% of the total labor force in the Arab world. Regional, Economics, 3/6/1998 - High joint committee between Egypt and Tunisia concludes today
The high joint committee between Egypt and Tunisia will conclude its activities today with signing a cooperation agreement between the two countries. Egypt-Tunisia, Economics, 3/6/1998 - International efforts to maintain oil prices
Kuwait expressed its approval for any international efforts exerted to maintain petroleum prices, which have recently taken a significant downturn in international markets. Regional-Kuwait, Economics, 3/6/1998 - Jordan is to go ahead with privatization Jordan, Economics, 3/6/1998
- Egyptian exhibits in Tripoli international exhibition today
Egypt is participating in the activities of the Tripoli International Exhibition, which opened today in the Libyan capital of Tripoli for 20 days. Egypt-Libya, Business, 3/6/1998 - Saudi Arabia joins Arab trade zone
Saudi Minister of Finance Ibrahim Al-Asaf, said Saudi Arabia's participation in the Arab free trade zone will contribute to increasing its rates of trade with member countries. Regional-Saudi Arabia, Economics, 3/5/1998 - Lebanese president: Get a job and save the country
Lebanese President Elias Hrawi said that expatriates who work in Lebanon transfer $4 billion annually, and special measures should be taken to limit the outflow of cash. Lebanon, Economics, 3/5/1998 - Customs agency warns of losses if Egypt joins Komisa countries
The group aims to establish a free trade region between its member states by the year 2000 and a customs union by 2004. Komisa's conference at the end of April will discuss Egypt's request to join the group. Egypt, Economics, 3/5/1998 - Electricity cooperation between Morocco and Spain
The Moroccan bureau for electricity and the Spanish company Endia have signed an agreement to establish a station to generate electricity at a production capacity of 400 megawatts in the Tahdaret region of northern Morocco at a cost of $500 million. Morocco, Business, 3/5/1998 - Jordan FM briefs parliament on privatization
"Through past decades the role of the private sector has been enhanced," Anani said, adding that he underlined the importance of enabling the private sector to assume a bigger role in the country's economic and social development. Jordan, Economics, 3/5/1998 - Damascus hosts Syrian-Dutch trade contact meeting
An agri-business mission from the Netherlands will visit Syria from March 23-26 to explore possibilities for additional trade and investment. The mission will focus on food and agriculture, including food processing, horticulture, animal husbandry, agricultural machinery, and food products. Syria, Business, 3/5/1998 - Egypt, UAE sign technical cooperation accord
Egypt and the United Arab Emirates signed an agreement on Wednesday to strengthen technical cooperation in labor, labor market organization, employment and health care for the Egyptian labor force in the UAE. Egypt-United Arab Emirates, Economics, 3/5/1998 - U.S. move to hit economic well-being of Sudan and Egypt
Sudanese sources said the US is undertaking a move in cooperation with the International Bank to damage the economic well-being of Egypt and Sudan. Sudan-Egypt, Economics, 3/4/1998 - Lebanon-Saudi Arabia sign a memorandum of understanding
It stipulates that the Saudi fund will offer US $100 million to help finance development projects in Lebanon specified by the council and the fund. Lebanon-Saudi Arabia, Economics, 3/4/1998 - Arab Fund allots 40 million for Jordanian projects
The Arab Fund allotted KD 40 million to finance development projects in Jordan. Two agreements were signed yesterday by the fund's chairman, Abdul-Latif al-Hamed, and Jordanian Minister of Planning Reema Khalaf. Jordan, Economics, 3/4/1998 - Yemeni economy conference in Sanaa at end of March
The second economy conference sponsored by Al-Thawabt Al-Faslaih magazine will be held in the Yemeni capital, Sanaa, at the end of March under the chairmanship of president Ali Abdallah Salah. Yemen, Economics, 3/4/1998 - Exhibition for Egyptian products in Australia
Hamdi Salem, the chairman of the center's executive body, said the exhibition includes products from 100 Egyptian companies representing different production sectors. Egypt, Economics, 3/4/1998 - Loans of the international bank for Tunis
Tunisian officials said confirmed that Tunis agreed with the International Bank on the details of three loans funding development projects and supporting the country's competitive ability. Tunisia, Business, 3/4/1998 - Bahrain - labor laws Regional-Bahrain, Economics, 3/4/1998
- Sudanese delegation to visit Alexandria for investment projects Sudan-Egypt, Business, 3/4/1998
- A conference to discuss the future of the joint Arab market Regional, Economics, 3/4/1998
- Gaza businessmen complain of Israeli practices
Palestinian businessmen from Gaza have complained recently of Israeli measures that "have caused not only large financial losses for their businesses but also personal humiliation." Palestine-Israel, Business, 3/4/1998 - Trade flourishes across Iraq-Turkey border
Since UN Secretary-General Kofi Annan defused the Iraq crisis, Turkish trucks rushed into Iraq carrying foodstuffs and other commodities to the Kurdistan region of Iraq. Iraq-Turkey, Economics, 3/3/1998 - Lebanon budget spending Lebanon, Economics, 3/3/1998
- Japan, UAE sign air transport agreement United Arab Emirates, Business, 3/3/1998
- The Egyptian pound gains on ease of Iraqi crisis Egypt, Economics, 3/3/1998
- New Zealand, UAE sign first air services accord United Arab Emirates, Business, 3/3/1998
- More UAE aid arrives in Baghdad United Arab Emirates-Iraq, Economics, 3/3/1998
- Israel to expel foreign laborers Israel, Economics, 3/3/1998
- OPEC states worry over price drop
The United Arab Emirates welcomed an urgent meeting of OPEC to discuss methods of halting the deterioration in petroleum prices. Regional, Economics, 3/2/1998 - Long-range water projects drawn up for Jordan
Jordan's Water and Irrigation Minister Munthir Haddadin said his ministry has drawn up a program and an investment plan lasting until the year 2011 for the water sector at a total cost of $780 million. Jordan, Economics, 3/2/1998