Arabic News Weekly Edition for Economics, 3/23/1998
Weekly Edition, Economics - Week of March 23, 1998
- Palestinian government faces critical financial problems
The financial status of the Palestinian government is said to be very critical and the budget deficit for 1998 is projected at no less than US $23 million. Palestine, Economics, 3/28/1998 - International Arab banking summit next June
The Arab banking union will organize together with the Uromani establishment the International Arab Banking Summit for 1998, under the title "The preparation for the age of openness," in Budapest, from June 9 - 11. Regional, Business, 3/28/1998 - Joint investment projects between Egypt and UAE
Three of the projects will be established in Egypt and the fourth will be in Dubai to store the Egyptian products for distribution in the markets of neighboring Asian countries. Egypt-United Arab Emirates, Economics, 3/28/1998 - Egypt to host international exhibition of information technology
A major international exhibition for information technology and communications will be held in Cairo on May 23-26, said the general coordinator of the conference Khaled Naser El-Din, who added that this marks the first time the exhibition will be held in the Middle East. Regional-Egypt, Business, 3/28/1998 - Tourist cooperation between Israel and Jordan Jordan-Israel, Business, 3/28/1998
- Qatar reduces its oil production
Qatar decided to reduce its production of petroleum by 30,000 barrels daily, according to an agreement ratified between Saudi Arabia, Venezuela, and Mexico which imposes a reduction in the three countries' production of 1.1 million barrels daily Qatar-Saudi Arabia-OPEC, Economics, 3/27/1998 - Downswing in oil prices threatens Arab economies
It is expected that this large decline in oil prices will have negative effects upon the Arab states' economies. Few states and governments will avoid being effected since a large portion of their revenues is the result of oil sales Regional-OPEC, Economics, 3/27/1998 - Fourth conference for Arab capital markets in Beirut
The conference will discuss a number of economic issues, including the globalization of Arab economy, European monetary unity and its effects on Arab countries, privatization and financing. Regional-IMF, Economics, 3/27/1998 - German companies plan new trade relations with Qatar
A German delegation comprising 225 German companies is currently paying a visit to Doha. Qatar, Business, 3/27/1998 - Head of Arab Monetary Fund due in Sanaa on Monday
The head of the Arab monetary fund, Gassem El-Manaay, accompanied by the head of the fund's economic department, Faress Ben Gamada, will visit the Yemeni capital on Monday. Yemen, Economics, 3/27/1998 - Iraq - oil-for-food Iraq-UN, Economics, 3/27/1998
- Economic cooperation between Egypt and Turkey Egypt-Turkey, Economics, 3/27/1998
- Egypt works on restoring confidence to Egyptian tourism markets
Switzerland and Japan have had reservations about their citizens visiting Egypt, while the other European countries and the United States canceled their previous warnings about visiting Cairo and the monuments in the south Egypt, Economics, 3/27/1998 - $197 million for Egyptians harmed by the Gulf War Egypt-UN, Economics, 3/27/1998
- Two Japanese economic grants to Syria
The first grant, estimated at US $4.6 million, is allotted for renewing Damascus' city water pipeline network, and the project is to be implemented within three years. Syria-Japan, Economics, 3/27/1998 - Japan grants US $6.4 million to Jordan
Acting Jordanian Prime Minister Abdullah al-Nsour on Thursday met with the UN delegation in charge of compensating the countries affected by the Gulf War. Jordan-Japan, Economics, 3/27/1998 - Agricultural land drops to 50,000 dunums
The total amount of agricultural land in Palestinian areas has decreased from 200,000 dunums in 1967, to 50,000 dunums in 1997, said Palestinian minister of agriculture Abdul Jawad Saleh. Palestine-Israel, Economics, 3/26/1998 - Yemen signs five oil contracts Yemen, Economics, 3/26/1998
- Joint projects between Egypt and Yemen
Egypt and Yemen have decided to exchange agricultural delegations between the two countries during the coming weeks. Egypt-Yemen, Economics, 3/26/1998 - Tunisian trade exchange balance improves Tunisia, Economics, 3/26/1998
- Israeli company wins business contract in Oman Oman-Israel, Business, 3/26/1998
- Canada opens consulate in Aleppo Syria-Canada, Economics, 3/26/1998
- Turkish -Syrian agriculture ministers meet in Damascus
Tashar said his country opposes the use of the phrase "international waters" at the UN General Assembly and will not accept it at the FAO conference. He asked this phrase to be replaced by "border-crossing waters." Syria-Turkey, Economics, 3/25/1998 - Arab Fund loan to Oman
The Arab Fund for Economic and Social Development on Tuesday signed a loan agreement with Oman worth 19 million Omani Riyals. Oman, Economics, 3/25/1998 - Kuwait international trade fair opens today Kuwait, Economics, 3/25/1998
- Jordanian sands for construction projects in Israel Jordan, Economics, 3/25/1998
- A French business delegation to arrive in Algeria on Friday Algeria-France, Economics, 3/25/1998
- First international economic conference in Palestine
The members of the preliminary committee said that about 400 economic establishments from Arab and foreign countries will participate in the conference. Regional-Palestine, Economics, 3/25/1998 - Egypt's security is safety for the Arab nation
Sheikh Zayed Ben Sultan al-Nahyan, the president United Arab Emirates, said that Egypt's security is safety for the Arab nation yesterday during his reception for the Egyptian delegation participating in the Dubai market. Egypt-United Arab Emirates, Economics, 3/25/1998 - Free trade between Kuwait and Egypt
Kuwaiti investment represents the second-largest foreign investment in Egypt after Saudi Arabia and totals 19% of investments in projects that cost LE 6.35 billion. Egypt-Kuwait, Economics, 3/24/1998 - Gulf economies grow, despite low oil prices
Economic analysts say that the economies of the Gulf Arab states are still expected to grow in 1998, despite an expected decline in oil prices. But the economic growth will be much lower than the levels recorded last year Gulf, Economics, 3/24/1998 - Improving trade between the Emirates and France
The agenda includes discussing methods of enhancing cooperation between the two countries in economic, finance, investment, petroleum, educational, legal, information, security and diplomatic fields. United Arab Emirates-France, Economics, 3/24/1998 - Qatar - oil Qatar, Economics, 3/24/1998
- Reduction could be coming in Japanese aid to Egypt
Kwitchi Mayaki, the first secretary of the Japanese embassy in Cairo, stated that the level of Japanese aid depends on the importance of the projects provided by Egypt to warrant Japanese donations. Egypt-Japan, Economics, 3/24/1998 - Reduced Palestinian budget shortage expected this year
The final report by the Palestinian Ministry of International Cooperation regarding the donation of aid to the Palestinian government between 1994 - 1997 said the aid received has reached $1.9 billion of the original $3 billion pledged. Palestine-International, Economics, 3/24/1998 - Drop in flower-planted land in Gaza
Though flowers exported to Europe are exempt from customs, Israel collected approximately US $800,000 and has so far refused to pay the money back to the Palestinian flower growers. Palestine-Israel-Europe Union, Business, 3/24/1998 - Arab states revenue share from GATT is 1%
The Arab Labor Organization stated that the profits of the GATT Agreement are between $150 - $200 billion and that the Arab share of this amount is only 1%. Regional-International, Economics, 3/23/1998 - European Union seeks to end disputes with Egypt
The head of the European Union committee in Cairo confirmed the EU's desire to put an end to discussions the remaining items in the agreement between Egypt and the EU as soon as possible, at the recommendation of British Foreign Secretary Robin Cook. Egypt, Economics, 3/23/1998 - Dubai conference for encouraging investment in Egypt
The Dubai World Trade Centre will also host the Discover Egypt exhibition, which began today and will run through March 26 United Arab Emirates-Egypt, Business, 3/23/1998 - Israel denies news on minimizing its Doha trade office's activities Israel-Qatar, Economics, 3/23/1998
- Bahrain - Iraq Bahrain-Iraq, Economics, 3/23/1998
- Egyptian- American -Egiptian businessmen of Egyptian origin visit Luxor and Asswan Egypt-USA, Economics, 3/23/1998
- Saudi Arabia reduces its oil production Saudi Arabia, Economics, 3/23/1998