Arabic News Weekly Edition for Economics, 5/4/1998
Weekly Edition, Economics - Week of May 4, 1998
- Saudi finance minister: Arab initiatives underway to prepare for globalization
The Arab departments of finance concluded its annual meetings on Thursday in Beirut after two days during which 25 Arab planning, economy and finance ministers, 14 Arab central banks' governors, leaders of Arab, regional and international concerned organizations gathered. Regional, Economics, 5/8/1998 - Lifting the ban imposed upon the Egyptian exports Algeria
Ahmed Goweili, the Egyptian minister of trade and supply, announced during the meeting of the group 15's union on Thursday an agreement for lifting the ban imposed upon Egyptian exports to Algeria beginning from June 6. Egypt-Algeria, Economics, 5/8/1998 - Arab housing ministers to discuss Arab building codes
The A.L.'s assistant secretary-general for economic affairs, Abdul Rahman al-Seheibani, said that during the meeting which will be attended by representatives of the Arab states including Kuwait, Egypt, the United Arab Emirates, Tunisia and Lebanon, the three first stages of united Arab building codes will be discussed. Regional, Business, 5/8/1998 - $500 million Israeli-Jordanian railway
Jordan and Israel are embarking on studying the possibility of erecting a railway linking their potash factories in the Dead Sea area with the ports of Aqaba and Eilat. Jordan-Israel, Economics, 5/8/1998 - Kuwaiti-Syrian trade relations reviewed Kuwait-Syria, Economics, 5/8/1998
- Jordanian airplanes to use Israeli airspace Jordan-Israel, Economics, 5/8/1998
- U.S. delegation to arrive soon in Baghdad
Iraqi ambassador Nabil Negem, Iraq's delegate to the Arab League, stated that a U.S. delegation comprised of 82 Amreicans will arrive in a few days at the Iraqi capital Baghdad. Iraq-USA, Economics, 5/7/1998 - More Emirates aid planned for Iraq
The United Arab Emirates' Red Crescent Association has said that a new cargo of humanitarian aid will be sent to Iraq. Naser El-Sweedi, the chairman of the association's board of directors said that this aid will be sent according to the instructions of Sheikh Hamdan Ben Zayed al-Nahyan, the Emirate's state minister of the association. United Arab Emirates-Iraq, Economics, 5/7/1998 - Bethlehem 2000 project is focus of international conference
The undersecretary of the Palestinian Ministry of Planning and International Cooperation, Anis El-Kak, said today that the coordination committee of the Bethlehem 2000 project is trying to raise $300 million to support infrastructure and tourist projects in Bethlehem. Palestine, Economics, 5/7/1998 - Turkish - Egyptian free trade area
Egyptian Minister of Trade and Supply Ahmad Goweili said on Wednesday that Egypt and Turkey are discussing the establishment of a free trade zone between the two countries to boost trade and investment exchange and to eliminate obstacles hindering bilateral trade between the two countries. Egypt-Turkey, Economics, 5/7/1998 - U.A.E. - oil United Arab Emirates, Economics, 5/7/1998
- Jordan - Iran Jordan-Iran, Economics, 5/7/1998
- Egypt - European Union participation negotiations continue today
The chairman of the Egyptian delegation, ambassador Gamal Baioumi, said before leaving Cairo that the talks will resume where they left off after the previous meeting, adding that they will focus on the obstacles which stand in the way of signing the participation agreement. Egypt-European Union, Economics, 5/7/1998 - $1 billion in foreign investments in Egypt Egypt, Business, 5/7/1998
- World Water Council warns of escalating fresh water crisis
Dr. Mahmoud Abu Zied, president of World Water Council's Board of Governors and Egyptian minister of public works and water resources, confirmed on Wednesday in Cairo the adoption of an international program for examining the situation of fresh water in the world. Regional, Economics, 5/7/1998 - Suez Canal chairman denies its privatization Egypt, Business, 5/6/1998
- Jordan will receive more than $140 million in aid
The USAID Program in Amman in Jordan announced that Jordan will receive over $140 million in assistance for the fiscal year 1998. Jordan-USA, Economics, 5/6/1998 - Qatar Islamic bank profits reach $40 million
The chairman of board directors of the Qatar Islamic Bank, Khaled Ben Ahmed El-Swedi, said today that the bank's profits in 1997 including the depositors' shares are 147.56 million riyals ($40.43 million), compared to 112.47 million riyals in 1996. Qatar, Business, 5/6/1998 - $43 million is the total cost of water projects in Wadi Mussa Jordan, Economics, 5/6/1998
- Arab funds' aid estimated at $1.62 billion in 1997
United Arab Emirates Minister of State for Finance and Industry Muhammad Kharbash told al-Bayan daily that the Arab League's finance funds have offered US $1.62 billion in aid to development projects in the Arab states in 1997. Regional, Economics, 5/6/1998 - Assad to speak at conference of ministers of industry in June
Recent studies by the Arab Organization for Industrial Development, to be presented to the conference, showed that 50% of Arab industries are consumption industries, while food industries form 23% of total industry in the Arab states and 40% of the total consumption industries. Regional, Economics, 5/6/1998 - Bahrain electric, water supply Bahrain, Economics, 5/6/1998
- Morocco hosts international symposium about the Islamic economy
Casablanca will host today an international scientific symposium, the Islamic Assembly for Islamic Economic Studies, on contemporary Islamic and economic applications in the world with the participation of the Islamic Development Bank. Regional, Economics, 5/6/1998 - Egypt participates in African communications' conference
Amin Basiouni, the head of the Egyptian Nile Sat Company, said yesterday before leaving Cairo Airport heading to Johannesburg for a visit to South Africa that an Egyptian delegation will hold discussions with the delegations participating in the conference on how to benefit from the Egyptian satellite Nile Sat 102, launched last week and considered an Arab - African satellite. Egypt-South Africa, Business, 5/6/1998 - Romanian - Egyptian economic committee to meet at month's end
The Romanian ambassador in Cairo, Doro Kosittawoolt, said today that the Romanian - Egyptian committee for economic and trade cooperation will hold its coming session at the end of May. Egypt-Romania, Economics, 5/6/1998 - Turkish businessmen head to Egypt for trade opportunities
Turkey's ambassador in Cairo announced that a 30-member Turkish business group is due to arrive in Cairo today to attend the meetings of the Egyptian - Turkish council tomorrow. Egypt-Turkey, Economics, 5/5/1998 - A delegation from the International Morocco, Economics, 5/5/1998
- UAE depositis in Lebanon United Arab Emirates-Lebanon, Economics, 5/5/1998
- Dubai - Iran United Arab Emirates-Iran, Economics, 5/5/1998
- Doha airiport company gets board of directors Qatar, Business, 5/5/1998
- Islamic Development Bank meetings Regional, Economics, 5/5/1998
- International Monetary Fund representative praises Egyptian economy
Howard Handy, deputy manager of the IMF's Middle East administration, stated that the Egyptian economy will not be exposed to economic instability like what happened in southeast Asian countries because Egypt has a reserve of foreign currencies worth $20 billion. Egypt-IMF, Economics, 5/5/1998 - One million cell-phones within five years
The agreement to establish the second portable telephone network in Egypt was signed yesterday. The network will be established by Egyptian, American and British companies in cooperation with one another. Egypt, Business, 5/5/1998 - Egyptian commercial head: Arab free trade zone will not harm customs
Ahmed Khaled Hamdy, the head of the Egyptian commercial representation system, confirmed yesterday in Cairo that the establishment of an Arab free trade zone will not effect the country's customs. Egypt, Economics, 5/5/1998 - Turkish president visits Tunis to expand trade
In 1997 volume of trade exchange between the two countries did not exceed US $157 million. Tunisia-Turkey, Economics, 5/5/1998 - Industrial free area zone starts receiving applications
Jordan's Prime Minister Abdul-Salam Majali yesterday visited Hassan Industrial Zone in Irbid city. He took a fast look at the services provided there to attract investment. Jordan, Business, 5/5/1998 - Aden development projects will cost $6 billion
Zafer added that these projects include $2.8 billion dollar for developing petroleum filters and $907 million for establishing the free harbor, whose first phase is currently implemented as well as modernizing Aden's airport at a cost of $225.6 million. Yemen, Economics, 5/4/1998 - Egypt moving ahead with economic reform, with or without IMF
The sixth revision of the second economic reform program signed by Egypt with the International Monetary Fund for a two-year period due to end in September started yesterday in Cairo. Egypt, Economics, 5/4/1998 - Egypt will host the eighth summit of the group 15th next week
Egyptian Minister of Trade and Supply Ahmed El-Gowaili said today that he met the chairmen of the industries, commercial chambers, exhibition organizations, international markets, and foreign trades sectors to finalize arrangements for the economic and commercial sides of the summit. Regional-Regional, Economics, 5/4/1998 - Morocco: No negotiations with Europe on marine fishing
Moroccan Minister of Agriculture and Marine Fishery El-Tohami El-Khiari stated today that there are no negotiations underway between his country and the European Union on the subject of marine fishing. Morocco-European Union, Economics, 5/4/1998 - Damascus to host Arab energy conference
The conference, which will be organized by OAPEC in collaboration with the Syrian oil ministry, will discuss topics on energy conditions in Arab states, Arab cooperation in the field of energy, environment and its impact on development in the Arab states and energy resources and prospects for their development and preservation. Regional, Economics, 5/4/1998 - Gulf countries demand that Washington free $75 million in frozen assets Gulf-Uruguay, Economics, 5/4/1998
- Jordanian Water and Irrigation Ministry signs an agreement Jordan, Economics, 5/4/1998