Arabic News Weekly Edition for Economics, 5/18/1998
Weekly Edition, Economics - Week of May 18, 1998
- Egypt threatened by water projects for Ethiopia
Egypt threatened halting new water projects being implemented by Ethiopia on the Blue Nile basin without the approval of the basin's countries, and demanded clarifications from Ethiopia in this regard. Egypt-Ethiopia, Economics, 5/23/1998 - Lebanon-Egypt to remove custom duties between them
Lebanese Prime Minister Rafik Hariri informed yesterday his government about the outcome of current negotiations between Egypt and Lebanon to reach an agreement for trade exchange between the two countries. Lebanon-Egypt, Economics, 5/22/1998 - Aqaba Seaport prepares to establish free zone
Aqaba harbor authorities signed an agreement to prepare studies for the establishment of Aqaba free zone with a consortium of three companies. The study will be financed by the World Bank at a cost of $1.2 million and will be completed in a period of five months. Jordan, Economics, 5/22/1998 - Bahrain - WTO Bahrain, Economics, 5/22/1998
- Saudi - WTO Saudi Arabia, Economics, 5/22/1998
- Singapore to increase volume of investment in Alexandria
F.K. Ragan, the ambassador of Singapore in Cairo, announced at the private symposium held yesterday by the Center for the Development of Alexandria, aimed at encouraging and enhancing trade and economic cooperation between Singapore and Alexandria, that Singapore expects to increase its investments in Egypt generally during the coming months and in Alexandria especially. Egypt-Singapore, Economics, 5/22/1998 - Egyptian trade delegation visits Ethiopia Egypt-Ethiopia, Economics, 5/22/1998
- Egyptian and Moroccan businessmen discuss increasing trade to $200 million
The Moroccan monarch, King Hassan II, will begin his visit to Cairo on Tuesday, at Egyptian President Hosni Mubarak's invitation. Egypt-Morocco, Economics, 5/22/1998 - Egyptian-German trade increases 1 billion marks in one year
Ahmed Goweili, the Egyptian minister of trade and supply, announced yesterday that German statistics confirmed in a report that the volume of foreign trade between Egypt and Germany increased during the last year to 3.8 billion marks, up from 2.9 billion during the previous year. Egypt-Germany, Economics, 5/21/1998 - Gulf Plastic company sets production date Oman, Business, 5/21/1998
- Mubarak asks French companies to invest in Egypt
During the last day of his visit to France, Egyptian President Muhammad Hosni Mubarak concentrated on strengthening relations between Egypt and France in economic, scientific and cultural fields to reach the level of "excellent" bilateral political relations. Egypt-France, Economics, 5/21/1998 - International tourism and the beautiful Riviera-Sinai
95 hotel projects in the region are expected. The Riviera Region is deemed one of the most beautiful regions in southern Sinai since it is distinguished by its innate tourists attractions, as it combines the historical, religious, sports, amusement, and curative tourism with the hobbies of fishing and Safari trips. Egypt, Business, 5/21/1998 - A call to revive the Arab joint market
The council called yesterday for expansions in establishing bilateral free trade zones on the Arab level, taking care not to have trade rules exceptions and to control the regulatory and administrative procedures which obstruct commercial exchange among the Arab states. Egypt-Regional, Economics, 5/21/1998 - Jordan bread subsidy Jordan, Economics, 5/21/1998
- Gulf Powerbeat expansion Bahrain, Business, 5/21/1998
- Qatar oil agreement Qatar, Business, 5/21/1998
- U.A.E. - gold United Arab Emirates, Business, 5/21/1998
- Arab - German trade chamber symposium in Cairo will discuss stock market and privatization
Dr. Peter Gobervitch, the executive manager of the Arab - German trade chamber in Cairo, stated today that the chamber will organize a symposium addressing "rules of dealing in the stock market within globalization." Egypt-Germany, Business, 5/21/1998 - Conference for communication in Beirut at the end of May
The international conference for communications will be held in Beirut from May 26 - 28, in which the Lebanese Ministry of Post and Telecommunications, the Arab corporation for space communications, Arab Sat, the World Bank and some Arab ministers of communications will participate. Regional-Lebanon, Economics, 5/21/1998 - European - Egyptian negotiations to promote trade Egypt-European Union, Economics, 5/20/1998
- U.S. waives sanctions against firms in Lybia and Iran
During the G-8 summit, U.S. President Clinton announced that he will convince congress to waive the application of the D'Amato Law, which automatically punishes companies that invest more than $40 million annually in the development of petroleum-related business with Libya or Iran Iran-USA, Economics, 5/20/1998 - Discussions to increase Egyptian - Libyan industrial cooperation Egypt-Libya, Economics, 5/20/1998
- Palestinians praise concrete economic pressure on Israel by Europe
Nabil Shaath, Palestinian minister of planning and international cooperation, praised the European suggestions to revise the participation agreement with Israel, to exclude products imported from settlements in the West Bank and the Golan Heights. Palestine-Israel-European Union, Economics, 5/20/1998 - $130 million Center for hotels in Amman
King Hussein, will sponsor a project establishing a large center in the Jordanian capital. This center will include a hotel, a market, a dining hall, swimming pools and parking for cars. Jordan, Business, 5/20/1998 - Islamic Bank creates a new fund
Acting chairman of the Islamic Bank for Development IBD Dr. Fuad Abdullah al-Omar said the new Fund's capital will be at U.S. $1.5 billion Saudi Arabia-Regional, Economics, 5/20/1998 - U.A.E. - Iran trade United Arab Emirates-Iran, Economics, 5/20/1998
- Saudi Chemya company expansion plans Saudi Arabia, Business, 5/20/1998
- Arab ministers of transportation discuss uniting traffic rules in Arab states Regional, Economics, 5/20/1998
- Al-Hijaz railway to facilitate Turkish-Jordanian transports Jordan-Turkey, Economics, 5/20/1998
- Syrian Cabinet discusses phone communications expansion Syria, Economics, 5/20/1998
- 367 million UAE Dirham investment in Syrian phone system
The 367 million UAE Dirham project will solve the rising demand for communication services all over the country. It will provide 1.65 million electronic telephone numbers and other relevant telephone-center facilities. Syria-United Arab Emirates, Business, 5/19/1998 - Abu Dhabi fund to invest in Syrian phone system
Syrian Prime Minister Mahmoud al-Zou'bi on Monday received director general of Abu Dhabi Development Fund Saeed Khalfan al-Rumeithi and members of the accompanying delegation. Syria-United Arab Emirates, Business, 5/19/1998 - U.A.E. - I.M.F. United Arab Emirates-IMF, Economics, 5/19/1998
- Syrian - Jordanian agreement to finance constructing al-Wehda Dam
At the conclusion of its meeting yesterday evening, the Syrian - Jordanian committee concerned with the water of El-Yarmouk river reached an agreement on a plan to continue constructing El-Wehda Dam on the joint river EL-Yarmouk. Syria-Jordan, Economics, 5/19/1998 - China, U.A.E. for further cooperation
United Arab Emirates (UAE) Deputy Premier Sheikh Sultan Bin Zayed al-Nahyan has asserted the deep relations linking the UAE and China for the interests of the two friendly peoples and countries. United Arab Emirates-China, Economics, 5/19/1998 - Investcorp buys British printing companies Bahrain, Business, 5/19/1998
- Bahrain currency Bahrain, Economics, 5/19/1998
- Bank Muscat branch in India Oman-India, Business, 5/19/1998
- 65 million dollars to develop the educational constructions in Egypt Egypt-USA, Economics, 5/19/1998
- Tunisia calls for Arab aviation companies alliance Regional-Tunisia, Business, 5/19/1998
- Abdul Meguid urges Arab states to provide aid to Sudan
Esmat Abdul Meguid, the secretary-general of the Arab League, directed messages to the Arab foreign ministers in which he urged them to move to ease the citizens' suffering in southern Sudan due to war and natural disasters. Sudan-Regional, Economics, 5/19/1998 - A marine cooperation conference among the Mediterranean Sea countries Regional, Economics, 5/19/1998
- Amman hosts Arab oil conference Regional-Jordan, Economics, 5/19/1998
- Egypt allows the private sector to contribute to governmental banks' capital Egypt, Business, 5/18/1998
- Gulf countries discuss united currency
Kuwaiti Minister of Finance Ali Salem El-Ali said that there is a general trend among the countries of the Gulf Cooperation Council to establish a customs union and united tariffs very soon. Gulf-Kuwait, Economics, 5/18/1998 - Lebanon asks World Bank for guarantees on future loans
The Lebanese government asked World Bank director James Wolfensohn to discuss the possibilities for presenting guarantees for loans held by the government with international parties or in the world finance markets. Lebanon, Economics, 5/18/1998 - Egypt - New Zealand committee to meet at month's end
Ambassador Said Ragab, the assistant foreign minister for Asian affairs, said this committee will discuss two economic and trade agreements aiming at activating economic trade cooperation and opening new horizons for Egyptian exports. Egypt-New Zealand, Economics, 5/18/1998 - Arab trade committee meets in Cairo Regional, Economics, 5/18/1998
- Jordanian-Turkish businessmen convene Jordan-Turkey, Economics, 5/18/1998
- Bahrain fishing Bahrain, Business, 5/18/1998
- Omani company forming Oman, Business, 5/18/1998
- Qatar General Petroleum Company capital Qatar, Business, 5/18/1998
- U.A.E. - Lebanon investment agreement United Arab Emirates-Lebanon, Economics, 5/18/1998
- Syria - fast food Syria, Business, 5/18/1998
- Egypt offers French investors opportunities to establishing joint projects
Atef Ebeid, the Egyptian minister of the general business sector, said that the delegation accompanying Egyptian President Hosni Mubarak on his visit to France will offer French businessmen and investors investment opportunities in the new Egyptian arenas, among which are Toshka and the northern Suez Gulf. Egypt-France, Economics, 5/18/1998 - U.S. deputy ambassador in Cairo calls for reduced prices on Egyptian exports abroad Egypt, Economics, 5/18/1998
- Offers to purchase 10% of Egypt's commercial due debts for Germany Egypt, Business, 5/18/1998