Arabic News Weekly Edition for Economics, 6/8/1998
Weekly Edition, Economics - Week of June 8, 1998
- Mubarak policy increases free zone exports by 33 percent
Ibrahim Fawzy, the head of Egypt's General Organization for Investment and Free Zones, announced that the exports from free zones to foreign markets increased by 33% during the last month compared to the same month last year, reaching $40.6 million. Egypt, Economics, 6/13/1998 - Euro-mission chief: Syria has self-sustaining economy, needs modernization
"We are working in Syria on a banking program, helping industry, business sector, develop business, improve production, marketing and quality," Waddams said Syria-European Union, Economics, 6/12/1998 - Tunisia occupies the second position in exporting the services of Africa
Tunisian Trade Minister Mondher al-Zenaidi said his countries has assumed occupying the second position among services-exporting countries on the African continent. Tunisia, Economics, 6/12/1998 - Agribusiness represents 22 percent of Morocco's processing industry
Morocco's agri-business accounts for 22% of the country's overall processing industry and yields about $1.6 billion in value added, Moroccan agriculture minister Habib Malki said. Morocco, Business, 6/12/1998 - Oman oil exploration contract Oman, Business, 6/11/1998
- Tunisia: Arab investments is $3 billion
Official statistics said that the volume of the Arab investments in Tunisia increased to reach $3 billion in the last ten years, accounting for 9% of the investment total volume of investments Tunisia attracted in this period and that Saudi investments occupied the first position and Kuwaiti investments were in the second position. Tunisia, Economics, 6/11/1998 - Syria - Argentine economic relations discussed
Trade and economic relations between Syria and Argentina and methods of increasing commerce and trade and boosting relations with Arab expatriates abroad. Syria-Argentina, Economics, 6/11/1998 - Thomson to invest $12.3 million in Morocco
French Thomson Microelectronics, a branch of the group Thomson CSF, announced plans to create its own back-end unit in Casablanca for an investment of $12.3 million. Morocco, Business, 6/11/1998 - Egyptian delegation visits Yemen to market electrical equipment Egypt-Yemen, Economics, 6/11/1998
- Inter-Arab investment fell by 24 pc in 1997
Inter-Arab investment fell in 1997 by 24 percent to $1.95 billion in comparison with 1996. Regional, Economics, 6/10/1998 - Yemeni government preparing for price liberation
The Yemeni government is getting ready to take measures to reduce subsidies on petroleum derivatives, wheat, electricity, and water within applying a price liberation policy agreed upon with the World Bank and the International Monetary Fund. Yemen, Economics, 6/10/1998 - US $173 million for IBD projects
The Islamic Bank for Development has allotted US $173 million for projects in its member states and for Islamic communities in non-member states. Regional, Economics, 6/10/1998 - Jordan receives 79 million grant
this sum was a part of a $225 million in aid that the US gives Jordan, "Jordan will get economic support of $150 million and $75 million military aid from the US," she said. Jordan-USA, Economics, 6/10/1998 - Damascus hosts Arab tourism council meetings
Arab League Assistant Secretary General for economic issues at the Arab League, Abdul Rahman al-Sheibani, said the council will discuss ways to strengthen and develop inter-Arab tourism. Regional, Economics, 6/10/1998 - Oman - employment Oman, Economics, 6/10/1998
- Kuwait, Saudi Arabia hold oil talks Saudi Arabia-Kuwait, Economics, 6/10/1998
- Shell Signs Contract to Prospecting Oil in Morocco Morocco, Business, 6/10/1998
- Japan lends Morocco $55 million for bypass between highways
Morocco and Japan signed last week a loan agreement for the funding of a bypass between the highway of Mohammedia (40 km north of Casablanca) and that of Casablanca-Settat. Morocco-Japan, Economics, 6/10/1998 - WB lends Morocco $150 million for savings and pension system Morocco, Economics, 6/10/1998
- Germany helps Jordan economically Jordan-Germany, Economics, 6/10/1998
- Japanese provides Syria two million for disabled centers Syria-Japan, Economics, 6/10/1998
- Morocco-Health Viagra Sex pill Made in Morocco
Morocco, which was among the first African countries to authorize the sale of the Viagra sex pill, has become the world's third maker of the drug after the United States and Switzerland, a Moroccan daily reported on Monday. Morocco, Business, 6/9/1998 - Bahrain - counterfeit Bahrain, Economics, 6/9/1998
- Petroleum Development Oman Oman, Business, 6/9/1998
- Increasing the commercial exchange between Egypt and Kuwait Egypt-Kuwait, Economics, 6/9/1998
- Egyptian economy minister to issue main system for cooperative insurance associations
Egyptian Minister of Economy Yousef Butros Ghali issued a decision to issue the main system for cooperative insurance associations according to the rules of the cooperative laws implemented in Egypt. Egypt, Business, 6/9/1998 - Syrian signs contracts for petroleum investments
Syrian Minister of Petroleum Mohammed Maher Gamal said today that Syria signed four contracts with foreign companies for drilling and investing in petroleum among which are Elf-Aquitaine, Shell Oil, and MOL, and referring to the existence of two contracts under negotiation with Canadian and Irish companies. Syria, Business, 6/9/1998 - Israel contacts EC over boycotting Palestine-Israel-European Union, Economics, 6/9/1998
- Egyptian People's Assembly approves draft project for bank privatization
The Egyptian People's Assembly agreed on Monday upon the draft project for bank privatization. The project included comprehensive guarantees assuring that foreign capital will not become dominant in the privatized banks. Egypt, Economics, 6/9/1998 - UAE - nationals law United Arab Emirates, Economics, 6/8/1998
- Qatar - oil production cut Qatar, Economics, 6/8/1998
- First Iranian economic delegation in Cairo in 20 years
For the first time in 20 years, an Iranian economic and industrial delegation, including the head of the industries and mines union Sayed Khamoush, will arrive tomorrow in Cairo for an official visit. Egypt-Iran, Economics, 6/8/1998 - Trade courts to consolidate rule of law
The Moroccan government counts on newly-created trade courts to fully play their role in the consolidation of the rule of law in the economic field, to restore the confidence of investors and upgrade investments. Morocco, Economics, 6/8/1998 - Swedish company wins telecommunication project in Syria Syria-Sweden, Business, 6/8/1998
- Lebanon, Liberia for economic ties
Lebanese Minister of Trade and Industry Yassin Jaber today in Beirut discussed with his Liberian counterpart Ibrahim Keba means of developing economic and trade relations between Lebanon and Liberia. Lebanon-Liberia, Economics, 6/8/1998 - Oman - Brunei Oman-Brunei, Economics, 6/8/1998
- Palestine - casino Palestine, Business, 6/8/1998
- Syrian oil exploration Syria, Economics, 6/8/1998
- Egyptian economy minister denies Egypt exposed to pressures for privatizing banks Egypt, Economics, 6/8/1998
- Iraq readies Syria oil pipeline
Iraq said on Sunday that it was preparing its long-unused oil pipeline to Syria to export oil. Iraq, Economics, 6/8/1998 - Maghreban countries showed understanding to Iraqi people's sufferings, Iraqi vice-president says Iraq, Economics, 6/8/1998