Arabic News Weekly Edition for Economics, 7/13/1998
Weekly Edition, Economics - Week of July 13, 1998
- Arab Businessmen's Council calls for one visa for Arab states
The Arab Businessmen's Council presented a formal demand to the Arab League to issue a card for businessmen to facilitate obtaining visas necessary for travel in the Arab states. Regional, Business, 7/18/1998 - Lebanese pilots hold one-day strike
The company was able to move several flights, including one on one of its own planes to London and another on a plane leased from a French company to Paris. It found spots for many other passengers in planes affiliated to foreign companies working at Beirut International Airport. Lebanon, Business, 7/18/1998 - Algeria signs agreement with Boeing to purchase 10 airplanes
Algerian Airlines signed a transaction to modernize its fleet, which includes purchasing 10 Boeing airplanes worth $400 million under very confidential circumstances. Algeria, Business, 7/18/1998 - Spanish company services new ferry boat to Morocco
A Spanish private company will service next week a new ferry boat with a capacity of 1,000 passengers and 350 vehicles between southern Spain and the Moroccan occupied city of Melilia, in the north. Morocco-Spain, Economics, 7/18/1998 - Oman - private sector Oman, Economics, 7/18/1998
- Baghdad, Damascus to reopen trade bureaus
Syrian trade relations said that works are underway to reopen the Iraqi trade bureau in Damascus, while similar measures are being taken in Baghdad to reopen the Syrian trade bureau. Syria-Iraq, Economics, 7/17/1998 - Syria to establish trade school in Damascus Syria-France, Business, 7/17/1998
- Drop in trade between Egypt and Israel
The Israeli Central Bureau for Statistics announced yesterday a large drop in trade between Egypt and Israel during the current year. Egypt-Israel, Economics, 7/17/1998 - Gulf International Bank - profits Bahrain, Business, 7/17/1998
- Daewoo to produce 100,000 cars, one million TV sets in Morocco
The Daewoo group has injected a total of $400 million in the project that will provide permanent jobs to 5,700 persons. Morocco, Business, 7/17/1998 - Bahrain - Iraq aid Bahrain-Iraq, Economics, 7/17/1998
- Offers presented by four foreign companies to manage Egyptian customs
Mohieddin El-Gharib, the Egyptian minister of finance, announced before the assembly of the investors for 10th of Ramadan City that the Cabinet will receive offers presented by four foreign companies from the private sector to manage Egyptian customs within the coming 10 day so one of these companies or more than one can be chosen to perform this task. Egypt, Economics, 7/17/1998 - Egypt - U.S. discuss subsidy program, Strategic Dialogue established
US - Egyptian discussions on the future of the US subsidies program began today on the basis of converting economic relations into a trade driven relations rather than being based on subsidies that account for $2.1 billion. Egypt-USA, Economics, 7/16/1998 - Rabat and Tunis decide to intensify cooperation
Morocco and Tunisia, whose high joint commission wound up a two-day session in Tunis on Thursday, decided to intensify cooperation in various fields. Tunisia-Morocco, Economics, 7/16/1998 - Syria modernizes its economy to comply with European partnership agreement
Syria is leaning toward more openness and economic liberalization. In this era, it has embarked on the support given by the European Union, especially technical aid, so as to improve its economy to the needed level in order to sign a partnership agreement with the 15 member states of the European Union. Syria-European Union, Economics, 7/16/1998 - Alexandria's San Stefano hotel sold to Prince Al-Walid group
An Arab - Egyptian group secured a deal to buy the property of San Stefano Hotel in Alexandria at a cost of 270 million pounds ($79.6 million). Egypt, Business, 7/16/1998 - Beirut to host November banking conference
Beirut is due to host a banking conference in November, which 400 banking officials and experts will attend to discuss trends in the Arab banking industry in confronting international variables and the challenges of globalization. Regional, Economics, 7/16/1998 - Qatar - refinery improvements Qatar, Business, 7/16/1998
- Direct foreign investments in Morocco doubled in 1997
Foreign direct investments in Morocco have doubled in 1997 totalling more than $1 billion, according to the UN Economic and Social Council which is meeting here. Morocco, Economics, 7/16/1998 - Syrian - Iraqi oil pipelines to be opened very soon
Iraqi Oil Minister Amer Muhammad Rashid said that Iraq and Syria signed on Tuesday an agreement providing for reopening oil pipelines to transfer Iraqi oil to the Syrian port of Banias. Iraq-Syria, Economics, 7/15/1998 - Moroccan-Tunisian bilateral commission debates ways to boost cooperation
The Moroccan-Tunisian high joint commission opened in Tunis on Wednesday to debate ways of promoting economic cooperation between the two Maghreban countries. Tunisia-Morocco, Economics, 7/15/1998 - Russian delegation to Sanaa today
A governmental delegation from the Russian Federation is arriving today in the Yemeni capital, Sanaa, headed by the head of the external debt department in the Russian Ministry of Finance, Semid Nof, for a three-day visit to Yemen. Yemen-Russia, Economics, 7/15/1998 - Tunisian president takes measures to end unemployment in Tunisia
In concluding the "National Symposium of Employment" in Tunis, Tunisian President Zien El-Abadin Bin Ali confirmed the importance of putting an end to the unemployment problem in Tunisia and opening horizons before the new generations. Tunisia, Economics, 7/15/1998 - Arab banks profit up $5.5 billion in 1997
The profits of the Arab banks inscreased 5.5 billion dollars in 1997. The secretary general of the Arab Banking Union Adnan El-Hendi said that 1997 was the most distinguished year for the Arab banks in that they underwent a great expansion in services Regional, Economics, 7/15/1998 - Indonesia gets $20 million guarantee on exports from Islamic bank
The Islamic Development Bank has agreed to extend to the Indonesian Exporters Association (GPEI) a $240 million guarantee on letters of credit for exports to the Middle East, Indonesia's news agency reported. Regional-Indonesia, Economics, 7/15/1998 - Libya, Chad sign oil accord Libya-Chad, Economics, 7/15/1998
- Jordan sends aid to Sudan Jordan-Sudan, Economics, 7/14/1998
- Oman - jobs Oman, Economics, 7/14/1998
- Iraqi oil minister discusses in Damascus reopening pipelines
Iraqi Oil Minister Amer Muhammad Rashid started talks in Damascus on Sunday night with his Syrian counterpart Muhammad Maher Jamal on means of strengthening cooperation in the oil sector. Syria-Iraq, Economics, 7/13/1998 - 39 Iraqi contracts approved
The United Nations has ratified 39 oil contracts submitted by Iraq under the fourth phase of its oil-for-food deal with the world body, a UN official said yesterday. Iraq, Economics, 7/13/1998 - Saudi economic examines progress on Egyptian projects
A Saudi economic delegation headed by Mohammad Bin Abdallah al-Soukair, the general manager of the Saudi fund for development and investment, observed progress on the implementation of Egyptian projects financed by a Saudi donation of $500 million. Egypt-Saudi Arabia, Business, 7/13/1998 - Bahrain - power use Bahrain, Economics, 7/13/1998
- Qatar National Bank profits Qatar, Business, 7/13/1998
- Oman bank restructure Oman, Business, 7/13/1998
- Somalia: Gaddafi pledges to pay costs of capital's administration
Former Somali President Ali-Mahdi Mohammed said that Libyan President Moammar Gaddafi promised to pay all the necessary costs for the administration of the Somali capital, Makadishu. Somalia-Libya, Economics, 7/13/1998 - African Bank for Development has granted the Algerian national company $144.5 million Algeria, Economics, 7/13/1998
- Mediterranean conference on tourism and environment held in Tunisia North Africa-European Union, Economics, 7/13/1998
- Iraqi oil minister arrives in Damascus Syria-Iraq, Economics, 7/13/1998