Arabic News Weekly Edition for Economics, 9/7/1998
Weekly Edition, Economics - Week of September 7, 1998
- Egypt and Tunisia sign free trade zone agreement
In concluding the works of the Arab economic ministers, Cairo witnessed heightened economic activity that included an agreement for a free trade zone in the course of several meetings between Egyptian Minister of Trade Ahmed El-Goweili and number of his Arab counterparts. Egypt-Tunisia, Economics, 9/12/1998 - African fish professionals set up association in Morocco
The African Fish exporters and importers decided Friday to set up an association and install its headquarters in Morocco. North Africa-Morocco, Economics, 9/12/1998 - New Arab satellite
The Arab telecommunication space establishment will launch a new satellite during the first quarter of the next year, Arab satellite A-3 which will add 20 new channels to KU broadcast services. Regional, Business, 9/12/1998 - Trade representation calls for the necessity of ready-made clothes in South Africa
An economic study called for the need for Egyptian ready-made clothes in the market of South Africa. Egypt-South Africa, Business, 9/12/1998 - Palestinian casino opening nears Palestine, Business, 9/12/1998
- Morocco to have new customs code that is for business
Morocco will adopt shortly a new customs code meeting the expectations of businessmen and exporters (for a modern and efficient system), Director General of the Moroccan Customs said. Morocco, Economics, 9/12/1998 - Morocco advocates large Arab free trade area
Morocco renewed Wednesday at the 62nd session of the Arab economic and social council in Cairo, its hopes that a large Arab free trade area will be established as a means to an effective and sustained economic takeoff in the area. Regional-Morocco, Economics, 9/11/1998 - Interview: Brazilian - Arab Chamber of Commerce
Dawly, whose chamber is taking part in the current 45th Damascus International Fair, added that the globalization of the world's economies and the introduction of new technologies make the chamber realize it is necessary to work as business partner to contribute with the integration of Brazil within the Arab economies. Syria-Brazil, Economics, 9/11/1998 - Egypt and Lebanon sign 3 agreements for free trade zone
Egypt and Lebanon agreed yesterday to establish a free trade zone between the two states. At the conclusion of the Egyptian - Lebanese joint committee meetings in Cairo, the sides signed three agreements relating to the unification of standards, cooperation in the field marine transport and the establishment of a free trade zone. Egypt-Lebanon, Economics, 9/11/1998 - European trade delegation to visit Saudi Arabia
A high level delegation representing a number of companies from the European petrochemical and chemical sectors is going visit Saudi Arabia during November 7 - 11. Saudi Arabia, Business, 9/11/1998 - 18 percent increase in Egyptian exports to Arab states
Egypt's trade with the Arab states reached 7.2 percent of total foreign trade, which is worth LE 31.6 billion. Egypt, Economics, 9/11/1998 - 1997 Arab GNP totaled US $600 billion Regional, Economics, 9/11/1998
- 5 billion pounds of British investment in Egypt
British minister of construction Nick Reinsford praised the Egyptian economy, saying that Egypt enjoys a good climate that attracts foreign investment. Egypt-UK, Economics, 9/11/1998 - Tunisia witness large increase in visiting Tourists
During the first 6 months of this year, the number of tourists visiting Tunis has reached nearly 1.44 million, an increase of 6.3% compared to the same period at last year. Tunisia, Economics, 9/10/1998 - Iraq inter - Arab trade up 50 percent
Arriving at Cairo airport yesterday to attend the meetings of the economic and social council of the Arab trade ministers today, Iraqi Minister of Trade Muhammed Mahdi Saleh confirmed that the volume of trade between Iraq and the Arab states has increased by 50% during the current year. Iraq-Regional, Economics, 9/10/1998 - Syria's economic ties with Saudi Arabia, Tunisia highlighted
Director of the Tunisian pavilion at the 45th Damascus International Fair, Muhammad Darbash, stressed his country's interest in the Syrian market to maintain economic integration between the two countries. Syria-Regional, Economics, 9/10/1998 - Concern over deteriorating economic conditions in occupied lands
Arab ministers of economy and finance have expressed deep concern over the deteriorating living conditions in the occupied Arab territories, foremost the West Bank and Gaza Strip, and over the increase in unemployment figures and poverty. Regional-Palestine, Economics, 9/10/1998 - Oman: Oil prices likely to stay low Oman, Economics, 9/10/1998
- Jordan getting new port at Aqaba Jordan, Business, 9/10/1998
- Sudan - famine relief Sudan, Economics, 9/10/1998
- German business delegation to visit Egypt on October 25
A delegation of German businessmen will visit Egypt on October 25 to discuss activating commercial and economic relations between the two countries. Egypt-Germany, Economics, 9/10/1998 - Kuwait to convert to unleaded gasoline
Kuwait will convert almost completely to unleaded gasoline overnight in October, a first in the Middle East, a Kuwait National Petroleum Co. (KNPC) spokesman said yesterday. Kuwait, Economics, 9/10/1998 - Shah Zada appointed new director for Jordanian television, radio Jordan, Economics, 9/10/1998
- Saudi Arabia to protect its economy from deterioration
Saudi authorities decided to offer citizens of the Gulf Cooperation Council states the same privileges as those given to its citizens to work in the private sector. Saudi Arabia, Economics, 9/9/1998 - Iraq accuses U.S. and Britain of obstructing oil-for-food agreement
Iraqi Minister of Health Medhat Mubarak accused the U.S.A and Britain of obstructing the ratification of contracts that would allow Iraq to purchase medicine according to oil-for-food agreement. Iraq-UN, Economics, 9/9/1998 - Peres calls for setting up common market to settle migration problems
Former Israeli Prime Minister Shimon Peres has called for setting up a common market between Europe and the Middle East and Africa to help settle immigration problems. Regional-Israel-Spain, Economics, 9/9/1998 - UAE buys Airbus planes United Arab Emirates, Business, 9/9/1998
- Growth expected back in Morocco in 1998, Moroccan Bank
Growth is expected back in Morocco in 1998, as forecasts predict a 6 to 7 percent increase in the Gross Domestic Product in 1997. Morocco, Economics, 9/9/1998 - Morocco ends state monopoly over recruitment agencies
The Moroccan government adopted Tuesday a convention on private recruitment agencies, ending the state's monopoly in this field, it was officially announced in Rabat. Morocco, Business, 9/9/1998 - Egyptian minister: New markets opening for Egyptian products in African Arab countries Egypt, Economics, 9/9/1998
- United Arab Emirates and Iraq to launch sea line next October
The United Arab Emirates (UAE) and Iraq will launch next October a maritime line for the transport of passengers between the two countries. United Arab Emirates-Iraq, Business, 9/8/1998 - Lebanon and Egypt sign agreement establishing free trade zone
Egyptian Minister of Trade Ahmed El-Goweili said that the meetings of the high ministerial committee between Egypt and Lebanon, which will begin its work on Wednesday in Cairo. Egypt-Lebanon, Economics, 9/8/1998 - Egypt denies crisis with Ethiopia over Nile River's waters
Egyptian Prime Minister Kamal Ganzouri stated today that his country does not exceed its share of the Nile River's water, where the new projects implemented in southern Egypt Egypt-Ethiopia, Economics, 9/8/1998 - Two more loans to Morocco under negotiation from the World Bank
Loans granted by the World Bank to Morocco total $7.7 billion for 117 projects and the two sides are currently negotiating a loan to support various projects and an exceptional one to support economic, social and telecommunications reforms. Morocco-World Bank, Economics, 9/8/1998 - Islamic Bank approves $1.5 billion fund
The board of executive Directors of the Islamic Development Bank (IDB) approved setting up of an infrastructure fund with a capital 1.5 billion dollars. Regional, Economics, 9/8/1998 - Oman invests in telecommunications satellite project Oman, Business, 9/8/1998
- French aid for the Syrian Majdal Shams town in occupied Golan Syria-France, Economics, 9/8/1998
- Discussing challenges facing Arab banks Regional, Economics, 9/8/1998
- Kuwaiti government retracts increase in gasoline prices Kuwait, Economics, 9/8/1998
- Tourism discussions between Egypt and Britain Egypt-UK, Economics, 9/8/1998
- Beirut to host Arab banking conference in November
The head of the Arab Banks Union, Mohammed Abdul Aziz, said today that Egypt is going to participate in the Arab banking conference held by the Union, on November 5 - 7. Regional, Economics, 9/8/1998 - US official to visit Cairo, Middle East soon
Kathy Nafili, the assistant American commercial representative for European and the Mediterranean affairs, will visit Cairo on September 17 within a tour that comprises Jordan and Israel, and that she will pave for the visit of US Secretary of Commerce William Daley to Egypt. Egypt-USA, Economics, 9/7/1998 - Board of Islamic Bank's executive directors starts new session
The board of executive directors of the Islamic Development Bank began on Sunday its 180th session to discuss ways of contributing to higher economic and social growth in member countries. Regional, Economics, 9/7/1998 - Arab bankers meet in Amman
Meetings of the 22nd ordinary session of the council of the governors of Arab central banks and monetary establishments started on Sunday. Representatives of the Arab Monetary Fund, the International Monetary Fund, the Arab Banks Union, the Arab League and Arab stock exchange missions are also taking part in the session's activities. Regional, Economics, 9/7/1998 - Jordan cuts assistance to ineligable families Jordan, Economics, 9/7/1998
- Sudan appeals for $20 million emergency assistance
The Sudanese government launched an appeal for an international emergency assistance of $20 million to supply food, medicine and shelter to thousands of flood victims. Sudan, Economics, 9/7/1998 - Gulf and Moroccan air carriers sign deal on passengers' transportation
Morocco's air company "Royal Air Maroc" (RAM) and the regional carrier "GulfAir" signed on Sunday an agreement to operate joint flights between Casablanca and the Gulf region. Morocco-Gulf, Business, 9/7/1998 - World Bank to sponsor cultural, development projects in Morocco
A Moroccan minister announced that the World Bank will finance some 100 cultural projects in Morocco and contribute up to $300 million in a biennial program against poverty. Morocco, Economics, 9/7/1998 - Turkish delegation to discuss investment opportunities in Egypt
A Turkish economic delegation is to arrive at Cairo to pay a four-day visit from September 16 - 19. Egypt-Turkey, Economics, 9/7/1998