Arabic News Weekly Edition for Economics, 9/28/1998
Weekly Edition, Economics - Week of September 28, 1998
- Cairo: 500 million pounds for first stage of technology valley
Egyptian Minister of Public Works Atef Ebied announced today that they are currently setting up executive measures for the project of a "technology valley" in Ismalia governorate covering 16,500 feddans. Egypt, Economics, 10/3/1998 - France grants Morocco $750 million
France decided Friday to grant Morocco an additional financial assistance worth usd 750 Million to help the Kingdom carry out several socio-economic development projects and alleviate the debt burden which strangles Morocco's economy. Morocco, Economics, 10/3/1998 - Exhibition for Egyptian products in Jeddah
A week-long exhibition for Egyptian products will be inaugurated today in Jeddah, Saudi Arabia. Egypt-Saudi Arabia, Economics, 10/3/1998 - Power France assists Morocco to build first wind power plant
The Moroccan National Electricity Office (ONE) signed Friday in Paris with a French consortium a usd 53 Million deal for the construction of a 50.4 megawatt (MW) wind power plant in northern Morocco. Morocco-France, Business, 10/3/1998 - British - Saudi firm invests $50 million in Moroccan tourism project
British - Saudi "Majestic Hotels" said Wednesday it will invest $50 million in the building of a large tourism complex in the Moroccan village of Skhirat (south of Rabat). Morocco-Saudi Arabia-UK, Business, 10/3/1998 - Arab loans for three African countries
The board of directors of Arab Economic Development Bank in Africa agreed in its meeting currently being held in Cairo to present loans valued at $25 million to Burkina Faso, Zimbabwe and Equatorial Guinea. Regional-North Africa, Economics, 10/3/1998 - Moroccan and French prime ministers call private operators to enhance partnership
Moroccan and French prime ministers, Abderrahmane Youssoufi and Lionel Jospin, chaired here Friday the opening session of a one-day session on economic partnership between the two countries' private sectors. Morocco, Business, 10/3/1998 - Egypt's production of sugar is 1.2 million tons
Statistics issued today for the Egyptian holding company of food industries said that Egypt's production of sugar is 1.2 million tons annually where the expectation that the production will reach to 1.25 million tons next year. Egypt, Business, 10/3/1998 - A Gulf week in Tunis
The first Gulf week starts on Monday in Tunis, comprising exhibitions and cultural and technical activities, in addition to starting a political symposium that aims at deepening joint cooperation between Tunis and the Arab Gulf countries. Gulf, Economics, 10/3/1998 - WB - IMF meetings due Regional-World Bank, Economics, 10/2/1998
- Report: US oil companies to return to Saudi Arabia
The US daily "The Washington Post" said on Wednesday that seven US companies are now negotiating with Saudi Arabia to return to the kingdom in order to develop the energy sector there. Saudi Arabia-USA, Business, 10/2/1998 - Tunisia to host discussion on future of worldwide tourism Regional-Tunisia, Economics, 10/2/1998
- Privileges offered to cars of Egyptian, diplomats abolished effective today
Official sources in the Egyptian ministry of finance stated that the resolution to obtain customs duties and sales taxes on all kinds of diplomats' cars coming from abroad for the diplomats working in Egypt takes effect today. Egypt, Economics, 10/1/1998 - Islamic countries need to benefit from globalization, increase inter-trade
Addressing the opening session of a seminar on "trade and investments among OIC countries, economic stabilization and structural reforms in OIC countries," Allali said that increasing economic liberalization and the gradual dismantling of customs barriers are forcing OIC countries to identify factors that would help them benefit from the new international economic environment and reduce the adverse effects of globalization. Regional-OIC, Economics, 10/1/1998 - Washington renews US-Maghreb partnership initiative
Washington renewed on Wednesday the initiative it launched several months ago to establish an economic and commercial partnership with Morocco, Algeria and Tunisia. Maghreb-USA, Economics, 10/1/1998 - Iraqi trade minister arrives in Tehran
Iraqi trade minister Muhammad Mahdi Saleh arrived in Tehran on Wednesday, leading an official delegation on a three-day official visit during which he will take part in the opening ceremony of the Tehran International Exposition today. Iraq-Iran, Economics, 10/1/1998 - Budget will be decided after Hrawi's term ends Lebanon, Economics, 10/1/1998
- Kuwait loan of $30 million for Pakistan
Kuwaiti economic sources announced yesterday that Kuwait presented loans to Pakistan of $30 million to finance a project for rebuilding a station that will produce electric energy in Punjab province in central Pakistan. Kuwait-Pakistan, Economics, 10/1/1998 - Morocco prepares for year 2000 computing shift
Moroccan computing authorities are preparing for the year 2000 computer shift to alleviate the shock and impact of such a switch on the functioning of Moroccan banking, finance, bourse and other commercial sectors. Morocco-Canada, Economics, 10/1/1998 - Swedish company eyes solid waste processing project in eastern Morocco Morocco-Sweden, Business, 10/1/1998
- Moroccan, French talks focus on debt conversion
The meeting, to be attended by senior Moroccan and French officials, features round tables on Moroccan-French financial cooperation, particularly the interest aroused by the prospects for reconverting Morocco's debt to France into private investments. Morocco-France, Economics, 10/1/1998 - US energy secretary to visit Saudi Arabia Saudi Arabia-USA, Economics, 10/1/1998
- Gulf - European partnership meeting planned for 1999 Gulf-European Union, Economics, 10/1/1998
- Jordan to boost agricultural relations with Israel Jordan-Israel, Economics, 10/1/1998
- Austria to resume trade relations with Iraq
An Austrian trade delegation on Wednesday held talks in Baghdad with Iraqi officials centered on means of resuming trade relations between the two countries. Iraq-Austria, Economics, 10/1/1998 - Goweili: Anti-dumping issues to be discussed tomorrow
A symposium on economic relations will be held between Egypt and the European Union under the sponsorship of Egyptian Minister of Trade and Supply Ahmed Goweili, and regulated by the Egyptian trade representation body in cooperation with the European Commission. Egypt-European Union, Economics, 9/30/1998 - Jordanian ceramics to Syria Jordan-Syria, Business, 9/30/1998
- Iraq, Syria reinvite Turkey to dialogue on water issue
The Iraqi acting minister added that the meeting also dealt with the grave consequences of the Turkish projects on the rights of Syria and Iraq and means of implementing Arab League resolutions boycotting international companies and institutions which finance these projects Regional-Iraq, Economics, 9/30/1998 - Two funds of 600 million directed at Egypt's financial market
Leaders of the Egyptian finance market agreed on establishing two new investment funds worth 600 million Egyptian pounds to activate the Egyptian financial market. Egypt, Economics, 9/30/1998 - Egypt: Two tourism projects to cost $200 million
The Egyptian Ministry of Tourism signed contracts for two tourist projects to be managed by Meridian International series with investments estimated at $200 million. Egypt, Economics, 9/30/1998 - Palestinians learn water management in Morocco with German support
Moroccan Drinking Water Office has started a new training session for Palestinian technicians in the fields of water conveyance, maintenance and sewage. Palestine-Morocco, Economics, 9/30/1998 - UAE power plant planned United Arab Emirates, Business, 9/30/1998
- Egyptian air lines to 6 African countries Egypt, Business, 9/30/1998
- Arab union for tourism and hotels to convene in Cairo in November Egypt-Regional, Economics, 9/30/1998
- Algeria: Government abides by implementing demands of labor union
Algerian Prime Minister Ahmed Oyehia and the secretary-general of the labor union, Sidi El-Said signed yesterday a protocol for an agreement that contains the government's commitment to implementing seven demands presented by the syndicate. Algeria, Economics, 9/30/1998 - Geneva to host seminar on Moroccoan business opportunities
Geneva will play host next November 27-28 to a seminar on the business opportunities and incentives Morocco offers to foreign investors. Morocco-Switzerland, Business, 9/30/1998 - Air Space Morocco to Join European Air Space Morocco-European Union, Business, 9/30/1998
- Moroccan pavillion offers its 1 million and 500th visitor free stay in Morocco Morocco-Portugal, Business, 9/30/1998
- Morocco to subsidize exports of olive oil Morocco, Business, 9/30/1998
- Despite depression of oil prices, Saudi economic outlook good
Saudi Minister of Finance and National Economy Ibrahim al-Assaf has asserted that despite the decrease in oil prices and the world economic crisis, the Saudi economy is expected to undergo a strong revival led by the private sector with an expected inflation rate reduction this year and for the immediate future. Saudi Arabia, Economics, 9/29/1998 - $18 million to upgrade Tunisian phosphate sector
The Tunisian corporation for phosphates, a public sector company, invested $18 million, to upgrade its production to face the increasing competition in international markets. Tunisia, Business, 9/29/1998 - India wants Gulf tourists Gulf-India, Business, 9/29/1998
- Increasing Egypt's aluminum exports to Algeria
Egyptian Minister of Trade and supply Ahmed Goweili announced today an increase in Egyptian aluminum exports to Algeria. Egypt-Algeria, Economics, 9/29/1998 - Moroccan Fisheries Delegate Minister in Japan Morocco-Japan, Economics, 9/29/1998
- Presence of Daewoo in Morocco offers great opportunities to Italian enterprises
The presence of the South Korean group "Daewoo" in Morocco is offering important business opportunities to Italian enterprises operating in the sectors of car-making and electronic devices. Morocco, Business, 9/29/1998 - Transport sector accounts for 6 percent of Morocco's GDP
The transport sector accounts for 6 percent of Morocco's gross domestic product, the Moroccan transport and merchant navy minister said. Morocco, Economics, 9/29/1998 - Bahrain for establishing common Arab market Bahrain-Regional, Economics, 9/29/1998
- On Iraqi oil exploration
The Middle East Economic Survey said on Monday that the exploration processes carried out by a foreign consortium, led by "Look Oil" company in the Western "al-Qernah" oil field in Iraq, proceeds slowly because of the Russian economic crisis. Iraq-Russia, Business, 9/29/1998 - Agreement for US economic aid to Egypt to be signed Sunday
Egyptian economic sources said today that the signing of the agreement to resume distributing American economic aid to Egypt for 1998 will take place on Sunday. Egypt-USA, Economics, 9/28/1998 - Jordan to establish Jordanian national company for water
Jordanian Minister of Water and Irrigation Hani al-Mulqi said that invitations had been circulated to more than 50 local and foreign companies to take part in a meeting to be held on October 17, discuss the project to set up the Jordanian national company for water. Jordan, Economics, 9/28/1998 - Japanese Yamaha decides to enhance presence in Morocco
The Japanese Yamaha group has decided to enhance its presence in Morocco by joining its exclusive representation and distribution with the "MIFA" society, which has been Yamaha Motors' exclusive partner in Morocco for over 30 years. Morocco, Business, 9/28/1998 - Egyptian minister of tourism confirms revival of tourism in Egypt Egypt, Economics, 9/28/1998
- Former Spanish premier calls for Europe's enhanced support to Morocco
Former Spanish Prime Minister Felipe Gonzalez called on Europe to grant more significant support to Morocco which has "a strong stature" and a "typical flexibility" of countries located at the crossroads of civilizations and cultures. Morocco-Spain, Economics, 9/28/1998 - European ambassadors neglect Egyptian businessmen's meetings
Ambassadors of European countries backing Egypt's attitude in a product-dumping dispute with the European Union refused yesterday to attend the meeting of the Egyptian Businessmen's Assembly to discuss points of view toward the dumping issues raised against Egypt and thank them for their backing of Egypt in the issue. Egypt-European Union, Economics, 9/28/1998 - Turkish economic delegation to visit Cairo next month
A Turkish economic delegation that comprises more than 100 persons representing 61 economic and commercial corporations will arrive in Cairo on the October 16 to hold talks concerning supporting economic relations and increasing commercial exchange between the two countries. Egypt-Turkey, Economics, 9/28/1998