Arabic News Weekly Edition for Economics, 10/5/1998
Weekly Edition, Economics - Week of October 5, 1998
- Gulf States face austerity measures
The Gulf States have begun austerity measures due to reductions in petroleum prices that could lower their incomes to less than $60 billion during the current year. Gulf, Economics, 10/10/1998 - Delegation of Turkish businessmen to visit Egypt
A Turkish commercial economic delegation that comprises 110 businessmen, investors and high-ranking officials in several ministries will visit Egypt during the period from October 16 - 19 to discuss aspects of joint cooperation between the two countries. Egypt-Turkey, Economics, 10/10/1998 - Canadian, Italian and Japanese companies drill for Yemeni petroleum
A Canadian company obtained the right to drill for petroleum in Yemen. The right includes four petroleum drilling permits in northeast Yemen near the Saudi border. Yemen, Business, 10/10/1998 - OAPEC: Egypt most developed country in petroleum discoveries
The Organization of Arab Petroleum Exporting Countries (OAPEC) confirmed that Egypt is currently considered one of the greatest developing countries in petroleum discoveries, not only in the Arab states but the Middle East as well. Egypt, Economics, 10/10/1998 - Cairo: 1,401 companies established during 1998 Egypt, Economics, 10/10/1998
- New investments in Sinai are worth LE 600 million Egypt, Economics, 10/10/1998
- Oman oil exports increase Oman, Economics, 10/10/1998
- Suez Canal income $28.5 billion since reopening in 1975 Egypt, Economics, 10/10/1998
- Rabat and Bonn conclude scientific cooperation accord Morocco-Germany, Economics, 10/10/1998
- Moroccan economy's results are encouraging, King says
King Hassan II hailed on Friday the "encouraging" results achieved by Morocco's economy, which has managed not only to resist the financial crisis hitting the world economy, but to continue its march towards growth. Morocco, Economics, 10/10/1998 - Morocco's economic and political stability highlighted in Washington
Morocco's economic and political stability in a turbulent world and the wide steps covered by the Kingdom towards modernization and democracy were outlined at a luncheon-debate between the Moroccan economy and finance minister and a group of US businessmen. Morocco-USA, Economics, 10/9/1998 - $50 million to develop Tunisian harbors, marine fishery
The International Bank for the Establishment and Construction specified 50 million dollar for financing a project for developing Tunisian harbors of Rawes, Bizerte, Gabes within projects of developing an infrastructure for the marine transpiration sector which total $84 million. Tunisia, Economics, 10/9/1998 - Abu Dhabi working on new projects to upgrade petroleum industries
Abu Dhabi announced that it is trying to attract foreign investments to the petroleum and gas sectors to finance development operations at a cost of $1 billion. United Arab Emirates, Economics, 10/9/1998 - Tunisia hosts workshop on food treatment by radiation
A five day-workshop on food treatment by radiation starts here on next Monday, under the sponsorship of the Arab Atomic Energy Agency (AAEA), the food and Agriculture Organisation (FAO) and the international atomic energy Agency (IAEA). Regional, Business, 10/9/1998 - Training session on tapestry modernization held in Fez
Scores of tapestry makers are currently attending a training session on the modernization of their activity. Morocco-UN, Business, 10/9/1998 - 10 new companies in the Egyptian stock market Egypt, Economics, 10/9/1998
- FAO enforces a project of 8 million dollar in Aswan Egypt, Economics, 10/9/1998
- Egypt plans to increase exports to Eastern European countries Egypt, Economics, 10/9/1998
- World Trade Organization chief coming to Cairo Egypt, Economics, 10/9/1998
- European bank financing Egyptian steel project Egypt, Economics, 10/9/1998
- Tunisia and Belgium ratify cooperation agreement Tunisia-Belgium, Economics, 10/8/1998
- Islamic Development Bank launches $1.5 billion fund
Dr. Ahmed Mohammed Ali, President of the Islamic Development Bank (IDB), said a fund worth $1.5 billion is being created to make investments in infrastructure projects in member states. Regional, Economics, 10/8/1998 - Morocco's finance minister examines U.S.-Maghreb cooperation initiative
The U.S. initiative to encourage inter-maghreban economic exchanges topped talks held here on Wednesday between Moroccan economy and finance minister, Fathallah Oualalou and U.S Under-secretary of state for economic affairs, Stuart Eizenstat. North Africa-USA, Economics, 10/8/1998 - Japanese assistance for Syrian power stations
To meet the drastic need for qualified engineers in Syria for the operation and maintenance of existing and future power stations, the Electricity Power Training Center will be opened Jandar with the economic cooperation of the government of Japan. Syria-Japan, Economics, 10/8/1998 - UAE to work toward nationals as judges United Arab Emirates, Economics, 10/8/1998
- Jordan to open trade center in Algeria Jordan-Algeria, Economics, 10/8/1998
- Kuwaiti investments in Bosnia Kuwait-Bosnia, Economics, 10/8/1998
- 4 new agreements for drilling petroleum in Egypt Egypt, Business, 10/8/1998
- Iraq imports Saudi and Chinese cars
Iraqi diplomatic sources in Cairo said today that Iraq intends to agree upon the Saudi offer to supply Baghdad with cars and spare parts for the Iraqi General Company for Transport within the oil-for-food agreement. Iraq-Saudi Arabia, Economics, 10/8/1998 - Egypt holds economic conference with Russian Commonwealth countries Egypt, Economics, 10/8/1998
- Egypt exports electricity worth LE 2.6 billion Egypt, Economics, 10/8/1998
- Tunisian businesswomen hold fair
The annual fair for Tunisian businesswomen will be held on November11. The four-day fair coincides with Tunisian celebrations of the 11th anniversary of President Bin Ali coming to power. Tunisia-Regional, Economics, 10/8/1998 - Tourism in Lebanon improves by 10 percent Lebanon, Economics, 10/8/1998
- Golden chance for Egyptian cotton in international markets Egypt, Economics, 10/8/1998
- Britain supports Egypt's attitude in anti-dumping issues Egypt-European Union, Economics, 10/7/1998
- 400,000 tons of Egyptian rice to Indonesia Egypt-Indonesia, Economics, 10/7/1998
- Volume of banking credit in Omani banks is 2.4 billion riyals Oman, Economics, 10/7/1998
- German businessmen In Morocco next week
On the eve of this visit, "Africa Verein" issued a statement on the economic situation in Morocco pointing out that the kingdom has successfully carried out its economic adjustment program and can be "rightfully compared to the most advanced nations in matters of liberalism." Morocco-Germany, Business, 10/7/1998 - Sheikh Zayed calls for aid to Kosovo victims United Arab Emirates, Economics, 10/7/1998
- Qatar Chemical company established Qatar, Business, 10/7/1998
- Iran - UAE trade fair United Arab Emirates-Iran, Economics, 10/7/1998
- Jordan - free trade Jordan, Economics, 10/7/1998
- Argentine exports to Arab states grow Regional, Economics, 10/7/1998
- UN Regional Conference on Space Held in Rabat end of October Morocco-Regional, Business, 10/7/1998
- Moroccan finance minister holds talks with IMF and U.S officials
Morocco's efforts to consolidate its economic and financial situation topped Oualalou's talks with IMF director general, Michel Camdessus. Morocco-IMF, Economics, 10/7/1998 - 1998 Emirate aviation cooperates with the Japanese Nipon
Emirates Aviation Company, owned by Dubai's government, signed an agreement with the Japanese company Nipon for cooperation on trips between the two countries. United Arab Emirates-Japan, Business, 10/7/1998 - Food imported by Arab states totals $35 billion Regional, Economics, 10/7/1998
- American AID supplies 9 million dollars for NGOs Egypt-USA, Economics, 10/7/1998
- New airport in Abu Dahbi with 660 million dollar
The civil aviation circle in Abu Dhabi announced today the "building of a new airport in Abu Dhabi city to meet the requirement of the coming century." United Arab Emirates, Business, 10/6/1998 - Selling 45 percent of Qatar's Q-Tel communication company
The Qatari government decided to offer 45% of its shares in the General Corporation for Communications (telephones) for sale at the beginning of December. Qatar, Business, 10/6/1998 - France launches bid to convert $ 127 mln Moroccan debt
The French Finance ministry launched Monday a tender for the conversion of a $ 127 million Moroccan debt owed to France into private investments to be carried in Morocco. Morocco-France, Economics, 10/6/1998 - Foreign private investments and loans drop by 56 percent
Foreign private investments and loans to Morocco dropped by about 56 % during the first four months of 1998, going down from 2.5 billion dirhams at the end of April 1997 to 1.10 billion at the end of April 1998. Morocco, Economics, 10/6/1998 - Syria - Iran trade Syria-Iran, Economics, 10/6/1998
- Lebanon develops volume of trade with Syria and Kuwait
Lebanon and Kuwait agreed to developing commercial cooperation between them through gradually canceling the customs fees posed on locally-manufactured industrial products during the coming four years. Lebanon-Kuwait, Economics, 10/6/1998 - Zinc International Studies Group Meets in Morocco Regional-Morocco, Business, 10/6/1998
- EU Supports Morocco's Candidacy For World Trade Organization Chairmanship
The candidacy of former Moroccan minister, Hassan Abouayoub, for the World Trade Organization Chairmanship is backed by the 15-member countries of the European Union. Regional-Morocco, Economics, 10/6/1998 - Morocco's balance of payments posts 549 mln surplus Morocco, Economics, 10/6/1998
- Moroccan Oil Company SAMIR increased sales, to merge with SCP
Morocco's oil company SAMIR announced revenues of $ 24 million (214.8 mln Dirhams) in the first six months of 1998, a 5.8 % increase compared to the same period of last year. Morocco, Business, 10/6/1998 - Iraq, Austria resume trade relations
Iraq signed with an Austrian delegation currently visiting Baghdad an agreement on commercial exchange and cooperation. Iraq-Austria, Economics, 10/6/1998 - Syrian-Jordanian joint ministerial committee to meet in Amman
Jordanian Minister of Trade and Industry Muhammad Saleh al-Hourani said on Monday that the Jordanian - Syrian joint committee on the ministerial level will hold a meeting in Amman on November 16. Syria-Jordan, Economics, 10/6/1998 - Egypt, US sign aid agreement, secretary of commerce to visit Cairo
Egypt and U.S. signed yesterday 129 agreements dictating new economic subsidies to Egypt valued at $826.1 million within the annual US aid program to Egypt. Egypt-USA, Economics, 10/5/1998 - Oman forms stock market committee Oman, Economics, 10/5/1998
- New petrochemical factory in Saudi Arabia Saudi Arabia, Business, 10/5/1998
- New facility for trading in Dubai
In a press statement, Dubai's government announced yesterday a project to establish a new shopping facility to be completed in the year 2001. United Arab Emirates, Business, 10/5/1998 - European - Mediterranean partnership conference Regional-Egypt, Economics, 10/5/1998
- Egypt: 300 million dollar from the world bank Egypt, Business, 10/5/1998
- Egypt participates in Baghdad international exhibition
Egypt agreed to participation in the Baghdad international industrial and economic exhibition, which will be held from November 1 - 10, especially after the success of the May exhibition of Egyptian products. Egypt-Iraq, Economics, 10/5/1998