Arabic News Weekly Edition for Economics, 10/19/1998
Weekly Edition, Economics - Week of October 19, 1998
- Israel establishes canned food factory in Jordan
The Israel Kaneil company has decided to build a factory for food processing and canning in Jordan. Jordan-Israel, Business, 10/24/1998 - British Airways launches two new flights to Morocco
The British Airways launched two new direct flights towards Morocco, the British company reported friday. Morocco-UK, Business, 10/24/1998 - An agreement with EU on upgrading the Arab industry
Chairman of Arab Organization for Industrial Development, engineer Talaat El-Zafer said yesterday that the European Union signed an agreement of cooperation with the Arab Organization for Industrial Development in a number of fields that serve Arab industry Regional-European Union, Business, 10/24/1998 - Kuwaiti fund makes major pledge to Chad's development plan
The Kuwaiti Fund for Arab Economic Development pledged on Thursday to contribute $20 million to a three-year development plan presented by Chad's President Idriss Deby at a meeting organized by the UN Development Program (UNDP), the Kuwaiti news agency Kuna reported. Kuwait-Regional-Chad, Economics, 10/24/1998 - Tunisia and Morocco to enhance handicraft partnership
Moroccan Handicraft secretary of state, Hassan Maaouni, conferred Thursday here with Tunisian Tourism minister Slaheddine Maaoui on ways of boosting partnership between the two Maghreban countries in matters of handicraft and related sectors. Tunisia-Morocco, Economics, 10/24/1998 - Asian trade in Gulf is 10.8 billion dollar Gulf, Economics, 10/24/1998
- Lebanon, Egypt review trade relations Lebanon-Egypt, Economics, 10/24/1998
- Lebanese - Syrian agreement reduces advertising costs by 70 percent Syria-Lebanon, Economics, 10/24/1998
- US ambassador in Cairo says US strategy toward Egypt has not changed
US ambassador in Cairo Daniel Kurtzer denied that there has been a change in the American strategy toward Egypt. He stated that the gradual reduction in annual aid to Egypt comes as a result of the reduction in the US foreign aid budget. Egypt-USA, Economics, 10/24/1998 - 51 percent of Yemeni inhabitants under poverty line
Yemen's national report for human development for the year 1998 has shown a reduction in the level of expenditures on social services, especially in the sectors of health and education. It also referred to an increase of poverty to 51% encompassing 9 million Yemenis. Yemen, Economics, 10/23/1998 - European - Egyptian partnership talks coming in November
The new round of negotiations for Egyptian partnership with the European Union, is to be held in Cairo, on November 9 - 12. Egypt-European Union, Economics, 10/23/1998 - International Finance Corporation Finances Tourism Projects in Lebanon
The International Finance Corporation "IFC" will provide up to $11.5 million to finance the development of two hotels and four restaurants in Lebanon Lebanon, Economics, 10/23/1998 - 7th international building show opens in Casablanca
The 7th International Building Show opened Thursday here with the participation of 200 professional exhibitors from twenty foreign countries. Morocco, Business, 10/23/1998 - Morocco Hosts African Space Center Morocco, Business, 10/23/1998
- 14.4 billion cigarettes sold, earning the state around $600 mln
A total of 14.4 billion cigarettes were sold in 1997, earning the state around usd 600 million, says the annual report of the state-owned "Regie des Tabacs." In 1996 14.6 billion cigarettes were sold, earning the state budget usd 615 million. Morocco, Business, 10/23/1998 - Second national documentation exhibition opens in Damascus Syria, Economics, 10/23/1998
- Pipeline planned between Iraq and Jordan
Iraqi and Jordanian officials confirmed that Baghdad and Amman started yesterday talks concerning establishing a petroleum pipeline between the two countries at a cost of $350 million. Jordan-Iraq, Economics, 10/22/1998 - Enhanced economic cooperation between Egypt and Germany
An economic cooperation protocol for 1999 was signed yesterday between Egypt and Germany. Egypt-Germany, Economics, 10/22/1998 - Reduction in US aid to Egypt and Israel
The draft budget bill approved by the US parliament on Tuesday called for a reduction in the aid provided by the US to both Israel and Egypt by US $100 million for the fiscal year 1999. Egypt-Israel-USA, Economics, 10/22/1998 - Federation holds meeting on North African road network
The International Road Federation held, in parallel to its meeting this October 19-20 in Tunis, a seminar on roads and highways development in North Africa. Tunisia-North Africa, Economics, 10/22/1998 - Syrian-European partnership negotiations
European diplomatic sources said that the second round of official negotiations to reach a partnership agreement between Syria and the European Union started on Tuesday in Damascus. Syria-European Union, Economics, 10/21/1998 - French agency grants Morocco 100 million francs to fight unhealthy housing
The French Development Agency has granted Morocco a long-term loan worth 100 million French Francs to fight unhealthy housing. Morocco-France, Economics, 10/21/1998 - Experts from 24 Mediterranean countries discuss electric link networks
Egyptian Minister of Energy and Electricity Maher Abaza is traveling today to Italy to head an Egyptian delegation that comprises electricity experts in the ministry. Regional-Egypt-European Union, Economics, 10/21/1998 - Exhibition for Egyptian products in Argentina next May
Abdul Shara, the secretary general of the Union of Egyptian Trade Chambers said that his union and the union of industrial and trade chambers in Argentina agreed to establish an exhibition for Egyptian products in the Argentine capital, Buenos Aires, in addition to organizing a conference concerning investment opportunities in major projects in Egypt during the coming May. Egypt-Argentina, Economics, 10/21/1998 - Abu Dhabi buys half of Hyundai refining company United Arab Emirates, Business, 10/21/1998
- Speaker of Moroccan House of Representatives meets ILO chief Morocco, Economics, 10/21/1998
- Italian trade mission in Morocco
An Italian business delegation is expected in Morocco this October 26-28 to explore partnership projects with Moroccan entrepreneurs in various industrial and commercial sectors. Morocco-Italy, Economics, 10/21/1998 - Moroccan handicraft secretary of state to visit Tunisia Tunisia-Morocco, Economics, 10/21/1998
- Governmental income down by 9% in Oman
The Omani Ministry of National Economy said in a statement that the governmental income in the Sultanate decreased by 9% in the first half of 1998 in comparison with the same period last year. Oman, Economics, 10/21/1998 - Iraqi facilities for investment in the free zones Iraq, Economics, 10/21/1998
- Jordanian - Egyptian committee to meet in mid-November Jordan-Egypt, Economics, 10/21/1998
- Syrian economy minister arrives in Bahrain Syria-Bahrain, Economics, 10/21/1998
- Kuwait loans Lebanon 40 million for road construction
The project, to be completed by mid 1999, will solve a major problem of traffic and access to the city of Beirut from its Southern suburbs. Lebanon-Kuwait, Economics, 10/20/1998 - Belgian crown prince to visit Egypt in February
Informed sources told ArabicNews.com today that Belgium's Crown Prince Philip will visit Egypt next February within an African tour that comprises six northern and western African countries. Egypt-Belgium, Economics, 10/20/1998 - Arab electricity experts meet in Cairo
The experts underlined the importance of following up on the projects to establish electricity grids between the Arab states as well as between Arab and neighboring foreign countries so as electricity grid networking to be installed linking the Arab Maghreb states and al-Mashreq states before the year 2,000. Regional, Economics, 10/20/1998 - Turkish exporters: Syrian disputes do not affect our relations with Arab states
The chairman of the Turkish Exporters' Union, Kamal Orzman, in press declarations today to El-Wafd newspaper, denied that the political disputes between Turkey and Syria have affected trade relations with Arab countries, pointing out that political disputes between Egyptian and Iran have never obstructed the establishment of trade relations between the two countries. Egypt-Turkey, Economics, 10/20/1998 - Qatar - Gas reserves Qatar, Economics, 10/20/1998
- Profits of Saudi Sabic retreat
A press statement released yesterday by the Saudi company for basic industries announced that the company's net profits decreased during the first nine months of the current year, where it recorded a reduction amounting to 51%. Saudi Arabia, Business, 10/20/1998 - Morocco hosts international conference on satellite technologies in natural disasters prevention
Morocco plays host this October 26-30 to an international conference on the role of satellite technologies in the early warning against natural disasters. Regional-Morocco, Economics, 10/20/1998 - Forum on Moroccan capital market and investment in Casablanca
A two-day forum on the Moroccan capital market and investment "changes at home, challenges abroad" is to be held next week in Casablanca. Morocco, Economics, 10/20/1998 - $5 million financing program for Arab trade exchange
The head of the board of directors in the Arab Organization for Investment and Agricultural Development, Youssef El-Serkal, said that their board decided to contribute to the capital of an arm for financing trade between Arab countries at $5 million. Regional, Economics, 10/20/1998 - Jordan suspends licenses for Syrian imports
For the second time the Jordanian Ministry of Trade and Industry has suspended its measures to give shipping traders necessary importing licenses for commodities imported from Syria. Jordan-Syria, Business, 10/19/1998 - Egypt - Turkey trade reaches 700 million dollars
Egypt signed yesterday an agreement for commercial cooperation with Turkey, which dictates the exchange of information and expertise, in addition to research and joint marketing studies made by the center for upgrading Egyptian exports and the Turkish international trade department. Egypt-Turkey, Economics, 10/19/1998 - Tunis intends to sell three new cement factories
Tunisian Minister of Development Taoufik Baccar said today that Tunis intends to privatize three of the four cement factories still owned by the public sector. Tunisia, Economics, 10/19/1998 - Bahrain approves industrial projects Bahrain, Economics, 10/19/1998
- Forming Egyptian - Algerian businessmen's council
It was decided to form the first Algerian - Egyptian businessmen's council to increase investment and trade exchange, establish specialized fairs and take part in international fairs, on the basis that the regulative framework for the council be set up in Cairo at the end of December. Egypt-Algeria, Economics, 10/19/1998