Arabic News Weekly Edition for Economics, 10/26/1998
Weekly Edition, Economics - Week of October 26, 1998
- Iraq: Oil-for-food a cover to prolong sanctions
Iraqi Minister of Trade Mohammed Mahdi Saleh stated after coming back from Paris that Iraq has not yet received equipment for the petroleum sector, according to the oil-for-food agreement. Iraq, Economics, 10/31/1998 - Saudi Arabia hosts first international conference on financing petrochemical industries
A conference for developing and financing petrochemical studies in Saudi Arabia will be convened in the industrial city of al-Jubail in eastern Saudi Arabia. Saudi Arabia, Economics, 10/31/1998 - Morocco and India convene to avoid double taxation
Morocco and India concluded on Friday in Rabat an accord whereby Rabat and New Delhi will avoid double taxation and prevent tax evasion. Morocco-India, Economics, 10/31/1998 - Oman to open tourist projects Oman, Economics, 10/31/1998
- Hyundai presents low bid in Qatar airport project Qatar-South Korea, Business, 10/31/1998
- Iraqi minister of trade to be in Cairo mid-November
Iraqi Minister of Trade Mohammed Mahdi Saleh is scheduled to arrive in Cairo in the middle of the coming month to meet with his Egyptian counterpart, Ahmed Goweili, to discuss increasing Egyptian exports to Iraq. Iraq-Egypt, Economics, 10/31/1998 - Morocco to construct $109 million tunnel across Atlas Mountains Morocco, Economics, 10/31/1998
- Moroccan fisheries minister in Lisbon
Morocco's minister in charge of sea fisheries, Thami Khyari, started on Friday a two-day visit to Portugal for talks with Portuguese officials on means of expanding bilateral fishery cooperation. Morocco-Portugal, Economics, 10/31/1998 - Syrian government discusses visit of trade minister to Iraq
Informed sources told ArabicNews.com that the Syrian government is currently discussing approval for Economic Minister Mohammed al-Amawi to travel to the inauguration of the Baghdad International Fair on Sunday. Syria-Iraq, Economics, 10/30/1998 - Egypt - COMESA symposium calls for achieving economic integration among member states
At the conclusion of an Egypt - COMESA symposium, yesterday, the participants emphasized the importance of advancing economic integration among the organization's member states to establish a free market Egypt, Economics, 10/30/1998 - Sustained job-generating growth tops government economic objectives
The Moroccan government said its major objective targets high and sustained economic growth to generate jobs. Morocco, Economics, 10/30/1998 - Yemen: New increase in exchange prices
The Yemeni Central Bank announced that it has intervened in the currency exchange market to face the sudden increase in the dollar's price in relation to the riyal. Yemen, Economics, 10/30/1998 - Egyptian businesses press dumping charges against Turkish iron
The owners of iron factories in Egypt decided to press a dumping claim against Turkish iron to the anti-dumping body in the Egyptian Ministry of Trade and Supply. Egypt-Turkey, Economics, 10/30/1998 - Iranian industries to exhibit wares in Riyadh
Iran's Chamber of Trade, Industry and Minerals, Export Center, and the Iranian embassy in Riyadh are to organize an exhibition for Iranian industries from November 23 - 29 in the Saudi capital in association with the Riyadh Exhibition Company. Saudi Arabia-Iran, Economics, 10/30/1998 - World Bank to finance rehabilitation of Morocco's historic Fez Medina
The World Bank on Thursday approved two loans worth $14 million to help conserve and rehabilitate Morocco's ancient walled city of Fez-Medina, particularly the historic housing sections and the surrounding environs. Morocco, Economics, 10/30/1998 - Morocco's large projects attractive to Siemens
The German Siemens information systems group expressed "keen interest" in some large projects in Morocco. Morocco-Germany, Business, 10/29/1998 - Forum urges rational management of water resources
A final joint statement said the two-day forum, whose theme was the use of water in agriculture, called for preservation of water in consideration of the increasing needs of water in the near future. Regional, Economics, 10/29/1998 - Chinese economic delegation is visiting Cairo today
A Chinese large economic and commercial delegation is arriving today in Cairo with the chairmanship of Wang Axid Bing Wang, the Under-Secretary of Economical Cooperation in the foreign trade ministry in China. Egypt-China, Business, 10/29/1998 - Islamic bank loans Gabon $1.15 million Regional-Gabon, Economics, 10/29/1998
- Morocco trains Palestinians in handicraft and water management
A group of Palestinians is currently attending a training course in matters of pottery and handicraft know-how. Morocco-Palestine, Economics, 10/29/1998 - Hyundai assesses possibility of installing in Morocco
The giant South Korean Hyundai group is prospecting the possibility of installing in Morocco and benefiting from the country's growth and business potentials. Morocco-South Korea, Business, 10/29/1998 - Wilderness threatens Sudan Sudan, Economics, 10/29/1998
- Sudan - Iran telecommunications Sudan-Iran, Economics, 10/29/1998
- Palestinian airport to open in 10 pays
Head of the Palestinian Civil Aviation Authority Faiz Zaidan announced on Tuesday that the Gaza airport will open in 10 days Palestine, Economics, 10/28/1998 - Trade agreements between Egypt and South Africa to be signed today
Egypt and South Africa are endorsing today three agreements on trade, economic cooperation, and encouraging and protecting investments and marine transportation between the two countries. Egypt-South Africa, Economics, 10/28/1998 - Lebanese minister of industry to visit Iraq
Iraqi sources stated that Lebanese Minister of State for Industry Nadim Salim will visit Iraq on November 6, adding that this ministerial visit will have an important effect on bilateral relations between the two states. Iraq-Lebanon, Economics, 10/28/1998 - Morocco will not renew fishing accord with EU
Morocco will not renew the fishing accord concluded in 1996 with the European Union, the Moroccan fisheries minister told Tuesday here the Chamber of Advisors (upper house of the Parliament). Morocco, Economics, 10/28/1998 - Moroccan tourism up 10.6 percent as the French watched soccer
The number of foreign tourists having visited Morocco during the first nine months of 1998 stood at 1,563,277, a 10.6 percent increase compared to the same period in 1997, said a document released by the Moroccan Ministry of Tourism. Morocco, Economics, 10/27/1998 - Jordan and Israel inaugurate new dam
Israel and Jordan inaugurated on Monday a project to divert water from the Yarmouk river to Jordan Jordan-Israel, Economics, 10/27/1998 - Lebanese transportation minister seeks to open Lebanese - Canadian air route
Lebanese Minister of Transportation Omar Misqawi arrived yesterday in Canada for an official visit, to meet a number of officials concerned with the transportation sector to enhance methods of cooperation between the two countries. Lebanon-Canada, Economics, 10/27/1998 - Egyptian FM to open symposium on unified African market
Egyptian Foreign Minister Amr Moussa opened yesterday a international symposium between Egypt and COMESA, focusing on new horizons for investment. Egypt, Economics, 10/27/1998 - Prime minister confers with Saudi minister of higher education Morocco-Saudi Arabia, Economics, 10/27/1998
- IFC Invests $14.4 Million in Moroccan Textile Company
The International Finance Corporation announced on Monday plans to invest $14.4 million in a Moroccan textile enterprise, Settavex. Morocco, Business, 10/27/1998 - Oman - Tunisia meeting Oman-Tunisia, Economics, 10/27/1998
- UAE - Iraq ferry United Arab Emirates-Iraq, Economics, 10/27/1998
- 53 Omani companies participate in Baghdad International Exhibition Oman-Iraq, Economics, 10/27/1998
- Saudi Tabook pharmaceutical starts exporting to Algeria
The Saudi Tabook pharmaceutical company began to export its products to Algeria after establishing a branch there within the company's policy to enter new markets in the countries of North Africa. Saudi Arabia, Business, 10/27/1998 - Baghdad to resume civil aviation soon, accuses US of obstructs imports
Official sources in the Iraqi Petroleum Ministry accused the US of obstructing the importation of spare parts for the Iraqi petroleum industry, according to the UN's decision to allow the Iraqi authorities to import equipment worth $300 million for this purpose, within the oil-for-food agreement. Iraq-UN, Economics, 10/26/1998 - Ebeid: Global economic disturbances not affecting Egypt
At the inauguration of a symposium on the influence of financial market fluctuations, Egyptian Minister of Public Works Atef Ebeid stated yesterday that Egypt has not been affected by global financial disturbances Egypt-IMF, Economics, 10/26/1998 - German ambassador: Increasing investment in Egypt is subject to peace process
Peter Dingens, the German ambassador in Cairo, stated that the role of the Egyptian and German sectors in establishing new projects that increase the scope of investment and economic cooperation between Egypt and Europe is subject to the Middle East peace process' stability. Egypt-Germany, Economics, 10/26/1998 - Palestine initials free trade pact with EFTA
Palestine and the European Free Trade Association initialled on Friday a free trade agreement covering trade in industrial goods, sea products and processed agricultural goods. Palestine-European Union, Economics, 10/26/1998 - Arab bank disbursed $97 million in 1997 for African development
The Arab Bank for Economic Development in Africa (ABEDA) disbursed $97.8 million in 1997 to finance projects as well as technical assistance operations. North Africa, Economics, 10/26/1998 - Oman establishes montior for training programs Oman, Economics, 10/26/1998
- Jordanian - Yemeni meetings bear fruit
Jordanian Prime Minister Fayez Tarawneh and Yemeni Prime Minister Abdul Karim al-Iryani today signed the minutes of meetings of the joint higher committee between the two countries, the Jordanian news agency, Petra, reported. Jordan-Yemen, Economics, 10/26/1998 - Israelis steal top soil from Lebanon Israel, Economics, 10/26/1998