Arabic News Weekly Edition for Economics, 12/7/1998
Weekly Edition, Economics - Week of December 7, 1998
- King Hassan II chairs national colloquy on employment
The three-day colloquy, gathering representatives from the government, parliament, local councils, private sector, non-governmental organizations and unemployed university graduates, will look into ways of promoting employment and adapting education and training to the job market. Morocco, Economics, 12/12/1998 - 35 percent reduction in Libyan petroleum income Libya, Economics, 12/12/1998
- Cairo: negotiations to establish large road network Egypt, Business, 12/12/1998
- UN chief approves Iraqi food plan Iraq-UN, Economics, 12/12/1998
- Kuwaiti Fund Lends Morocco $ 22.5 Mln For Energy Projects Morocco-Kuwait, Economics, 12/12/1998
- Moroccan fish professionals denounce extension of fisheries accord with Russia
Moroccan Fish Professionals denounced on Friday the extension of the fisheries accord with Russia, saying that renewal of the accord harms Morocco's sea resources. Morocco-Russia, Economics, 12/12/1998 - Morocco-US Council on Trade and Investment holds annual meeting in Rabat
The Morocco - US council on trade and investment held its annual meeting in Rabat on Friday. Morocco-USA, Economics, 12/12/1998 - World Bank deputy chairman hails Egyptian economy's performance Egypt-World Bank, Economics, 12/11/1998
- Lahoud adheres to confidential banking accounts
Lebanese President Emile Lahoud called for maintaining the confidentiality of bank accounts in Lebanon, and he called on the banks to maintain the steady value of the Lebanese lira. Lebanon, Economics, 12/11/1998 - 9,520 million dinars is the volume of Tunis' budget
Tunisian Prime Minister Hamed Karoui presented to the deputies' council Wednesday a budget draft for the coming year which is estimated at 9,520 million Tunisian dinars, up 475 million dinars from this year's budget. Tunisia, Economics, 12/11/1998 - Gadhafi wants freeze on crude oil production
Libyan leader, Muammar Gadhafi, insisted that member countries of the Organization of Petroleum-Exporting Countries should stop pumping crude oil in winter 1998-1999 to shore up prices. Regional-Libya, Economics, 12/11/1998 - Egyptian premier reiterates call for an Arab common market
The Egyptian Prime Minister Dr. Kamal al-Ganzouri has reiterate his call to establish a common Arab market so long awaited for, similar to the European experience as a step towards establishing the bilateral trade free zone. Jordan-Egypt, Economics, 12/11/1998 - Morocco and Canary Islands step up cooperation in renewable energies
The Moroccan center for the development of renewable energies signed lately a partnership accord with the Canary islands Technology Institute. Morocco-Canary Islands, Economics, 12/11/1998 - Sudanese workers threaten to hold a general strike
Sudanese dailies issued on Wednesday said the general federation for workers in Sudan has threatened to hold a general strike if the government refuses to increase salaries. Sudan, Economics, 12/11/1998 - A loan for Algeria from the African Bank for Development Algeria, Economics, 12/11/1998
- Moroccan-Saudi cooperation commission meets shortly Morocco-Saudi Arabia, Economics, 12/11/1998
- Two hotels to be privatized in Morocco
Privatization receipts are expected to reach five million Dirhams (around $ 500,000) by end 1998, said Moroccan minister for the public sector and privatization, Rachid Filali. Morocco, Business, 12/11/1998 - World Bank lends Morocco $ 250 mln
The World Bank lent Morocco $ 250 Million to back the country's economic reforms and social development program. Morocco, Economics, 12/11/1998 - Arab states discuss Mediterranean partnership Economics, 12/11/1998
- Value of Libyan dinar reduced by 18 percent against the dollar Libya, Economics, 12/10/1998
- $700 million from European Union to Egypt in the coming year
A report for the economic sector in the Egyptian Ministry of Agriculture stated that the European Union agreed to grant Egypt 700 million dollars as loans, donations and facilities during the beginning of the coming year. Egypt-European Union, Economics, 12/10/1998 - Morocco's population growth stands at 1.7 percent
with a 28 million-strong population, population growth has started to decrease since the 80s as fecundity regressed from 6 to 3 children per woman in the period between 1977 and 1997 Morocco, Economics, 12/10/1998 - African Development Bank lends Morocco $ 386.4 million
The African Development Bank extended Morocco two loans worth $ 386.4 millions destined to finance several socio-economic development projects. Morocco-Africa, Economics, 12/10/1998 - Morocco bans ocean fishing
Pelagic fishing will be banned in Moroccan southern coasts starting this December 11, Moroccan fisheries department said. Morocco, Economics, 12/10/1998 - European commission grants Morocco 110 million ECU in assistance
The European Commission granted Morocco 110 Million ECU financial assistance that will enable the Kingdom to carry out several health and educational projects in the rural zones. Morocco-European Union, Economics, 12/10/1998 - US says Mid-East peace efforts should focus on business and economics
Daley will also meet with business leaders on the Bethlehem 2000 project aimed at rebuilding the city in the new millennium. Regional-USA, Economics, 12/10/1998 - Morocco and Gibraltar open direct sea line
Moroccan minister in charge of the Maghreb, the Arab and Islamic world, Abdeslam Znined, said the new sea line to be operated by a car-ferry Morocco, Business, 12/10/1998 - First Palestinian air trip to arrive in Cairo on Friday
The first air trip organized by the Palestinian airline is to arrive in Cairo on Friday at the inaguration of the air route between Cairo and Gaza International Airport. Egypt-Palestine, Economics, 12/10/1998 - Morocco well ahead in fight to avert Y2K computer bug
The experts noted that the situation in Morocco is not as complex as in other developed countries in view of the low level of automation in the North African Morocco, Economics, 12/10/1998 - Visa company participates in a new Jordanian company Jordan, Business, 12/10/1998
- A minister Arab market by the beginning of the 2000 Regional, Economics, 12/9/1998
- 2.5 billion pounds in European aid to modernize Egyptian industry
Two aid agreements worth 2.5 billion Egyptian pounds were signed yesterday between Egypt and the European Union. Egypt, Economics, 12/9/1998 - Egyptian Orascom company raises capital by 60% Egypt, Business, 12/9/1998
- Libya lost more than $ 23 billion because of embargo
Libya has lost more than $ 23 billion up to the end of 1997 as a result of the 6-year long embargo, according to an official report. Libya, Economics, 12/9/1998 - Congressman Campbell in Morocco as US direct investment rise
Moroccan minister in charge of the Government's General affairs, Ahmed Lahlimi, conferred Tuesday here with Congressional Representative Tom Cambel, member of the US House committee in charge of Africa, on bilateral relations and topical issues of common concern. Morocco-USA, Economics, 12/9/1998 - US delegation in solidarity with the Iraqi people
A US people's delegation led by former US Attorney General Ramsey Clark left Amman on Tuesday heading for Baghdad in solidarity with the people of Iraq against the sanctions imposed on them. Iraq-USA, Economics, 12/9/1998 - GCC oil ministers agree to reduce oil production
Oil ministers from the six Gulf Cooperation Council countries have agreed to reduce their countries' oil production as of March 1999 to support oil prices in the current low-priced world oil market. Gulf, Economics, 12/9/1998 - Germany to assist Morocco develop wind power
Germany will assist Morocco develop its renewable energy programs and mainly wind power projects. Morocco, Economics, 12/9/1998 - Oman - India natural gas pact Oman-India, Business, 12/9/1998
- UAE: diversify Gulf economies United Arab Emirates-Gulf, Economics, 12/9/1998
- Egypt Airline postpones scheduled flights to Gaza Palestine-Egypt, Business, 12/9/1998
- Algerian airlines employees end strike Algeria, Business, 12/9/1998
- Moroccan and Italian businessmen conclude partnership accord Morocco-Italy, Economics, 12/9/1998
- Strikes cost Morocco over 557,000 working days in 1996-97
Some 607 strike movements staged in Morocco in 1996-97 entailed a loss of 557,802 working days, an executive from the advisory council in charge of following-up social dialogue said. Morocco, Economics, 12/9/1998 - Sweden bans money orders to Morocco Morocco-Sweden, Business, 12/9/1998
- US Procter- Gamble company launches $ 27 mln plant in Morocco
The US based Procter & Gamble Company inaugurated Tuesday a $ 27 Million plant in the City of Mohammadia (near Casablanca). Morocco-USA, Business, 12/9/1998 - First private airline company established in Algeria Algeria, Business, 12/9/1998
- China Eximbank extends Morocco's BMCE bank $ 50 million loan
The China Import-Export Bank will extend the Moroccan Foreign Trade Bank (BMCE) a credit totalling $ 50 million under a two-year agreement concluded in Beijing. Morocco-China, Business, 12/8/1998 - Illegal emigration is result of north-south economic gap
Successive waves of Moroccan and African nationals are driven by joblessness and poverty to stealthily travel to Europe putting their lives at peril in the troubled waters of the 14-km long Gibraltar strait separating Morocco and Spain. North Africa, Economics, 12/8/1998 - Jordan - water Jordan-Norway, Economics, 12/8/1998
- Oman - refinery Oman, Economics, 12/8/1998
- Saudi Exhibition in Morocco Morocco-Saudi Arabia, Business, 12/8/1998
- $55 billion investment volume in Saudi industrial sector Saudi Arabia, Economics, 12/8/1998
- Egyptian fund to cooperate with Palestine Egypt-Palestine, Economics, 12/7/1998
- Iraqi minister of trade meets with Egyptian ministers of electricity and agriculture Iraq-Egypt, Economics, 12/7/1998
- Royal Air Maroc and Transworld Airlines conclude agreement
Moroccan air carrier "Royal Air Maroc" (RAM) and US "Transworld Airlines" (TWA) celebrated end of last week the signing last month of a "code-share" agreement between the two companies. Morocco-USA, Business, 12/7/1998 - UAE: Oil prices are first summit subject
Sheikh Abdullah Sayed, the United Arab Emirates' minister of information and culture, expressed his optimism that the gulf summit, which will begin today in Abu Dhabi, can express the ambitions of the Gulf Cooperation Conference's (GCC) states and leaders. Gulf-United Arab Emirates, Economics, 12/7/1998 - AL economic council approves executive program
During its 68th session held in Cairo on Sunday, the Arab League council for economic unity approved an executive program for resuming the application of the regulations of the mini Arab common market. Regional, Economics, 12/7/1998 - Production quality seminar opened in Damascus
Syrian Economy Minister Muhammad al-Imadi said that the ratio of international trade to the Syrian Gross National Product has increased from 20.7 percent in 1986 to 29.7 percent in 1996. Syria, Business, 12/7/1998 - China to set up $ 5 million porcelain plant in Morocco
China will set up in Morocco a $ 5 million porcelain plant to produce annually 10 million ceramic items destined for exportation. Morocco-China, Business, 12/7/1998 - Jordan, Israel boost transport cooperation
The Jordanian weekly al-Hadath reported, quoting Jordanian sources, that Israeli El Al planes and other foreign companies recently transported aircraft-engines for Jordanian Royal Airline planes from al-Lid airport in Israel to Jordan. Jordan-Israel, Economics, 12/7/1998 - Oman - fishing Oman, Economics, 12/7/1998
- Moroccan leading ONA private group to invest in Saudi mining sector Saudi Arabia-Morocco, Business, 12/7/1998
- Arab organisation of civil aviation meets in Morocco Regional-Morocco, Business, 12/7/1998