Arabic News Weekly Edition for Economics, 12/14/1998
Weekly Edition, Economics - Week of December 14, 1998
- McDonald's expands in Lebanon Lebanon, Business, 12/19/1998
- Bahrain - exports Bahrain, Economics, 12/19/1998
- Morocco hosts international seminar on road maintenance
An international seminar opened this Friday in Morocco to look into latest road maintenance techniques, funding and management. Morocco, Economics, 12/18/1998 - Egypt and Turkey negotiate free trade zone Egypt-Turkey, Economics, 12/18/1998
- Egypt to expand central bank's independence
The Egyptian government is heading toward ratifying a new law that gives the central bank more authorities in practicing its activities as the ultimate monetary authority by canceling the ministry of economy's trusteeship on it. Egypt, Economics, 12/18/1998 - Germany grants loan to Tunisia Tunisia-Germany, Economics, 12/18/1998
- Morocco targets 5.5 percent growth rate
Morocco decided to set up a five-year economic plan for the 1999-2003 period to endow the Moroccan private and public sectors with "a strategic vision" and a long-term visibility. Morocco, Economics, 12/18/1998 - Abu Dhabi organizes shopping festival to help economy
The Chamber of Trade and Industry in Abu Dhabi announced the establishment of a festival for shopping in the period of January 10 to February 10 on the occasion of the 30th anniversary of the chamber's founding. United Arab Emirates, Economics, 12/18/1998 - Morocco and Rumania to upgrade handicraft cooperation ties
Morocco and Rumania will set up shortly a joint committee in charge of promoting partnership between the two countries' handicraft sectors. Morocco-Romania, Economics, 12/18/1998 - Posts-telecom workers observe one-day strike Morocco, Economics, 12/18/1998
- Arab finance program grants Morocco $ 25.5 million credit
The Arab Trade Finance Program granted Morocco $ 25.5 Million credit line to fund sulfur imports from Saudi Arabia and Kuwait. Morocco-Saudi Arabia, Economics, 12/18/1998 - 152 billion pounds in taxes paid by Egyptians over 60 years
The most recent statistics issued by the Egyptian tax service revealed that Egyptians have paid 152,001,097,407 pounds since the establishment of the service in 1938. Egypt, Economics, 12/17/1998 - French minister says Europe does not mean to harm Egyptian exports
French Minister of Trade Jacques Dondoux stated that 'the countries of the European Union do not intend to impose any dumping fees on European imports of Egyptian cotton. Egypt-France, Economics, 12/17/1998 - Moroccan premier dedicates infrastructure projects in southern provinces
Moroccan Prime Minister Abderrahmane Youssoufi chaired in Guelmim (Southern Morocco) Wednesday over the launching of several infrastructure projects for a total investment of 191 Mln DH ($ 20.7 Mln) in the Moroccan southern town of Guelmim. Morocco, Economics, 12/17/1998 - Euro will give Moroccan businessman several advantages
The enforcement of the European single currency "Euro" next January will not entail any shocks for Moroccan businessmen. The Euro will on the contrary secure several advantages, said head of the European Union Delegation in Morocco, Lucio Guerrato. Morocco-European Union, Economics, 12/17/1998 - 400,000 tons of Egyptian rice to be exported to Indonesia
Egypt and Indonesia signed today a note of understanding for exporting 400,000 tons of Egypt rice to Indonesia. Egypt-Indonesia, Economics, 12/17/1998 - Losses of 10 billion dollars in Saudi Arabia Saudi Arabia, Economics, 12/16/1998
- A reduction in Algeria's reservoir of the foreign currencies Algeria, Economics, 12/16/1998
- European Investment Bank has 80 million ECU for Tunisian businessmen
ECU 50 million will be allocated to provide medium and long-term financing for enterprises in the manufacturing and service sectors Tunisia, Business, 12/16/1998 - Qatar urges raises in oil prices
Qatar announced on Monday that it supports any attempt to raise the deteriorated oil prices. Qatar, Economics, 12/16/1998 - Morocco extends by one year privatization law
The Moroccan government decided on Tuesday to extend by one year the law on privatization. Morocco, Economics, 12/16/1998 - 7 deficit in Jordan's 1999 budget
Sources in the Jordanian government today expected that the deficit in the 1999 budget would amount to 7.1% of the total local production of Jordan in 1999. Jordan, Economics, 12/16/1998 - Arab tourism committee recommends customs, tax facilitation
The Arab tourism committee Tuesday recommended Arab states to cancel departure fees among them, re-consider tourism taxes and facilitate customs procedures of touristic groups for the sake of encouraging inter-arab tourism. Regional, Economics, 12/16/1998 - Libyan economy withstands crisis Libya, Economics, 12/16/1998
- Palestinian industrial zone opened in Gaza Palestine-Israel-USA, Economics, 12/16/1998
- King Hassan meets Kuwaiti fund chief
King Hassan II received Monday evening in Marrakesh (central Morocco) director general of the Kuwaiti Fund for Economic and Social Development, Abdellah Yussef Al-Hamad. Morocco-Kuwait, Economics, 12/15/1998 - Euro will stabilize Morocco's currency
The listing next January in Morocco of the European single currency "Euro" will contribute to stabilizing Morocco's national currency, the Dirham, The Economist Intelligence Unit (EIU) said. Morocco-European Union, Economics, 12/15/1998 - Morocco decreases equity trade commission
The Moroccan stock market of Casablanca decided on Monday to cut by 42 % the commission rate on equity transactions. Morocco, Business, 12/15/1998 - Lebanon calls for European financial aid
Lebanese Minister of Trade and Industry Naser El-Seedi said that the draft agreement for European partnership needs important changes to deal with the Lebanese economic structure. Lebanon-European Union, Economics, 12/15/1998 - BAPCO gets loan for improvements Bahrain, Business, 12/15/1998
- Qatar - India LNG deal Qatar-India, Business, 12/15/1998
- Coke to distribute from Gaza Palestine-Regional-USA, Business, 12/15/1998
- Moroccan tomatoes in US market
Morocco will export this season nearly 400 tons of tomatoes to the USA, Moroccan "La vie Economique" reported in its latest release. Morocco, Economics, 12/15/1998 - Discussing increasing the exports of the Egyptian textile to the U.S.A Egypt-USA, Economics, 12/15/1998
- Moroccan banking sector on strike Dec17 Morocco, Business, 12/14/1998
- Syria to build two-lane highway with cooperation from Kuwaiti fund
A loan agreement was signed on Sunday at the Syrian State Planning Commission in Damascus between Syria and the Kuwaiti Fund for Arab Economic Development. Syria-Kuwait, Economics, 12/14/1998 - 60 Tunisian petroleum wells to be dug in the next five years
A source in the Tunisian Ministry of Industry stated that about new 60 petroleum wells are to be dug to offset falling local petroleum production, because the stock has run out in the four main fields: El-Berma, El-Zawia, Bala and Tazerka. Tunisia, Economics, 12/14/1998 - Employment problem a priority for Morocco, king says
King Hassan II of Morocco described the settlement of the unemployment problem as the second priority in Morocco after the kingdom's territorial integrity. Morocco, Economics, 12/14/1998 - France provides financing for Egyptian infrastructure projects
Egyptian Minister of Trade and Supply Ahmed Goweili signed yesterday with his French counterpart, Jacques Dondoux, an agreement on food aid for 1998, according to which France grants 30,000 tons of wheat to Egypt. Egypt-France, Economics, 12/14/1998 - 62 Egyptian companies to be floated in first half of next year
Egyptian Minister of Public Enterprises Atef Ebid said that 62 companies will floated for sale during the first half of the coming year to strategic investors. Egypt, Economics, 12/14/1998