Arabic News Weekly Edition for Economics, 12/28/1998
Weekly Edition, Economics - Week of December 28, 1998
- Over 16,000 training-insertion conventions sealed in 1998
Over 16,000 "Training-Insertion" conventions were concluded in Morocco since the launching of the "Training-Insertion" program in February 1998. Morocco, Economics, 1/2/1999 - Morocco welcomes new year with blessed rainfalls
Morocco welcomed the new year with blessed rains raising new hopes of a good agricultural season after the delay observed in rainfalls. Morocco, Economics, 1/2/1999 - French tourists flock to Egypt as tourism sector revitalizes Egypt, Economics, 1/2/1999
- GCC's development's strategy
The Gulf Cooperation Council's supreme council in its 19th session in Abu Dhabi recently approved a draft of the unified strategy for industrial development in the GCC states, following recommendations by the GCC foreign minister council's 69th session. Gulf, Economics, 1/2/1999 - Agreements air transportation between Egypt, Senegal and Croatia Egypt, Business, 1/2/1999
- Investments increase between Egypt and India in software and industrial field
Egyptian Minister of Trade and Supply Ahmed Goweili announced that, during the meeting of the Egyptian - Indian works' council, the two countries agreed on enhancing mutual investments between the two countries. Egypt-India, Economics, 1/2/1999 - French insurance group sells its subsidiaries in Morocco for 2 billion
French Insurance Group CAN has sold its two Moroccan subsidiaries -- Al-Wataniya and Alliance Africaine-- for two billion French Francs. Morocco-France, Business, 1/2/1999 - Egypt denies talks with Israel to export natural gas
Egyptian Minister of Petroleum Hamdi El-Banbi denied that there are any negotiations with Israel with either the Egyptian electricity and petroleum departments on buying natural gas. Egypt, Economics, 1/2/1999 - Moroccan fish get a two months break for some rest
The observance of this biologic rest is provided for in the four-year fisheries accord concluded between Morocco and the EU in 1996. The move allows fish species to reproduce and aims to protect Morocco's sea resources. Morocco, Economics, 1/2/1999 - Morocco sets up $ 2.7 billion development program for northern regions Morocco, Economics, 1/2/1999
- Investments to reach 25 percent of GDP in 2003 Morocco, Economics, 1/2/1999
- Establishing the first guaranteed Egyptian investment fund Egypt, Business, 1/2/1999
- Canadian commercial delegation to visit Cairo in February Egypt-Canada, Economics, 1/2/1999
- Egyptian textile factories ready face international competition Egypt, Economics, 1/2/1999
- Ericson wins a contract of upgrading Syrian phones Syria-Sweden, Economics, 1/2/1999
- 19,000 small and medium-sized industrial establishments in Egypt Egypt, Business, 12/31/1998
- An Egyptian investment fund of 150 million pounds Egypt, Business, 12/31/1998
- First exhibition for Egyptian products in Iran
An exhibition of the Egyptian products in Iran will be organized for the first time since the Islamic revolution in Iran in 1979 on June 21 - 26, 1999. Egypt-Iran, Economics, 12/31/1998 - Al-Saedi: agreements with Syria encourage investment
Lebanese Economy Minister Nasser al-Saeedi said that the Lebanese-Syrian agreements aim at "encouraging investment." He referred to "current joint trade projects for which necessary financing is underway." Lebanon-Syria, Economics, 12/31/1998 - Bahrain releases its budget for 1999-2000
Bahraini Emir Sheikh Issa Bin Salman al-Khalifa has issued a presidential decree on the state's general budget for the fiscal years 1999 and 2000, during which deficit increased to 160 million dinars in each of the two years. Bahrain, Economics, 12/31/1998 - Suez Canal revenues fall in 1998
During the first 11 months of the current year, revenues from the Suez Canal has retreated to $1.62 billion, as about 12,356 vessels weighing 353 million tonnes have crossed through the canal. Egypt, Business, 12/31/1998 - New Algerian domestic airline approved Algeria, Business, 12/31/1998
- Government expenditures reduced in Kuwait for 1999 Kuwait, Economics, 12/31/1998
- Lebanon announces new measures for exports to Baghdad
The economic affairs directorate at the Lebanese Foreign Ministry has announced in a statement to Lebanese traders and industrialists who export to Iraq "new measures" to carry out the oil-for-food program concerning ratification of export certificates. Lebanon-Iraq, Economics, 12/31/1998 - EURO in the Palestinian areas by the beginning of 1999
The Arab Bank in Jerusalem on Tuesday announced that Palestinians of the West Bank and the Gaza Strip will be able to deal in the European currency, the "Euro," as of the January 1, 1999. Palestine, Economics, 12/31/1998 - Morocco will invest $ 100 million in road projects in 1999
Morocco will invest $ 100 million in road projects in 1999, Moroccan equipment department said on Tuesday. Morocco, Economics, 12/30/1998 - $2.7 billion to finance Arab Trade Fund in 1999
The Arab League's assistant secretary general for economic affairs, Abdul Rahman El-Sahibani, said that the Arab Trade Fund (ATF) has decided to specify about $2.7 billion for financing commercial processes among the Arab countries during 1999. Regional, Economics, 12/30/1998 - Japan cancels warning to its citizens on visits to Egypt
Japan has canceled a warning issued last year following the Luxor massacre advising its citizens not to visit Egypt after the attack claimed the lives of 58 tourists, many of whom were Japanese. Egypt-Japan, Economics, 12/30/1998 - Saudi Arabia announces guidance budget for 1999
Saudi Arabia on Monday announced its budget for 1999 which set expenditures for the next year at 165 billion Saudi riyals (US $ 44 billion). It estimates revenues at 121 billion riyals (US $ 32.3 billion), leaving a total expected defecit estimated at 44 billion riyals (US $ 11.7 billion). Saudi Arabia, Economics, 12/30/1998 - Number of air trips between Amman and Tel Aviv to increase
An official source in the Jordanian company Alia, the Royal Jordanian Airline, said today that the coming year will view an increase in the number of the air trips for the company's airplanes on all lines, except the Amman - Hafia line. Jordan-Israel, Economics, 12/30/1998 - Moroccan enterprises ready to contribute to creating 250,000 jobs annually
The Moroccan industrial federation (CGEM / employers Association) said it is mobilized to contribute to creating 250,000 jobs annually. Morocco, Economics, 12/30/1998 - Bahrain forsees 320 million dinar deficit over two years Bahrain, Economics, 12/30/1998
- Qatar export prospects good Qatar, Economics, 12/30/1998
- Beirut hosts conference on telecommunication modernization in the Arab states
Beirut will play host next February to a conference on the current status of the telecommunication industry in the Arab states. Regional, Economics, 12/30/1998 - Moroccan public health sector observes two-day strike
Moroccan public health workers, personnel, nurses and physicians, observe a two-day strike as of this Dec. 30 to protest the "authorities' indifference and failure to meet their grievances." Morocco, Economics, 12/30/1998 - Egyptian - European negotiations on potato problem Egypt-European Union, Economics, 12/30/1998
- Palestinian investments total $5 billion Palestine, Economics, 12/30/1998
- Syrian tires exported to Saudi Arabia Syria, Business, 12/30/1998
- French loan of $40 million for Tunisia Economics, 12/29/1998
- Iran to provide foreign investment guarantees
Iran's parliament yesterday passed a law that will provide foreign investment guarantees as part of an attempt to jump-start the economy, which has been hit by the slump in oil prices. Iran, Economics, 12/29/1998 - Kuwaiti petroleum minister warns of $5 per barrel price for oil
Kuwait warned yesterday that petroleum prices could reach $5 per barrel unless the producers take an immediate steps to prevent that. Kuwait-Regional-OPEC, Economics, 12/29/1998 - Kuwait suffers deterioration in its economy
Kuwaiti Foreign Minister Sheikh Sabah al-Ahmad al-Sabah is to convene a meeting today with the chief of the nation's council and members of parliamentary committees to present the government's plan for dealing with the bad economic situation through which Kuwait is currently passing. Kuwait, Economics, 12/29/1998 - 10 agreements between Egypt and Belgium
Egyptian Minister of Trade and Supply Ahmed Goweili announced yesterday that the Crown Prince Philip of Belgium will pay a four-day visit to Egypt starting on February 27 to head a delegation of Belgian businessmen and officials. Egypt-Belgium, Economics, 12/29/1998 - British company estimates 400 million pounds to buy Egyptian company
The British company Glaxo Wellcome has totally allotted 400 million Egyptian pounds to buy Egypt's Amoun Pharmaceutical Industries Company. Egypt, Business, 12/29/1998 - Syrian production of gas exceeds one billion cubic meters
The quantity of natural gas produced from wells in Syria has amounted to one billion cubic meters through mid-December, at a rate of between 2 and 4 million cubic meters of gas daily. Syria, Economics, 12/29/1998 - Yemen to Have its Own Stock Exchange Yemen, Economics, 12/28/1998
- Saudi trade exposition in Baghdad postponed
The inauguration of the Saudi trade exposition scheduled to be opened in Baghdad on Sunday was postponed until January 26, 1999 because of the US-British attacks against Iraq. Saudi Arabia-Iraq, Economics, 12/28/1998 - Bahrain - charity Bahrain-Iraq, Economics, 12/28/1998
- Oman - budget Oman, Economics, 12/28/1998
- IDB approves $ 88 loans to Islamic countries
The Islamic Development Bank"IDB has approved lately $ 88 Million loans and assistance in favor of several Arab and Muslim member countries. Regional, Economics, 12/28/1998 - Baghdad accuses UN of delaying oil-for-food contracts approval Iraq-Regional, Economics, 12/28/1998
- 25 British companies to take part in Cairo Comdex conference Egypt-UK, Business, 12/28/1998
- Germany donates 50 million marks to Egypt Egypt-Germany, Economics, 12/28/1998
- Egyptian - Moroccan businessmen's council is to meet in February
The Moroccan - Egyptian businessmen's council is scheduled to hold its second session in Cairo in February under the chairmanship of the Egyptian Businessmen's Assembly's chief, Saiid El-Tawil, and his Moroccan counterpart, Abd al-Rehim al-Hegougi. Egypt-Morocco, Economics, 12/28/1998 - Economic projects between Morocco and South Africa Morocco-South Africa, Business, 12/28/1998
- Subsidies of $24 million from Netherlands to Egypt Egypt-Netherlands, Economics, 12/28/1998
- Syrian-Lebanese economic committee meets today Lebanon-Syria, Economics, 12/28/1998