Arabic News Weekly Edition for Economics, 1/4/1999
Weekly Edition, Economics - Week of January 4, 1999
- Morocco and Japan conclude accord to build fishermen village in Safi
Morocco and Japan concluded an accord providing for the construction of a fishermen village near the Moroccan city of Safi (350 km south of Rabat). Morocco-Japan, Economics, 1/9/1999 - Seven new companies to be registered on Egyptian stock market
The Egyptian stock market approved the registration of seven new companies with capital amounting to 211 million pounds. A committee in the stock market also approved an increase in the capital of five other companies. Egypt, Business, 1/9/1999 - An International airport in Egyptian Oasis
Egyptian Minister of Housing Mohammed Ibrahim Soliman agreed on specifying 10 thousand feddans on the road of Oasis for establishing an international airport to serve investment and tourism in this region, Soliman said in his meeting with the members of the assembly of October 6 City investors yesterday evening. Egypt, Business, 1/9/1999 - Sudan produces record cereal crop
Sudan has produced a record 6.5 million tonnes of cereal in 1998, according to a report jointly issued by the Ministry of Agriculture and the Rome-based UN Food And Agriculture Organization Sudan, Economics, 1/9/1999 - New Tunisian bonds for finance
The El-Aman Corporation for financial lease in Tunis announced its decision yesterday to issue bonds for five years valued at 10 million dinars with an interest rate of 8%. Tunisia, Business, 1/9/1999 - Inaugurating Cairo Conrad Hotel in February
On February 1, Cairo Conrad International Hotel is to be inaugurated, the first hotel belonging to the Conrad company in the Middle East. Egypt, Business, 1/9/1999 - Egypt takes part in G-15 investment initiative Egypt, Economics, 1/9/1999
- France extends new credit line to Morocco Morocco-France, Economics, 1/9/1999
- Syria makes great progress in health and basic survices, has highest fertility rate in the world
According to the report published by UNICEF for 1999, mortality rate among Syrian children had been reduced between the years 1960 and 1997 from 201 to 33 per thousand, and the mortality rate among infants for the same period decreased from 136 to 27 per thousand. Syria, Economics, 1/8/1999 - Egyptian cabinet briefed on new oil discoveries
The Egyptian cabinet chaired by Premier Kramal al-Ganzouri on Wednesday reviewed latest oil discoveries in the Southern Ghareb area in the Suez canal. Egypt, Economics, 1/8/1999 - Ministerial meeting for Nile Basin countries
Ministers of water resources for the Nile Basin countries will convene during March in Kenya to discuss final features for a new cooperation mechanism ratified by experts from the Nile Basin countries North Africa, Economics, 1/8/1999 - Morocco expects 6.7 percent growth rate in 1999
Morocco is expecting a growth rate of 6.7%, spokesman of the government, Khalid Alioua announced on Thursday. Morocco, Economics, 1/8/1999 - An Egyptian exhibition in Oman
An Egyptian exhibition for tourist and hotel equipment will be held in Oman Sultanate in March, Ibrahim Fawzi, the head of the general organization for investment told ArabicNews.com. Egypt-Oman, Business, 1/8/1999 - Total agricultural investments in Tunisia on the increase
The total volume of the investments in the Tunisian agricultural sector increased during last year to reach 208.49 million Tunisian dinars in comparison to 159 million dinars for 1997. Tunisia, Economics, 1/8/1999 - 4 million passengers transported by Egypt Air to 85 international cities
The number of passengers transported by Egypt Air on domestic and international flights reached 4,021,639 for the fiscal year 1997/98. Egypt, Business, 1/8/1999 - Arab League and IAEA hold colloquy on nuclear peaceful usage Regional, Economics, 1/8/1999
- Saudi Arabia lends Algeria $22 million
The Saudi Development Bank extended the Algerian gas and electricity company a $22-mln loan to carry out a new power station in the capital, Algerian energy officials said on Thursday. Saudi Arabia-Algeria, Economics, 1/8/1999 - Morocco was not affected by Asian crisis, say economists
Morocco was shielded from effects of the crisis that hit the economies of southeast Asian countries, in view of Morocco's low volume of financial transactions, Moroccan economists said on Wednesday. Morocco, Economics, 1/8/1999 - A loan from Egypt's international bank of 600 million dollars Egypt, Economics, 1/7/1999
- Continuing basic infrastructure projects in Egyptian villages through 2017 Egypt, Economics, 1/7/1999
- Trade exchange agreement between Egypt, Senegal Egypt-Senegal, Economics, 1/7/1999
- Egypt officially joins COMESA
Egypt, yesterday joined the COMESA, the economic organization of east, west and central African countries, to be the twentieth member state, after the ratification by the people's assembly yesterday of the agreement to join the COMESA group. Egypt, Economics, 1/7/1999 - French -Egyptian company for marketing medicines in Africa
The first Egyptian medicine shipment arrived yesterday to the African country Mauritius in the first commercial dealing between the two countries. Egypt-Mauritius, Business, 1/7/1999 - Salaries take up 12 percent of Morocco's GDP
Moroccan minister of Civil service and administrative reforms, El Hussein Aziz, said salaries in Morocco take up 12% of the GDP. Morocco, Economics, 1/7/1999 - 72 million dinars in foreign investment in Jordan's stock market
The networth of foreign investments in the Jordanian stock market increased to reach 72.9 million dinars in comparison to 2.8 milllion dinars for the year 1997. Jordan, Economics, 1/7/1999 - Jordan - Iraq oil agreement Jordan-Iraq, Economics, 1/7/1999
- Turkish iron companies dump the Egyptian market Egypt, Economics, 1/6/1999
- Qatari stock market occupies first place among Arab markets
The Qatari stock market achieved the best Arab performance in 1998 with a rate of 35%. Morocco's stock market that came in the second position as it achieved profits of 19.8%, the Egyptian stock market came in the third position, and the growing Palestinian stock market occupied the fourth position despite being considered lesser in capital than any other Arab stock market. Regional, Economics, 1/6/1999 - Shortage in Algerian budget amounts to 173 billion dinars Algeria, Economics, 1/6/1999
- Electronic mail in Syria this month Syria, Economics, 1/6/1999
- Saudi Arabia: 40 companies begin Internet
A week ago, Saudi Arabia agreed to allow the Internet in the kingdom. The number of companies working in Internet service numbered 40, and the expected number of subscribers to this network will amount to 120,000 Saudis at the end of the year. Saudi Arabia, Economics, 1/6/1999 - Sri Lanka to exhibit in Qatar Qatar-Sri Lanka, Economics, 1/6/1999
- Oman - data exchange agreement Oman, Business, 1/6/1999
- Some $150 million invested in film shooting in Morocco in 1996-97
Some $ 150 million were invested in the shooting of 803 films in Morocco between 1996 and 1997, the Moroccan cinematographic center said. Morocco, Business, 1/6/1999 - Egyptian foreign debts amount to $29 billion Egypt, Economics, 1/6/1999
- Israeli-Turkish trade exchange increasing Israel-Turkey, Economics, 1/6/1999
- Arab Fund provides US $11.5 million loan for Mauritania Mauritania, Economics, 1/5/1999
- Damascus hosts courses on food testing laboratories
Syrian Minister of Supply and Internal Trade Nadeem Akkash and the representative of the Food and Agriculture Organization in Damascus, Mustafa Sinasser, on Saturday signed an agreement on holding training courses in the area of food testing laboratories. Syria, Economics, 1/4/1999 - Morocco's car sales up 10 percent in 1998
Morocco's car sales increased in 1998 by 10 % to 54,938 units against 49,897 vehicles sold in 1997, the Moroccan car-makers' federation said in its latest release. Morocco, Business, 1/4/1999 - Oman establishes inviolable areas for pipelines Oman, Economics, 1/4/1999
- Moroccan airlines increase its strips to Geneva Morocco, Business, 1/4/1999
- Euro will have indirect effects benefiting Morocco, says European chief diplomat
Euro will have direct effects on trade, mainly a larger monetary transparency in the market and several other indirect effects that will certainly benefit Morocco, said head of the European Delegation in Morocco, Lucio Guerrato. Morocco-European Union, Economics, 1/4/1999 - Two million tourists visited Morocco in 1998 Morocco, Economics, 1/4/1999
- Morocco's lodging needs do not exceed 130,000 units
Morocco's real needs in lodgings "do not exceed 130,000 units," Moroccan housing minister, Mohamed El-Yazghi said. Morocco, Business, 1/4/1999 - 5,000 tourists rang in the new year in Aswan Egypt, Economics, 1/4/1999
- A billion dollar are the investments of searching for the Egyptian petroleum Egypt, Business, 1/4/1999
- Four pounds for the euro in Egyptian banks Egypt, Economics, 1/4/1999
- Jordanian banks deal with euro Jordan, Economics, 1/4/1999