Arabic News Weekly Edition for Economics, 1/18/1999
Weekly Edition, Economics - Week of January 18, 1999
- French aircraft engine maker to set up joint ventures with Moroccan airline
Head of the French Group "La Societe Nationale D'Etude et De Construction Des Moteurs D'Aviation" said recently in Paris that his group is planning to set up joint ventures with Moroccan flag carrier "Royal Air Maroc." Morocco-France, Business, 1/23/1999 - French diplomatic activity in Cairo
French Secretary of State for Tourism Michelle Demessine is to arrive in Cairo on Tuesday to start a three-day visit at the initiation of Egyptian Minister of Tourism Mamdouh El-Beltagi, a press statement released by the French embassy in Cairo today said. Egypt-France, Economics, 1/23/1999 - Arab economists to meet in Morocco
Morocco will play host next October 18-25 to the 13th congress of Arab economists to look into Arab economic strategies to counter upcoming globalization challenges. Regional-Morocco, Economics, 1/23/1999 - Symposium on Egyptian financial market before U.S. Chamber of Commerce in Cairo Egypt, Economics, 1/23/1999
- 3.1 percent is the inflation rate in Tunis Tunisia, Economics, 1/22/1999
- Cairo: Turkish delegation discusses a free trade zone Egypt-Turkey, Economics, 1/22/1999
- Morocco posted 6.3 % growth in 1998
Morocco posted a 6.3 % growth rate in 1998 (against -2 % in 1997) due to the good performance of agriculture, a Moroccan official told reporters Thursday. Morocco, Economics, 1/22/1999 - Exports to Britain reach 360 million pounds sterling as common trade grows
British exports to Egypt have risen by 85% during the last five years, while Egyptian exports to Britain doubled during the same period. Egypt-UK, Economics, 1/22/1999 - Moroccan delegation to tour Gulf states next month
A large Moroccan delegation of government officials and leading businessmen, led by Minister of Economy and Finance Fathallah Oualalou, will tour the six Arab gulf states forming the Gulf Cooperation Council (GCC) next month. Morocco-Gulf, Economics, 1/22/1999 - Economic commercial talks between Egypt and Uganda
An Ugandan commercial delegation that includes 10 officials and 23 businessmen, chaired by Ugandan Minister of Trade Moses Ali, is scheduled to hold important commercial and economic talks in Cairo during its weeklong visit to Cairo starting on January 30. Egypt-Uganda, Economics, 1/22/1999 - 98 international and local efforts to buy 11 companies, two factories in Egypt
The Egyptian ministerial committee for privatization, chaired by Prime Minister Kamal El-Ganzoury, is to discuss at the end of this month 98 international, local and Arab offers to buy 11 companies and two factories in Egypt and ratifying a program concerning reform for 28 state-owned companies. Egypt, Economics, 1/22/1999 - Morocco paid back $ 600 million of its foreign debt, official says
Morocco, he added, had not managed to contain the problem of the external debt that was accumulated since the seventies and that hampered its development. To overcome the situation, Oualalou proposed the reduction of financial imbalance to enable the Moroccan economy shift from a situation of indebtedness to that of expansion. Morocco, Economics, 1/22/1999 - Netherlands donates $240 million to Egypt
The Dutch government decided to allot $240 million for the Egyptian - Dutch development program for this year. Egypt-Netherlands, Economics, 1/22/1999 - Saudi catering chain to settle in Casablanca Saudi Arabia-Morocco, Business, 1/22/1999
- Italy to enhance industrial investment in Morocco
The Rome-based Italian Institute of Foreign Trade and the Moroccan Office For Industrial Development will sign shortly here an accord for the promotion and draining of Italian industrial investments to Morocco. Morocco-Italy, Economics, 1/22/1999 - Wholesale price index increased by 3.3% in 1998 Morocco, Economics, 1/22/1999
- Egyptian cultural week in Belgrade
Next Monday a week for Egyptian culture and arts will be inaugurated in Belgrade, the capital of Yugoslavia. Egypt-Yugoslavia, Economics, 1/22/1999 - Egyptian - Swedish economic forum in March
The Egyptian - Swedish friendship assembly is to hold an economic forum at the beginning of March under the chairmanship of Egyptian Minister of Trade Ahmed Goweili. Egypt-Sweden, Economics, 1/22/1999 - 252 million pounds in compensation for Egypt from Iraq Egypt-Iraq, Economics, 1/22/1999
- Egypt participates in Kazakhstan exhibition
Egypt will participate in an international exhibition that will be held in Kazakhstan on April 27 - May 2 at the International Center for Exhibitions and Conferences in Almaty, the capital city of Kazakhstan. Egypt-Kazakhstan, Economics, 1/21/1999 - The development of pharmaceutical industry in Syria in 1998
In a statement to ArabicNews.com on the development of the pharmaceutical industry in Syria during 1998, as six medicinal factories in Syria obtained the ISO 9002 certificate, Syrian Deputy Minister of Health Dr. Kawkab al-Dayah said 1998 was very remarkable concerning the national pharmaceutical industry. Syria, Economics, 1/21/1999 - Head of Japan's overseas cooperation agency meets Moroccan fishing minister
Japan is assisting Morocco building pilot fishermen villages within the frame of a large-scale bilateral cooperation program providing for the consolidation of cooperation in seamen vocational training, engineering, halieutic resources protection, fish farming and processing Morocco-Japan, Economics, 1/21/1999 - No changes in agreement on Nile water between Egypt and Sudan
Sudanese Minister of Irrigation Sherif Tuhami confirmed that the Nile water sharing agreement signed between Egypt and Sudan in November 1959, is still in effect without any limit on its duration. Egypt-Sudan, Economics, 1/21/1999 - Yemen: $60 million for public works project
The Yemeni government began to implement the second stage of a public works project aimed at overcoming the negative effects resulting from applying the program for economic, financial, and administrative reform. Yemen, Economics, 1/21/1999 - Egyptian minister of petroleum to visit Turkey on natural gas exports
Egyptian Minister of Petroleum Hamdi El-Banbi is to visit Ankara in the middle of the coming month to resume talks on exporting Egyptian gas to Turkey. Egypt-Turkey, Economics, 1/21/1999 - UN to release money for generating electricity in Iraq
UN official, Benoun Seifan, said that those sums relate to 17 contracts at a total sum of US $81.71 million which were approved during the third and fourth stages of the oil-for-food program, covering the period from November 1997 until November 1998. Iraq-UN, Economics, 1/21/1999 - On the Egyptian ratification of the COMESA Treaty Egypt, Economics, 1/21/1999
- Morocco in Berlin's Agribusiness Show
Morocco will take part in Berlin's International Agribusiness show to open doors this January 22 with the participation of hundreds of professionals from the four corners of the world. Morocco, Business, 1/21/1999 - Arab states do not buy products from each other
Arab economist Abdul Faltah El-Omous stated that the volume of trade between the Arab states has fallen, as have the rate of investment growth and the Arab Monetary Fund, where 50% of the financing of the fund program is still unused till now. Regional, Economics, 1/20/1999 - 1,452 investment projects in Syria Syria, Economics, 1/20/1999
- A study on the Syrian economy
Today, Syria is gradually moving towards privatization and market forces. It has decided and committed itself to promoting private investment. It has taken serious steps to clear up problems Syria, Economics, 1/20/1999 - Representative bureau for gulf aluminum exports in Europe want import tax off
The exporters of aluminum in the Gulf Cooperation Council countries have decided to establish a representative joint bureau in the Belgian capital, Brussels, to be managed by a number of European lawyers who will ask for the abolition of 6% taxes imposed by the EU countries on exports of Gulf aluminum. Gulf-European Union, Economics, 1/20/1999 - $1 billion International Moroccan bid to manage electricity, water networks
The Moroccan government is currently preparing to put an international bid for a contract to establish and manage electricity and water networks in Tangier. Morocco, Economics, 1/20/1999 - Arab development bank specifies $120 million for Africa
The Arab Bank for Economic Development in Africa has decided to specify $120 million to upgrade enterprises in Africa. Regional-Africa, Economics, 1/20/1999 - Traveling exhibition for Egyptian products in eight African countries Egypt-Africa, Economics, 1/20/1999
- Cooperation accord between Egypt and Belgium
The chief of Egyptian Industrial Union Abdul Menem Saudi and Belgium's Crown Prince Philip are going to sign a mutual cooperation accord between the two countries. Egypt-Belgium, Economics, 1/19/1999 - Egyptian Moroccan ministers to inaugurate second session of business council
Egyptian Minister of Trade Ahmed El-Goweili along with his Moroccan counterpart, Alami Tazi, are to inagurate the works of the second session for Egyptian and Moroccan businessmen, which will begin on February 2 in Rabat and last for four days Egypt-Morocco, Economics, 1/19/1999 - $5 million for developing Rommel museum in Egypt
The Egyptian supreme council for antiquities agreed with the chairmanship of Egyptian Minister of Culture Farouk Hosni on specifying $5 million for a museum on German General Erwin Rommel in Matrouh city, an important site in World War II history as it was taken by the famous German leader to run the military operations. Egypt, Economics, 1/19/1999 - Yemen plans new strategy for using fish resources
Yemeni Minister of Fish Resources Ahmed Mossaed announced that his country presented a report to the Cabinet that included a new strategy for using the country's fish resources and protecting them from the current piracy. Yemen, Economics, 1/19/1999 - An international loans amounts to $750 million for Mobinil
At the beginning of the coming weeks several international and Egyptian financial corporations will begin measures for providing an international loan to Mobinil (the Egyptian company for mobile telephone service) amounting to $750 million. Egypt, Business, 1/19/1999 - A fair for British products in Kuwait
The British commercial week is to be held in Kuwait on April 12 - 15, under the slogan "Britain in Kuwait." The week will be held under the chairmanship of Kuwait's first deputy prime minister and foreign minister, Sheikh Sabah al-Ahmed al-Jaber al-Sabah. Kuwait-UK, Business, 1/19/1999 - Egyptian parks in war for entertainment revenues
Egyptian financial markets are currently witnessing the war of entertainment business represented in the establishment of five major parks for entertainment opening their doors to 1.5 million visitors. Egypt, Business, 1/19/1999 - Beirut to host second Arab communications conference
Lebanon will host on February 28 - March 2 the second conference of the Arab international communications, "Arab Com 99," in Beirut. Regional, Economics, 1/19/1999 - 25 investment groups compete for Egyptian domestic trade companies
Groups of Egyptian and Arab investors began competing to obtain the rights to benefiting from Egyptian domestic trade companies that the Ministry of Enterprises began to put for sale at the beginning of current week. Egypt, Economics, 1/19/1999 - Exporting food stuff to Iraq Egypt-Iraq, Economics, 1/19/1999
- Gulf states to produce 29 million tonnes of natural gas by the year 2000 Gulf, Economics, 1/19/1999
- Saudi Development Fund finances Algerian project
The Saudi Development Fund agreed to grant Algeria a loan worth $22 million to finance an electricity station in Algeria. Algeria-Saudi Arabia, Economics, 1/19/1999 - Kuwait company for buying and collecting debts
It was decided to establish a new Kuwaiti holding company for buying and collecting commercial debts. Kuwait, Business, 1/18/1999 - Floating four companies for railways in Egypt to investors
The Egyptian Ministry of Communications decided to float four railway companies to Egyptian, Arab and foreign investors at a cost of $653 million. Egypt, Business, 1/18/1999 - An Egyptian fund for supporting dumping issues
The board of directors of Egyptian Industrial Union approved the establishment of a fund for supporting dumping issues. Abdul Menem Saudi, the head of the union, said the task of the fund is to defend Egyptian industrial companies which are harmed by foreign companies that dump their products on the Egyptian market. Egypt, Economics, 1/18/1999 - Morocco's debt to represent 31percent of GDP in 2003, says minister
Morocco's debt in 2003 will represent 31% of the GDP, instead of 52% as presently, Morocco's minister of economic forecasts and planning, Abdelhamid Aouad, said. Morocco, Economics, 1/18/1999 - $500 million increase in Egyptian foreign investment
Ibrahim Fawzi, the head of the general organization for investment and free trade zones in Egypt, announced an increase in foreign investments in Egypt by $500 million in 1998, after issuing the guarantee law and investment incentives. Egypt, Economics, 1/18/1999 - West Africa's Economic and Monetary Union Meets In Togo Regional, Economics, 1/18/1999
- Moroccan carpets displayed in Hanovre show
Moroccan carpets are currently displayed at the German International show of Hanovre-99 exhibiting a variety of handicraft items and carpets from various countries. Morocco-Germany, Business, 1/18/1999 - An investment corporation for the communications in Lebanon Lebanon, Economics, 1/18/1999