Arabic News Weekly Edition for Economics, 4/12/1999
Weekly Edition, Economics - Week of April 12, 1999
- Ministers of water resources to meet at Addis Ababa in May
Egyptian Minister of Works and Water Resources Mahmoud Abu Zied confirmed that there is a complete coordination, cooperation and an agreement between the Nile states for perfecting the use of the Nile's waters Regional-Egypt, Economics, 4/17/1999 - Kuwaiti trade minister arrives in Morocco
Kuwaiti Minister of Trade and Industry Hisham Suleiman Al-Outaibi arrived Friday in Rabat on a two-day working visit to give new momentum to trade exchanges and economic cooperation between the two Arab countries. Morocco-Kuwait, Economics, 4/17/1999 - Holland exports $300 million more than it imports from Egypt
The volume of trade exchange between Egypt and Holland amounted to nearly $500 million in 1998 in favor of Holland, as Egyptian exports to Holland amounted to $100 million while imports from Holland amounted to $400 million. Egypt-Netherlands, Economics, 4/17/1999 - Latvian Economic delegation to visit Egypt on Monday
An economic delegation from Latvia chaired by parliament member Imantez Ber Fils is going to visit Egypt on Monday. Egypt-Latvia, Economics, 4/17/1999 - Airline agreement between Cairo and Belarus
At the end of April, airline flights will start between Minsk, the capital of white Russia, and Cairo through the capital of Bulgaria, Sofia. Egypt-Belarus, Business, 4/17/1999 - Morocco's airliner to resume flights to Libya soon
Morocco's airliner Royal Air Maroc (RAM) will resume its passengers and cargo flights to Libya as of April 26. Libya-Morocco, Economics, 4/17/1999 - Starting to establish airports at Egyptian Oasis
A delegation from the German company ABB chaired by Axel Shtepkin arrived yesterday in Cairo to start the executive measures for establishing the airports of Farfra, Bahria at Egyptian Oasis on the B.O.T (build-operate-transfer) system. Egypt-Germany, Business, 4/17/1999 - London holds International conference on investment in Egypt
An international conference will be held in London on April 26, about the situation of financial markets in Egypt, where Minister of Economy Youssef Butros Ghali said a number of Egyptian executive leaders and representatives of non-governmental labor organizations will attend the conference. Egypt, Economics, 4/17/1999 - Morocco's handicraft exports up 4.5 % in 1988
The handicraft exports increased in 1998 by 4.5% to around $63 million compared to figures recorded in 1997, Moroccan "La Vie Economique" weekly reported in its latest issue. Morocco, Economics, 4/17/1999 - Moroccan insurance sector turnover up 9.5 percent in 1998 Morocco, Business, 4/17/1999
- Two million tourists visited Morocco in 1998 Morocco, Economics, 4/17/1999
- Kuwait defends its oil fields policy
During a seminar currently being held in Bahrain about oil, a Kuwaiti official has defended his country's policy of getting foreign companies involved in developing oil fields in Kuwait. Kuwait, Economics, 4/16/1999 - Syria receives second Airbus from France
Syria on Wednesday received an Airbus A320, which is the second of six planes the Syrian airline company had contracted to buy from the French Airbus company in 1997. Syria, Business, 4/16/1999 - US trade delegation visits Cairo
A delegation from US companies working in fields of security equipment is due to visit Cairo from April 20 - 21, during which it will organize a working meeting with officials from the Egyptian Ministry of Interior during their stay in Cairo. Egypt-USA, Economics, 4/16/1999 - Exports of Egyptian free zones amount to $120 million
The exports of Egyptian industrial free zones amounted to $120 million during the first quarter of the current year, in comparison to $91 million during the same period of last year for an increase of 32%. Egypt, Economics, 4/16/1999 - Singaporean economic delegation visits Lebanon Lebanon, Economics, 4/16/1999
- Delegation from the British House of Commons is visiting Egypt
A delegation from the British House of Commons is currently visiting Cairo under the chairmanship of deputy Ken Purchase to address developing bilateral relations between Egypt and Britain and also to tour major historical sites in Cairo, Luxor and Aswan. Egypt-UK, Economics, 4/16/1999 - Egypt to receive Japanese loan for small projects worth $240 million
The Japanese government decided to specify a loan valued at $240 million for Egyptian medium-sized and small projects. Egypt-Japan, Economics, 4/15/1999 - Libyan dinar's value rises in Egyptian markets
The value of the Libyan dinar continued its increase in the Egyptian exchange markets, amounting to 150 piasters, after the decision of the UN to suspend the sanctions over Libya. Libya-Egypt, Economics, 4/15/1999 - Belgium-financed water project dedicated in Ouarzazate
A drinking water supply project co-financed by Belgium was dedicated on Wednesday in the southeastern Moroccan city of Ouarzazate, in the presence of Belgian Secretary of State for Cooperation and Development Reginald Moreels. Morocco-Belgium, Economics, 4/15/1999 - Seven telecom groups qualify for Morocco's private GSM license
Moroccan Telecom authorities said Wednesday that seven major international telecom groups were chosen to take part in the final race to obtain Morocco's $500 million private GSM mobile phone contract. Morocco-International, Business, 4/15/1999 - International companies explore for Omani gas
Signing the draft for implementing a joint program for exploring, producing and marketing natural gas took place yesterday at the Ministry of Petroleum and Gas in Oman bewteen the government, Occidental Oman Incorporated, Neste BV company for discovery and production, Occidental Petroleum Oman Limited, Oman Occidental Oil and Gas Limited company and Amoco Oman Gas BV. Oman, Economics, 4/15/1999 - Turkey sells al-Ghab project to Israeli companies Turkey, Economics, 4/15/1999
- Libya and Lockerbie and French UTA bombing: Losses and compensation
The French magazine added that according to estimates made by Tripoli, the question of Lockerbie cost Libya almost US $30 billion, including US $25 billion resulting from losses inflicted as a result of the sanctions imposed on it by the UN and the US. Libya, Economics, 4/14/1999 - Syria-Lebanon for speeding up gas cooperation
Syrian and Lebanese oil ministers on Tuesday discussed means and ways of seeding up the supply of 1. 1 billion cubic meters of Syrian gas per year to feed the Lebanese power plants. Syria-Lebanon, Economics, 4/14/1999 - Dutch assembly for engineering industry in Alexandria worth 100 million
The association of investors in the free zone in Alexandria agreed to establish an assemblage for engineering industries with a capital of 100 million pounds with Holland's participation on a space of 33,000 meters. Egypt-Netherlands, Business, 4/14/1999 - Palestinian government prevents Israeli products from entering the West Bank
The Palestinian government on Monday night decided to prevent Israeli fresh agricultural products and dairy products from entering the West Bank. Palestine-Israel, Economics, 4/14/1999 - Reestablishing Egyptian - Japanese business council
Japan's embassy in Cairo started an intensive move for reestablishing the Egyptian - Japanese business council which has stopped working for three years. Egypt-Japan, Economics, 4/14/1999 - Morocco and South Africa determined to step up partnership
Morocco and South Africa voiced on Tuesday resolve to step up partnership in economy, trade, mining, energy and agriculture. Morocco-South Africa, Economics, 4/14/1999 - Two Moroccan companies sale shares
Morocco's companies Auto-Nejma (car- distributor) and Afriquia Gas (petroleum products distributor) have decided to open their capital to the public paving the way for their entry to the Casablanca bourse. Morocco, Business, 4/14/1999 - Afro-Arab trade fair in Senegal Regional-Africa, Economics, 4/14/1999
- Moroccan-Italian trade cooperation discussed in Rabat
Means to rev up Moroccan-Italian trade cooperation were examined at a meeting in Rabat between Moroccan Minister of trade and industry, Alami Tazi, and Italian under-secretary of state for foreign trade, Antonello Cabras. Morocco-Italy, Economics, 4/14/1999 - Moroccan and Belgians economic operators called to upgrade partnership
At a luncheon hosted in his honor by the Moroccan employers' association (CGEM), Jean-Luc Dehaene, called on Belgian nationals of Moroccan origin to contribute to the creation of small and medium-sized enterprises. Morocco-Belgium, Economics, 4/14/1999 - Arab administration officials meet in Cairo Regional, Economics, 4/14/1999
- Iraq says owed $1.6 billion by seven Arab states
An Iraqi diplomatic source told ArabicNews.com today that Iraq is owed money from petroleum exports and frozen profits from joint companies and banking deposits. Iraq, Economics, 4/13/1999 - Report: Syria, Iraq agree to organize Euphrates' waters
An Iraqi weekly has said that Syria and Iraq have agreed to organize the waters of the Euphrates river which springs from the Turkish territories and flows in the lands of the two countries. Iraq-Syria, Economics, 4/13/1999 - Mutual cooperation between Egyptian and Japanese businessmen
The Egyptian Industrial Union has endorsed several agreements for mutual cooperation between Egyptian and Japanese businessmen on the margins of the visit of Egyptian President Hosni Mubarak to Tokyo, which concluded yesterday morning. Egypt-Japan, Economics, 4/13/1999 - Russian - Egyptian deals worth $200 million
Egypt and Russia agreed yesterday to sign an agreement for exchanging goods worth $200 million divided equally between them. The agreement took place during the meetings of the second session of the Egyptian - Russian trade joint committee, which is currently underway in Cairo. Egypt-Russia, Economics, 4/13/1999 - Moroccan private sector hires only 3% of university graduates
The private sector hires only 3% of Moroccan university graduates, who are seriously affected by unemployment which reaches for some disciplines 54%, said Moroccan Minister of Employment Khalid Alioua. Morocco, Economics, 4/13/1999 - Moroccan, Italian businessmen determined to upgrade partnership
Moroccan and Italian economic operators have voiced at a meeting in Casablanca on Monday determination to upgrade their cooperation and partnership. Morocco-Italy, Economics, 4/13/1999 - Arab agro-projects in Egypt Egypt, Business, 4/13/1999
- British trade and industry minister arrives in Kuwait Kuwait-UK, Economics, 4/13/1999
- An Egyptian - Chinese protocol in the agriculture field
A protocol for agricultural cooperation between Egypt and China is being signed today in Cairo, especially in rice cultivation in which China is characterized as having a high level of experience. Egypt-China, Economics, 4/12/1999 - Six economic agreements between India and Qatar
Six agreements for joint cooperation between India and Qatar in the fields of foreign affairs, banning double taxation, encouraging investments and cooperation in fields of youths, sports, trade chambers, industry and in small and medium-sized projects will be signed in Qatar in the coming week. Qatar-India, Economics, 4/12/1999 - Syrian airlines teams in Tripoli, Libya
A delegation representing the Syrian Airline Establishment arrived in Tripoli, Libya on Saturday, led by the establishment's director, Muhammad Harfoush. Libya-Libya, Economics, 4/12/1999 - Kuwaiti - Tunisian economic talks
The Kuwaiti - Tunisian joint committee is starting its meetings today in Tunis to discuss problems that face bilateral economic relations, find solutions to these problems, activate and liberate trade between the two countries. Kuwait-Tunisia, Economics, 4/12/1999 - First international airport held by the Egyptian private sector
The executive steps for establishing the first international airport held by the Egyptian private sector have started in the Marsa Alam area on Egypt's northern coast on the Mediterranean Sea. Egypt, Business, 4/12/1999 - Arab council for businesswomen to be established in October
It was decided to establish an Arab council for businesswoman during October that comprises businesswomen's organizations in the Arab states in addition to Canada and Australia. Regional-Egypt, Business, 4/12/1999 - Commercial facilities for Egyptians abroad Egypt, Business, 4/12/1999
- Chile opens commercial bureau in Morocco
Chile has decided to open a commercial bureau in Morocco to bolster the two countries' trade that does not exceed an annual $ 5 Mln. Morocco-Chile, Economics, 4/12/1999 - US restrictions on exports of Egyptian cotton
A report issued by the Egyptian body for commercial representation stated that Egypt occupies the 37th position as a commercial partner for the US state of California and that the trade volume between Egypt and California reaches $250.2 million. Egypt-USA, Economics, 4/12/1999 - Egyptian company for finance raise shares worth 250 million
The National Bank of Egypt decided to establish the Egyptian Company for Finance and Investment with a capital of 250 million pounds, including 200 million for local subscription and 50 million to be specified for Egyptian workers abroad. Egypt, Business, 4/12/1999 - Lebanese fund for to help small industrial businesses
The Lebanese government decided to start establishing a Lebanese fund to support small and medium-sized industrial projects in cooperation with the international finance affiliated to the World Bank. Lebanon, Economics, 4/12/1999 - Seven cooperation agreements between Egyptian and Korean companies
manufacture of buses and trucks, lamps, TV screens, and other electric appliances, including TV sets. Egypt-South Korea, Economics, 4/12/1999 - International forum for Union of Arab Banks in Paris
Union of Arab Banks will convene the first international forum in Paris on April 22 - 23 under the title: "Banks, Internet and the financial services in the year 2001." Regional, Business, 4/12/1999 - Egyptian - Syrian protocol for training workers Egypt-Syria, Economics, 4/12/1999
- Korean delegation to visit Cairo in June
The embassy of South Korea in Cairo said that a Korean delegation specializing in energy and electricity will visit Cairo in June to draw up an executive program for the protocol of bilateral cooperation that was signed in February between Egypt and South Korea. Egypt-South Korea, Economics, 4/12/1999 - Morocco and South Africa to sign cooperation accord in energy and mining Morocco-South Africa, Economics, 4/12/1999
- Belgian premier in Morocco Tuesday Morocco-Belgium, Economics, 4/12/1999
- 600 economic experts to convene in Cairo
Cairo will host in March 2000 the biggest regional economical forum, comprising businessmen, decision-makers, thinkers and academics. 600 leaders in the business sectors, governments, legislative organizations, university professors and non-governmental organizations in the Middle East and North Africa will participate. Regional, Economics, 4/12/1999 - Cairo hosts ALESCO meeting
Deliberations of the first scientific conference organized by the Arab League Education, Culture and Sciences Organisation started on Sunday in Cairo at Arab League headquarters. Regional, Economics, 4/12/1999