Arabic News Weekly Edition for Economics, 5/31/1999
Weekly Edition, Economics - Week of May 31, 1999
- No increase in number of working banks in Egypt Egypt, Business, 6/4/1999
- Founding an Arab union for small industries Regional, Business, 6/4/1999
- Kuwait opens telephone line with Palestinian territories via Jordan Kuwait-Palestine, Economics, 6/4/1999
- Drought in Jordan the worst in decades
United Nations said on Thursday that the drought Jordan undergoes is the worst in decades. In a joint statement the UN World Food Program and Food and Agriculture Organization, which take Rome as their headquarters, said that droughts in Jordan resulted in the deteriorating yields in wheat and other crops and pushed weak farmers into financial problems. Jordan, Economics, 6/4/1999 - Egypt organizes first international tourism stock market in March 2000
Egyptian Minister of Tourism Mamdouh El-Beltagi said Egypt will organize for the first time an international tourism stock market, which is an exhibition for Mediterranean tourism which will be held at the Cairo International Conference Center in the first week of March, 2000. Egypt, Business, 6/4/1999 - $10 billion in new Egyptian and British projects
The Egyptian side in the Egyptian - British business council is getting ready to offer new investment projects worth $10 billion during the council's meetings, which will begin on Monday in Cairo and last for two days. Egypt-UK, Economics, 6/4/1999 - Oil production starts in al-Qarna field, southern Iraq
Oil production started on Thursday at the al-Qarna oil field in southern Iraq after it had been suspended since 1990. Iraq, Economics, 6/4/1999 - Morocco, Egypt set up $ 100 million construction firm
Several enterprises, including banks, will participate in the capital of the firm, which amounts to $ 100 million. Morocco-Egypt, Economics, 6/4/1999 - 2.4 billion dirhams in Abu Dhabi foreign trade
The monthly news issued by the customs department of Abu Dhabi stated that the non-petroleum foreign trade volume of Abu Dhabi reached nearly 2.4 billion dirhams during last April United Arab Emirates, Economics, 6/4/1999 - French tourist project in Sharm
Egyptian Minister of Tourism Mamdouh El-Beltagi witnessed this week the celebration of endorsing a participation contract between Egypt's Company for Hotels and the French Accor Company to manage and staff the tourist project affiliated to Egypt's Company for Hotels at Sharm. Egypt-France, Business, 6/4/1999 - Symposium in Athens to discuss investment in Egypt Egypt-Greece, Economics, 6/4/1999
- Berlin organizes Arab - German economic forum
The German capital, Berlin, is due to host the Arab - German economic forum on June 24 - 25, regulated by the Arab - German trade chamber for the second time consecutively. Regional-Germany, Economics, 6/4/1999 - Tunis hosts Euro-mediterranean conference on renewable energies
A Euro-Mediterranean conference on renewable energies is currently held in Tunis with the participation of experts from 30 countries. Regional-Tunisia, Economics, 6/4/1999 - Special: Oil and the Syrian economy
One alarming point in the Syrian economy is the higher share of oil and raw materials in the composition of Syrian exports, notwithstanding the advantages available for Syrian industrial commodities to enter European markets under the trade agreement signed in 1977 from which Syria has not as yet benefited, nor from the advantages made available under the generalized system of preferences. Syria, Economics, 6/4/1999 - Agreement for commercial cooperation between Abu Dhabi and Queensland United Arab Emirates-Australia, Economics, 6/4/1999
- Half a billion pounds in capital for new Egyptian textiles company
The first investment Company in the Suez Gulf, Oriental For Development, was established to works in the fabric and textile field. The company's capital is half a billion pounds, said Abd El-Hakim Hajaj, head of the holding company for textiles. Egypt, Business, 6/4/1999 - Tunis development bank issues $42 million in bonds
The Economic Development bBnk of Tunisia announced the release of due bonds after ten years that will be valued at 50 million Tunisian dinars ($42 million). Tunisia, Economics, 6/4/1999 - $150 million in new business among the Egyptian and Czech businessmen
The Egyptian Businessmen's Association and the commercial representative body agreed on implementing an equal transaction among Egyptian and Czech businessmen worth $150 million for the two sides. Egypt-Czech Republic, Economics, 6/4/1999 - A new Saudi fund for investment Saudi Arabia, Business, 6/4/1999
- Six offers for purchasing Arab - African Bank of Egypt
Six financial corporations presented offers to purchase the shares of the Arab - African Bank of Egypt Egypt, Business, 6/4/1999 - Fair for Turkish products to be held in Bahrain during September
The trade and industry chamber of Istanbul will regulate a fair for Turkish exports in Bahrain on September 21 - 26 in the International Gulf Center for Conferences under the patronage of Bahraini Minister of Trade Ali Saleh El-Saleh. Bahrain-Turkey, Economics, 6/4/1999 - Gibraltar fixed link project progressing, Annan says
United Nations Secretary-General, Kofi Annan, said the feasibility study of the fixed link project across the 14-km Gibraltar strait separating Morocco and Spain, is progressing. Maghreb, Economics, 6/4/1999 - There is no animal epidemic in Morocco
There is no animal epidemic in Morocco, and the isolated cases of Mouth and Feet disease (MFD), which were reported lately, have been controlled, a Moroccan minister said Thursday during the question time at the parliament. Morocco-European Union, Economics, 6/4/1999 - Starting the mobile phone services Palestine
The Palestinian Communications Company started the executive steps for establishing the first network for mobile phones in Gaza and Ariha, aiming at attracting the Palestinian agent's participants in the Israeli mobile service. Palestine, Business, 6/4/1999 - Economic unity council calls for Arab common market, lifting sanctions off Iraq, and Libya
Concerning the Arab common market and upgrading trade exchange, the council confirmed the importance of activating Arab common market and resuming the application of its provisions, starting from January 1, 2000. Regional, Economics, 6/3/1999 - Sudanese government calls for facilitating measures to authorize investment
In its recent periodic meeting under the chairmanship of President Omar El-Bashir, the Sudanese Cabinet gave instructions to specialized bodies to facilitate measures for providing authorization for investment and to work on achieving stability to attract local and foreign investment, in addition to expanding programs for promoting investment and setting up the map of investment in the country. Sudan, Economics, 6/3/1999 - Tunisia, Morocco trade experience in administrative reform matters
Moroccan minister of the civil service and administrative reform, Aziz El-Hussein, is currently visiting Tunisia for talks with his Tunisian peer on means to upgrade bilateral cooperation Tunisia-Morocco, Economics, 6/3/1999 - French milling professionals in Morocco next week
A delegation of French milling professionals is expected in Morocco next week to enhance cooperation ties with Moroccan peers in matters of flour-milling business and related sectors. Morocco, Business, 6/3/1999 - Morocco's mining, energy and industrial production regress in 1st quarter of 1999 Morocco, Economics, 6/3/1999
- Moroccan airliner signs code-sharing accord with Thai airways Morocco-Thailand, Business, 6/3/1999
- New Israeli obstacles against Egyptian products Egypt-Israel, Economics, 6/3/1999
- Syria scores rapid economic growth
The French magazine "Jeune Afrique" has said that Syria is number 14 in the list of the world countries with rapid growth. Syria, Economics, 6/3/1999 - India obtains right to repair and develop Iraqi petroleum establishments Iraq-India, Economics, 6/2/1999
- Iraq to take part in Sudanese celebrations of pumping oil
Iraqi Minister of Petroleum Amer Mohammed Rashid is to pay a visit to Sudan to represent his country in Sudanese celebrations on the occasion of beginning the pumping of petroleum through a 1610 km pipeline to Port Sudan harbor. Iraq-Sudan, Economics, 6/2/1999 - World bank approves $ 250 mln loan to Morocco
The World Bank board of governors approved on Tuesday a loan worth $ 250 million to support economic and social reforms undertaken by the Moroccan government. Morocco, Economics, 6/2/1999 - Morocco and Sweden to sign industrial maintenance agreement Morocco-Sweden, Economics, 6/2/1999
- Moroccan state and two banks sign conventions to back self-employment Morocco, Economics, 6/2/1999
- Italian deputy foreign minister is to Egypt tomorrow Egypt-Italy, Economics, 6/2/1999
- IDB allots US $270 million for member states Regional, Economics, 6/2/1999
- German company wins contract to establish first solar-powered electric station
The Egyptian Ministry of Electricity announced today that the German company Siemens won a contract to establish the first private electric power station working by solar energy and natural gas. Egypt, Business, 6/1/1999 - French medicine factory in Tunis
The French group SynthElabo for medicine announced its intention to establish a factory in Tunis soon, to produce different kinds of its main medicines. Tunisia-France, Business, 6/1/1999 - New pipeline for Sudanese petroleum
Sudanese President Omar El-Bashir opened yesterday a new 1600 kilometer pipeline, through which the Sudanese government hopes to export petroleum. Sudan, Economics, 6/1/1999 - Arab bank for tourist development
A group of Arab businessmen began the executive measures to establish the first Arab bank for tourism development with a capital of $500 million, working on financing tourist projects in Arab countries and establishing a private fund to back stumbling projects in case Arab tourist traffic is exposed to a disruption for any reason. Regional, Economics, 6/1/1999 - Iraqi oil sales at US $2 billion
Iraqi Oil Minister Amer Rashid announced on Monday that Iraq has signed contracts to sell oil with an estimated value of US $2 billion since the beginning of an extension of the oil-for-food agreement on May 25. Iraq, Economics, 6/1/1999 - Jordan not to permit Israeli goods sneak to Syria Jordan-Syria, Economics, 6/1/1999
- Syria signs agreement with Arab fund
According to the agreement a 30 million Kuwaiti dinar loan will finance a communication development project in Syria. The project is aimed at providing telephone services by adding about 1.65 million lines to the telephone network. Syria, Economics, 6/1/1999 - An agreement for the commercial cooperation between Egypt and Czech Egypt-Czech Republic, Economics, 6/1/1999
- Proposals to amend investment law in Syria Syria, Economics, 6/1/1999
- Council of economic unity starts work tomorrow in Cairo
The meetings of the 69th session of the council of Arab economic unity are to begin in Cairo tomorrow, on the level of Arab League permanent representatives and ministers on June 2 - 3 at the Arab League under the chairmanship of Palestine. Regional, Economics, 5/31/1999 - An exhibition for the Egyptian products in Paris during March 2000 Egypt-France, Economics, 5/31/1999
- Morocco, Senegal sign cooperation accords
Morocco and Senegal concluded on Sunday cooperation accords in the fields of sea fisheries, merchant navy and a cooperation protocol between the two countries foreign departments. Morocco-Senegal, Economics, 5/31/1999 - Egypt asks businessman to sell their products in 300 million consumer COMESA market
Moussa said "Egypt is now undergoing a very important and sensitive stage in rebuilding itself politically, economically and socially," Moussa said, adding that the effort entails a distinguished performance different from that of past eras. Egypt, Economics, 5/31/1999 - Cooperation agreement between Islamic, African development banks
Both the Islamic Development Bank and African Development Bank have endorsed an agreement to exchange data on managing dangers, financing projects, developing human resources and providing investment services. Regional-Egypt, Economics, 5/31/1999 - Morocco's agribusinessmen want to enhance presence in American market
Morocco's farmers and agribusiness professionals are determined to enhance their presence in the American market, Moroccan agriculture minister Habib El Malki said here over the weekend. Morocco-USA, Economics, 5/31/1999 - AFSED director in Syria Syria-Regional, Economics, 5/31/1999