Arabic News Weekly Edition for Economics, 6/7/1999
Weekly Edition, Economics - Week of June 7, 1999
- Italy refuses the entry of 20 tons of Egyptian onions Egypt-Italy, Economics, 6/12/1999
- Arab states lost 50 percent in income, withdrew assets to compensate budget shortfalls
An Arab economic study said that in spite of the domination practiced by the petroleum sector on the activity of the main economic sectors in the Arab states for more than three decades, the Arab states could not make essential structural changes in the international petroleum market, and the drop in petroleum prices last year and at the beginning of the current year led to the loss of more than 50% of returns. Regional, Economics, 6/12/1999 - Syria to establish new agricultural company
Syria on Thursday announced the establishment of a new agricultural company that will market agricultural products from Syria internationally. Syria, Business, 6/12/1999 - New attempts to revive Egyptian nuclear program
Egyptian, German and Canadian negotiations are currently underway to establish a small nuclear facility for generating electricity of 100 thousand kilowatts per hour during the first decade of the coming century. Egypt, Economics, 6/12/1999 - Bosnia, Kuwaiti development fund reach accord financing projects
A delegation of the Kuwaiti Fund for Arab Economic Development (KFAED) concluded a five-day visit to Bosnia-Herzegovina on Friday during which talks were held with Bosnian officials on bilateral ties and the fund's contributions to reconstruction of Bosnia's infrastructure. Kuwait-Bosnia, Economics, 6/12/1999 - An Egyptian report confirms obstacles before export to America Egypt-USA, Business, 6/12/1999
- Arab fund agrees on financing electric link project Regional-Egypt, Economics, 6/11/1999
- Surplus in Tunisian food trade of 22.7 million dinar
Tunisia's food commercial exchange with other countries recorded during the first three months of the current year a surplus of 22.7 million dinars, in comparison to a shortage of 151.7 million dinars during the same period of 1998. Tunisia, Economics, 6/11/1999 - Reforming free trade zone agreement between Egypt and Libya
The Libyan - Egyptian joint committee is to discuss tomorrow reforming the free trade zone between the two countries. Egypt-Libya, Economics, 6/11/1999 - Kuwait welcomes foreign investments with tax exemptions
The Kuwaiti government issued a series of laws aimed at liberalizing the national economy and opening Kuwait's doors before foreign investments and offering tax exemptions for ten years. Kuwait, Economics, 6/11/1999 - Daewoo builds breakwater for an Omani harbor
Oman signed a contract worth $65.64 million with the South Korean company Daewoo to build a breakwater for a harbor in the northern part of the sultanate. Oman, Business, 6/11/1999 - Upgrading mobile phone sector in Lebanon
Lebanon called on international consulting companies working in the field of mobile phone service for an international bid to find the best ways to upgrade the mobile phone sector in Lebanon. Lebanon, Business, 6/11/1999 - Value of Yemeni exports totals 5.312 billion riyals
The value of Yemeni agriculture and animal exports reached during last year 5.312 billion riyals. Exports were comprised mainly of coffee, leather, cotton, vegetable, fruits and tobacco. Yemen, Economics, 6/11/1999 - Syrian economy and the GATT Syria, Economics, 6/11/1999
- Ten Arab states take part in conference of food industries in Beirut Regional, Economics, 6/11/1999
- World Bank provides loan worth $21 million to the Palestinian government Palestine, Economics, 6/11/1999
- Trade exchange recedes between Japan, UAE
The Japanese foreign trade organization has announced that Japan's trade with the United Arab Emirates receded by 25.3% in 1998, basically due to the decrease in oil prices. United Arab Emirates-Japan, Economics, 6/11/1999 - Egyptian - Turkish cooperation in searching for new markets Egypt-Turkey, Economics, 6/11/1999
- Cairo: Exceptions of an increase in gold prices
Merchants and manufacturers of gold are expecting an increase in the price of selling and purchasing gold of 15% during the second Egyptian marketing festival that will be held in the middle of July, in which 400 gold merchants will participate, an increase of four times over the first festival. Egypt, Economics, 6/11/1999 - Morocco does not import animal fat-flour feed in view of high prices
Morocco does not import animal fat or flour feed in view of their high prices, a senior Moroccan official told Thursday "Medi-1" radio station based in Tangier (Northern Morocco). Morocco-Belgium, Economics, 6/10/1999 - Middle solution for Syrian debts to Iran
Well-informed sources in Tehran told a London-based daily that Syria and Iran have recently reached a "preliminary agreement" in order to settle the question of the debts that are to be paid by Damascus to Iran, at the "decision" of Presidents Hafez al-Assad and Muhammad Khatami in the summit which brought the two presidents together last month in Damascus. Syria-Iran, Economics, 6/10/1999 - Kuwaiti budget to be announced in July
Kuwaiti Emir Sheikh Jabir al-Ahmed al-Sabah issued a royal decree approving the new public budget, which will be issued on its appointed date despite the absence of the Nation's Council. Kuwait, Economics, 6/10/1999 - Egyptian Ahli Bank establishes trade centers in Africa Egypt, Business, 6/10/1999
- Qatari gas deal for Pakistan involves Emirates and Oman Gulf-Pakistan, Economics, 6/10/1999
- French EDF prepares to run Cairo electricity company
The manager of Middle East and Arab Maghreb at the EDF (Electricite de France) company, Bernarad Ansimin, told ArabicNews.com that his company is preparing feasibility study on linking the electricity networks between Egypt and Libya Egypt-France, Business, 6/10/1999 - Germany grants Morocco dm 53 million in financial assistance
Germany decided Wednesday to grant Morocco DM 53 million in financial assistance destined to help the North African country carry out several socioeconomic development projects in rural zones. Morocco-Germany, Economics, 6/10/1999 - Exporting Egyptian carpets to Abidjan
The Egyptian company of Oriental weavers succeeded in endorsing a deal to export 16,000 square meters of carpet to Abidjan, the capital of the Ivory Coast (cote D'Ivoire). Egypt-Cote D'Ivoire, Business, 6/10/1999 - A fair for Egyptian products in London
London is due to host between November 7 and 13 a fair for Egyptian products and to convene a series of symposia on opportunities and atmospheres for investment in Egypt. Egypt-UK, Economics, 6/10/1999 - Omani Development Bank holds 1998 meeting Oman, Economics, 6/10/1999
- Gulf Air profits Bahrain, Business, 6/10/1999
- Head of Kuwaiti fund in Tunisia Tunisia-Kuwait, Economics, 6/10/1999
- Algerian oil company signs partnership accord with Australian BHB group Algeria-Australia, Business, 6/10/1999
- Lebanon to host World Trade Organization conference in August Regional-Lebanon-International, Economics, 6/10/1999
- A cooperation contract between Algerian and Emirates airlines Algeria-United Arab Emirates, Business, 6/10/1999
- Khartoum: open strike for civil employees in the northern province Sudan, Economics, 6/10/1999
- Moroccan-Egyptian business council meets in Casablanca
The Moroccan-Egyptian business council held a meeting in Casablanca on Monday to assess the level of trade exchange between the two countries and identify the obstacles hampering the promotion of these exchanges. Morocco-Egypt, Economics, 6/9/1999 - Joint Egyptian - Turkish commercial delegation to visit Balkan countries, Africa
An Egyptian business delegation discussed during their meeting yesterday with a high-ranking Turkish economic delegation under the chairmanship of Turkish Assistant Foreign Minister Noeman Nazar mutual cooperation between Egypt and Turkey. Egypt-Turkey, Economics, 6/9/1999 - Upgrading trade relations between Algeria, Portugal
A meeting will be held for economists from Algeria and Portugal in September to prepare for the meetings of the second round of the joint committee between the countries, which are to be held in November. Algeria-Portugal, Economics, 6/9/1999 - IDB Approves New Finances Close to $ 270 Mln
The board of executive directors of the Islamic Development Bank, which ended its 185th session in Jeddah on Monday, approved new finances close to $ 270 million in favor of a number countries and Muslim communities in nonmember countries. Regional, Economics, 6/9/1999 - Moroccan private group invests $160 mln in Cote D'Ivoire
Under an accord concluded last week, the Chaabi group will construct 6.000 lodgings and a construction materials plant and will acquire 10 % of shares in a real estate bank. Morocco-Cote D'Ivoire, Business, 6/9/1999 - U.S ambassador: Increasing Egyptian exports in cooperation with the Palestinian side
The US ambassador to Egypt, Daniel Kurtzer, underlined the importance of tripartite economic relations between Egypt, the USA and Palestine in developing the region, pushing forward peace process and developing a stable and strong peace. Egypt-Palestine-USA, Economics, 6/9/1999 - Morocco, Germany start annual inter-government talks
Morocco and Germany started Tuesday in Bonn their annual intergovernmental talks to assess past technical and financial cooperation and identify future partnership projects. Morocco-Germany, Economics, 6/9/1999 - Moroccan investor bids for construction of port in Egypt
A Moroccan investor is bidding for an international tender launched by the Egyptian government for the construction of one of the largest Egyptian ports in Port-Said, 200 km north of Cairo. Morocco-Egypt, Business, 6/9/1999 - Morocco, India examine tourism cooperation
Ways to enhance tourism cooperation between Morocco and India topped talks held in Rabat between Moroccan Tourism Minister Hassan Sebbar and India's ambassador to Morocco, Indrajit Singh Rathore. Morocco-India, Economics, 6/9/1999 - UAE, Bahrain ban foodstuff imports from Belgium United Arab Emirates-Bahrain-Belgium, Economics, 6/8/1999
- Libyan - British cooperation highlighted
The foreign affairs secretary at the Libyan's people's conference secretariat Abdul Rahman Shalqam on Monday in Tripoli met with Lord Prior, the chairman of the Arab-British Chamber of Commerce. Libya-Sudan-UK, Economics, 6/8/1999 - Syrian advantages for Arab foreign investors
A Syrian ministerial committee finished making many adjustments to the investment law in Syria, paving for ratifying it soon. Syria, Economics, 6/8/1999 - Oman tenders Oman, Economics, 6/8/1999
- A plan for developing Iraq's harbor Iraq-United Arab Emirates, Economics, 6/7/1999
- Moussa meets with head of World Economic Forum
Egyptian Foreign Minister Amr Moussa met with Klaus Schwab, head of the World Economic Forum, who said in answering a question regarding whether the matter of convening the economic conference for regional cooperation for North Africa and the Middle East will be discussed in light of the assumption of the Israeli new government to the power, "We are waiting to see a real progress for peace." Egypt-International, Economics, 6/7/1999 - 70 Egyptian experts in nuclear science work at universities all over the world
A field study made by the Egyptian central department for statistics and mobilization has estimated that the number of Egyptians working in the USA, Australia and European countries amounts to nearly 824,000, most of them carry nationalities. Egypt-International, Economics, 6/7/1999 - Tunisia's adherence to Moroccan-Egyptian free trade area contemplated
The possibility of extending the Moroccan-Egyptian free trade area to Tunisia will be examined by the Moroccan-Egyptian business council to convene its second session in Rabat this week. Tunisia-Maghreb, Economics, 6/7/1999 - Turkish economic delegation visits Cairo
A high-ranking Turkish commercial and economic delegation is to arrive in Cairo today under the chairmanship of Turkish Assistant Foreign Minister Noeman Nazar, escorted by a large delegation of Turkish businessmen. Egypt-Turkey, Economics, 6/7/1999 - Egypt prohibits importing of chicken form EU
Egyptian Minister of Trade and Supply Ahmed Goweili announced yesterday that Egypt is halting imports of chicken, eggs and their derivatives from the countries of European Union. Egypt-Belgium, Economics, 6/7/1999 - Egypt's improved economy to be rewarded with high interest loans
Khaled Ikram, a representative of the World Bank, said that Egypt has been transfered to the list of middle-income countries, due to an improvement of the income level for nearly three years. Egypt-World Bank, Economics, 6/7/1999 - Libya - the first free zone in Mosrata Libya, Economics, 6/7/1999
- Morocco decides on another rebate in phoning tariffs
Moroccan state-owned Telecom company "Ittissalat Al-Maghreb" has decided to lower again inter-urban phoning tariffs by 33% after revenues rose and operating costs fell. Morocco, Business, 6/7/1999 - Longest golden chain in the world at the opening of Egyptian marketing festival
The high executive committee for the Cairo marketing festival under the chairmanship of Egyptian Minister of Tourism Mamdouh El-Beltagi decided to manufacture the longest golden chain in the world to be displayed during the first day of the festival in the pyramids area. Egypt, Business, 6/7/1999