Arabic News Weekly Edition for Economics, 6/14/1999
Weekly Edition, Economics - Week of June 14, 1999
- Arab common market: The state of economic affairs in the Arab states, part 3
Arab economists agree that the Arab states have not succeeded in realizing their economic integration but disagree on the principal reasons for this failure. Regional, Economics, 6/19/1999 - Abu Zeid: African water resources not properly utilized Egypt, Economics, 6/19/1999
- Egyptian economic delegation to visit Libya to increase trade
An Egyptian economic delegation under the chairmanship of Minister of Finance Mohie El-Din El-Ghareb is heading today to the Libyan capital, Tripoli, to discuss means of enhancing relations between the two countries in industrial and commercial fields. Egypt-Libya, Economics, 6/19/1999 - Beirut to host Made in Saudi Arabia fair in September
The centers for developing Saudi exports is organizing in association with the international company for Zahran's fairs a fair for Saudi industries and products "Made in Saudi Arabia" in Beirut from September 15 - 21. Saudi Arabia-Lebanon, Economics, 6/19/1999 - Syrian oil minister: Syria's oil production continues until 2040
Syrian Minister of oil and mineral resources Muhammad Maher Jamal said last Wednesday " We have precise and good studies indicating that oil production in Syria will continue until the year 2040." Syria, Economics, 6/19/1999 - Egyptian minister of petroleum to visit Turkey tomorrow
Egyptian Minister of Petroleum Hamdi El-Banbi is to arrive in Istanbul tomorrow to participate in the works of an expanded conference hosted by Libya about energy in the Mediterranean Sea, Caspian Sea and the Black Sea. Egypt-Turkey, Economics, 6/19/1999 - US ambassador in Cairo: Reducing aid to Egypt forms no problem in relations
The US ambassador in Cairo, Daniel Kurtzer, said in a press conference held yesterday at the inauguration of the Aid to Trade '99 Conference, held under the patronage of the US Agency for International Development, that President Mubarak's expected visit to Washington forms a chance for the restoration of personal meetings between him and US President Bill Clinton after an absence that lasted for a long time. Egypt-USA, Economics, 6/19/1999 - Child labor statistics improve in Morocco
Employed children in Morocco plummeted in 1999 to 1.5% in 1999 against 2.9% in 1987, after Morocco passed a law fixing the legal child labor age to over 18. Morocco, Economics, 6/19/1999 - World Bank Lends Morocco $ 250 Mln
The World Bank lent Morocco $ 250 million to enable it to carry out its socio-economic reforms and development program. Morocco-World Bank, Economics, 6/19/1999 - Microsoft opens office in Lebanon after intellectual property protection
The celebration coincided with the application of the law for protecting intellectual ownership on June 14 after it was ratified by the Lebanese parliamentary council in late March. Lebanon, Business, 6/19/1999 - US forms Palestine trade group Palestine-USA, Economics, 6/19/1999
- Giant American AMG group Installs in Morocco Morocco, Business, 6/19/1999
- A campaign in the Syrian press to reform outdated economic laws
Calls have increased in Syria to reform laws which govern the Syrian economy, especially as among these laws are those that date back several decades that have become a great constraint before reactivating the country. Syria, Economics, 6/18/1999 - Moroccan women to be involved in desertification struggle
Morocco and the UNDP decided to promote the involvement of the woman, and especially the rural woman, in implementing the convention that was ratified by Morocco in 1996. Workshops, sensitization campaigns and training sessions will be held for the benefit of Moroccan women to stress the role of local populations in struggle against desert encroachment. Morocco, Economics, 6/18/1999 - Egypt to open new harbor of El-Ain El-Sokhna at the beginning of next year Egypt, Business, 6/18/1999
- Morocco allocates around $ 1 billion for water projects in rural zones Morocco, Economics, 6/18/1999
- Establishing an Arab bank in Algeria with $110 million capital
A group of investors and businessmen in Egypt and the United Arab Emirates intends to establish an Arab bank in Algeria with a capital of $110 million that deals with private companies on the Arab level in general and Algeria in particular, said Ali El-Shorafa, head of an investment group that is currently visiting Algeria. Algeria-Regional, Business, 6/18/1999 - Morocco, France discuss cooperation in housing matters
The talks, conducted on the Moroccan side by secretary of state for housing, Mohamed Mbarki, also covered the exchange of experience in taxes levied on rented real estate, as well as cooperation with the French development agency and other French donors to finance the construction of low-cost lodgings and struggle against unhealthy housing. Morocco-France, Economics, 6/18/1999 - French cooperation minister in Morocco, 3 billion in cooperation in 1988
Josselin will co-chair with Moroccan minister of Foreign affairs and cooperation, Mohamed Benaissa, the meeting of the Moroccan-French standing committee on cultural scientific and technical cooperation. Morocco-France, Economics, 6/18/1999 - Austerity economic measures in Jordan to cut expenditures
The Jordanian government has taken a series of tough measures aimed at guiding public expenditures as a result of the critical economic condition in Jordan, and in light of the state's limited financial resources. Jordan, Economics, 6/18/1999 - $200 million from Iran for investment projects in Egypt
Iran is currently studying contributing to establishing many joint investment projects in Egypt in the fields of industry, services, transportation and basic infrastructure with investments of $200 million. Egypt-Iran, Economics, 6/18/1999 - A fair for the Egyptian products in Bahrain
The fair Horizons of Tomorrow for the products is currently underway in Bahrain, organized by the Afro-Arab Corporation for International Fairs in which seven companies are participating. Bahrain, Economics, 6/18/1999 - Israeli investment in Jordan
A Jordanian paper reported that the visit of an Israeli delegation, which included the Israeli ambassador in Amman and a group of Israeli experts, came to complete an agricultural investment project that the Israeli Ministry of Agriculture is trying to establish in al-Msherfey district on the outskirts of al-Karak city within the framework of an official agreement between Jordan and Israel. Jordan-Israel, Economics, 6/18/1999 - 287 new companies in Upper Egypt Egypt, Business, 6/18/1999
- Oman endorses agreement with Philips to drill for petroleum
Oman and the Philips Petroleum Corporation have endorsed an agreement to drill for petroleum. Oman, Business, 6/18/1999 - Moroccan government accelerates privatization process
Official sources in the Moroccan government set up a list of 20 companies owned by the country, inlcuding two banks, to be sold to the private sector immediately, while 38 other companies were removed from the privatization list that were raised for sale since 1993. Morocco, Economics, 6/18/1999 - Morocco's imports up by 8.5 % in 1998, exports down Morocco, Economics, 6/18/1999
- New Egyptian satellite to be launched by Arianespace
The European Arianespace company has announced it won a contract to launch a satellite for Egypt, to be used for telecommunications purposes. Egypt-Regional, Business, 6/18/1999 - Unemployment rises to 21 percent in Morocco's urban areas
Unemployment in Moroccan urban areas stood at 21 % up to last March, the Moroccan Statistics department said. Unemployment in Moroccan cities, which stood at 19 % last year, affects now 1.15 Million persons. Morocco, Economics, 6/18/1999 - 15 million pounds for first Egyptian company for exporting data technology
A group of Egyptian businessmen finished establishing the first Egyptian company for exporting data technology to the markets of Arab, African and foreign countries with a capital of 15 million pounds. Egypt, Business, 6/18/1999 - Egyptian economic delegation to visit Libya on Saturday
An Egyptian economic delegation comprising a group of experts and businessmen is to arrive to the Libyan city of Syrte on Saturday to discuss means of supporting and increasing economic commercial and investment cooperation with Libyan officials. Egypt-Libya, Economics, 6/17/1999 - Arabs examine investment prospects in their region
Arab governmental representatives, decision-makers and delegates of international organizations are studying in Rabat investment prospects in the Arab World. Regional, Economics, 6/17/1999 - Saudi food to Iraq
In the framework of the oil-for-food program a Saudi food shipment arrived in Iraq on Tuesday at a cost of US $150 million. Saudi Arabia-Iraq, Economics, 6/17/1999 - Jordanian Premier confers with Iraqi trade minister Jordan-Iraq, Economics, 6/17/1999
- Morocco's tourism receipts rise by 19 % in 1998 Morocco, Economics, 6/16/1999
- Dubai trade center conference in Cairo to promote inter-trade
The general manager of the Dubai World Trade Center, Wahid Attalla, stated that the center is going to organize "UAE in Egypt: Exhibition & Conference" in Egypt on March 27 - 30 at the Cairo International Conference Center. United Arab Emirates-Egypt, Economics, 6/16/1999 - Dutch day at Egyptian Businessmen's Association Egypt-Netherlands, Business, 6/16/1999
- Bahrain, Malaysia sign investment agreement
Bahrain and Malaysia on Tuesday signed an agreement providing for encouraging and protecting investment between the two countries. Bahrain-Malaysia, Economics, 6/16/1999 - Committees set up to ensure $100 million in Moroccan-Egyptian trade
Egypt decided to set up committees to follow up and supervise the implementation of the nine accords concluded over the weekend in Rabat during the third session of the Moroccan-Egyptian high joint commission. Egypt-Morocco, Economics, 6/16/1999 - Development projects would curb down emigration attempts
For Morocco, the co-development policy, proposed by France, should target the development projects that are likely to stabilize the marginalized populations tempted by emigration to Europe, Moroccan social development, solidarity, employment and vocational training minister, Khalid Alioua, told French Le Monde daily. Morocco, Economics, 6/16/1999 - $200 million equal transaction between Russia and Egypt
the Egyptian Export Development Bank in association with the Russia, Fortee Bank is preparing lists of exporters who desire entry into the transaction program between the two countries, said Hamdi Moussa, general manager of the Export Development Bank. Egypt-Russia, Business, 6/16/1999 - Polish business delegation in Morocco next week Morocco-Poland, Economics, 6/16/1999
- International groups bidding for Morocco's private GSM license
Addressing an International Colloquy on Telecoms in the Middle-east and North Africa, held in Cairo, the Moroccan minister said seven giant telecom consortiums qualified for the final competition of the $ 500 Mln private mobile network Morocco, Business, 6/16/1999 - Seminar on electronic trade held in Casablanca
Casablanca is playing host this June 15-17 to a seminar on the stakes and challenges of electronic trade for the member countries of the Organization of Islamic Conference (OIC). Regional, Economics, 6/16/1999 - Morocco's airliner gets stakes of Air Senegal Morocco-Senegal, Business, 6/16/1999
- Moroccan records progress on Y2K bug
Moroccan Prime Minister, Abderrahmane Youssoufi, chaired Monday here an experts' meeting on the effects of the Y2K computer software bug. Morocco, Economics, 6/16/1999 - Gulf Air receives Airbus planes Bahrain, Business, 6/16/1999
- Paris hosts exhibition on water and Morocco Morocco-France, Economics, 6/16/1999
- Mubarak: Buy and promote local products to protect jobs, unwise consumption hurts Egypt
Commodities were being smuggled, threatening the local industry and the factories with closure and workers with losing their jobs, Mubarak said. "My duty is to protect the Egyptian industry, the Egyptian production and the job opportunities of Egyptian workers in their factories...it is not the duty of the government to protect smuggling or to market foreign products that are otherwise made here," he added. Egypt, Economics, 6/15/1999 - Iraq builds new oil refinery
Iraqi dailies published on Monday reported that a new Iraqi refinery with a refining capacity of 10,000 barrels per day is being built in the southern part of the country. Iraq, Economics, 6/15/1999 - Accord between Russia, Yemen to clear debts soon Yemen-Russia, Economics, 6/15/1999
- Egypt opens international bids to drill for petroleum
Egyptian Minister of Petroleum Hamdi El-Banbi said that he is opening an international bid for drilling petroleum in 15 areas inside Egypt, aiming at attracting foreign investments. Egypt, Economics, 6/15/1999 - Moroccan trade union leader calls ILO to back Morocco's social dialogue
Moroccan trade union leader Noubir Amaoui called the International Labor Organization (ILO) to back Morocco's social dialogue experience aimed at solving workers' problems through the forging of partnership between the state, employers and trade unions. Morocco, Economics, 6/15/1999 - Tunisian foreign reserves equal $1.5 billion Tunisia, Economics, 6/15/1999
- Suez Canal a world conference for navigation Egypt-International, Economics, 6/15/1999
- Egyptian trade delegation arrives in Iran Egypt-Iran, Economics, 6/14/1999
- Iraq accuses US, UK of obstructing contracts to modernize petroleum facilities
Iraq accused the U.S. and U.K. of obstructing 80 contracts Iraq needs to modernize its petroleum facilities. Iraq, Economics, 6/14/1999 - Egyptian banks finance large milling company
Palestinian President Yasser Arafat is due to inaugurate the largest private company in Palestine, financed by Egypt's Ahli Bank and Arab Estate Bank with capital of $22 million. Palestine-Egypt, Business, 6/14/1999 - African Development Bank lends Tunisia $215 million Tunisia, Economics, 6/14/1999
- Oman, Pakistan sign agreement on avoiding double taxation Oman-Pakistan, Economics, 6/14/1999