Arabic News Weekly Edition for Economics, 6/28/1999
Weekly Edition, Economics - Week of June 28, 1999
- Sudan to use dinars instead of the pound
Sudan central bank decided to stop dealing with the Sudanese pound and to change the name to dinar, which is divided to 100 equal units named paisters. Sudan, Economics, 7/3/1999 - Production of first Egyptian Fiat to start
The Fiat Uno Egypt Company will start its first production of Fait cars manufactured in the factories of Nissan Egypt in 6th of the October City. Egypt, Business, 7/3/1999 - Iraqi oil minister arrives in Damascus Syria-Iraq, Economics, 7/3/1999
- Morocco:will not allow the European fleet to fish without just agreement
Moroccan Minister of Foreign Affairs and Cooperation Mohammed Benaissa stated that his country will not allow the European fleet to fish in the Moroccan regional waters unless an agreement is reached on a just formula for the two sides. Morocco-European Union, Economics, 7/2/1999 - A new maritime line between Saudi Arabia and Egypt
The new maritime line which links the Egyptian Safaga harbor and the Saudi Daba harbor has started operation with one journey daily for a rapid cruiser which covers the distance in three hours and carries 600 passengers. Egypt-Saudi Arabia, Economics, 7/2/1999 - Reduction in hotel prices in Syria Syria, Economics, 7/2/1999
- Cairo: Training citizens on producing natural silk
The Egyptian Ministry of Rural Development agreed with a company for producing natural silk in Borg El-Arab city in Alexandria on employing the company's resources in training citizens to produce natural silk while guaranteeing that it will market their products under the supervision of the public development body affiliated to the ministry. Egypt-China, Economics, 7/2/1999 - Moroccan minister meets officials of Arab Bank for Economic Development in Africa
Moroccan minister of economy and finance, Fathallah Oualalou, met here Wednesday with executives of the Arab Bank for Economic Development in Africa which is holding in Casablanca a meeting of its board of governors. Morocco, Economics, 7/2/1999 - Swiss steel factory in east Port Said
Egyptian Prime Minister Kamal El-Ganzouri reviewed yesterday with Henrick Taner, head of the international Swiss Concast Company, the steps of implementing a major steel factory that will be built in the industrial area in east Port Said. Egypt, Business, 7/2/1999 - 18 new airplanes for Emirates airline
The Emirates Airline Company started its plan to develop its fleet receiving the third Airbus 330 airplane, part of a group of 18 new airplanes. United Arab Emirates, Business, 7/2/1999 - Moroccan trade mission to UK, food processing a subject
A Moroccan trade mission is undertaking this July 4-9 a mission to the United Kingdom to explore opportunities for trade partnership in the food and drinks processing industry. Morocco-UK, Economics, 7/2/1999 - U.S. economic aid for Jordan
The US administration on Thursday decided to provide Jordan financial aid at a value of US $144.7 million in support of the indebted Jordanian foreign economy and a slowness in growth for three years combined with a general recession in the markets of the kingdom. Jordan-USA, Economics, 7/2/1999 - Palestinians to promote Egyptian products in Gaza
Palestinian President Yasser Arafat is to open a fair for Egyptian products organized by the international organization for fairs and markets for the first time in the Palestinian city of Gaza from July 4 - 6. Egypt-Palestine, Economics, 7/2/1999 - International Airport of Nador Dedicated by a Flight from Germany Morocco, Economics, 7/2/1999
- Alsthom Company Electrifies Northern Zones
The Moroccan electricity company (O.N.E/ state-owned) entrusted Alstom Enterprise-- a branch of the French-British group Alsthom-- with $ 29 million worth electrification projects in 326 villages in northern Morocco. Morocco, Economics, 7/2/1999 - Palestinian airline seeks to develop fleet Palestine, Economics, 7/2/1999
- Early preparations for organizing Cairo international market 2000 Egypt, Economics, 7/2/1999
- U.S donation for Algerian electric company Algeria-USA, Economics, 7/2/1999
- Expecting a reduction in the price of the dollar in Egypt Egypt, Economics, 7/2/1999
- Egypt tries to bring Arab League out of financial crisis
The Egyptian Foreign Ministry started paying Egypt's share of the Arab League's budget in 1999 so that Egypt will be first Arab states to pay, in an attempt to encourage other early payments from states with the largest payment portions which are Egypt, Emirates, Bahrain and Saudi Arabia. Regional-Egypt, Economics, 7/1/1999 - Oman: Instant entry visas for non-Arab businessmen Oman-International, Economics, 7/1/1999
- Morocco, Tunisia set up commission for industrial cooperation
Morocco and Tunisia decided to set up a joint commission for industrial cooperation that will meet every six months alternately in Tunis and Rabat. Morocco-Tunisia, Economics, 7/1/1999 - Moroccan air carrier increases capital by four folds Morocco, Business, 7/1/1999
- Oman prepares for Y2K problem Oman, Economics, 7/1/1999
- Chinese economic delegation visits Cairo
A Chinese delegation including 24 businessmen is starting today an economic visit to Egypt to discuss commercial cooperation and establish new Chinese investments in Egypt. Egypt-China, Economics, 7/1/1999 - Saudi Arabia, Portugal discuss economic relations Saudi Arabia-Portugal, Economics, 7/1/1999
- Financial negotiations start between US export bank, Egyptian corporations Egypt-USA, Economics, 7/1/1999
- Tunisia issues international bonds in euros
The Tunisian government decided to issue international bonds worth 250 million euros ($259 million). Tunisia, Economics, 7/1/1999 - Palestinian official: Israel sends expired foods to Palestinian areas
The Israeli military government and major Israeli food concerns have been deeply involved in attempts to market expired food in East Jerusalem and in the areas of the Palestine National Authority, a Palestinian official said recently. Palestine-Israel, Economics, 7/1/1999 - Arab economic development bank meets in Casablanca
A bank official told the media the three-day meeting will examine some administrative and financial issues and the advancement of some projects. Regional, Economics, 7/1/1999 - European loan for Morocco Morocco-European Union, Economics, 7/1/1999
- France opens 100 million francs credit line for Tunisia
France will open a 100-million-franc credit line to help in the financial restructuring of Tunisian firms, officials said. Tunisia-France, Economics, 7/1/1999 - Moroccan fishing boats to be equipped with monitoring devices
With national territorial waters extending over 1.2 million square km and with a 3,500 km long sea coast, Morocco has huge sea resources and harbors over 840 fish species. Morocco, Economics, 7/1/1999 - Tunisian minister calls Morocco and Tunisia to promote new partnership
Morocco and Tunisia should promote a new partnership to be able to face international competitiveness, said visiting Tunisian Minister of Industry Moncef Benabdallah. Morocco-Tunisia, Economics, 6/30/1999 - Egyptian plan to cope with Y2K problem
General Ihab Mostafa Olwi, head of the Egyptian central body for mobilization and statistics, said the Egyptian government made a plan to cope with the computer problem in the year 2000, known as the Y2K problem. Egypt, Economics, 6/30/1999 - Arab parliamentarians meet on common market
In the course of the current session of the Arab Parliamentary Union, held in Damascus, the parliamentary commission for the Arab common market held its first meeting on Tuesday, led by the chairman of the Arab Parliamentary Union, Fathi Sorour, who is also the speaker of the Egyptian Parliament. Regional, Economics, 6/30/1999 - Bahraini - Egyptian joint committee to start tomorrow
The Bahraini - Egyptian joint committee is to start its third session on the level of experts in the Bahraini capital tomorrow. The meetings will last for four days. Bahrain-Egypt, Economics, 6/30/1999 - Syrian-Lebanese information talks conclude in Damascus
Media talks started on Monday between the delegations of the Syrian Information Ministry chaired by Syrian Information Minister Muhammad Salman and the Lebanese Information Ministry led by Information Minister Anwar al-Khalil. Syria-Lebanon, Economics, 6/30/1999 - Moroccan-Hungarian talks on economic cooperation
Hungarian Agriculture Minister Josef Torgyan met in Rabat Tuesday on the last day of his visit to Morocco with Andre Azoulay, economic and financial advisor to King Hassan II. Morocco-Hungary, Economics, 6/30/1999 - Industrial cooperation between Saudi Arabia and Portugal Saudi Arabia-Portugal, Economics, 6/30/1999
- A fair for Egyptian products in Eritrea
The first fair for the Egyptian products in Asmara, capital of Eritrea, is to be opened on July 15 for one week in the Egyptian plan to activate Egyptian exports to African markets, especially the COMESA countries. Egypt-Eritrea, Economics, 6/30/1999 - Spanish companies discuss cooperation with Iraq
A Spanish official said his country is ready to cooperate with Iraq and carry out joint transactions to meet the needs of the Iraqi commercial, agricultural and industrial sectors. Iraq-Spain, Economics, 6/30/1999 - Guinea requests Morocco's assistance in fisheries
Guinean minister of fisheries and agriculture, Mansa Moussa Sidibe, has requested Morocco's assistance to promote training and research in the field of maritime fisheries in his country. Morocco-Guinea, Economics, 6/30/1999 - Morocco marketed over 0.25 million tons of cereals up to June 15
A total of 0.25 million tons of cereals were marketed up to June 15, 1999, according to professionals. Morocco, Economics, 6/30/1999 - Alexandria-Casablanca Sea line dedicated Egypt-Morocco, Business, 6/29/1999
- ISESCO calls for scientific assistance to developing countries
Director General of the Islamic Educational, Scientific and Cultural Organization (ISESCO/based in Rabat), Abdul Aziz Altwaijri, called upon the international community to assist developing countries in promoting scientific and technological development. Regional, Economics, 6/29/1999 - Moroccan-Tunisian partnership reviewed in Rabat
Visiting Tunisian Minister of Industry Moncef Ben Abdallah held talks in Rabat on Monday with several members of the Moroccan Cabinet on partnership between the two countries, especially in the economic and industrial areas. Morocco-Tunisia, Economics, 6/29/1999 - Al-Hoss confers with EC chief of mission
Lebanese Prime Minister Salim al-Hoss on Monday in Beirut received the chief of mission of the European Commission to Lebanon. Talks dealt with relations between Lebanon and the European Union member states. Lebanon-European Union, Economics, 6/29/1999 - Delegation of Lebanese businessmen to visit Cairo
A delegation of Lebanese businessmen under the chairmanship of Abd El-Ghani Kabara is to arrive in Cairo during the coming days for a visit that will last several days. Lebanon-Egypt, Business, 6/29/1999 - Traffic in Moroccan ports rises by 5.8 % in 1998
Ship traffic in Moroccan ports posted a record of 48.2 million tons in 1998, which represents a 5.8% jump over 1997, the Moroccan state-owned ports management board (ODEP) said. Morocco, Economics, 6/29/1999 - Syrian participates in rebuilding Lebanese power station destroyed by Israel Syria-Lebanon, Economics, 6/28/1999
- South Korean delegation explores business opportunities in Morocco Morocco-South Korea, Economics, 6/28/1999
- Iraq pledges to continue supplying oil to Jordan
Iraqi Oil Minister Amer Muhammad Rashid and Jordanian Minister of Energy and Mineral Resources Suleiman Abu Aleem on Saturday signed minutes of meetings according to which Baghdad is obliged to continue providing Jordan with oil at preferential prices according to the agreement signed between the two countries in January. Iraq-Jordan, Economics, 6/28/1999 - Tunisian industry minister in Morocco
Tunisian Industry Minister Moncef Benabdellah started on Sunday a visit to Morocco for talks with officials on means of developing and promoting cooperation in industrial fields. Tunisia-Morocco, Economics, 6/28/1999 - Oman to set up a free trade area Oman, Economics, 6/28/1999