Arabic News Weekly Edition for Economics, 7/5/1999
Weekly Edition, Economics - Week of July 5, 1999
- $234 million are the export value of the Egyptian free zone Egypt, Economics, 7/10/1999
- Lebanon decides to stop trips of Bulgarian company Balkan to Beirut
Engineer Faisel Makwash, the general manager of civil aviation in Lebanon said yesterday that the Lebanese civil authorities asked the civil aviation authorities in Bulgaria to stop the trips of the Bulgarian airline company, Balkan, to Beirut starting from July 15. Lebanon-Bulgaria, Business, 7/10/1999 - UNIDO supports the social development project in Egypt
A high-level delegation of managers of the United Nations Organization for Industrial Development working at the organization's main headquarters in Vienna will travel to Egypt for a four-day working visit. Egypt, Economics, 7/10/1999 - $22 million dollars in Egyptian imports from Israel last year
Statements and statistics from the Egyptian Ministry of Trade and Supply stressed a reduction in the volume of Egypt's imports from Israel last year to $22 million, from nearly $41 million in 1997, including insecticides, fertilizers, seeds, chicken, clothes, and textiles. Egypt-Israel, Economics, 7/10/1999 - 15 percent reduction in Egypt's European debts Egypt, Economics, 7/9/1999
- King Hassan announces two-year employment plan
King Hassan II announced on Thursday an employment plan extending between 1999 and 2001 to provide jobs to 60,000 young graduates annually. Morocco, Economics, 7/9/1999 - Egyptian missions for marketing the exports to America Egypt-USA, Economics, 7/9/1999
- Annan calls for quick approval of spare parts for Iraq
United Nations Secretary General Kofi Annan has recommended to a Security Council committee for applications for spare parts to be used for repairs to Iraqi oil equipment to be approved as soon as possible. Iraq-UN, Economics, 7/9/1999 - A Jordanian plan to get rid of foreign laborers Jordan, Economics, 7/9/1999
- Syrian delegation to Arab businesswomen forum in Rabat
The chairperson of the Syrian delegation to the Forum Dr. Nezha Elian who is the chairperson of the Syrian industrial business women said that the Forum which will discuss several issues, especially the role of the Arab women in revitalizing inter-Arab relations and setting the foundation for establishing the council of the Arab business women council for backing Arab economic integration and the common Arab market. Syria-Regional, Business, 7/9/1999 - Prince Talal gives 5 million pounds to Egyptian bank for the poor
Prince Talal Bin Abdul Aziz, the head of the Arab Council for Childhood and Development, presented 5 million Egyptian pounds as his contribution to the project of Egyptian Bank of Hope. Egypt, Economics, 7/9/1999 - Egyptian economic delegation to visit London in November Egypt-UK, Economics, 7/9/1999
- Moroccan legislative house approves free trade area with four European states Morocco, Economics, 7/9/1999
- LE 12 million loan for social development projects in Egypt Egypt, Economics, 7/9/1999
- $5 billion in foreign investments in Lebanon
The volume of foreign investments in Lebanon increased during 1998 to $5 billion. Lebanon, Economics, 7/9/1999 - Radio and television festival to open in Cairo on Sunday
Egyptian Minister of Information Safwat El-Sherif is to open on the coming Sunday the fifth session of the Cairo radio and television festival, which will last for one week and in which 15 Arab countries are to participate with 182 television and radio programs. Regional-Egypt, Economics, 7/9/1999 - New steel factory in Abu Dhabi
The Abu Dhabi National Company for Industrial Projects has signed an agreement with the German Machine-Fabric Ernest to establish a steel factory. United Arab Emirates-Germany, Business, 7/9/1999 - A new loan for Mobinil of $570 million
The Egyptian company for mobile phone services Mobinil obtained a new local and international loan of $570 million Egypt, Business, 7/9/1999 - Egyptian - Romanian committee to meet next week Egypt-Romania, Economics, 7/9/1999
- Egyptian workers in the Gulf to return for vacation
Egyptian workers in the Gulf will start returning in the middle of the current month to spend their summer vacation, which is three months. Egypt-Gulf, Economics, 7/9/1999 - US $40 million Arab loan for Djibouti
Djibouti radio said on Wednesday that certain Arab financial institutions, including the Arab Fund for Social and Economic Development and the funds of Saudi Arabia, Kuwait and Abu Dhabi provided a loan of US $40 million to finance a project to expand Djibouti port. Djibouti, Economics, 7/8/1999 - Third Arab International Communication Conference in Beirut next March
Lebanon's post and communication minister, Issam Naaman, announced on Wednesday that the third Arab International Communication Conference and fair (Arabcom-2000) would be held in Beirut on March 25-28, 2000. Regional-Lebanon, Economics, 7/8/1999 - Budget deficit curbed to around 3% of GDP in fiscal 1998-99
The Moroccan budget deficit in the fiscal year 1998-1999 is to stand at around 3% of the Gross Domestic Product, announced the Moroccan Ministry of Economy and Finance. Morocco, Economics, 7/8/1999 - Two banks merge in Lebanon
The Lebanese trade bank agreed to merge with the Lebanese United Bank to become the third-largest bank in Lebanon. Lebanon, Business, 7/8/1999 - European Union starts informal contacts with Morocco on new fisheries accord, Bonino
The European commission has started informal contacts with Moroccan authorities in the perspective of negotiations on a new fisheries accord Morocco-European Union, Economics, 7/7/1999 - Egyptian - Palestinian businessmen council to be formed at end of month
Palestinian Minister of Trade and Economy Maher El-Masri stated that the coming period will witness the start of private sector cooperation between Egypt and the Palestinian Authority and that Egypt will have a major role in setting the Palestinian economy on the right course after ratifying peace with Israel. Palestine-Egypt, Economics, 7/7/1999 - Iraqi - Egyptian discussions for increasing the commercial exchange
Commercial discussions took place yesterday between Iraqi Minister of Trade Mohammed Madhi Saleh and an Egyptian delegation under the chairmanship of Abd El-Shahawi, head of the holding company for food industries. Egypt-Iraq, Economics, 7/7/1999 - Morocco calls France to contribute to Mediterranean by-pass
Moroccan minister of finance and economy, Fathallah Oualalou, called France Monday to contribute to the financing of the Mediterranean by-pass that links Moroccan northeastern cities. Morocco, Economics, 7/7/1999 - Moroccan fisheries professionals reject proposal to set up joint ventures with E.U.
For the Moroccan side, the Morocco-EU cooperation must seek another partnership formula, promoting joint ventures in fisheries-related sectors such as shipyards, ships maintenance, and sea-food processing, in addition to fish-farming. Morocco, Economics, 7/6/1999 - Morocco, China sign accord on maritime transport
Morocco and China concluded in Rabat on Monday an accord consolidating the juridical framework of bilateral cooperation in matters of maritime transport. Morocco-China, Economics, 7/6/1999 - Exporting Egyptian potatoes to Uruguay
The Egyptian Ihuad company for foodstuffs agreed to export 70% of the potato production of the company's factory to Uruguay. Egypt-Uruguay, Economics, 7/6/1999 - Egyptian - Iranian transaction worth $100 million
Egypt and Iran agreed yesterday on implementing an equal transaction of $100 million to be increased during the coming three years. Egypt-Iran, Economics, 7/6/1999 - Saudi fund grants Morocco $40 million loan
The Saudi Development Fund has granted Morocco a loan worth $40 million to finance three projects, it was officially announced in Rabat on Tuesday. Morocco, Economics, 7/6/1999 - F.A.O. warns of drought in Baghdad Iraq, Economics, 7/6/1999
- Civil aviation cooperation between Israel and Jordan Jordan-Israel, Economics, 7/6/1999
- Industrial, trade meetings between Israel and the Palestinian government Palestine-Israel, Economics, 7/6/1999
- French company buys shares of Beni Suef cement company
Egyptian Prime Minister Kamal El-Ganzouri witnessed the signing of a contract selling Beni Suef cement company at a cost of 1.2 billion Egyptian pounds to the French company Desforges. Egypt, Business, 7/5/1999 - Morocco gets $65 million in loans from two Arab bodies
Morocco obtained two loans worth $65 million from the Arab Monetary Fund and the Program for Financing Arab Trade, it was officially announced in Rabat. Morocco-United Arab Emirates, Economics, 7/5/1999 - Spanish-Moroccan-Potuguese consortium wins Morocco's second Gsm mobile phone licence
With a tender of $1.08 billion, Spanish-Moroccan-Portuguese consortium "Medi-telecoms" won Morocco's second Gsm Mobile Phone Licence, it was officially announced here. Morocco, Business, 7/5/1999 - Morocco, Guinea sign implementation protocol of fisheries accord
Morocco and Guinea signed in Rabat on Saturday an implementation protocol of the fisheries accord binding the two countries since April 1997. Morocco-Guinea, Economics, 7/5/1999 - Bahrain plans to establish new tourism projects Bahrain, Economics, 7/5/1999
- 20 million pounds in capital for first investment company in Sinai
It was decided to establish the first investment company in northern Sinai with a capital of 20 million pounds, to be increased to 100 million pounds through a general subscription among citizens at a cost of 10 pounds per share. Egypt, Business, 7/5/1999 - Egypt participates in Tehran International Fair
Egypt will participate in the Teheran International Fair in October, part of four commercial fairs to be held between the two countries. Egypt-Iran, Economics, 7/5/1999 - $50 million loan from IMF to Yemen Yemen, Economics, 7/5/1999
- Fair for Egyptian products open in Gaza
Palestinian President Yasser Arafat opened yesterday evening the first fair for Egyptian products in Palestine, in which Egyptian Minister of Trade Ahmed Goweili, who is visiting Palestine for the first time heading a delegation comprising important personalities, participated. Palestine-Egypt, Economics, 7/5/1999 - Morocco, Australia review projected trade agreement
Morocco and Australia reviewed in Rabat the projected trade agreement, expected to be signed during an Australian official's visit to Morocco, according to a statement of the Moroccan Ministry of Industry, Trade and Handicraft. Morocco-Australia, Economics, 7/5/1999 - Morocco, Senegal sign oil cooperation accord Morocco-Senegal, Economics, 7/5/1999
- Bahrain tax cuts Bahrain, Economics, 7/5/1999
- UAE moves toward development of national labor force United Arab Emirates, Economics, 7/5/1999
- Oman and Cyprus sign phone service agreement Oman-Cyprus, Economics, 7/5/1999
- Saudi food shipment arrives in Iraq Iraq, Economics, 7/5/1999