Arabic News Weekly Edition for Economics, 7/26/1999
Weekly Edition, Economics - Week of July 26, 1999
- Egypt: Declaring new regions available for drilling petroleum
The Egyptian Ministry of Petroleum announced the existence of new regions for drilling petroleum in offshore water Egypt, Economics, 7/31/1999 - German business delegation visit Cairo
A German business delegation is due to visit Cairo between October 15 and 18, under the chairmanship of Hans Shebisner, the undersecretary of the Economic, Communications and Technology Ministry in the German province of Bavaria. Egypt-Germany, Economics, 7/31/1999 - French, Czech companies compete to win Alexandria metro Egypt-International, Business, 7/31/1999
- Syria pays UN dues Syria-UN, Economics, 7/31/1999
- French bank buys share in Egyptian bank
Credit Commercial de France (CCF) bought all shares held by the Egyptian Ahli Bank, valued by 24.32%, in Credit International Egypt bank. Egypt, Business, 7/31/1999 - Salah El-Deen castle to be restored by Cairo UNESCO
The permanent committee of UNESCO in Cairo has agreed to support the project of upgrading Salah El-Deen castle in Cairo, in cooperation with the Italian government, to enhance this region's tourist and cultural appeal. Egypt, Economics, 7/31/1999 - Coca-Cola invests $90 million in Morocco
Coca-cola, the world giant soft drink maker, has bought two Moroccan bottling plants for $90 million, Moroccan business daily "L'economiste" reported. Morocco-USA, Business, 7/31/1999 - A direct navigational line between Egypt, Bosnia Egypt-Bosnia, Economics, 7/31/1999
- Old Damascus to have a natural history museum through Japanese grant Syria-Japan, Economics, 7/30/1999
- Syria - Jordan train trips start Syria-Jordan, Economics, 7/30/1999
- Amr Moussa to upgrade cooperation with COMESA countries
Egyptian Foreign Minister Amr Moussa is to start at the end of October a tour of South and East African countries that belong to COMESA (Common Market for Eastern and Southern Africa), chairing a delegation of businessmen to activate cooperation between Egypt and African states. Egypt, Economics, 7/30/1999 - Yemen and Germany sign agreements Yemen-Germany, Economics, 7/30/1999
- Syria and Iraq reach agreement Syria-Iraq, Economics, 7/30/1999
- Economic study criticizes inequality of Arab - European relations
A modern economic study criticized Arab - European trade relations, describing them as unequal and imbalanced, especially after the trade balance has strongly inclined toward the European Union. Regional-European Union, Economics, 7/30/1999 - Moroccan premier meets economic operators
Moroccan Premier Abderrahmane Youssoufi held a meeting in Rabat on Wednesday with Morocco's economic operators to discuss ways of boosting the Moroccan economy, enhancing its competitiveness and attracting more foreign investment. Morocco, Economics, 7/30/1999 - Arafat meets with Jordanian agriculture minister Palestine-Jordan, Economics, 7/30/1999
- Egyptian businessmen delegation head to Britain Egypt-UK, Economics, 7/30/1999
- World Bank approves $440 million loans to Morocco in 1999
The World Bank approved a total of $ 440 million to support six development projects in Morocco during fiscal year 1999, a World Bank statement said on Wednesday. Morocco, Economics, 7/30/1999 - Egyptian budget spending reaches 34.9 billion the first six months
The total expenditures from the Egyptian budget during the first six months of the fiscal year 1998/99 amounted to 34.9 billion pounds, 49.9% of the total that is estimated to be expended during the whole fiscal year and an increase of 6.1% comparing to the same period of the previous fiscal year. Egypt, Economics, 7/30/1999 - Moroccan government approves sale of 2nd GSM license to Medi-Telecom
The Moroccan government approved Thursday the sale of the 2nd GSM mobile phone license to the consortium led by Spain's Telefonica (TEF.MC). Morocco, Business, 7/30/1999 - World Food Program fears food crisis in Sudan
The World Food Program expressed yesterday fears of an increase of the food crisis in southern Sudan, along with the continuation of fighting for the second consecutive week in West Nile. Sudan, Economics, 7/29/1999 - Kuwaiti petroleum minister: OPEC should abide by reductions in petroleum production
Kuwaiti Minister of Petroleum Sheikh Saud Nasser al-Sabah said yesterday that the petroleum exporters in OPEC should abide by production reductions, even of prices continue to increase. Kuwait-Regional-OPEC, Economics, 7/29/1999 - Moroccan premier calls on hotels to ensure excellent conditions for tourists
Moroccan Premier Abderrahmane Youssoufi called on Wednesday all hotels to ensure the best stay conditions to foreign tourists visiting the kingdom. Morocco, Economics, 7/29/1999 - Egypt to set up technology center
The Egyptian Cabinet yesterday approved a presidential decree which calls for setting up a center for the "transfer, development and settlement of technology," Minister of Information Safwat El-Sherif said. Egypt, Economics, 7/29/1999 - Foreign investment soars in past 6 months
The foreign investment attracted by Morocco during the past 6 months increased by 49.6% to $226 million against $150 million recorded during the same period last year. Morocco, Economics, 7/29/1999 - Egyptian businesswomen to Abidjan on September
The assembly of Egyptian businesswomen is to take part in an international symposium on investment in Abidjan on September 8 - 11. Egypt-Cote D'Ivoire, Economics, 7/29/1999 - World Bank lends Egypt last low interest loan worth $550 million
The World Bank has agreed to present loans to Egypt with a value of $550 million to finance six major projects, including stations for irrigation and drainage in the Nile, upgrading the rural area of Sohag Egypt, Economics, 7/29/1999 - Casablanca Bourse shows stability
The Casablanca Bourse showed stability in shares trading after resuming Monday its brokerage activities, Moroccan Business daily "L'economiste" reported this Thursday. Morocco, Economics, 7/29/1999 - Morocco's Import-Exports Up Past Semester Morocco, Economics, 7/29/1999
- Bahrain sees 2 million visitors Bahrain, Economics, 7/29/1999
- Egypt, Bulgaria upgrade cooperation
The ambassador of Bulgaria in Cairo, Mikhael Antof, confirmed that the coming period will witness cooperation Egypt in different domains. Egypt-Bulgaria, Economics, 7/28/1999 - Italian oil group sings agreement with Libyan government
The Italian Oil Group (ENI) said Tuesday that it has signed an agreement with Libya for the building of sea pipeline to transport Libyan gas to Italy. Libya-Italy, Economics, 7/28/1999 - Succession conditions in Morocco reassuring for foreign investors
The good conditions of the succession of King Mohammed Ben Al-Hassan to the throne after the demise last Friday of his father, the late King Hassan II, are reassuring foreign investors in Morocco, stated a French economic daily on Tuesday. Morocco, Business, 7/28/1999 - Egypt has second greatest capital market in Africa, study says
A report by Forbes Global magazine and the Mlicken Institute in Egypt has found that Egypt owns the second-largest capital market in Africa, after South Africa. Egypt, Economics, 7/28/1999 - Israel, PA debate economic matters Palestine-Israel, Economics, 7/28/1999
- Israel, Jordan, Palestinian Authority reach pesticide agreement Jordan-Israel, Economics, 7/28/1999
- Iraq intends to increase oil exports Iraq, Economics, 7/27/1999
- Sea passenger line between Iraq and Bahrain
A high-ranking official at the Iraqi Ministry of Transport and Communications said on Monday in Baghdad that a sea line will be shortly opened to transport passengers between Iraq and Bahrain. Iraq-Bahrain, Economics, 7/27/1999 - Iraqi - Indian talks on mutual economic cooperation
Iraqi - Indian talks began in Baghdad yesterday to address upgrading mutual cooperation between the two countries in the fields of petroleum, trade, agriculture and industry. Iraq-India, Economics, 7/27/1999 - U.S. lifts sanctions on food, medicine exports to Iran, Libya, Sudan
U.S. sanctions against Iran, Libya and Sudan will be eased starting from Tuesday to allow American companies to sell them food, medicine and medical equipment, Deputy Treasury Secretary Stuart Eizenstat announced Monday. Regional-USA, Economics, 7/27/1999 - Jordan tests train trip to Damascus Jordan-Syria, Economics, 7/26/1999
- Tunisia raises two hotels for sale Tunisia, Business, 7/26/1999
- Egyptian, German companies for upgrading Hurgada airport
The Egyptian company of Arab contractors has endorsed an agreement with the German company ABB to carry out the new commitments of Hurgada International Airport, with a value of $100 million, according to the bid raised by the Egyptian Civil Aviation Department between Egyptian and foreign investors on the B.O.T (build-operate-transfer) system. Egypt, Business, 7/26/1999 - New strategy for USAID
The executive manager of the US Agency for International Development (USAID) in Cairo, Richard Brown, has finished the drafting of general guidelines for the strategy for new donations, aimed at increasing the rate of growth, foreign investments and exports as well as boosting the private sector in Egypt. Egypt-USA, Economics, 7/26/1999