Arabic News Weekly Edition for Economics, 8/2/1999
Weekly Edition, Economics - Week of August 2, 1999
- Arab investments in Tunisia up by $ 155 million until end 1998 Tunisia, Economics, 8/7/1999
- Arab - European trade conference to be held in Port Said
The third conference for upgrading trade exchange between the Arab and European states is to be held on October 22 - 24 in Port Said, Egypt. Regional-European Union, Economics, 8/7/1999 - Iraq eager to establish naval lines with all Arab states
The Iraqi secretary of the Ministry of Transport and Communications, Jamil Ibrahim, said on Friday that Iraq is eager to establish naval lines with all Arab states. Iraq, Economics, 8/7/1999 - King Mohammed receives meditelecom officials
King Mohammed VI, accompanied by Prince Moulay Rachid, received here on Friday officials from the Meditelecom group that won Morocco's second cellular phone license. Morocco, Economics, 8/7/1999 - Italian investment projects in El-Wahat El-Bahria
Maher El-Gindy, the governor of Giza, stated that there is a great potential for investment in the maritime oasis (El-Wahat El-Bahria). Egypt-Italy, Business, 8/7/1999 - 1.5 million Iraqi citizens dead due to economic sanctions
Iraq accused the U.S.A of being the reason behind the strict economic sanctions imposed on Iraq by the United Nations. Iraq, Economics, 8/7/1999 - Egyptian companies compete to win Iraqi deals
A group of Egyptian companies producing foodstuffs intends to bid for deals that Iraq has recently announced valued at $5.2 billion US. Egypt-Iraq, Business, 8/7/1999 - 1.9 million Egyptians work in Arab states
A study released by central department for Egyptian statistic said that there are 924,000 Egyptians working in Saudi Arabia out of a total of 1.9 million Egyptians working in the Arab states. Egypt, Economics, 8/7/1999 - Africa to launch first telecom satellite in 2002 North Africa, Economics, 8/7/1999
- Iran pledges to pay costs of reconstructing all destroyed bridges in south Lebanon
The Iranian government undertook paying the full cost of reconstructing all the bridges that were destroyed by Israeli jets in south Lebanon during the last attack on the Lebanese infrastructure. Lebanon-Iran, Economics, 8/6/1999 - Egyptian - Libyan economic chamber to meet next week
The Egyptian - Libya joint economic chamber is due to hold its two-day meetings in Banghazi during the coming week. Egypt-Libya, Economics, 8/6/1999 - UN sanctions committee freezes contracts to Iraq at US $250 million
The UN said on Thursday that Iraq is proceeding with oil exports in a way that will enable it to reach the ceiling set by the UN every six months. Iraq-Saudi Arabia, Economics, 8/6/1999 - US development agency backs up Egyptian small projects
The US Agency for International Development (USAID) in Cairo has agreed to present LE 300 million to support medium and small projects for Egyptian youths. Egypt-USA, Economics, 8/6/1999 - Government about to implement projects to be followed up by the king
The Moroccan government is about to implement economic projects that will be followed up by King Mohammed VI, the minister in charge of the government general affairs, Ahmed Lahlimi, said. Morocco, Economics, 8/6/1999 - Selling Kuwait assets in USA, Portugal
The Kuwait International Investment Company has decided to sell its assets in the USA and Portugal, valued at $60 million. Kuwait-International, Business, 8/6/1999 - New liquidity of Egyptian central bank worth 900 million pounds Egypt, Economics, 8/5/1999
- Establishment of free trade zone between Egypt and USA delayed
It was decided to delay the signing of an agreement for establishing a free trade zone between Egypt and the USA for an indefinite term after the US Congress' refusal to grant the administration permission to negotiate to reach such an agreement. Egypt-USA, Economics, 8/5/1999 - US donation to Egypt of $700,000 Egypt-USA, Economics, 8/5/1999
- Two oil groups sent to Libya
The US authorities have permitted two oil groups to send delegates to Libya in order to evaluate the condition of properties they left there since sanctions were imposed on Libya in 1986. Libya-USA, Economics, 8/5/1999 - 600 companies in Gitex 99 fair
600 companies working in the field of technology information are to participate in the international Gitex '99 exhibition, the third-largest fair for information technology in the world, which is to be held in Dubai between October 30 and November 3. United Arab Emirates-International, Economics, 8/5/1999 - UN: Iraqi oil production continues to be strong Iraq-UN, Economics, 8/5/1999
- Egypt poised to lead in carbon black production Egypt, Economics, 8/4/1999
- Egyptian sources confirm no negotiations for exporting gas to Israel Egypt-Israel, Economics, 8/4/1999
- Kuwaiti Nation's Council approves 1999 budget
The Kuwaiti Nation's Council has approved the fiscal budget for 1999-2000, estimated at 4.25 billion dinars (US $14 billion), representing a the largest deficit since the Gulf war in 1991. Kuwait, Economics, 8/4/1999 - Islamic Development Bank may finance agricultural bank project in Indonesia
"The concept of the agricultural bank is still be discussed with the relevant agencies, such as Bank Indonesia (the central bank), the Finance Ministry, and business people engaged in the agrobusiness sector," Indonesian Agriculture Minister Soleh Solahudin told the press after a coordination meeting on economy, finance and industry in Jakarta on Tuesday. Regional-Indonesia, Economics, 8/4/1999 - Morocco cuts special phone services tariffs
Morocco' state-owned telecom operator "Ittisalat Al-Maghreb" has decided to cut by 50% the tarrifs on special phoning services. Morocco, Economics, 8/4/1999 - New cars sales up 18 percent in Morocco
New car sales progressed in Morocco in 1998 by 18% to 66,473 against 56,352 sold in 1998, says the statistics department. Morocco, Economics, 8/4/1999 - Egyptian minister of industry to visit Baghdad
Egyptian Minister of Industry Suleiman Reda is due to visit Baghdad on August 20, leading a delegation that includes 20 businessmen and heads of companies in the fields of food, engineering goods and automotive spare parts. Egypt-Iraq, Economics, 8/3/1999 - Arab joint bank
Ten Arab banks in Egypt, Jordan, Kuwait, Lebanon, Morocco, Saudi Arabia and the United Arab Emirates announced their intention to establish a joint bank with a capital of $1 billion to finance trade and investment operations among the Arab states. Regional, Business, 8/3/1999 - Exhibition of the Egyptian products in Ghana
An exhibition for the Egyptian products will be held in September in Ghana. Egypt-Ghana, Economics, 8/3/1999 - Turkey gets international loans to build a gas pipeline
Turkey has received four loans from several banks estimated at a total value of US $131 million in order to finance part of the pipeline to transfer gas for internal use in East Anadolia. Turkey, Economics, 8/3/1999 - Report: Britain no longer backing dam project in Turkey
A British daily has asserted the intention of the British government to give up its backing for the project of building Eleiso dam on the Tigris river in Turkey. Turkey-UK, Economics, 8/3/1999 - Governmental commission on priorities for use of cellular phone license receipts
King Mohammed VI announced on Monday the creation of a governmental commission to set the priorities for the use of the receipts of the second license of the cellular phone (GSM). Morocco, Economics, 8/3/1999 - Arab Businessmen's Council joins AL's membership
The Arab League's council of delegates have agreed upon the membership Arab Businessmen's Council in the AL, after changing the name of the council to the Arab Businessmen's Union because the league's charter doesn't allow membership for councils but for unions only. Regional, Business, 8/3/1999 - Morocco planning large tourism project in Marrakesh suburbs
Morocco is planning to launch a large scale tourism project in the region of Marrakesh. Morocco, Business, 8/2/1999 - Syrian and Jordanian technical experts meet in Amman
The participants in the meeting continued discussions topics pertaining to the trade exchange agreements between the two countries and ways of introducing new commodities into the agreement signed in 1975. Jordan-Syria, Economics, 8/2/1999 - A conference for the Arab businessmen in Tunis
Tunisia is hosting the eighth conference for businessmen and Arab investors from November 23 - 25, under the auspices of Tunisian President Zein El-Abedin Ben Ali. Regional, Business, 8/2/1999 - Morocco launches tender for building $250 million power plant
Morocco launched last weekend an international tender for the building of a $250 million combined-cycle power plant in the northern zone. Morocco, Business, 8/2/1999 - Israel gets ready to receive Turkish water
Israeli Foreign Minister David Levy announced yesterday that Israel is sending a diplomatic delegation to Turkey to discuss the implementation of Turkey's proposals to sell water to Israel. Israel-Turkey, Economics, 8/2/1999 - Egyptian exports rise in early 1999
Nontraditional Egyptian exports increased in the first four months of 1999 by 15.5% over the same period last year. Egypt, Economics, 8/2/1999 - Egyptian foreign debts reduced Egypt, Economics, 8/2/1999