Arabic News Weekly Edition for Economics, 8/23/1999
Weekly Edition, Economics - Week of August 23, 1999
- Egypt takes part in Osaka International Fair
Egyptian Minister of Trade and Supply Ahmed Goweili has agreed on Egypt's participation in the Osaka international trade fair on April 29 - May 4, 2000. Egypt-Japan, Economics, 8/28/1999 - Lattakia port on the Syrian coast Syria, Economics, 8/28/1999
- Damascus International fair opening
Companies, private and state officials from many countries headed to Damascus for its international fair. Syria, Economics, 8/28/1999 - Portuguese group to launch tourism project in Morocco
The Portuguese group Festana is planning to launch a large scale tourism project in Morocco. Morocco-Portugal, Business, 8/28/1999 - The second Arabic banking conference in Beirut coming October Regional, Business, 8/28/1999
- German program to support Egyptian exports to European markets
The Arab - German Chamber of Trade and Industry in Cairo set up a program to support and upgrade Egyptian exports through increasing their competitive ability and the ability of Egyptian products to reach the European markets in general and the German markets specifically. Egypt-Germany, Economics, 8/28/1999 - Increase in participants of Arab mobile networks, Emirates users rank first
A conference on GSM communications in the Arab world concluded yesterday in Cairo. The conference was attended by experts in mobile communications from 12 Arab states: Egypt, Jordan, Kuwait, Libya, Morocco, Oman, the Palestinian Authority, Qatar, Saudi Arabia and the United Arab Emirates. Regional, Business, 8/28/1999 - Establishing Canadian - Egyptian - British company for agricultural investment
A contract to found the largest joint Canadian - British - Egyptian industrial and agricultural company in the Owainat region was endorsed yesterday. Egypt-International, Business, 8/28/1999 - Egyptian ship carries new aid to Turkey
According to the orders of Egyptian President Hosni Mubarak, the Egyptian ship Ahmous departed Alexandria carrying aid for victims of the recent earthquake in Turkey, including machinery, bakery tools, tractors to lift the rubble, and 2,000 tons of sugar and flour. Egypt-Turkey, Business, 8/28/1999 - Volume of German investments in Egypt worth $250 million Egypt-Germany, Economics, 8/27/1999
- Egyptian factory for wood in Russia Egypt-Russia, Business, 8/27/1999
- Chambers of commerce and industry of Moroccan and Egyptian cities agreement
The chambers of commerce and industry of the Moroccan eastern city of Oujda and of the Egyptian city of Assiout (400 km south of Cairo) are negotiating a twinning and brotherly agreement. Egypt-Morocco, Economics, 8/27/1999 - Morocco's hard currency reserves amounts to record $ 6 billion
Morocco's hard currency reserves amounted, for the first time in the country's history, to $ 6 billion. Morocco, Economics, 8/27/1999 - Egyptian trade commission to visit Latin America
Egyptian Minister of Trade and Supply Ahmed Goweili stated that a commercial commission will visit Brazil and Argentina during November under the chairmanship of Mohammed Hamdi Salem, the head of executive department for the center of upgrading Egyptian exports, to promote Egyptian exports in these two markets. Egypt-Brazil, Economics, 8/27/1999 - Daewoo to continue its projects in Algeria
The regional bureau of the Korean Daewoo group in Cairo confirmed the continuation of company's activities in Algeria both in the project of the Algeria International Hotel, which was Hilton Hotel before, or in the automotive sector. Algeria-South Korea, Business, 8/27/1999 - Nine Boeing planes for Algerian airline
Algerian diplomatic sources in Cairo stated that the state-owned Algerian Airline company would buy nine Boeing 737 planes, starting in July 2000. Algeria, Business, 8/27/1999 - 75 Egyptian companies take parts in Egyptian products' fair at Abidjan
75 Egyptian companies are going to participate in the week for Egyptian products held in Abidjan, Cote d'Ivoire on September 19 - 26. Egypt-Cote D'Ivoire, Economics, 8/27/1999 - Preparations for Damascus International Fair underway
The DIF is organized by the Ministry of Economy and Foreign Trade from August 28 through September 7. Some 34 countries, including 12 Arab states, are participating. Syria-Regional, Economics, 8/27/1999 - Tourism project Portrays the holy family's journey in Egypt
Egyptian Minister of Tourism Mamdouh El-Beltagi examined yesterday a development project in the framework of preparing to celebrate the third millennium through a major project sponsored by the Ministry of Tourism in cooperation with the Ministry of Culture, concerning the revival of the holy family's path in Egypt. Egypt, Economics, 8/27/1999 - Euromoney conference in Cairo, coming month
The Euromoney conference,held under the auspices of Egyptian Prime Minister Kamal El-Ganzouri, is due to be convened in Cairo on September 14 - 16. The conference is entitled "Arab economies and the 21st century." Egypt-International, Economics, 8/27/1999 - Mubarak addresses privatization projects, investment and future changes
Mubarak said that what is taking place is to offer the share of public funds participating in some investment banks in which the four Egyptian public banks participated. The trend in future "and not now" is to offer part of these banks in the form of shares to citizens to increase capital and realize participation and not sale, the President said. Egypt, Economics, 8/26/1999 - Free trade area between Jordan, Syria Jordan-Syria, Economics, 8/26/1999
- Yemen's foreign debts worth 4.76 billion dollars
The total of Yemen's foreign debts due to international and regional organizations and countries through the end of last year, amounted to $4.764 billion. Yemen, Economics, 8/26/1999 - Egypt, India propose garment plant
The chairman of Egypt's General Authority for Investment, Ibrahim Fawzi, and a delegation from the Indo-African Chamber of Commerce discussed the establishment of a $100 million plant for ready-made garments in Cairo, the Indian Ambassador to Egypt, Shiv Shankar Mukherjee, who attended the meeting yesterday, said. Egypt-India, Business, 8/26/1999 - Cement firm Cior to build $102 million cement plant
Moroccan cement firm Cior (CIOR.CS) said it would build a 1.0 billion dirhams ($101.8 million) cement plant to expand its share in the local market. Morocco, Business, 8/26/1999 - Fair for Moroccan industries in Iraq
A fair of Moroccan industries lasting until mid-September is currently established in the Baghdad International Fair. Morocco-Iraq, Business, 8/25/1999 - Egypt making progress in privatization program Egypt, Economics, 8/25/1999
- Amman: Syrian, Jordanian, Lebanese tripartite gathering of an economic objective
Syrian sources said, "Parts of this issue were debated in the meetings hosted by the Syrian capital in the past two days, during which discussions centred on tripartite economic integration and discussions in adopting a united entry visa." Regional-Jordan, Economics, 8/25/1999 - Syria, Jordan and Lebanon joint market discussions
Official Syrian sources said today that Syrian Minister of Economy Muhammad al-Imadi discussed with a high-ranking Jordanian delegation raising the level of commercial exchange between the two countries. Syria-Jordan, Economics, 8/24/1999 - Commercial company between Egypt, three European states to encourage exports
A joint commercial company among Egypt, the Netherlands, Belgium and Luxembourg will start its activity during coming month, aiming at marketing Egyptian exports in the participating European countries. Egypt-Belgium, Business, 8/24/1999 - Syrian, Lebanese officials meet on social insurance
The board of directors of Syria's General Establishment for Social Insurance and the board of directors of the Lebanese National Fund for Social Insurance concluded their meetings in Damascus on Monday. Syria-Lebanon, Economics, 8/24/1999 - French fund grants Morocco $16.3 million for low-cost housing Morocco-France, Economics, 8/24/1999
- Ministerial committee follows up on Gulf of Suez project
Egyptian Minister of Information Safwat El-Sharif said that the ministerial committee for following up on major projects met yesterday to examine the Gulf of Suez project. Egypt, Economics, 8/24/1999 - Ericsson chosen to build Morocco's 2nd GSM network
The giant international mobile phone company Ericsson has been chosen as the principal supplier of a GSM network by Medi Telecom, which operates Morocco's second GSM license. Morocco, Business, 8/24/1999 - A cooperation protocol for businesswomen in Egypt, Yemen Egypt-Yemen, Business, 8/23/1999
- Egyptian - Iraqi economic communications
Adnan El-Hamidawi, head of the Iraqi industrial union stated that there are continuous communications and relations between the Egyptian Businessmen's Association under the chairmanship of Said El-Taweel, to activate investment and commercial relations among the investors in both countries. Iraq-Egypt, Economics, 8/23/1999 - Indian businessmen to discuss joint investment in Egypt
The international Egyptian economic forum will organize tomorrow a workshop including a delegation of businessmen coming from the Indian state of Bombay to discuss opportunities for mutual investment in Egypt and upgrading trade exchange between the two countries Egypt-India, Business, 8/23/1999 - Fire destroys 120 hectares of forests in Morocco
Fire destroyed 120 hectares of forests last week in the northern region of Morocco. Morocco, Economics, 8/23/1999 - Syrian aid for Turkey
Three Syrian cargo planes carrying urgent humanitarian aid left Damascus for Turkey on Sunday as a contribution from Syria to help the those who are suffering in the earthquake-struck areas in northwestern Turkey. Syria-Turkey, Economics, 8/23/1999 - Outlook of Moroccan economy: fisheries a thriving vital sector
With 3,500 km of Mediterranean and Ocean coasts and its strategic geographic location, Morocco is one of Africa's largest fish producers, unloading an annual average of 750,000 tons during the last four years. Morocco, Economics, 8/23/1999 - Moroccan efforts bring in three million tourists in 1998
Three million foreign tourists visited Morocco in 1998, bringing to the country over $ 1.6 billion against $ 1.3 billion posted in 1997. Morocco, Economics, 8/23/1999