Arabic News Weekly Edition for Economics, 9/20/1999
Weekly Edition, Economics - Week of September 20, 1999
- Tunis to host eighth conference for Arab businessmen
The Tunisian union for trade and industry is organizing between November 23 - 25 the eighth conference for Arab businessmen, which discusses the Arab free trade zone and its effect on the Arab private sector, as well as implementing partnership agreements with Europe, Africa and Japan and discussing items of the unification agreement for Arab investment and incentives in maritime transportation as well as electronic trade. Regional-Tunisia, Business, 9/25/1999 - Egyptian tourism caravans to Australia and New Zealand Egypt-International, Economics, 9/25/1999
- EU grants Tunisia one hundred million dollars for reform programs
Tunisia and the European Union (EU) on Friday signed a financial agreement according to which Tunisia receives a grant of 80 million Euros (100 million dollars). Tunisia-European Union, Economics, 9/25/1999 - Lebanese - Iraqi company for industrial investment established
The delegation of the Lebanese Industrialists Association concluded today his four-day visit today to Baghdad under the chairmanship of Jacques Sarraf, head of the association, during which the delegation held commercial and economic discussions that resulted in establishing a Lebanese - Iraqi company for industrial investment. Lebanon-Iraq, Economics, 9/25/1999 - Austrian commercial delegation to visit Egypt in October Egypt-Austria, Economics, 9/25/1999
- Morocco 2000 exhibition in London officially launched
"We can do more," he said, deploring the lack of knowledge on the part of the British investors as to Morocco's potentials. Such a lack of knowledge, he said, is one of the obstacles hindering the development of British investments in the North African nation. Morocco-UK, Business, 9/25/1999 - 400 companies in Dubai automotive fair United Arab Emirates-International, Business, 9/25/1999
- A new airbus airplane for the Yemeni airlines Yemen, Business, 9/25/1999
- 16 offers to establish Egyptian Ras Sedr airport
The general organization for Egyptian aviation received 16 offers to establish Ras Sedr airport in southern Sinai on the BOT system. Egypt, Business, 9/25/1999 - Morocco's GDP posted 6.5 % jump in 1998, report
Morocco's Gross Domestic Product (GDP) posted a 6.5 % increase in 1998 against a 2.3 % decrease in 1997, said a report by the Bank of Issue. Morocco, Economics, 9/24/1999 - Syria, Lebanon sign protocol on grid’ maintenance
A contract on the operation, maintenance and investment of the electricity grid for the Lebanese village of al-Tafil was signed on Wednesday at the headquarters of the Syrian-Lebanese higher council in Damascus. Lebanon-Syria, Economics, 9/24/1999 - Oman sees growth in GDP contributions from oil, non-oil sectors
The contribution of the oil and non-oil sectors in Oman rose by 1%, from 2669.1 million in the first six months of 1998 to RO 2695.8 million in the same period this year, Oman News Agency reported. Oman, Economics, 9/24/1999 - Algerian PM meets World Trade Organization chief Algeria, Economics, 9/24/1999
- US-British group pre-selected for water, power concession in northern Morocco Morocco, Business, 9/24/1999
- Moroccan Information Society and its African Environment: Theme of a Workshop in Rabat North Africa-Morocco, Economics, 9/24/1999
- Moroccan hotels to provide additional 40,000 beds for world cup-2006
Part of its efforts to win the bid to host the World Cup 2006, Morocco said it will provide an additional 40,000 beds. Morocco, Economics, 9/24/1999 - Moroccan energy minister flies to US Morocco, Economics, 9/24/1999
- UN Compensation Commission makes funds available
The United Nations Compensation Commission has made $481,224,655.70 available for claims resulting from the Iraqi occupation of Kuwait, the first payments to be made in the second phase of the process. Iraq-UN, Economics, 9/24/1999 - Tripoli hosts symposium for joint Arab market
A two-day symposium on the joint Arab market is to start tomorrow in Tripoli, organized by the Arab Council of Economic Unity in association with the Academy of High Studies and Research in the Libyan Republic. Regional, Economics, 9/24/1999 - Meeting for African trade ministers in Algeria today
A meeting of African trade ministers is starting today in Algeria and will last for two days. Regional-Algeria-Africa, Economics, 9/23/1999 - Kuwaiti minister of petroleum makes European tour
Kuwaiti Minister of Petroleum Sheikh Saud Naser al-Sabah is making a tour that includes France, Britain and Italy after his participation in the meetings of OPEC in Vienna. Kuwait, Business, 9/23/1999 - US gives loans for Aqaba railroad upgrade
The US governmental Overseas Private Investment Corporation (OPIC) gave loan guarantees worth $55 million to the Wisconsin Central Transportation Corporation for work on Jordan's Aqaba Railway Company's lines to help increase Jordanian phosphate exports. Jordan-USA, Business, 9/23/1999 - Egyptian - Syrian relations in petroleum are developed, says Egyptian official
The deputy chairman of the general Egyptian organization for petroleum, Maged Abd El-Halim, depicted Egyptian - Syrian relations regarding petroleum as developed and distinguished, as they reflect the adherence of the two countries' leaders to developing them in different fields. Egypt-Syria, Economics, 9/22/1999 - US secretary of commerce to visit Saudi Arabia
A Saudi source told ArabicNews.com that US Secretary of Commerce William Daley will hold during his visit to Saudi Arabia in middle of next month for important talks with high-ranking Saudi officials regarding means of boosting commercial and economic cooperation between the two countries. Saudi Arabia-USA, Economics, 9/22/1999 - Gulf trade ministers to meet next month in UAE
The 26th meeting of the Gulf trade ministers will be held on October 5 in the United Arab Emirates city of Al Ayn to discuss commercial cooperation among the six Gulf Cooperation Council member states. Gulf, Economics, 9/22/1999 - Venezuelan minister of energy will visit the Gulf states in November
A Kuwaiti source said that Venezuelan Minister of Mining and Energy Ali Rodriguez Araque will visit some of the petroleum producing Gulf states in the second half of November, including Saudi Arabia, Kuwait, Iran, which are members of OPEC in the framework of monitoring the producers' commitment to OPEC's agreement to restrict their production. Gulf-Venezuela, Economics, 9/22/1999 - British embassy in Rabat to launch Morocco 2000 promotional event
The British Embassy in Rabat will launch on Friday an event, dubbed "Morocco 2000," destined to promote a new partnership between Morocco and Britain. Morocco-UK, Economics, 9/22/1999 - Swapping Morocco's debt owed to US and UK is possible; oil explorationss
There is a possibility for the USA and Britain to swap Morocco's debt into investments in the field of energy, Moroccan Energy and Mining Minister, Youssef Tahiri, said. Morocco, Economics, 9/22/1999 - Moroccan-Spanish relations are very good, speakers says
Speaker of the Moroccan House of Representatives (Lower house), Abdelouahed Radi, and speaker of the regional parliament of Andalucia, Javier Torres Vella, have described relations between Morocco and Spain as "very good" and "strategic." Morocco, Economics, 9/22/1999 - EUR 153 million from EIB for energy, environment projects in Egypt
The European Investment Bank is advancing EUR 128.25 million to Egypt for gas and oil projects and EUR 25 million for a project at the protection of the environment in the Red Sea area. Egypt-European Union, Economics, 9/22/1999 - Iraq backs establishment of Arab economic bloc
Iraq has announced that it is ready to take part in an economic bloc established out by the Arab states to withstand blocs in the world. Iraq-Regional, Economics, 9/22/1999 - Algeria's foreign currency reserves are $4.6 billion at end of June
Official data showed yesterday that Algeria's foreign reserves reached $4.64 billion by the end of June this year, a decrease of $500 million in comparison with its level at the end of March. Algeria, Economics, 9/22/1999 - Cairo Stock Exchange to undergo modernization Egypt, Business, 9/22/1999
- Mubarak opens housing project Egypt, Economics, 9/22/1999
- Morocco, member of the governing board of universal postal union Regional-Morocco, Economics, 9/22/1999
- Morocco, Tunisia sign several cooperation accords
Karoui said 90 % of products exchanged between the two states are now duty-free and that the target to boost by year 2000 trade exchanges to $ 200 million per year was within reach. Moroccan-Tunisian trade was worth $ 103 million in 1998 against 90 million in 1997. Morocco-Tunisia, Economics, 9/21/1999 - African trade ministers meet in Algiers
The session's work agenda includes all matters pertaining to the next negotiations of the World Trade Organization and embarking on a united African framework for negotiations. Algeria-Africa, Economics, 9/21/1999 - Egyptian businesswomen call for quick investments in COMESA
Huda Galal Yessein called on Egyptians to take advantage of the opportunities opened up for export as a result of Egypt becoming a member of the COMESA countries. Egyptian products' level is well suited for export to these countries. Egypt, Economics, 9/21/1999 - New oil exploration in Oman Oman, Business, 9/21/1999
- Iraq, Algeria agree to continue to reduce petroleum exports
Iraq and Algeria agreed yesterday on the importance of continuing to reduce petroleum production. Algeria-Iraq, Economics, 9/20/1999 - Inflation down to 2.9 percent in Egypt
An economic report by the Egyptian Central Bank said that the average rate of inflation in Egypt has fallen to 2.9% from a rate of 3.9% in January. Egypt, Economics, 9/20/1999 - International conference in Bahrain today on money laundering
The third international conference for strategies and means of combating money laundering and crimes of financial and administrative corruption in the Middle East started today in Algeria. Regional-International, Economics, 9/20/1999 - Gulf delegation visits Turkey to finance reconstruction program Gulf-Turkey, Economics, 9/20/1999
- Interest-free Islamic banking, an absolutely workable system, IDB chief says
President of the Islamic Development Bank (IDB) Ahmad Mohammed Ali described Interest-free Islamic banking as an absolutely workable system. Regional, Economics, 9/20/1999 - Morocco produces 7 mln tons of cement annually
Morocco produces 7 million tons of cement annually, 10 to 15 % of which are exported, a Moroccan operator said. Morocco, Business, 9/20/1999