Arabic News Weekly Edition for Economics, 10/18/1999
Weekly Edition, Economics - Week of October 18, 1999
- Riyadh: Crown Prince Abdullah announces reforms to encourage foreign investment
Saudi Crown Prince Abdullah Bin Abdul Aziz has announced reforms to Saudi economic regulations with the objective of encouraging foreign investments. Saudi Arabia, Economics, 10/22/1999 - US - Egyptian presidential council convenes in Cairo
The US - Egyptian presidential council, comprised of elite businessmen in the two countries, is due to convene a meeting in Cairo in the coming week. Egypt-USA, Economics, 10/22/1999 - Morocco, Egypt agree to foster housing cooperation
Morocco and Egypt decided to upgrade their cooperation in matters of housing and urbanism and a joint committee will meet twice a year to assess the evolution of this cooperation. Egypt-Morocco, Economics, 10/22/1999 - Petroleum discoveries in Mauritania
The Mauritanian newspaper El-Elm reported yesterday the approach of the start of digging for petroleum, stating that the Hardman Petroleum company for drilling petroleum recently sent Mauritanian engineers to Australia and South Africa to receive applied lessons regarding extracting petroleum. Mauritania, Business, 10/22/1999 - Egypt raises treasury bonds worth 500 million pounds
The Egyptian Ministry of Finance said today that it will accept bids to cover bonds on the treasury for 91 days with a nominal value of 500 million Egyptian pounds. Egypt, Economics, 10/22/1999 - Morocco, US economic ties reviewed in Washington
The meeting gathered Moroccan Economy and Finance Minister Fathallah Oualalou, and the Europe and Mediterranean administrator at the US External Trade Department, Ms. Catherine Novelli. Morocco-USA, Economics, 10/22/1999 - Cairo conference to discuss Palestinian currency Palestine-Regional, Economics, 10/22/1999
- Iranian delegation in Cairo on November 1 Egypt-Iran, Economics, 10/22/1999
- Rural world will access electricity at easy terms
Easy terms will be granted to villagers wishing to be supplied with power, part of the global rural electrification program for the northern provinces. Morocco, Economics, 10/22/1999 - Drought in Iraq
The representative of the international Food and Agriculture Organization in Iraq, Ameer Khalil, has said that the country, which suffers from its worst drought in this century, will face a catastrophe unless the situation is improved next year. Iraq, Economics, 10/22/1999 - $13 billion in Tunisian foreign investments
The volume of foreign investments in Tunis reached 1,310 million dinar ($13 billion), among which 1,163 million dinars are in direct investments. Tunisia, Economics, 10/21/1999 - ONEP, top Moroccan economic partner of Japan Morocco-Japan, Economics, 10/21/1999
- Gulf states talks on replacing foreign labor with local and Arab labor
Arab Gulf industrialists on Tuesday opened a conference in Doha to discuss means of replacing the foreign labor force, which constitutes the majority in the six Arab Gulf Cooperation Council states, with the local labor force, gradually. Gulf, Economics, 10/21/1999 - Egypt seeks foreign investment in projects
Egypt plans to seek foreign investments, especially in the areas of major projects, Mohammed Ghamrawi, the new chief of the General Authority for Investment and Free Zones, said. Egypt, Business, 10/21/1999 - Iraqi - Algerian commercial discussions
Algerian Minister of Commerce Bakhti Belaid discussed during his meeting yesterday with Iraqi Trade Minister Mohammed Mahdi Saleh commercial relations between the two countries and means of developing them, as well as the economic issues that tie the two countries and means of increasing their volume. Algeria-Iraq, Economics, 10/21/1999 - Means of strengthening Arab investment
Acting Jordanian Prime Minister Marwan al-Hammoud has reviewed with Sheikh Bander Bin Fahd Afheed, the chairman of the Arab Center for Arab-International Economic Relations Jordan-Regional, Economics, 10/21/1999 - Morocco creates 50,000 new jobs Morocco, Economics, 10/20/1999
- US investments in Bahrain Bahrain-USA, Economics, 10/20/1999
- Spanish Gaz Natural SDG to invest $400 million in Morocco Morocco-Spain, Business, 10/20/1999
- Tomorrow concluding the Arab forum for tourism and culture in Algeria
The Arab forum for tourism and culture will conclude tomorrow in the Algerian capital, Algiers. Regional, Economics, 10/20/1999 - Tunisia, Morocco hold partnership days
Days on partnership between the Moroccan northern city of Tetuan and Tunisian capital city Tunis are currently being held in Tunis to foster cooperation relations between the two cities. Tunisia-Morocco, Economics, 10/20/1999 - Indonesia, Iraq agree to promote ties
Indonesia and Iraq have agreed to increase bilateral trade ties and to explore the possibility of establishing long-term industrial cooperation, Indonesian news agency ANTARA reported. Iraq-Indonesia, Economics, 10/20/1999 - A conference for the Arab stock markets in Sharm El-Sheikh
The coming annual conference of the Arab stock markets' union is scheduled to be held in Sharm El-Sheikh, Egypt during November, said Soleim El-Monzeri, secretary general of the Arab stock markets' union. Regional, Business, 10/20/1999 - Morocco partly privatizes fertilizer, livestock firms
Morocco announced the ceding of half of the capital of fertilizers and livestock breeding firms to private operators. Morocco, Business, 10/20/1999 - Establishing the Australian businessmen club in Cairo
Egyptian Minister of Economy and Foreign Trade Yousef Butros Ghali is witnessing today the celebration of declaring the establishment of an Australian businessmen's club in Cairo with the participation of 80 Egyptian and Australian members. Egypt-Australia, Business, 10/20/1999 - Egyptian government decides to implement the great projects quickly Egypt, Economics, 10/19/1999
- Discussions between the Gulf Cooperation Council and Alafta
Sheikh Jamil El-Hujeilan, the secretary general of the Gulf Cooperation Council, discussed yesterday with Peter Holen, Switzerland's ambassador in Riyadh, procedures of signing among GCC countries and the European trade association, Atafta, on declaring principles for joint cooperation among the GCC member states and countries of Altafa which lead the two sides. Gulf-International, Economics, 10/19/1999 - French humanitarian aid for Sudan Sudan-France, Economics, 10/19/1999
- Syrian PNF discusses economic situation
Chaired by the Syrian Vice President Muhammad Zuheir Masharqa, the Progressive National Front's ventral command on Monday evening held a meeting. The participants in the meeting listened to a comprehensive economic review submitted by Prime Minister Mahmoud al-Zou'bi, Deputy Premier for Economic Affairs Salim Yasin and many others. Syria, Economics, 10/19/1999 - Moroccan-Egyptian businessmen to initiate joint projects
Moroccan and egyptian businessmen agreed on the need to increase the volume of trade exchanges between the two states and to initiate joint investment projects to upgrade economic and trade cooperation. Egypt-Morocco, Business, 10/19/1999 - Morocco 2000 exhibit in London in January
Morocco will organize early January in London an exhibition dubbed "Morocco 2000" to promote partnership and consolidate trade exchanges and investment between the two countries. Morocco-UK, Economics, 10/19/1999 - Malki unveils citrus fruit strategy Morocco, Economics, 10/18/1999
- US urges Gulf states to undertake economic reforms, and to approach Israel Gulf-USA, Economics, 10/18/1999
- Islamic development bank marks 25 years of achievements
The bank's plans and programs raised inter-trade from 4 to 10% and aims to raise it to 13%. Regional, Economics, 10/18/1999 - Bahrain to host meeting of gulf insurance firms
Bahrain will host next December the first meeting of insurance companies in the Gulf Cooperation Council (GCC) states. Gulf, Business, 10/18/1999 - German trade delegation in Bahrain Bahrain, Economics, 10/18/1999
- Bordeaux economic forum on Morocco ends
The economic forum"The Third Millennium Morocco: an economic and industrial partner" organized Oct 12-15 in Bordeaux by the city's chamber of trade and industry was attended Thursday by Prince Moulay Rachid, brother to King Mohammed VI. Morocco-France, Economics, 10/18/1999