Arabic News Weekly Edition for Economics, 11/1/1999
Weekly Edition, Economics - Week of November 1, 1999
- France to swap 700 million FF of Moroccan debt
France agreed to swap next year 700 million French Francs (F.F) of the debt Morocco owes to Paris, following a decision by the Paris club to lift the swap ceiling from 20 to 30%. Morocco-France, Economics, 11/6/1999 - 15 Egyptian companies to be raised for sale soon Egypt, Economics, 11/6/1999
- Egypt participates in establishing five sugar factories in Iran
Akbar Kasemi, the head of bureau dealing with Iranian interests in Cairo, said today to ArabicNews.com that Egypt had agreed to finance the establishment of five sugar factories in the Iranian Khorasan at a cost of $1.049 billion. Egypt-Iran, Economics, 11/6/1999 - $800 million in Egyptian exports to Iraq next year Egypt-Iraq, Economics, 11/6/1999
- Tehran to participate in Cairo International Fair next March
Mogtabi Khestortag, the Iranian deputy trade minister and head of the exports development center, said the trade volume between Egypt and Iran is weak, despite the strong historical relations between the two countries. Egypt-Iran, Economics, 11/6/1999 - Famine in southern Somalia Somalia, Economics, 11/6/1999
- Youssoufi: Morocco needs fisheries sector for internal development
Moroccan officials and fisheries professionals argue that the new partnership should seek the promotion of joint ventures in fisheries-related sectors such as shipyards, ships maintenance, and sea-food processing, in addition to fish-farming. Morocco, Economics, 11/6/1999 - UK commercial delegations to visit Egypt at the beginning of next year
UK commercial missions will visit Egypt at the beginning of coming year to discuss the special arrangements for establishing the free trade zone between the two countries. Egypt-UK, Economics, 11/6/1999 - Jordanian airlines to be privatized within one year Jordan, Business, 11/6/1999
- 73% occupation ratio for Luxor's hotels Egypt, Economics, 11/5/1999
- Bin Ali pardons hundreds of prisoners
Tunisian President Zein al-Abidin Bin Ali on Thursday issued a pardon that covered hundreds of prisoners on the occasion of the 12th anniversary of the change that took place on November 7, which for this year, coincided with President Bin Ali's reelection to a third term of office. Tunisia, Economics, 11/5/1999 - Egyptian companies dominate 90% of Gitex '99 sales Egypt, Business, 11/5/1999
- 700 Arab investors participate in conference in Tunisia
700 investors from the Arab states will participate in the largest conference for Arab investors, which will be held in Tunis, starting on November 23 and lasting for three days. Regional, Business, 11/5/1999 - Jordan negotiates with Spain to reduce debts Jordan-Spain, Economics, 11/5/1999
- Training 500 Egyptian young men and women in hotel activities
The Egyptian Tourism Ministry is due to start in the middle of the current month the first stage of the plan to train Egyptian youths on working in hotel activities, which aims at training 15,000 young men over five years, as the first stage will be carried out by 500 young men and girls. Egypt, Economics, 11/5/1999 - Egyptian company wins contracts worth $200 million in Comesa countries
The Egyptian Arab Contractors Company has won contracts worth 200 million dollars to establish many projects in the Comesa countries. Egypt, Business, 11/5/1999 - A Kuwaiti company for land reclamation in Egypt Kuwait-Egypt, Business, 11/5/1999
- Emirates airline organizes regular trips to Bahrain
The Bahraini civil aviation authorities agreed yesterday for the Emirates Airline Company to organize regular trips to Bahrain. Bahrain-United Arab Emirates, Business, 11/5/1999 - Business delegation from Bangladesh visits Alexandria Egypt-Bangladesh, Business, 11/5/1999
- Eight Egyptian companies to participate in German electronics fair
Eight Egyptian companies agreed on participating in the fair CeBIT fair for electronics, which will he held in the German city of Hanover on February 14 - March 1, 2000. Egypt-Germany, Business, 11/5/1999 - Establishing a center for displaying Egyptian goods in Latvia Egypt-Latvia, Economics, 11/5/1999
- 72 companies participate in fair in Sanaa Yemen-Egypt, Economics, 11/5/1999
- Tunisian budget reaches 10 billion dinars
An official source said that Tunisia's budget for the year 2000 will increase for the first time to 10 billion Tunisian dinars, estimated at US $9 billion. Tunisia, Economics, 11/5/1999 - Baghdad: trade relation based on attitude on sanctions
Iraqi Trade Minister Mohammed Mahdi Salah stated that his country's commercial relations with the world countries will be determined in light of these countries' efforts to lift up the international sanctions from Iraq. Iraq, Economics, 11/5/1999 - UK - Egyptian cooperation for organizing international fairs
The Egyptian capital, Cairo, witnessed yesterday the signing of an agreement for cooperation in the field of organizing international fairs between two of the major companies specializing in this field: the Arab Communications Group (ACG) and the UKITE. Egypt-UK, Business, 11/5/1999 - A conference on obstacles impeding inter-Arab trade Regional, Economics, 11/4/1999
- Large Japanese economical delegation arrives at Cairo this month
Abd El-Monem Seoudi, the head of the Egyptian Industrial Union and head of the Egyptian side in the Japanese - Egyptian business council said that a Japanese economic delegation including 45 participants in the economic, industrial and commercial fields among which are 32 heads of major Japanese companies, will arrive in Cairo on November 20. Egypt-Japan, Business, 11/4/1999 - Morocco's solidarity campaign picking up
The nationwide solidarity campaign in favor of the poorest layers of Moroccan society launched Monday by King Mohammed VI is gaining momentum by the day with a growing number of moves and undertakings in the kingdom and even abroad. Morocco, Economics, 11/4/1999 - Seventy German newlyweds spend honeymoon in Morocco
Thirty five German new couples and some of their relatives are spending their honeymoon in the Moroccan Atlantic sea resort of Agadir, accompanied by more than 40 print and audio-visual journalists. Morocco, Economics, 11/4/1999 - UK participates in two fairs in Cairo
In the UK - Egyptian cooperation, a group of UK companies will participate in the fair Brigo 99, specializing in petroleum, gas and petrochemicals, which will, held in Cairo on November 8 - 11. Egypt-UK, Economics, 11/4/1999 - Export obstacles impeding cooperation between GCC, EU
The member states of the Gulf Cooperation Council expressed on Tuesday complaints of obstacles created by the European Union before a free exchange agreement. Gulf-European Union, Economics, 11/3/1999 - Dutch business delegation to visit Cairo on Friday
A Dutch business delegation representing 40 large companies is to arrive in Cairo on Friday on a visit, during which the delegation will hold commercial discussions with high-ranking officials in ministries of trade and transportation in joint cooperation between the Egyptian and the Dutch governments. Egypt-Netherlands, Economics, 11/3/1999 - US business delegation visits Morocco
A high-ranking US business delegation started a visit to Morocco that will last for one week at the invitation of the U.S - Moroccan council for trade and investment, which is the first of its sort in the North Africa area. Morocco-USA, Economics, 11/3/1999 - Arab League asks to join WTO as observer
The Arab League has called on the European Commission and the current president of the European Union to back the request submitted by the AL general secretariat to join the World Trade Organization, which has Geneva as a headquarters, as an observer. Regional, Economics, 11/3/1999 - Syrian-Kuwaiti memorandum of understanding signed
Syria and Kuwait on Tuesday signed a memorandum of understanding on amending the bilateral agreement that provides for organizing air traffic between the two countries. Syria-Kuwait, Economics, 11/3/1999 - Revitalizing the Egyptian - Japanese business council
A delegation from Japanese companies will visit Cairo on November 20 - 23, during which the delegation will revitalize the role of the Egyptian - Japanese business council which was established 33 years, but which had no role in revitalizing commercial and economical exchange between the two countries until now. Egypt-Japan, Business, 11/3/1999 - Aleppo hosts industrial exhibition on plastic, rubber
The first industrial exhibition of plastics and rubber in Syria opens today in Aleppo (in the northern part of Syria). This event is organized by the Aleppo Chamber of Commerce in collaboration with the Damascus Chamber of Commerce. Syria-International, Business, 11/3/1999 - Morocco's telecom company reduces tariffs
The Moroccan Telecom company announced on Tuesday a new reduction of fixed and mobile phone call tariffs. Morocco, Business, 11/3/1999 - Direct air route between Jordan and Belgium Jordan-Belgium, Business, 11/3/1999
- Islamic bank to boost projects for Muslim communities in non-Muslim countries
The president of the Islamic Development Bank, Ahmad Muhammad Ali, has said that the bank backs economic development and social progress in its member states and the Islamic communities in non-member states. Regional, Economics, 11/3/1999 - RAM starts Nador-Brussels flights Morocco-Belgium, Business, 11/3/1999
- $20 million to produce Renault cars in Egypt Egypt, Business, 11/2/1999
- Ministerial commission approves $ 215 million-worth investment projects
The inter-ministerial investments commission, chaired by prime minister Abderrahmane Youssoufi, approved last week $ 215 million-worth investment projects expected to generate around 2,400 permanent jobs. Morocco, Economics, 11/2/1999 - France to swap new amount of Moroccan debt
French ambassador in Morocco, Michel de Bonnecorse, announced in an interview with a Moroccan daily that a new amount of Moroccan debts owed to France will be swapped during the annual meeting, November 4-5, of the two countries' prime ministers. Morocco-France, Economics, 11/2/1999 - Moussa meets with European businessmen in Holland
Egyptian Foreign Minister Amr Moussa is participating today in a meeting of European businessmen, which open in the Dutch capital, Amsterdam, where he will deliver an address in the general session of this meeting. Egypt-Netherlands, Economics, 11/2/1999 - Syria signs loan agreement with Abu Dhabi Fund
Syrian Minister of State for Planning Abdul Rahim al-Sbei on Monday signed four loan agreements between Syria and the Abu Dhabi Fund for Development at a value of 543,604 million dirhams with a 3.5 percent interest rate on all withdrawn sums and .5 percent for labor banking fees. Syria-United Arab Emirates, Economics, 11/2/1999 - Alitalia resumes trips to Algeria today
Sources in the Algeria Ministry of Transportation stated yesterday that the Italian airline company Alitalia will resume its trips to Algeria today with two trips weekly after a four-year stop. Algeria-Italy, Business, 11/2/1999 - Moroccan senate approves 3 international accords
The Moroccan Senate, meeting Monday under the chairmanship of Speaker Mohamed Jalal Essaid, approved three international accords with India, Tunisia and Portugal. Morocco, Economics, 11/2/1999 - Italian businessmen in Morocco tomorrow
A twenty-member delegation of Italian businessmen from the Lazio region is paying a visit to Morocco November 3-6 to establish ties and partnership relations with Moroccan operators. Morocco-Italy, Economics, 11/2/1999 - Morocco calls for us debt swap
Cooperation Secretary of State Aicha Belarbi called Monday the United States to swap Moroccan debt to investments in a similar move to those already initiated by France, Spain and Italy. Morocco, Economics, 11/2/1999 - Ghali and Cook open conference on investment opportunities in Egypt
Egyptian Minister of Economy and Foreign Trade Yousef Butros Ghali and UK Foreign Secretary Robin Cook are to open a conference on the investment opportunities in Egypt, which will be held in London on Monday. Egypt-UK, Economics, 11/2/1999 - Arab, foreign experts open meeting on Y2K bug
Arab and foreign experts on Monday opened a meeting to present emergency plans to face up the year 2000 bug's (Y2K) effects in North Africa and the Middle East. Regional, Economics, 11/2/1999 - Islamic finance ministers meet in Jeddah
The governing board of the Islamic Development bank (IDB) is holding here this Tuesday its 24th meeting with the participation of ministers of finance, economy and planning of islamic states. Regional, Economics, 11/2/1999 - Morocco gets $ 7.6 million loan from Islamic Bank
The Islamic Development Bank has extended Morocco a $ 7.6 million-loan to support the construction of roads in the Moroccan northern Rif mountains. Morocco, Economics, 11/2/1999 - UAE proposals for breaking the link between the dirham and the dollar
United Arab Emirates economic circles suggested breaking the link between the dirham and the US dollar and linking it to a currency basket to help the UAE national economy avoid fluctuations which it may cause it losses due to the gains resulting from the dollar's power, which has been linked with the dirham's price since the issue of the national currency. United Arab Emirates-USA, Economics, 11/1/1999 - King Abdullah confers with French tourism minister
King Abdullah II of Jordan met on Saturday in Amman with the French tourism minister, Michelle Demessine, currently visiting Jordan. Jordan-France, Economics, 11/1/1999 - Morocco stages second anti-poverty campaign
Morocco is launching this Monday its second anti-poverty campaign that consists of collecting funds from individuals, companies and associations to alleviate poverty in the country. Morocco, Economics, 11/1/1999 - Spain authorizes entry of 1,000 Moroccan seasonal workers
The Spanish government has decided to authorize the entry of around 1,000 Moroccan seasonal workers for a nine-month period under an agreement signed by the two countries, reports Spanish news agency "EFE." Morocco-Spain, Economics, 11/1/1999 - Islamic bank finances Yemeni projects
Yemen agreed with the Islamic Development Bank today on financing upcoming educational, technical and social projects. Yemen, Economics, 11/1/1999 - $4.3 billion in Algerian foreign currency reserves Algeria, Economics, 11/1/1999
- Second women's international forum meets Nov 3-8 in Casablanca
The Bouregreg Association organizes Nov 3-8 in Casablanca the second Women's International Forum on the promotion of women's contribution to economic development. Morocco, Economics, 11/1/1999 - Morocco in Montreal tourism, travel exhibit Morocco-Canada, Economics, 11/1/1999
- Cairo to host meetings of international organization for tourism and hotels in 2001
Cairo will host on October 25 - 29, 2001 the meetings of the international organization for tourism and hotels (IH-RA) located in Paris, whose board of directors will be headed by Jordanian tourism expert Osman Aidi, head of the Arab union for tourism and hotels. Regional-International, Economics, 11/1/1999 - Morocco lays foundation stone for large sports compound in Tangiers
A ministerial delegation on Sunday laid the foundation stone for a $30 million sports complex in the northern city of Tangiers. Morocco, Business, 11/1/1999