Arabic News Weekly Edition for Economics, 11/8/1999
Weekly Edition, Economics - Week of November 8, 1999
- New projects licensed by the Syrian investment council at 370 million Syrian pounds
The Syrian Higher Investment Council has, in its recent session, agreed to include five joint investment projects for Syrian, Arab and foreign investors at a value of 370 million Syrian pounds (US $7 million). Syria, Economics, 11/13/1999 - Arab housing ministers council meeting Regional, Economics, 11/13/1999
- Germany and Saudi Arabia discuss cooperation
Saudi Minister of Finance Abdul Aziz al-Asaf urged German businessmen to benefit from the opening of the doors of the Saudi economy and to invest in Saudi Arabia. Saudi Arabia-Germany, Economics, 11/13/1999 - FAO earmarks $189,000 for handicraft promotion in Morocco
The UN Food and Agriculture Organization will earmark $189,000 for a program to develop the handicraft sector in Morocco, said the Moroccan handicraft department. Morocco-UN, Economics, 11/12/1999 - UAE fair in Egypt attest to great investment environment
The Dubai World Trade Center will organize on March 27 - 30 the "UAE in Egypt Exhibition" under the auspices of Sheikh Mohammed Bin Rashid Al-Maktoum, Dubai's crown prince and the UAE defense minister. Egypt-United Arab Emirates, Economics, 11/12/1999 - Morocco to take bids on highway construction from private sector
Morocco will launch shortly an international bid call to sell to private operators, for the first time, the building of a highway in northern Morocco. Morocco, Business, 11/12/1999 - World's largest company for phosphates exports gets new chief
King Mohammed VI on Thursday appointed former Finance Minister Mohamed Berrada as new director-general of the phosphates corporation (OCP/state-owned). Morocco, Business, 11/12/1999 - Some 60 Moroccan and foreign firms in Casablanca food exhibition
Some 60 Moroccan and foreign food firms are taking part in the 6th international foodstuffs and food industry fair that opened in Casablanca. Morocco-International, Economics, 11/12/1999 - Moroccan premier meets French investors
Moroccan Premier Abderrahmane Youssoufi received on Wednesday a group of visiting French investors. Morocco-France, Business, 11/11/1999 - Tunisia to receive Moroccan businessmen in November
A Moroccan business delegation will pay a visit to Tunisia next November 25-27 to explore means of promoting trade exchanges between the two Maghreban states. Tunisia-Morocco, Economics, 11/11/1999 - Egypt unlisted among nations of high financial risk
Minister of Planning and International Cooperation Ahmed Al-Darsh said Egypt is leading the emerging markets in attracting investments, indicating that Japan recently considered Egypt unlisted among the nations of high financial risks. Egypt, Economics, 11/11/1999 - Moroccan business delegation explores opportunities in North America Morocco-USA, Business, 11/11/1999
- Oman plans improvement in agriculture, fisheries Oman, Economics, 11/11/1999
- France to establish five radar stations in Algeria
Algeria and France signed an agreement that calls for French companies to establish and run five radar stations at a cost of 5 billion Algerian dinars in order to improve aviation in Algeria, which owns the largest internal airlines among the Arab states. Algeria-France, Business, 11/11/1999 - Morocco, Spain agree to foster fisheries cooperation
Morocco and Spain agreed on Tuesday to foster cooperation in fisheries and related-sectors. Morocco-European Union, Economics, 11/11/1999 - Increase in Tunisians' transfers Tunisia, Economics, 11/11/1999
- Tourists flow to Morocco expected to exceed 2.7 million by end of 1999
The tourist flow to Morocco is expected to increase by 18% by the end of 1999 in comparison to 1998, to reach 2.7 million tourists, said Moroccan Tourism Minister Hassan Sebbar. Morocco, Business, 11/11/1999 - Tourism cooperation between Germany and Mauritania Mauritania-Germany, Economics, 11/11/1999
- Car sales in Morocco increase by 24.5%
Car sales in Morocco have recorded an increase of 24.5% during the first nine months of 1999, the number of sold cars having jumped from 25,984 during the same period in 1998 to 32,357. Morocco, Business, 11/11/1999 - First exclusive Saudi trade fair to be held in Tehran
An exclusive Saudi trade exhibit will be held in Tehran next week, the first time ever that Riyadh has decided to present its products to the Iranian public and the business community. Saudi Arabia-Iran, Economics, 11/10/1999 - Tunisian banks increase their capital Tunisia, Business, 11/10/1999
- World Bank deputy chairman in Algeria
Algerian President Abdelaziz Bouteflika on Tuesday in Algiers received the deputy chairman of the World Bank, Kamal Darwish, and discussed with him cooperation between Algeria and the WB, especially in the fields of agriculture and housing, and means of strengthening relations between the two sides in the sector of banking. Algeria, Economics, 11/10/1999 - Expectations of congress' consent for additional aid to Jordan
High-ranking Jordanian diplomatic sources expected yesterday the consent of the US Senate on a draft resolution for additional aid to Jordan worth nearly $100 million. Jordan-USA, Economics, 11/10/1999 - IDB governors approve creation of institution for promotion of private sector
The Islamic Development Bank (IDB) on Tuesday said its council of Governors approved the creation of an Islamic institution for the promotion of the private sector with a capital of one billion dollars. Regional, Economics, 11/10/1999 - North Africa's foreign debts exceed $ 114 billion
The foreign debt contracted by North African countries stands at $ 114 billion, i.e 24 fold more than in 1970, according to estimates by the Economic Commission for Africa (ECA). North Africa, Economics, 11/10/1999 - Medical schools on 48 hour strike in Rabat and Casablanca
Local sections of the higher education union called for a 48-hour strike Wednesday and Thursday in the Rabat and Casablanca Pharmacy and medical schools. Morocco, Economics, 11/10/1999 - Algerian projects wait for World Bank loans worth $730 million Algeria, Economics, 11/9/1999
- Ghali calls for British investment in Egypt
An Egyptian economic delegation started its visit to London under the chairmanship of Egyptian Minister of Economy and Foreign Trade Yousef Butros Ghali for a one-week visit in the framework of invigorating Egyptian exports to Western countries. Egypt-UK, Economics, 11/9/1999 - Indonesian firms in Baghdad International Fair Iraq-Indonesia, Economics, 11/9/1999
- Egypt plans for technology sector development
Egyptian Minister of Telecommunications and Information Ahmed Nazif said Egypt will provide exemptions to customs duties and taxes to exporters of computer programs as part of a plan for technological development. Egypt, Economics, 11/9/1999 - Emirates airlines increase Dubai-Jakarta flights
The recovery in Indonesian political and economic sectors has encouraged Emirates airlines to increase its flights on its Dubai-Jakarta route from three to four times a week, Indonesian news agency ANTARA reported. United Arab Emirates-Indonesia, Business, 11/9/1999 - Egypt works toward sustainable tourist development Egypt, Economics, 11/8/1999
- New governor for the central bank in Bahrain Bahrain, Economics, 11/8/1999
- Tourism demand is strong in Bethlehem
The city of Bethlehem has been witnessing since last month an unpreceded expanded tourism movement, and it is expected that the numbers of tourists and Christian pilgrims are to increase more and more with the approach of celebrating the end of the second millenium since the birth of Jesus Christ. Palestine, Economics, 11/8/1999 - Iranian president confers with Saudi oil minister
Iranian President Muhammad Khatami on Sunday received in Tehran the Saudi Minister of Oil and Mineral Resources Ali al-Nueimi. Saudi Arabia-Iran, Economics, 11/8/1999