![]() GENERAL MIDDLE-EAST 10.25.99
eSAT Inc. and Greenstar Development World-Wide Inc. will install a small, 1.2 meter satellite dish on the roof of a school in Al-Kaabneh, a remote Middle East village south of Hebron, near the edge of the Dead Sea. The village currently has no central electricity, and no communications link of any kind to the outside world. But they do have a powerful solar power system, a computer and other state-of-the-art equipment, supplied earlier this year by Greenstar. SOURCE: U.S. Newswire JORDAN
11/17/99
"France Telecom was the only bidder to show up for further bidding negotiations and we needed a government decision to open talks with this group," Majali said. "The talks will start next week," he said. "Further clarification and surveys will be undertaken in line with forthcoming negotiations." Majali, also information minister, heads a ministerial committee handling JTC privatisation. Jordan's King Abdullah is currently on a four-day official visit to Paris where he discussed economic ties with French leaders and signed four agreements focusing mainly on Jordanian debt. Two of the three investor groups who submitted initial bids in early October met the government's minimum price sought for JTC sale - based on a higher-end of the scale median $1.27 billion asset evaluation of the profitable firm. Their price offers were an identical $508 million. The first of the two groups was France Telecom joined by National Bank of Kuwait, National Commercial Bank of Saudi Arabia and Amman-based Arab Bank. Emirates Ein Investment Group, the investment arm of the United Arab Emirates' royal family which has U.S. giant GTE as technical partner, was the second group. The success of the telecommunications sale is a key part of IMF-directed structural reforms and is seen critical to boost Jordan's credibility among foreign investors. The government has been trying to attract outside investors to help revive its economy, weighed down by heavy external debt service burden. SOURCE: Reuters
ISRAEL
SUDI ARABIA
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