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Tourism in Syria sees major increase
Tourism Ministry announced that tourists number in Syria have reached 1.41 million during the first half of this year in comparison with 1.18 million of the same period last year. This to increase tourists number by about 20% in comparison with last year.
Syria, Economics, 7/16/2005
$200 million soft loans to west Cairo power station
The Arab Fund for Social and Economic Development and Kuwaiti Fund for Development initially agreed on submitting a $200 million soft loan to west Cairo power station at a capacity of 650 megawatts.
Egypt, Economics, 7/16/2005
Austrian company hunts for oil in Yemen
The Austrian oil company O.M.V said it received a license for exploring for oil in Yemen, and it signed a partnership agreement for production with the Yemeni ministry of oil.
Yemen-Austria, Business, 7/15/2005
$2 billion Malaysian investments in oil, gas fields
Nasr Eddin Idrees, Vice-President of the Malaysian state- owned oil company PETRONAS stated that the Corporation is planning to make direct investment and to engage in exclusive oil and gas prospecting in areas offered for international tender by the Egyptian petroleum sector.
Egypt-Malaysia, Business, 7/14/2005
Syrian insurance market to attract Arab and foreign companies
"The Syrian insurance market is expected to attract giant companies whether from Arab countries or from foreign ones," Minister of Finance Mohammad al-Hussein said Wednesday.
Syria, Economics, 7/14/2005
Arab arbitration chamber to activate role
Regional, Economics, 7/14/2005
Dubai large growth rate for non-oil foreign trade
Foreign non-oil trade of the Emirate of Dubai, in the United Arab Emirates, has increased at a rate of 41% in 2004 to reach 215.73 billion Dirham ( USD 58.74 billion) due to a real estate upsurge.
United Arab Emirates, Economics, 7/13/2005
UAE might converts 5% of its monetary reserves to EURO
AN official in the office of the central Bank of the United Arab Emirates UAE said that the UAE might convert 5% of its reserves of foreign currencies from US dollars to EURO.
United Arab Emirates, Economics, 7/13/2005
Lebanese tourist investments in Syria
Chairman of the Lebanese Tourist Syndicates Union, Pier al-Ashker, on Tuesday said that Syria in the forthcoming days will witness tourist projects by Lebanese investors, adding that Syria benefits from the Lebanese experience in the field of tourist industry.
Syria-Lebanon, Economics, 7/13/2005
Syrian coast's oil surveys operations
The Danish General Company started surveys and studies on the possibility of oil or natural gas deposits in the regional waters along the Syrian coast.
Syria, Economics, 7/13/2005
Need for Syrian-Italian economic relations
Syria-Italy, Economics, 7/13/2005
Qatar- Syria joint investment company
Syria's President Bashar al-Assad received Qatari Finance Minister Youssuf Mohammad Kamal on Monday. Al-Assad was briefed on the agreement signed today to establish a Qatari-Syrian holding investment company.
Syria-Qatar, Business, 7/12/2005
Libya to import 4 million tons of cement
Libyan officials discussed the "cement shortages in the Libyan market, especially that we are going to implement mega projects in the field of housing"
Libya, Economics, 7/12/2005
Libya -Algeria economic ties
Algeria-Libya, Economics, 7/12/2005
US, Iraq sign trade and investment framework pact
Iraq-USA, Economics, 7/12/2005
Libya removes customs fees on more that 3500 items
Libya has decided to removed customs fees on more than 3500 commodities imported to the country with the exception of 81 items. This is in a step that aims at liberalizing trade together with "protecting local products."
Libya, Economics, 7/11/2005
Notable increase in Tunisian tourism revenues
Tunisian tourism revenues increase during the first half of the current year by 11.6% in comparison with the same phase of 2004 to reach 981 million Tunisian dinars (USD 734 million).
Tunisia, Economics, 7/11/2005
Workforce to rise by 650,000
Egypt workforce is expected to rise by 650,000 to 19, 8 million during the 2005/2006 plan.
Egypt, Economics, 7/11/2005
Syrian-Lebanese borders in Dabosiya opened
General Director of Customs Basel Sanoufa has categorically denied that the Syrian-Lebanese borders in Dabosiya were closed to Lebanese trucks.
Syria-Lebanon, Economics, 7/11/2005
Exxon-Mobile sells its share in a private Syrian company
An industrial source in Damascus said that the American oil company Exxon-Mobile sold its share in a private joint company in Syria, especially because of the sanctions Washington imposed on Damascus.
Syria-USA, Business, 7/11/2005
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