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IMF formally approves debt forgiveness plan for Mauritania
The International Monetary Fund (IMF) has approved a plan to forgive $4.8 billion in debts of the world's poorest countries early in 2006 as part of a debt-cancellation initiative launched by the Group of Eight (G8) countries.
Mauritania, Economics, 12/10/2005
People's Assembly briefed on economic, financial situation
The premier pointed out that that the current monetary volume is estimated at 600 billion Syrian Pounds of which S.P. 400 billions as deposits and the remaining S.P. 200 billions as a 'movable volume' that exists in several neighboring countries
Syria, Economics, 12/8/2005
French cigarette produced in Syria
A licensed factory for producing French cigarettes in Syria was opened by Minister of Industry, Mohammed Ghassan Tayyara, according to an agreement between the General Establishment for Tobaccos and French Company of Altadiz.
Syria, Economics, 12/8/2005
Al-Assad presides over economic team meeting on currency stability
Syria's President Bashar al-Assad underlined on Tuesday importance of the Syrian pound exchange rate stability at normal levels since it poses as "a priority to the government work and the monetary authority that is mandated to take necessary procedures to fulfill that goal."
Syria, Economics, 12/7/2005
WTO agriculture negotiation aim for March deadline
Ministers from key countries in World Trade Organization (WTO) negotiations have set themselves a March 1 deadline for agreeing on a target year for eliminating agricultural export subsidies.
Regional, Economics, 12/6/2005
Water increasingly important to the region
Fares, pointed out in an opening speech to the increasing importance of waters and its becoming a political issue in the next decade, particularly in the Middle East as the most sensitive part of the world that suffers from this phenomena.
Regional, Economics, 12/6/2005
Egypt: International oil companies to double investments
Egypt-Regional, Economics, 12/6/2005
Nile Basin will not sell or transfer water
The ten Nile Basin countries agreed absolutely to refrain from selling Nile waters to states outside the Nile Basin, and Egyptian government report noted.
Egypt-Regional, Economics, 12/5/2005
Syria promises banking efficiency for customers
Syrian Finance Minister, Mohammed Hussein, has underlined his Ministry's care to take all the measures to facilitate the administrative procedures and to put an end to red tape in order to allow fast commercial transactions at the banks.
Syria, Economics, 12/5/2005
Iran's crude production capacity to rise by 1 million bpd
Managing Director of National Iranian Oil Company Mehdi Mir-Moezzi said that Iran's current crude production capacity stands at 4.2 million bpd
Regional-Iran, Economics, 12/5/2005
Egypt to develop mineral resources
"Geological studies pointed out that Egypt has big reserves of different minerals such as gold, marble, granite, black sand and phosphate which could be exported to different countries," a government report noted.
Egypt, Economics, 12/5/2005
Treasury's snow says trade protection a risk to global economy
Stating that "the potential rise of (trade) protectionism is the most significant risk to the global economy," US Treasury Secretary John Snow on December 3 said he has urged the European Union and Japan to "make significant moves" on agricultural market-access proposals during upcoming trade talks in Hong Kong.
Regional-USA, Economics, 12/5/2005
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