Arabic News Weekly Edition for Economics, 3/28/2005
Weekly Edition, Economics - Week of March 28, 2005
- Syria licenses Islamic banks
Syria's Minister of Finance on Tuesday said the cabinet's decision to build Islamic banks in Syria will play a significant role to bring financial savings and improve banking and finance markets as well back development projects. Syria, Economics, 3/30/2005 - Syria's economy is passing by significant stage, Dardari
The economy in Syria and the developing process are passing thorough a very important stage taking into consideration the need to merge into the international economy, Chairman of the State Planning Commission said today. Syria, Economics, 3/30/2005 - On India's consideration for gas line from Iran or Qatar
The Iran - India gas line would run thru Pakistan, while Qatar's would run under the sea, and Turkmenistan would run thru Afghanistan, Iranian official news agency IRNA reported. Regional-India, Economics, 3/29/2005 - Developing Kuwait's oil fields requires $ 8.5 billion
The Kuwaiti minister of energy, Sheikh Ahmad al-Fahd al-Sabah, said that the project of developing four oil fields in the north of Kuwait requires investments exceeding $ 8.5 billion. Kuwait, Economics, 3/29/2005 - Jordan tourism sector revenues increase
Revenues of the tourism sector in Jordan increased in 2004 in comparison with the earlier year, despite the recession in the number of visitors. This was because the visitors stayed for longer times. Jordan, Economics, 3/29/2005 - Nazif, Gasprom chairman probe bilateral cooperation in gas domain
Egypt's Prime Minister Ahmed Nazif discussed Sunday with board chairman of Russia's Gasprom Company Aleksei Miller, currently visiting Cairo, bilateral cooperation in the gas sphere. Egypt-Russia, Economics, 3/29/2005 - Private sector dominates two thirds of Egyptian cotton exports
The national Egyptian cotton exporting companies of the private sector won 60% of exports contracts to world markets, while the private Modern Nile company alone got 32% of the exports, having exported some 41,000 tons. Egypt, Economics, 3/29/2005 - Businessmen delegation to accompany Rasheed during his visit to Turkey
A delegation of Egyptian businessmen and members of the Egyptian-Turkish Businessmen Association is to accompany Minister of Foreign Trade and Industry Rasheed Mohamed Rasheed on his visit to Turkey on Tuesday. Egypt-Turkey, Economics, 3/29/2005 - Egypt's Trade with China up by 26.8% Egypt-China, Economics, 3/29/2005
- Egypt signs cooperation agreement with Intel Corp
Egypt's Prime Minister Ahmed Nazif on Monday attended in the Smart Village the signing ceremony of a cooperation agreement between Egypt and Intel Corporation. Egypt-USA, Business, 3/29/2005 - Kuwaiti fund lent Morocco about one billion dollars in past 40 years
The Kuwaiti Fund for Arab Economic Development lent Morocco, since 1966, about one billion dollars through some 30 loans, the Fund's Managing Director, Abdelwahab Ahmed Al Badr said. Morocco-Kuwait, Economics, 3/29/2005 - Istanbul-Casablanca first flight took off on Sunday
The first direct Istanbul-Casablanca flight, serviced by the Turk Hava Yollari (THY) carrier, took off on Sunday part of the company's schedule to ensure two trips weekly from the Bosphorus town to the Moroccan economic capital. Morocco-Turkey, Business, 3/29/2005 - Increase in the state's revenues in Yemen
Total revenues of the state's general treasury in Yemen increased to 808 billion Yemeni Riyals in 2004 from 672 billion Riyals in 2003. One US dollar is equal to 180 Yemeni Riyals. Yemen, Economics, 3/28/2005 - Electricity grid project for Gulf states starts September
A bid will be announced for building the first phase of the project estimated at 22 billion dollars during the two coming months. Gulf, Economics, 3/28/2005 - Iran-India pipeline to be discussed
"India's Petroleum Minister Mani Shankar Aiyar will visit Islamabad in May to discuss modalities of the 4.16 billion dollar Iran-India gas pipeline via Pakistan and other issues of bilateral cooperation in hydrocarbon sector, reported the Press Trust of India," Iran-India, Economics, 3/28/2005 - Saudi Arabia does not intend to ban foreign labor
The Saudi Arabian minister of labor Ghazi al-Quseibi stressed that there is no intention in the government to impose a ban on the recruitment of foreign labor or getting rid of those arrivals that want to work in the kingdom. Saudi Arabia, Economics, 3/28/2005 - EU to help Morocco take up challenges in textile sector
Visiting EU Commissioner for Trade, Peter Mandelson said, here Friday, the EU will help Morocco take up the challenges in the textile industry through a strategy of financial cooperation. Morocco-European Union, Economics, 3/28/2005