Arabic News Weekly Edition for Economics, 7/25/2005
Weekly Edition, Economics - Week of July 25, 2005
- Syria aims to double per capita income in ten years
The Syrian government is seeking to raise the Syrian industrial share of the Gross Domestic Production GDP to constitute 20% by 2010 as she aims at doubling the Syrian citizen income in ten years, Deputy Prime Minister for Economic Affaires Abdullah al-Dardari told first annual meeting of Hama city industry chamber. Syria, Economics, 7/30/2005 - Limited effect of European toursim travel to Egypt Egypt-European Union, Economics, 7/30/2005
- 15 agreements to prospect for oil, natural gas signed
Egypt's Minister of Petroleum Sameh Fahmi said the signature of more petroleum agreements for prospecting for oil and natural gas is considered an evidence for the world's confidence in economic and political stability in Egypt. Egypt, Economics, 7/29/2005 - Foreign reserves up to $ 18.7 billion
The cabinet's Information and Decision Support Center's monthly report revealed that inflation rate in Egypt retreated in May 2005 from 5.7 in March to 5.1 in May. Egypt, Economics, 7/29/2005 - al-Thawra: Syria offers Iraq 1000 tons of wheat
Syria officially delivered to the World Food Program (WFP) a shipment of Syrian wheat to be presented to Iraqi people who are suffering from poverty as a result of economic stagnation. Syria-Iraq, Economics, 7/28/2005 - Transport Investments in Syria to exceed 150 billions S. P
Minister of Transport Makram Obeid said Wednesday that the volume of governmental investments expected during the upcoming 10th five-year plan in Syria will exceed 150 billions S.P., among which 90 billions S.P. will be available to the private sector to participate in. Syria, Economics, 7/28/2005 - Fahmi: Mining industries expanding
Minister of Petroleum Sameh Fahmi praised the current activities to fully utilize Egypt's natural resources. Egypt, Economics, 7/28/2005 - Memo of understanding signed between Egypt, South Korea
the grant will be used for implementing 5 developmental projects, foremost of which are a project for setting up a center for programming engineering, distance learning project and a center for vocational training. Egypt-South Korea, Economics, 7/28/2005 - Rasheed: Egypt, Malaysia probe economic cooperation
Egypt's Minister of Foreign Trade and Industry Rasheed Mohamed Rasheed Tuesday held talks with a number of Malaysian officials for talks on boosting the bilateral relations. Egypt-Malaysia, Economics, 7/27/2005 - Suez Canal earned $ 3.29 billion dollars
Chairman of the Suez Canal Authority General Ahmed Ali Fadel on Tuesday said that the Suez Canal earned 3.29 billion dollars in the fiscal year 2004-2005 ending June 30, soaring 16 percent on the previous year. Egypt, Economics, 7/27/2005 - Economic reforms in Syria face huge challenges
The Syrian economy has been facing huge challenges under a low growth rate and unemployment rate estimated at more than 20%, as well as a decrease in oil production. Syria, Economics, 7/26/2005 - $ 8.2 billion real estate project in Um al-Qewin
United Arab Emirates (UAE) and Saudi Arabian investors announced that they intend to establish an ambitious real estate project at a cost of 30 billion Dirham ( $ 8.2 billion). This project is to be carried out over 15 years, and work on it will start later this year. Its first phase will last for five years. United Arab Emirates, Business, 7/26/2005 - Arab Toshiba seminar opened in Damascus
Syria's Industry Minister, Mohammad Ghassan Tayara, on Monday opened a seminar on "Arab Toshiba Company for the Electrical House Appliances" at Le Meridian Hotel in Damascus. Syria-Japan, Business, 7/26/2005 - Iran $ 1 billion to Iraq reconstruction Iraq-Iran, Economics, 7/25/2005