Arabic News Weekly Edition for Economics, 8/15/2005
Weekly Edition, Economics - Week of August 15, 2005
- Egypt sets up anti-monopoly body Egypt, Economics, 8/20/2005
- Egyptian exports to US up
The volume of Egyptian exports to the US witnessed a 52 percent increase during the first five months of fiscal year 2005. Egypt-USA, Economics, 8/20/2005 - New Indian investments in fertilizer production plants in Egypt
India's ambassador to Egypt S.J. Singh said that executive steps were being taken to establish a factory to produce phosphoric acid in Edfu, Upper Egypt, with Indian investments amounting to 350 million dollars. Egypt-India, Economics, 8/20/2005 - Egypt, Turkey tackles future electricity cooperation Egypt-Turkey, Economics, 8/20/2005
- Arab energy network key to Turkey ties
The ongoing multi-national energy network expansion is considered as a cornerstone in increased cooperation between the Arab states and Turkey. Egypt-Turkey, Economics, 8/19/2005 - al-Thawra: Saudi tourism to Syria great growth
The official numbers pointed out that the number of the Saudi tourist headed for Syria during the first six months of this year reached 155,000 tourists compared with 122,000 in 2004 and 75,00 in 2003 Syria-Saudi Arabia, Economics, 8/19/2005 - Egypt membership in International Federation of Stock Exchanges
This was discussed yesterday by Minister of Investment Mahmoud Mohie Eddin when he met with an IFSE delegation which lauded the recent performance of the Egyptian Stock Exchange. Egypt, Economics, 8/19/2005 - Syrian signs oil and gas exploration contract with Canada and Kuwait
Syria signed a contact for oil and gas exploration with a Canadian and Kuwaiti companies in the west of Palmyra old city among the territories stretching between the Homs and Hama governorates, central Syria, SANA said today. Syria-Canada, Economics, 8/19/2005 - Nazif reviews boosting cooperation with Lebanon Egypt-Lebanon, Economics, 8/19/2005
- Nazif considers Cairo antiquities renovation Egypt, Economics, 8/19/2005
- Egypt privatization revenues hit LE 5.6 billion
Egypt's Minister of Investment Mahmoud Mohi Eddein said that revenues of sales of companies that have been privatized so far hit LE 5.6 billion pounds during the fiscal year 2004/2005. Egypt, Economics, 8/18/2005 - Fahmi: Oil prices hike poses serious threats to world economy
Egypt's Minister of Petroleum Sameh Fahmy said that the hikes of oil prices pose grave threats to the world economy since all the development programs are to be affected seriously by this increase. Egypt-Regional, Economics, 8/18/2005 - Dubai re-exports to Iran reach 35 percent of total
"Iran has absorbed 35 percent of Dubai re-exports volume in the first quarter of 2005. The Dubai television said that in the period over $ 2.2 billion of goods were exported to Iran," IRNA reported. United Arab Emirates-Iran, Economics, 8/18/2005 - El-Leithi: Joint farms with 14 African countries
"Preparations are underway to set up 14 joint farms with 14 African countries including Kenya, Ethiopia, Uganda, Congo, and others," said Egypt's Minister of Agriculture and Land Reclamation Ahmed El-Leithi. Egypt-Regional, Economics, 8/18/2005 - US fines Arab Bank for poor money-laundering controls
The US Treasury Department has fined a New York branch of a Middle Eastern bank for noncompliance with the U.S. law against money laundering. Jordan-USA, Business, 8/18/2005 - PM calls for protecting Fayoum ecological sites
"A comprehensive investment plan for all Fayoum Governorate's natural and heritage sites is urgently needed," Prime Minister Ahmed Nazif said Tuesday. Egypt, Economics, 8/18/2005 - Israeli businessmen visit Cairo to activate QIZ agreement
An Israeli delegation of five businessmen arrived in Cairo Tuesday on a lightning visit to Egypt. Egypt-Israel, Economics, 8/18/2005 - Oil exploration agreement in Palmyra Syria-Kuwait, Business, 8/18/2005
- Egypt seek to foster traditional craftsmaship Egypt, Economics, 8/18/2005
- Iraq reconstruction hinges on constitution, reforms
The pace of reconstruction in Iraq and the recovery of its economy will depend to a large degree on the adoption of a national constitution and the progress of economic reforms, an International Monetary Fund (IMF) official said. Iraq, Economics, 8/17/2005 - Investments in Syria hit sp 124 billion first half of 2005
A senior investment official announced on Tuesday that total investments in Syria during the first half of 2005 reached at SP 124 billion, where foreign capital contributed 23% of it, "a matter that reflects the increased confidence in the Syrian economy." Syria, Economics, 8/17/2005 - Syria, Egypt to carry out 3rd step of Arab natural gas pipeline
Syria and Egypt agreed Monday on setting up an establishment to carry out the 3rd step of the Arab natural gas pipeline which extends from Jordanian Rihab region to the Syrian city of Homs and then to the Syrian-Turkish borders. Egypt-Syria, Economics, 8/16/2005 - Syria, Lebanon to implement electricity network sharing
Syria and Lebanon discussed Sunday the joint cooperation and implementation of in the electricity network cooperation. Lebanon-Syria, Economics, 8/15/2005 - Arab gas project almost complete
Cairo is to host Monday a ministerial meeting involving Egypt, Jordan, Syria and Turkey to address the latest developments concerning the Arab natural gas pipeline project. Egypt-Regional, Economics, 8/15/2005 - Rasheed: Unified import-export data Egypt, Economics, 8/15/2005
- Eritrea will need food aid through 2006
Just over half of this year's $156 million appeal for Eritrea has come in or been pledged and despite a good main rainy season so far after five years of drought, the Horn of Africa country will need food aid throughout 2006, according to a United Nations assessment of the situation up to the end of July. Eritrea-UN, Economics, 8/15/2005