Arabic News Weekly Edition for Economics, 8/29/2005
Weekly Edition, Economics - Week of August 29, 2005
- Oil market eases as US, other countries release emergency oil
The global oil market has calmed on reports that the United States and other countries are releasing oil and fuels from their emergency reserves, while energy companies affected by Hurricane Katrina slowly are resuming operations. Regional-USA, Economics, 9/3/2005 - Iran - India consulting company to look into gas pipeline
Iran's Foreign Minister Manouchehr Mottaki "in a meeting with his Indian counterpart Natwar Singh here Saturday announced that the project on transfer of gas from Iran to India via Pakistan has been finalized and various committees are now working on its executive strategies," the official Iranian news agency IRNA reported today. Iran-India, Economics, 9/3/2005 - Syria considers real estate agent licensing Syria, Economics, 9/2/2005
- Qatar joint investment company with Syria
Qatari Crown Prince Tamim Bin Hamad Al-Thani ratified on Tuesday the agreement to build the Syrian-Qatari Company For Investment. Syria-Qatar, Economics, 8/31/2005 - Exports up by LE 2.7 billion in 5 months
Egyptian exports increased in the first five months of the year by LE 2.7 billion to hit LE 21.7 billion compared to LE 19 billion in the same period last year. Egypt, Economics, 8/31/2005 - CBE asserts improvement of economic performance
Bank credit facilities, except the CBE, total lending and discount increased in May to LE 307.7 billion from LE 296.1 billion for the same month last year. Egypt, Economics, 8/31/2005 - Egyptian trade delegation to attend Arab-Russian Business Council meetings
The volume of Egyptian-Russian trade exchange doubled in the first half of 2005 to be US $ 370 million, the same value of the whole past year. Egypt-Russia, Economics, 8/31/2005 - Business Week: Egyptian investment attracts international companies
The US magazine Business Week praised the investment climate in Egypt pointing out that despite the recent bombings in the resort town of Sharm al-Sheikh, executives in Egypt say they are seeing a degree of confidence on the part of consumers and investors that has been absent for several years. Egypt, Economics, 8/30/2005 - US Congress to address draft of Egyptian-US free trade agreement
The US Administration will put forward the draft to the Egyptian-US free trade agreement to the Congress by the end of the current year, Egypt's Foreign Trade and Industry Minister Rashid Mohamed Rashid said. Egypt-USA, Economics, 8/30/2005 - Egypt to implement 6 tourist projects in Yemen
Yemen and Egypt signed six agreements on preparing engineering studies and designs to implement six tourist projects in Yemen. Egypt-Yemen, Economics, 8/30/2005 - Syria-Croatia sign gas agreement
The Syrian Ministry of Petroleum and Mineral Resources Sunday evening signed an agreement to sell the produced gas by the Croatian Company INA and the two Syrian companies for oil and gas. Syria-Croatia, Economics, 8/30/2005 - Two agreements to prospect for oil and natural gas signed
Egypt's Minister of Petroleum Sameh Fahmi signed two agreements between Egyptian General Petroleum Corporation and four foreign companies to prospect for oil and natural gas in Western Desert and the Suez Gulf. Egypt, Economics, 8/30/2005 - Syrian humanitarian aid convoy for the Palestinians Syria-Palestine, Economics, 8/30/2005
- New facilities to increase granite and marble exports Egypt, Economics, 8/30/2005
- First official strike by foreign workers in Qatar
Some 600 foreign workers working in the field of construction in Qatar observed a work strike in the first official workers strike since the beginning of enforcement of the new Qatari constitution in June 2004 which approved the right to strike. Qatar, Economics, 8/29/2005 - Southern Sudanese airport to be renovated
The World Food program announced that it had handed over one airport in Rumbik city south of Sudan to the authorities in order to facilitate the transport of humanitarian aid to the same area. Sudan-UN, Economics, 8/29/2005 - $335 million worth of trade volume with Lebanon Egypt-Lebanon, Economics, 8/29/2005