Arabic News Weekly Edition for Economics, 9/12/2005
Weekly Edition, Economics - Week of September 12, 2005
- Greater merger among Egyptian banks
A decision has been taken to implement a program to restructure banks and cut down their number from 56 banks to 37. Egypt, Economics, 9/17/2005 - Egypt among best ten countries enhancing business activities
In statements to Al-Ahram daily, Michael Klein, World Bank/IFC Vice President for Private Sector Development and IFC Chief Economist said that it was the first time to see real efforts being exerted to reform project-establishing measures by a new Egyptian team of economists assuming responsibility. Egypt, Economics, 9/17/2005 - Syria, Lebanon, Jordan kick off environment protection project
The integrated project to deal with waste that result from olive pressing among Syria, Lebanon and Jordan was launched yesterday in Beirut to overcome problems due to traditional ways of pressing and handling its effects on the environment. Fertile Crescent, Economics, 9/17/2005 - Two oil discoveries in the Mediterranean and Mansoura
The confirmed reserves of the first discovery will reach 5 trillion cubic feet of natural gas. Egypt, Economics, 9/17/2005 - Syria ready to finalize association agreement with the EU
Syria announced on Thursday full readiness to finalize the association agreement with the European Union and to merge with the world economy. Syria-European Union, Economics, 9/16/2005 - Suez Canal $304 million in August income
Fadel was speaking at a ceremony marking the 49th anniversary of the Egyptian pilots Day. He put at a total of 1.2 billion dollars the cost of an operation to deepen the major waterway to 66 feet. Egypt, Economics, 9/16/2005 - Syria's first metal sheets production and coating plant
Syria's Minister of Industry, Mohammed Ghazi Tayyara, opened yesterday the first plant of its kind in the Middle East for production and coating of metal sheets. Syria, Economics, 9/16/2005 - Egypt to mechanize rice cultivation
Egypt and South Korea have inked a technical cooperation protocol to mechanize rice cultivation and harvest in Egypt. Egypt-South Korea, Economics, 9/16/2005 - Egypt, France sign agreement on oil and gas exploration in Mediterranean sea
Egypt's Minister of Petroleum Sameh Fahmi on Thursday affirmed the strength of political and economic ties binding Egypt and France as they have established strong cooperation relations, especially in the fields of oil and natural gas. Egypt-France, Economics, 9/16/2005 - Egypt oil exports reach $5.5b
Minister of Petroleum Sameh Fahmy said Egypt has become in the very heart of world interest as a natural gas exporter that has a waiting list of demands by several countries on Egyptian gas supplies. Egypt, Economics, 9/15/2005 - Egypt, Russia to up trade exchange
The ambassador said Egypt-Russia trade exchange volume in 2004 hit $ 400 million, double the year before. Egypt-Russia, Economics, 9/15/2005 - Syrian Omani agreement to ease trade Syria-Oman, Economics, 9/15/2005
- al-Thawra: Syrian-Lebanese water cooperation
"The Syrian-Lebanese Water Committee is to resume deliberations on Thursday to discuss the stages of establishing a dam on the River Orontes in Lebanon and another on the Syrian Southern Great River according to an agreement between the two sides to ensure the necessary credits equally," The Syrian daily al-Thawra said Tuesday. Syria-Lebanon, Economics, 9/14/2005 - Bahrain, Oman confirm Abu Dhabi withdrawal from Gulf Air
Both Bahrain and the Sultanate of Oman on Tuesday confirmed that Abu Dhabi emirate will withdraw from the regional carrier, Gulf Air, which is equally owned by the three governments. United Arab Emirates-Gulf, Economics, 9/14/2005 - Kuwait stock market at highest level due to oil
Kuwait's stock market indicator on Tuesday increased to more than 10,000 points, the highest level since the foundation of the Bourse. This was attributed to the increasing oil prices. Kuwait, Economics, 9/14/2005 - No American pressure on Egypt for not cultivating wheat
Deputy Chairman of American Wheat Board for the Middle East and East Africa announced that a $ 200 million long-term credit line for Jordanian, Lebanese and Egyptian importers was approved to facilitate wheat imports from the US, pointing out that this line comes within the framework of facilities extended by the US to activate wheat exports. Egypt-USA, Economics, 9/14/2005 - Saudi Arabia ready to deal with all WTO members
Saudi Arabia's minister of commerce and industry Hashem Yamani said that it will deal with all member states of the World Trade Organization, after joining in, according to agreements of the said organization. Saudi Arabia-Israel, Economics, 9/14/2005 - Tourism ministers of Egypt Israel, Jordan,and Palestine meet in Hurghada Regional, Economics, 9/14/2005
- Syrian- Omani cooperation relations
Omani Minister of Economy, Ahmad Bin Abdul Nabi Makki, stressed importance of boosting existing relations between his country and Syria, particularly in the economic and trade fields. Syria-Oman, Economics, 9/13/2005 - Fuel shortage slashes UN food airdrops to hungry in southern Sudan
A crippling shortage of jet fuel has slashed the airlifting and airdropping of food aid in southern Sudan at the height of the annual hunger season, cutting deliveries by half at the worst time of the year, the United Nations World Food Program (WFP) reported today. Sudan-UN, Economics, 9/13/2005 - Farouq Hosni :Qusser monuments on Egypt's tourism map Egypt, Economics, 9/13/2005
- News on Abu Dhabi intention to withdraw from Gulf Air
Sources in the Gulf Air on Monday disclosed that the Abu Dhabi Emirate intends to withdraw its share from the Gulf Air. United Arab Emirates-Bahrain, Business, 9/13/2005 - Trade between Egypt, India up to $813.6 million
Trade exchange between Egypt and India remarkably increased in spite of the decline of Egyptian exports to India. Egypt-India, Economics, 9/12/2005 - 500,000 Americans visit Tutankhamen exhibition in USA
A half million Americans visited Tutankhamen exhibition being staged at Los Angeles Museum for Arts during the past three months, setting a record for the people entering the exhibition. Egypt-USA, Economics, 9/12/2005