| World leaders agree on action plan for reform (17-11-2008) |
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World leaders, meeting for a crisis summit have agreed on an action plan to restore global growth and prevent future financial upheaval, while promising new spending plans, a trade deal and a set of reforms.Afinal statement from the leaders after one of the biggest international economic gatherings in years pledged responses on a number of fronts, ...
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with another meeting scheduled for April to flesh out policies. Government spending plans are to be used to reverse immediate economic decline.....
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| Agadir countries sign textile protocol (17-11-2008) |
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A PROTOCOL for establishing The Regional Society for Textile and Garments Sector of the Agadir Agreement member countries was signed yesterday in Cairo.The protocol, which was signed on the first day of a Specialised Regional Economic Forum for Textile and Garments Sector, aims at promoting tex-tile industry and exchange of expertise among Egypt, Jordan, Tunisia and Morocco....
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The Agadir Agreement was launched in Morocco in 2001. However, member countries did not sign it until 2004. It aims.....
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| Retail enthusiasm buoys bourse (12-11-2008) |
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Egyptian stock indexes rose yesterday, energised by heavy buying across the board by retail investors riding a wave of renewed confidence in the market as global stocks surged, brokers said.The benchmark CASE 30 index gained 2.44 per cent to close at 5,363.59 points, while the rival Hermes index gained 2.62 per cent to 486.02 points. The broader CIBC 100 index gained 2.25 per cent to 299.77 points, Reuters said."Markets are rallying around the world," said Hashem Ghoneim of El Nour Securities. ".....
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| World powers agree on need to boost growth (10-11-2008) |
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The world`s leading economies, including emerging powers like China, agreed on Saturday on the need to take measures to stimulate growth and fight off the threat of a global recession....
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Central bankers and other top govern-ment officials from countries representing most of the world`s economy hammered out proposals for their leaders to take to an emergency summit on the financial crisis next weekend in Washington.Brazil, Latin America`s largest econo-my, pressed the case for emerging heavy.....
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| OPEC still worried about demand (09-11-2008) |
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OPEC is not actively considering cutting production again as oil markets are still volatile, but the cartel could opt to meet before its next scheduled meeting in December, Libya`s top oil official said yesterday....
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Shokri Ghanem also warned that continued low oil prices - which fell below $60 a barrel for the first time in a year and a half yesterday - could force companies to cancel new projects, risking a shortage of oil in two years. Oil dropped briefly below $60 a barrel before bouncin.....
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| Bahrain bank mulling private equity deals (09-11-2008) |
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Newly-launched First Investment Bank is working on five private equity deals each worth $50 million to $1 billion, and expects Egypt to top the region for such deals, the Islamic lender`s chief executive said....
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The newcomer wants to capitalise on the tightening of the region`s money markets faced by established banks."The Bahrain-based bank is looking at three deals in its main focus region of Middle East and North Africa, and two deals outside of that region. Each of the deals ranged from.....
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