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The most important Economic news and the Arab world / economic report

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Panhead

Panhead
Admin

The most important Economic news and the Arab world / economic report

INA / l. هـ E

30/12/2010 10:00am 30/12/2010 10:00 am

World markets have seen changes in the market and economies affected by the specter of global financial crisis and the unprecedented rise of the currency market and the instability of oil prices we observe in the context of the report the following:

BAGHDAD - The head of the Federation of Iraqi Chambers of Commerce Jaafar al-Hamdani on Wednesday that Iraq will join soon to the Union of Chambers of the GCC during a meeting of the heads of the Federation of GCC which will be held soon.

Hamdani said in a statement to the reporter (and the Iraqi News Agency Information / INA) that he will be in Union meeting next change the name of the Federation of Chambers of the GCC to the Federation of GCC Chambers, pointing out that the drop that occurred in 1990 shot down Iraq's membership of this union, but returned today to be in the General Secretariat of the Council and the president in his works, pointing out that the reconstruction of Iraq to the Union gives him a huge advantage in the global economic circles and works to encourage investment companies to get into Iraq.


The name of the Union has been around from the Federation of GCC Chambers of Commerce and the Federation of Chambers of the Gulf Cooperation Council after the toppling of Iraq's membership by the Federation in 1990.

Sana'a - Yemen signed the Arab Fund for Economic and Social Development initially in Sanaa yesterday, two agreements to help finance the completion of the project through the Dhamar Husseiniya and funding the third phase of major intersections in Sana'a at a total cost of up to $ 77 million.

Two agreements were signed for the Yemeni side, Deputy Prime Minister for Economic Affairs and Minister of Planning and International Cooperation Abdul Karim Ismail al-Arhabi and the Fund's Legal Counsel Arab Fund for Economic and Social Development Conqueror Shazli.

Arhabi praised the contribution made by the Arab Fund for Economic and Social Development to support and strengthen the development paths in Yemen, valuing the Fund's keenness to meet the priority needs of development in Yemen.

For his part, Chadli keen Fund to continue to provide all aspects of the support available to Yemen, referring to the progressive development witnessed by the existing relations of cooperation between Yemen and the Fund.

Under the first agreement to allocate the equivalent of $ 42 million to help finance the completion of the project through the Dhamar Husseinieh.

The project aims to improve road transport services by linking the central region in Yemen in the Western Region and to contribute to linking areas of high population density experienced by the project to break the isolation of these disadvantaged areas and to facilitate the process of linking them together.

Doha - Qatar's stock market closed at the end of trading yesterday to a high of 18 points to settle the index level of 8664 points.

Contributed to this increase, the performance of most sectors of the market while the volume of circulation 7.14 million shares, amounting to 4.493 million QR and implemented through 5405 transactions.

The number of companies that rose in trading today, shares of 22 companies were offset by lower shares of 12 companies, while preserving shares of six companies to close the former.

Berlin - Register the exchange rate of a common European currency (euros) during the circulation in the German stock exchange yesterday, a slight decrease when it was 3130.1 U.S. dollars compared to the exchange rate was 3195.1 U.S. dollars.

He described the movement in the stock market, traders dealing in a press statement that it is slow and quiet at the same time noting that the selling and purchasing operations will remain low until the end of this year and early next year.

With regard to the major stock indexes have achieved despite the calm controlled with a modest profit index (DAX), including the biggest profit rate of 19.0 percent to reach 6985 points, while the profit index of medium-sized companies (MDAX) 17.0 percent to 10,098 points. Turn index advanced technologies (Tekdaks) profit rose 03.0 percent to reach 849 points.

. London - Oil steadied near its highest level in two years at about $ 91 a barrel on Wednesday ahead of inventory data. And landed contracts for light sweet crude for February delivery at the New York Mercantile Exchange (NYMEX) 39 cents to 91.10 dollars a barrel while Brent crude Brent up 43 cents at 93.95 dollars a barrel. And knocked all of them minor gains made earlier with the rise of the dollar level.

TOKYO - Japanese shares fell in early trading on Wednesday under pressure from the rise of the Japanese yen, but is expected to receive support from the Japanese stocks to the purchase of fishing stocks were undervalued. The Nikkei index fell for the shares of major Japanese companies rose 10.40 points, or 0.1 percent, to 10282.23 points in the first minutes of trading on the Tokyo. The index fell broader TOPIX was 0.1 percent, to 902.34 points.

ت / ل . T / L. هـ /ع.أ E / p. A

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67 Warrior

67 Warrior

Thanks Pan, good read. Maybe we see some good movement in 3 to 6 months. Guess those that preached years end are out jumping off tall buildings today. Hope you and yours have a Great 2011..Warrior

Panhead

Panhead
Admin

A lot sooner than that 67......quiet a bet sooner my friend!

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