Monday, August 3, 2015

3 Offers to convert Egypt to the largest «Transit» Meat

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Ministry of Agriculture received 0.3 offers UAE and Saudi Arabia worth 3 billion pounds, to meet the country's need of fertilizers and the development of veterinary quarantine and massacres system.
Official sources confirmed that the ministry offers aimed at transforming Egypt into the largest "transit" center of the meat trade, and that the ministry would respond to the three presentations during the next few days, in preparation for submission to the Council of Ministers.

Lebanese Finance: State-threatening crisis in the payment of salaries in two months

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Ali Hassan Khalil said Lebanese Finance Minister, said that his country is threatened by a crisis in the payment of salaries during the next two months, due to political paralysis and the suffering that led to disable the House of Representatives and obstructing the work of the government.
Khelil said the newspaper "ambassador" of Lebanon, that the issue of payment of wages and salaries for public sector employees Lebanese began now constitute a pressure on the Ministry of Finance component, Abizaid and that in one of the ministries from now will not be able to pay salaries and this problem will be exacerbated at the end of September. He continued: "We are facing a choice of two, the first legislation in the House of Representatives, especially the Ministry of Finance prepared a draft law was sent to the House of Representatives since last March to pay salaries for other teams sanctioned budget in the House of Representatives, the year 2005 budget. He added: "The second option, is represented stop state once and for all spending, including the suspension of the decrees" includes money exchange "was issued and published in the Official Gazette and became the rights of the ministries, to the point of spending for the benefit of salaries and wages are changing, and this issue also needs to be approved by the Council of Ministers , otherwise we will be in front of the problem of payment of salaries after two months. He said that the Lebanese state have financial benefits from now until the end of this year worth one billion and US $ 300 million, including $ 500 million payment is due on the seventh of August of this, which is a religion of "Eurobond" bonds benefits will BDL Central paid. He stressed that the Lebanese Ministry of Finance was able initially to find a legal cover for all these bonds "Eurobond" through the issuance handled by the ministry, but they need the approval of the Council of Ministers in order to do the version and replacement. On the other hand, "Ambassador" newspaper reported that the debate will resume today on the export of waste to the outside option, at a time overflowed signatories Almaguetan hunters who put their capital Beirut waste, threatening renewed crisis in the streets of the city and its southern suburb. The head of the Lebanese government's "ambassador" Tammam Salam, that the export proposal considering among other proposals, explained Alan wise and Minister of Economy and Trade Lebanese newspaper, that the four German companies officially responded to the initial approval, noting that each company of which can transport forty tons per month, pointing If that is not approved for the transfer of waste to Germany, Sweden and France is also ready to cooperate in this matter. In contrast, ministerial sources Lebanese "informed Ambassador", that there is a difficulty in being able to Lebanon from the obligation minute set by the European Union to approve the import of wastes, drawing attention standards that the Union sets technical requirements for sorting and shipping, quality and the proportion of water in the waste, as well as considerations tight security increase export hypothesis complicated.

Rate of Arab and foreign currencies

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  Rate of Arab and foreign currency, according to a report of the Central Bank of Egypt, the Egyptian banks, exchange offices.
Record the purchase price of the US dollar against the Egyptian pound 7.78 pounds, while record sales price 7.8301 pounds, and record the purchase price of euro 8.5323 pounds, while record sales price 8.5991 pounds, while the British pound scored the purchase price 12.1508 pounds, and the selling price 12.2386 pounds. Arab currencies and record the purchase price of the Saudi riyal 2.0745 pounds, with record sales price 2.0862 pounds, while the purchase price of the Kuwaiti dinar reached 25.5116 and the selling price 25.8583 pounds.

«Planning»: increase in net foreign direct investment to $ 5.7 billion

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The Ministry of Planning, in a statement, that the net foreign direct investment rose to $ 5.7 billion during the nine months from July to March for the fiscal year 2015/2014, compared to about $ 3.1 billion during the same period of the previous fiscal year.
The ministry pointed out that the rise is a positive sign in the direction of attracting more foreign direct investment in the light of the economic and political stability that the country witnessed recently. The ministry added that the net foreign direct investment is witnessing a positive development during the year 2014/2013 compared to 2013/2012, which rose by about $ 300 million by about 8 percent, from about $ 3.8 billion to about $ 4.1 billion during this period. The foreign direct investment has recorded about $ 4 billion in 2012/2011, and about $ 2.2 billion in 2011/2010.

Algeria raise oil production to 32 thousand barrels with a new two fields

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Algerian Energy Ministry official said on Sunday, Algeria is a member of the Organization of "OPEC" increased crude oil production of 32 thousand barrels per day after the start of production Bhkulain new.
The official said production rose well when lions field began production of 20 thousand barrel per day in addition to 12 thousand barrels per day from the well of an elderly Hassi Messaoud field in the area. Algeria had been produced on average 1.1 million bpd in July, according to a Reuters survey. Algeria has struggled to attract foreign investment in the oil sector to increase production that has become the deadlock for years and granted licenses to only four of the 31 areas in the region posed a bidding round in September 2014. She said the Algerian national energy company Sonatrach, it is committed to a plan to invest $ 90 billion over the next five years, despite the fall in oil prices in global markets. Algeria depends on energy in 60% of the overall budget while constitute oil and gas exports 95% of total exports. Sonatrach holds a 25% stake in the well field lions, while Thai By.ty.ty.ay.by holds 35%, 40% and PetroVietnam in the field that estimated reserves of about 758 million barrels. Sonatrach holds 25% in the elderly well field, while Malaysia's Petronas owns 35%, and 40% Thiebsa Spanish in the field that reserves of 144 million barrels.

«ENOC» get support for the purchase of Dragon Oil after the submission of good offer

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Emirates National Oil Company "ENOC" lifted on Sunday, offering for the acquisition of Dragon Oil to 800 pence per share, making it the biggest win of two minority shareholders in the company's oil-producing support.
She said, "ENOC" in a statement on Sunday, it had won the support of the required majority of shareholders of Dragon Oil, it announced that the display is the best and final. The "ENOC" made earlier bid of 750 pence a share. And the need "ENOC" Dubai-based and has a stake of 54% in Dragon Oil 23% approval from other shareholders in Dragonair to move forward with the deal. She won the approval of 29.92% of the shareholders and intends to delist the company's shares soon. The statement Bali Gifford and Elliott Capital Advisors on the approval of the new offer.

Nikkei down 0.22% in early trading in Tokyo

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Nikkei index fell in early trading on the Tokyo Stock Exchange on Monday. The Nikkei fell 0.22% to 20540.21 points, while the broader Topix index rose a range of 0.01% to 1659.68 points.

Iran decide to buy 90 Boeing and Airbus aircraft annually

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The news agency quoted the Islamic Republic of Iran, a senior official in the aviation sector as saying that Iran plans to buy about 90 aircraft per year from Boeing and Airbus to update its aging fleet immediately after the lifting of Western sanctions imposed on it.
He said Mohammed Khodakramy acting head of Iran's Civil Aviation Authority "will be purchased from Iran" 80-90 "aircraft a year from my company aircraft industry giants in the first phase of the modernization of its fleet." And strengthened the nuclear deal between Tehran and world powers to raise the possibility of banking and trade sanctions imposed on Iran, may be accomplished by the end of year, which will provide an opportunity to modernize the commercial aircraft fleet with an average age 23 years and is almost double the world average. The official was quoted as saying Khodakramy "will buy aircraft from Boeing and Airbus in equal numbers," adding that Iran initially need to add 80 aircraft to its fleet at least a year, this means 300 aircraft within five years, according to Khodakramy. He said Iran would finance these purchases by mechanisms involving the lease of foreign loans and government funds. Iranian and Western aviation officials earlier estimated that Iran, which has a population of 80 million people, you need 400 aircraft in the next ten years in the status of implementation of the terms of the nuclear program smoothly and the lifting of sanctions.

US crude is witnessing its largest drop since 2008

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US light crude posted its biggest monthly decline 21% since the financial crisis in 2008 after a series of losses in July, due to the Chinese stock market and signs that the decline in top oil producers in the Middle East pumped a record high quantities of crude.
The decline in the global Brent crude 5% last week and 18% last July. Shares of other petrochemical companies and also fell sharply with the decline in the sector index 4.4%. Hui and Red Sea Housing Services shares the maximum daily limit of 10%, after the company recorded a decrease of 58% in the second quarter of the year with sales and profit margins decline and the company announced a delay in the implementation of some projects. Shares in Mediterranean & Gulf Insurance & Reinsurance Co daily maximum 10% after the company also turned to record losses in the second quarter.

Saudi Arabia's bourse down by oil

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Stock markets in the Middle East region fell on Sunday, after oil prices fell again topped the Saudi stock market, "which are strongly influenced by the petrochemical sector" losses fell to their lowest level in four months.
And dropped the main Saudi index 3.2% to 8807 points, its biggest daily loss since late March with almost all the decline in the stock on its list. Fell Saudi Basic Industries "SABIC" share a giant petrochemical production 3.9%. And it damaged the company's profits due to the fall in oil prices over the previous twelve months, and raised new drop in crude prices as investors worried.

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