Home About Kuna Advertise Contact Us Kuna's Bureaus Services Term Of Use
Register Login
facebook Twitter Youtube rss
14th meeting of GCC officials on wildlife protection kicks off      KUNA will be publishing its year-end report regarding major local events in 2014, on Tuesday      Amiri Diwan mourns spouse of His Highness Sheikh Jaber Al-Mubarak
  The arab economic summit
Egyptian economists laud Arab economic summit in Kuwait
07/11/2008   |   05:14 PM | Arab News
تصغير الخطالشكل الأساسيتكبير الخط
CAIRO, Nov 7 (KUNA) -- Two Egyptian economists indicated Friday that the upcoming Arab economic summit in Kuwait next January could afford Arab states a golden opportunity to bypass the current global financial meltdown through agreements to establish intra-Arab projects to revive the region's economic picture.
Chairman of the economic committee at the Egyptian parliament Mustafa al-Saeed acknowledged the enormity of the financial crisis gripping the world and attributed it in a great part to overcosumption by the American citizen in such a way that has overburdened the American budget, which has been in recent times reeling from rampant expenditure.
This has led the US to borrow from others in a bid to balance the budget or at least address the deficit in it, he said.
Former chairman of Egypt's Ahli Bank, Mahmoud Abdulaziz, sounded quite sure that the world financial crisis would not in any way affect his country, bragging that Egypt's banks are not within any danger or risk of default.
Underscoring the notion that the Egyptian financial system is not a reflection of that in the US, and therefore could not be affected by the latter's gyrations, he however called his country's government to reduce interest rates as a measure of energizing the economy.
He furthermore affirmed the necessity to have an open free market in Egypt with strong financial institutions that could easily fund vital economic projects without any red tape impediments. He asked that tariffs be eliminated at free trade zones. (end) bna.ajs KUNA 071714 Nov 08NNNN
 Print
  Email
 Save
Share
Share
Honoring Kuwait 2014


KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

kuna magazien


Most Read Most Emailed  
1.   Italian PM does not rule out military intervention in Libya
2.   Kuwait Energy announces new oil discovery in Egypt
3.   Kuwait crude oil price down to USD 53.77 pb
4.   Air ambulance initiative in Kuwait to save lives -- official
5.   Kuwait crude oil price down to USD 56.70 pb
6.   Instagram valued at USD 35 billion -- Citigroup
    Photo Gallery

Rapporteur of Kuwait Billiard and Snooker Committee Mohammad Al-Suleiman

Equestrian Al-Azemi wins endurance horse race

Assistant Undersecretary of the Ministry of Interior for Learning and Education Major General Sheikh Faisal Nawaf Al-Ahmad Al-Sabah

Kuwait News Agency (KUNA) Board Chairman and Director General Sheikh Mubarak Al-Duaij Al-Ibrahim Al-Sabah with Chairman and Editor-in-Chief of Egypt's Middle East News Agency (MENA) Alaa Haider

Haila Al-Makimi

His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

Dr. Adeeba Al-Harban

the photo-sharing application "Instagram"

Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah

Kuwait's Minister of Education and Higher Education Bader Al-Essa

UN Secretary General Ban Ki-moon

EU High Representative Federica Mogherini

European Parliament President Martin Schulz

Head of the Red Crescents Societies of the Gulf Coopertion council (GCC) Issa al-Ishaq distributing relief aid to Syrian refugees in Lebanon

Head of the Red Crescents Societies of the Gulf Coopertion council (GCC) Issa al-Ishaq

OPEC

First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah

Minister of Commerce and Industry Dr. Abdulmohsen Al-Madaj

His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah attends Crown Prince Football Cup final
Publications

WEATHER
PRAYER
CURRENCIES
KUWAIT AIRPORT
    Calendar
About KUNA KUNA SERVICES USEFUL LINKS KUNA ARCHIVE KUNA PUBLICATIONS
Home
About Kuna
Advertise
Contact Us
Kuna's Bureaus
Services
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA training center
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Job Application
Careers
Arab News Agencies
International News Agencies
Governmental Institutes
Banks in Kuwait
News Paper
Local Companies
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Events
Training Sessions
Videos
All KUNA right are reserved © 2012. This site is designed and published by IDS