Middle East Economic Briefs

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Last updated at: (Beijing Time) Sunday, March 10, 2002

Middle East Economic Briefs

The following are economic briefs from Middle East countries.

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The following are economic briefs from Middle East countries.

MUSCAT -- The multi-lateral Gulf Investment Corporation (GIC) has achieved 85 million U.S. dollars in profits in 2001, Omani Economy Minister Ahmad Bin Abdel Nabi Meki said, adding that the corporation decided to declare the dividends at 10 percent among the share holding states.

The total rights of stalk holders in the firm reached 5.541 billion dollars, the minister said, pointing out that GIC's investments in the Gulf Cooperation Council (GCC) member states totalled 337 million dollars.

The GCC member states, also GIC's shareholders, are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

DAMASCUS -- Syria's gross domestic product surged 5.9 percent to 950 billion liras (19 billion dollars) in 2001 from 897 billion liras (17 billion dollars) in 2000.

Investments in both public and private sectors amounted to 163 billion liars (3 billion dollars) in 2001 from 156 billion liras (2.97 billion dollars) in 2000, up 4.5 percent, according to official statistics.

The public and private sectors contributed 65 percent and 35 percent respectively to the total investments.

ANKARA -- A Turkish business delegation will go to China on April 2-10 to promote export products and increase the shares of export firms in foreign markets, reported the Anatolia News Agency on Saturday.

The companies, which will accompany the delegation headed by State Minister Toskay, will explore cooperation possibilities in trade and investment sectors with firms in China.

The delegation is also expected to visit two fairs in Beijing and Shanghai.

ANKARA -- A big businessmen delegation led by State Minister Sukru Sina Gurel will leave for Afghanistan next week to try to get a share from the reconstruction activities in the country, reported the Anatolia News Agency on Saturday.

The delegation will hold contacts with concerned Afghan ministers and representatives of international organizations, to examine working and living conditions, and to get information about the reconstruction work there.

ANKARA -- Turkish company Eta Kablo has won the 67-million- dollar worth cable tender opened by Syria, reported the Anatolia News Agency on Saturday.

Eta Kablo announced that it would provide cables for a telephone network which will serve 1,650,000 subscribers.

This was the first time for a Turkish cable company to win a business of this size in the Middle East.

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