Economic Cooperation

US moves closer to EU position on taxing tech giants

Washington - Muslimchronicle

Washington is softening its position on European plans to impose taxes on US tech giants such as Apple and Google, officials said this week. The evolving attitude in recent days would mark a stark shift from American officials’ frustration at previous efforts by European authorities to collect taxes from Silicon Valley firms. “The United States is open to considering theRead more

China rust belt opens door wider to foreign investors

Shenyang - Muslimchronicle

Trucks carrying hi-tech car components rumble in and out the gates of an American industrial zone in the heart of China's rust belt -- using roads that the city especially renovated for the complex. While foreign firms complain about being locked out of large swathes of China's vast market, the door has cracked open a bit wider in northeastern LiaoningRead more

Investment minister, Japan amb. confer on boosting economic cooperation

Cairo - Arab Today

Investment and International Cooperation Minister Sahar Nasr met Wednesday with Japanese Ambassador to Egypt Takehiro Kagawa to discuss means of boosting economic cooperation between the two countries. Nasr said Cairo greatly appreciates Tokyo's support for the development process in Egypt. She cited Japanese programs to fund a number of national mega projects, atop of which the Grand Egyptian Museum (GEM),Read more

Czech's Minister of Industry meets Iraqi Foreign Minister

Prague - Arab Today

Czech's Minister of Industry and Trade Jan Mladic met here on Saturday with visiting Iraqi Foreign Minister Ibrahim al-Jaafari. During the meeting, they discussed prospects for economic cooperation between the two countries. The Czech minister stressed his country's support for Iraq in the reconstruction of infrastructure, oil industry and investment. Jaafari, in turn, stressed the importance of countering terrorism throughRead more

UK, Norway Agree to Enhance Energy Cooperation

London - Arab Today

The United Kingdom and Norway have agreed to enhance economic cooperation especially in the fields of energy and Electricity interconnection. In a joint statement following a meeting in Oslo, the UK Energy Minister Jesse Norman and his Norwegian counterpart Terje Soviknes stressed the close relationship between the two countries in the energy sphere. The ministers said that theRead more

Stresses extremism harms economy

Tunis - Hayah el Ghanemy

Tunisian expert Ahmed Mansour said Tunisia’s current “unprecedented and catastrophic” economic crisis has been mainly caused by the radical Islam ideologies. In an interview with Arab Today, Mansour pointed out that that rampant unemployment, especially among the young, endangers social peace and political achievements that have been accomplished in the past four years. Official unemployment climbed to 15.2 percent, comparedRead more

S. Korea, Uzbekistan Seek Cooperation in Energy, Resource

Seoul - QNA

The Finance Ministers of South Korea and Uzbekistan held a meeting Wednesday to discuss ways to bolster bilateral economic cooperation amid rising global uncertainties, the ministry said. "South Korea and Uzbekistan will foster cooperation in energy and resource sectors and strengthen our industrial partnership," Finance Minister Yoo Il-ho said in the fourth South Korea-Uzbekistan finance ministers' meeting with hisRead more

Indonesian president arrives in Tehran for talks

Tehran - ArabToday

Indonesian President Joko Widodo arrived in Iran's capital Tehran on Tuesday for talks on mutual economic and political ties, official IRNA news agency reported. A high ranking delegation, including Indonesian politico-economic senior officials, is accompanying Widodo in his visit to Iran. Widodo is scheduled to meet with Iranian President Hassan Rouhani and Majlis (parliament) Speaker Ali Larijani. The visitRead more

Egypt keen on boosting economic cooperation with Nile basin

Cairo - MENA

Egyptian government is keen on boosting prospects of economic cooperation and increasing rate of two-way trade and investments with Nile basin countries, Minister of Trade and Industry Tareq Qabil said on Tuesday. He stressed the importance of South Sudan as an outlet for the Egyptian exports as well as a key investment destination in different industrial and trade fields. QabilRead more

Russian businessmen consider boosting economic cooperation with Egypt

Cairo - MENA

A Russian businessmen delegation will pay a visit to Egypt to discuss boosting economic cooperation and investment potentials with their Egyptian peers, the Egyptian-Russian Business council said Saturday. Speaking to MENA, head of the Egyptian-Russian Business council Mona Abdel Malek said the Russian delegation will consider investment opportunities in various fields, such as machinery, energy, construction, water, and agricultural products,Read more