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Financial Corporation "Sistema"

January 22, 2004

First session of Russian and Arab Business Councils to take place

Moscow, 22 January 2004. A high-level Russian delegation will visit Egypt later this week for the first joint session of Russian and Arab nation business leaders. Evgeny Primakov, the president of Russian Chamber of Commerce and Industry, will head the Russian delegation which has been invited by the General Federation of Egyptian Chambers of Commerce. The delegation includes the representatives of Russian Chamber of Commerce and Industry and members of the Russia-Arab Business Council representing various sectors of the Russian economy. The first joint session of the Russian-Arab and Arab-Russian Business Councils, under the patronage of Atef Obeid, Prime Minister of the Arab Republic of Egypt, will take place on 24 January in Cairo. Vladimir Evtushenkov, Chairman of the Russian-Arab Business Council, and business leaders from Russia and 22 Arab states will participate in this session. General issues of trade and economic relations will be discussed at the session. The Russian delegation will meet Egyptian President Hosni Mubarak, Prime Minister Atef Obeid and several of his ministers. Negotiations between Russian and Arab business representatives and the heads of Chambers of Commerce and Industry of several Arab countries are also planned. The Russian-Arab Business Council founded by the Chamber of Commerce and Industry of the Russian Federation, was established in August 2003 in order to implement tasks stemming from inter-government treaties and agreements between Russia and the Arab countries and with the purpose of promoting contacts between the business communities of Russia and the Arab region with a view to improving cooperation and mutually beneficial economic relations. The starting point in the development of RABC was conclusion of the Agreement of Cooperation by the chairman of the Chamber of Commerce and Industry of the Russian Federation and President of the Chambers of Commerce, Industry and Agriculture of the Arab Countries Khaled Abu Ismail. The two sides have agreed to establish two permanent business councils: the Russian-Arab Business Council in Moscow and the Arab-Russian Business Council in Beirut. The largest Russian companies (“RAO UES”, “SUAL-Holding”, “LUKoil”, “Aeroflot”, “Vneshtorgbank”, among others) are RABC members. Further information: Russian-Arab Business Council Moscow tel.: 929-0313 fax: 929-0255 E-mail: tnalin@tpprf.ru

 

 

 

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