Xinhua world economic news summary at 1330 GMT, Aug. 6
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NEW DELHI -- Indian Prime Minister Narendra Modi on Sunday virtually launched a project of redeveloping 508 railway stations across the country at an estimated cost of 250 billion Indian rupees (over 3 billion U.S. dollars) to provide better facilities to the commuters.
The redevelopment of railway stations would include better seating arrangements on platforms, upgraded waiting rooms, and free Wi-Fi connectivity. (India-Railway Stations-PM)
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LA PAZ -- Bolivian President Luis Arce said on Saturday that his country recorded the lowest inflation rate in the South American region in the first half of the year.
The country also maintained stable purchasing power and decreased urban unemployment rate to 4.2 percent as of April. (Bolivia-Inflation-Lowest)
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CAIRO -- Egyptian President Abdel-Fattah al-Sisi held talks on Saturday with the President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan in Egypt's New Alamein City, where they discussed further economic cooperation between the two countries.
The two presidents addressed ways to strengthen "the frameworks and mechanisms of joint cooperation between the two countries, including in the economic and development fields," the Egyptian presidency said in a statement. (Egypt-UAE-economic cooperation)
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TEHRAN -- Iran's newly-appointed Ambassador to Saudi Arabia Alireza Enayati said expansion of bilateral economic cooperation will be the priority of his mission.
He made the remarks in an interview with Iran's IRIB news agency published Saturday, in which he commented on the latest developments regarding the resumption of operations of the Iranian embassy. (Iran-Saudi Arabia-Relations)
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TEHRAN -- Iran's newly-appointed Ambassador to Saudi Arabia Alireza Enayati said expansion of bilateral economic cooperation will be the priority of his mission.
He made the remarks in an interview with Iran's IRIB news agency published Saturday, in which he commented on the latest developments regarding the resumption of operations of the Iranian embassy. (Iran-Saudi Arabia-Relations) Enditem
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