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Snippets
Israel cute off power toWBPakwtiniam
JERUSALEM. Mar •: l.racls national electricity L^£72O.a)o7^hab*Zte of
town of Hebron brfax of un ptod MS. an MM W here roTuewfay
The municipal authorttlr* have a debt of I 260 000 Shekel. (630 000 Dollar.)
spokesman Am Ravi* told Agrrwe France Prelaw
Kuwait to become nuMor borrower
BAHRAIN. Mar 6: The Kuwait government ta ex-
lla huge foreign reserves and Investment* estimated more than 100 MIHon Dollar*, according to financial experts, reports ITI.
Kuwait Finance Minister Sheikh Ah Ai Khalfia M Sabah In a radio Interview st re Med that bls country will not re sort lo selling Its mujnr foreign Investment* to finance rerun stnxtkin. S Arabia, Egypt to buy 5000 Korean vehicles
SEOUL Mar 6: SaudtArabia and Egypt haw ordered1 more than 5.000 vehicles from South Korea s Asia Motors Co for some 136 millton Dollars since the ceasefire tn the Gulf, the company said Tuesday
The Saudi order of 1.100 trucks would be around 100 million Dollars, while the Egyptian order of 4.000 jeeps 1 would be some 36 million Dollar*, said a company spokesman.
Cost of Gulf war
less than $ 70b
WASHINGTON. Mar 6: The cost of the Gulf war will be less than 70 billion Dollars. of which tltc United States, will pay 15 billion Dollars If foreign commitments arc paid. White House Budget Director Richard Darman said on Tuesday, reports Reuter.
Darman told the lipuse of Representatives Ways and Means committee tluit foreign commitments totalled 54.5 billion Dollars, leaving less than 15 bilHon Dollars for lite United slates to pick up.
Iraqi macle OPEC Dy Secretary Gen
IX)NOON. Mar 6: Ramzi Salman, former number two in Iraq's delegation to the Organisation of Petroleum Exporting Countries, will take up his post as Deputy Secretary-General of OPEC on Wednesday. OPEC secretarial sources said on Tuesday. reports Reuter.
Salman, a director of Iraq's oil marketing arm (SOMO). was elected to the position tn July, days before Iraq's invasion of Kuwait, the position 'carries a threc-ycur tenure.
Share prices up in Tokyo
TOKYO, Mar 6 : Share prices gained ground on the Tokyo Stock Exchange Wednesday with the 225- Issue Nikkei Stock Average closing 469.51 Yen or 1.8 per cent higher at 26.382.99 Yen. reports AFP.
The broader-based Tokyo Slock Price Index of all issues in ihe major first section ended 29.23 points higher at 1.958.21. Swiss bid for IMF membership on
ZURICH. Mar 6; Switzerland said on Tuesday it would go ahead with its application for International Monetary Fund membership even though It had been offered lens voting power than it wanted, reports Reuter.
The Finance Ministry said an IMF membership committee had recommended a Swiss membership quota of 1.7 billion Special Drawing Rights (2.4 billion Dollars), ralher than the 2.1 billion SDRs (three billion Dollars) Switzer land IukI sought .
Oil prices up
NEW YORK. Mar 6: 011 prices inched up Tuesday, as fears of dwindling supplies of gasoline drove the market htgiicr for a seventh straight session, reports Al’.
Traders remained concerned about refining capacity for gasoline, largely because uf a Brazilian oil workers strike. stolen
$6m stolen from bank found
RIO DE JANEIRO (Brazil). Mar 6: Police discovered nearly six million Dollars In cash stolen during Brazils biggest bank heist buried In suitcases on a northeastern beach, according lo a TV news •reports, report* AP.