Hope and fear as tourists trickle back to Kashmir town after attack    Spain and Portugal scramble to restore power as officials chase cause of outage    Israel spy chief to step down after row with Netanyahu exposes deepening rifts    Saudi, Omani foreign ministers visit Rub' Al-Khali border crossing    From his own resources... Luminous lessons in leadership and humanity    Commerce Ministry recalls 6,500 Genesis cars due to risk of fire    Royal Institute of Traditional Arts implements Saudi-Chinese cultural exchange program    Localization in Saudi military industries rises to 19.35%    Logistics park for vehicles worth SR300 million to be set up at Dammam port    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Prince Sultan University launches first bachelor's program in language and media    Putin announces three-day Russian ceasefire in Ukraine from 8 May    Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Angolan and German leaders agree on cultural and economic ties
Published in Saudi Press Agency on 27 - 02 - 2009

Angola and Germany are to sign a cultural agreement Friday to promote the German language and bilateral ties originating from a legacy of allegiance with the former East German state (GDR), DPA reported.
Speaking during a visit to the German capital by Angolan President Jose Eduardo dos Santos, Chancellor Angela Merkel said, "we have a good relationship, as a result of Angolans who came to the GDR for their education and in part also to work." "Many Angolans, living in Angola now know the German language and culture," Merkel added.
The agreement includes plans to open a branch of Germany's cultural ambassador, the Goethe Institute, in Angola.
Economic issues were also the order of the day, and dos Santos stressed the importance for the Angolan economy to diversify. The economic crisis, dos Santos said, was negatively impacting the price of Angola's natural resources.
"Our biggest worry is the drop in revenue in the state budget, as a result of the drop in prices in the sale of petroleum and diamonds," the Angolan president said.
This, he said, had a negative impact on public investment programmes the country had planned, but now lacked adequate financial means to carry out.
For this reason, dos Santos said, Angola has requested funding from Germany and other countries.
In addition, he said, Angola was keen to advertise the country's open market, where "private investors can equally find good opportunities for their projects." Merkel in turn stressed the need to continue investing in developing countries, despite current economic hardships.
"We know that, if people in Africa have no perspective, we will have to deal with violent confrontations and refugee movements," Merkel said, adding that it was prudent to keep the investments flowing, from an African as well as a European perspective.
A German-Angolan business summit is also scheduled to take place Friday, where Santos will meet with German Economics Minister, Karl- Theodor zu Guttenberg to discuss economic ties between the two countries.


Clic here to read the story from its source.