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Venezuela opens granite processing facility in Bolívar

Monday, February 18, 2013 Venezuela’s government has opened a granite processing plant in the state of Bolívar, with the intention of providing about 25% of the granite required nationwide. Ricardo Menéndez, vice president of the Productive Economic Area, said Venezuelan President Hugo Chávez has yearned for the creation of this project to empower Venezuelan construction.

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Egypt struggles to recover tourism, investment

Friday, February 10, 2012 Standard & Poor’s downgraded Egypt’s currency rating for the second time in four months based on the country’s shorfall in foreign reserves and shaky political transition. It’s the latest development for a nation facing mounting economic diffuclties. Egypt’s foreign reserves fell by over 50 percent last year to about US$16 billion.