The ailing economy of Bangladesh may soon be given a much needed stimulus following a visit by the United Arab Emirates Minister for petroleum and Mineral Resources.
MV & CU Minister leaves aircraft and met by F.M. (3 shots)
GV PAN Party across tarmac
CU PAN Airport sign
SV & CUs Two men seated at news conference (4 shots)
GV & SV Presidential residence
SV INTERIOR Sheik Mujibur meeting minister
CUs & SVs Men talking (3 shots)
MR. OTEIBA ARRIVES AND MET BY F.M. HOSSAIN: PRESIDENT MUJIBUR WITH MR. OTEIBA AND MR. HOSSAIN.
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Background: The ailing economy of Bangladesh may soon be given a much needed stimulus following a visit by the United Arab Emirates Minister for petroleum and Mineral Resources. Mana AL Oteiba arrived in Dacca on Thursday (19 June) at the head of a 12 man delegation to discuss a possible supply of oil at concessional rates.
Mr. Oteiba said his talks would centre on bilateral economic co-operation. He did not give further details but it is thought the U.A.E. might offer substantial assistance to Bangladesh for building some medium sized industries. The U.A.E. is keen to offer assistance for a machine tool factory and a diesel plant on the outskirts of Dacca.
Closer relations between Bangladesh and the U.A.E. were established last December following a visit to Abu Dhabi by the president, Sheik Mujibur Rahman. During his stay he was given 50 million dollars assistance to help overcome Bangladesh's difficult economic situation.
SYNOPSIS: The United Arab Emirates Minister for Petroleum and Mineral Resources, Mana AL Oteiba, has arrived in Dacca for economic co-operation talks with the Bangladesh Government. He was met by the Bangladesh Foreign Affairs Minister, Mr. Kamal Hossain.
Mr. Oteiba said his talks would centre on bilateral economic co-operation. It is thought the U.A.E. might offer substantial assistance to Bangladesh for building some medium sized industries...including a machine tool factory and a diesel plant on the outskirts of Dacca. Concessional rates for oil will also be discussed.
From the airport Mr. Oteiba went to the Presidential Palace for discussions with Sheik Mujibur Rahaman. Such is the state of the Bangladesh economy that during a visit to Abu Dhabi last December the president was given 50 million dollars to help overcome his country's immediate financial problems.