31.   The two companies also announced in their statement Sunday that they had signed an accord for launching joint overseas ventures in oil-based electricity production.

32.   This international programme is a joint academic venture with Ohio University, US.

33.   Tokyo-based Nissan has joint manufacturing ventures in Taiwan, Thailand, the Philippines, Malaysia and Indonesia, the paper said.

34.   A number of trade agreements are due to be signed and a body to promote joint economic ventures set up before Ramos leaves for Spain Sunday.

35.   But in banking, Saudi Arabia and Kuwait are still reluctant to allow other members to set up branches in their countries, offering instead joint banking ventures.

36.   The two firms will also form a joint venture to acquire new major market television stations, and will merge their advertising operations.

37.   The two leaders also discussed the prospects of joint industrial ventures in Nepal.

38.   Kuwait and Saudi Arabia forbid the operation of fully-owned foreign banks but allow joint banking ventures.

39.   Officials said the discussions with businessmen in the three GCC nations would concentrate on joint industrial ventures in the region.

40.   Pakistan and Bangladesh also agreed to enhance trade and economic ties and explore possibilities of setting up joint industrial ventures, they said.