Sheikh Ali ben Dromedalia: "The Saraphian Emirate is a rapidly developing nation with many oppurtunities for foreign businesses. Don't miss out on our growing market for consumer goods, technology and communications. Many foreign companies already have established presence, why not join them? Contact the ministry here to find out how your company can invest in our country."

Adress: Saraphian Emirate Ministry of Economic Affairs 2337, Boulevard of Martyrdom PO BOX 03344997766 Dhamar Saraphian Emirate Telephone: 07 (1) 444 555 - 0001 Fax: 07 (1) 444 555 - 0002 email: [email protected]

Economy - overview: The Emirate's economy is a mixture of central planning, state ownership of oil and other large enterprises, village agriculture, and small-scale private trading and services ventures. The government is pursuing diversification of the oil-reliant economy and some progress is made. Agriculture: The Emirate is home to the mighty Komi desert, which accounts for nearly 75% of it's territory, as a consequence the country depends on agricultural imports. Most agricultural activities involve sheep and olives. The majority of the agricultural sector exists of small, self-sufficient family farms. As a whole the sector is traditional and low investment. Fisheries: The same as agriculture. Traditional, wooden boats, sometimes owned by an entire family, provide a low income to their owners. In recent years the sector has suffered from foreign competition of mechanized fishing industry. Traditional fishing grounds are being overfished by big business. The government has adressed the issue at the WEO, and (slow) progress towards a form of fair competition and protection is made. Foreign investments: The Emirate has a very favourable business climate for foreign investors. Some have located new plants in the Emirate, others have bought into established ventures. They have found an investor-friendly environment with high professional standards in all the support services that a business launch needs to rely on. Foreign Trade: An outstanding feature of the Saraphian Emirate's economy is the heavy dependence on foreign trade. The Emirate's exports and imports have been growing considerably following the end of isolationism in 1503. The main export countries were the Katrinkan Empire (19%), Kanjiri Empire (15%), the UFUR(12. 9%) and Sunami (10%). These countries were also the main import countries. Industry: The value of manufactured products in 1505 was as follows: Food and beverages, 61.5%, basic metals, 11.0%, metal products, machinery and equipment, 6.2%, publishing, printing and recorded media, 5.6%, other 15.7%. Production has to an increasing extent moved to high-technology equipment such as airplanes, military hardware and telecommunications. The importance of human capital is rapidly increasing because of the growing software and polysilicon-based products industry. Energy: The Saraphian Emirate is rich in oil wells and natural gas fields. Electricity production from these sources amounted to 1,323 Gwh in 1505. The government is currently building up a natural gas grid to provide the households in the bigger cities with cheap energy. Energy export (crude oil & natural gas) remains the backbone of the economy. Labour: Employment has grown considerably in the last years. The averaged annual rate of employment growth from 1503-1505 was 12%. The increase in employment is due jointly to an increase in the population of working age (15-64 years), increased labour market participation and the government economy diversification program. Government | Home | Top

Economical Data Present exchange rate (1507): Rial 1 = Cc. 0.20 GDP:Rl. 3,508 bln. (Cc. 702 bln.) GDP per capita:Rl. 68,275 (Cc. 13,655) GDP - real growth rate: 12% (predictions for 1507: 8%) GDP composition per sector: Agriculture: 15% Industry: 54% Services: 39% Population below poverty line: 46% Labor force: 15.4 million - note: serious shortage of skilled labor Labor force - by occupation: Agriculture 43% Industry 37% Services 20% Unemployment rate (% of workforce): 30% Inflation rate: 25% Total tax burden of GDP: 25% Budget: Government revenues: Rl. 765 bln. Government expenditures: NA Debt - external: NA Economic aid - recipient: NA

Industrial production growth rate:6.0% Industries: Petroleum, petrochemicals, food processing, metal fabricating, commercial airplanes and military hardware. Agriculture: Rice, grains, citrus fruits, olives, tea, dairy products. Export partners: Katrinkan Empire, Kanjiri Empire, Kingdom of Ostensia, UFUR, Republic of Luban, Kingdom of Vetlanda and Sunami Exports:Rl. 1,820 bln. Import partners: Katrinkan Empire, Kanjiri Empire, Kingdom of Ostensia and UFUR Imports:Rl. 1,200 bln. Trade surplus: Rl. 620 bln. (Cc. 124 bln.)

Exports: 45% crude oil 10% oil products 27% minerals 8% natural gas 5% various Imports: 25% consumer goods 20% food/ food products 10% building materials 8% transportation means 5% machinery 12% various

Membership:The Saraphian Emirate is a founding member of the World Economic Organisation: A trade organisation devoted to peace and prosperity

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Saraphian Emirate Business Guide: A Project of the Foreign Trade Department

Emirat Aerospace: Former subsidiary of El Emirat Industries Inc. Company is now independent, cooperates closely with Karst Aerospace and S.A. Vereo from the Katrinkan Empire. Main activities are the construction of airplanes - It�s regional jetliners are bestsellers on Scandia. All engines are supplied by S.A. Vereo, technology comes from Karst Aerospace, all the rest is made in Saraphian Emirate. Emirat Industries Inc.: Company involved in shipbuilding, military hardware, highway exploitation and construction.Currently tries to gain international market share. Komi Gas: Company that is also listed on the stock exchange. Has a state monopoly on the exploitation and sale of natural gas deposites. Also has its own refinery, pipeline-network and fleet of tankers. Komi Oil: The biggest moneymaker in the country, accounting for roughly 45% of all exports. Company is listed on the Saraphian Emirate Stock Exchange. Has a state monopoly on crude oil and oil products in the emirate. Owns refineries, pipelines from coast to coast and a fleet of oil tankers. Probably Scandia�s second biggest oil company. Komi Oil is the 'de facto' sole oil supplier to the Katrinkan Empire, due to an unfortunate (smile) incident involving a competitor. Komi Oil also owns 25% of offshore oil company PetroMech from Sunami. Ruby Telecom: Formerly known as National Telecom. CEO: Sheikh Abdallah bin Wafi bin Zeroual. Privatised in 1505. Provides services and products in the field of telecommunications and internet. Is setting up a chain of internet/cyber cafe�s throughout the emirate and invest heavily in a nation-wide fiber-optics data and phonenet. Ruby Telecom is looking for international expansion and foreign partners. The company is listed on the stock exchange. SAO Airsystems: Foreign (Sunami-owned) helicopter manufacturer, which has a manufacturing plant and sales office in the SE for the western hemisphere. Supplier of helicopters to the SE Armed Forces. Third Sunami company to establish a presence in the Saraphian Emirate. Saraphian Air: Flag carrier airline of the Saraphian Emirate. Homebase is El Emirat International Airport in Al-Dhamar. Has a monopoly on inland flights. Saraphian Air has a daily route on all international airports of the Katrinkan Empire, the Ascendancy of Andrea,Republic of Luban, Kindom of Vetlanda, the Kanjiri Empire, the Republic of S�pmi, Especias, Sunami, Elmira and Aengelnia. Saraphian Air owns a 35% share in Vetlanda's national airline Vetlandair. Saraphian Bank: First commercial bank founded on Mounist principles on Scandia. Owned by governments of the emirate (50%) and the republic of Luban (other 50%). Has several religious leaders in board of management. For religious reasons a Mouni cannot get loans from a conventional bank, since making money with money is strictly forbidden in Mounist religion. Instead of working with interest rates, the bank has a system of commissions. The bank opened a branch office in the Rep�blica T�reo�a in 1505, to ensure smooth transactions between RT banks (banking secret!) and Saraphian customers. Saraphian Cargo Line (SCL): Company that operates a fleet of cargo ships. Excellent reputation. Has 'open port'rights for all international seaports in the Ascendancy of Andrea. Sunburst Enterprises: Foreign (Sunami-owned) renowned producer of solar panels. Has a major production facility planned in the Saraphian Emirate. TeleOn: Foreign (Sunami-owned) telecommunications company. Has a R&D centre planned in the Saraphian Emirate. The Saraphian government gives full backing to this project. Koizumi Electric: Foreign (Kanjiri-owned) consumer electronics manufacturer, specializing in DVD players, microwaves and wristwatches. A production plant of considerable size started production in 1505. Tula Group: Foreign (Katrinkan-owned) domestic appliances manufaturing company, specializing in washing machines, ovens and household products. Has a major plant in the emirate and a 50% market share on domestic appliances. United Minerals Ltd.:Family company that controls the exploitation of mines and sale of minerals in the emirate. Vetlanda Polysilicon: Foreign (Vetlanda-owned) producer of polysilicon-based products. Currently building a manufacturing and distribution centre in the Emirate. Considered by the government to be a 'strategically important company to advance the technology sector in our country.' Government | Home | Top

Welcome to the SESE Ltd. A joint-venture of the SE Ministry of Economic Affairs and SSE Inc. The SESE was founded in 1505 and is housed in the Sherezadia Palace, donated by HRM the Emir. The stock exchange functions like any other on Scandia, with the exception of course that it operates under strict Mounistic law, which forbids interest-related business. Instead, the exchange uses a system of commissions and tariffs. The centerpiece of the SESE is a Global Media Wall, with a number of market indicators arrayed on the top, six panels relaying financial and business information and news from around the country and world, and two television screens constantly broadcasting latest (financial) news as it occurs. The Grand Hall (pictured) is a state-of-the-art trading community to provide the Saraphian Emirate with a facility comparable to the markets in S�ffmir, L�wenkal and Nekocho. It is housed in the former Grand Hall of the palace. at the columns of the central hall can be found the businesses, while the central floor is the SESE itself. Also, many vendors can be found at the GrandHall, the Global Media Wall forms an integral part of the Grand Hall. The main indicator of the SESE is the SEX10, which consists of the 10 biggest funds on the exchange: Komi Oil Komi Gas Emirat Industries (construction company) Emirat Defense (military hardware) SaraphianAir (airline) SCL (shipping line) United Minerals (monopolist on exploitation of minerals) Ruby Telecom (telecommunications) Mac Sheepburgers (fastfood chain) Ahmed�s Bazaar (supermarket chain) Naturally, smaller funds and foreign, S�pmi funds are traded as well. Board of Management / Directors: HRH Prince Faisal Mohamed, President (former PM and brother to HRM the Emir) HH Sheikh Sadat Amin Al-Ashemiya, vice-president (CEO of Emirat Industries) HH Sheikh Hussein Ahmed Al-Ashebinya al-Mounia, SaraphianAir delegate Mr. Stefan Adorj�n, President Marhoffer Group (SSE Inc. chairman) Mr. J�nos Dobai, Chief Investment Officer S�pmi Steel (SSE Inc. vice-chair) Imam Faisal Nouarabaid, representative of Mounist Church Imam Hussein Ahmed Mouni, representative of Mounist Church Mr. Rachid Ahmed bin Zeroual, delegate of Komi Oil Mr. Ramses Ahmed al Waudi, delegate of Komi Gas HH Sheikh Ali ben Dromedalia, Foreign Trade secretary MoEcon Adress: Saraphian Emirate Stock Exchange Sherezadia Palace 15, His Majesty�s Royal Mile PO BOX 03354967786 Dhamar Saraphian Emirate Telephone: 07 (1) 434 575 - 000 Fax: 07 (1) 434 575 - 005 email: [email protected]

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� Copyright 1503 by the Saraphian Emirate ministry of Economic Affairs. Revised December 1506.