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Nigeria’s Currency Has Fallen to A Record Low as Inflation Surges. How Did Things Get So Bad?
EG >> 2/18/2024 - Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low ag...
Egypt’s ACUD Promises to Offer New Green Building Incentives By End of 2023
EG >> 12/18/2023 - Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new mega capital, is set to offer new green building incentives by the end of 2023, Chairman Khaled Abbas stated during a p...
Egypt Considers EGP 8 Bln Partnership Offers in Real Estate
EG >> 12/4/2023 - The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said.<...
Egypt Considers EGP 8 Bln Partnership Offers in Real Estate Sector: Minister
EG >> 12/3/2023 - The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said.<...
Egypt, South Korean STX Sign Mou to Develop Jarjoub Port And Economic Logistics Zone
EG >> 11/28/2023 - Egypt has recently entered into a memorandum of understanding (MoU) with the South Korean company STX to develop the Mediterranean port of Jarjoub and its affiliated economic logistics zone, according...
Central Bank of Egypt Auctions $1.6 Bln USD T-Bills
EG >> 11/13/2023 - The Central Bank of Egypt (CBE) auctioned $1.61 billion USD-denominated treasury bills (T-bills), reported the CBE website.

The T-bills are to be repaid on 12 November 2024 at a yield that ...
Molla, Saudi Company Arcelormittal Jubail Discuss Expansion In Egypt
EG >> 6/20/2023 - Minister of Petroleum and Mineral Resources Tarek El Molla discussed with a delegation of Saudi company ArcelorMittal Jubail means of boosting co-operation in the field of oil and gas pipeline manufac...
Global Hospitality Providers Head to Dubai As Regional Industry Plans Multi-Billion Investments
AE >> 3/27/2023 - Major worldwide players will gather in Dubai from 23th to 25th May at The Hotel Show – the undisputed flagship for, and gateway to, the Middle East’s multi-billion-dollar hospitality industry – as the...
TECOM Group Breaks Ground on Innovation Hub Phase 2 in Dubai Internet City
AE >> 12/18/2022 - TECOM Group has broken ground on the Innovation Hub Phase 2 in Dubai Internet City, as Dubai’s legislative framework and ease of doing business attract a high volume of international companies and inv...
Egypt Has Fourth Largest Solar Energy Plant in World
EG >> 11/16/2022 - "Africa has promising energy projects, as Egypt has the fourth largest solar energy plant in the world, while 6 African countries made an alliance for green hydrogen projects,” UN Climate Change High ...
Egypt, EU Showing Commitment to Intensified Dialogue and Strategic Cooperation
EG >> 6/18/2022 - Ahead of the ninth meeting of the Egyptian-European Union Association Council in Luxembourg, the head of the EU Mission in Cairo Christian Berger spoke to Ahram Online on the prospects of further dia...
EDB Signs Mou With Hamriyah Free Zone And Sharjah Airport International Free Zone
AE >> 6/1/2022 - The Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) with the Hamriy...
Mashat: Success of Egyptian-Iraqi Committee Meetings Opens New Chapter of Bilateral Cooperation
EG >> 11/1/2020 - International Cooperation Minister Rania Mashat underlined that the success of the Egyptian-Iraqi higher committee meetings opened a new chapter of bilateral ties where the great potentials of the Egy...
Saudi Arabia Logs Highest M&A Value at $72.6 Billion
SA >> 9/9/2019 - Saudi Arabia saw a jump in M&A volume and value (14 deals worth $72.6bn) during the first half of 2019, due to the blockbuster $70bn SABIC deal announced in 1Q19, the region’s highest value deal on re...
Egypt in $500 Million Settlement with Israel Electric Corp
EG >> 6/17/2019 - Egypt has signed a $500 million settlement with state-owned Israel Electric Corp over a defunct natural gas deal, the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas (EGAS) said...
Abdel Aty Participates in Sustainable Blue Economy Conf. in Kenya
EG >> 11/28/2018 - Minister of Water Resources and Irrigation Mohamed Abdel Aty participated in the fourth conference on sustainable blue economy in Kenya.

Ex-prime minister Sherif Ismail led a high-level deleg...
DEWA Awards AED118 Million Contract For Water Pipeline Project
AE >> 11/23/2018 - The Dubai Electricity and Water Authority, DEWA, has awarded a AED 118 million contract to supply, fit, and commission 26.5 kilometres of water pipelines across Dubai.

According to a press st...
Dubai Customs Discusses Means of Growth with Businesses in Dubai
AE >> 10/6/2018 - The Director of Dubai Customs, Ahmed Mahboob Musabih, has haired the Dubai Customs Consultative Council’s quarterly meeting which was attended by heads of business and trade groups, members of the Cou...
Russian-Spanish Consortium Participates in Dabaa Project
EG >> 10/6/2018 - Minister of State for Military Production Mohamed el Assar 06/10/2018 attended the signing ceremony of a memorandum of understanding between the National Authority for Military Production and the Prot...
Egypt, Cyprus Sign Agreement to Construct Gas Pipeline worth $800 Million
EG >> 9/19/2018 - Egypt and Cyprus signed an agreement to construct a direct marine pipeline to transfer natural gas from the Cypriot Aphrodite field to Egypt and then to be re-exported to different markets, statement...
Karmsolar To Raise EGP 500 Million For Phase One Of Its Expansion Plan
EG >> 9/12/2018 - KarmSolar, Egypt’s fastest growing solar energy solutions company, signed an agreement with Attijari Finances to act as KarmSolar’s global advisor and coordinator for the company’s equity fundraising ...
Gov't Investments in S. Sinai Hit EGP 1.363 Bn in FY 2018
EG >> 9/4/2018 - Planning Minister: Sisi's visit to Uzbekistan helps push up bilateral relations. She had talks with South Sinai Governor Khaled Fouda on investment plans and projects due to be implemented in the gove...
Saudi Arabia Leads IPO And REIT Activity In MENA in Q2
SA >> 8/29/2018 -  The MENA region raised $881.5m through nine IPOs, (including four Real Estate Investment Trust (REIT) listings), in Q2 2018, according to the latest EY MENA IPO Eye report.

Compared to Q2 2...
Project momentum acceleration to drive Bahrain's non-oil growth in 2018
BH >> 8/12/2018 - An acceleration in the pace of project implementation in the first quarter of 2018 is expected to underpin faster non-oil growth in Bahrain throughout the course of the year, according to the Bahrain ...
Hala China Establishes Board Of Directors, Announces First Strategic Partnerships
AE >> 7/15/2018 - The Hala China initiative, jointly launched by Meraas and Dubai Holding earlier this year, has announced the signing of its first strategic agreements at a press conference.

The event was...
Indian-Owned SPP Pumps Injects LE100mn Investments To Egypt By 2022
EG >> 7/15/2018 - Chairman of SPP Pumps, an Indian-owned pump company, Mohammed Hassan said that the company will be supplying pumps to ministry neighborhoods within the Administrative Capital.

SPP will also s...
Investment Opportunities In Makkah To Boost Its Growth
SA >> 7/12/2018 - The latest mega project in Makkah ‘Rou’a Al Haram Al Makki, announced late last year by the Public Investment Fund, will play a significant role in boosting Makkah’s economic growth and in turn, enhan...
Bahrain FDI Grows 114% As Reforms Boost Investment
BH >> 6/20/2018 - FDI inflows to Bahrain grew 114% in 2017 to $519 million, according to data released by the United Nations Conference on Trade and Development (UNCTAD), the fastest growth rate in the GCC.

T...
Bahrain Development Bank Launches $100m Venture Capital Fund Funds to Support Middle East Startups
BH >> 5/10/2018 - Following instructions from His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and Chairman of the Bahrain Economic Development Board (EDB), the Bahrain ...
Makkah Economic Forum Kicks Off Year
SA >> 5/8/2018 - The Makkah Economic Forum has lined up a series of highly engaging activities spread across the entire year to involve the private sector as an active partner in the region’s development programs and ...
Makkah Economic Forum Kicks Year-Long Activities to Engage Private Sector in Region’s Development
SA >> 5/9/2018 -  The Makkah Economic Forum has lined up a series of highly engaging activities spread across the entire year to involve the private sector as an active partner in the region’s development programs and...
Egyptian Electricity Holding To Raise $700 Mln Loan With HSBC And Credit Suisse
EG >> 5/3/2018 -  State-owned Egyptian Electricity Holding Company (EEHC) is raising a syndicated loan of up to around $700 million with Credit Suisse and HSBC leading the deal, banking sources said.

The new ...
Saudi Arabia To Tender Consolidation Of Project Consultancy Services
SA >> 4/1/2018 - Saudi Arabia plans to issue tenders to consolidate consultancy services for government infrastructure projects in the coming months in a bid to improve efficiency and bring fresh momentum to stalled d...
Saudi Stock Exchange Joins Ftse Global Equity Index Series
SA >> 3/29/2018 - The Saudi Stock Exchange (Tadawul) is pleased that FTSE Russell announced today that Tadawul will be classified as a “Secondary Emerging” market in the FTSE Global Equity Index Series from its previou...
KSA, UAE Continue to Spearhead Arabian Gulf Hospitality
SA >> 2/27/2018 - The UAE will continue to lead the Gulf Cooperation Council (GCC)’s luxury hospitality segment to 2022, with 73 percent of existing luxury hotel stock and 61 percent of the region’s current luxury pipe...
Dubai: MRIF Evaluating AED 22 Million Investments in Q2 2018
AE >> 2/27/2018 -  The Mohammed bin Rashid Innovation Fund, MBRIF, an AED2 billion operated by the Emirates Development Bank, EDB, hosted its strategy meeting with partners from the Ministry of Finance and members of i...
Bahrain Attracts $733m New Investments In 2017
BH >> 2/18/2018 - The Bahrain Economic Development Board (EDB) announced a record year for inward investment in 2017, having attracted 71 new companies to Bahrain with investments amounting to $733 million. This is exp...
Bahrain’s Non-Oil Sector Grows By 4.8%
BH >> 2/12/2018 - The growth momentum of the Bahraini economy has continued to exceed expectations, with the annual pace of growth in the non-oil sector reaching 4.8% in the first nine months of 2017. During 2017 as a ...
Dubai Investments Announces US$20 Million Investment in Africa Crest Education
AE >> 2/12/2018 -  Dubai Investments has announced a US$20 million direct investment into Africa Crest Education Holdings, ACE, an investment company promoting quality education across the African continent.

...
Abu Dhabi: Mohamed Bin Zayed and India’s Prime Minister Witness Signing of Agreement, Mous
AE >> 2/10/2018 - The United Arab Emirates and the Republic of India signedan agreement and four memoranda of understanding between the UAE and India as part of joint efforts to consolidate bilateral partnerships and c...
Bahrain: Minister Opens ME Refining Technology Conference
BH >> 1/23/2018 - Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa inaugurated the 2nd Edition Middle East Refining Technology Conference (MERTC2018).

The conference is organized by the World Refining Assoc...
To Provide $200 Million for Egyptian Project to Increase Energy Efficiency of Natural Gas Transport
EG >> 12/27/2017 - The European Bank for Reconstruction and Development (EBRD) will provide Egypt with $200 million to invest in increasing the energy efficiency of the natural gas transport infrastructure, according to...
Egypt: Pumping Operations Begin at Egypt’s Giant Zohr Gas Field
Egypt: Pumping Operations Begin at Egypt’s Giant Zohr Gas Field EG >> 12/17/2017 - Pumping operations began on Egypt's super-giant Zohr gas field, bringing the country closer to achieving its goal of self-sufficiency in the supply of liquefied natural gas (LNG).

Experimenta...
Abu Dhabi: GCC Construction Market Shows 30 Percent Growth in 2017, According to Study
AE >> 11/23/2017 - The construction market in the GCC has shown relative resilience in its performance, depicting a 30 percent pick-up in 2017-to-date, according to a new study by MENA Research Partners, MRP, a leading ...
Egypt: Russian Billionaire's Bank Bets on Egypt As Mideast Risk Rises
EG >> 11/20/2017 - Renaissance Capital, the investment bank owned by Russian billionaire Mikhail Prokhorov, is taking a long-term bet on Egypt even as tensions in the region are on the rise.

“A lot of the globa...
UAE Maintains Competitive Edge in Terms of 'Ease of Doing Business' in World Bank Global Rankings
AE >> 9/12/2017 - The UAE maintains its competitiveness in terms of "Ease of Doing Business" in the World Bank’s global rankings, according to Ahmed Ali Al Sayegh, Chairman of Abu Dhabi Global Market.

In state...
Emirates NBD Dubai Economy Tracker: Improvement in Business Conditions Sustained in August
AE >> 9/11/2017 - Growth of Dubai’s non-oil private sector was sustained at a robust pace during August, supported by further gains in output, new orders and employment.

The seasonally adjusted Emirates NBD D...
Kuwait: US dollar continues to drop amid federal policy uncertainties, says report
KW >> 9/10/2017 - The US dollar continued to be pressured in the second week of September as signs indicate monetary policy convergence from other Central Banks is on the horizon, said the National Bank of Kuwait (NBK)...
Egypt: Review of Moody's Credit Rating Visit to Egypt
Egypt: Review of Moody's Credit Rating Visit to Egypt EG >> 8/20/2017 - Moody's Credit Rating Agency lately sent a mission to Egypt over 7 to 9 August 2017 in light of its annual creditability rating review of the Egyptian economy.

In its capacity as a representa...
Libya: Production at Libya's Sharara Oil Field Returns to Normal After Protest
LY >> 8/7/2017 - Production from Libya's largest oil field was returning to normal after being briefly disrupted by armed protesters who broke into a control room in the coastal city of Zawiya, the National Oil Corpor...

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