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Financials and Investment News

Changing Dubai Healthcare Offers Potential to Investors
United Arab Emirates >> 11/2/2014 - Dubai’s healthcare sector has witnessed rapid developments over the past few years, attracting international healthcare investors and operators looking to capitalise on the significant opportunity tha...
US Dollar Stable Against Kuwaiti Dinar at KD 0.290
Kuwait >> 11/3/2014 - The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.290 on Monday, while the euro dropped to KD 0.362 compared to Sunday's rates.

The Central Bank of Kuwait said...
Islamic Finance Begins Transacting on Nasdaq Dubai
United Arab Emirates >> 11/3/2014 - Aafaq - Islamic Finance, a UAE-based leading Sharia-compliant financial institution, has carried out its first transaction on the NASDAQ Dubai Murabaha Platform, which provides Islamic financing servi...
Sisi Witnesses Biggest Air Force Exercise
Egypt >> 11/4/2014 - President Abdel Fattah al-Sisi has addressed a message of appreciation and apology to North Sinai citizens, calling on them not to allow anybody to drive a wedge between them and the rest of the Egypt...
Centamin Cuts Gold Production Forecast at Egyptian Mine
Egypt >> 11/5/2014 - Centamin Plc cut its full-year production forecast for the only gold mine it operates, citing lower grades of the underground ore being mined in the current quarter and reduced productivity of its pla...
Outline of Golden Triangle Project to be Selected
Egypt >> 11/8/2014 - The Ministry of Industry and Foreign Trade decided to open the technical envelopes of the general outline of the golden triangle development project at the end of this month.

Four internati...
Bourse Gains EGP 15.3bn in First Week of November
Egypt >> 11/8/2014 - The Egyptian Exchange indexes closed up in the first week of November and the market capital gained EGP 15.3 billion to hit EGP 519.5 billion or 3 percent higher than the week before.

Durin...
Dubai Customs, DTCM Ink Agreement to Develop Tourist
United Arab Emirates >> 11/8/2014 - Dubai Customs and the Department of Tourism and Commercial Marketing in Dubai (DTCM) have signed a cooperation and partnership agreement to promote the development of tourist facilities at Jumeirah 1,...
Jordan, GCC Strategize Firmer Cooperation
Kuwait >> 11/8/2014 - Jordan agreed with GCC states on a set of strategic objectives to boost cooperation between both sides, a statement by a Jordanian official said on Saturday.

Secretary General of the Minist...
Mobile Subscribers down 2 Million for First Time
Egypt >> 11/8/2014 - The number of mobile phone subscribers fell by millions for the first time in Egypt ever in August, according to the National Telecommunications Regulatory Authority (NTRA).

The total num...
Dubai to Host 8th GCC Conference on Learning Disability
United Arab Emirates >> 11/9/2014 - Dubai is set to host the 8th GCC Conference on Learning Disability on 12th and 13th November at Taj Palace Hotel, under the slogan, "Learning Disability: A Whole Life Approach".

The event i...
AL Secretary General Welcomes New Gov't Formation
Yemen >> 11/10/2014 - Arab League Secretary General, Dr. Nabil Elaraby has welcomed the formation of the new Yemeni government, and considered it as a positive step towards overcoming its turbulent stage.

In a p...
UAE Banks Federation Reviews Progress
United Arab Emirates >> 11/10/2014 - The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE, has held its second Board of Directors meeting of the year.

The ag...
Egypt Blue Chips in the Red on Sunday as Locals Sell
Egypt >> 11/10/2014 - Egypt's bourse continued to fall on Sunday as Egyptian investors were net-sellers following large gains in the past couple of weeks.

The main EGX30 index fell 0.51 percent to close at 9,373...
Kuwait Participates in OIC's 5th World Biz Conference
Kuwait >> 11/11/2014 - Kuwait's participation in the 5th OIC World Biz and Muslim World BIZ Exhibition and Conference 2014 will provide a great opportunity to explore new investments and boost cooperation with OIC's member ...
Ministry of Economy to be Patron of GTDW
United Arab Emirates >> 11/11/2014 - Following the outstanding success of Global Trade Development Week (GTDW), the world's largest international trade and investment facilitation event organised last month in Dubai, the UAE Ministry of ...
HH Sheikh Abdullah Bin Zayed Receives Indian Counterpart
United Arab Emirates >> 11/11/2014 - Foreign Minister H.H. Sheikh Abdullah bin Zayed Al Nahyan received the Indian Minister of External Affairs Sushma Swaraj in Abu Dhabi.

Sheikh Abdullah welcomed the Indian minister and her ...
HH General Sheikh Mohamed Bin Zayed Receives Panama's VP
United Arab Emirates >> 11/11/2014 - His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Isabel Saint Malo, Vice President and Foreign Minister...
Egypt Agree to a Loan from the World Bank $500 million
Egypt >> 11/11/2014 - Egyptian President Abdel Fattah Sisi approved a loan agreement between the Egyptian government and the World Bank for Reconstruction and Development to implement the project of natural gas Delivery. ...
Egypt's CIB Reports 5.6 Pct Rise in Q3 Net Profit
Egypt >> 11/12/2014 - Egypt's biggest listed bank Commercial International Bank posted a 5.6 percent rise in third-quarter net profit, the bank said in a statement released late on Tuesday.

It said net profit st...

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