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National Bank of Egypt Sells $169 mln Worth of Special Certificates
National Bank of Egypt Sells $169 mln Worth of Special Certificates Egypt >> 5/16/2016 - National Bank of Egypt, the country's largest state bank, sold 1.5 billion Egyptian pounds (US$169 million) worth of special certificates that were launched in March to attract foreign currency into t...
Custodian of the Two Holy Mosques Chairs Cabinet Session
Saudi Arabia >> 5/16/2016 - The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired the Cabinet's session at Al-Salam Palace in Jeddah.

- The Custodian of the Two Holy Mosques briefed the Cabinet...
Dubai's Foreign Trade in Perfumes and Cosmetics Reaches AED 20.5 billion in 2015
United Arab Emirates >> 5/16/2016 - Dubai's foreign trade in perfumes and cosmetics' during 2015 hit AED 20.5 billion, according to an official of the Dubai Customs.

France was Dubai's top trading partner in perfumes and cosmet...
UAE registers highest employment rate in April
United Arab Emirates >> 5/16/2016 - The UAE exhibited the most positive employment growth among its neighbouring countries in April 2016, with hiring activity growing at 18 percent compared to the same period a year ago.

Sanjay...
Saudi Arabia, UAE Sign Protocol to Establish the Saudi UAE Coordination Council
Saudi Arabia >> 5/16/2016 -  In the presence of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed...
Egypt: Cabinet Discusses Number of Economic, Social, Political Files
Egypt: Cabinet Discusses Number of Economic, Social, Political Files Egypt >> 5/17/2016 - The Cabinet convened its weekly meeting under Prime Minister Sherif Ismail to discuss a number of political, economic, social and security files along with special reports on mega national projects.
Sisi Witnesses New Assiut Power Station
Sisi Witnesses New Assiut Power Station Egypt >> 5/17/2016 - President Abdel Fattah El Sisi witnessed the inauguration of the 1,000 megawatt power station in the Upper governorate of Assiut.

Prime Minister Sherif Ismail and Defense Minister Sedqy Sobhy...
Egypt's President Sisi Inaugurates $2.7 bln worth of Electricity Projects
Egypt's President Sisi Inaugurates $2.7 bln worth of Electricity Projects Egypt >> 5/17/2016 - Egypt's President Abdel-Fattah El-Sisi inaugurated eight power stations, adding more than 3,600 megawatts to the national electricity grid at a total cost of $2.7 billion.

The projects, sever...
Egypt's Central Bank Offers $120 mln to Cover Pharmaceutical Imports
Egypt's Central Bank Offers $120 mln to Cover Pharmaceutical Imports Egypt >> 5/17/2016 - Egypt's central bank held the pound steady at a regular dollar sale but said the dollars would be directed to imports of pharmaceutical products, manufacturing components, vaccines and related chemica...
UAE: MoF Launches Economic Research Initiative
United Arab Emirates >> 5/17/2016 - The Ministry of Finance, MoF, has launched an initiative to conduct studies by experts in managing the overall economy and the Ministry’s financial policies. Research papers will be published in inter...
Saudi Arabia and Malaysia Sign MoU on Tourism Promotion
Saudi Arabia and Malaysia Sign MoU on Tourism Promotion Saudi Arabia >> 5/17/2016 - Prince Sultan bin Salman bin Abdulaziz, President of Saudi Commission for Tourism and National Heritage, and Minister of Tourism and Culture of Malaysia Mohammad Nazari Abdulaziz have signed at the he...
Egypt's Cabinet Approves Value Added Tax Bill
Egypt's Cabinet Approves Value Added Tax Bill Egypt >> 5/17/2016 - Egypt's cabinet approved a long-awaited value added tax (VAT) bill, which will be referred to the State Council for review before being sent to parliament for approval, the cabinet said in a statement...
Sahar Nasr in Jakarta for IDB’s Meetings
Sahar Nasr in Jakarta for IDB’s Meetings Egypt >> 5/18/2016 - Egypt's International Cooperation Minister Sahar Nasr arrived in the Indonesian capital, Jakarta.

Nasr, who also serves as Egypt's Governor to the Islamic Development Bank (IDB), will lead th...
Dubai Tourism and Airbnb Sign Agreement to Strengthen Short Term Rentals
United Arab Emirates >> 5/18/2016 - The Department of Tourism and Commerce Marketing of Dubai (Dubai Tourism) and Airbnb company have signed a Memorandum of Understanding, MoU, to help promote responsible hosting and help grow and diver...
Egypt :Meeting about Project 9 N. in Alexandria
Egypt >> 5/18/2016 - PM Sherif Ismail held a meeting to follow-up on the special procedures to get ready to start the experimental sewage treatment (9n) in Alexandria, in the presence of the ministers of housing, environm...
Sherif Ismail has Meeting with the Governor of Luxor, Qena and Aswan
Egypt >> 5/18/2016 - Engineer Sherif Ismail, chairman of the council of ministers decided to start the implementation of the draft duplication of Qena Sohag Western Desert along 140 km, the cost is estimated at 350 millio...
UAE Embassy in Warsaw sponsors Economic Forum
United Arab Emirates >> 5/19/2016 - The UAE Embassy in Warsaw has sponsored a forum on economic, tourism and culture between the UAE and the Republic of Poland.

The forum focused on the theme: 'UAE and Europe', and was jointly ...
Sisi Probes with Siemens Chief Cooperation in Energy, Railways Domains
Sisi Probes with Siemens Chief Cooperation in Energy, Railways Domains Egypt >> 5/19/2016 - President Abdel Fattah El Sisi received, Joe Kaeser, the President and Chief Executive Officer of Siemens AG, in the presence of Minister of Electricity Mohamed Shaker and Minister of Transport Galal ...
Sherif Ismail Receives EBRD, World Bank Representatives
Egypt >> 5/19/2016 - Prime Minister Sherif Ismail held a meeting with representatives of European Bank for Reconstruction and Development (EBRD) and the World Bank's International Finance Corporation.

Present at ...
US, Europeans Promise to Clarify Doing Business with Iran
Iran >> 5/20/2016 - The United States and European powers will work to clear up any confusion companies may have about doing business with Iran following Tehran's acceptance of a deal to curb its nuclear program, the cou...

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