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Infrastructure works for Expo 2020 Dubai site to begin this summer
United Arab Emirates >> 6/27/2016 - Minister of State for International Cooperation and Director General of Expo 2020 Dubai Bureau, Reem bint Ibrahim Al Hashimy today confirmed that infrastructure works on the Expo site are set to begin...
Dalia Khorshid, Chinese Amb. Discuss Joint Projects
Dalia Khorshid, Chinese Amb. Discuss Joint Projects Egypt >> 6/27/2016 - Investment Minister Dalia Khorshid discussed with Chinese Ambassador to Egypt Song Aiguo projects of high priority and joint investments.

The talks were held as part of two-day joint meetings...
Dalia Khorshid Meets AOI Chairman
Dalia Khorshid Meets AOI Chairman Egypt >> 6/27/2016 - Investment Minister Dalia Khorshid held a meeting with Chairman of the Arab Organization for Industrialization (AOI) Abdulaziz Seif el Din and discussed several issues of mutual concern.

The ...
Egypt has begun talks with the IMF over a $5 bln loan
Egypt has begun talks with the IMF over a $5 bln loan Egypt >> 6/27/2016 - Egypt's central bank has started negotiations with the International Monetary Fund over a $5 billion loan, a Minister from Egypt's economic group of ministers told Reuters.

The negotiations a...
Sisi Urges more Efforts to Rationalize Imports, Increase Exports
Sisi Urges more Efforts to Rationalize Imports, Increase Exports Egypt >> 6/28/2016 - President Abdel Fattah El Sisi urged more measures to rationalize imports and increase exports.

At a meeting with Prime Minister Sherif Ismail and Trade and Industry Minister Tarek Kabil, Sis...
Egypt to issue $3 bln Eurobond in Sept-Oct, implement VAT by Sept
Egypt >> 6/28/2016 - Egypt's finance minister said the country would look to issue a $3 billion Eurobond between September and October, and would implement a long-delayed value-added tax (VAT) by September.

Egypt...
Sameh Shoukry: UK Exit from EU will Economically Affect Arab Region
Egypt >> 6/28/2016 - Foreign Minister Sameh Shoukry said the UK exit from the European Union (EU) would economically affect the Arab region.

During a Ramdan Iftar, the minister added that the global stock mark...
EU: No Change in Aid programs to Egypt in Coming Two Years
Egypt >> 6/28/2016 - There will be no change in aid programs of the EU to Egypt in the coming two years, said EU Ambassador in Cairo James Moran.

Moran was commenting on the possible repercussions of Britain's ex...
Egyptian-Chinese Ministerial Meeting to be Held in Beijing in July
Egyptian-Chinese Ministerial Meeting to be Held in Beijing in July Egypt >> 7/1/2016 - The Egyptian-Chinese ministerial committee meeting will convene in Beijing in July to endorse final list of cooperation projects.

Trade and Industry Minister Tareq Qabil is due in China by th...
Dalia Khorshid, Nasdaq Dubai Probe Promoting Joint Cooperation
Dalia Khorshid, Nasdaq Dubai Probe Promoting Joint Cooperation Egypt >> 7/1/2016 - Investment Minister Dalia Khorshid discussed with Chairman of Nasdaq Dubai Abdul Wahed al Fahim and its Chief Executive Hamed Ahmed work mechanism of the Dubai-based stock market.

During thei...
Egypt Repays Qatar final $1 bln in Outstanding Debt
Egypt Repays Qatar final $1 bln in Outstanding Debt Egypt >> 7/1/2016 - Egypt has repaid $1 billion to Qatar, the last batch in a $3 billion debt owed to the Gulf country, Egypt's central bank governor Tarek Amer announced.

In statements to the state-owned MENA n...
EGX Secured EGP 38.2bn for Funding Companies Since June 30 Revolution
EGX Secured EGP 38.2bn for Funding Companies Since June 30 Revolution Egypt >> 7/1/2016 - The Egyptian Exchange (EGX) has secured 38.2 billion pounds to fund economic projects and companies since the June 30 revolution in 2013, EGX Chairman Mohamed Omran said.

Speaking to MENA on...
Egypt, Belarus Discuss Joint Cooperation in water Resources Management
Egypt, Belarus Discuss Joint Cooperation in water Resources Management Egypt >> 7/2/2016 - Irrigation and Water Resources Minister Mohamed Abdel Ati received Belarusian Ambassador in Cairo Sergei Rachkov where they discussed joint cooperation in the field of water resources management.
<...
Egypt in Talks with UAE Over US$500 mln Grant
Egypt in Talks with UAE Over US$500 mln Grant Egypt >> 7/3/2016 - The government is negotiating with the United Arab Emirates a US$500 million non-refundable grant to finance several developmental projects, including the development of the Suez Canal.

Inter...
Sisi Approves Establishing Higher Investment Council
Sisi Approves Establishing Higher Investment Council Egypt >> 7/3/2016 - President Abdel Fattah El Sisi approved a proposal to establish a higher council for investment to supervise the State's business strategies and take necessary measures to promote investments.

...
500 Tourists Visit Sites in Luxor
500 Tourists Visit Sites in Luxor Egypt >> 7/3/2016 - As many as 500 tourists from different nationalities visited tourist sites in Luxor, according to general director of antiquities in Luxor Mostafa Waziri.

In statements, Waziri said that t...
Saudi Energy Minister Says Oil Market Heading Toward a Balance
Saudi Arabia >> 7/3/2016 - The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading toward a balance and that prices are starting to se...
Kuwait Plans to Tap International Debt Markets to Finance Deficit
Kuwait >> 7/3/2016 - Kuwait said it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.

The oil-rich Gulf state plans to "bo...
National Bank of Abu Dhabi and First Gulf Bank agree to merge
United Arab Emirates >> 7/3/2016 - The boards of directors at National Bank of Abu Dhabi NBAD.AD and First Gulf Bank FGB.AD have recommended merging the two lenders, a joint statement said, with the deal expected to be completed in the...
Egypt Due for Another Devaluation in 2016/17
Egypt >> 7/3/2016 - As Egypt's foreign currency shortage intensifies and the gap between official and unofficial currency rates widens, economists say another devaluation is inevitable this fiscal year.

Foreign ...

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