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Egypt's Foreign Reserves edge up to $17.546 bln at End of June
Egypt >> 7/4/2016 - Egypt's net foreign reserves rose slightly to $17.546 billion at the end of June, the central bank said. Reserves stood at $17.52 billion at the end of May.

Egypt had roughly $36 billion in r...
Boards of Egypt's Federation of Tourism Chamber, affiliated associations dissolved
Egypt >> 7/4/2016 - Tourism minister Yehia Rashed dissolved the Federation of Tourism Chambers' board and the boards of all five affiliated tourism chambers, according to ministry statement.

The boards of the Eg...
Sisi: Efforts to Promote Tourism Sector Should Continue
Sisi: Efforts to Promote Tourism Sector Should Continue Egypt >> 7/4/2016 - President Abdel Fattah El Sisi underlined that efforts to promote the tourism sector in Egypt should continue and support should be offered to workers in the sector in light of the challenges facing t...
Egypt Takes Part in Preparations for G20 Summit
Egypt Takes Part in Preparations for G20 Summit Egypt >> 7/4/2016 - Egypt has joined the G20's efforts preparing for the upcoming summit of the group to be hosted by Hangu, China, early in September upon an invitation from China which currently chairs the group.
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Sisi Stresses Need to Continue Enhancing Power Transmission Networks
Egypt >> 7/4/2016 - President Abdel Fattah El Sisi underlined the importance of increasing efforts to enhance power transmission networks to improve services provided to citizens.

The remark was made at his meet...
Iran Ready to Attract Foreign Investments
Iran >> 7/4/2016 - Iranian Parliament Speaker Ali Larijani underlined Iran's readiness for accepting foreign investments after the nuclear agreement was signed between Tehran and the six world powers (the US, Russia, Ch...
After Six months, Egypt Finally Settles Wheat Fungus Row
Egypt >> 7/5/2016 - Egypt's agricultural quarantine authority settled a months-long dispute on Monday over wheat import specifications that have hampered the country's massive state purchasing programme ahead of an antic...
Egypt: Cabinet approves decision to achieve fish self-sufficiency
Egypt: Cabinet approves decision to achieve fish self-sufficiency Egypt >> 7/5/2016 - The Cabinet approved a decision aimed at achieving self-sufficiency in fish and exporting the surplus.

During a meeting under Prime Minister Sherif Ismail, the Cabinet agreed to re-allocate a...
Egypt: Cabinet approves anti-double taxation deal with Bahrain
Egypt: Cabinet approves anti-double taxation deal with Bahrain Egypt >> 7/5/2016 - The Cabinet approved an agreement on fighting double taxation and tax evasion signed between Egypt and Bahrain in April 2016.

The agreement aims to prevent double taxation between the two cou...
Egypt: FDIs Hit $5.8 Billion in 9 Months
Egypt >> 7/9/2016 - The net foreign direct investments have risen by 13.7 percent in the period between July and March of the fiscal year 2015/2016, the investment ministry said.

In a report, the ministry said ...
Largest Container Ship Transits Suez Canal
Largest Container Ship Transits Suez Canal Egypt >> 7/9/2016 - Head of the Suez Canal Authority Mohab Mamish said that Suez Canal is the largest and greatest canal in the world.

In a press release, Mamish said that the canal received the largest containe...
UAE's Non-oil Foreign Trade at AED269.5bn in Q1 2016
United Arab Emirates >> 7/9/2016 - The UAE's direct non-oil trade recorded AED 269.5 billion during the first quarter of 2016, maintaining almost the same figures achieved in Q1 last year, said the Federal Customs Authority (FCA).
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Egypt Car Imports Increase 35% in First 10 Months of 2015/16
Egypt >> 7/9/2016 - Egypt's car imports increased by 35 percent in the first 10 months of fiscal year 2015/2016 according to the Egyptian customs authority, Ahram Arabic news website reported.

The value of the o...
Egypt Non-Oil Business Activity Slows
Egypt >> 7/10/2016 - Business activity in Egypt shrank for the ninth straight month in June on the back of further declines in output, new orders, and employment, a survey showed.

The Emirates NBD Egypt Purchasin...
Sisi Urges Maintaining Measures to Reduce Public Debt, Increase Foreign Reserve
Sisi Urges Maintaining Measures to Reduce Public Debt, Increase Foreign Reserve Egypt >> 7/10/2016 - President Abdel Fattah El Sisi underlined the importance of taking all necessary measures to continue reducing public debt and increasing foreign reserve.

The remark was made at a meeting ...
Egypt Participates for 1st time in G20 Trade Ministers Meeting in Shanghai
Egypt Participates for 1st time in G20 Trade Ministers Meeting in Shanghai Egypt >> 7/10/2016 - Egypt participates for the first time in the G20 trade ministers meeting, which kicked off early in Shanghai in China.

Chinese Commerce Minister Gao Hucheng inaugurated the two-day meeting...
Sherif Ismail in Meeting with the Governor of North Sinai
Sherif Ismail in Meeting with the Governor of North Sinai Egypt >> 7/10/2016 - Engineer Sherif Ismail, President of the Council of Ministers, met today evening, major general Abdul Fattah Harhour the governor of North Sinai with the presence of General Mohamed Shawqi Rashwan, he...
Foreign investment, youth workshops imperative to achieve Saudi Vision 2030
Saudi Arabia >> 7/11/2016 - In order to attract foreign investors, Saudi Arabia is well on its way to opening up markets and adapting regulations to enhance ‘Ease of Doing Business’ in the country, according to Pearl Initiative,...
53 Vessels Cross Suez Canal
53 Vessels Cross Suez Canal Egypt >> 7/11/2016 - Fifty-three ships transited the Suez Canal, with a total cargo of 2.7 million tons.

The south-bound convoy included 25 vessels carrying 1.2 million tons, while the north-bound convoy included...
NBE Ranked 1st in Managing Syndicated Loans in Egypt, Africa
NBE Ranked 1st in Managing Syndicated Loans in Egypt, Africa Egypt >> 7/11/2016 - The National Bank of Egypt (NBE) was ranked first as the best bank in managing syndicated loans in Egypt and Africa after achieving a market share of 26.5%, against 9% during the same period in the pa...

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