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Amr Al Garhy:IMF loan aims to redress budget deficit
Amr Al Garhy:IMF loan aims to redress budget deficit Egypt >> 8/2/2016 - Finance Minister Amr Al Garhy said the IMF did not call for introducing any taxation amendments or laying off two million state civil servants from the state machinery.

Garhy said the IMF ...
Saudi Arabia Largest Importer of Gold from UAE in 2015
United Arab Emirates >> 8/2/2016 -  A recently-released Dubai Chamber of Commerce and Industry special report has revealed that the UAE is becoming increasingly competitive in Saudi Arabia’s import market, as the Kingdom constitutes th...
UAE Remains Top Investment Destination for GCC Citizens
United Arab Emirates >> 8/2/2016 -  The UAE has maintained its position as a top investment destination for citizens of the Gulf Cooperation Council, GCC, with 1,899 new licenses granted to GCC citizens to practice economic activities ...
Japan imports 24.7 million barrels of crude oil from UAE in June 2016
United Arab Emirates >> 8/2/2016 - According to data released by the Agency of Energy and Natural Resource in Tokyo, Japan imported 24.7 million barrels of crude oil from the United Arab Emirates in June, 2016, accounting for 26.4% of ...
Coup Costs Turkey Economy $100 billion
Turkey >> 8/2/2016 - The foiled coup attempt seeking to unseat the government of President Recep Tayyip Erdogan has cost the Turkish economy 300 billion lira ($100 billion/90 billion euro), the trade minister was quoted a...
Small, medium enterprises crucial for Kuwait economy
Small, medium enterprises crucial for Kuwait economy Kuwait >> 8/2/2016 - Small and medium enterprises constitute some of the main pillars for economies -- namely that of the State Kuwait -- at the global level, said the Minister of Information.

The Ministry of Inf...
Egypt:State-owned oil, banking and electricity firms to be privatized
Egypt >> 8/2/2016 - The Egyptian government will target state-owned firms in the banking, petroleum and electricity sectors for the first wave of its privatization program, selecting several companies for initial public ...
Iran, Germany sign first petrochemical contract
Iran >> 8/2/2016 - Iran's Kian Petrochemical Company and German chemical giant Linde Group have signed a contract for cooperation in the petrochemical industry.

Linde desires to cooperate with Iran in the frame...
Pakistan, Turkey agree to form strategic economic partnership
Turkey >> 8/2/2016 - Pakistan and Turkey agreed to transform their warm relationship into a durable strategic and economic partnership during a delegation level talk headed by visiting Turkish Foreign Minister, Mevlut Cav...
Sisi: Suez Canal vital facility of int'l trade movement
Sisi: Suez Canal vital facility of int'l trade movement Egypt >> 8/3/2016 - President Abdel Fattah El Sisi has stressed the importance of upgrading the Suez Canal Authority (SCA), which he called a vital facility of international trade movement.

Sisi, at a meeting...
Sherif Ismail,Siemens chief discuss energy, railway projects
Sherif Ismail,Siemens chief discuss energy, railway projects Egypt >> 8/3/2016 - Prime Minister Sherif Ismail held a meeting with the chief executive of Siemens to discuss energy projects and plans to manufacture rail tractors.

The meeting was attended by the ministers...
Egypt, FDA ink two agreements
Egypt, FDA ink two agreements Egypt >> 8/3/2016 - Minister of International Cooperation Sahar Nasr signed a grant agreement with the director of the French Development Agency (FDA) bureau in Cairo.

The one-million-euro grant will be chann...
Egyptian Gov't to provide funding for 351 dangerous slums' development
Egyptian Gov't to provide funding for 351 dangerous slums' development Egypt >> 8/3/2016 - Prime Minister Sherif Ismail said his government works to provide funding for development projects of dangerous slums home to 850,000 people.

During a visit to the Housing Minister, the pre...
Egypt:Investor's residence law to be amended
Egypt:Investor's residence law to be amended Egypt >> 8/3/2016 - The Egyptian government will introduce amendments to the residency law allowing foreign investors to get a five-year residency permit after making a foreign currency deposit, Cabinet spokesman Hossam ...
Kuwait: Cabinet adamant to combat economic challenges
Kuwait >> 8/3/2016 - National Assembly Speaker Marzouq Al-Ghanim stressed that the Cabinet's decision to start rationalizing fuel subsidies is an indication that it is adamant to take on full responsibility to face the cu...
World Bank to provide $500 mn for Upper Egypt development
World Bank to provide $500 mn for Upper Egypt development Egypt >> 8/3/2016 - The Egyptian government signed a deal with the World Bank for US$500 million in funding for an economic development program in Upper Egypt.

The program will be applied in the most needy so...
Sisi confers with solidarity minister on social issues
Sisi confers with solidarity minister on social issues Egypt >> 8/4/2016 - President Abdel Fattah El Sisi conferred with Social Solidarity Minister Ghada Wali.

During the meeting, Sisi stressed the importance that economic reforms would take into account the socia...
UAE: MoF and local Free Zones discuss enhanced trade and investment
United Arab Emirates >> 8/4/2016 - The UAE Ministry of Economy recently met with several Free Zones at its headquarters in Abu Dhabi to strengthen strategic partnerships and mutual cooperation.

The participants exchanged views...
Egypt cabinet approves plan to issue $3-5 bln in eurobonds
Egypt cabinet approves plan to issue $3-5 bln in eurobonds Egypt >> 8/4/2016 - Egypt's cabinet has approved plans for an international bond issuance of between $3 billion and $5 billion, a finance ministry official said

The official said Egypt would initially target $...
Amr Al Garhy:VAT law passed end Aug/early Sept
Amr Al Garhy:VAT law passed end Aug/early Sept Egypt >> 8/4/2016 - Egyptian Finance Minister Amr El-Garhy expects parliament to pass a long-awaited law to introduce Value Added Tax (VAT) by the end of August or early September.

Egypt, which is in talks wit...

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