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Financials and Investment News

Azerbaijan President Receives Dubai Chamber Chairman
United Arab Emirates >> 11/20/2016 - Ilham Aliyev, President of Azerbaijan, has received Majid Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry, on the sidelines of his visit during the annual networking reception held b...
German Investments in Egypt Reach 1.6 Bln Euro
Egypt >> 11/20/2016 - The size of German investments in Egypt reached 1.6 billion Euro within the last period, announced Germany’s ambassador to Egypt, Julius Georg Luy.

According to the ambassador, the investmen...
Egypt's Suez Canal Sees Revenue down 7pct Year-On-Year
Egypt's Suez Canal Sees Revenue down 7pct Year-On-Year Egypt >> 11/21/2016 - Egypt's revenue from Suez Canal commerce for the month of October registered $418.1 million, down 7 percent compared to the same month last year, according to the state’s information portal.

...
Dubai Improves Ranking On Global Innovation Index
United Arab Emirates >> 11/21/2016 - Dubai has improved its ranking to claim the 15th position on the second edition of the Dubai Innovation Index, which was released by the Dubai Chamber of Commerce and Industry on the side-lines of the...
UAE Official: VAT Will Reflect Positively On Economy
United Arab Emirates >> 11/21/2016 - Valued-added tax, VAT, to be introduced in the UAE in early 2018, will reflect positively on the economy and the government's financial stability, as the money levied will be used to launch new develo...
Egyptian Banks Attract $3 Bln After Currency Float
Egyptian Banks Attract $3 Bln After Currency Float Egypt >> 11/21/2016 - Egyptian banks have attracted some $3 billion since Egypt floated its pound earlier this month, central bank sub-governor Tarek Fayed said at a conference.

The central bank abandoned its curr...
Tarek Qabil: Sisi's Visit to Lisbon Aims at Boosting Trade Cooperation with Portugal, Mercosur
Tarek Qabil: Sisi's Visit to Lisbon Aims at Boosting Trade Cooperation with Portugal, Mercosur Egypt >> 11/22/2016 - Trade and Industry Minister Tareq Qabil said that President Abdel Fattah El Sisi's visit to Lisbon aims at promoting cooperation with Portugal and the economic and political bloc "Mercosur" in all fie...
Cairo Increases White Taxi Rates By 25% after Fuel Price Hikes
Egypt >> 11/22/2016 - Cairo’s governor has increased the tariffs of the city’s white taxis by 25 percent in the wake of hikes in fuel prices earlier this month, part of a package of government economic reforms.

Ta...
Paris, Cairo Talk to Establish French Industrial Zone in Alexandria
Egypt >> 11/22/2016 - Egypt and France are negotiating to establish a French industrial zone in Alexandria, announced French Chamber of Trade and Industry in Egypt General Director Hassan Bahnam.

“The zone that is...
Egypt’s Suez Canal Revenues Reach $3.7 Bln in 10 Months
Egypt’s Suez Canal Revenues Reach $3.7 Bln in 10 Months Egypt >> 11/22/2016 - Egypt’s Suez Canal revenue reached $3.7 billion in ten months in 2016, state-owned news agency reported.

According to statistics issued from the Suez Canal Authority, a total of 9,745 ships c...
Kuwait Donates USD Eight Mln for Humanitarian Aid in Mosul
Kuwait >> 11/22/2016 - Kuwait has recently donated USD eight million to support humanitarian efforts for around 10,000 internally displaced persons in Mosul, Iraq, the UN High Commissioner for Refugees (UNHCR) announced.
Dubai Chamber Hosts Big 5 Business Networking Meeting
United Arab Emirates >> 11/22/2016 - The Dubai Chamber of Commerce and Industry hosted the Big 5 Breakfast Briefing 2016, a business networking meeting for its private sector members and their regional and global counterparts from the co...
UAE Focusses On Tourism to Boost Post-Oil Economy
United Arab Emirates >> 11/23/2016 - The UAE takes a keen interest in the tourism sector as it is one of the main pillars to prop the post-oil economy, said Sultan bin Saeed Al Mansouri, Minister of Economy.

Under the directives...
Egypt Keen on Facing All Economic Challenges
Egypt Keen on Facing All Economic Challenges Egypt >> 11/23/2016 - Industry and Trade Minister Tarek Qabil affirmed the keenness of the Egyptian government on facing all economic challenges and overcoming the current unprecedented hardships.

Addressing an ...
EU Highlights Egypt's Role in Cooperation Program
Egypt >> 11/23/2016 - Head of cooperation program at EU delegation in Egypt Diego Escalona Paturel has praised the EU cooperation program in the Mediterranean region.

Addressing the inaugural session of the conf...
Egypt Targets to Raise $6 Bln from Global Bonds In 2017
Egypt Targets to Raise $6 Bln from Global Bonds In 2017 Egypt >> 11/23/2016 - Egypt will offer the bond issuance by mid-January, seeking to collect $6 billion in 2017, said Egyptian Minister of Finance Amr El-Garhy in an interview with Bloomberg published.

“We were pla...
Economic Ministerial Committee to Review Investment Bill Next Week
Economic Ministerial Committee to Review Investment Bill Next Week Egypt >> 11/23/2016 - The economic ministerial committee reviewed in its meeting under Prime Minister Sherif Ismail a draft law on regulating investment incentives.

The law is aimed at luring investments to help...
KFAED Signs USD 13.6 Mln Loan Agreement with Togo
Kuwait >> 11/23/2016 - The Kuwait Fund for Arab Economic Development (KFAED) has signed a USD 13.6 million loan agreement with the Republic of Togo to finance development projects in the West African country.

Accor...
Kuwaiti Donates USD 6 Mln to Help Iraqis
Kuwait >> 11/24/2016 - Kuwait handed in a sum of USD six million to the United Nations Development Programme (UNDP) and the United Nations International Children's Emergency Fund (UNICEF) to provide relief aid to the Iraqi ...
Sahar Nasr Urges Forging Arab Economic Strategy to Lift Living Standards
Sahar Nasr Urges Forging Arab Economic Strategy to Lift Living Standards Egypt >> 11/24/2016 - Visiting Egyptian International Cooperation Minister Sahar Nasr underlined the importance of laying down a unified Arab economic strategy to raise living standards in the Arab world.

Addr...

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