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Egypt Sees Budget Deficit of 5pct in Jul-Dec of 2016/17, Targets 10pct in Full Fiscal Year
Egypt >> 1/15/2017 - The government is due to start its promotional tour to issue $2-2.5 billion in dollar-denominated Eurobonds in the global bond market

Egypt’s budget deficit registered 5.1 percent in the firs...
Finance Ministry Auctions EGP 11.5bn T-Bills
Egypt >> 1/16/2017 - The Finance Ministry auctioned treasury bills at a total value of 11.5 billion pounds.

In an online statement, the ministry said it sold six billion pounds of 91-day T-bills. The average yiel...
Gulf Markets Edge Down in Early Trade on Q4 Earnings
United Arab Emirates >> 1/16/2017 - Gulf stock markets edged down in early trade after several earnings misses by major companies, with Kuwait stalling after a very strong start to the year.

Qatar's index slipped 0.2 percent a...
Global Telecom Approves Buyback of 524.6 Mln Shares at EGP 7.9
Egypt >> 1/16/2017 - Global Telecom Holding Board approves buyback of 524.6 million treasury shares at price of EGP 7.90

Board approves bridge loan of $200 million from financial institutions
Dhabi Crown Prince Receives Japanese Minister of Economy, Trade and Industry
United Arab Emirates >> 1/16/2017 - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Hiroshige Seko, Japanese Minister of Economy, Trade and Indust...
President of Kazakhstan visits Abu Dhabi International Financial Centre
United Arab Emirates >> 1/16/2017 - Abu Dhabi Global Market, ADGM, the international financial centre in the capital of the UAE, received President Nursultan Nazarbayev of the Republic of Kazakhstan during his official visit to the coun...
Dubai Financial Services Published Findings in International Financial Centre
United Arab Emirates >> 1/16/2017 - Dubai Financial Services Publishes Findings of Trade Finance Review in International Financial Centre

The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detaili...
Egypt to Tap The Markets Agro-Products in Uganda - Min
Egypt >> 1/17/2017 - Egypt agrees with Uganda on tapping markets for Egyptian agro-products in the African state.

During a meeting with Ugandan Minister of Agriculture, Animal Industry and Fisheries Vincent Ssesm...
House Speaker Urges Belarus to Support Egyptian Efforts
Egypt >> 1/17/2017 - Speaker of the Egyptian House of Representatives Ali Ali Abdel Aal called on Belarus President Alexander Lukashenko to support efforts exerted by Egypt to sign a free trade agreement with the Eurasia...
Egypt, China Sign Memo of Understanding For Information Linkage
Egypt >> 1/17/2017 - The memo also aims at developing cooperation in the technological and industrial technology through the application of a new program aiming at linking Egyptian cities with their Chinese counterparts.<...
Sisi Urges Setting Up Strategic Vision for Investment to Maximize Business Opportunities
Sisi Urges Setting Up Strategic Vision for Investment to Maximize Business Opportunities Egypt >> 1/17/2017 - President Abdel Fattah El Sisi said that drawing up a strategic vision for the investment will maximize investment opportunities with high economic feasibility and provide new jobs.

Speaking...
Dubai Grew 2.7% In 2016, 3.1% Growth Expected in 2017: Ahmed Bin Saeed Al Maktoum
United Arab Emirates >> 1/17/2017 - His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation, Chief Executive of the Emirates Group and Chairman of the Economic Development Committee in Dubai, said the economy o...
Massive ‘Invest in Sharjah’ presence at Vibrant Gujarat Global Summit 2017
United Arab Emirates >> 1/17/2017 - The Emirate of Sharjah has made a striking impact at India’s Vibrant Gujarat Global Summit 2017, one of that nation’s most important business forums.

As home to the region’s largest industri...
Uber Announces Fare Increase
Egypt >> 1/17/2017 - Uber company raised the starting fares of its rides from LE4 to LE5 for economy taxis, and from LE5 to LE6 for the premium service.

Careem's starting fare meanwhile is set at LE5.5.
The Egyptian Exchange Gains EGP 5bn
The Egyptian Exchange Gains EGP 5bn Egypt >> 1/18/2017 - The Egyptian Exchange (EGX) gained about five billion pounds at the end of trading on the back of purchase operations by foreign investment funds.

The EGX 30 benchmark index upped by 1.29 per...
Trade Minister to Review Investment Opportunities in Egypt at Davos Forum
Trade Minister to Review Investment Opportunities in Egypt at Davos Forum Egypt >> 1/18/2017 - Speaking from Davos, where he is attending the inauguration of the world economic forum, Trade Minister Tarek Qabil said he will review investment opportunities in Egypt.

Qabil told MENA corr...
Egyptair Announces Special Offers on Domestic Round-Trip Tickets
Egypt >> 1/18/2017 - EgyptAir Holding Company announced special offers for one-day round trips from Cairo and Borg al-Arab airports to domestic destinations like Sharm el-Sheikh, Hurghada, Luxor, and Aswan, said company C...
DHABI :UAE Ministry of Economy Signs Memorandum of Cooperation with Japan on Smes And Innovation
United Arab Emirates >> 1/18/2017 - The UAE Ministry of Economy, MoE, has signed a Memorandum of Cooperation, MoC, with its counterparts from Japan on key aspects concerning innovation and small and medium enterprises, SMEs, to promote ...
DUBAI: NAEEM Shares and Bonds Becomes Member of Nasdaq Dubai’s Equity Futures Market
United Arab Emirates >> 1/18/2017 - NAEEM Shares and Bonds, NSB, brokerage has joined Nasdaq Dubai’s equity futures platform as a member in order to connect its UAE, Egyptian and international clients to the fast growing market.

...
DHABI: Tabreed Acquires ICT’s District Cooling Plant
United Arab Emirates >> 1/18/2017 - The National Central Cooling Company, Tabreed, the leading UAE-based district cooling utility company, announced the acquisition of a district cooling plant from International Capital Trading , ICT.<...

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