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Egyptian Trade Mission to Kenya Aims to Promote Economic Ties
Egypt >> 2/12/2017 - An Egyptian trade mission to Kenya aims at enhancing trade and economic relations between the two countries, Trade and Industry Ministry First Undersecretary Ahmed Antar said , referring to arrangemen...
Sisi: Economy is Moving in Right Direction
Sisi: Economy is Moving in Right Direction Egypt >> 2/12/2017 - President Abdel Fattah El Sisi said that credible international reports indicate that the national economy is on the right track.

The remark was made at a meeting with the prime minister, th...
DAE Delivers First of Eight Boeing 737-800NG to Egyptair
Egypt >> 2/12/2017 - EgyptAir received its 1st Boeing 737-800 aircraft. This is the inaugural delivery of the Sale & Leaseback with PDP funding agreement between EgyptAir and Dubai Aerospace Enterprise (DAE) Ltd., which w...
Abu Dhabi discusses increasing industrial cooperation between companies in Abu Dhabi and India
United Arab Emirates >> 2/12/2017 - His Excellency Mohammed Thani Murshid Al-Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry and Chairman of the Abu Dhabi Chamber of Commerce and Industry, received His ...
Dubai : IMF Expects Global Economic Activity to Pick Up This Year
United Arab Emirates >> 2/12/2017 - number of Arab Ministers of Finance, governors of central banks, presidents of financial institutions, and senior officials and experts from regional and international financial organisations are atte...
Dubai : FGB Collaborates With ADGM to Place 1st Leasing Spvs into the ATM Franchise
United Arab Emirates >> 2/13/2017 - FGB, a leading UAE bank, has successfully concluded one of Abu Dhabi’s first Special Purpose Vehicle, SPV, aircraft financing deals, in collaboration with Abu Dhabi Global Market, ADGM, the Internatio...
DUBAI: Mof Organizes a High-Level Ministerial Session to Discuss Economic Diversification
United Arab Emirates >> 2/13/2017 - The Ministry of Finance (MoF), in cooperation with the Prime Minister’s Office and the International Monetary Fund (IMF), held a high-level closed session on economic diversification, on the sidelines...
Egypt: Three British Trade Missions Visit to Explore Investment Opportunities
Egypt >> 2/13/2017 - UK Prime Minister’s Trade Envoy, Sir Jeffrey Donaldson, along with 40 delegates from British companies arrive to Egypt this week “to assess new trade and investment opportunities and identify potentia...
Egypt's five- and 10-year bond yields fall at auction
Egypt >> 2/13/2017 - Egypt sold five-year and 10-year treasury bonds at lowers yields than at the previous sale, data from the central bank showed.

The average yield on the five-year bond dropped to 16.676 percen...
Egypt: Finance Ministry Auctions EGP 11bn T-Bills
Egypt >> 2/13/2017 - The Finance Ministry auctioned treasury bills at a total value of 11 billion pounds.

In an online statement, the ministry said it sold 5.75 billion pounds worth of 91-day T-bills with an aver...
Egypt's Rising Inflation Expected to Go Down in April
Egypt's Rising Inflation Expected to Go Down in April Egypt >> 2/13/2017 - Inflation is expected to ease in Egypt as of April after peaking in the first quarter of 2016/17, Egypt’s finance minister Amr El-Garhy said in a televised interview with Bloomberg.

Egypt's s...
Egypt's Petroleum Ministry, Italy's Eni, BP Sign Agreement on Zohr Gas Field
Egypt's Petroleum Ministry, Italy's Eni, BP Sign Agreement on Zohr Gas Field Egypt >> 2/14/2017 - Prime Minister Sherif Ismail attended the signing of an agreement between Egypt’s Petroleum Minister Tarek Mulla, Chief Executive Officer of Italian Oil Company Eni Claudio Descalzi and Chief Executi...
Egypt : Banks Collected $12.3 Bln Since Liberating Exchange Rate
Egypt >> 2/14/2017 - The Egyptian banks have collected $12.3 billion since a decision was taken to liberate the exchange rate on November 3, 2016, a source at the Central Bank of Egypt (CBE)

As many as $635 mill...
Egypt: US Dollar Continues Decline at NBE
Egypt >> 2/14/2017 - The US dollar exchange rate continued its decline at the National Bank of Egypt by 53 piasters . It registered LE16.85 for purchasing and LE16.9 for selling, compared to

LE17.38 for purchasi...
Egypt's Core Inflation Soars to A Record 30.86 Pct In January 2017
Egypt's Core Inflation Soars to A Record 30.86 Pct In January 2017 Egypt >> 2/14/2017 - The Central Bank of Egypt announced that the country's core inflation soared to a record 30.86 percent in January from 25.86 percent the previous month, as consumers continue to be hit with prices up...
Egypt’s economic transition could be 'coming to a close
Egypt >> 2/14/2017 - Egypt is making good progress in its economic reform program and the recent developments might be an indicator that the transition is coming to a close, International Monetary Fund Managing Director C...
Dubai: Union National Bank Announces Profit of AED1.58bn For 2016
United Arab Emirates >> 2/15/2017 - Union National Bank, UNB, reported net profits of AED1.58 billion in 2016 with an operating profit of AED2.35 billion, lower by 13 percent.

The operating income for 2016 was AED3.49 billion, ...
Kuwait, Brazil discuss boosting media cooperation
Kuwait >> 2/15/2017 - KUNA Board Chairman and Director General Sheikh Mubarak Duaij Al-Ibrahim Al-Sabah received Brazilian Ambassador to Kuwait at his office

During the meeting, the ambassador noted the important...
Egypt Lowers Customs Dollar Rate to EGP 16 Until end of February
Egypt >> 2/16/2017 - Egypt's Ministry of Finance set the customs dollar evening at an exchange rate of EGP 16, effective as, state news agency.

The new rate reflects the recent leap in the Egyptian pound's value ...
Kuwait Bourse Indices Unsteady Due to Various Factors
Kuwait >> 2/16/2017 - Boursa Kuwait witnessed diverse developments such as setting new pricing for a large number of stocks and profit generation and speculations thus causing main indices to be unsteady.

Benchma...

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