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Financials and Investment News

Export Development Bank of Egypt FY Consol Profit Falls
Egypt >> 3/23/2017 - Export Development Bank Of Egypt FY consol net profit EGP 246.4 million versus EGP 261.1 million year ago

FY consol interest income EGP 1.32 billion versus EGP 985.5 million year ago
Average Yields Fall On Egyptian Six-Month and One-Year T-Bills
Egypt >> 3/23/2017 - Average yields on Egypt's six-month and one-year treasury bills fell slightly at an auction , data from the central bank showed.

The average yield on the 182-day treasury bills fell to 19.379...
Dubai Chamber Seeks to Boost Ties with RACK And Madinah
United Arab Emirates >> 3/23/2017 - The Dubai Chamber of Commerce and Industry hosted representatives from the Ras al-Khaimah Chamber of Commerce and Industry and Saudi Arabia’s Madinah Chamber of Commerce and Industry at its head offic...
Sahar Nasr Establishing investment complex in Qena costs EGP 43 million
Sahar Nasr Establishing investment complex in Qena costs EGP 43 million Egypt >> 3/25/2017 - Minister of Investment and International Cooperation Sahar Nasr said that the establishment of an investment services complex in Qena, Upper Egypt, would start next week and would take no more than 1...
Sahar Nasr Investment Minister Meets GAFI Board
Sahar Nasr Investment Minister Meets GAFI Board Egypt >> 3/25/2017 - Investment and International Cooperation Minister Sahar Nasr held a meeting with the board of the General Authority for Investment and Free Zones (GAFI).

In a statement , Nasr said she urged ...
Sahar Nasr Confers with Delegation from Egypt-US Business Council
Egypt >> 3/25/2017 - Minister of Investment and International Cooperation Sahar Nasr has met with a delegation from Egypt–US Business Council, led by its chairman Omar Mehanna.

The meeting was attended by represe...
Tarek Qabil Targets of Five-Year Plan to Provide 3m Jobs Achieved
Tarek Qabil Targets of Five-Year Plan to Provide 3m Jobs Achieved Egypt >> 3/25/2017 - Minister of Trade and Industry Tarek Qabil announced that the ministry has successfully achieved the targets of its strategy to provide three million job opportunities in a five-year plan of 2016-2020...
Sahar Nasr Investment Minister Takes Part in WB Workshop on Sustainable Development
Egypt >> 3/26/2017 -  Investment and International Cooperation Minister Sahar Nasr took part in a workshop organized by the World Bank on ways of achieving the sustainable development goals.

Representatives of S...
Egypt Attracts $3.1 Billion Foreign Investment in Domestic Debt since Flotation
Egypt >> 3/26/2017 - Egypt attracted $3.1 billion of foreign investment in domestic debt instruments since the flotation of the pound in November up until mid-March, Deputy Finance Minister Ahmed Kojak

Kojak sai...
UAE Is Committed to Further Strengthening Trade and Economic Relations with Mexico
United Arab Emirates >> 3/26/2017 - The UAE is committed to further strengthening trade and economic relations with Mexico and maximising the potentials of their partnership, said Sultan bin Saeed Al Mansouri, Minister of Economy, durin...
Dubai: Mof Organises Workshops in Preparation for The 2018 Federal Budget
United Arab Emirates >> 3/26/2017 - A total of 11 training workshops were conducted by the Ministry of Finance, MoF, in March, to train and initiate federal entities on the preparation of the draft of the federal budget for the fiscal y...
Kuwait: Arab Business Sector Looks Forward To Economic Integration
Kuwait >> 3/26/2017 - The Arab business sector is looking forward to promote an economic integration towards wider and more comprehensive spaces to achieve a decent life for the Arab citizen.

This sector hopes th...
Egypt to Allocate 1 Pct of GDP for Social Protection Programmes in 2017/18
Egypt >> 3/26/2017 - Egypt's GDP stood at EGP 2.7 trillion in the fiscal year 2015/16, according to the latest data of the Central Bank of Egypt

Egypt's finance ministry plans to allocate a part of the savings ma...
Sherif Ismail Includes Migration Minister in Board of NCDHR
Sherif Ismail Includes Migration Minister in Board of NCDHR Egypt >> 3/27/2017 - Prime Minister Sherif Ismail issued a decision to include Minister of State for Immigration and Expatriates Affairs Nabila Makram in the board of the National Council for the Development of Human Reso...
The Egyptian Exchange Gains LE3.1bn
The Egyptian Exchange Gains LE3.1bn Egypt >> 3/27/2017 - The Egyptian Stock Exchange (EGX) gained LE3.1 billion at the end of trading amid purchase operations by foreign and Arab investment funds and sales by Egyptian investors.

The EGX 30 benchma...
Emirati Investments in Industrial Sector Stood at Aid 112 Billion in 2016
United Arab Emirates >> 3/27/2017 - Emirati investments in the industrial sector amounted to AED112 billion in 2016, accounting for 86 percent of the total investments in this vital sector to the national economy, UAE Minister of Econom...
DUBAI: DIB Launches Panin Dubai Syariah Bank in Indonesia
United Arab Emirates >> 3/27/2017 -  Dubai Islamic Bank, DIB, has celebrated the launch of Panin Dubai Syariah Bank in Indonesia.

The event was attended by DIB Group CEO Dr. Adnan Chilwan, key local officials including Muliaman...
Saudi: Deputy Crown Prince Chairs Economic Affairs' Council Meeting
Saudi Arabia >> 3/28/2017 - Under the chairmanship of Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense, the Economic and Development Affairs' Council held a meeting, at Al-Yama...
Qatari, French Fms Mull over Ties
Qatar >> 3/28/2017 - Qatari Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani and French Minister of Foreign Affairs Jean-Marc Ayrault discussed ways of promoting and developing bilateral relations.
Qatar to Invest 5 Billion Pounds in the UK in Next 3-5 Years
Qatar >> 3/28/2017 - The government of Qatar announced that it will invest 5 billion pounds in the UK over the next three to five years.

The announcement was made during a Qatar-UK business investment forum in L...

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