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Dubai: Central Bank Issues Statement on Impending Merger of NBAD And First Gulf Bank
United Arab Emirates >> 3/28/2017 - With the impending merger of National Bank of Abu Dhabi and First Gulf Bank, the last date for The Emirates Interbank Offered Rate, EIBOR, submissions by First Gulf Bank , the Central Bank of the UAE ...
Egypt: 51 Ships Transit Suez Canal
Egypt >> 3/28/2017 - Fifty-one ships transited the Suez Canal with a total cargo of 2.7 million tons.

The south-bound convoy included 30 vessels carrying around 1.4 million tons, while the north-bound convoy inc...
Egypt: US Dollar Exchange Rate Stable Trading
Egypt: US Dollar Exchange Rate Stable Trading Egypt >> 3/28/2017 - The exchange rate of US dollar was stable during trading

The US dollar recorded EGP 18.00 for buying and EGP 18.10 for selling at the National Bank of Egypt, Banque Misr and Banque du Caire....
Egypt SIGNS 4 ACCORDS with Afd tO OFFER 259 MLN EUROS
Egypt SIGNS 4 ACCORDS with Afd tO OFFER 259 MLN EUROS Egypt >> 3/28/2017 - Prime Minister Sherif Ismail witnessed the signing of four agreements with the French Development Agency (AFD).

The accords will provide 259 million Euros to finance projects in the fields of...
Egyptian Investment Minister Promises Legal Reforms to Support Investors
Egyptian Investment Minister Promises Legal Reforms to Support Investors Egypt >> 3/28/2017 - Egyptian Minister of Investment and International Cooperation Sahar Nasr promised at a meeting by the American Chamber of Commerce in Egypt legal reforms that would support investors and minimise obs...
Dubai: UAE Banks' Credit to Industrial Sector Grows by 190 Percent in 10 Years
United Arab Emirates >> 3/29/2017 - The UAE bank credit to the industrial sector grew by 190 percent to AED70 billion over the past decade, accounting for 4.8 percent of the total loans channelled to business sectors in the UAE by the e...
Dubai Chamber Reviews the Emirates Economic Landscape with Diplomats
United Arab Emirates >> 3/29/2017 - Al Ghurair: Building linkages and communicating with the diplomatic community is essential for the economic growth of Dubai Al Mutaiwee: Diplomats play a key role in forging partnerships between coun...
Egypt: €115 Mln Financing Agreement for Wind Station In Gulf of Suez Singned
Egypt: €115 Mln Financing Agreement for Wind Station In Gulf of Suez Singned Egypt >> 3/29/2017 - Minister of Investment and International Cooperation Sahar Nasr took part in the signing ceremony of a €115 million financing agreement for the establishment of a wind station in the Gulf of Suez.
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Egypt Plans to Raise Exports to $34 Billion by 2020
Egypt >> 3/29/2017 - Egypt plans to raise exports to $34 billion from $19 billion by 2020, the Trade and Industry Ministry said in a statement

"The ministry has almost completed its strategy to double its export...
Amr El-Garhy Egypt Expects Inflation to Start Easing by December
Amr El-Garhy Egypt Expects Inflation to Start Easing by December Egypt >> 3/30/2017 - Egypt expects inflation to start easing by November or December, a year after abandoning its currency peg and seeing prices soar as the pound lost half its value, Finance Minister Amr El-Garhy said .<...
Sherif Ismail Witnesses Signing of Two Agreements
Sherif Ismail Witnesses Signing of Two Agreements Egypt >> 3/30/2017 - Prime Minister Sherif Ismail witnessed the signing of an agreement between the ministries of social solidarity and finance.

The agreement stipulates that the public treasury will re-pay over ...
The Egyptian Exchange Bourse Gains EGP 2.9 Bln
The Egyptian Exchange Bourse Gains EGP 2.9 Bln Egypt >> 3/30/2017 - The Egyptian Exchange (EGX) indexes went up at the close of trading amid purchase operations by foreign investors.

The market capital gained about EGP 2.9 billion to reach EGP 655.2 billion, ...
Morocco's BMCE Bank Reports Record Net Profit For 2016
Morocco >> 3/30/2017 - Moroccan lender BMCE Bank of Africa said its 2016 net profit rose 4 percent to a record 2 billion dirhams ($204 million) thanks to rising margins and commission income.

Consolidated net incom...
Dubai Economy adopts Global Star Rating System for Services to enhance customer happiness
United Arab Emirates >> 3/30/2017 - Dubai Economy announced the adoption of the ‘Global Star Rating System for Services’ for application across commercial establishments in the emirate in the presence of Ohood bint Khalfan Al Roumi, Min...
UAE Ministry of Economy seeks stronger ties with Turkey, Brazil and El Salvador on sidelines of GMIS
United Arab Emirates >> 3/30/2017 - The Ministry of Economy has discussed prospects to boost industrial, investment and trade cooperation with Turkey, Brazil and El Salvador on the sidelines of the Global Manufacturing and Industrialisa...
Kuwaiti FM Heads to Saudi Arabia for GCC Meeting
Kuwait >> 3/30/2017 - First Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah headed to Saudi Arabia to partake in the 142nd meeting for the GCC Foreign Ministers.
Tareq Qabil: Egypt-US Economic Ties Improving
Tareq Qabil: Egypt-US Economic Ties Improving Egypt >> 4/1/2017 - Trade and Industry Minister Tareq Qabil said that economic relations with Washington are witnessing a quantum leap.

President Abdel Fattah El Sisi's visit to the US is sure an important step...
Huge Chinese investments to be injected into SCZone
Egypt >> 4/1/2017 - Huge Chinese investments, especially in the textile domain, will be pumped into Ein Sokhna area in the coming period, said the chairman of the General Authority for the Suez Canal Economic Zone (SCZon...
Egypt Discusses with Apache Boosting Investments in Egypt
Egypt >> 4/1/2017 - Petroleum and Mineral Resources Minister Tarek el-Molla met with CEO of Apache Corporation John Christmann and his accompanying delegation for talks on boosting the company's investments in Egypt.
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Egypt: GAFI CEO heads to Dubai to participate in AIM 2017
Egypt >> 4/1/2017 - The General Authority for Investment and Free Zones (GAFI) CEO Mohamed Khodeir headedon for Dubai to take part in the activities of the seventh round of the Annual Investment Meeting (AIM 2017).

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