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Egypt's Embassy in Rome Hosts Symposium on New Investment Law
Egypt >> 5/28/2017 - The Egyptian Embassy in Rome hosted a symposium on the new investment law.

The event was attended by major Italian firms, topped by VINAVIL company for petrochemical industries that have been...
Kuwait Urges "New Mechanism" For Arab Customs Union
Kuwait >> 5/29/2017 - Finding a "new mechanism" is essential for forming Arab Customs Union and, eventually, Arab joint market, a Kuwaiti official stressed

It is important to evaluate the past 19 years of activi...
Egypt: India's TCI Sanmar Chemicals Beefs up Investments In Egypt to $1.5bn
 Egypt: India's TCI Sanmar Chemicals Beefs up Investments In Egypt to $1.5bn Egypt >> 5/29/2017 - Investment and International Cooperation Minister Sahar Nasr had a meeting with Board Chairman of India's TCI Sanmar Chemicals in Egypt PS Jayarama to discuss raising its investments in Egypt in the ...
Egypt Cabinet Approves Raising Minimum Income Tax Threshold to LE 7,200
Egypt >> 5/29/2017 - Egypt's cabinet approved raising the minimum income tax threshold to 7,200 Egyptian pounds ($398) a year from 6,500 pounds, Deputy Finance Minister for fiscal policies, Amr Al-Munir told a news confer...
UAE Ministry of Economy Raises Awareness of the Private General Data Protection Regulation
United Arab Emirates >> 5/29/2017 - The Ministry of Economy has emphasised its commitment towards raising awareness of the UAE’s private sector regarding the latest policies, legislations and administrative procedures adopted by the int...
Egypt Attracts $1bn Foreign Investments after Raising Interest Rates
 Egypt Attracts $1bn Foreign Investments after Raising Interest Rates Egypt >> 5/29/2017 - Egypt attracted one billion dollars in foreign investments after the decision of raising interest rates last week, Central Bank of Egypt (CBE) governor Tarek Amer said

Amer added that the CB...
Kuwaiti Stocks Close Up
Kuwait >> 5/30/2017 - Kuwaiti stocks closed trading in the green zone.

The benchmark went up by 63.98 points to settle at 6,726 points.

The Weighted and KSX 15 indices also rose by 0.94 and 0.76 points re...
Abu Dhabi: ADIB Global Investment Outlook Takes an Overweight View on GCC and European Equities
United Arab Emirates >> 5/30/2017 - In its latest Global Investment Outlook presentation, Abu Dhabi Islamic Bank, ADIB, has suggested that investors should consider taking an "overweight" position on GCC and European equities as well as...
Egyptian Exports Exceed $7BN in First Four Months Of 2017
Egyptian Exports Exceed $7BN in First Four Months Of 2017 Egypt >> 5/30/2017 - Egyptian exports reached $7.438 billion during the first four months of 2017, said Trade and Industry Minister Tareq Qabil

This is a 14-percent rise on the same period in 2016, when exports...
Egypt: Arab Investors Union Chief Hails Egypt-EU Agreement
Egypt >> 5/31/2017 - Egypt's partnership agreement with the EU includes several mechanisms to improve the competence of the government bodies and its work methods, said the chief of the Arab investors union Gamal Bayoumi....
Abu Dhabi Global Market Proposes New Foundations Regime to Address Regional and Global Needs
United Arab Emirates >> 5/31/2017 - Abu Dhabi Global Market, ADGM, has issued a public consultation paper inviting feedback on its proposal to establish a legislative and regulatory framework for foundations within ADGM.

ADGM F...
Abu Dhabi: Rising Dirham-Denominated Banking Deposits Reflect Growing Confidence in UAE Economy
United Arab Emirates >> 5/31/2017 - In a bullish sign reflecting the growing confidence in the UAE economy and improvement in the investment climate, UAE Dirham-denominated deposits with the banking sector in the country amounted to AED...
Kuwait Bourse Ends Trading in Green Zone
Kuwait >> 5/31/2017 - Boursa Kuwait, the country's official stock exchange, ended trading in the green zone.

The benchmark went up by 58.5 points to settle at 6,785.37 points.

The Weighted and KSX 15 in...
Egypt: Foreign Investments in Egyptian Government Securities Jump 13 Percent
Egypt: Foreign Investments in Egyptian Government Securities Jump 13 Percent Egypt >> 5/31/2017 - Foreign investment in Egyptian government securities rose 13 percent in the past week to hit 136 billion Egyptian pounds ($7.53 billion), the head of public debt at Egypt's Finance Ministry, Sami Khal...
Egypt Says Next Review for IMF Lending Programme to Be In November or December
Egypt Says Next Review for IMF Lending Programme to Be In November or December Egypt >> 6/1/2017 - Egyptian Finance Minister Amr El-Garhy said that the next review for the country's $12 billion three-year International Monetary Fund lending programme will be in either November or December.

...
Abu Dhabi National Takaful Earns AED20.1 Million Net Profit in Q1, 2017
United Arab Emirates >> 6/1/2017 - Abu Dhabi National Takaful Co., ADNTC, has announced its first quarter, Q1, 2017 results with a net profit of AED20.1 million, showing an increase of 12 percent over the net profit of AED18.1 million ...
Egypt: Bourse Gains EGP 2.6 Billion
Egypt: Bourse Gains EGP 2.6 Billion Egypt >> 6/1/2017 - The Egyptian Exchange indices recorded different performance gains at the close of trading.

The market capital achieved gains worth EGP 2.6 billion to reach EGP 675.9 billion, after transacti...
Morocco Trade Deficit Widens 35.8 Pct in First Four Months
Morocco >> 6/3/2017 - Morocco's trade deficit widened 35.8 percent to 40.23 billion dirhams ($4.14 billion) in the first four months of 2017 compared with a year earlier, driven by increased imports, the foreign exchange r...
Egypt, Germany Discuss Arrangements for Berlin Investment Forum
Egypt, Germany Discuss Arrangements for Berlin Investment Forum Egypt >> 6/3/2017 - Investment and International Cooperation Minister Sahar Nasr discussed with CEO of the German-Arab Chamber of Industry and Commerce Andreas Hergenröther final preparations for holding an annual joint ...
Dubai: New UAE Bank Merger Recognised As Leading Institution In UAE
United Arab Emirates >> 6/4/2017 - First Abu Dhabi Bank, FAB, has been named ‘Best Bank for Financing in the Middle East’ and ‘Best Investment Bank in the United Arab Emirates’ at the prestigious 2017 Euromoney Middle East Awards for E...

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