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Kuwait Signs Agreement on Tax Base Erosion, Profit Shifting
Kuwait >> 6/8/2017 - In an extraordinary step, Kuwait signed a multi-party agreement to implement prevention measures regarding base erosion and profit shifting.

Kuwait's Ambassador in Paris Sami Al-Sulaiman he...
Kuwaiti Stocks Close on Mixed Board
Kuwait >> 6/8/2017 - Kuwaiti stocks ended trading on mixed board. The benchmark and Weighted indexes closed down by 36.28 points and 0.19 points respectively, while the KSX 15 index hiked by 4.01 points.

As many...
Egypt Attracts $8.4 Bin Foreign Investment in Domestic Debt since Flotation
Egypt >> 6/8/2017 - Egypt attracted $8.4 billion of foreign investment in domestic debt instruments since the flotation of the pound in November up the end of May, Deputy Finance Minister Ahmed Kojak told

. Koja...
Kabore: Private Sector Important to Promote Ties with Egypt
Egypt >> 6/10/2017 - Burkina Faso's President Roch Kabore stressed the importance of activating the role of the private sector in both countries in enhancing economic and investment relations.

Participating in E...
Cairo, Berlin Set to Sign New Finance Agreements worth 207 Million Euros
Cairo, Berlin Set to Sign New Finance Agreements worth 207 Million Euros Egypt >> 6/10/2017 - Cairo and Berlin are set to sign new finance agreements worth 207 million euros, Egypt's investment and international cooperation minister Sahar Nasr announced

Nasr said that the inking of ...
Liquidity of Qatari Banks Is Likely Affected By UAE, Arab Nations’ Blacklist
Qatar >> 6/10/2017 - A move by four Arab states to blacklist dozens of figures with alleged links to Qatar could squeeze liquidity at Qatari banks which get a significant amount of their funding from the region.

...
Saudi Arabia Says Oil Inventory Drawdown to Accelerate in Coming 3-4 Months
Saudi Arabia >> 6/11/2017 - A drawdown in crude oil inventories will accelerate in the next three to four months, Saudi Arabian Energy Minister Khalid al-Falih said

Falih, speaking to reporters in the Kazakh capital of...
Emirates NBD Obtains ‘SCA’s clearing Member Approval
United Arab Emirates >> 6/11/2017 - Emirates NBD, a leading bank in the region, announced that it is the first UAE-based financial institution to obtain General Clearing Member approval from the SCA, Securities and Commodities Authority...
Dubai: DEWA Awards Hatta Hydroelectric Consultancy Contract to EDF
United Arab Emirates >> 6/11/2017 - Dubai Electricity and Water Authority, DEWA, has awarded the AED 58 million consultancy contract for the pumped-storage hydroelectric power station at Hatta Dam to France’s EDF.

The project i...
Egypt, Seeks Attracting More U.S. Investments
Egypt, Seeks Attracting More U.S. Investments Egypt >> 6/11/2017 - Minister of Investment and International Cooperation Sahar Nasr met with a delegation of the American Chamber of Commerce in Egypt.

Attending also were members of the US-Egypt Business Counc...
Qatar Remains Committed to Oil Supply Cut Deal
Qatar >> 6/11/2017 - Qatar's energy minister said Qatar remained committed to an oil output cut deal agreed upon by OPEC and non-OPEC producers last month.

Mohammed al-Sada said in a statement "circumstances in t...
Qatari Banks Fall after UAE Red Flag, Dubai's Emaar Climbs
Qatar >> 6/11/2017 - Shares in Qatari banks fell in early trade after the central bank of the United Arab Emirates ordered UAE banks to be wary of any accounts they hold with six Doha-based banks.

In Dubai, the l...
Qatar May Stabilise As Kuwait Tries to Mediate, Gulf to Consolidate
Qatar >> 6/12/2017 -  Qatar's stock market may stabilise on hopes that the region's diplomatic crisis will eventually be resolved, while other Gulf markets look set to consolidate because of a lack of positive corporate ...
Dubai Builds On Bilateral Ties and Increasing FDI Inflows from Canada
United Arab Emirates >> 6/12/2017 - Industry leaders and innovators in Canada are looking at Dubai as a promising hub for expanding to new markets and pursuing further innovations, according to a trade mission that toured the Canadian c...
Kuwaiti Stocks Close Up
Kuwait >> 6/12/2017 - Kuwaiti Stock Exchange, or Boursa Kuwait, ended trading in the green zone. The benchmark went up by 20.18 points to settle at 6,774 points.

The Weighted and KSX 15 indices also rose by by 1....
Sisi Urges German Companies to Increase Investments in Egypt
Sisi Urges German Companies to Increase Investments in Egypt Egypt >> 6/12/2017 - President Abdel Fattah El Sisi urged the German companies to increase their investments in Egypt and establish a German industrial zone in one of the promising sectors, including medical supplies, eng...
Sisi Attends Signing Ceremony of Minutes of Egyptian-German Economic Committee
Egypt >> 6/12/2017 - President Abdel Fattah El Sisi attended the signing ceremony of the minutes of the Fourth Round of the Egyptian-German Economic Committee.

The ceremony was held on the fringe of the opening ...
Sisi Attends Opening Session of Egyptian-German Business Forum
Sisi Attends Opening Session of Egyptian-German Business Forum Egypt >> 6/12/2017 - President Abdel Fattah El Sisi attended the inaugural session of the Egyptian-German Business Forum.

Chairman of the Suez Canal Authority and the General Authority for the Suez Canal Economic...
UAE Ambassador: UAE Investments in Egypt Ranked First
Egypt >> 6/13/2017 - The UAE is ranked first among Arab and foreign countries with regard to investing in Egypt, according to data issued by the General Authority for Investment and Free Zones (GAFI) in Egypt, said UAE Am...
Emirates NBD Group Appoints CEO for Fully-Owned Subsidiary Tanfeeth
United Arab Emirates >> 6/13/2017 - Emirates NBD has announced the appointment of UAE national Maryam Bahlooq as Chief Executive Officer of Tanfeeth, a fully-owned subsidiary of the Emirates NBD Group.

Maryam Bahlooq was previo...

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