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Boursa Kuwait Ends Trading In Green Zone
Kuwait >> 7/10/2017 - Boursa Kuwait ended trading in the green zone.

The price index went up by 24.97 points to reach 6,748.54 points.

The weighted rose 1.65 points to stand at 400.81 and KSX 15 index als...
Saudi Gets a Boost from Retail, Banking Shares Following Q2 Profit, Dividends
Saudi Arabia >> 7/10/2017 - Shares of Saudi Arabia's United Electronics surged in early trade after reporting a quadrupling in its second quarter net income and its first dividend distribution since 2015, while the region's ban...
Egypt: Average Yields on Egypt's Three- and Seven T-Bonds Rise Amid High Foreign Buying
Egypt >> 7/10/2017 - The average yields on Egypt's three-year and seven-year bonds rose at an auction central bank data showed, as foreigners snapped up high-yielding debt following the central bank's 200-basis point int...
Egypt: “NBE” and “Bank Misr”: New Certificates at High Interest Rates Just Rumors
Egypt >> 7/10/2017 - Yahiya Abu Al Fottoh, Deputy Head of National Bank of Egypt (NBE), denied the issuance of certificates at high annual interest rates in line with increasing the interest rates by 2 per cent by the Cen...
Sahar Nasr USAID Mission Chief Review Enhancing Cooperation
Sahar Nasr USAID Mission Chief Review Enhancing Cooperation Egypt >> 7/10/2017 - Nasr, USAID mission chief review enhancing cooperation International Cooperation and Investment Minister Sahar Nasr had talks with the US Agency for International Development (USAID) Mission Director ...
Egypt: Spain Has Strong Desire to Invest in Egypt
Egypt >> 7/10/2017 - Spain has a strong desire to inject more investments into Egypt, Investment and International Cooperation Minister Sahar Nasr asserted

Speaking to the Middle East NewsAgency on the outcome o...
Egypt’s Production of New Car Launched
Egypt’s Production of New Car Launched Egypt >> 7/11/2017 - Toyota Egypt, in partnership with Arab Organization for Industrialization (AOI), launcheda line for assembling car parts for the Toyota Fortuner 2017 at the Arab American Vehicles Co.

Toyota...
Egypt: Minister of Water Resources Visits Tanzania Kenya
Egypt >> 7/11/2017 - Water Resources and Irrigation Minister Mohamed Abdel Aaty started a three-day visit to Tanzania to be followed by a visit to Kenya.

In a statement issued, Egyptian Ambassador to Tanzania Ya...
Egypt to Receive Final Disbursement of First Tranche of IMF Loan Next Week
Egypt to Receive Final Disbursement of First Tranche of IMF Loan Next Week Egypt >> 7/11/2017 - Egypt is set to receive the final installment of the first tranche of an International Monetary Fund (IMF) loan next week, the country’s Finance Minister Amr El-Garhy announced during a TV interview <...
Moroccan Covered Bonds Market Would Boost Housing Finance: Fitch
Morocco >> 7/11/2017 - The introduction of a covered bonds market in Morocco would support continued strong growth of retail mortgage lending, Fitch Ratings says.

Covered bonds could be an important new source of ...
Kuwait, China to Boost Bilateral Ties
Kuwait >> 7/11/2017 - Minister of Public Works Abdurrahman Al-Mutawa and a visiting Chinese delegation discussed means of promoting bilateral ties in all fields.

An official Chinese delegation is now on a four-d...
Kuwait: NBK Reports Profit of USD 543.5 Mln
Kuwait >> 7/11/2017 - National Bank of Kuwait (NBK) reported net profits of KD 164.7 million (USD 543.5 million) for the period of 1H 2017 compared to KD 150.6 million (USD 497.1 million) for the same period in 2016.
Kuwait Bourse Ends Trading With Benchmark, Weighted Indices Up
Kuwait >> 7/12/2017 - Boursa Kuwait, the national stock exchange, ended trading with the price and weighted indices up by 15.9 and 0.05 points respectively.

The price index stood at 6.794.52 points. Meanwhile, th...
Investment Minister: Sahar Nasr ILO Director Discuss Implementing ‘Better Work Program’
Investment Minister: Sahar Nasr ILO Director Discuss Implementing ‘Better Work Program’ Egypt >> 7/12/2017 - Investment and International Cooperation Minister Sahar Nasr discussed with Director of the International Labor Organization (ILO)'s office in Cairo Peter Van Rooij mechanisms of implementing "Better ...
Collaboration between Dubai International Financial Centre and Dubai Islamic Economy Development
United Arab Emirates >> 7/12/2017 - Dubai International Financial Centre, DIFC, the leading financial hub in the US$7.4 trillion Middle East, Africa and South Asia, MEASA, region, has signed a Memorandum of Understanding, MoU, with Duba...
Egypt: CBE Expands Benefits of Small Project Loans Scheme
Egypt: CBE Expands Benefits of Small Project Loans Scheme Egypt >> 7/13/2017 - The Central Bank of Egypt (CBE) decided to expand the benefits of the small project loans scheme to encourage agricultural, livestock and fisheries production.

The benefits will reduce the ...
Egypt, Romania Discuss Preparations for Bucharest Meetings
Egypt, Romania Discuss Preparations for Bucharest Meetings Egypt >> 7/13/2017 - Investment and International Cooperation Minister Sahar Nasr discussed in a meeting with Romanian Ambassador in Cairo Mihai ?tefan Stuparu final preparations for joint higher committee meetings, whic...
Kuwait Finance Ministry: General Reserve Cuts Not Indicative of Deficit
Kuwait >> 7/16/2017 - Deductions worth KD 28.5 billion (USD 94 billion) in the general reserve from 2015 to 2017 do not represent the deficit for those three years, said Kuwait's Finance Ministry

The majority of ...
Egypt Set to Be Self-Sufficient of Natural Gas by 2020
Egypt >> 7/17/2017 - Three recent major gas-field discoveries will make Egypt self-sufficient in natural gas by 2020, Egypt's petroleum minister Tarek El-Molla said

In statements reported by state-run news agenc...
Egypt Expects Third IMF Loan Disbursal of $2 Bln between December and January
Egypt Expects Third IMF Loan Disbursal of $2 Bln between December and January Egypt >> 7/17/2017 - Egypt expects to receive a third loan instalment worth $2 billion from the International Monetary Fund between December and January following a next review between November and December, Finance Minis...

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