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Saudi: Minister of Trade Meets Swiss Minister of Economic Affairs, Education and Research
Saudi Arabia >> 7/17/2017 - Minister of Trade and Investment Dr. Majid bin Abdullah Al-Qasabi met in Jeddah with the Minister of Economic Affairs, Education and Research Johann Schneider-Ammann.

During the meeting, the...
Dubai: SEED Completes 33.1 Thousand Licenses During H1, 2017
United Arab Emirates >> 7/17/2017 - Sharjah Economic Development Department, SEDD, has completed 33,149 issued and renewed licenses in Sharjah in the first half of 2017, according to the data released in its Licenses Annual Report of th...
Emirates: Mof Assigns ‘Mortgage of Movable Property’ Project to EDB
United Arab Emirates >> 7/17/2017 - The Ministry of Finance, MoF, has assigned Emirates Development Bank, EDB, to create an electronic register to publicise related rights to ‘Mortgage of Movable Property’.

Khalid Ali Al Bustan...
Kuwait Bourse Ends Session on Mixed Boards
Kuwait >> 7/17/2017 - Boursa Kuwait ended trading on mixed boards as the price index shed 7.97 points reaching 6,800.91 points, and also the weighted index lost 0.17 points standing at 405.33 points.

Meanwhile, ...
Egyptian-Argentinean Trade Committee to Be Formed
Egyptian-Argentinean Trade Committee to Be Formed Egypt >> 7/18/2017 - Trade and Industry Minister Tareq Qabil said President Abdel Fattah El Sisi has approved during his meeting with Vice-President of Argentine Gabriela Michetti the formation of an Egyptian-Argentinean...
Egypt Receives Final $1.25 Bln in First Tranche of IMF Loan
Egypt >> 7/18/2017 - The Central Bank of Egypt (CBE) has received the final installment of the first $4 billion tranche of a $12 billion loan from the International Monetary Fund (IMF), state-run news agency MENA reported...
Abu Dhabi: Department of Economic Development Enforces Amendments to Its Table of Fines
United Arab Emirates >> 7/18/2017 - The Department of Economic Development, Abu Dhabi, has announced the enforcement of amendments made to its Table of Fines in line with the Abu Dhabi Executive Council Resolution No. 47 for 2017 on the...
RAK Chamber-Registered Businesses Increase to 32,801 in H1 2017
United Arab Emirates >> 7/18/2017 - A total of 32,801 businesses became members of the Ras al-Khaimah Chamber of Commerce and Industry, RAK Chamber, and 10,093 renewed their membership by the end of the first half (H1) of the current ye...
Abu Dhabi: UAE Central Bank Announce Monetary And Banking Developments For June 2017
United Arab Emirates >> 7/18/2017 - The Central Bank has announced that the Money Supply aggregate M1 increased by 0.5 percent, from AED504.4 billion at the end of May 2017 to AED507 billion at the end of June 2017.

The Money S...
Kuwait: Global, GCC Yields Mixed in 2Q17 - NBK
Kuwait >> 7/18/2017 - Global and GCC yields were mixed in 2Q17 as markets reacted to a more optimistic economic outlook, low inflation, and geopolitical risks, said the National Bank of Kuwait (NBK) in a report .

...
Egypt: Halayeb, Shalateen Projects on Time
Egypt: Halayeb, Shalateen Projects on Time Egypt >> 7/19/2017 - Prime Minister Sherif Ismail held a meeting to follow up the implementation of under-construction projects in Halayeb and Shalatin.

The meeting was attended by the ministers of housing, heal...
Kuwait to Host EU-GCC Energy Event Next Oct.
Kuwait >> 7/19/2017 - A two-day event on "Energy Efficiency: A Key Driver for Clean Energy Transition" will take place in Kuwait, on October 2-3 October under the patronage of Minister of Oil and Minister of Electricity an...
Lebanon's Religious Tourism Enkindles Fresh Economic Vistas
Lebanon >> 7/19/2017 - Lebanon is leaving no stone unturned to promote its tourism sector, which is a main economic source, by revamping cultural religious tourism, which can draw more tourists and stipulate rural sustainab...
Saudi Inflation Persists as Weak Demand Weighs on Growth
Saudi Arabia >> 7/19/2017 - Saudi Arabian consumer prices dropped again in June, reflecting the nation’s worst economic slowdown since 2009 as the kingdom struggles to cope with low oil prices.

The economy shrank 0.5 p...
Kuwait's Trade Surplus with Japan Jumps 46.1 Pct
Kuwait >> 7/20/2017 - Kuwait's trade surplus with Japan expanded by 46.1 percent from a year earlier to JPY 25.6 billion (USD 228 million) in July, up for the sixth month in a row, thanks to brisk exports, the Japanese Fin...
Kuwait: US$1.4 Billion in Loans by Arab Fund for Economic, Social Development In 2016
Kuwait >> 7/20/2017 - A total of US$1.4 billion in nine loans were provided by the Arab Fund for Economic and Social Development, AFESD, to six Arab countries during 2016.

The credit has been used in financing $6....
Dubai: Investment Corporation of Dubai Grows Portfolio 6.9% to AED 769.9 Billion
United Arab Emirates >> 7/20/2017 - The Investment Corporation of Dubai has announced its consolidated financial results for the year ended 31st December 2016 demonstrating robust revenues of AED176.3 billion and a net profit of AED22.1...
Sherif Ismail: Appoints Mohsen Adel as Vice Chairman of EGX
Sherif Ismail: Appoints Mohsen Adel as Vice Chairman of EGX Egypt >> 7/20/2017 - Prime Minister Sherif Ismail appointed Mohsen Adel Helmy as Vice Chairman of the Egyptian Exchange (EGX).

Under the decision, Helmy will serve as vice-chairman for four years to succeed Wagi...
Dubai: Amlak Boosts Dubai, Qatar Pulls Back From Near Pre-Crisis Level
United Arab Emirates >> 7/23/2017 - Islamic finance firm Amlak helped to boost Dubai's stock market while Qatar pulled back after events at the weekend failed to point to progress in resolving the diplomatic crisis between Doha and nei...
Saudi Finance Ministry Says Domestic Sukuk Programme Established
Saudi Arabia >> 7/23/2017 - An unlimited SAR-denominated Sukuk Program has been completed to issue and offer Sukuk in multiple issuances to investors, pursuant to the Saudi Royal Decree approving the budget, the Saudi Ministry o...

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