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Sherif Ismail Witnesses Inking 3 Agreements to Buy Solar Energy in Aswan
Sherif Ismail Witnesses Inking 3 Agreements to Buy Solar Energy in Aswan Egypt >> 8/8/2017 - Prime Minister Sherif Ismail and Electricity and Renewable Energy Minister Mohamed Shaker witnessed the inking ceremony of three agreements stipulating buying solar energy with 120 megawatts capacity...
RAKBANK Launches US$ 250 Million 3-Year Syndicated Term Loan Facility
United Arab Emirates >> 8/8/2017 - National Bank of Ras al-Khaimah (RAKBANK) announced that it has mandated Bank ABC (Arab Banking Corporation (B.S.C.)), First Abu Dhabi Bank PJSC (FAB), and Standard Chartered Bank as the Initial Manda...
Egypt Expects GDP Growth at 4.6 Pct-4.8 Pct in 2017-18
Egypt Expects GDP Growth at 4.6 Pct-4.8 Pct in 2017-18 Egypt >> 8/9/2017 - Egypt expects its growth domestic product growth to reach 4.6 percent to 4.8 percent in the 2017-18 fiscal year, Finance Minister Amr El-Garhy said in a televised interview late .

Egypt's fis...
Egyptian Economy to Rank 15th Around The World By 2050
Egypt >> 8/9/2017 - The Egyptian economy is expected to rank 15th worldwide by 2050, out of a list of 32 countries, according to the gross domestic products expected through the purchasing power parity (PPP), an internat...
Kuwait: 73% of Kuwait's population have bank accounts CBK Governor
Kuwait >> 8/9/2017 - 34 4 GEN 0222 KUWAIT /KUNA-DER3 ECO-KUWAIT-CBK 2 73% of Kuwait's population have bank accounts -- CBK Governor KUWAIT -- Despite challenges, the CBK precautionary measures and hazard early warning s...
Abu Dhabi: UAE-China Trade Exchange Surges to AED520.6 Billion in 3 Years
United Arab Emirates >> 8/9/2017 -  China continues to top the list of UAE's major trade partners for the third straight year, with total bilateral trade exchange amounting to AED520.6 billion from 2014 through 2016, according to Minis...
Dubai's DXBE, Industries Qatar Drop on Weak Q2 in Early Trade
United Arab Emirates >> 8/9/2017 - Shares of Dubai theme park operator DXB Entertainments sank in early trade because of weak interim earnings, while Doha's Industries Qatar was also down after its quarterly net income missed analysts...
Egypt: Nasr Reviews Plans to Upgrade Qanater Khayria
Egypt: Nasr Reviews Plans to Upgrade Qanater Khayria Egypt >> 8/9/2017 - Investment Minister Sahar Nasr held on meeting with Minister of Antiquities Khaled el Anani and Qalyoubiya governor Mahmoud Ashmawi to discuss a project to upgrade the "Qanater Khayria" area and in...
Egypt's President Sisi Seals Joint Development Company between Suez Canal Authority and Dubai Ports
Egypt's President Sisi Seals Joint Development Company between Suez Canal Authority and Dubai Ports Egypt >> 8/9/2017 - Egypt's President Abdel-Fattah El-Sisi has agreed to the establishment of a joint development company between the General Authority for the Suez Canal Economic Zone and Dubai Ports to execute developm...
Abu Dhabi: ADNOC Distribution Announces New Retail Price of Subsidised LPG for August
United Arab Emirates >> 8/10/2017 - ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for August.

As per the announcement that is made on the 10th of every month, the new retail price is as fo...
Egypt Is Open Market for Kazakh Investors
Egypt Is Open Market for Kazakh Investors Egypt >> 8/10/2017 - Investment and International Cooperation Minister Sahar Nasr participated at a seminar held at the Kazakh embassy in Cairo to mark the 25th anniversary of establishing Egyptian-Kazakh ties, and underl...
Egypt: Imf Position Towards Egyptian Economic Reform Program Positive
Egypt: Imf Position Towards Egyptian Economic Reform Program Positive Egypt >> 8/10/2017 - Prime Minister Sherif Ismail said the position of the International Monetary Fund (IMF) towards the Egyptian economic reform program is positive.

In statements following the Cabinet meeting, ...
EGX to Start Developing Technological, Technical Infrastructure Next Week
EGX to Start Developing Technological, Technical Infrastructure Next Week Egypt >> 8/12/2017 - Chairman of the Egyptian Exchange (EGX) Mohamed Farid said that a development process of the EGX technological and technical infrastructure will start as of next week.

Farid made the remarks...
Egypt: Chinese Company Discuss Establishing Recycling Factory
Egypt: Chinese Company Discuss Establishing Recycling Factory Egypt >> 8/12/2017 - Investment and International Cooperation Minister Sahar Nasr discussed with the chairman of a Chinese company for waste recycling establishing a recycling factory in Egypt.

The chairman expre...
Investment, Antiquities Ministers Probe with Luxor Governor Means of Luring Investors
Egypt >> 8/12/2017 - Minister of Investment and International Cooperation Sahar Nasr discussed with Antiquities Minister Khaled el Anani and Luxor Governor Mohamed Badr the investment opportunities in the Upper Egyptian g...
Abu Dhabi: Total Short-Term Deposits in UAE Banks Surge to AED439.7 Billon in H1
United Arab Emirates >> 8/13/2017 - Short-term deposits in UAE banks increased by AED27.9 billion during H1, bringing to AED439.7 billion the total value of short-term deposits by the end of June, according to UAE Central Bank statistic...
Egypt: Sisi Highlights Key Role by Arab Organization for Industrialization
Egypt: Sisi Highlights Key Role by Arab Organization for Industrialization Egypt >> 8/13/2017 - President Abdel Fattah El Sisi highlighted the key role played by the Arab Organization for Industrialization - which is a national economic institution - in the development process.

Address...
Qabil: Economic file tops President Sisi's agenda during his African tour
Qabil: Economic file tops President Sisi's agenda during his African tour Egypt >> 8/13/2017 - Minister of Trade and Industry Tareq Qabil said President Sisi's planned African tour that will take him to Tanzania, Rwanda, Chad and Gabon represents an important step towards enhancing strategic re...
Kuwait: KOC Turns to Chemical Injection for Oil Extraction
Kuwait >> 8/13/2017 - Kuwait Oil Company (KOC) has begun experimenting with a chemical injection system for oil extraction, which represents a major step forward, the company said

Speaking to the press, KOC CEO ...
Kuwait: Salhia Co. Posts KD 7.9 Mln Net Profit in H1
Kuwait >> 8/13/2017 - Salhia Real Estate Company has posted KD 7.9 million (USD 26.1 million) in net profits for the first half of 2017, the company said

Earnings per share (EPS) hit 16.1 fils over the six months...

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