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Financials and Investment News

Amman Bourse Open on Low Note
Oman >> 12/18/2017 - The Amman Stock Exchange (ASE) opened trading with a drop to 2,126 points compared to 2,139 of last session closure.

The market index fluctuated in the first 15 minutes of today's session be...
Kuwait: Zain, Cisco to Drive Network Transformation for Digital Era
Kuwait >> 12/18/2017 - Zain Group and Cisco announced that they have successfully achieved a key milestone in expanding thetelecommunications operator’s IP/MPLS network with cutting edge technologies, setting the groundwor...
Egypt: Acting PM Follows Up Implementation of Project to Develop 1.5mn Feddans
Egypt: Acting PM Follows Up Implementation of Project to Develop 1.5mn Feddans Egypt >> 12/18/2017 - Acting Prime Minister Mostafa Madbouli held a meeting to follow up progress achieved in the first phase of the 1.5 million feddans development project.

The meeting tackled all the aspects of...
Egypt: WB-Sponsored Remote Sensing Project on Underground Water Completed
Egypt >> 12/25/2017 - A World Bank-sponsored major project aiming to predict the change in the groundwater volume in Egypt and Africa has been completed, head of geographical information department of the National Authorit...
Egypt: Nasr to CNN: Government Works upon Sisi Vision to Attract Investment
Egypt >> 12/25/2017 - Investment and International Cooperation Minister Sahar Nasr said Egypt is implementing an ambitious economic reform program, including social safety networks.

Interviewed by CNN, the minist...
Abu Dhabi Chamber Discusses Increasing Economic Cooperation with Estonia
United Arab Emirates >> 12/25/2017 - Mr. Abdullah Ghurair Al-Qubaisi, Deputy Director General of the Abu Dhabi Chamber, received His Excellency Sander Soone, Estonian Ambassador to Egypt, at the Chamber Tower in Abu Dhabi.

Both...
Bahrain :Government Treasury Bills Issue 1683 Oversubscribed By 122%
Bahrain >> 12/25/2017 - The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 122%. The bills, carrying a maturity of 91 days, are issued b...
Bahrain Bourse Daily Trading Performance
Bahrain >> 12/25/2017 -  Bahrain All Share Index has closed at 1,293.23 points marking an increase of 7.35 points above the previous closing .

This increase was due to the rise in the Commercial Banks Sector.
Egypt's EFG Hermes Looks to Manage Renewable Energy Projects
Egypt >> 12/25/2017 - Egyptian investment bank EFG Hermes aims to manage renewable energy projects totalling 400-500 megawatts in the north African country in the coming three years, said the bank’s energy head Bakr Abdel ...
Egypt: Foreign Borrowing Is Still Necessary to Develop Infrastructure
Egypt >> 12/25/2017 -  Egypt's MPs accused Minister of Investment and International Cooperation Sahar Nasr of drowning the country in an excess of foreign loans, but the minister fired back, saying that loans are still nec...
The Ministry of Foreign Affairs for Political and Economic Affairs Receives Russian Ambassador
Saudi Arabia >> 12/26/2017 - Undersecretary of the Ministry of Foreign Affairs for Political and Economic Affairs Ambassador Dr. Adel bin Siraj Mirdad received here Russian Ambassador to the Kingdom of Saudi Arabia Sergei Kozlov...
Jeddah -Malabar Gold & Diamonds Unveils New Festival Edition
Saudi Arabia >> 12/27/2017 -  Malabar Gold & Diamonds, one among the big 5 jewelry retailers globally with a strong retail network of over 195 retail outlets spread across nine countries, has unveiled the details of its seventh e...
Algiers -Council Of Ministers Approves Three Presidential Decrees on Hydrocarbons
Algeria >> 12/27/2017 - The Council of Ministers has approved three presidential decrees on the exploration and exploitation of hydrocarbons during a meeting, chaired by President of the Republic Abdelaziz Bouteflika.
Algiers - President Bouteflika Signs Finance Act 2018
Algeria >> 12/27/2017 - President of the Republic Abdelaziz Bouteflika signed in Algiers, the Finance Act 2018.

The Head of State inked the document at the headquarters of the Presidency of the Republic in presenc...
To Provide $200 Million for Egyptian Project to Increase Energy Efficiency of Natural Gas Transport
Egypt >> 12/27/2017 - The European Bank for Reconstruction and Development (EBRD) will provide Egypt with $200 million to invest in increasing the energy efficiency of the natural gas transport infrastructure, according to...
Egypt Trade Finance Transactions Record $70.8 Billion since EGP Float
Egypt >> 12/27/2017 - Egypt's banks have funded trade finance transactions worth $70.8 billion since the Egyptian pound was floated in November 2016, the Central Bank of Egypt (CBE) announced .

By the end of Febru...
Algeria's Sonatrach Signs $500 Mln Deal With BP, Statoil
Algeria >> 12/27/2017 -  Algerian state-owned energy company Sonatrach has signed an agreement with BP and Statoil to produce an additional 11 billion cubic metres (bcm) of natural gas from its Tiguentourine gas field, Sonat...
Dubai-Based Private Equity Business Launches $250 Mln Healthcare Fund
United Arab Emirates >> 12/28/2017 - TVM Capital Healthcare Partners, a Dubai-based private equity business, has launched a $250 million fund to invest in areas ranging from cancer to pharmaceuticals in markets including the Gulf, Turkey...
Kuwait Says GCC to Keep Operating Despite Qatar Crisis
Kuwait >> 12/28/2017 -  Kuwait’s deputy foreign minister said that the six-nation Gulf Cooperation Council would continue to operate despite a row among three of its members and Qatar that it has unsuccessfully sought to m...
Kuwaiti DM Leaves to Saudi Arabia upon Official Invitation
Kuwait >> 12/28/2017 - First Deputy Prime Minister and Minister of Defense Sheikh Nasser Sabah Al-Ahmad Al-Jaber Al-Sabah left the country heading to Saudi Arabia upon an official invitation by Saudi Crown Prince, Deputy P...

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