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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...
Amman : Trade Deficit Rise By 11 Percent In 10 Months
Bahrain >> 12/28/2017 - Trade deficit in the first 10 months of this year rose by 11 percent compared to the same period of last year, according to figures of Department of Statistics.

The difference between the val...
Egypt: Acting Premier Follows Up Provision of Loans For Small, Medium Enterprises
Egypt >> 12/28/2017 - Acting Premier and Housing Minister Mostafa Madboly held a meeting to follow up the performance of a committee tasked with providing loans for small and medium-sized enterprises.

The meeting...
Egypt: Investors on Bourse List Increased By 26 Percent
Egypt >> 12/28/2017 - Minister of Investment and International Cooperation Sahar Nasr said that the number of new foreign investors on the bourse hit 1,150 in 2017 at an increase rate of 26 percent compared to the past y...
Algiers: Bank Credits to Economy Should Grow By Over 10% In 2017
Algeria >> 12/28/2017 - Bank credits granted to the economy are expected to grow by more than 10% in 2017 after a 7% growth in the first half, said the head of the Association of Banks and Financial Institutions (ABEF) Boual...
Saudi and Bahrain Customs Announce Activation of Fast Track at King Fahd Causeway
Saudi Arabia >> 12/28/2017 - Director General of General Customs Authority Ahmed bin Abdulaziz Al-Haqbani has affirmed the activation of the ''Fast Track" at the Customs of King Fahd Causeway from Saudi and Bahraini sides aiming ...
Jeddah -DLT Signs Agreement with Russian Center
Saudi Arabia >> 12/28/2017 - Distance Learning and Training Company Group (DLT), the strategic partner of the Union of News Agencies of the organization of Islamic Cooperation, signed a memorandum of strategic cooperation with th...
Egyptian Companies Obliged to Label all Food Products with Prices By January
Egypt >> 12/31/2017 - Egyptian companies will begin applying price tags to food products starting or else be subject to legal penalties, state-run news agency MENA quoted Minister of Supply and Internal Trade Ali Moselhi ...
Egypt Maintains Customs Exchange Rate at 16 Pounds per Dollar in January 2018
Egypt >> 12/31/2017 - Egypt will maintain its customs exchange rate at EGP 16 per US dollar, effective , till the end of January 2018.

In an official statement the finance ministry said the decision to keep the c...
Egypt: Sisi Issues Instructions to Develop Electricity Sector
Egypt >> 12/31/2017 - President Abdel Fattah El Sisi issued his directives to continue efforts aimed at comprehensive development of the electricity sector.

This came in a meeting between the president and Actin...
Egypt: Customs Dollar Price Fixed At EGP 16 During January
Egypt >> 12/31/2017 - The customs dollar exchange rate will be fixed at 16 pounds during January, the Finance Ministry said .

The decision to maintain the price of the customs dollar comes in light of a stable exc...
Bahrain Bourse Daily Trading Performance
Bahrain >> 12/31/2017 - Bahrain All Share Index has closed at 1,331.71 points marking an increase of 25.68 points above the previous closing .

This increase was due to the rise in the Commercial Banks Sector, Invest...
Bahrain: Government Treasury Bills Issue 1685 Fully Subscribed
Bahrain >> 1/1/2018 - The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills has been fully subscribed by 100%.

The bills, carrying a maturity of 91 days, are...
Saudi Economic Reforms on Track
Saudi Arabia >> 1/1/2018 - The government announced an increase in gasoline prices , part of the economic reforms post the hike in electricity tariff, introduction of VAT, and citizen account program, affirming its commitment o...
Algeria, Russia Lay Foundations for Fertile Economic Partnership
Algeria >> 1/1/2018 - Algeria and Russia have confirmed in 2017 their willingness to reinforce their economic partnership, following Russian Premier Dmitry Medvedev’s visit to Algiers last October.
Abu Dhabi: VAT Contributing to Weaning UAE off Oil
United Arab Emirates >> 1/1/2018 - The concerns emanating from the application of the Value-Added Tax (VAT) are overrated, as its impact on the country's business sector will be in the minimal and will rather generate myriad benefits f...
Egypt: Bitcoin Trading Is Unlawful Pursuant to Islamic Sharia, Says Egypt's Grand Mufti
Egypt >> 1/1/2018 - Trading of the world's leading cryptocurrency Bitcoin is unlawful in accordance with Islamic Sharia, Egypt’s Grand Mufti Shawki Allam.

In an official fatwa, Allam said that trading such a "vi...
Egypt's Assets Move Forward in 2018 with Structural Reforms
Egypt >> 1/1/2018 - Egypt is moving forward in 2018 with structural reforms that helped make the nation’s assets among the best performers in the Middle East.

Foreign holdings of treasury bills was about $19 bil...
Tunisia Raises Fuel Prices in Push to Reduce Deficit
Tunisia >> 1/1/2018 - Tunisia announced the second increase in fuel prices in six months, raising the price of petrol by 2.85 percent as the government tries to rein in the budget deficit.

The price of a litre of...
Saudi :Explain Mechanism of Applying Prices of New Domestic Petroleum Derivatives
Saudi Arabia >> 1/1/2018 - Further to the statement of the Ministry of Energy, Industry and Mineral Resources issued on the plan of the financial balance program to correct the prices of energy products (local oil derivatives) ...

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