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Financials and Investment News

Bahrain-Italy Cooperation Reviewed
Bahrain >> 1/30/2018 - Industry, Commerce and Tourism Minister Zayed R. Alzayani has received Ambassador of Italy to the Kingdom of Bahrain, Domenico Bellato.

During the meeting, they reviewed the bilateral relatio...
Egypt to Keep Customs Exchange Rate at 16 EGP per Dollar in February
Egypt >> 1/30/2018 - Egypt will keep its customs exchange rate at EGP 16 per US dollar, effective until the end of next month.

In an official statement , the finance ministry said the decision to keep the custom...
Egypt's Economic Growth Rate Expected To Reach 5% in 2018 - IMF Official
Egypt >> 1/30/2018 - Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour expected the economic growth rate in Egypt to exceed projections hitting about 5 percent in...
Egypt: PM Meets Planning Minister to Discuss Latest Developments
Egypt: PM Meets Planning Minister to Discuss Latest Developments Egypt >> 1/30/2018 - Prime Minister Sherif Ismail met Minister of Planning, Follow-Up and Administrative Reform Hala el Saeed to be briefed on a number of issues related to the ministry's work.

During the meetin...
Dubai: DP World Chairman Discusses Future of Trade at World Economic Forum
United Arab Emirates >> 1/30/2018 - DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, and other world leaders have discussed international partnerships to shape the future of world trade, on the sidelines of the World Economic ...
Emirates:NQA Approves Recommendations to Recruit Qualified National Cadres
United Arab Emirates >> 1/30/2018 -  The National Qualifications Authority, NQA, has approved recommendation of the Emirates Institute for Banking and Financial Studies, EIBFS, to constitute a committee that effectively meet the require...
Dubai: Trading of Gulf Navigation Holding Rights Issue Due on February 4-15
United Arab Emirates >> 1/30/2018 - The Dubai Financial Market (DFM) today announced that the rights issue of "Gulf Navigation Holding" is due to be tradable on the exchange between , 4 February until 15 February 2018.

Trading...
Egypt Signs $3 Bln Agreement with International Islamic Trade Finance Corporation
Egypt Signs $3 Bln Agreement with International Islamic Trade Finance Corporation Egypt >> 1/30/2018 - Investment and International Cooperation Minister Sahar Nasr signed a $3 billion agreement with International Islamic Trade Finance Corporation (IITFC) CEO Hani Salem Sonbol to fund the import of basi...
Egypt to See Higher Rise in Budget Deficit Than Previously Expected: Deputy Finance Minister
Egypt to See Higher Rise in Budget Deficit Than Previously Expected: Deputy Finance Minister Egypt >> 1/30/2018 - Egypt’s fiscal year 2017/18 budget deficit is expected to record 9.4 percent of GDP, up from a projected 9.1 percent in the budget for the current fiscal year, Deputy Minister of Finance Mohamed Maait...
Dubai: ADNOC to Expand Partnerships with Chinese Energy, Technology and Chemical Companies
United Arab Emirates >> 1/30/2018 - Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, has held a series of meetings with government and corporate leaders in Beijing, focused on strengthening the strategic rela...
Qatar: Secretary General of the Foreign Ministry Meets U.S. Embassy Political and Economic Advisor
Qatar >> 1/31/2018 - HE Secretary-General of the Ministry of Foreign Affairs Dr Ahmad bin Hassan Al Hammadi met with political and economic advisor at the U.S. embassy in the State of Qatar Thomas Rosenberger.

T...
Saudi: Jazan Chamber President Meets German Commissioner
Saudi Arabia >> 1/31/2018 - President of Board of Directors of Jazan Chamber Khalid bin Mohammed Sayegh met here German Industry and Trade Commissioner in the Kingdom Oliver Ohms.

During the meeting, they discussed opp...
Egypt: First Baby Milk Complex To Be Set Up In Egypt With Polish Investment
Egypt: First Baby Milk Complex To Be Set Up In Egypt With Polish Investment Egypt >> 1/31/2018 - The new complex will be set up in the 10th of Ramadan City, to be the first in Egypt, with a total investment of around EGP 1.5 billion.

Cairo- Minister of Trade and Industry Tarek Kabil met ...
Saudi Chambers Council SG Meets Czech Ambassador
Saudi Arabia >> 1/31/2018 - Secretary General of the Council of Saudi Chambers Dr. Saud bin Abdulaziz Al-Mishari discussed with the Ambassador of Czech Republic to the Kingdom Berry Slavic here the promotion of trade, investment...
UAE, Laos discuss boosting relations.
United Arab Emirates >> 1/31/2018 - Laos, has met with Khemmani Pholsena, the Laotian Minister of Industry and Khaled Ibrahim Abdul Aziz Shuhail, UAE Non-Resident Ambassador to Commerce, within the framework of joint cooperation and con...
Egyptian Envoy Praises Joint Projects with Ethiopia
Egyptian Envoy Praises Joint Projects with Ethiopia Egypt >> 1/31/2018 - Egyptian Ambassador to Ethiopia Abu Bakr Hefny has praised relations with Ethiopia and Sudan as strategic and multidimensional.

In statements , the Egyptian diplomat called for linking the i...
Itfc, Egypt Sign Us$3 Billion Financing Agreement
Egypt >> 1/31/2018 - International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IDB) Group and the Egyptian government represented by the Ministry of Investment and International Coope...
Dubai :DIFC, Al Tamimi and Company Release 5th Edition of Corporate Manual
United Arab Emirates >> 1/31/2018 -  The Dubai International Financial Centre, DIFC, in collaboration with Al Tamimi and Company have released the fifth edition of ‘Setting up in the Dubai International Financial Centre’.

As t...
Qatar :The Strategic Dialogue Reflects Depth of Relations between Qatar and the United States
Qatar >> 1/31/2018 - The US Chamber of Commerce hosted high-ranking Qatari and US officials participating in the strategic dialogue between the two countries, held in Washington DC.

The ceremony was attended by H...
Saudi: Cisco Aims to 'Reinvent the Network', Unveils New Predictive Analytics Innovations
Saudi Arabia >> 1/31/2018 - Cisco said it aims to reinvent the network by investing in technologies in intent-based networking, as it revealed its software innovations in analytics at the Cisco Live event here this week.

...

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