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MF: Egypt's Economy Has 'Strong' Precautionary Reserves Against External Shocks
Egypt >> 6/3/2018 - Egypt enjoys "strong" precautionary reserves that support its economy's capability to face external shocks, said International Monetary Fund's (IMF) Mission Chief for Egypt Subir Lall.

Lall t...
Emirates Nbd Signs Pioneers Waseet Securities As Trading Member
United Arab Emirates >> 6/3/2018 -  Emirates NBD announced that UAE-based Pioneers Waseet Securities has signed up as a trading member to avail the bank’s settlement and clearing services.

Following the approval by the Securi...
UAE Banks Federation Launches Financial Literacy Handbook For Smes
United Arab Emirates >> 6/3/2018 -  In view of financial literacy’s critical role in the success of an economy and the sustainable development of a society, the UAE Banks Federation, UBF, has stepped up its efforts to increase the leve...
Dar Al Arkan Launches SR600m Mirabilia Villas
United Arab Emirates >> 6/3/2018 - Dar Al Arkan, the largest listed real estate developer in the Kingdom of Saudi Arabia, announced the launch of the SR600 million Mirabilia upscale residential villas with interiors by Italian fashion ...
King Abdullah Port Container Handling Up 45% In 4 Months
Saudi Arabia >> 6/3/2018 -  Rayan Qutub, CEO of King Abdullah Port, King Abdullah Economic City, has announced that the port has achieved new heights in container handling this year, already showing a 45% increase during the fi...
Egypt’s Q2 Foreign Direct Investment Slips 20% Yoy: CBE
Egypt >> 6/3/2018 - Foreign direct investment (FDI) to Egypt has declined to $1.9 billion in the second quarter of fiscal year 2017/2018, down from $2.4 billion in the same period last year at a rate of 20.8%, the Centra...
Russia Gets The Go Ahead: New Industrial Zone To Bring Investment, Jobs And Technology To Egypt
Egypt >> 6/3/2018 - After two years of deliberations, an agreement to establish a Russian industrial zone in Egypt was finally signed last week.

Established on an area of 5.25 million square metres in East Port ...
Foreign Direct Investments In Egypt Down 20.8%
Egypt >> 6/3/2018 - -The volume of foreign direct investments in Egypt during the second quarter of the fiscal year 2017/2018 declined by 20.8% to reach 1.9 billion Dollars.

The Central Bank's monthly report sho...
Dubai Has Won The Bid To Host The 12th World Chambers Congress
United Arab Emirates >> 6/3/2018 - Dubai has won the bid to host the 12th World Chambers Congress (WCC) in 2021, which will see the participation of 14,000 chambers of commerce from 100 countries..

The 12th WCC will be held un...
Deputy Prime Minister And Minister Of Foreign Affairs Meets Uzbekistan Foreign Minister
Qatar >> 6/3/2018 - HE Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani met with HE Minister of Foreign Affairs of the Republic of Uzbekistan Abdulaziz Kamilov.

The...
UAE Ambassador to Riyadh Visits King Abdullah Economic City.
United Arab Emirates >> 6/3/2018 - Sheikh Shakhbout bin Nahyan Al Nahyan, UAE Ambassador to the Kingdom of Saudi Arabia, has visited the King Abdullah Economic City. During his visit, the UAE Ambassador toured the King Abdullah Port, ...
Egypt’s Q2 Foreign Direct Investment Slips 20% Yoy: CBE
Egypt’s Q2 Foreign Direct Investment Slips 20% Yoy: CBE Egypt >> 6/3/2018 - Foreign direct investment (FDI) to Egypt has declined to $1.9 billion in the second quarter of fiscal year 2017/2018, down from $2.4 billion in the same period last year at a rate of 20.8%, the Centra...
Fayez calls on the EU to increase its financial aid to Jordan
Jordan >> 6/3/2018 - -President of the Senate Faisal Fayez called on the European Union to increase its economic and financial assistance to Jordan to enable it overcome repercussions of the Syrian refugee crisis and to c...
Egypt's Treasury to Spend EGP 60 Billion on Raises in Pensions, Basic Salaries for State Employees
Egypt's Treasury to Spend EGP 60 Billion on Raises in Pensions, Basic Salaries for State Employees Egypt >> 6/4/2018 - Egypt’s Prime Minister Sherif Ismail said that the country’s public treasury will spend over EGP 60 billion to increase pensions and basic salaries for state employees.

In official statement...
Suez Canal to Achieve Revenues of USD 5.6 by June
Suez Canal to Achieve Revenues of USD 5.6 by June Egypt >> 6/4/2018 - Finance Minister Amr el Garhi asserted that the Suez Canal achieved revenues of about USD 5.1 billion until May, with expectations to hit USD 5.6 billion by June 30, 2018.

Also, the Suez Cana...
Parliamentary Committee Recommends Amendments to 2018/2019 Budget
Egypt >> 6/4/2018 - A number of amendments to the state budget for the coming fiscal year 2018-2019 were suggested by the budget and planning committee in discussions in Egypt’s House of Representatives which started .
The Central Bank of Egypt: Foreign Currency Reserve Hit $44.138 Bln in May
The Central Bank of Egypt: Foreign Currency Reserve Hit $44.138 Bln in May Egypt >> 6/4/2018 - The Central Bank of Egypt has announced an increase in the foreign currency reserve by around $109 million to reach $44.138 billion by end of May. In April, the figure was $44.029 billion, according ...
Bahrain Government Treasury Bills Issue 1707 Oversubscribed By 122%
Bahrain >> 6/4/2018 - The Central Bank of Bahrain (CBB) said 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...
The Saudi Industrial Development Fund Presents New Initiatives to Support Industry in the Kingdom
Saudi Arabia >> 6/4/2018 - Officials affiliated to the Saudi Industrial Development Fund (SIDF) explained that SIDF has launched a number of initiatives aiming at presenting high-class services and products depending on the pri...
Egypt's Non-Oil Business Activity Slows In May, PMI Shows
Egypt >> 6/5/2018 - Egypt's non-oil private-sector business activity shrank in May amid contractions in new orders and outputs, a survey showed .

The Emirates NBD Egypt Purchasing Manager's Index (PMI) for the p...

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