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Algiers: Establishing Working Group to Boost Agricultural Exports
Algeria >> 6/12/2018 -  Minister of Trade Said Djellab set up, in Algiers, a working group in charge of achieving sustainable development of agricultural exports, said a ministerial communiqué.
CBB Sukuk Al-Ijara Fully Subscribed
Bahrain >> 6/13/2018 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been fully subscribed by 100%. Subscriptions worth BD 26 million were r...
Bahrain Bourse Daily Trading Performance
Bahrain >> 6/13/2018 - Bahrain All Share Index has closed at 1,295.86 points marking an increase of 7.95 points above the previous closing .

This increase was due to the rise in the Commercial Banks Sector, Investm...
Bfinance Minister: Egypt Achieves Initial Surplus Of EGP 1.9 Bln For 1st Time In 10 Years
Egypt >> 6/13/2018 - Finance Minister Amr el Garhi announced that the general budget achieved an initial surplus for the first time in more than 10 years, amounting to EGP 1.9 billion, compared to a deficit of EGP 47 bill...
HH The Amir Sends Verbal Message To King Of Jordan
United Arab Emirates >> 6/13/2018 - HH the Amir Sheikh Tamim bin Hamad Al-Thani sent a verbal message to HM King of the Hashemite Kingdom of Jordan Abdullah II bin Al Hussein, pertaining to bilateral relations and means of boosting them...
Egypt Experience Invest Becomes Official Regional Supporter of the 2018 Fifa World Cup Russia
Egypt Experience Invest Becomes Official Regional Supporter of the 2018 Fifa World Cup Russia Egypt >> 6/13/2018 - Experience & Invest signed a contract with FIFA, Fédération International de Football Association, to become an Official Regional Supporter of the 2018 FIFA World Cup Russia™, to promote the country ...
Tunisia's Central Bank Raises Its Key Interest Rate from 5.75 Pct to 6.75 Pct
Tunisia >> 6/13/2018 - Tunisia’s central bank raised its key interest rate from 5.75 percent to 6.75 percent, the second hike in three month, to tackle inflation that reached the highest level since 1990.
ITFC Provides First Islamic Trade Finance Transaction in Uzbekista
Saudi Arabia >> 6/13/2018 - The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group, and Asia Alliance Bank, a joint-stock commercial bank in the Republic of Uzbekistan signed Wed...
Mubadala To Launch US$400m European Tech Fund
United Arab Emirates >> 6/13/2018 - Mubadala Investment Company (Mubadala) of Abu Dhabi, today announced its intent to create a US$400 million fund to invest in leading European technology companies.

The fund will be managed b...
Egypt to Promote Tourism, Investment at World Cup through FIFA Sponsorship Deal
Egypt to Promote Tourism, Investment at World Cup through FIFA Sponsorship Deal Egypt >> 6/13/2018 - Experience & Invest campaign signed a contract with FIFA in Moscow to become an Official African Regional Supporter of the 2018 FIFA World Cup in Russia.

The sponsorship deal, the value of w...
Guide to Households' Monthly Electric Bill in EGP after New Hikes
Egypt >> 6/13/2018 - Egypt's Minister of Electricity Mohamed Shaker announced new prices for household electricity consumption for the 2018/2019 fiscal year, which begins in July.

The increase in the price of ele...
Egyptian Electricity Holding Signs $900 Million Syndicated Loan
Egypt >> 6/13/2018 - State-owned Egyptian Electricity Holding Company (EEHC) has completed a $900 million syndicated loan, banking sources close to the matter said.

The debt facility, guaranteed by the Ministry o...
Dubai Chamber Showcases Dubai’s Competitive Advantages at 'National Export Forum' in Ukraine
United Arab Emirates >> 6/13/2018 - The Dubai Chamber of Commerce and Industry recently participated in the 4th National Export Forum in Kiev where the organisation showcased Dubai’s economic prospects and competitive advantages as a st...
Sisi Orders Taking All Needed Measures to Improve Economic Indices
Sisi Orders Taking All Needed Measures to Improve Economic Indices Egypt >> 6/14/2018 - President Abdel Fattah El Sisi has stressed the importance of taking all needed measures to improve Egypt's economic indices and maintain its monetary stability.

During a meeting with Governo...
Egypt's New Cuts to Subsidies Allows the Ministry of Petroleum to Cover 75 To 80 Percent of Costs
Egypt >> 6/16/2018 - Fuel hike is set to save EGP 50 billion for the state, and to reduce fuel consumption between three to five percent, according to Egypt's petroleum ministry spokesperson Hamdy Abdel Aziz.

The...
Egypt's Finance Ministry Dispenses EGP 1.5 Bn to Fund Energy-Saving Street-Lighting Project
Egypt >> 6/17/2018 - Egypt’s finance ministry dispensed EGP 1.5 billion for the national project to install energy-saving bulbs on street lamposts, the ministry announced .

"The project to upgrade the street ligh...
Egypt's Suez Canal Reports Record High $5.585 Billion Annual Revenue
Egypt >> 6/17/2018 - Egypt's revenue from the Suez Canal for the 2017-2018 financial year rose 11.5 percent to a record high $5.585 billion (4.20 billion pounds), the canal authority said in a statement on its website .
UAE, Zimbabwe Sign Cooperation Agreements.
United Arab Emirates >> 6/17/2018 - The UAE and Zimbabwe signed, in Harare, the capital of Zimbabwe, two agreements related to protecting and encouraging investment and avoiding double income taxation, as well as a Memorandum of Underst...
Egypt Hikes Fuel Prices
Egypt >> 6/17/2018 - Egypt has raised gasoline prices, the oil ministry said , according to Reuters. The oil ministry said the price for 95 octane gasoline had been increased to 7.75 Egyptian pounds a litre from 6.60 pou...
Suez Canal Revenues Rise to $503 Million in May: Canal Authority Head
Egypt >> 6/17/2018 - Egypt's Suez Canal revenues rose to $503.13 million in May, up from $479.3 million in April, according to figures released by the head of the Suez Canal Authority, Mohab Memish.

Memish said r...

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