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Central Bank Of Bahrain Committed to Keeping Dinar Pegged to US Dollar
Bahrain >> 6/26/2018 - The Central Bank of Bahrain (CBB) is committed to keeping its currency pegged to the US dollar set at 0.37608 and has no plans to alter the Bahraini Dinar's value.

The CBB confirmed in a sta...
Bahrain: Economic Development Discussed a Number of Issues Related to the Commercial
Bahrain >> 6/26/2018 - Advisor to HM the King for Economic Affairs Dr. Hassan bin Abdulla Fakhro received Shaikh Daij bin Isa Al Khalifa, Chairman of the Association of Southeast Asian Nations (ASEAN) and Bahrain Council.
Mamish: Kuwaiti Company to Establish Logistics Center in Sczone
Egypt >> 6/26/2018 - A cooperation protocol was signed between the Suez Canal Economic Zone (SCZone) and the Kuwaiti Agility Logistics to establish a $100 million logistics center in East Port Said.

During the s...
UAE Central Bank's Foreign Assets Up to AED326.6 Bn in May
United Arab Emirates >> 6/26/2018 - Foreign assets of the UAE Central Bank, CBUAE, rose to AED 326.6 billion in May 2018 from AED326.4 billion in April, according to latest statistics issued by the apex bank.

''Balances and dep...
UAE-Hong Kong Trade Surges to $10.87 Billion in 2017
United Arab Emirates >> 6/27/2018 - The total trade between the United Arab Emirates and Hong Kong increased to US$ 10.87 billion in 2017 from $10.59 billion in 2016, according to Hong Kong government statistics.

The UAE is pa...
Economic Licences Will Be Obtained Through "Tamm" System in Abu Dhabi
United Arab Emirates >> 6/27/2018 - Abu Dhabi’s Department of Economic Development, ADDED, and Abu Dhabi’s Smart Solutions and Services Authority, ADSSSA, have implemented the "Tamm" system, which will shorten the process of obtaining a...
Sisi Orders Continuing Plans to Establish Integrated Industrial Cities
Sisi Orders Continuing Plans to Establish Integrated Industrial Cities Egypt >> 6/27/2018 - President Abdel Fattah El Sisi has stressed the importance of continuing efforts to develop the sector of Industry as one of the main pillars of national economy together with focusing on developing i...
Sisi Directs Govt to Count Assets of Public Business Sector Companies
Sisi Directs Govt to Count Assets of Public Business Sector Companies Egypt >> 6/27/2018 - President Abdel Fattah El Sisi directed the government to precisely count the assets of the public business sector's companies to optimize the sector's contribution to the national economy.

...
Suez Canal Revenue to Double by 2023
Egypt >> 6/27/2018 - Suez Canal has registered the highest revenues in its history with an increase by more than 13 percent, recording $600 million in 2018, Chairman of the Suez Canal Authority Mohab Mamish said during a ...
Agriculture Minister Opens ACSAD General Assembly Meetings
Egypt >> 6/27/2018 - Agriculture Minister Ezz el Din Abu Steet opened the 34th session of the Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD) general assembly.

Abu Steet is attending the meetings...
Italian Trade Agency Director: Italy Is Keen on Boosting Cooperation with Lebanon
Lebanon >> 6/27/2018 - "The aim of Italy's participation in 'Project Lebanon' is to open up to Lebanese partners for the sake of doing business in Lebanon, neighboring countries and the Gulf," said Francesca Zadro, Director...
Egypt Local Wheat Harvest Ends with Sharply Lower Figure
Egypt >> 6/27/2018 - Egypt announced the end of its wheat harvest on Wednesday with a total of 3.15 million tonnes of the grain procured from local farmers, Supply Minister Ali Moselhy said in a statement, one of the lowe...
Exports to Russia Up 41 Pct in Jan-Apr
Egypt >> 6/27/2018 - Minister of Trade and Industry Amr Nassar announced a significant 41% year-on-year increase in exports to Russia during the first four months of 2018, hitting $284 million.

“The recent expor...
Egypt Current Account Deficit Narrows as Tourism Rises
Egypt Current Account Deficit Narrows as Tourism Rises Egypt >> 6/28/2018 - Egypt’s current account deficit for the third quarter of the 2017-18 fiscal year narrowed to $1.93 billion from $3.1 billion a year earlier as tourism revenues improved, data from the central bank and...
WB Allocates Dlrs 530 Million For Improving Egyptian Public Health System
Egypt >> 6/28/2018 - The World Bank announced a new 530-million-dollar project to support Egypt’s national goal of improving public healthcare, including expanding family planning services, scaling up its groundbreaking ...
Japan Boosting Egypt's Development Efforts
Egypt >> 6/28/2018 - Teruyuki Ito, chief representative of the Japan International Cooperation Agency in Egypt, speaks with Ahmed Kotb about Japanese support for Egypt’s development efforts.

Japan International ...
2nd Gulf Economic Forum to Kick Off in October in Riyadh
Saudi Arabia >> 7/1/2018 - The Federation of Chambers of the Gulf Cooperation Council (GCC), the Council of Saudi Chambers (CSC) and the General Secretariat of the Gulf Cooperation Council for the Arab States, in cooperation wi...
Abu Dhabi: SCA, Ministry off Economy to Launch Platform for Funding Smes
United Arab Emirates >> 7/1/2018 - The Securities and Commodities Authority, SCA, is working with the Ministry of Economy and the Organisation for Economic Co-operation and Development, OECD, to launch a new international initiative to...
UAE: Credit Facilities to Industrial, Business Sectors Up 3.4% in Five Months
United Arab Emirates >> 7/1/2018 - The balance of loans lent by banks operating in the UAE to the industrial and business sectors rose 3.4 percent at the end of May 2018 to AED774.5 billion, from AED748.9 billion in December 2017, acco...
Egypt Implements 2018/19 Budget with More Expenditure on Health, Education
Egypt >> 7/1/2018 - Egypt's finance ministry announced on Sunday the implementation of the new budget for the 2018/19 fiscal year with a total of EGP 1.42 trillion in expenditures, an increase of EGP 200 billion from las...

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