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Egypt PM Urges Ministerial Economic Committee to Reduce Public Debt
Egypt >> 8/10/2018 - Prime Minister Mostafa Madbouli led a ministerial economic committee meeting to discuss Egypt's public debt.

Investment Minister Sahar Nasr, Planning Minister Hala el Saeed, Finance Minister...
Reports on Directing Banks to Freeze Deposits for Real Estate Tax Baseless
Egypt >> 8/10/2018 - Vice President of Council of State and legal adviser of the Central Bank of Egypt (CBE) Tamer el Daqaq dismissed reports claiming that the banks were directed to freeze clients' deposits for the purp...
Egypt's Real Estate Tax Countdown Begins
Egypt >> 8/10/2018 - The finance ministry extended the deadline to pay the real estate tax from 15 Aug to 15 Oct to alleviate crowding at tax offices.

Owners of residential and commercial property in Egypt have ...
Breaking Records on the Suez Canal
Egypt >> 8/10/2018 - The Suez Canal has achieved record revenues since the inauguration of the New Canal three years ago, according to Chairman Mamish Chairman of the Suez Canal Authority (SCA) Mohab Mamish said this wee...
The Egyptian Global Depository Receipts Traded on London Stock Exchange Went Down
Egypt >> 8/11/2018 - The Egyptian global depository receipts (GDRs) traded on London Stock Exchange (LSE) went down at the close of trading.

The GDRs of the Commercial International Bank (CIB) dropped by 3.9% to...
Vehicles, Spare Parts worth EGP 3.5 Billion Cleared From Alexandria Customs in July
Egypt >> 8/11/2018 - The total value of vehicles and spare parts cleared from Alexandria customs in July hit EGP 3.5 billion, The Finance Ministry said in a statement.

Up to EGP 1.1 billion were collected as taxe...
Minister: Investment in Citizen Is Among Government's Priorities
Egypt >> 8/11/2018 - Minister of Investment and International Cooperation Sahar Nasr said the government will achieve development goals via partnership with the private sector and civil society organizations.

In...
Project momentum acceleration to drive Bahrain's non-oil growth in 2018
Bahrain >> 8/12/2018 - An acceleration in the pace of project implementation in the first quarter of 2018 is expected to underpin faster non-oil growth in Bahrain throughout the course of the year, according to the Bahrain ...
Muscat Securities Market Loses 24 Points
Saudi Arabia >> 8/12/2018 - Muscat, Dhu-AlHijjah 01, 1439, August 12, 2018, Muscat Securities Market (MSM) general

index (30) today lost (24.86) points, comprising a decline by (0.56%) to close at (4406.35) points, co...
Egypt, Tunisia To Set Up Coordination Council To Increase Investment Cooperation
Egypt >> 8/12/2018 - Minister of Investment and International Cooperation Sahar Nasr said Egypt is seeking to up Tunisian investments, which hit dlrs 802 million in 2018, pressing the need for furthering joint investments...
Promising Investment Opportunities in 4 Major Projects in 10th of Ramadan City
Egypt >> 8/13/2018 - Prime Minister Moustafa Madbouli said there are ample promising investment opportunities in four major projects in Tenth of Ramadan City. The four projects are the Regional Services Center, the Know...
Trade between UAE, Norway Reaches US$640 Million in 2017
United Arab Emirates >> 8/13/2018 - The relations between the UAE and Norway have witnessed increasing development, in line with their strong bilateral ties over the past decades with the value of their trade exchange reaching around US...
Egypt Strategic Sugar Reserves at 6 Months
Egypt >> 8/13/2018 - Egypt has sufficient strategic sugar reserves to last six months, the supply ministry said without detailing the size of its reserves. The country expects to produce about 2.3 million tonnes of sugar...
Bahrain Chamber of Commerce And Industry Cooperation With UNDP Highlighted
Bahrain >> 8/13/2018 - Bahrain Chamber of Commerce and Industry (BCCI)'s chairman Sameer Abdulla Nass has received the UN resident coordinator/UNDP resident representative to Bahrain, Amin El Sharkawi.

The meeting ...
Bahrain to Host Key Islamic Banking Conference
Bahrain >> 8/13/2018 - Under the patronage of His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister and the strategic partnership of the Central Bank of Bahrain, the World Islamic Banking Conference (WI...
Egypt, China inK $45 Mln Deal to Establish 'Egypt Sat-2'
Egypt, China inK $45 Mln Deal to Establish 'Egypt Sat-2' Egypt >> 8/13/2018 - Egypt and China signed a $45 million grant to implement the new satellite "Egypt Sat 2'' on Monday, according to an official statement by the Ministry of Investment and International Cooperation. The...
Musk Says Saudi Fund Supports Tesla Buyout, Talks Continue
Saudi Arabia >> 8/13/2018 - Tesla Chief Executive Elon Musk said he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing th...
Saudi Arabia’s Non-Oil Private Sector Growth Somewhat Slow
Saudi Arabia >> 8/13/2018 - Saudi non-oil private sector growth fractionally slower in July, the June data from the Emirates NBD Purchasing Managers’ Index (PMI) for Saudi Arabia released showed.

The survey, sponsored ...
PM Reviews Strategy To Establish Logistics Zones Across Egypt
Egypt >> 8/14/2018 - Prime Minister Moustafa Madbouli chaired a meeting to review a strategy to establish logistics zones across Egypt.

It is important to expand logistics areas in governorates, Madbouli said, n...
Dubai Chamber Waives Late Membership Fees To Reduce Expenses
United Arab Emirates >> 8/14/2018 -  The Dubai Chamber of Commerce and Industry has announced that it will waive late membership fees in an effort to reduce the cost of doing business in Dubai and enhance the competitiveness of the emir...

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