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Financials and Investment News

Customs Exchange Rate to Remain Unchanged At EGP 16 in Sept
Egypt >> 8/29/2018 - Finance Minister Mohamed Mait has decided to keep the exchange rate of the US dollar for customs unchanged at EGP 16 until the end of September.

The rate of the customs dollar hovers around 9...
EGP 217 Billion Pumped Into Agricultural Sector under Sustainable Development Plan
Egypt >> 8/31/2018 - Planning Minister Hala el Saaed said EGP 217 billion investments were channeled into the agricultural sector under the 2018/19-2021/22 sustainable development plan.

In a statement , the minis...
Egypt's Bourse Gains 8.2 Billion Pounds in August
Egypt's Bourse Gains 8.2 Billion Pounds in August Egypt >> 8/31/2018 - The Egyptian Exchange (EGX) gained 8.2 billion pounds in August, as the market capital went up 0.9 percent to 881.7 billion pounds compared to 873.5 billion pounds in the previous month.

The ...
Egypt Prime Minister Discusses Status of 1.5 Million Feddan Land Reclamation Project
Egypt >> 8/31/2018 - Prime Minister Mostafa Madbouli chaired a meeting to follow up the current status of the 1.5 million feddan land reclamation project in the presence of the ministers of electricity, transport, agricul...
Partnership Agreement Signed With IFC to Support Emerging Companies, Strengthen in Africa
Partnership Agreement Signed With IFC to Support Emerging Companies, Strengthen  in Africa Egypt >> 9/1/2018 - Egypt and the International Finance Corporation (IFC) signed a partnership agreement to support entrepreneurs and emerging companies in Africa, enhance innovation, and boost economic growth. The agree...
Egypt's Public-Sector Revamp
Egypt >> 9/1/2018 - Minister of Public Enterprise Hisham Tawfik recently announced that the ministry would begin plans to restructure the public sector in September with a view to improving companies’ performance and pay...
Egypt's Best Investments
Egypt >> 9/1/2018 - With the rising economic pressures and increased inflation, the resources available to many households to invest or save have become extremely limited. Finding the best means to invest such limited ex...
Egypt: 28 Initiatives Developed Within Strategic Planning Conference
Egypt >> 9/1/2018 - Finance Minister Mohamed Maiet said that 28 initiatives have been developed during the two-day strategic planning conference that tackled strategic policies for the public finance.

Speaking a...
Sisi, Xi Jinping Witnesses Signing of Five Cooperation Deals
Sisi, Xi Jinping Witnesses Signing of Five Cooperation Deals Egypt >> 9/1/2018 - President Abdel Fattah El Sisi and his Chinese counterpart Xi Jinping witnessed the signing of five cooperation deals in various fields as part of the Egyptian leader’s visit to Beijing.

The ...
PM Presses For Quickly Implementing Plan To Develop Public Business Firms
Egypt >> 9/2/2018 - Prime Minister Moustafa Madbouli has stressed the need to quickly implement a plan to upgrade corporations affiliated with the public business sector.

The plan aims to better run those corpor...
Transformational Industries Contribute 11.8 Percent To Non-Oil GDP
United Arab Emirates >> 9/2/2018 - Transformational industries' contribution to non-oil GDP increased to 11.8 percent by fixed prices until the end of 2017 from 11.7 percent in 2016 and 11.5 percent in 2015, according to the UAE Minist...
Empower Completes AED60 Million Expansion Of DIFC Cooling Plant
United Arab Emirates >> 9/2/2018 -  Emirates Central Cooling Systems Corporation (Empower), has announced the completion of the expansion at its district cooling plant in Dubai International Financial Centre (DIFC), according to the ap...
ADX Listed Companies' Market Cap Hits AED526 Billion By End Of August
United Arab Emirates >> 9/2/2018 -  Abu Dhabi Securities Exchange's listed companies market cap reached AED526 billion, by the end of August; with a remarkable increase in ADX general index by 13.4% from the start of 2018.

By ...
Economy Ministry Organises Visit To Ghana To Boost Economic And Trade Relations
United Arab Emirates >> 9/2/2018 -  An economic delegation from the UAE is visiting the Republic of Ghana with the aim of enhancing investment and trade cooperation between the two countries and to open up new markets for UAE exports a...
Egypt’s Economic Credit Rating Best Since 2011: Minister
Egypt >> 9/2/2018 - Minister of Planning, Monitoring and Administrative Reform Hala al-Said announced that Moody’s credit outlook rating for the Egyptian economy has changed from stable to positive, ranked as ‘B3’.
...
Property Boosts Dubai, Financials Hurt Abu Dhabi
United Arab Emirates >> 9/2/2018 - Some of the Gulf’s large markets opened lower due to concerns about the global economic impact of trade disputes involving the United States, but selective buying in property stocks boosted Dubai.
...
Sisi Attends Signing of Deals worth $18.3 Billion with Chinese Firms
Egypt >> 9/3/2018 - Egypt and China signed deals worth 18.3 billion dollars to carry out different Chinese development projects in the North African country.

President Abdel Fattah El Sisi witnessed the signing...
UAE A Partner Country of 15th ‘China International SME Fair’
United Arab Emirates >> 9/3/2018 - The UAE will participate in the 15th "China International Small and Medium-Sized Enterprise, SME, Fair," which will be held in Guangzhou, the capital of Guangdong Province, China, from 10th to 13th Oc...
UAE Central Banks Reviews Q2 Report
United Arab Emirates >> 9/3/2018 - The Board of Directors of the UAE Central Bank held its seventh meeting for , under the chairmanship of Khalifa Al Kindi, Chairman of the Board.

During the meeting, which was held at the Cent...
Egypt, China Sign 3 Contracts at $1 Bn Investment
Egypt >> 9/3/2018 - On the sidelines of President Abdel Fattah al-Sisi’s visit to China, three contracts were signed with large Chinese companies for investments around US $1 billion, to be established at the TEDA Indus...

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