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Egypt Aims To Kickstart African Trade As It Takes AU Chair
Egypt >> 12/9/2018 - Egypt is promoting itself as a linchpin for intra-African trade and a model of economic reform as it prepares to chair the African Union in 2019.

The country hosted a high-level business foru...
World Bank Shifts Focus To Egypt's Private Sector With $1bln Loan
Egypt >> 12/9/2018 - The World Bank is pushing to prise open more space for Egypt’s private sector with $1 billion in new funding, part of a second phase of support that follows two years of painful economic reforms, the ...
Gulf Markets Close Mostly Lower; Egypt Falls Again
Egypt >> 12/9/2018 - Gulf markets closed mainly in the red , with market heavyweights Emaar Properties and Emirates NBD dragging Dubai’s index lower and Egypt’s market falling to fresh lows for the year.

After pl...
UAE Ambassador To Pakistan, Governor of Punjab Discuss Promoting Investments, Increasing Trade
United Arab Emirates >> 12/9/2018 - Hamad Obaid Ibrahim Salem Al Zaabi, UAE Ambassador to Pakistan, and Mohamed Shodry Sarour, Governor of Punjab Province, discussed ways of developing partnerships, promoting investments and increasing ...
KSA’s Non-Oil Private Sector Sustains Growth
Saudi Arabia >> 12/9/2018 - Saudi Arabia’s non-oil private sector expansion in November was “relatively soft” by historical standards, the latest Emirates NBD Purchasing Managers’ Index (PMI) for Saudi Arabia survey revealed .
Trade Minister: Coordination Ongoing With CBE to Boost Egypt Presence in Africa
Egypt >> 12/9/2018 - Minister of Trade and Industry Amr Nassar asserted ongoing coordination with the Central Bank of Egypt to activate its financing role to boost Egypt's presence in the African markets.

This ca...
Investment Minister: Egypt Is Africa's Gate, Meeting Point of Old, Modern Civilizations
Investment Minister: Egypt Is Africa's Gate, Meeting Point of Old, Modern Civilizations Egypt >> 12/9/2018 - Minister of Investment and International Cooperation Sahar Nasr said Egypt is the gate of Africa and a meeting point of the old and modern civilizations.

Addressing the third edition of Afric...
Egypt, Algeria Industry Ministers Mull Cooperation
Egypt >> 12/9/2018 - Trade and Industry Minister Amr Nassar discussed cooperation with his Algerian counterpart Youcef Yousfi.

The meeting, held on the sidelines of the Africa 2018 Forum in Sharm El Sheikh, mulle...
CBB Implements Inter-Bank Repo Using Conventional Securities
Bahrain >> 12/9/2018 - As part of the ongoing efforts towards the development of the banking sector and promoting liquidity management for conventional retail banks, the Central Bank of Bahrain (CBB) launched a new liquidit...
Ministry of Finance to Launch UAE Integrated Payment System By 2020
United Arab Emirates >> 12/9/2018 - The Ministry of Finance, MoF, reviewed the future strategic development plan for the transformation of the eDirham system, during its recent meeting with senior local and federal government officials....
OFID Agrees to Provide US$50 Million to Egypt
United Arab Emirates >> 12/10/2018 - The OPEC Fund for International Development, OFID, has agreed to provide US$50 million to support Egypt’s purchase of crude oil, petroleum products, and liquefied natural gas.

A statement iss...
Central Bank Releases New Instructions on Issuing Cheque Books
United Arab Emirates >> 12/10/2018 -  Central Bank of the UAE, CBUAE, has issued a circular to banks regarding the issuance of cheque books as part of its ongoing efforts to improve responsible lending practices by banks.

Before...
Kuwaiti Fund Says KD-167-Mln Smes Given Green Light
Kuwait >> 12/10/2018 - Kuwait's National Fund for Small and Medium Enterprise (SME) said it has approved projects across diverse sectors worth KD 167 million (USD 551 million) since its inception five years ago. Entreprene...
Egypt Did Not Sell 49% of Suez Zone to another Arab Country
Egypt >> 12/10/2018 - The Egyptian Cabinet’s Information and Decision Support Center (IDSC) denied rumors circulated by some websites and social networking pages, about Egypt selling 49 percent of the Suez Canal Economic Z...
Egypt’s Economic Performance Improved In 2018
Egypt >> 12/10/2018 - Minister of Finance Mohammed Maait announced that Egypt’s economic performance improved in 2018, adding that the government has exerted efforts to reduce unemployment rates.

After meeting wi...
PM Attends Signing an Agreement to Fund Tahrir Petrochemical Complex
Egypt >> 12/10/2018 - Prime Minister Mostafa Madbouli attended the signing ceremony of a 1.25-billion-dollar agreement between Egypt's Carbon Holdings Co. and the Africa Finance Corporation to fund the Tahrir Petrochemica...
Africa Forum 2018 Recommends Promoting PPP
Egypt >> 12/10/2018 - Africa 2018 Forum recommended promoting the public–private partnership (PPP), especially in infrastructure projects.

Addressing the forum's closing session, Minister of Investment and Intern...
Sawari Ventures North Africa 1 Fund Declared At Africa Forum
Egypt >> 12/10/2018 - The establishment of a new fund, "Sawari Ventures North Africa 1" was declared on Sunday 9/12/2018 on the sidelines of the Africa 2018 Forum held under the auspices of President Abdel Fattah el Sisi.<...
Director General of the Arab Bank for Economic Development: Africa is Continent of Opportunities
Egypt >> 12/10/2018 - Director General of the Arab Bank for Economic Development in Africa (BADEA) Dr. Sidi Ould Tah described Africa as a continent of opportunities.

Addressing a discussion session at the third ...
Egypt, EU Sign Grants of 55.8 Million Euros for Water, Energy Sectors
Egypt >> 12/10/2018 - Egypt and the EU signed two grants worth 55.8 million euros, to be directed to the water and renewable energy sectors.

The documents were inked on the sidelines of Africa 2018 Forum, hosted b...

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