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Financials and Investment News

UAE, Hong Kong Sign Agreement on Mutual Promotion and Protection of Investments
United Arab Emirates >> 6/17/2019 - The Ministry of Finance, MoF, today signed an agreement to encourage and protect investments between the UAE and the Hong Kong Government, as part of the ministry's efforts to protect the nation’s inv...
500 Mln Euros Allocated For Egypt-EU's 4-Year Cooperation Plan: PM
Egypt >> 6/17/2019 - Prime Minister Mostafa Madbouly said 500 million euros have been allocated to put into force a cooperation plan between Egypt and the European Union over the coming four years.

Focusing on Eg...
Egypt in $500 Million Settlement with Israel Electric Corp
Egypt >> 6/17/2019 - Egypt has signed a $500 million settlement with state-owned Israel Electric Corp over a defunct natural gas deal, the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas (EGAS) said...
Sukuk Al-Salam Issue 218 Oversubscribed By 390%
Bahrain >> 6/17/2019 - The Central Bank of Bahrain (CBB) announced that the monthly issue of Sukuk Al-Salam Islamic securities has been oversubscribed by 390%.

Subscriptions worth BD 167.8 million were received for...
Business Forum of Saudi-Japanese Vision 2030 Opens In Tokyo Today
Saudi Arabia >> 6/17/2019 -  Business Forum of Saudi-Japanese Vision 2030 is to be organized here today by Japan Cooperation Center in the Middle East (JETRO) in cooperation with the General Investment Authority (GIA) in the pre...
Kuwait Min. Urges Private Sector's Bigger Role in Development Plan
Kuwait >> 6/17/2019 - Kuwaiti Finance Minister Nayef Al-Hajraf said it is significant to allow the private sector to play a leading role in Kuwait's 2035 development vision. Addressing an economic conference held in Londo...
Sweden Seeks To Increase Coop. With Egypt - Secretary to Foreign Trade Minister
Egypt >> 6/18/2019 - Sweden’s State Secretary to the Minister for Foreign Trade Niklas Johansson said his country aims to promote cooperation with Egypt in the field of electricity and renewable energy.

He made ...
Belarus President: Cooperation with Egypt Progressing
Egypt >> 6/18/2019 - President Alexander Lukashenko said that economic cooperation with Egypt has been progressing in the recent period.

In his speech while welcoming Egyptian President Abdel Fattah El Sisi upon...
CBB Warns Against Unlicensed Market Intermediaries
Bahrain >> 6/18/2019 - The Central Bank of Bahrain (CBB) warned consumers against dealing with unlicensed market intermediaries that market investment in securities in the Kingdom of Bahrain through short message services (...
CBE Launches 1st Financial Technology Portal to Support Digital Transformation
CBE Launches 1st Financial Technology Portal to Support Digital Transformation Egypt >> 6/19/2019 - The Central Bank of Egypt (CBE) said the first national financial technology portal has been launched.

In a statement, the CBE said the portal is part of ongoing efforts to transform Egypt in...
UAE to Participate In Africa Trade Week in Johannesburg
United Arab Emirates >> 6/19/2019 - A high-level trade and investment delegation organised by the Ministry of Economy under the chairmanship of Sultan bin Saeed Al Mansouri, Minister of Economy, will participate at the Africa Trade Week...
UAE, Costa Rica Fostering Economic and Investment Cooperation.
United Arab Emirates >> 6/20/2019 - President Carlos Alvarado Quesada of the Republic of Costa Rica has received Ahmed Ali Al Sayegh, Minister of State, and his accompanying delegation during a visit to Costa Rica.

Minister Al ...
Egypt Exports to Tanzania Hit 75% Increase in 2018
Egypt >> 6/20/2019 - Egypt's exports to Tanzania witnessed a remarkable growth in 2018, Egyptian Ambassador to Tanzania Mohamed Gaber Abul Wafa said.

The ambassador made his remark as an Egyptian delegation, incl...
CBE: EGP 140 Bn Allotted To Support Small, Medium-Sized Enterprises
Egypt >> 6/21/2019 - The banking sector has allocated some EGP 140 billion to support micro, small and medium-sized enterprises as part of an initiative launched by the Central Bank of Egypt (CBE) in 2016, CBE deputy gove...
Attracting Foreign Investment to Egypt: Correcting Misperceptions
Egypt >> 6/21/2019 - Foreign direct investment (FDI) into Egypt fell to $6.8 billion in 2018, down from $7.4 billion the previous year, according to the UN Conference on Trade and Development (UNCTAD) 2019 World Investmen...
Egyptian-American Agreements Hit $600M Since 2014
Egypt >> 6/22/2019 - Egyptian-American agreements signed under the US economic assistance program since 2014 has reached nearly $600 million, according to Egypt’s Ministry of Investment and International Cooperation.
<...
Egypt, EAEU Can Sign Free Trade Zone Agreement in 2020
Egypt >> 6/22/2019 - Russian Minister of Industry and Trade Denis Manturov said the free trade zone agreement between Egypt and the Eurasian Economic Union (EAEU) can be signed in 2020.

"I believe there is a cha...
Egypt, Hungary Discuss Boosting Coop. In Manufacturing LED Light Bulbs
Egypt >> 6/22/2019 - Chairman of the Arab Organization for Industrialization (AOI) Abdel Moneim el-Tarass discussed in a meeting with Hungarian Ambassador to Egypt Péter Kveck and CEO of Tungsram Group Joerg Bauer means ...
Finance Ministry Auctions EGP 18 Bln T-Bonds
Egypt >> 6/22/2019 - The Ministry of Finance auctioned treasury bonds at a total value of EGP 18 billion.

In an online statement, the ministry said it auctioned 182-day T-bonds worth EGP 8.750 billion, with an av...
?Finance Minister: Saudi Arabia's FATF Membership Reflects Strong Financial Legislations
Saudi Arabia >> 6/23/2019 - Commenting on the Kingdom of Saudi Arabia being granted full membership of the Financial Action Task Force (FATF) Minister of finance Mohammed bin Abdullah Al-Jadaan said “We are very glad to gain thi...

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