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Financials and Investment News

IMF Approves $6bn Loan For Pakistan
Pakistan >> 7/4/2019 - The International Monetary Fund (IMF) approved a $6 billion, three-year loan for Pakistan to try to right the nation's economy.

The IMF board released $1 billion to Pakistan immediately and s...
Sisi Urges More Efforts to Boost Economic Ties with Jordan
Sisi Urges More Efforts to Boost Economic Ties with Jordan Egypt >> 7/4/2019 - He met with Jordanian Prime Minister Omar Razzaz in the presence of Prime Minister Mostafa Madbouli, General Intelligence Service Director Abbas Kamel and Jordan’s Ambassador in Cairo Ali Al Ayed.
Consul of Egypt in Houston Reviews Economic Projects
Egypt >> 7/4/2019 - Egypt's Consul-General in Houston Khaled Rizk reviewed the state's recent economic developments, casting light on Egypt Vision 2030.

This came during a promotional symposium on the Egyptian ...
26 Offers for Egyptian Exporters in Four Countries
Egypt >> 7/4/2019 - The Egyptian Commercial Service has provided 26 opportunities for Egyptian exporters in Britain, Algeria, Japan and South Africa.

It said in a statement that its offices in London, Algiers, T...
The Following Is KUNA's Economic Report as Part of FANA's Economic File
Kuwait >> 7/4/2019 - Sheikh Jaber Bridge is a mammoth Kuwaiti and Arab development project that would have development and economic impacts on Kuwait and neighboring countries.

The bridge, which is considered th...
Cairo, EBRD Probe Bolstering Cooperation in Electricity Field
Egypt >> 7/5/2019 - Minister of Electricity and Renewable Energy Mohamed Shaker discussed with Vice President of the European Bank for Reconstruction and Development (EBRD) Alain Pilloux means of boosting cooperation bet...
CBE: Egypt's Foreign Currency Reserves Hit $44.351 Bln By End of June
Egypt >> 7/5/2019 - Egypt's foreign currency reserves jumped by $77 million by the end of June to reach $44.351 billion, the Central Bank of Egypt (CBE) said in a statement .

By the end of May, the country's for...
Gov. Denies Reports on New IMF Loan
Egypt >> 7/6/2019 - The cabinet’s media center denied reports saying that Egypt plans to have a new loan from the International Monetary Fund (IMF).

“Such news reports are baseless,” the center stressed in its s...
23% Increase in Trade Between Egypt and African Countries During 2018
Egypt >> 7/7/2019 - The Central Agency for Public Mobilization and Statistics (CAPMAS) announced the increase in the volume of trade exchange between Egypt and African countries in 2018 to reach 6.9 billion dollars up fr...
Egypt: Upgrading Spinning and Weaving Public-Sector Companies
Egypt >> 7/7/2019 - The government has begun ambitious plans to upgrade the public-sector spinning and weaving industry at a total cost of LE25 billion and within a time frame of four years.

Public Enterprise Mi...
Egypt-Algeria Trade Exchange Hits $201.4 Mln in Q1 2019: Egyptian Commercial Service
Egypt >> 7/7/2019 - The volume of the Egyptian-Algerian trade exchange rose 42.4 percent in the first quarter of 2019 to reach $201.4 million up from $141.4 million in the same period 2018.

In a recent report o...
Sisi Ratifies Law on Budget of Suez Canal Economic Zone For FY 2019/20
Egypt >> 7/7/2019 - Egyptian President Abdel-Fattah El-Sisi has ratified Law No.11 of 2019 pertaining to the budget of the General Authority for the Suez Canal Economic Zone (SCZone) after it was passed by the House of R...
Alba Wraps Sales, Production With Double-Digit Volume Increase in Q2 2019
Bahrain >> 7/7/2019 - Aluminium Bahrain B.S.C. (Alba), on course to be transformed into the largest smelter in the world with the full ramp-up of Line 6 on 31 July 2019, stretchesits overall sales’ volume and throughput,in...
CBB Treasury Bills Issue 1764 Oversubscribed By 155%
Bahrain >> 7/8/2019 - The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 155%.

The bills, carrying a maturity of 91 days, are ...
UAE Central Bank Publishes Financial Stability Report For 2018
United Arab Emirates >> 7/8/2019 - The Central Bank of the UAE, CBUAE, has published its 2018 Financial Stability Report, FSR.

The report provides relevant information, financial data, and stability assessments related to the...
Dubai, Prague Build New Bridges of Economic Cooperation
United Arab Emirates >> 7/8/2019 - Public and private sector players attending the Czech-UAE Business Forum 2019 in Prague called for businesses in the two countries to explore new partnership opportunities in key sectors of mutual int...
Costa Rican Embassy Discuss Economic, Investment Opportunities
United Arab Emirates >> 7/8/2019 - The Abu Dhabi Chamber of Commerce and Industry and the Costa Rica Embassy in the UAE discussed available mutual economic and investment opportunities in Abu Dhabi and Costa Rica, in the presence of Mo...
Bahrain Bourse Daily Trading Performance
Bahrain >> 7/9/2019 - Bahrain All Share Index has closed at 1,538.31 points marking an increase of 5.49 points above the previous closing .

This increase was due to the rise in the Commercial Banks Sector and In...
Minister of Investment Witnesses the Signing of an Agreement by International Finance Corporation
 Minister of Investment Witnesses the Signing of an Agreement by International Finance Corporation Egypt >> 7/9/2019 - The Minister of Investment and International Cooperation Witnesses the Signing of an Agreement by International Finance Corporation (IFC) to Pump a New Investment by $ 30 million in Edita for Food Ind...
PM: Egyptian Firms Have Good Experience in Underground Projects
Egypt >> 7/9/2019 - Prime Minister Mostafa Madbouli said that Egyptian companies have now good experience in the field of Underground Metro.

In statements after launching a new drilling machine into the third p...

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