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Sczone Achieves Record Revenues
Egypt >> 7/27/2019 - Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said the SCZone achieved the highest revenues for the second successive year, noting that the zone is working to maximize its revenues be...
Cabinet: Increasing Exports, Investments Led to High Egyptian Pound Rating in 2019
Egypt >> 7/27/2019 - The Cabinet's media center said the promotion and increase of exports and investments have prompted media giant Bloomberg to rate the Egyptian pound as the second best performing currency in 2019.
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Egypt, Germany Sign Mou to Deepen Domestic Manufacturing of Smart Meters
Egypt >> 7/27/2019 - The Arab Organization for Industrialization (AOI) has signed a Memorandum of Understanding (MoU) with Dell GmbH of Germany to deepen the domestic manufacturing of smart meters and make good use of the...
DIFC Boosts UAE Financial Sector Development, Reports Significant Growth in H1 2019
United Arab Emirates >> 7/28/2019 -  Dubai International Financial Centre, DIFC, has reinforced its contribution to the UAE’s economy and its commitment to driving the future of finance, following strong performance during the first hal...
Saudi Non-Oil Activity to Rise to 3.2% in 2021
Saudi Arabia >> 7/28/2019 -  Saudi Arabia’s economy is into its second year of recovery after contracting in 2017. Driven by record government spending that aims to develop and stimulate the private sector, create jobs, cushion ...
EAPD Program for African Media Personnel Wrapped Up in Cairo
Egypt >> 7/28/2019 - A special program organized by the Egyptian Agency of Partnership for Development (EAPD) on "media and sustainable development in Africa", wrapped in Cairo .

As part of the EAPD program, whic...
PM Follows Up Progress in Governorates' Free Zones
Egypt >> 7/29/2019 - Prime Minister Mostafa Madbouli chaired a meeting with Investment Minister Sahar Nasr and other officials, where they discussed the latest developments made in establishing free and investment zones ...
Euromoney to Hold Annual Conference in Egypt Next September
Egypt >> 7/29/2019 - The global Euromoney Conferences said it would organize its annual conference in Egypt on September 9-10 with the participation of Finance Minister Mohamed Maait.

In a press statement, the fi...
King, Egyptian President Agree to Bolster Economic Cooperation
King, Egyptian President Agree to Bolster Economic Cooperation Jordan >> 7/29/2019 - His Majesty King Abdullah and Egyptian President Abdel Fattah El Sisi, during talks in Cairo , agreed to continue enhancing economic cooperation between the two countries towards mutual prosperity.
ADGM Wins ‘Best International Financial Centre EMEA 2019’
United Arab Emirates >> 7/29/2019 -  Abu Dhabi Global Market, ADGM, has been named ‘Best International Financial Centre (EMEA) 2019’ by London-based Capital Finance International, CFI.co, in recognition of its role in the advancement of...
Dollar Exchange Rate Continues Downward Trend at Private Banks in Egypt
Egypt >> 7/29/2019 - The US dollar exchange rate maintained its downward trend during transactions at private banks .

The dollar value has dropped about 1.31 pound since the start of the year.

At the Nat...
Egypt to Form Panel to Amend VAT Law, Finance Minister Says
Egypt >> 7/29/2019 - Egypt will form a committee to amend its value-added tax law, Finance Minister Mohamed Maait told reporters , without specifying what the changes may be.

The VAT law is part of a reform progr...
World Bank Group Lauds Kuwait Efforts to Attain Sdgs
Kuwait >> 7/29/2019 - The World Bank Group Resident Representative in Kuwait Ghassan Khoja said Monday that Kuwait has taken firm steps to integrate the Sustainable Development Goals (SDGs) in its national planning and dev...
Mamish: Sokhna Port Undergoing Largest Expansion Process at EGP 10bn Cost
Egypt >> 7/30/2019 - Head of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish said that the port of Sokhna is undergoing its largest ever expansion process at a cost of 10 billion pounds.
PM Inaugurates Workshop on Fighting Money-Laundering
Egypt >> 7/30/2019 - Prime Minister Moustafa Madbouli inaugurated an annual workshop meant to hone skills in the field of countering money-laundering.

The workshop also focuses on enhancing potentials to deal w...
List of Business Service Fees Cancelled By Ministry of Economy Revealed
United Arab Emirates >> 7/30/2019 - Last week, the Ministry of Economy announced it has waived and/or reduced the fees on a list of services it offers to businesses - as part of a move to further boost the country's appeal for doing bus...
Saudi Arabia Deposits $250 Million into Central Bank of Sudan
Saudi Arabia >> 7/30/2019 - Saudi Arabia has deposited $250 million into the central bank of Sudan to support its financial position, the Saudi Finance Ministry said in a statement.

The financial grant is part of a pack...
Morocco's BMCE Bank Looks to Build on China Ties to Deliver $11 Bln Develop Industrial City
Morocco >> 7/30/2019 - BMCE Bank is looking to build on its ties with China to help finance and develop a new industrial city in the north of Morocco, its president and chief executive told Reuters.

BMCE, one of th...
His Highness Sheikh Mohamed Bin Zayed Meets Malaysian Economy Minister.
United Arab Emirates >> 7/31/2019 - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met on Tuesday with Mohamed Azmin Ali, Malaysia's Minister of Economic ...
Number of Japanese Companies in UAE Goes Up 23.44% in 6 Years
United Arab Emirates >> 7/31/2019 - Japanese companies are making a strong presence in the UAE, with their number increasing 23.44 percent in the past six years, according to a top Japanese diplomat.

"The number of Japanese cor...

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