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Egypt's Economy: Ongoing Challenges
Egypt >> 7/31/2019 - The IMF said it is happy with the results of the government’s economic reform programme, but limited foreign investment and increasing debt are problems still facing the economy.

The Internat...
Egypt's M2 Money Supply Up 11.85% Year-on-Year in June: Central Bank
Egypt's M2 Money Supply Up 11.85% Year-on-Year in June: Central Bank Egypt >> 7/31/2019 - Egypt’s M2 money supply rose 11.85% year-on-year in June, data from the central bank showed .

The money supply stood at 3.864 trillion Egyptian pounds ($234 billion) as of the end of June, up...
African, German Officials Hail Egypt's Economic Performance as 'A Model to Follow'
Egypt >> 7/31/2019 - Participants from Africa and Germany, who addressed a recent conference organised in Germany by the Association for Free Research and International Cooperation (AFRIC) , lauded Egypt's economic perfor...
UAE, Mexico Fostering Investment Ties
United Arab Emirates >> 7/31/2019 - The UAE Ambassador to Mexico Ahmed Hatem Barghash AlMenhali and the Mexican Minister of Economy Graciela Marquez Colin have explored ways to promote trade and investment exchanges between the two coun...
UAE Federation of Chambers Of Commerce & Industry Explorer Private Sector Cooperation with Slovakia
United Arab Emirates >> 7/31/2019 - Humaid Mohammed bin Salem, Secretary-General of the UAE Federation of Chambers of Commerce and Industry, FCCI, and Dusan Horniak, Ambassador of Slovakia to the UAE, discussed ways of enhancing the co...
Jordan, Iraq Made Progress to Develop Bilateral Ties, Says Trade Minister
Jordan >> 8/1/2019 - Minister of Industry, Trade and Supply, Tareq Hammouri, said Jordan and Iraq have made "great strides" in enhancing bilateral relations, which were reflected in the recent Royal visit to Baghdad and m...
Jordan Palestine Agree on Boosting Trade Cooperation
Jordan >> 8/1/2019 - Commenting on the joint economic activities, Hammori said these moves have played a "major" role in promoting and developing trade cooperation relations between the countries and agreeing on solutions...
Trade Minister, Iraqi Parliamentary Delegation Discuss Mutual Cooperation
Iraq >> 8/1/2019 - n the mutual understandings, the two sides agreed to start the "door to door" goods transport system of perishable and petroleum products, exempt the Iraqi goods imported through Aqaba port of 75% of ...
Egyptian Minister of Military Production, Ukrainian Amb. Review Bilateral Cooperation
Egypt >> 8/1/2019 - Egyptian Minister of Military Production Mohamed Saeed el Assar had talks on Thursday with Ukrainian Ambassador in Cairo Yevhen Mykytenko on means of promoting bilateral cooperation.

In a s...
Egypt Maintains Customs Exchange Rate at EGP 16 per Dollar for August
Egypt >> 8/1/2019 - Egypt will keep its customs exchange rate steady at EGP 16 to the dollar for August, the finance ministry said in a statement late .

Egypt introduced a monthly fixed customs exchange rate i...
Shares in Egypt's Qalaa Holdings Slide on Diluted Refinery Stake
Egypt >> 8/1/2019 - Shares in Egypt’s Qalaa Holdings, one of the country’s largest investment companies, fell by nearly 10% after it said that its stake in a new refining company had been reduced.

Qalaa said on...
Dubai Investments Reports 17% Increase in Second Quarter Profits
United Arab Emirates >> 8/1/2019 - Dubai Investments has reported a profit of AED 151 million for the second quarter of 2019, an increase of 17% when compared to the same period last year.

Profit for the first six months of th...
Egypt's Finance Ministry Auctions T-Bills worth EGP 19 Bln
Egypt >> 8/2/2019 - The Finance Ministry auctioned treasury bills at a total value of EGP 19 billion.

In an online statement, the ministry said it sold 182-day T-bills worth EGP 9.2 billion with an average yiel...
Egypt, Tanzania Discuss Boosting Cooperation in Aviation Services
Egypt >> 8/2/2019 - Chairman of EgyptAir Holding Company Ahmed Adel discussed in a meeting with a delegation from Air Tanzania means of boosting bilateral cooperation in aviation services, as well as the possibility of ...
Egypt's CBE Chosen as AACB Vice-President For North Africa
Egypt's CBE Chosen as AACB Vice-President For North Africa Egypt >> 8/3/2019 - The Association of African Central Banks (AACB) has chosen the Central Bank of Egypt (CBE) to be the vice-chairperson of the association for the Northern Africa sub-region for the coming session 2019-...
CBE Launches Fresh Standard for Risk-Free Interest Rate
CBE Launches Fresh Standard for Risk-Free Interest Rate Egypt >> 8/3/2019 - he Central Bank of Egypt (CBE) launched a fresh standard for determining a risk-free interest rate.

The standard was developed in cooperation with the European Bank for Reconstruction and D...
CBE Partakes Meeting over Developing Banking Sector in Africa- Bankers
Egypt >> 8/3/2019 - Governors of African central banks praised on Saturday efforts exerted by the Central Bank of Egypt (CBE) in support of the banking sector in Africa last year.

The governors made the remarks ...
Egypt Signs Four Assistance Agreements with USAID worth $ 59 Million
Egypt >> 8/4/2019 - Egypt and the United States, through the United States Agency for International Development (USAID), signed four bilateral assistance agreements worth $59 million .

The US embassy in Cairo ...
KIB Achieves KD 2.34 Billion Net Profits H1 2019
Kuwait >> 8/4/2019 - Kuwait International Bank (KIB) announced Sunday that its total assets increased by KD 266 million to reach almost KD 2.34 billion, a growth of almost 13 percent compared to similar period last year.<...
Minister of Trade Orders Restructuring Egyptian Side to Egyptian-Kuwait Economic Cooperation Council
Egypt >> 8/4/2019 - Minister of Trade and Industry Amr Nassar issued a decision to restructure the Egyptian side to the Egyptian-Kuwaiti Economic Cooperation Council under the chairmanship of Safy Wahba, CEO of El Safy ...

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