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Egypt PM Issues Decree to Form New Ministerial Cluster for Investment
Egypt >> 1/9/2020 - The Egyptian pharmaceutical industry is at risk due to a number of governmental policies that need to be reviewed, but it has a room to grow thanks to number of options that can be tapped to overcome ...
Finance Minister: Government Keen to Increase Singaporean Investments in Egypt
Egypt >> 1/10/2020 - Finance Minister Mohamed Maait has said the government is keen to beef up the Singaporean investments in the country.

Maait made the remarks during his meeting here with new Singaporean Amb...
CBE Board Forms New Monetary Policy Committee
Egypt >> 1/11/2020 - The Central Bank of Egypt (CBE) board of directors issued on a decision on the formation of the new monetary policy committee.

The committee will be chaired by CBE Governor Tareq Amer, and...
ASCAME: Trade Exchange Bet. Egypt, China to Increase by 24% in 2020
Egypt >> 1/11/2020 - The volume of trade exchange between Egypt and China is expected to rise by more than 24 percent in 2020, President of the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) A...
Egypt's Envoy Asserts Importance of Economic Relations With Lebanon
Egypt >> 1/11/2020 - Egypt's Ambassador to Lebanon Yasser Olwi asserted the importance of economic relations between Cairo and Beirut, hailing the key role of the Egyptian-Lebanese business council in boosting these relat...
Egypt's Parliament to Discuss Enhance Stock Performance and Facilitate Investment
Egypt >> 1/11/2020 - Following a three-week Christmas holiday, Egypt's parliament will reconvene to grapple with a host of issues.

According to the schedule of debate , parliament will meet to discuss the new g...
Global Economic Growth Anticipated to Increase by 2.5%: World Bank
Egypt >> 1/11/2020 - The World Bank (WB) expects global economic growth to rise in 2020 by 2.5 percent, poised for a modest rebound this year, after its weakest performance since the global financial crisis.

Ac...
Egypt to pay $1.6 billion as debt to Arab countries in 2H 2020; Kuwait has the lion's share: CBE
Egypt >> 1/12/2020 - The Central Bank of Egypt (CBE) revealed that Egypt has to pay $1.694 billion during the first half of 2020, $5.167 billion during the second half, and $681 million in the first half of 2021, as debts...
Egypt's Real GDP to Rise to 5.9%, Up To 6% In 2022: World Bank
Egypt >> 1/12/2020 - The World Bank expects that Egypt's real GDP growth will reach 5.9 percent in 2020, up from 5.7 percent in 2018, forecasting 6 percent growth in 2021-2022.

According to its semi-annual Glob...
Egypt's Central Bank Didn't Receive Request from Lebanon's Bank Audi to Sell Egyptian Unit
Egypt >> 1/13/2020 - The Central Bank of Egypt (CBE) stated it had not received a request from Lebanon’s Bank Audi to sell its Egyptian unit.

Media reports said Bank Audi planned to sell its Egyptian unit as pa...
EGX Gains EGP 3.7bn
Egypt >> 1/13/2020 - The Egyptian Exchange (EGX) gained about 3.7 billion pounds at the end of trading backed by selective purchase operations by local and Arab investment funds.

The EGX 30 benchmark index uppe...
UAE Stock Markets Gain AED7.1 Billion
United Arab Emirates >> 1/14/2020 -  UAE stock markets continued their rise for the second consecutive day, amid improvements in trading, with market capitalization of trading companies reaching AED7.1 billion.

The Abu Dhabi ...
Ministry of Economy, Italian Delegation Discuss Economic, Commercial Cooperation
United Arab Emirates >> 1/14/2020 -  Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, and Manlio di Stefano, Deputy Minister of Foreign Affairs of Italy, discussed the economic and commercial coop...
Egypt,Belarus Discuss Industrial Cooperation
Egypt >> 1/14/2020 - State Minister for Military Production Mohamed Saeed el Assar discussed with Belarus Ambassador in Cairo Sergei Terentiev developing ties between Egypt and Belarus in the industrial field to benefit f...
Foreign Ministry: Egyptian-US Talks on Ethiopia Dam
Egypt >> 1/14/2020 - Ministers Sameh Shoukry of Foreign Affairs and Mohamed Abdel Atti of Water Resources and Irrigation participated negotiations in Washington on the Grand Ethiopian Renaissance Dam (GERD).

The ...
Kuwait Central Bank's Joining of BIS Significant Move -- Bankers
Kuwait >> 1/15/2020 - The Central Bank of Kuwait joining the Bank for International Settlements boosts the CBK role in drawing up international banking policies, according to Kuwaiti bankers. With this move, the CBK has jo...
World Bank Eager to Upgrade Egypt's Economic Reform Programme
Egypt >> 1/15/2020 - The World Bank’s global director for Urban, Disaster Risk Management, Resilience and Land Global Practice, Sameh Wahba, has said the institution is eager to upgrade cooperation programmes with the Egy...
Egypt's Holding Company for Tourism, Hotels & Cinema revenues hit EGP 4 bln
Egypt >> 1/15/2020 - Egypt's Holding Company for Tourism, Hotels & Cinema and its subsidiaries collected revenues worth EGP 4 billion in fiscal year 2017/2018, achieving a growth rate of 26 percent. The company's net prof...
UAE Gold, Diamond Trade in 2018 Totals AED258.4 Billion
United Arab Emirates >> 1/15/2020 - The value of the UAE’s trade in raw and semi-worked gold and diamonds in 2018 amounted to AED258.4 billion, which reinforced the country's position as a regional centre of the trade in the Middle East...
Egypt Seeks to Fulfill Its 2030 Vision
Egypt >> 1/15/2020 - Minister of International Cooperation Rania el Mashat said that her ministry’s strategy is to strengthen multilateral cooperation with development partners to achieve Egypt Vision 2030 in pursuance of...

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