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DUBAL Holding Acquires 60% Stake in OSE Industries
United Arab Emirates >> 12/8/2020 -  DUBAL Holding, a wholly owned subsidiary of Investment Corporation of Dubai, ICD, announced the acquisition of 60 percent stake in OSE Industries, a specialised aluminium extrusion company in the UAE...
CBB Sukuk Al-Ijara Oversubscribed by 560%
Bahrain >> 12/8/2020 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 560%.

Subscriptions worth BD 145.482 m...
Ento Capital Expands Its Assets Management To Uk With Al Rajhi Legacy
United Arab Emirates >> 12/8/2020 - A regulated entity of the Dubai Financial Services Authority, DFSA, Ento Capital is expanding its Assets Management to UK with launching of US$50 million Al Rajhi Legacy Fund.

The Al Rajhi ...
E-Commerce Sales to Rise to AED100bn by 2022: Dubai Customs
United Arab Emirates >> 12/8/2020 -  Dubai Customs expects e-commerce sales to rise 23 percent to US$27 billion (AED100 billion), in 2022.

Dubai Customs plays a major role in supporting the strategy which sees Dubai as the wo...
Smart Dubai Launches Integration Platform As A Service at GITEX Technology Week 2020
United Arab Emirates >> 12/8/2020 - Smart Dubai has launched the Integration Platform as a Service, iPaaS, at GITEX Technology Week, which is holding its 40th edition at the Dubai World Trade Centre from December 6 to 10, 2020.

...
Etihad Airways Launches First Aircraft Carbon Offset Programme in Middle East
United Arab Emirates >> 12/8/2020 -  Etihad Airways, the national airline of the UAE, has committed to purchasing carbon offsets, to completely neutralise the CO2 emissions of its flagship "Greenliner" 787-10 aircraft for a full year of...
Ebury Becomes First Firm to Offer Regulated Money Services From Dubai International Financial Centre
United Arab Emirates >> 12/8/2020 - The Dubai International Financial Centre, DIFC, the leading global financial centre in the Middle East, Africa and South Asia, MEASA, region, announced that Ebury, a leading global FinTech backed by S...
Egypt’s GDP Growth to Bounce Back in 2022, Reaching 5.6%: Fitch Solutions
Egypt >> 12/8/2020 - Egypt’s GDP growth is expected to record 3.5 percent by the end of 2020 and to slow down to 3.2 percent in 2021, before bouncing back in 2022 to 5.6 percent, according to Fitch Solutions.

F...
Italian Agency for Development Cooperation Grants €3 Million to Projects in Egypt
Egypt >> 12/8/2020 - The director of the Italian Agency for Development Cooperation, Martino Milli, announced that work is currently underway for a manufacturing grant project valued at three million euros for development...
Egypt’s Planning Minister Meets With OECD Representatives and 33 Ambassadors from Member States
Egypt >> 12/9/2020 - Dr. Hala El-Said , Egypt’s Minister of Planning and Economic Development, held a meeting with representatives of the Organization for Economic Cooperation and Development (OECD), with the participatio...
Egypt’s SWF to Create Investment Opportunities for Private Sector
Egypt >> 12/9/2020 - Egypt’s SWF to create investment opportunities for private sector, partners with NSPO to launch IPOs: Planning minister.

Minister of Planning and Economic Development Hala El-Said stated th...
PM Urges Drawing Up National Climate Change Strategy
Egypt >> 12/9/2020 - Prime Minister Moustafa Madbouli directed the government to set up a national strategy for climate change.

Chairing a meeting of the Supreme Committee of the National Council for Climate Ch...
UAE, Estonia Political Consultations Committee Discusses Means of Bolstering Cooperation
United Arab Emirates >> 12/10/2020 - The first edition of the Political Consultations Committee between the UAE Ministry of Foreign Affairs and International Cooperation, MoFAIC, and the Ministry of Foreign Affairs of Estonia began remot...
Egypt, Iraq Confer Cooperation in Air Transport
Egypt >> 12/10/2020 - Civil Aviation Minister Mohamed Manar discussed Wednesday 9/12/2020 with Iraq’s Transport Minister Nasser Hussein Al-Shibli means of boosting cooperation in the field of air transport.

The...
PM: Egypt Keen to Enhance Cooperation With Iraq, Jordan
Egypt >> 12/13/2020 - Prime Minister Mostafa Madbouli urged to swiftly accomplish joint projects among Egypt, Iraq and Jordan amid the current challenges that face the Arab region.

The premier chaired a triparti...
Egypt Starts Implementing AATB Program, Says Minister
Egypt >> 12/13/2020 - The Trade and Industry Ministry has started implementing an “Arab Africa Trade Bridges” (AATB) program in Egypt.

Launched by the International Islamic Trade Finance Corporation (ITFC), the ...
Tax Authority Urges Exporters to Join E-Bill As Condition for Benefiting from State Subsidy
Egypt >> 12/14/2020 - Head of the Egyptian Tax Authority Reda Abdel Qader has appealed to exporters to join electronic bill payment system, known as (e-bill), as of July 1, 2021, in order to benefit from state subsidy to t...
State Bodies Join Hands to Face Covid 19 Pandemic Outbreak - Minister
Egypt >> 12/14/2020 - Petroleum Minister Tarek el Molla said all state institutions rallied their efforts to preserve lives of people and at the same time keep the production process going on during the Covid 19 pandemic....
Egyptian-Lebanese Business Association Holds Seminar Wednesday
Egypt >> 12/14/2020 - The Egyptian-Lebanese Businessmen Association will organize a seminar themed "Sustainable Development Plans Within 2030 Egypt Vision" with the participation of Planning and Economic Development Minist...
US Dollar to Egyptian Pound Exchange Rates Witness Slight Increase
Egypt >> 12/14/2020 - Global negative-yielding debt jumped to $17.5 trillion in 2020, on a par with all-time highs, pushing investors into riskier assets as they searched for yield, widening in turn the range of low- or ne...

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