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Financials and Investment News

Egypt Issues EGP 30 Mln in Coins Monthly to Meet Demand
Egypt >> 1/12/2021 - Egypt has started issuing EGP 1 million in coins per day - EGP 30 million per month - across the country to meet public demand and combat change shortages, the finance ministry announced .

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Bahrain all Share Index Gains 5 Points
Bahrain >> 1/12/2021 - Bahrain All Share Index has closed at 1,458.24 points marking an increase of 5.15 points above the previous closing.

This increase was due to the rise in the Commercial Banks Sector and In...
Legal Experts Advise Businesses on Key Considerations for Successful Commercial Contracts
United Arab Emirates >> 1/12/2021 - Dubai Chamber of Commerce and Industry, in cooperation with The Jorgensen Law Firm PLLC and Ince & Co Middle East LLP / Dubai Branch, recently organised a webinar advising businesses on key considerat...
PM Directs to Finalize Lining, Rehabilitation of Canals Project
Egypt >> 1/12/2021 - Prime Minister Mostafa Madbouli reiterated the importance of finalizing the project of lining and the rehabilitation of canals to maintain the State's water resources.

The premier's remarks...
Tunisian PM Hails Role of Private Sector on Enhancing Egyptian-Tunisian Cooperation
Egypt >> 5/14/2022 - Tunisian Prime Minister Najla Bouden hailed the outcome of the Tunisian-Egyptian economic forum, stressing the importance of the role of the private sector in enhancing cooperation and creating partne...
Egypt Hails EBRD's Approval to Expand Operations in Africa
Egypt >> 5/14/2022 - The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has agreed to expand its operations in Africa.

Addressing EBRD Annual Meeting 2022, Minister of Intern...
Mohamed Bin Zayed: Ambitious Economic Vision For Uae Centennial 2071
United Arab Emirates >> 5/15/2022 - Under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE will unswervingly continue to implement its comprehensive strategy and vision to build a sustainable knowledg...
Gamea: State Easing Procedures for Provision of Lands for Investment Projects
Egypt >> 5/15/2022 - Minister of Trade and Industry Nivine Gamea said the Egyptian State is acting to provide land plots required to carry out industrial projects with very simple and easy procedures.

Gamea s...
Min.: Low-Cost Development Finance Represents 25% of External Debt
Egypt >> 5/15/2022 - Minister of International Cooperation Rania el Mashat said that low-cost development finance generally represents 25% of the country's external debt, namely $25 billion.

Speaking at a pr...
Egypt Adopts Five-Pillar Approach to Cope With Global Economic Crisis: PM Madbouly
Egypt >> 5/15/2022 - Prime Minister Mostafa Madbouly said Egypt is working on a five-pillar plan to cope with the current global economic crisis resulting from the coronavirus pandemic and Russian-Ukrainian conflict.
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Egypt's Food Exports Increase by 5% in 1Q of 2022
Egypt >> 5/15/2022 - Exports of the Egyptian food industry increased by 5 percent in the first quarter of 2022, recording $1.04 billion against $996 million in the corresponding period in 2021, chairman of the Food Export...
Fitch Solutions Revises Egypt’s Real GDP Growth Slightly
Egypt >> 5/15/2022 - Fitch Solutions revised up Egypt’s real GDP growth forecast by 0.1 percent for 2022 to reach 5.6 percent, up from the 5.5 percent it projected in April, according to Fitch Solutions’ MENA Monthly Outl...
ICT Minister Probes Global Tech Giant Stmicroelectronics' Investment Plans in Egypt
Egypt >> 5/15/2022 - Minister of Communication and Information Technology Amr Talaat and STMicroelectronics' Executive Vice President Ricardo De Sa Earp reviewed the company's investment plans in Egypt.

Headq...
Finance Min.: 90% of Financial Directorates to Be Mechanized By End of June
Egypt >> 5/15/2022 - Finance Minister Mohamed Maait said 90 percent of financial directorates will be mechanized before the end of June, thus contributing to upgrading the financial performance of administrative bodies in...
Egypt Expected to Reach Agreement on New Imf Programme Within ‘Very Few Months’: Pm
Egypt >> 5/15/2022 - Egypt is negotiating with the International Monetary Fund (IMF) on a new cooperation programme to support the country's comprehensive economic reforms and an agreement is expected to be reached within...
Bahrain Islamic Index Closes Higher
Bahrain >> 5/15/2022 - Bahrain All Share Index closed at 1,960.90 points marking a decrease of 10.02 points below the previous closing.

This decrease was due to the fall in the Financial Sector.

Bahr...
Egypt's FM Highlights Green Investment Opportunities .
Egypt >> 5/16/2022 - Foreign Minister Sameh Shoukry highlighted green investment opportunities in Egypt during the US GreenTech Business Mission delegation’s visit to Cairo, especially in light of its hosting of the 2022 ...
PM Reviews Several Proposals to Lure More Investments
Egypt >> 5/16/2022 - Prime Minister Moustafa Madbouli asserted the importance of going ahead with promoting ongoing efforts to attract more investments to the Suez Canal Economic Zone (SCZone) as per constant directives o...
Dollar Down on Onset of Monday's Transaction
Egypt >> 5/16/2022 - The exchange rate of the US dollar against the Egyptian pound went down at the beginning trading at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rat...
Maait Reviews in Dakar Egypt's Successes in Issuing Green Bonds
Egypt >> 5/16/2022 - Egyptian Finance Minister Mohamed Maait Mondayattended here a working session on global financial building and the necessity that Africa has a voice in this regard.

The session convened as...

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