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Financials and Investment News

Govt Denies Reducing Pubic Servants' Salaries Over Economic Crisis
Egypt >> 1/8/2023 - The media center of the cabinet denied on Sunday reports that the government plans to decrease financial allocations directed to public servants' salaries due to the current global economic crisis.
India’s Gem, Jewellery Exports Up By 8.26% After CEPA With UAE
United Arab Emirates >> 1/8/2023 - The UAE-India Comprehensive Economic Partnership Agreement (CEPA) helped achieve an increase in India's gem and jewellery exports in this financial year by 8.26 percent, according to Vipul Shah, Chair...
UAE a Trading Capital of The World: Thani al Zeyoudi
United Arab Emirates >> 1/8/2023 - Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said that the UAE continues to leverage its global presence by opening up to the world and expanding its network of trading partners...
Hamriyah Free Zone Authority to Take Part in Steelfab 2023
United Arab Emirates >> 1/8/2023 - The Hamriyah Free Zone Authority (HFZA) in Sharjah has announced it is going to participate in the 18th edition of SteelFab 2023 exhibition organised by Expo Centre Sharjah from 9-12 January.

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Sharm El Sheikh Airport Receives 1st Flight from India
Egypt >> 1/9/2023 - Sharm El Sheikh International Airport received the first flight from Ahmedabad International Airport, said a source from the Egyptian airport.

Operated by a private airliner, the flight arr...
WB: Egypt's Economic Reforms Helpful in Overcoming Int'l Crisis
Egypt >> 1/9/2023 - The World Bank stressed that the economic reforms carried out by Egypt will help overcome the effects of the current international crisis.

The World Bank said "Macroeconomic and structural ...
EGYPS 2023 Set to Drive The Energy Transition Conversation
Egypt >> 1/9/2023 - With the global energy transition underway, the sixth edition of the Egypt Petroleum Show (EGYPS) returns to Cairo from February 13-15 2023 at the Egypt International Exhibition Center to propel the d...
Egypt Defers New Projects That Need USD As Part of Regulations to Rationalise Public Spending
Egypt >> 1/9/2023 - Egypt’s Prime Minister Mostafa Madbouly has issued a number of regulations for state bodies to rationalise public expenditure amid the ongoing global economic crisis, including postponing new projects...
Aldar Advances Its Position With Improved Ratings Across Three Global Benchmarks
United Arab Emirates >> 1/9/2023 - Aldar Properties (Aldar) has witnessed a robust year-on-year improvement in its ratings across three major global environmental, social, and governance (ESG) benchmarks, as gains continued to be made ...
DFM, DWTC to Launch MENA IPO Summit
United Arab Emirates >> 1/9/2023 - The Dubai Financial Market (DFM) and the Dubai World Trade Centre (DWTC) today announced their partnership to host the MENA IPO Summit – Dubai, an essential new platform set to unite the entire IPO va...
Saned in 2022 Contributes to Sustainability of Sharjah Projects
United Arab Emirates >> 1/9/2023 - Sultan Musabah Al Ketbi, CEO of the Saned Integrated Facilities Management Company, said that the level of wastewater treatment for the real estate sector at Sharjah Asset Management Holding Company's...
SIF Provides Strategies for Investors, Businesses And Government to Prosper From The Growing Economy
United Arab Emirates >> 1/9/2023 - The Sharjah Foreign Direct Investment (FDI) Office (Invest in Sharjah) has revealed the agenda for the 6th edition of the Sharjah Investment Forum (SIF 2023), to be held at Al Jawaher Reception and Co...
Ministry of Finance Holds First Session of Corporate Tax Public Awareness Programme in Abu Dhabi
United Arab Emirates >> 1/9/2023 - The Ministry of Finance has held the first session of the Corporate Tax Public Awareness Programme in Abu Dhabi with leading officials in attendance, along with representatives of the Ministry of Fina...
Egypt’s Annual Headline Inflation Rose to 21.9% in December, Up From 19.2% in November: CAPMAS
Egypt >> 1/10/2023 - Egypt's annual headline inflation rose to 21.9 per cent in December 2022, up from 19.2 per cent a month earlier and 6.5 per cent in December 2021, announced the Central Agency for Public Mobilisation ...
Active Engagement of Local Governments in Development Planning More Urgent Than Ever
Egypt >> 1/10/2023 - Minister of Planning and Economic Development Hala El Saeed said that the Egyptian State is devoting more attention to localizing sustainable development goals (SDGs), given their conducive role in ac...
PM Underscores Significant Role of Decent Life Initiative in Developing Countryside
Egypt >> 1/10/2023 - Prime Minister Mostafa Madbouli has reiterated the significant role played by the Decent Life Presidential Initiative in bringing about a quantum leap in the level of various services provided to citi...
IMF Lauds Egypt's Endorsement of State Ownership Policy Document
Egypt >> 1/10/2023 - International Monetary Fund (IMF) Mission Chief for Egypt Ivanna Vladkova Hollar lauded the country's endorsement of the State Ownership Policy Document.

In a press conference held at the f...
CBE: Egypt's Annual Headline Inflation Jumps 24.4% in December 2022
Egypt >> 1/10/2023 - The Central Bank of Egypt (CBE) announced that the annual headline inflation rate jumped 24.4 percent in December 2022, compared to 21.5 percent in November of the same year.

In a statement...
Egypt made great strides towards integrated local development: UNDP
Egypt >> 1/10/2023 - The Egyptian government has made great strides towards integrated local development by adopting large-scale initiatives, such as the "Decent Life" Initiative, UNDP Resident Representative Alessandro F...
Environment Min. Witnesses Signing Protocol With NV University
Egypt >> 1/10/2023 - Environment minister Yasmin Fouad witnessed, 10-1-2023, signing cooperation protocol between environment affairs agency and the new valley university to contribute to financing environment project aim...

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