| United Arab Emirates >> 9/3/2017 - Noor Bank has announced that it won the Innovator in Islamic Finance 2017 award in the Process Innovation category from the New York-based Global Finance magazine. Speaking about the win, Ehs... |
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Egypt >> 9/18/2016 - President Abdel Fattah El Sisi issued the Value Added Tax (VAT) law after it was approved by the House of Representatives. The law, to be published in the Gazette, revokes law no. 11/1991 ... |
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Egypt >> 8/19/2016 - A total of 53 foreign exchange bureaus have been closed since the start of the year, deputy governor at the Central Bank of Egypt (CBE) Gamal Negm said . The CBE has closed a large number o... |
| Saudi Arabia >> 8/3/2016 - Saudi Arabia's central bank is having only mixed success in using money market tools to fight a surge in market interest rates caused by low oil prices, and may need to resort to more radical steps, c... |
| Sudan >> 6/12/2016 - Sudan's annual inflation rate rose to 13.98 percent in May from 12.85 percent in April, on the back of a sharp rise in the prices of food and beverages, Sudan's Central Statistics Office said. ... |
| Egypt >> 6/12/2016 - Egypt's Beltone Financial , a unit of billionaire businessman Naguib Sawiris's OTMT, said it planned to convert up to a third of its share capital into Global Depositary Receipts (GDRs) listed abroad.... |
| United Arab Emirates >> 6/1/2016 - A meeting of shareholders in Dubai-listed construction firm Arabtec Holding approved a plan to use 1 billion dirhams ($272 million) of the company's statutory reserves to wipe out some of its accumula... |
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Egypt >> 5/31/2016 - Egypt's non-petroleum exports have increased in April 2016 to $1.7 billion, compared to $1.6 billion in the same month of 2015, an increase of 8.85 percent, said Trade and Industry Minister Tarek Qabi... |
| Egypt >> 5/26/2016 - Egypt imposed a EGP 6 ceiling per pack on the increase in the price of medicines, after a number of pharmacists and drug companies circumvented an earlier decision to raise fixed prices, MENA agency q... |
| Iran >> 5/21/2016 - Government Spokesman Mohammad Baqer Nobakht announced that Iran has attracted over $3.4 billion of foreign investment in less than one year. "We have managed to attract $3.481 billion of inve... |
| Egypt >> 5/20/2016 - Egypt's finance ministry has listed 52 commodities and services that will be exempted from a new value-added tax (VAT), which is expected to be applied this year after it is approved by parliament. |
| Egypt >> 2/23/2016 - The Central Bank of Egypt (CBE) will not reduce the exchange rate of the Egyptian pound before the foreign reserves reach US$25 billion or $30 billion, stated CBE Governor Tareq Amer. Amer ad... |
| Egypt >> 2/16/2016 - Egypt's central bank is not moving toward devaluing the pound or floating its currency, a central bank official said in remarks published by the state news agency on Tuesday, as demand for dollars in ... |
| Egypt >> 1/18/2016 - The Finance Ministry auctioned treasury bills at a total value of EGP 7.5 billion. In an online statement, the ministry said it sold EGP 3 billion of 91-day T-bills. The average yield was 11.... |
| United Arab Emirates >> 1/18/2016 - The value of real estate investment transactions made by overseas buyers in Dubai in 2015 exceeded AED135 billion, up 24 per cent from AED109 billion of transactions reported in 2014, the Dubai Land D... |
| Egypt >> 1/13/2016 - Egypt’s Suez Canal revenues dropped by 5.3 percent in 2015 to US$5,175 billion, down from US$5,465 billion, Suez Canal Authority chief Mohab Mamish said. Mamish attributed the fall to a st... |
| Saudi Arabia >> 1/10/2016 - Saudi Arabia has retained its position as the top trading partner of Dubai among the GCC states, the Arab countries and the Middle East, and has been the fourth top trading partner of Dubai on the glo... |
| Egypt >> 1/8/2016 - Egypt will witness a moderate growth up to 3.8 percent in the financial year ending in June 2016, the World Bank (WB) expected in a report. In its Global Economic Prospects, the WB also expec... |
| Kuwait >> 1/8/2016 - The fiscal year of 2015/16 will close with a deficit of KD 3.9 billion (USD 12.7 billion) or 9.8 percent of GDP, National Bank of Kuwait (NBK) predicted. The interim public finance figures fo... |
| Egypt >> 1/4/2016 - Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance Ministry, which praised the surge as a result of “tax reforms” and “economic improve... |
