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RAKBANK Reports H1 2012 Net Profit of AED668.7m
United Arab Emirates >> 7/23/2012 - The National Bank of Ras Al-Khaimah (P.S.C.) (RAKBANK) has reported a net profit of AED 668.7 million for the half year ended 30th June 2012, reflecting a 13.5% growth compared to same period of 2011 ...
GCC Investment Forum Slated in Oman Next August
United Arab Emirates >> 7/23/2012 - The first forum on investment and partnership in the GCC region was scheduled from August 28 to 30 in Oman. The event is being organized by the Oman Chamber of Commerce and Industry of Commerce and In...
Exchange Gains EGP400m
Egypt >> 7/23/2012 - The Egyptian Exchange (ESE) gained EGP400 million at the close of trading on 22/7/2012, the first session after the start of the Muslim holy month of Ramadan. The main benchmark EGX 30 index was up by...
DIFC Accounts for 1.4 Percent of UAE's GDP in 2011
United Arab Emirates >> 7/25/2012 - The Dubai International Financial Centre (DIFC), today issued its fifth annual Economic Activity Survey Report for 2011 putting the total value added (GDP equivalent) of the Centre's sub-economy at US...
€20 Million from Germany for Aswan Power Stations
Egypt >> 7/27/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga signed a financial cooperation agreement with the German ambassador in Cairo Michael Bock for receiving six million euro easy term lo...
Egypt's Alcotexa Sells 2,440 T Cotton in Two Weeks
Egypt >> 7/30/2012 - Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 2,440 tonnes of cotton in the two-week period that ended on July 28, an Alcotexa official said on Monday. The sales compri...
ESE Gains LE 4.5 bn
Egypt >> 8/1/2012 - The Egyptian Stock Exchange (ESE) gained LE 4.5 billion at the close of trading on 31/7/2012 amidst increased foreign purchases. The main benchmark EGX 30 index was up by 2.03 per cent to reach 4862.5...
Egypt's New Government Leaks Drive up Stocks
Egypt >> 8/1/2012 - Egypt’s stocks ended the trading day with a surge as many investors, especially foreigners, seemed hopeful following leaks of potential ministers in the new government under Hisham Qandil. New Prime M...
Egypt Gov’t Resumes Talks with IMF to Get US$3.2 BLN
Egypt >> 8/5/2012 - Minister of Finance Momtaz al-Sa'eed on 4/8/2012 said that the government of Dr. Hisham Qandil gives the economic file a great deal of attention which will help in solving the unemployment problem, fu...
Investments of 150 Million EGP at Beherah
Egypt >> 8/5/2012 - Chamber of commerce of “Beherah” governorate announced the establishment the largest market complex in the Middle East over area of 57 acres with initial investments of 150 million EGP and it will be ...
Egypt Eyes 4.5% Growth in 2012-2013
Egypt >> 8/12/2012 - Egypt seeks to achieve economic growth by 4.5 percent in 2012-2013, Minister of Planning and International Cooperation Ashraf el-Arabi said on 10/8/2012. Speaking during a press conference, Arabi said...
Abdullah Bin Zayed Receives Jordanian Ministers
United Arab Emirates >> 8/13/2012 - Ways to enhance the unique bilateral relations between the UAE and Jordan, in economic and investment spheres in particular, were discussed by H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Ministe...
Suez Canal Region Provides more than a Million Jobs
Egypt >> 9/8/2012 - Minister of Housing Dr. Tarek Wafik said that the Suez Canal region could provide about one million job opportunities through the application of Egypt's strategic plan of urban development until 2025....
IMF Loan Pushes up Egypt Stocks 1.8 pct
Egypt >> 11/21/2012 - Egypt stocks soared during Wednesday trading as the success of the government in reaching agreement with the International Monetary Fund on a $4.8 loan positively affected investors' behaviour. The be...
Bilateral Relations between Algeria and Qatar
Qatar >> 1/7/2013 - Qatar's Prime Minister and Foreign Minister HE Sheikh Hamad bin Jassim bin Jabor Al Thani held an official talks at the Presidential Palace with Algeria's Prime Minister Abdelmalek Sellal. The meeting...
Egypt's Economic Chaos Drives Stocks down Sharply
Egypt >> 4/3/2013 - Egyptian stocks saw a drastic plunge in session, as investors have been spooked by the country’s economic mess, selling their shares. The main index EGX30 dropped 2.2 percent, recording 4,926 points, ...
Egypt’s Stock Market Surprisingly Gains EGP 2.2bn
Egypt >> 7/1/2013 - Despite protests that took place in Egypt on 30/6/2013, Egypt's stock market surprisingly closed with gains and its indexes were all up to reach the highest level in three weeks. The market capital ac...
Egypt Plans Quick Steps to Spur Economy
Egypt >> 7/31/2013 - Deputy PM for economic affairs Ziad Bahaa el-Din said that Egypt's new cabinet plans quick steps to spur the economy while laying the ground for a broader "Marshall Plan" to present to Gulf countries ...
Preparatory Meeting for UAE-USA Economic Policy Dialogue
United Arab Emirates >> 9/9/2013 - Khaled Ghanem Al Ghaith, UAE Assistant Foreign Minister for Economic Affairs, chaired a preparatory meeting for the Economic Policy Dialogue between the UAE and the USA.

The Dialogue is ai...
Egypt Economy Grew 2.2% in Q4 of 2012/13
Egypt >> 9/11/2013 - The Egyptian economy grew by 2.2 percent in the fourth quarter of the 2012/13 fiscal year which ended on 30 June, Minister of Planning Ashraf El-Araby has said. Average growth for the entire 2012/13...

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