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UAE, China Launch $10 Bln Strategic Investment Fund
United Arab Emirates >> 12/15/2015 - The UAE and China launched a US$10 billion strategic co-investment fund, to support the development of sectors of mutual strategic interest in the UAE, China and internationally.

Sheikh Mo...
Cairo Among The World’s Best Cities to Launch Startups
Egypt >> 12/16/2015 - Despite the deteriorating economic situation in the country, Egyptian entrepreneurs seem to be gearing up to change current circumstances.

According to a recent Forbes article, young Egyp...
CBK Raises Deduction Rate by 0.25 pct
Kuwait >> 12/16/2015 - The board of directors of the Central Bank of Kuwait (CBK) decided Wednesday to raise the deduction rate by 0.25 percent to 2.25 percent.

CBK Governor Dr. Mohammad Y. Al-Hashel said the deci...
Kuwait, Armenia Strengthen Economic Relations
Kuwait >> 12/17/2015 - Deputy Prime Minister, Finance Minister and Acting Oil Minister Anas Al-Saleh stressed the importance of boosting economic and technical relations with the Armenian Republic, especially in the fields ...
Egypt's CIB Approves negotiating Sale of CI Capital to Sawiris
Egypt >> 12/17/2015 - The board of directors in Egypt's leading listed bank Commercial International Bank approved on Thursday moving forward with an offer by business tycoon Naguib Sawiris to acquire its investment bank s...
Saudi Food Company plans $38-Mln Expansion in Egypt
Saudi Arabia >> 12/17/2015 - Saudi listed Abdullah Al-Othaim Markets Company said it has approved a SAR 144-million (approximately $38.4 million) initial plan for expansion in Egypt, opening new foodstuff retail and wholesale sto...
Sisi: Egypt Resolved to Overcome Bureaucracy for Investments
Egypt >> 12/19/2015 - President Abdel Fattah El Sisi stressed that Egypt was more resolved to remove all bureaucratic obstacles and red tape to ease launching new investments.

Sisi's remarks were made at his inaug...
GAFI Chief: Egypt Enjoys political, Security Stability
Egypt >> 12/19/2015 - Egypt enjoys the political stability and security that allows luring more investments, Alaa el Din Omar, the CEO of the Egyptian General Authority for Investment and Free Zones (GAFI) said.

...
Egyptian Banks to Finance New Siemens Power Plants with LE10 bln
Egypt >> 12/20/2015 - The Egyptian Electricity Holding Company will sign a LE10 billion ($1.2 billion) loan contract with a group of banks to partially finance the country’s three new power plants with a combined capacity ...
USD 1.5 Billion Total Costs of Egypt's Sinai Project.
Egypt >> 12/20/2015 - Visiting Egyptian Minister of International Cooperation Sahar Nasr has said that the total costs of the Sinai Peninsula reach USD 1.5 billion.

It includes several projects, in various sector...
Sherif Ismail held meeting to follow the establishment of Damietta city of Furniture developments
Egypt >> 12/20/2015 - Engineer Sherif Ismail, chairman of the Council of Ministers, held a meeting to follow up the developments of the situation the executive board for the establishment of the city of Damietta furniture,...
Egyptian Cabinet approves development decisions
Egypt >> 12/23/2015 - The cabinet under Prime Minister Sharif Ismail approved several decisions related to carrying out development projects.

The cabinet approved a republican decree to re-allocate 488.8 feddans f...
EU-Egyptian Program to Boost Trade
Egypt >> 12/23/2015 - Trade and Industry Minister Tarek Qabil a European-Egyptian program to promote trade and local markets in Egypt will start in February next year at a cost of 20 million Euros.

Qabil said in ...
Sherif Ismail Set Urgent Plan to Establish of Commercial Chains
Egypt >> 12/23/2015 - PM Sherif Ismail decided to take urgent action to finalize a comprehensive plan for the implementation of the commercial chains to provide basic goods and foodstuffs at discounted prices for attractin...
Egypt Continues Third Metro Line Extension
Egypt >> 12/24/2015 - Egypt signed an agreement with the European Investment Bank to receive the second tranche worth €200 million for the extension of Cairo's third metro line, Ahram news website reported.

The Eu...
Tarek Qabil Links Cooperation Protocol with Afreximbank
Egypt >> 12/26/2015 - Minister of Trade and Industry Tarek Qabil announced that the African Export-Import Bank (Afreximbank) will present a 500-million-dollar fund to facilitate the movement of trade between Egypt and othe...
Dubai Reviews Investment Opportunities in Italy and Japan
United Arab Emirates >> 12/27/2015 - A delegation from the Dubai Foundation for the Development of Investment, DFDI, part of the Department of Economic Development, DED, in the Emirate of Dubai, visited Italy and Japan to brief represent...
AFESD, Jordan sign $70.6M Agreements to Fund Development Projects
Jordan >> 12/28/2015 - Arab Fund for Economic and Social Development (AFESD) and Jordan signed, two loan agreements and one grant for USD 70.6 million to fund development projects in Jordan.

The agreements were sig...
Economic Committee Discusses National Industry Support
Egypt >> 12/29/2015 - The ministerial economic committee discussed measures to encourage sale of locally-made products to support Egyptian industries and reduce the bill of imports.

The measures will have a posit...
Sisi Reviews Efforts to Set up Industrial Zones
Egypt >> 12/30/2015 - President Abdel Fattah El Sisi reviewed measures to establish specialized industrial cities and zones at a meeting with Trade and Industry Minister Tarek Qabil.

A new industrial zone will be...

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