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14,000 Tons of Goods Handled at Red Sea Ports
Egypt >> 1/21/2024 - About 14,000 tons of goods were handled at different Red Sea harbors, the Red Sea Ports Authority (RSPA) said.

In a statement, the RSPA said imports included 5,500 tons of goods, 542 trucks...
EU Sanctions Russia's Largest Diamond Producer Alrosa
Egypt >> 1/3/2024 - The European Union imposed sanctions on Russia's state-run diamond giant Alrosa and its CEO as part of a ban on imports of the precious stones over the Ukraine war.

The EU in December agree...
Egypt's Engineering Exports Increase Slightly in First 5 Months of 2023
Egypt >> 7/17/2023 - Egypt's engineering exports reached around $1.64 billion during the first five months of 2023, 0.7 percent higher than the same period last year, Minister of Trade and Industry Ahmed Samir stated on t...
Minister: Egypt Contributes to Securing Part of Europe’s Energy Needs
Egypt >> 3/11/2023 - Cairo has contributed to securing part of Europe’s energy needs during the global crisis, thanks to Egypt’s special position as a regional hub for energy, said Petroleum and Mineral Resources Minister...
Modernisation of Textiles Sector
Egypt >> 8/21/2022 - The government’s modernisation plans for Egypt’s textiles sector are paying off, with a greater role planned for the private sector.

As part of the cabinet-sponsored dialogue to discuss th...
PM Chairs 1st Meeting of ERRADA Board of Trustees
Egypt >> 9/6/2019 - Prime Minister Moustafa Madbouli chaired the first meeting of the Egyptian Regulatory Reform and Development Activity's (ERRADA) board of trustees.

Members of the Central Unit for the Review...
Egypt Sees 7.2% Budget Deficit, Higher Primary Surplus in Fy 2019/20
Egypt >> 9/3/2019 - Egypt is targeting a budget deficit of 7.2% this fiscal year, and a deficit of 6.2% in the 2020/21 fiscal year, the finance minister said .

The country is targeting a primary surplus of 124 b...
Central Bank's New Regulations for Forex Transactions
Egypt >> 8/13/2019 - Last week, the Central Bank of Egypt (CBE) announced new regulations regulating foreign currency import and export.

The new regulations allow banks to sign contracts with international financ...
Kenya's Investments in Egypt Hits $7.7 Mln: Trade Minister
Egypt >> 7/18/2019 - Egypt's minister of trade and industry Amr Nassar said that Egyptian investments in Kenya estimate $36.6 mln and are ranked 24th among investors in the Kenyan market. Nassar, who is participating in ...
Egypt's Trade Minister Takes Part in COMESA Summit in Nairobi
Egypt >> 7/17/2019 - Minister of Trade and Industry Amr Nassar, on behalf of President Abdel Fattah El Sisi, led Egypt's delegation to the Source 21 COMESA International Trade Fair and the third Kenya Week.

The e...
Russian Wheat Offered Lowest at Egypt's GASC Tender at $196.86/T
Egypt >> 6/20/2019 - An Egyptian state tender for wheat attracted a lowest offer of $196.86 per tonne for 55,000 tonnes of Russian wheat, traders said .

The offer was presented by Glencore. Egypt’s state grains ...
Boost to UAE’s Non-Oil Diversification Strategy
Bahrain >> 2/18/2019 - Etihad Credit Insurance (ECI), the UAE Federal export credit company, said it has signed a cooperation memorandum of understanding (MoU) with Standard Chartered Bank, a leading global banking group. T...
Egypt's Primary Budget Surplus Registers EGP 21 Bln
Egypt >> 1/30/2019 - Egypt achieved a primary budget surplus of EGP 21 billion, representing 0.4 percent of gross domestic product (GDP) in July-December 2018, compared to a primary budget deficit of EGP 14 billion that c...
Africa Investment Guarantee Fund to Promote Cooperation between Egypt, Africa
Egypt >> 1/7/2019 - Prime Minister Dr Mostafa Madbouli said the Africa Investment Guarantee Fund will contribute to increasing investments and expanding cooperation between Egypt and all African nations through fruitful ...
Central Bank of BahrainAnnounces First Company to Complete Regulatory Sandbox Stage
Bahrain >> 12/11/2018 - The Central Bank of Bahrain (CBB) announced that Tarabut Gateway, a subsidiary of Almoayed Technologies, was the first company to complete the Regulatory Sandbox stage successfully and received the CB...
IMF Report Expected Increase in Private Investment in Egypt
Egypt >> 11/13/2018 - The International Monetary Fund (IMF) expects an increase in private investment in Egypt due to improved confidence.

In its Regional Economic Outlook: Middle East and Central Asia November 20...
Cabinet Approves Resolution On VAT Refunds For Exhibitions, Conferences
United Arab Emirates >> 5/13/2018 - The Cabinet has approved a resolution pertaining to the Value Added Tax (VAT) for Conferences and Exhibitions, in line with the government's ongoing efforts to support this sector and to enhance the c...
Bahrain Bourse Daily Trading Performance
Bahrain >> 5/13/2018 - Bahrain All Share Index has closed at 1,271.09 points marking an increase of 0.35 points above the previous closing .

This increase was due to the rise in the Commercial Sector.

Bahr...
CBB Treasury Bills Subscribed
Bahrain >> 5/8/2018 - This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 100%. The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of Bahrain<...
Tunisia Needs Dialogue to Solve Economic Crisis-Islamist Leader
Tunisia >> 4/26/2018 - Tunisia needs a national dialogue to end a deadlock over economic reforms in the same way it solved a political crisis in 2013 that almost tore apart the birthplace of the Arab spring, the head of the...

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