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Financials and Investment News

Urgent Solutions to Investors’ Problems
Egypt >> 6/27/2014 - Prime Minister Eng. Ibrahim Mahlab emphasized the government's keenness on solving problems and removing obstacles facing the Arab and foreign investments in Egypt. He added that the Arab and foreign ...
PM Discusses Strategic Plan on Roads, Bridges Projects
Egypt >> 6/29/2014 - Prime Minister Ibrahim Mahlab held a meeting on 28/6/2014 to discuss the strategic plan on the roads and new bridges projects with the attendance of the ministers of transport and housing as well as ...
PM Inaugurates First Phase of Pyramids Plateau Development
Egypt >> 6/29/2014 - Prime Minister Ibrahim Mahlab made a tour of the Pyramids area in Giza on 28/6/2014. He was accompanied by the ministers of tourism, and antiquities and the governor of Giza.

During the tou...
Yemen, WB Discuss Current Economic Situation
Yemen >> 6/30/2014 - Finance Minister Dr. Mohammed Zemam met on Monday with the World Bank's Country Director in Yemen Wael Zakout and the Bank's mission on the National Dialogue Conference (NDC) outcomes.

Duri...
Egypt Saves LE 41bn after Cuts in Energy, Electricity Subsidies
Egypt >> 7/2/2014 - Finance Minister Hani Qadri said on 1/7/2014 Egypt has saved some LE41 billion in its 2014-2015 budget after the government reduced subsidy going to energy and electricity products.

Subsidy...
US$2m Mohamed bin Zayed's Iftar Campaign Launches in Morocco
United Arab Emirates >> 7/2/2014 - U.A.E. Ambassador to Morocco, Al Asri Saeed Al Dhaheri, has launched the Sheikh Mohamed bin Zayed Ramadan iftar campaign for Morocco for 2014, a charity initiative sponsored by His Highness General Sh...
U.A.E.'s IT Security Services Sector to Reach AED1.7bn in 2018
United Arab Emirates >> 7/2/2014 - IT security services sector in U.A.E. is expected to reach AED1.7 billion (USD473 million) in 2018 with an expected growth rate of 17%, as the country's expenditure on security has become high and a p...
Hamdan bin Rashid Receives Fujairah Crown Prince
United Arab Emirates >> 7/3/2014 - H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and U.A.E. Minister of Finance, yesterday evening received H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujair...
Hany Dimian: New Rules to Combat Tax Evasion
Egypt >> 7/5/2014 - Minister of Finance Hany Dimian said introducing amendments to some provisions of the tax law on individual's annual income allow inserting articles to combat tax evasion.

The Minister adde...
Sisi Issues Decree on Raising Sales Tax on Cigarettes, Liquors
Egypt >> 7/7/2014 - President Abdel Fattah El Sisi on 6/7/2014 issued a decree to raise the sales tax on cigarettes and liquors.

Under the decree, taxes on locally-produced cigarettes will be increased by 50 p...
Germany to Help Egypt in Eco-friendly Industries
Egypt >> 7/7/2014 - Minister of State for Environmental Affairs Khaled Fahmy said on 6/7/2014 Egypt is cooperating with Germany towards building eco-friendly industries in a bid to improve the environment.

Fah...
Armed Forces Offer Subsidized Goods, Provide Transportation
Egypt >> 7/7/2014 - “The Egyptian Armed Forces will provide subsidized products and will run its public transport buses fleet starting July 7,” Armed Forces official spokesperson Mohamed Ghoneim said on 6/7/2014.

...
Warba Bank Arranges USD 155 mln Co-financing for UAE Oil Company
United Arab Emirates >> 7/7/2014 - Warba Bank announced that it had arranged a syndicated financing worth USD 155 million for a leading UAE oil services company.

Warba's share in the facility hits USD 25 million, the Bank sa...
China, Germany Sign Helicopter, Car Plant Deals
China >> 7/7/2014 - Chinese and German companies signed a number of agreements in Beijing, for deals including buying helicopters from Germany and setting up a new automobile manufacturing base in China, state-run Xinhua...
Yemeni-Turkish Cooperation in Electric Energy Field Discussed
Yemen >> 7/7/2014 - Prime Minister Mohammed Salem Basindwa met with Turkey's ambassador to Yemen Fazli Çorman.

The meeting dealt with the understandings that have been reached with regard to the Turkey's suppo...
Yemen, GCC Discuss Cooperation Areas
Yemen >> 7/7/2014 - Prime Minister Mohammed Salem Basindwa met with Head of Mission of the Gulf Cooperation Council (GCC) for the Arab States in Yemen Saad Al-Arifi.

At the meeting, Basindwa and Al-Arifi disc...
Yemen, U.S Discuss Cooperation in Agriculture
Yemen >> 7/7/2014 - Yemen and the U.S discussed sides of cooperation relations between them in the agricultural sector in order to serve the two countries' common interests.

Minister of Agriculture and Irrigat...
Sheikh Abdullah bin Zayed Meets with Canadian Minister of International Trade
United Arab Emirates >> 7/8/2014 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister, met in Vancouver with Edward D. "Ed" Fast, Canadian Minister for International Trade, within the framework of his current official visit to ...
Mahlab Reviews Projects of ’Egypt Support Fund'
Egypt >> 7/9/2014 - Prime Minister Ibrahim Mahlab met on 8/7/2014 with the board of trustees of the 306306 Egypt Support Fund to discuss solving the problems encountering the development projects carried out by the Fund....
MoU Inked between Egypt, FAO on Agriculture, Food Security in Africa
Egypt >> 7/9/2014 - Foreign Minister Sameh Shoukri inked a memorandum of understanding (MoU) with the director general of the UN Food and Agriculture Organization (FAO) to establish cooperation in the field of agricultur...

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