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Financials and Investment News

Stock Market Makes Collective Gains Wednesday
Egypt >> 8/6/2014 - Egyptian stock indexes rose collectively during Wednesday’s trading session, supported by purchases from corporations and foreign investment funds.

Market capitalization earned LE400 milli...
Egypt on Verge of Humanitarian Crisis
Egypt >> 8/7/2014 - A British energy expert has warned that Egypt is facing a humanitarian crisis that is fueled by energy problems.

In an article published in the Financial Times on Sunday, former chairman o...
Egyptian-Nigerian Business Council for Promoting Intra Trade
Egypt >> 8/8/2014 - Egypt and Nigeria agreed on forming a joint business council for developing commercial and investment relations between the two countries, especially that Nigeria has big investments in the Egyptian m...
Mahlab Vows to Fight Corruption in Supply of Basic Commodities
Egypt >> 8/10/2014 - Prime Minister Ibraim Mahlab has discussed with Supply Minister Khaled Hanafi the availability of basic commodities, the new smart card system for bread distribution and developing the State-owned sup...
KRE Posts KD 3.4 mln Profits in Six Months
Kuwait >> 8/11/2014 - The Kuwait Real Estate Company (KRE) said on Monday it had gained KD 3.4 million in profits during the first six months of the year, with 3.86 fils earnings-per-share (EBS). This is compared to profit...
Tamdeen Investment Realizes KD 7.7 million Profits in 6 Months
Kuwait >> 8/11/2014 - Tamdeen Investment Company (TAMINV) has realized KD 7.7 million in profits during the first six months of 2014, 26.3 fils earnings-per-share, compared to profits worth KD 5 million and EPS 16.8 fils i...
Sisi Meets Cabinet over National Projects
Egypt >> 8/12/2014 - President Abdel Fattah al-Sisi discussed a number of national projects during a meeting with Prime Minister Ibrahim Mahlab and other Cabinet ministers.

During the meeting that grouped the m...
Yemen, Egypt, Algeria, Eritrea Discuss Cooperation in Fish Sector
Yemen >> 8/12/2014 - Minister of Fisheries Wealth Awad al-Socotri met separately with ambassadors of Egypt, Algeria and Eritrea to Yemen.

During the meetings, al-Socotri discussed with the ambassadors the areas...
Egyptian Army Invites Companies to Join Digging Works of New Suez Canal
Egypt >> 8/13/2014 - Head of the Egyptian Armed Forces Engineering Authority Maj. Gen. Kamel el-Wazeer invited on 12/8/2014 contracting companies to join works at the Suez Canal Development mega project.

Any co...
H.H. Sheikh Abdullah bin Zayed Partakes in GCC FMs Meeting
United Arab Emirates >> 8/14/2014 - UAE Foreign Minister took part in the meeting of the GCC foreign ministers, held in Jeddah.

The ministers expressed their appreciation to the efforts made by the committees tasked with imp...
Mostafa Madboly: NUCA Budget Doubled
Egypt >> 8/16/2014 - Housing Minister Mostafa Madboly said on 15/08/2014 that the budget dedicated to the development plan of the New Urban Communities Authority (NUCA) will be increased from EGP 7.3 to EGP 14 billion.
Yemen, US Discuss Agricultural Cooperation
Yemen >> 8/17/2014 - Minister of Agriculture and Irrigation Farid Mujawar met with Director of the U.S. Agency for International Development (USAID) in Yemen Herbie Smith and the Economic Affairs officer at the US embassy...
Egyptian-American Cooperation in Environment, Renewable Energy
Egypt >> 8/20/2014 - Environment Minister Khaled Fahmy met on 19/8/2014 with US Chargé d'Affaires to Egypt David Ranz to discuss prospects of cooperation in the field of ecology and environment protection.

The ...
Mahlab inspects Suez Canal Development Project
Egypt >> 8/20/2014 - Prime Minister Ibrahim Mahlab on 19/8/2014 made an inspection visit to the digging site of the new Suez Canal Development Project.

The PM was accompanied by Chairman of the Suez Canal Autho...
Ibrahim Mahlab Visits New el-Alamein City
Egypt >> 8/24/2014 - Prime Minister Ibrahim Mahlab, accompanied by Housing Minister Moustafa Madbouly, visited on 23/8/2014 the new el-Alamein city and the new Marina area.

During a visit to the north coast, Ma...
New Bread Distribution Method to be Applied Nationwide in Egypt
Egypt >> 8/24/2014 - Supply and Internal Trade Minister Khaled Hanafi stressed on 24/8/2014 that the new subsidized-bread distribution mechanism, now applicable in Cairo and Canal governorates, will come into force across...
1st Day of Ethiopia’s Renaissance Dam Talks ’Satisfactory’
Egypt >> 8/26/2014 - Irrigation Minister Hossam Moghazi expressed his content over the first day of the fourth round of tripartite talks on Ethiopia's Renaissance Dam.

In a press release on 25/8/2014, he said t...
WHO Grants $0.5 mln to Amran Health Sector
Yemen >> 8/27/2014 - The World Health Organization (WHO) has granted Amran province with $US 500,000 as health aid, Director-General of Amran's public health office said.

WHO official was briefed on the needs o...
66 Vessels Transited Suez Canal Carrying 3.4m Tons
Egypt >> 8/30/2014 - Head of the Suez Canal Authority (SCA) Mohab Mamish said that cargo weights that passed through the Suez Canal on 30/08/2014 hit a record of over three million tons.

Sixty-six vessels tran...
Egypt, Mali Ink MoU in Electricity, Energy Fields
Egypt >> 8/30/2014 - Minister of Electricity and Renewable Energy Mohamed Shaker inked a memorandum of understanding with his Malian counterpart Mamadou Keita on boosting cooperation in the fields of electricity and energ...

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