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Financials and Investment News

Arab Fund Offers Sudan USD 200 mln Loan
Sudan >> 2/15/2016 - The Arab Fund for Economic and Social Development signed with the Sudanese government USD 200 million loan agreement to finance the first phase of the Rosaries Irrigation Project.

The agreeme...
Sisi: Egypt Keen to Promote Cooperation with AfDB
Egypt >> 2/15/2016 - President Abdel Fattah El Sisi said that Egypt is looking forward to promoting cooperation with the African Development Bank Group (AfDB) and explore more programs and projects that can be funded by t...
CIB Accepts Sawiris's Bid to Buy CI Capital
Egypt >> 2/15/2016 - The Egyptian stock market's benchmark index EGX 30 rose by around 0.95 percent, reaching 5,808 points in the first 15 minutes of trade.

The index for small and medium shares EGX 70 also inch...
Saudi Ambassador to Lebanon Receives Minister of Economy
Saudi Arabia >> 2/15/2016 - Ambassador of the Custodian of The Two Holy Mosques to Lebanon, His Excellency Awad bin Ali Asdiri received at the embassy in Beirut Minister of Economy and Trade Mr. Alan Al-Hakeem.

During t...
Kuwait, Egypt Sign Four Cooperation Agreements
Egypt >> 2/16/2016 - Kuwait and Egypt signed four agreement that would promote coopration in different domains.

The two countries signed an agreement on cultural and technical cooperation, a memorandum of unders...
Russian Wheat Export Prices Slide on Egypt Policy Worries
Egypt >> 2/16/2016 - Russian wheat export prices fell last week, hit by concerns about future supply contracts to world No. 1 importer Egypt, analysts said.

Black Sea prices for Russian wheat with 12.5 percent...
CBE Raises Dollar Bank Deposit Limit for Exporters
Egypt >> 2/16/2016 - Central Bank of Egypt (CBE) raised the dollar bank deposit limit for exporting companies to $1 million a month, according to a statement issued.

The sum of deposits, in dollar or other foreig...
Tunisia's Economic Growth 0.8 pct in 2015
Tunisia >> 2/17/2016 - Tunisia's economy expanded 0.8 percent in 2015, falling from 2.3 percent growth in 2014, the state statistics institute said.

The Institute also said the unemployment rate rose to 15.4 percen...
Egypt to Purchase 10 Superjet Passenger Planes from Russia
Egypt >> 2/17/2016 - An Egyptian airline is expected to sign a contract with Russia’s Sukhoi Civil Aircraft Company (CJSC) next month for 10 Superjet 100 short-haul passenger planes, Sputnik reported.

"I think th...
Siemens Ships Two Gas Turbines to Egypt
Egypt >> 2/17/2016 - German industrial conglomerate Siemens will begin shipping the first two gas turbines to be installed by mid-May in Egypt's Beni Suef power plant, said the company in an e-mailed press release.
UAE non-oil Foreign Trade Amounts to $476.4 bln in 2015
United Arab Emirates >> 2/17/2016 - The UAE Ministry of Economy said in a report that that the value of the UAE's non-oil foreign trade reached AED 1.750 trillion (USD 476.4 billion) in 2015, a growth of up to 10 percent from 2014.
<...
Egypt, Japan Set Final Preparations for Sisi’s Tokyo Visit
Egypt >> 2/18/2016 - International Cooperation Minister Sahar Nasr met the Japanese Ambassador to Egypt Takahiro Kagawa to discuss the final preparations of President Abdel Fattah El Sisi's visit of Tokyo.

The...
KFAED Signs KD-4.5-mln Loan Deal with Swaziland
Kuwait >> 2/19/2016 - The Kuwait Fund for Arab Economic Development (KFAED) and the Kingdom of Swaziland have signed a KD-4.5-million loan agreement for financing a hospital project in the kingdom.

The signing ce...
Egypt to Double Underground Metro Ticket Price
Egypt >> 2/19/2016 - Egypt’s transportation ministry will double the price of Cairo's metro tickets to EGP 2 ($0.26) in an attempt to offset annual losses, estimated at EGP 250 million ($32 million), a spokesman said.
...
Egypt: Africa Markets Golden Opportunity for Small, Medium Exports
Egypt >> 2/20/2016 - Finance Minister Hani Demian said Egyptian exports have a great opportunity to tap the African market which has a large population.

In statements to MENA on the fringe of the African Business...
Egypt, Gabon Sign 5 Cooperation Protocols
Egypt >> 2/20/2016 - President Abdel Fattah El Sisi and his Gabonese counterpart Ali Bongo Ondimba attended the signing ceremony of five cooperation protocols and memorandums of understanding in the political consultation...
Sherif Ismail, Schneider Electric CEO Discuss Cooperation
Egypt >> 2/20/2016 - On the sidelines of his participation in the African Forum of trade and investment held in the city of Sharm el-Sheikh, PM Sherif Ismail met with Mr. Albert Fulcher, the managing director of Schneider...
CBE Signs $500mn Trade Facility Agreement with Afreximbank
Egypt >> 2/20/2016 - The Central Bank of Egypt (CBE) signed a $500 million trade finance facility agreement with the African Export-Import Bank (Afreximbank) to allow Egyptian importers to buy strategic and key industrial...
Sisi Opens African Business Forum
Egypt >> 2/20/2016 - Egypt’s President Abdel-Fattah El-Sisi opened a two-day forum on business investment in Africa in Sharm El-Sheikh, telling attendees that “achieving development is one of the main challenges facing Af...
Egypt: New Strategy for Investment Cooperation with Africa
Egypt >> 2/20/2016 - Investment Minister Ashraf Salman announced a new strategy of investment cooperation between Egypt and African countries which will be launched during Africa Forum 2016 in Sharm el Sheikh.

Th...

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