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Momtaz El-Saeed: EGP 285bn in New Budget for Subsidies
Egypt >> 6/15/2012 - Up to 285 billion Egyptian pounds were allocated in the new budget for financing subsidies, said Minister of Finance Momtaz El-Saeed on 14/06/2012. In press statements, Saeed noted that these funds wi...
GAFI Chairman Meets Major US Companies’ Representatives
Egypt >> 6/15/2012 - Chairman of the General Authority for Investment and Free Zones (GAFI) Osama Saleh has met with representatives from a number of major US companies operating in Egypt and members of the US-Egypt Busin...
Egypt, Kuwait Seek Setting up Business Council
Egypt >> 6/15/2012 - Egyptian-Kuwaiti relations are witnessing unprecedented growth as Egypt's exports to Kuwait increased by 36 percent last year to reach EGP 1.4 billion. This would open wide horizons for cooperation be...
El-Ganzouri Reviews SFD Activities in Past Period
Egypt >> 6/15/2012 - Prime Minister Kamal el-Ganzouri reviewed the accomplishments of the Social Fund for Development (SFD) made in the past period during a meeting on 14/06/2012. The SFD has offered EGP 997.6 million in ...
Fitch Cuts Egypt's Rating to B-Plus on Political Crisis
Egypt >> 6/15/2012 - Fitch Ratings downgraded Egypt's sovereign credit rating deeper into junk status, citing the rising political crisis after the nation's Supreme Constitutional court annulled parliamentary elections. T...
Saudi Ambassador to Egypt Meets his Norwegian Counterpart
Saudi Arabia >> 6/15/2012 - H.E. Ahmed bin Abdulaziz Al-Qattan, the Saudi ambassador to the Arab Republic of Egypt and the Kingdom's Permanent Representative to the Arab League, met at his office in the Saudi Embassy in Cairo to...
$ 65 mn in Cedit Fcilities to Egypt from AMF
Egypt >> 6/15/2012 - The Arab Monetary Fund (AMF) approved on 17/6/2012 a credit facilities agreement estimated at $65 million for Egypt to finance trade with other Arab countries within the framework of a trade financing...
Egypt Stocks Stumble on Cabinet Uncertainties
Egypt >> 6/15/2012 - Egypt's stock market ended in the red on Sunday on the back of ongoing uncertainty over the shape of Egypt's incoming government and the approach of the Islamic fasting month of Ramadan, set to begin ...
Ghobash Meets his Jordanian and Mauritius Counterparts
United Arab Emirates >> 6/16/2012 - Saqr Ghobash Saeed Ghobash, Minister of Labour, met at the sideline of the ongoing 101st Session of the International Labour Conference his Jordanian counterpart Dr. Atef Odhaibat for discussion on wa...
Egyptian Cooperation in the Field of Information Technology
Egypt >> 6/16/2012 - Young Businessmen Association and the Egyptian- Asian Association of cooperation signed an agreement between the two societies in the fields of investment and training, information technology and comm...
FCA Launches Information Exchange System for Seizures
United Arab Emirates >> 6/17/2012 - The Federal Customs Authority (FCA) launched a new system to exchange information about seizures in all customs outlets across the state. This step is aimed at protecting the security of society and b...
AMF Arranged a $65 Million Credit Facility for Egypt
Egypt >> 6/17/2012 - The Arab Monetary Fund (AMF) said it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a balance of ...
Egypt Economy to Grow Under 2 pct in 2012
Egypt >> 6/17/2012 - Egypt's economic growth will slow to under 2 per cent this year from 2.5 per cent last year because of political turmoil, the country's central bank governor said on Sunday. "We have a revolution," Fa...
SCCI Discusses Preparations for Made in Sharjah Exhibition
United Arab Emirates >> 6/17/2012 - The Sharjah Chamber of Commerce and Industry(SCCI) has discussed with the representatives of the industrial sector preparations for holding the third edition of Made in Sharjah Exhibition from Dec. 17...
Implementation of Sinai Development Plan Quickly
Egypt >> 6/17/2012 - Prime Minister Kamal al-Ganzouri ordered the implementation of Sinai development project quickly in all fields and offering facilities to investors in terms of prices of lands, electricity and water. ...
Momtaz al-Sa’ed: Egypt Economy Ready to Bounce Back
Egypt >> 6/17/2012 - Finance Minister Momtaz al-Sa’ed, has said that the performance of the Egyptian economy sends a clear message that the country will restore its normal growth rates soon. Sa’ed was speaking in statemen...
Emirates Launches Financial Literacy Debate
United Arab Emirates >> 6/18/2012 - Emirates Foundation for Youth Development, an independent, philanthropic organisation set up by the Abu Dhabi government to facilitate public-private partnerships to improve young people's welfare in ...
Emirates Repays US$ 550 Million Sukuk in Full
United Arab Emirates >> 6/18/2012 - Emirates airlines announced that it has repaid a US$ 550 million sukuk bond in full on its maturity date 18 June, 2012. The sukuk bond, listed on the Luxembourg Stock Exchange, was originally issued i...
Egypt Economy Growth Slows to under 2%
Egypt >> 6/18/2012 - The Egyptian central bank has said that political turmoil will slow economic growth to under 2% 2012 from 2.5% last year, Reuters has reported. "We have a revolution," central bank governor Farouk El-...
Egypt Stock Went down 3.42 Percent amid Political Ambiguity
Egypt >> 6/18/2012 - Egypt stocks ended the day down on preliminary results of presidential elections and ambiguity of political transition. The benchmark EGX30 index fell 3.42 percent to 4,269 points. The broad-based EGX...

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