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Financials and Investment News

Iran, Singapore Opt for Boosting Trade Ties
Iran >> 5/20/2016 - Iranian Minister of Labor, Cooperatives and Social Welfare Ali Rabiei and senior Singaporean officials in a meeting in Singapore underlined the need for the further expansion mutual cooperation betwee...
Egypt receives Siemens' two gas turbines for Beni Suef power plant
Egypt >> 5/20/2016 - The German company Siemens organized a celebration for delivery of first four gas turbines giant model "H-Class" to Beni Suef electricity station.

Two of the 400 megawatt (MW) turbines alongs...
Sisi Approves Loan Agreement with Russia to Finance Egypt’s Nuclear Plant
Egypt >> 5/20/2016 - Egypt’s President Abdel-Fattah El-sisi has approved a loan to be provided by the Russian government to finance the construction of the country’s first nuclear project, state news agency MENA reported ...
3rd World Cruise Ship Transits Suez Canal
3rd World Cruise Ship Transits Suez Canal Egypt >> 5/20/2016 - The third ship in the Quantum Class "Ovation of the Seas" transited the Suez Canal coming from the Mediterranean Sea en route to the Red Sea.

A well-placed source at the Suez Canal Authority ...
Abu Dhabi Chamber, Finland and Azerbaijan Discuss Economic Relations
United Arab Emirates >> 5/21/2016 - Helal Mohammed Al-Hameli, Deputy Director General of the Abu Dhabi Chamber of Commerce and Industry and Riitta Swan, Ambassador of Finland to the UAE have discussed ways to enhance trade and investmen...
Ministry of Finance Strengthens Trust in e-Dirham Security Features
United Arab Emirates >> 5/21/2016 - The e-Dirham system, launched and managed by the Ministry of Finance (MoF) in partnership with the National Bank of Abu Dhabi, recently received the Certification of Compliance in Payment Card Industr...
Abu Dhabi Chamber, Finland and Azerbaijan Discuss Economic Relations
United Arab Emirates >> 5/21/2016 -  Helal Mohammed Al-Hameli, Deputy Director General of the Abu Dhabi Chamber of Commerce and Industry and Riitta Swan, Ambassador of Finland to the UAE have discussed ways to enhance trade and investme...
UAE Delegation to Kazan Summit Showcases Investment Strengths
United Arab Emirates >> 5/21/2016 - An official delegation from the UAE has successfully participated at the 8th Kazan International Economic Summit between the Russian Federation and member countries of the Organisation of Islamic Coop...
Nasr: Agreement Signed to Establish Islamic micro-finance Institution in Egypt
Egypt >> 5/21/2016 - International Cooperation Minister Sahar Nasr and Chairman of the Islamic Development Bank Group Ahmed Mohamed Ali signed a deal to establish an Islamic micro-finance institution in Egypt at a capital...
Sisi Meets with Industry, Trade Minister
Egypt >> 5/22/2016 - President Abdel Fattah El Sisi met with Trade and Industry Minister Tarek Kabil.

At the meeting, Kabil reviewed the outcome of his recent visit to Beirut, during which he met with the Lebanes...
Sisi, Chairman of General Electric Discuss Cooperation
Egypt >> 5/22/2016 - President Abdel Fattah El Sisi discussed with General Electric (GE) Chairman and CEO Jeffrey Immelt means to boost cooperation in the sectors of traditional and renewable energy, transport, railways, ...
Kuwait Business Council Established in Dubai
Kuwait >> 5/22/2016 - The Dubai Chamber of Commerce and Industry has announced the establishment of the Kuwait Business Council in Dubai to boost economic cooperation and enhancement of trade and commerce between the busin...
Egypt Must Work Harder to Revive Tourism After Setbacks
Egypt >> 5/22/2016 - Egypt will have to work 10 times harder to revive its tourism industry, Tourism Minister Yehia Rashed said on Sunday, after a series of setbacks including the crash of an EgyptAir flight into the Medi...
Egypt's Sisi inaugurates MOPCO fertiliser plant expansion
Egypt >> 5/22/2016 - President Abdel Fattah El Sisi inaugurated the new expansion of MOPCO fertilizers factory in the petrochemicals complex at Dameitta governorate.

Sisi listened to a detailed explanation about...
Egypt's Gas Projects to Increase Production to 5.5-6 bln cfd
Egypt >> 5/22/2016 - Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day (cfd) by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 billion cfd...
Egypt Wins Most Famous Tourist Destination Award in Shanghai
Egypt >> 5/23/2016 - Egypt has won the award for "most famous tourist destination" at the 2016 World Travel Fair, which concluded on Sunday in the Chinese city of Shanghai.

Egypt’s Travel Advisor to China, Abul M...
Sherif Ismail Met with the Abu Bakr Al-Gendi
Sherif Ismail Met with the Abu Bakr Al-Gendi Egypt >> 5/23/2016 - PM Sherif Ismail confirmed the government’s keenness and intention to present the basic goods with reasonable prices, through the constant follow-up of markets, especially that the month of holy Ramad...
1,531 Tourists Arrive at Sharm el Sheikh
Egypt >> 5/23/2016 - Sharm El Sheikh International Airport received as many as 28 flights, including 14 international flights carrying 1,531 tourists and 14 domestic ones with 1,054 tourists on board.

According t...
Egypt: Sustainable Development Plan Basis for Government Program
Egypt >> 5/23/2016 - Planning Minister Ashraf el Araby asserted that the sustainable development plan for the 2016/2017 fiscal year is the basis for implementing the government program until 2018.

Speaking before...
18,3% Increase in Production Index of Manufacturing, Extractive Industries
Egypt >> 5/23/2016 - The production index of manufacturing and extractive industries, without crude oil and petroleum products, reached 133.24 in March (primary), an increase of 18.3% compared to112.66 (final) in February...

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