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Sherif Ismail Attends Signing of Contract for 4th Metro Line
Egypt >> 6/9/2016 - Prime Minister Sherif Ismail witnessed the signing of a 5.9-billion-pound contract to complete the construction of the fourth phase of the third metro line in Cairo.

Today contract, to be tot...
Egypt: Net foreign Direct Investments hit $ 5.6bn during 9 months of 2015/2016
Egypt: Net foreign Direct Investments hit $ 5.6bn during 9 months of 2015/2016 Egypt >> 6/10/2016 - The net foreign direct investments hit 5.6 billion dollars during the first nine months of the 2015-2016 fiscal year, the Central Bank of Egypt (CBE) said.

The total direct foreign investment...
Egypt's govt buys 4.8 million tonnes of domestic wheat
Egypt >> 6/10/2016 - Egypt's government has purchased 4.8 million tonnes of domestic wheat since the harvest season’s beginning in mid-April, the agriculture ministry said in an emailed statement.

Although the go...
Saudi Officially Endorses Economic Plan Away from Oil
Saudi Arabia >> 6/10/2016 - The Saudi cabinet has approved a major plan to diversify the national economy away from oil and aiming to generate 450,000 non-government jobs by 2020.

The National Transformation Programme (...
Mahlab Says to Keep Investments on seized state-owned lands
Egypt >> 6/11/2016 - Presidential Assistant for National and Strategic Projects Ibrahim Mahlab said on Friday that the government will keep projects established on seized state-owned lands.

Mahlab, who chairs the...
UAE: MoF and UAE Central Bank Sign Cooperation Agreement
United Arab Emirates >> 6/12/2016 - The Ministry of Finance, MoF, has signed a cooperation agreement with the UAE Central Bank at its premises in Abu Dhabi. The agreement aims to enhance cooperation in areas of joint work, including mon...
New Algerian Energy and Finance Ministers named in reshuffle
Algeria >> 6/12/2016 - Algerian President Abdelaziz Bouteflika named new energy and finance ministers in a cabinet reshuffle, as the OPEC member tries to cope with a sharp fall in oil and gas earnings that have placed incre...
UAE: Ministry of Economy Inspects Abu Dhabi Fruits & Vegetables Market
United Arab Emirates >> 6/12/2016 - The Ministry of Economy organised an inspection of the fruits and vegetables market at the Port Zayed area in Abu Dhabi. The visit, led by Dr. Hashim Al Nuaimi, Director of the Ministry’s Consumer Pro...
Egypt: Meeting about Develop the Suez Canal Zone
Egypt: Meeting about Develop the Suez Canal Zone Egypt >> 6/13/2016 - Engineer Sherif Ismail, chairman of the Council of Ministers held a follow-up meeting of rates of implementation of projects, attracting investments for the development of the Suez Canal Zone, and to...
Powerful Saudi Crown Prince Visits US
Saudi Arabia >> 6/13/2016 - Saudi Arabia's influential deputy crown prince, Mohammed bin Salman, who leads an economic reform drive at home, left for talks in the United States, official media said.

The visit comes with...
Dalia Khorshid , North Sinai Governor to Follow up Investment Projects
Dalia Khorshid , North Sinai Governor to Follow up Investment Projects Egypt >> 6/13/2016 - North Sinai Governor Abdel Fattah Harhour has met Investment Minister Dalia Khorshid for talks on promoting the establishment of investment projects in the industrial zones of the governorate.

...
Sisi Urges Continued Efforts in Carrying out Social Housing Projects
Sisi Urges Continued Efforts in Carrying out Social Housing Projects Egypt >> 6/14/2016 - President Abdel Fattah El Sisi asserted the importance of continuing the establishment of social housing projects in order to eliminate slums and to provide appropriate housing for Egyptians.

...
Saudi Opens Retail Sector to Greater Foreign Investment
Saudi Arabia >> 6/14/2016 - Saudi Arabia has approved rules opening its retail sector to greater foreign investment, official media said, as part of wide-ranging economic reforms.

The cabinet approved rules "for foreign...
Egyptian Cotton in Peril as Exports Slide
Egypt >> 6/14/2016 - Exports of world-famous Egyptian cotton have dropped sharply as years of neglect and recent government spending cuts have taken their toll.

Exports dropped by almost a quarter in the first ha...
Iran says U.S. must encourage banks to do business with it
Iran >> 6/14/2016 - The United States must do more to encourage banks to do business with Iran following the lifting of sanctions, Iran's foreign minister said on Tuesday, a day before meeting his U.S. counterpart.
Saudi Arabia's vision 2030 Embodies Guarantee of a Better Future for the Nation and its People
Saudi Arabia >> 6/14/2016 - The Kingdom of Saudi Arabia has expressed pride that Islamic Sharia law is its life system and constitution which guarantees an honorable life for its citizens and a prosperous and continuous developm...
Foreigners Purchase Shares Worth AED 570.7 mn on Dubai Financial Market
United Arab Emirates >> 6/16/2016 - Foreign investors purchased AED 570.7.2 million worth of shares on Dubai Financial Market (DFM) and sold AED 666.5 million over the week, DFM said.

Net foreign investment on the market reac...
ATFP Approves 117 Requests for Financing Trade Deals at US$ 249 million
United Arab Emirates >> 6/16/2016 - The Arab Trade Financing Program (ATFP) has approved 117 requests for financing trade deals worth US$249 million during its board meeting, which was dedicated to reviewing trade finance activities dur...
Egypt S. Korea Sign Deal on Cooperation in SMEs Field
Egypt >> 6/19/2016 - International Cooperation Minister Sahar Nasr signed an agreement on cooperation with South Korea in the domain of small and medium sized enterprises (SMEs).

The move came at the sidelines ...
Sisi, General Electric CEO Meet on Projects in Egypt
Egypt >> 6/19/2016 - President Abdel Fattah El Sisi met on 18/6/2016 with General Electric Company CEO Jeffrey R. Immelt.

Minister of Electricity and Renewable Energy Mohamed Shaker and Minister of Transport Ga...

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