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Egypt Purchases 300,000 Tones of Wheat from Russia, Romania
Egypt Purchases 300,000 Tones of Wheat from Russia, Romania Egypt >> 7/18/2016 - Egypt's Supply Minister Khaled Hanafi announced in a statement plans to buy 300,000 tonnes of wheat from Russian and Romania in the new fiscal year.

According to Hanafi, the General Authority...
Oil Prices Ease as Market Shrugs off Turkey Coup Bid
Turkey >> 7/18/2016 - Oil prices fell as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent prices ...
Egypt's Cabinet:No extra tax to be imposed on fuel
Egypt's Cabinet:No extra tax to be imposed on fuel Egypt >> 7/18/2016 - The new value-added tax (VAT) bill, which has yet to be presented to parliament, does not impose any new VATs on fuel, Egypt's state owned MENA agency reported.

The Cabinet confirmed in an of...
After failed coup, Turkey's central bank cuts rates again
Turkey >> 7/19/2016 - Turkey's central bank cut interest rates for the fifth straight month, lowering its overnight lending rate by an expected 25 basis points days after a failed coup shook the country and briefly roiled ...
Khalid Hanafi Heads for Kenya to Attend UNCTAD 14th Meeting
Khalid Hanafi Heads for Kenya to Attend UNCTAD 14th Meeting Egypt >> 7/19/2016 - Supply and Internal Trade Minister Khalid Hanafi left for Nairobi to participate in the 14th Session of the United Nations Conference on Trade and Development (UNCTAD 14).

UNCTAD Secretary-Ge...
Egypt's Tourism Revenue to Range Between $4-4.5 bln in 2016
Egypt >> 7/19/2016 - Egyptian tourism receipts are expected to range between $4 billion to $4.5 billion by end of the current year, finance minister Amr El-Garhy said at press conference.

The total tourism revenu...
Sisi Inspects 3rd phase of El Asmarat Housing Project
Sisi Inspects 3rd phase of El Asmarat Housing Project Egypt >> 7/19/2016 - President Abdel Fattah El Sisi inspected the third phase of El Asmarat project that includes the establishment of 1,680 social housing units for slum dwellers within one year.

During his i...
Sherif Ismail Chairs Eonomic Committee meeting
Sherif Ismail Chairs Eonomic Committee meeting Egypt >> 7/19/2016 - Prime Minister Sherif Ismail chaired a meeting of the ministerial economic committee.

The ministers of planning, electricity, supply, petroleum, agriculture, finance, industry, tourism, publ...
Fourth Phase of Cairo Metro Line 3 Laid Down
Egypt >> 7/19/2016 - Transportation Minister Galal el al Saeed laid down the foundation stone of the second part of the fourth phase of Cairo's underground third line.

The second part of the fourth phase includ...
Saudia at the forefront of Kingdom 2030 Vision
Saudi Arabia >> 7/20/2016 - Saudi Arabian Airlines raised the logo of the Kingdom’s 2030 Vision in front of its main office in Al-Khaldiyah on King Abdulaziz Road.

Saudi Airlines General Director Saleh Al-Jasser said it...
Khaled Hanafy Seeks New Strategic Trade Alliance with Kenya
Khaled Hanafy Seeks New Strategic Trade Alliance with Kenya Egypt >> 7/20/2016 - Domestic Trade and Food Supply Minister Khaled Hanafy met with representatives of the Kenyan meat and tea industries for discussions on boosting bilateral trade.

Hanafy held talks with the ch...
Abu Dhabi inflation Rises 2.7 pct in H1 2016
United Arab Emirates >> 7/20/2016 - Inflation in consumer prices in the emirate of Abu Dhabi rose to 2.7 per cent year-on-year (y/y) in the first half of 2016, compared with the same period last year, according to Statistics Centre-Abu ...
Yemen central bank expects fund transfers to ease import crisis
Yemen >> 7/20/2016 - Yemen's Central Bank Governor said a second round of transfers of bank funds abroad to facilitate imports would take place in the coming days.

Reuters exclusively reported last week that the ...
Egypt Takes Part in African Water Resources Gathering in Tanzania
Egypt Takes Part in African Water Resources Gathering in Tanzania Egypt >> 7/20/2016 - Egypt will take part with a high-level delegation under Minister of Water Resources and Irrigation Mohamed Abdel Ati in meetings of the 10th general assembly of the African water ministers.

...
Sisi Confers with PM on Gov't Efforts to Attract Investments
Sisi Confers with PM on Gov't Efforts to Attract Investments Egypt >> 7/20/2016 - President Abdel Fattah El Sisi met Prime Minister Sherif Ismail.

The premier briefed the president on the results of Monday's meeting of the ministerial economic committee that discussed t...
Sahar Nasr Addresses Africa 2030 Session in New York
Sahar Nasr Addresses Africa 2030 Session in New York Egypt >> 7/20/2016 - Minister of International Cooperation Sahar Nasr has said Africa is committed to achieving the goals of sustainable development.

During her participation in "Africa 2030" session in New Yo...
Sahar Nasr Calls on Supporting Developing Countries
Sahar Nasr Calls on Supporting Developing Countries Egypt >> 7/21/2016 - Minister of International Cooperation Sahar Nasr called on members of the international community to fulfill their commitments with regard to mobilizing financial resources to support developing count...
Sherif Ismail witnesses Signing Deals for Developmental Projects in Port Said, Sinai
Sherif Ismail witnesses Signing Deals for Developmental Projects in Port Said, Sinai Egypt >> 7/21/2016 - Prime Minister Sherif Ismail witnessed a signing ceremony of deals for developmental projects in Port Said, Sinai, and the slums.

Held at the Investment Ministry, the signing ceremony inclu...
Telecom Egypt in talks with banks over funds for 4G
Telecom Egypt in talks with banks over funds for 4G Egypt >> 7/21/2016 - Telecom Egypt, the country's state-owned landline monopoly, is in talks with banks about a 5 billion Egyptian pound ($563.07 million) loan to acquire a 4G licence, banking sources said.

The s...
Indian TCI Sanmar Increases Investments in Egypt by $280
Indian TCI Sanmar Increases Investments in Egypt by $280 Egypt >> 7/21/2016 - The Indian renowned TCI Sanmar is expected to increase its investments in Egypt by $280 million to double its production of Polyvinyl chloride (PVC).

According to Trade and Industry Ministe...

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