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ADAC Signs AED 10.8 bn Contract
United Arab Emirates >> 6/27/2012 - Abu Dhabi Airports Company (ADAC) and the joint venture (JV) of TAV, CCC, and Arabtec signed an AED 10.8 billion contract for the construction of the Midfield Terminal Building (MTB) at Abu Dhabi Inte...
Mahmoud Eissa witnessed inking of an Agreement
Egypt >> 6/27/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa witnessed the inking of an agreement to meet the needs of local plastic factories. The agreement was signed between the Federation of Egyptian Indu...
Egyptian Automobile Sales Edge up 4 % in May
Egypt >> 6/27/2012 - Egyptian automobile sales are continuing their mild recovery, with purchase figures for May up 4.4 percent compared to the same month in 2011.A total of 15,465 automobiles were sold last month, two-th...
NMC & SCA Sign a cooperation MoU
United Arab Emirates >> 6/28/2012 - The National Media Council (NMC) and the Securities and Commodities Authority (SCA) have signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation in the field of economic informat...
Dubai Holding Establishes TECOM Board of Directors
United Arab Emirates >> 6/28/2012 - Dubai Holding, a global investment holding company, announced the establishment of the Board of Directors for TECOM Investments (TECOM), which owns and operates several free trade zones to support kno...
TDIC on Track to Achieve Positive EBITDA Performance
United Arab Emirates >> 6/28/2012 - Ahmed al Fahim, Executive Director of Sales and Leasing for TDIC stated: "In 2011, we accomplished phenomenal sales of TDIC's residential properties - AED 2.1 billion in sales were closed and these wi...
Al- Gaznoury Discuses Provision of Main Goods in Ramadan
Egypt >> 6/28/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting to discuss provision of main supply goods in markets over Ramadan month, in attendance of Head of the Holding Co. for Food Industries, Ministers of ...
EFG-Hermes Keeps Egypt Market in Green
Egypt >> 6/28/2012 - Egypt stocks ended up on Thursday, bolstered by more than LE400 million worth of trades on EFG-Hermes, Egypt's largest financial services company. The benchmark EGX30 index rose by 1.7 per cent for th...
Lending Agencies Urge WTO ‘Trade Facilitation’ Pact
Egypt >> 6/28/2012 - The heads of the World Bank and other international lending agencies on Wednesday urged countries to salvage an agreement to help poor nations increase trade from the remains of failed world trade tal...
Egyptian Exchange Extends Companies’ Exemption Period
Egypt >> 6/29/2012 - The Egyptian Exchange has decided to extend the period of exemption from registration fees for companies desiring to list and offer their shares on the Egyptian Exchange or the Nile Stock Exchange for...
Egypt Tops Emerging Equities in H1; BRICs Weak
Egypt >> 6/29/2012 - Egyptian stocks topped returns on emerging equity markets in the first six months of 2012 with a rise of 30 per cent, well above the broader MSCI emerging stock index, where spectacular first quarter ...
Exchange Minimizes Losses in Q2 to EGP22.7bn
Egypt >> 6/30/2012 - The Egyptian Exchange has cut down its losses in the end of Q2 of 2012 to reach EGP22.7 billion after the announcement of Mohamed Morsi the winner of the presidential elections. The performance of st...
Al-Ganzoury Discusses the Development of East Port-Said
Egypt >> 6/30/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting of the committee on East Port-Said development, in attendance of Ministers of Planning, Electricity, Housing, Industry, Water Resources, Transport, ...
Lagarde Tells Morsi IMF Ready to Support Egypt
Egypt >> 6/30/2012 - The International Monetary Fund's chief has told Egypt's new president that the crisis lender is ready to help Cairo, an IMF spokeswoman said. Christine Lagarde taked with Mohamed Morsi by telephone o...
MoE outlines Uniform Commercial Register
United Arab Emirates >> 6/30/2012 - The Ministry of Economy recently (MoE) outlined its Uniform Commercial Register project at a specialized forum held in Macedonia. Director of IT at the Ministry Essam Al-Falasi, who represented the mi...
Sharjah Islamic Bank Named Highly Commended in 2012 Asset
United Arab Emirates >> 6/30/2012 - Sharjah Islamic Bank's US$400 million Sukuk has been named as Highly Commended in the category Best Islamic Deal, by Country, by the 2012 Asset Triple A Awards for Islamic Finance. Speaking on the occ...
Regional Companies Must Embrace Intellectual Property
United Arab Emirates >> 6/30/2012 - Companies are creating value by shifting from a commodities economy to a knowledge-based sector that focuses on intangible assets and output in business in addition to embracing intellectual property ...
Egypt Agrees $1bn in Funding for Food, Energy
Egypt >> 7/1/2012 - Egypt's government has signed an agreement with the Saudi Arabia-based Islamic Development Bank (IDB) for $1 billion in funding for energy and food imports, the government said in a statement on Sunda...
Chinese Project of Fiberglass in West Suez at $200 Million
Egypt >> 7/1/2012 - Egypt's Supreme Council of Energy in a meeting held on 30/6/2012 with Prime Minister Dr. Kamal Al-Ganzouri, approved to increase volume of generating power and gas for the Chinese company "Jushi" to p...
Egypt's El Sewedy to Invest $350m in Niger
Egypt >> 7/1/2012 - Egypt's El Sewedy Electric the Arab world's biggest listed cable maker, plans to enter Niger by investing about $350 million in fibre optic and power transmission projects, the group's vice president ...

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