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CBE:Egypt's foreign reserves rise by $4 bln in November
CBE:Egypt's foreign reserves rise by $4 bln in November Egypt >> 12/5/2016 - The Central Bank of Egypt (CBE) said that the country's foreign reserves reached $23 billion by the end of November, up from $19 billion in October 2016, state news agency MENA reported.

On 1...
Qabil: cotton Industry employs 1.2 million people
Qabil: cotton Industry employs 1.2 million people Egypt >> 12/6/2016 - The cotton industry, known for its high quality and durability, employs around 1.2 million people, said Trade and Industry Minister Tarek Qabil.

The spinning and weaving industry is facing...
Egypt, Germany discuss cooperation in electricity field
Egypt, Germany discuss cooperation in electricity field Egypt >> 12/6/2016 - Minister of Electricity Dr. Mohamed Shaker said the relationship between Egypt and Germany in the field of electricity and renewable energy is not only restricted to cooperation, but has evolved into ...
China, Egypt sign currency swap deal
Egypt >> 12/6/2016 - China's central bank signed a currency swap agreement with its Egyptian counterpart worth CNY 18 billion (USD 2.6 billion) to strengthen trade and financial cooperation, state-run Xinhua News Agency r...
UAE participates in Arab Ministries of Economy meeting in Cairo
United Arab Emirates >> 12/6/2016 -  A number of issues especially the follow-up on the implementation of the Greater Arab Free Trade Area (GAFTA) will be discussed at the 42nd meeting of the senior officials of Implementation and Follo...
Kuwait Inks Agreement for Industrial Cooperation with S. Korean Firm
Kuwait >> 12/7/2016 - The Ministry of Public Works has signed an agreement for cooperation with the South Korea Institute of Civil Engineering and Building Technology (KICT), part of efforts to ratchet up collaboration bet...
Dubai Chamber Set To Host Global Finance Symposium
United Arab Emirates >> 12/7/2016 - The Dubai Chamber of Commerce and Industry and the University of Dubai will jointly host the two-day World Finance and Banking Symposium at the university’s new premises in Dubai Academic City on Dece...
Dubai Customs Wins Business Award from Business Intelligence Group
United Arab Emirates >> 12/7/2016 -  Dubai Customs has recently won the Business Award from Business Intelligence Group for its distinctive performance and innovative products and services.

Dubai Customs says that it is the fir...
Iran moves to change its currency unit back to the toman
Iran >> 12/7/2016 - Iran's official IRNA news agency says that President Hassan Rouhani's administration is proposing changing the name and denomination of the country's currency.

The report says the Cabinet app...
Suez Canal offers discounts for shippers to pay fees 3 or 5 years in advance
Suez Canal offers discounts for shippers to pay fees 3 or 5 years in advance Egypt >> 12/7/2016 - Chairman of the Suez Canal Authority Mohab Mamish said his recent foreign tours had good results with regard to the offers provided for shippers using the Suez Canal.

Shippers that will pay...
Nasr: AFDB will extend 500m dollars to Egypt
Nasr: AFDB will extend 500m dollars to Egypt Egypt >> 12/7/2016 - International Cooperation Minister Sahar Nasr said that the African Development Bank approved extending a loan to Egypt worth 500 million dollars.

The funds will be channeled into supportin...
Ensuring Financial Stability Essential in Turbulent Times
Kuwait >> 12/7/2016 - Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel stressed the importance of ensuring financial stability in turbulent times. Maintaining stability in money world is attained through...
Cabinet Reviews Study on "Golden Triangle" Project
Cabinet Reviews Study on Egypt >> 12/7/2016 - The Cabinet convened to review a study on the Golden Triangle project. The Golden Triangle area is rich with minerals, particularly gold, titanium and zinc, said Trade and Industry Minister Tareq Qab...
Russia Says 18,000 T of Seized Wheat Passed Egypt's Quarantine
Egypt >> 12/8/2016 - Russia's agriculture safety watchdog said on Thursday 18,000 tonnes of Russian wheat, seized by Egypt at an Alexandria port in November, had passed quarantine checks successfully.

Egyptian pr...
Egypt to Issue $1 Bln 1-Year Dollar-Denominated T-Bill
Egypt >> 12/8/2016 - Egypt will issue a $1 billion, one-year treasury bill denominated in U.S. dollars, the central bank said.

It set the auction deadline as 0900 GMT Dec. 12 and said the bill would be settled o...
Tunisia's foreign loan needs to rise to $3.71 bln in 2017
Tunisia >> 12/8/2016 - Tunisia will need $3.7 billion in foreign loans in 2017, its finance minister said, $1 billion more than anticipated two months ago, to offset declining tax revenues and increasing spending.

...
Abu Dhabi Aviation and CAE Expand Commercial and Business Aviation Training Agreement
United Arab Emirates >> 12/8/2016 - Abu Dhabi Aviation, ADA, and CAE Inc., a Canadian company specialising in training for civil aviation, defence and security, have announced the expansion of their commercial, business, and helicopter ...
Samsung Egypt: Mobile Market in Egypt Valued At 1.4 Billion Dollars
Egypt >> 12/10/2016 - The market of appliances, including TV sets, in Egypt is valued at a total of 1.5 billion dollars, while the mobile market hits 1.4 billion dollars, an official at Samsung Egypt said.

Sa...
Egypt Received Inflows of $1 Billion in Month since Currency Float
Egypt Received Inflows of $1 Billion in Month since Currency Float Egypt >> 12/11/2016 - Egypt's central bank governor Tarek Amer said on Saturday the country had received inflows of around $1 billion in the month since it floated the pound in the currency markets.

"We receive...
Nasr Urges Participation of Developing Countries in Taking Int'l Economic Decisions
Nasr Urges Participation of Developing Countries in Taking Int'l Economic Decisions Egypt >> 12/11/2016 - International Cooperation Minister Sahar Nasr attended a symposium as part of the global governance forum, which was held by the Organization for Economic Cooperation and Development (OECD).

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