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Egypt's Banque Misr collects $850 million after pound flotation
Egypt's Banque Misr collects $850 million after pound flotation Egypt >> 12/18/2016 - The head of Egypt’s second largest public lender, Banque Misr, announced that the bank’s yield of US dollars has reached $850 million since the central bank’s decision to float the local currency in e...
Kuwait Keen on Empowering Youth
Kuwait >> 12/19/2016 - Minister of State for Youth Affairs Sheikh Salman Al-Sabah has affirmed Kuwait's keenness on empowering youths and investing in their activities upon the directives of His Highness the Amir.

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Pharmaceutical Products Prices to Increase by up to 50%
Egypt >> 12/19/2016 - Sources with the Chamber of Pharmaceutical Industry said that domestic and foreign pharmaceutical companies have agreed with the Ministry of Health to approve an increase of 50 percent on a variety of...
Egypt's Banque Misr Signs Mou with Chinese Lender over US$500 Mln Loan
Egypt's Banque Misr Signs Mou with Chinese Lender over US$500 Mln Loan Egypt >> 12/19/2016 - Egypt's second-largest state-owned lender, Banque Misr, signed a memorandum of understanding with the Industrial and Commercial Bank of China (ICBC) for a US$500 million loan aimed at boosting dollar ...
Egypt Receives $500 Mln in 2nd Tranche of African Development Bank Loan
Egypt Receives $500 Mln in 2nd Tranche of African Development Bank Loan Egypt >> 12/19/2016 - Egypt received the second tranche, worth USD 500 million, of a $1.5 billion loan package from the African Development Bank (AfDB), Egypt's Ministry of International Cooperation (MoIC) announced.
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Kuwait's Trade Surplus with Japan Down 1st Time in Three Months
Kuwait >> 12/19/2016 - Kuwait's trade surplus with Japan shrank 6.6 percent from a year earlier to JPY 27.7 billion (USD 236 million) in November, down for the first time in three months due to weak exports, the Japanese Fi...
SAMA and Capital Market Authority Warning
Saudi Arabia >> 12/19/2016 - Saudi Arabian Monetary Authority (SAMA) and Capital Market Authority (CMA) have warned investors in securities and the public against dealing with suspicious websites that may practice illegal activit...
Sherif Ismail reviews report on first phase of giant land reclamation project
Sherif Ismail reviews report on first phase of giant land reclamation project Egypt >> 12/19/2016 - Prime Minister Sherif Ismail reviewed a detailed report on the first phase of a giant land reclamation project.

This came at a meeting with Minister of Water Resources and Irrigation Mohamed ...
Egypt, Somalia sign 2 MoUs on boosting economic cooperation
Egypt, Somalia sign 2 MoUs on boosting economic cooperation Egypt >> 12/19/2016 - Trade and Industry Minister Tareq Qabil and Somali Minister of Industry and Investment Omar Shoaib Mohamed attended the signing ceremony of two agreements to boost economic relations between the two c...
Saudi General Authority for SME Delegation Visits Dubai Future Accelerators
Saudi Arabia >> 12/20/2016 - The importance of Dubai Future Accelerators (DFA) programme and its role in anticipating and planning for the future were highlighted during the recent visit of a high-level delegation from Saudi Arab...
Central Bank Approves Requests of a Number of Banks to Expand Activities
United Arab Emirates >> 12/20/2016 - The Board of Directors of the Central Bank of the UAE has approved a number of applications of banks and other financial institutions working in the UAE to expand their activities and open new branche...
51 ships transit Suez Canal
51 ships transit Suez Canal Egypt >> 12/20/2016 - Fifty-one ships transited the Suez Canal, with a total cargo of 2.970 million tons.

The south-bound convoy included 30 vessels carrying 1.680 million tons, while the north-bound convoy incl...
80,000 Feddans of Looted Lands Restored
80,000 Feddans of Looted Lands Restored Egypt >> 12/20/2016 - More than 80,000 feddans of looted state lands have been restored by a committee formed by President Abdel Fattah El Sisi, Presidential adviser for national projects Ibrahim Mahlab said.

Th...
Trade between Dubai and Spain reached AED3.4 bn in H1
United Arab Emirates >> 12/20/2016 -  The total trade between Dubai and Spain reached AED3.4 billion during the first half of this year, senior Dubai Customs has revealed.

''Imports, exports and re-exports stood at AED2.77 bn,...
KFAED Offers Cote d'Ivoire USD 23.8 Mln Loan
Kuwait >> 12/21/2016 - Kuwait Fund for Arab Economic Development (KFAED) and the Ivoirian government signed an agreement by virtue of which the fund will offer the West African country a soft loan of KD seven million (some ...
Egypt and EU Sign €420 Mln
Egypt and EU Sign €420 Mln Egypt >> 12/21/2016 - The signings launch the EU Facility for Inclusive Growth and Job Creation, aiming to support business creation and financing for SME's.

Egypt and the European Union signed two assistance prog...
Emirates NBD named ‘Bank of the Year - UAE 2016’ by The Banker
United Arab Emirates >> 12/21/2016 - Emirates NBD, a leading bank in the region,announced that it has been named The Banker’s ‘Bank of the Year – UAE 2016’. The awards, considered among the most prestigious by the global banking communit...
Saudi : Deputy Crown Prince Meets Ceo of Japan's Stock Exchange
Saudi Arabia >> 12/22/2016 - Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, the Second Deputy Prime Minister and Defense Minister, met at his office in Riyadh CEO of Japan's Stock Exchange Akira Kyota.

During th...
Kuwait Bourse EndsTrading with Mixed Boards
Kuwait >> 12/22/2016 - The trading at Kuwait Bourse ended with mixed boards as the benchmark going up 3.73 points to hit 5,676.2 points. The weighted and KSX 15 indices closed down by 0.94 and 1.77 points respectively.
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Yields Rise At Egypt Six-Month,One-Year T-Bill Auction
Egypt >> 12/22/2016 -  Average yields on Egyptian six-month and one-year treasury bills rose at auction , central bank data showed.

The yield on the 182-day treasury bills rose to 19.338 percent from 19.112 percen...

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