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Abu Dhabi Chamber of Commerce to Open Representative Office in Serbia
United Arab Emirates >> 12/22/2016 -  The Abu Dhabi Chamber of Commerce and Industry will open a representative office in Belgrade in 2017 to help Emirati investors and businessmen who seek to invest in vital sectors in Serbia, revealed ...
Tunisia, Germany sign euro 215 million accords
Tunisia >> 12/22/2016 - Tunisia and Germany signed two agreements for financial and technical cooperation, valued at euro 215.45 million, for developing the rural life namely agriculture.

The Tunisian Foreign Mini...
Uae Central Bank Announces M1 Increases to Aed472.6 Billion
United Arab Emirates >> 12/25/2016 - The Central Bank has announced that the Money Supply aggregate M1 increased by 0.04%, from AED472.4 billion at the end of October 2016 to AED472.6 billion at the end of November 2016..

In its...
Kuwait :Raising Discount Rate Boosts KD Competitiveness
Kuwait >> 12/25/2016 - The recent step by the Central Bank of Kuwait (CBK) raising the interest rate on the KD by a quarter percentage point to 2. 50 percent from 2.25 percent, was much expected and will enhance the currenc...
Egypt's Sisi Says Military Accounts for 1.5-2 Percent of Economy
Egypt's Sisi Says Military Accounts for 1.5-2 Percent of Economy Egypt >> 12/25/2016 - Egyptian President Abdel Fattah al-Sisi said that the military's economic activity accounted for no more than two percent of the country's output, dismissing suggestions that the military could contr...
Saudi Paper Retracts Aramco 49% Stake Sale Plan Story
Saudi Arabia >> 12/25/2016 - The Riyadh-based newspaper al-Eqtisadiah retracted a story saying Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company known as Aramco. .

The...
CBE Governor: Loans of WB, AFDB to be used to meet financial commitments
CBE Governor: Loans of WB, AFDB to be used to meet   financial commitments Egypt >> 12/25/2016 - Governor of the Central Bank of Egypt (CBE) Tarek Amer said two loans Egypt recently received from the World Bank and the African Development Bank (AFDB) will be used to meet financial commitments. .<...
Sherif Ismail decides re-forming ministerial committees
Sherif Ismail decides re-forming ministerial committees Egypt >> 12/25/2016 - Prime Minister Sherif Ismail decided to re-form the ministerial committees for production, services, economy and social justice. .

The ministerial committee for production will be under the c...
Saudi: budget rally stalls near chart barrier; rest of Gulf firm
Saudi Arabia >> 12/26/2016 - The Saudi Arabian stock market's post-budget rally lost steam early as the index neared a technical resistance, while other major Gulf bourses were firm in quiet trade. .

The Saudi index add...
Egyptian Exchange says Eastern Company applies for listing capital increase
Egyptian Exchange says Eastern Company applies for listing capital increase Egypt >> 12/26/2016 - Eastern Company applies for listing of authorised capital increase to EGP 3 billion from EGP 1.5 billion* Eastern Company applies for listing of issued capital increase to EGP 1.5 billion from EGP 750...
Director of Economic Affairs at Mofaic Receives Kazakhstan’s Vice Minister for Investment
United Arab Emirates >> 12/26/2016 - Fahad Obaid Al Taffaq, Director of Economic and Trade Affairs at the Ministry of Foreign Affairs and International Co-operation, received Yerlan Khairov, Kazakhstan’s Vice Minister for Investment and ...
Kuwait: Arab Islamic Takaful Insurance Firm Launched
Kuwait >> 12/26/2016 - A new Takaful insurance firm has been launched as a Kuwaiti joint stock close company with capital worth KD 5 million (about USD 16.32 million), according to a new report.

The Arab Islamic c...
Kuwait: UAB chief vows to fight money laundering, terror financing
Kuwait >> 12/26/2016 - Chairman of the Union of Arab Banks (UAB) Sheikh Mohammad Al-Jarrah Al-Sabah said that UAB is firm on dealing with issues gripping the world, most notably, money laundering and terror financing.
National Bank of Kuwait: Real estate sales down 27 pct in'16
Kuwait >> 12/26/2016 - Sales in the local real estate sector have fallen by around 27 percent to KD 2.04 billion since the beginning of 2016, showed a recent economic report.

The real estate market received a signi...
Sahar Nasr Signs Strategic Plan for Alexandria
Sahar Nasr Signs Strategic Plan for Alexandria Egypt >> 12/26/2016 - International Cooperation Minister Sahar Nasr signed a strategic plan with the Urban Planning Authority and the United Nations Development Program (UNDP) for Alexandria's urban development till 2032.<...
Sherif Ismail: Gov’t seeks to provide medicines at affordable prices
Sherif Ismail: Gov’t seeks to provide medicines at affordable prices Egypt >> 12/26/2016 - The government gives high priority to provide medicines for all citizens at affordable prices, Prime Minister Sherif Ismail said..

The government is coordinating with pharmaceutical compani...
Ministry of Economy organises 4th meeting of Higher Committee for Consumer Protection
United Arab Emirates >> 12/26/2016 - Sultan bin Saeed Al Mansouri, Minister of Economy, headed the 4th meeting of the Higher Committee for Consumer Protection (HCCP) for 2016, which was recently held at the Meydan Hotel in Dubai.

...
Egypt's Central Bank Launches A EGP 5 Bln Fund to Develop Tourist Facilities
Egypt's Central Bank Launches A EGP 5 Bln Fund to Develop Tourist Facilities Egypt >> 12/26/2016 - The governor of the Central Bank of Egypt (CBE) announced the launching of an EGP 5 billion fund to help investors develop and upgrade tourist facilities including hotels, resorts and Nile boats natio...
His Highness Crown Prince Receives CBK Governor
Kuwait >> 12/27/2016 - His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace, Governor of Central Bank of Kuwait (CBK) Dr. Mohammad Yousef Al-Hashel.
Egypt's central bank to hold interest rates
Egypt's central bank to hold interest rates Egypt >> 12/27/2016 - Egypt's central bank is expected to keep interest rates unchanged, holding fire on further action until the impact on inflation of last month's steep hike in borrowing costs becomes clearer, a Reuters...

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