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Egypt to Hold Round One of Int'l Gold Mining Tender: EMRA
Egypt >> 1/11/2017 - Bidding will open for five designated exploration areas in Sinai and the Eastern Desert

Egypt is set to open the highly anticipated first round of its first international gold and associated...
Egypt's Core Inflation Jumps to 25.86 Pct in December
Egypt's Core Inflation Jumps to 25.86 Pct in December Egypt >> 1/11/2017 - Egypt's annual core inflation jumped to 25.86 percent in December from 20.73 percent in November, the Central Bank of Egypt (CBE) said.

The jump is the second in as many months since the cen...
Dubai and Shurooq SME Sign Mou
United Arab Emirates >> 1/11/2017 - The Sharjah Investment and Development Authority, Shurooq, has signed a Memorandum of Understanding, MoU, with Dubai SME, the agency of the Department of Economic Development in Dubai mandated to deve...
DUBAI: European Union’s recognition of DFSA’s 'central counterparty' framework
United Arab Emirates >> 1/11/2017 - Nasdaq Dubai has welcomed the announcement that the regulatory framework of Dubai Financial Services Authority, DFSA, for central counterparties has been classified as equivalent to that of the Europe...
Egypt's H1 2016/17 Budget Deficit Narrows to 5 Pct
Egypt's H1 2016/17 Budget Deficit Narrows to 5 Pct Egypt >> 1/11/2017 - Egypt's budget deficit in the first half of 2016/17 narrowed to 5 percent from 6.3 percent in the same period a year earlier, Finance Minister Amr El-Garhy said

In July, when its financial y...
Egypt's Cabinet Approves IMF Loan Agreement; Refers Deal to Parliament
Egypt >> 1/11/2017 - Egypt's cabinet approved the International Monetary Fund (IMF) loan agreement in a meeting, referring it to the country's parliament, the state news agency

In mid-August 2016, Egypt reached ...
Yields Rise at Egypt's Six-Month, One-Year T-Bill Auction
Egypt >> 1/12/2017 - Average yields on Egyptian six-month and one-year treasury bills rose at an auction , central bank data showed.

The yield on 182-day treasury bills rose to 20.060 percent from 19.827 percent ...
Dubai: Du Shareholders Approve Proposed Capital Reduction
United Arab Emirates >> 1/12/2017 - Emirates Integrated Telecommunications Company, du, has announced that it has held a General Meeting where shareholders voted in favour of a Board of Directors’ recommendation to reduce the company’s ...
Uae Minister of State Meets Indian Prime Minister to Discuss Promotion of Joint Economic Relations
United Arab Emirates >> 1/12/2017 - Dr. Rashid Ahmed Bin Fahad, UAE Minister of State, has discussed ways to enhance economic ties, expand areas of cooperation and raise bilateral trade and investments with Narendra Modi, the Indian Pri...
Kuwait Bourse Ends Trading in Mixed Board
Kuwait >> 1/12/2017 - Kuwait Bourse ended trading in mixed boards with the price index gaining 77.27 points to stand at 6,107.68 points.
The weighted index went up by 1.28 points to stand at 392.06 points, whil...
Tarek Amer: Foreign Investors to Transfer Profits Abroad Soon
Tarek Amer: Foreign Investors to Transfer Profits Abroad Soon Egypt >> 1/14/2017 - Governor of the Central Bank of Egypt Tarek Amer said that foreign investors will be easily able to transfer their profits and capital abroad in the coming period.

Investment and capital infl...
Egypt to Host COMESA Economic Summit in April
Egypt >> 1/14/2017 - Amani Asfour, the Chairperson of the Business Council of the Common Market for Eastern and Southern Africa (COMESA), said Egypt will host COMESA Summit in April.

In statements, Asfour said Eg...
Dalia Khorshid Government Seeks Attracting More Investments
 Dalia Khorshid Government Seeks Attracting More Investments Egypt >> 1/14/2017 - Investment Minister Dalia Khorshid asserted that the government seeks to amend legislation to bring in all kinds of investments.

Speaking at “Egypt’s Economy” conference organized by the inv...
Tareq Qabil: Government Gives Priority to Developing Textile, Automotive Sectors
Tareq Qabil: Government Gives Priority to Developing Textile, Automotive Sectors Egypt >> 1/14/2017 - The Egyptian government gives priority to developing the sectors of textile, automotive and chemical industries, Trade and Industry Minister Tareq Qabil said

Addressing a conference organize...
Sherif Fathy: Ireland Discuss Air Transport Cooperation
Sherif Fathy: Ireland Discuss Air Transport Cooperation Egypt >> 1/14/2017 - Civil Aviation Minister Sherif Fathy met with Irish Parliament Speaker Sean O Fearghail and his accompanying delegation.

In a press release, the Civil Aviation Ministry said Parliament Spea...
Egypt Says Foreigners Will Be Able to Repatriate Profits Soon
Egypt Says Foreigners Will Be Able to Repatriate Profits Soon Egypt >> 1/14/2017 - Egypt's Central Bank Governor Tarek Amer said that foreign investors would be able to repatriate profits and capital "in the coming period" now that hard currency reserves were recovering, state news...
Abu Dhabi Ports and Khalidia International Shipping sign AED80 million Musataha Agreement
United Arab Emirates >> 1/15/2017 - Abu Dhabi Ports has signed a Musataha Agreement with Khalidia International Shipping, a subsidiary of Emirates Business Group, EBG, to set up a third-party logistics (3PL) warehouse with a total inves...
Egyptian T-Bills Yields Rise at Weekly Auction
Egypt >> 1/15/2017 - Yields on Egypt's three-month and nine-month treasury bills rose at an auction , central bank data showed.

Yields on the 91-day bill increased to an average of 19.017 percent from 18.889 perc...
Egypt Finmin Says Small Portion of Eurobond May Have 30 Year Tenor
Egypt >> 1/15/2017 - Egypt's finance minister said that a small portion of the planned Eurobond issuance may include a 30-year tenor.

Egypt is targeting a Eurobond issuance of $2-$2.5 billion as it begins an inte...
Egypt Says Foreign Investment in Treasuries Set To Reach $10-11 Bln in One Year
Egypt Says Foreign Investment in Treasuries Set To Reach $10-11 Bln in One Year Egypt >> 1/15/2017 - Egyptian Finance Minister Amr El Garhy said he expected foreign investment in Egyptian treasury instruments to reach about $10-$11 billion in one year.

Egypt used to attract significant infl...

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