Egypt Zones accountACCOUNT

Financials and Investment News

Egypt Fixes Customs Dollar Exchange Rate to Help Importers
Egypt >> 1/18/2017 - Egypt will fix its customs dollar exchange rate and adjust it on a monthly basis to help importers better cope with pricing of their products after the central bank floated its currency in November.
Egypt: IMF To Release Staff Report on Egypt's $12 Bln Loan Agreement
Egypt >> 1/18/2017 - The International Monetary Fund (IMF) will release in an online conference the staff report and documents related to Egypt’s three-year $12 billion loan agreement.

The online conference, to ...
Cairo To Receive 2nd Tranche of $12 Bln Loan in April: IMF Egypt Mission Chief
Egypt >> 1/18/2017 - Chris Jarvis, the IMF mission chief for Egypt, praised Egypt's 'good start' in implementing its economic reform programme

The International Monetary Fund (IMF) said in an online conference t...
Saudi: Sidf Approves 155 Loans Exceeding Sr 7943 Million
Saudi Arabia >> 1/19/2017 - Saudi Industrial Development Fund (SIDF) continued financing a number of industrial projects, where the number of approved industrial loans reached (155) loans by the end of fiscal year 1437/1438 H (2...
Egypt Considering Temporary Stamp Duty on Stock Market Deals
Egypt >> 1/19/2017 - Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two finance ministry sources told Reuters

. The comments come a day ...
Egypt's Suez Canal Revenues Fall To $5 Bln in 2016 from $5.175 Bln In 2015
Egypt >> 1/19/2017 - Egypt's Suez Canal revenues fell to $5.005 billion in 2016 from $5.175 billion the previous year, Reuters calculations showed

A government website published earlier data showing the revenue...
Egypt :Russia Says 18,000 T of Seized Wheat Might Be Released In Egypt after Fumigation
Egypt >> 1/19/2017 - Russia's agriculture safety watchdog said 18,000 tonnes of Russian wheat, seized by Egypt at an Alexandria port in November, could be released by local officials after fumigation.

Egyptian pr...
Dubai :Strong Q4 Results Set to Boost Saudi Arabia
United Arab Emirates >> 1/19/2017 - Solid fourth-quarter results from Saudi Arabian blue chips may help boost the stock market there while an overnight pull-back in oil and equity prices could constrain other Gulf markets.

The...
EGYPT: Cabinet Approves Amendment of Article 18 of Draft Investment Law
EGYPT: Cabinet Approves Amendment of Article 18 of Draft Investment Law Egypt >> 1/19/2017 - The cabinet under Prime Minister Sherif Ismail approved an amendment suggested to the article 18 of the new investment law.

Under the amendment, the Supreme Council for Investment is added...
Egypt: Nasr Attends Women World Leaders Session
 Egypt: Nasr Attends Women World Leaders Session Egypt >> 1/19/2017 - International Cooperation Minister Sahar Nasr took part in a session of the Council of Women World Leaders on the fringe of the Davos Forum.

A Cluster of key world figures attended the sessi...
Egyptian Exchange: Bourse Committed To Delaying Taxes On Profits For 3 Years
Egyptian Exchange: Bourse Committed To Delaying Taxes On Profits For 3 Years Egypt >> 1/19/2017 - Egyptian Exchange Chairman Mohamed Omran stressed the bourse's commitment to deferring taxes on profits for three years in line with the Supreme Investment Council decisions.

In a statement O...
Egypt’s Staple Foods Sufficient for 4-6 Months, Including Sugar: Supply Minister
Egypt >> 1/21/2017 - The ministry has received over 1 million tonnes of sugarcane and beets from domestic farmers which will be converted into refined sugar and injected into the market in February

Egypt’s suppli...
Dalia Khorshed: Investment Minister Back Home from Davos Forum
Dalia Khorshed: Investment Minister Back Home from Davos Forum Egypt >> 1/21/2017 - Investment Minister Dalia Khorshed returned home from Switzerland wrapping up an official visit to the European country during which she attended the World Economic Forum in Davos.

While in ...
Egypt: Growth Rate Improves by 3.4%: Planning Minister
Egypt >> 1/22/2017 - The growth rate during the first quarter of fiscal year 2016/17 has seen a 3.4 percent improvement, said Planning Minister Ashraf al-Araby.

During a press conference , Araby said investment r...
Sahar Nasr Int'l Cooperation Minister Meets Arab Ministers on Fringe of Davos
Sahar Nasr Int'l Cooperation Minister Meets Arab Ministers on Fringe of Davos Egypt >> 1/22/2017 - Minister of International Cooperation Sahar Nasr wrapped up her participation in Davos Economic Forum with a series of meetings with officials from the international finance foundations and ministers ...
Egypt, Germany Discuss Agricultural Cooperation
Egypt >> 1/22/2017 - Minister of Agriculture Essam Fayed and German Minister for Food and Agriculture Christian Schmidt have discussed the full activation of Egyptian-German partnership to develop the agricultural sector ...
Dubai and Shurooq SME Form Pioneering Partnership to Develop UAE’s SME Sector
United Arab Emirates >> 1/22/2017 - As part of its strategy to enhance cooperation with government departments in advancing business and entrepreneurship, the Sharjah Investment and Development Authority, Shurooq, has signed a ground-br...
Dubai South, Deyaar Sign Mou to Build New Development
United Arab Emirates >> 1/22/2017 - A new multi-purpose development will be built on an area of 1.27 million sq feet in Dubai South, according to a memorandum of understanding, MoU, signed by Dubai South, the master developer of an emer...
DHABI: NBAD Issues Global Investment Outlook 2017
United Arab Emirates >> 1/22/2017 - The National Bank of Abu Dhabi, NBAD, has published its Global Investment Outlook, GIO, 2017, report, examining the trends and issues likely to dominate the global and regional economic and investment...
DHABI: UAE Central Bank Announces M1 Increased to AED474.0 Billion by end Of December 2016
United Arab Emirates >> 1/22/2017 - The UAE Central Bank has announced that the Money Supply aggregate 'M1' increased by 0.3% from AED472.6 billion at the end of November 2016 to AED474.0 billion at the end of December 2016.

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