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Remarkable Progress Made in Social Housing Projects in Upper Egypt
Egypt >> 1/28/2017 - Egypt has implemented several projects over the past period in drinking water, sanitation and developing slum areas, said Housing Minister Mostafa Madbouli.

Speaking at the national youth co...
First Phase of Siemens Power Plant Project in Egypt to be Inaugurated in February
Egypt >> 1/28/2017 - The first phase of German conglomerate Siemens’ project to build three power plants in Egypt will be inaugurated in February, the company’s CEO Joe Kaeser said, according to Al-Ahram daily newspaper.<...
Egypt Successfully Issues 'Unprecedented' $4 Bin in Eurobonds, Filling Funding Gap
Egypt Successfully Issues 'Unprecedented' $4 Bin in Eurobonds, Filling Funding Gap Egypt >> 1/29/2017 - Egypt successfully issued $4 billion in Eurobonds on the global bond market, the largest issuance in Egypt and Africa, bridging the funding gap for this fiscal year, finance minister Amr El-Garhy anno...
Alexandria, Dekheila Ports Reopened after Weather Improved
Egypt >> 1/29/2017 - The ports of Alexandria and Dekheila were reopened after being closed for bad weather.

Alexandria Harbor Authority had decided to close the two ports over the past two days due to bad weathe...
Yields Drop on Egypt's Three, Nine-Month T-Bills in Weekly Auction
Egypt >> 1/29/2017 - Average yields on Egypt's three-month and nine-month Treasury bills dropped at an auction, data from the central bank showed.

Yields on the 91-day bills fell slightly to an average of 18.938 ...
Egypt: Approves Deal with KFAED on Syrian Refugees
Egypt >> 1/30/2017 - The Cabinet approved a presidential decree on a deal between Egypt and the Kuwait Fund for Arab Economic Development (KFAED) on supporting countries that host Syrian refugees.

The 15-million-...
Egypt Member in Team of Combating Tax Evasion Globally
Egypt >> 1/30/2017 - Egypt has been chosen as a member in a team of combating tax evasion at the global level.

The move came during an international conference held by the Organization for Economic Cooperation an...
Amr El-Garhy: Dollar Bonds Collect $4bn
Amr El-Garhy: Dollar Bonds Collect $4bn Egypt >> 1/30/2017 - Finance Minister Amr El-Garhy said that $4 billion have been collected from raising dollar bonds in the international markets.

The funds collected are more by about 2.5 billion dollars than ...
Abu Dhabi Ministry of Economy signs agreements with TRA and DED
United Arab Emirates >> 1/30/2017 - The Ministry of Economy signed an agreement and a Memorandum of Understanding with two government institutions to sustain its successes and accelerate growth in patent registrations.

The agre...
Egypt's Sawiris Markets US$235 mn Real Estate Project on Cyprus Beaches
Egypt >> 1/30/2017 - Egyptian business tycoon Naguib Sawiris is eyeing major investments for a US$235 million real estate project on the coast of Ayia Napa in Cyprus.

Sawiris showcased his project in a press conf...
Gulf Bank posts KD 43 mln in net profits
United Arab Emirates >> 1/30/2017 - The Gulf Bank recorded a net profit of KD 43 million (earnings per share of 15 fils), an increase of 10 percent over the previous year.

Gulf Bank Chairman Omar Kutayba Al-Ghanim said the Boa...
Galal Saeed Discusses Providing 50 Ferries for 18 Governorates on The River Nile.
Galal Saeed Discusses Providing 50 Ferries for 18 Governorates on The River Nile. Egypt >> 1/31/2017 - Transport Minister Galal Saaed has a meeting with Chairman of the River Transport Authority Reda Ismail and Director of the National Institute of Transport (NIT) Moustafa Abu Hashima to discuss suppl...
Egypt Ahead of IMF Delegation Review for Second Loan Installment
Egypt >> 1/31/2017 - A delegation from the International Monetary Fund (IMF) has arrived in Egypt to prepare for a review required before disbursing the second installment of a three-year $12-billion loan, sources at the ...
Egypt to Consider Yen, Yuan Bonds after Dollar Sale Last Week
Egypt to Consider Yen, Yuan Bonds after Dollar Sale Last Week Egypt >> 1/31/2017 - Egypt may issue bonds in other international currencies, after successfully selling $4 billion of Eurobonds last week, Finance Minister Amr El Garhy said

He told a news conference that pote...
Dubai Islamic Economy Development Centre Launches Enhanced Islamic Economy Strategy for 2017-2021
United Arab Emirates >> 1/31/2017 - The Dubai Islamic Economy Development Centre, DIEDC, launched its enhanced Islamic Economy Strategy for 2017-2021 under the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown P...
DHABI: Siemens Contributes AED4.5bn to UAE Economy
United Arab Emirates >> 1/31/2017 - After almost four decades of operating in the UAE, Siemens has quantified its contribution to society through its operations in a report entitled, "In the UAE, for the UAE – Making real what matters"....
DUBAI: DFSA Proposes Framework for Loan-Based Crowd funding to Support SME Financing
United Arab Emirates >> 1/31/2017 - The Dubai Financial Services Authority, DFSA, launched a consultation on its proposed framework for regulating loan-based crowdfunding platforms.

The consultation is the first in a series of...
The Ministerial Committee for Production Convened Under Prime Minister Sherif Ismail
The Ministerial Committee for Production Convened   Under Prime Minister Sherif Ismail Egypt >> 2/1/2017 - The ministerial committee for production convened under Prime Minister Sherif Ismail to probe reports by the irrigation, military production and public business sector ministers.

The Water...
Egypt: Diplomat Calls on Expats to Transfer $90 Per Month to Support Economy
Egypt >> 2/1/2017 - Egyptian Ambassador in Riyadh called Egyptians abroad to support economy by transferring $90 per month to their accounts in homeland.

The ambassador made the remarks during a ceremony held ...
Egypt's Central Bank Receives $4 Bln from Eurobond Sale
Egypt's Central Bank Receives $4 Bln from Eurobond Sale Egypt >> 2/1/2017 - Egypt's central bank received $4 billion from its Eurobond sale last week, Central Bank Governor Tarek Amer told the state news agency

Egypt sold $4 billion of Eurobond in three tranches las...

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