Egypt Zones accountACCOUNT

Economics/Financial Analysis News

Dubai's Inflation Down 0.43% in October 2015
United Arab Emirates >> 11/15/2015 - Dubai's inflation rate for Consumer Price Index (CPI) dropped by 0.43 percent in October 2015, compared to September, according to a report issued by Dubai Statistics Centre (DSC) today.

Th...
NREC Posts KD 11.6 Mln in First Nine Months of 2015
Kuwait >> 11/16/2015 - The National Real Estate Company (NREC) announced earning KD 11.6 million in net profit of the first nine months of 2015 with earnings of 12.9 fils per share, compared to profits of KD 11.9 million, w...
Egypt Govt Working With CBE to Ease Currency Pressures
Egypt >> 11/17/2015 - Egypt's government is working with the central bank to ease downward pressure on the currency by trying to boost exports and regulate imports, Prime Minister Sherif Ismail said.

"It is the ...
Kuwait's Trade Surplus with Japan Down nearly 90%
Kuwait >> 11/19/2015 - Kuwait's trade surplus with Japan narrowed 89.8 percent from a year earlier to JPY 10.9 billion (USD 89 million) in October, shrinking for the fifth month, as exports marked the biggest percentage dro...
ADFD Supports Economic Development in Morocco
Macao >> 11/21/2015 - Abu Dhabi Fund for Development (ADFD) has played an active role in supporting sustainable development in the Kingdom of Morocco since 1976. Over the past 40 years, the fund has implemented several suc...
KSE Incurs KD 400mln Worth of Losses in 5 Sessions
Kuwait >> 11/21/2015 - Kuwait Stock Exchange lost KD 400 million in only five sessions of the past week, when the market witnessed a wave of random selling targeting blue and cheap chips, Bayan Investment Company said.
<...
Kuwait's Crude Oil exports to China Jump 46.2 Percent
Kuwait >> 11/24/2015 - Kuwait's crude oil exports to China in the first 10 months of this year surged 46.2 percent from the same period of 2014 to 280, 000 barrels per day (bpd), government data showed. In October alone, Ku...
Egypt's Tariffs on Imported European Cars Set to Fall 10% in 2016
Egypt >> 11/24/2015 - Egypt's tariffs on imported European cars are set to fall a further 10 percent early next year, an official from the Customs Authority told business newspaper Al Borsa.

The new decrease woul...
Afreximbank Offers to Improve Egypt's FX Liquidity with $1 B Facility
Egypt >> 11/29/2015 - Egypt has received a proposal from the Cairo-based African export-import bank (Afreximbank) to arrange a facility of up to $1 billion, underwriting $500 million of the amount, for the country’s centra...
Egypt Targets 5-5.5% Growth, 9- 9.5% budget deficit in 2016/17
Egypt >> 11/30/2015 - Egypt is targeting a budget deficit of around 9 to 9.5 percent and a growth rate of around 5 to 5.5 percent for the fiscal year beginning July 2016, the Ministry of Finance announced in a press.
UAE Recorded AED 534 B from Non-oil Trade in 2015
United Arab Emirates >> 11/30/2015 - The non-oil direct trade of the UAE stood AED 534.1 billion in first half of 2015 compared to AED 521.8 billion year-on-year, achieving a growth of 2 percent, according to the preliminary statistical ...
Qatar Recovers from MSCI Shock
Qatar >> 12/1/2015 - Several major Middle Eastern stock markets rose, led by Qatar, which recovered steep losses triggered the previous day by MSCI's rebalancing of its emerging markets index.

Qatar's stock index...
Egypt's EFG-Hermes Leasing seeks Islamic credit line from Gulf lender
Egypt >> 12/3/2015 - EFG-Hermes Leasing, a wholly owned subsidiary of investment bank EFG-Hermes, is working on securing a sharia-compliant credit line from a Gulf-based Islamic lender, the subsidiary's executive chairman...
CBK Governor:Developing Banking Workforce in GCC Important
Kuwait >> 12/5/2015 - Governor of the Central Bank of Kuwait (CBK) and chairman of the board for the Institute of Banking Studies Dr. Mohammad Al-Hashel said that developing the national banking workforce in the GCC countr...
Kuwait Ranked 1st in Attracting GCC Banks
Kuwait >> 12/8/2015 - Kuwait ranked first in attracting branches of Gulf commercial banks with eight branches, followed by the UAE and Saudi Arabia, with six branches each, three branches in Bahrain and two branches in Oma...
Egypt GDP Growth for Q1 2015-2016 Likely Below 5 pct
Egypt >> 12/8/2015 - Egypt's planning minister Ashraf El-Arabi said that he expects GDP growth for the first fiscal quarter of 2015-2016 to be less than 5 percent, and that the government would look to push the budget def...
Saudi Economy Resilient, Able to Stand Oil Price Slump
Saudi Arabia >> 12/12/2015 - The National Bank of Kuwait (NBK) said in a report that the Saudi economy is resilient and able to stand challenges caused by falling oil prices. The Kingdom seems to have ample fiscal space with cent...
Oil Revenues Form 93 percent of Kuwait's Income
Kuwait >> 12/13/2015 - Kuwait's oil revenues make up 93 percent of the country's income, Chairman of the Industrial Bank of Kuwait (IBK) Abdulmohsen Al-Hunaif said.

He added in an interview with "Al-Jareeda" dail...
Egypt Received 9 Million Tourists in 2015
Egypt >> 12/13/2015 - Head of Egypt's General Authority for Tourism Promotion Samy Mahmoud said that Egypt received nine million tourists since the beginning of 2015.

Mahmoud delivered a speech on behalf of Touris...
Saudi Arabia's Index Tumbles to Three-year low
Saudi Arabia >> 12/14/2015 - Saudi Arabia's index tumbled to its lowest level since late 2012 after oil slumped to near 11-year lows and investors dumped stocks. Saudi's benchmark plunged 3.5 to 6,709 points. The index is down 32...

Accounting, Statistics Asset Portfolio Management Economics/Financial Analysis Gas Export General Investment Mergers and Acquisitions
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.