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Kuwait's Inflation Rate up by 3.2 pct in Oct.2015
Kuwait >> 12/14/2015 - Kuwait's inflation rate in consumer prices was just a tick higher in October, rising from 3.1 percent year-on-year (y/y) in September to 3.2 percent y/y, a National Bank of Kuwait (NBK) report showed....
Abu Dhabi Month-on-Month Inflation Down 0.2 percent in Nov. 2015
United Arab Emirates >> 12/19/2015 - Statistics Center - Abu Dhabi issued its monthly report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for November 2015, compared with the previous month.
Private Sector not Affected by Raising Dollar Interest Rate
Egypt >> 12/19/2015 - Financial experts have said that the private sector will not be affected by the US Federal Reserve Board's decision to raise the interest rate on the dollar by a quarter point.

Mohamed al-...
Egypt's non-Petroleum Exports Drop 19% in November 2015
Egypt >> 12/20/2015 - Egypt’s non-petroleum exports dropped 18.7 percent year-on-year in November 2015 to US$1.4 billion, compared with $1.7 billion in the same month last year, according to Trade and Industry Minister Tar...
Egypt's Top Steel Producer hit $71 million Net Loss
Egypt >> 12/22/2015 - Egypt's largest steel producer Ezz Steel hit a net loss of LE559.1 million ($71.4 million) during the first nine months in 2015, the Egyptian Bourse stated.

The company saw a net loss of LE20...
Egypt's Central Bank Raises Interest Rates 50 Basis Points
Egypt >> 12/24/2015 - The Central Bank of Egypt (CBE) has decided to raise interest rates by 50 basis points in an effort to mitigate inflation after the bank's Monetary Policy Committee (MPC) met.

The bank raised...
Egypt Raises Export Duty on Scrap Fabrics by 40pct
Egypt >> 12/27/2015 - Egypt has raised duties on exports of scrap fabrics used in the manufacturing of furniture fabrics by 40 percent, in an attempt to boost local industry.

The decision aims to boost the domesti...
Mohammed bin Rashid Approves Dubai’s Budget for 2016
United Arab Emirates >> 12/27/2015 - Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved budget for the Emirate of Dubai for the year 2016 which is 12 percent m...
Kuwait's inflation Rate up 3.13 pct in November 2015
Kuwait >> 12/27/2015 - The Consumer Prices Index (CPI) for the month of November, 2015, showed an increase estimated at 3.13 percent compared with November of 2014, the Central Statistical Bureau said in its report received...
Dubai to Raise 2016 Spending 12% on Balanced Budget
United Arab Emirates >> 12/27/2015 - Dubai plans to raise spending by 12 percent next year, balancing that out with identical growth in revenue, on a budget of 46.1 billion dirhams ($12.6 billion), the government said.

This is t...
Emirates NBD named Bank of 2015 twice by The Banker
United Arab Emirates >> 12/29/2015 - The Emirates NBD announced that it has been named ‘Bank of the Year – UAE 2015’ by The Banker. The award, considered among the most prestigious by the global banking community, recognise Emirates NBD’...
Sisi Meets CBE Governor on Measures to Achieve Economic Stability
Egypt >> 12/30/2015 - President Abdel Fattah El Sisi met Governor of the Central Bank of Egypt Tarek Amer who reviewed a CBE program that is aimed at achieving economic stability to stimulate economic growth, increase the ...
Dubai’s non-Oil Trade Worth AED 966b During Jan-Sept 2015
United Arab Emirates >> 12/30/2015 - Dubai has managed to contain the impact of the instability of the global economic environment, marked by a decline in commodity prices and currency rates, to maintain a strong economic performance in ...
Oman Witnesses USD 8.5 Bln Budget Deficit in 2016
Oman >> 1/1/2016 - Budget of Sultanate of Oman will see a deficit of USD 8.58 billion in 2016, Minister Responsible for Financial Affairs Darwish bin Ismail Al Balushi revealed.

Total revenue this year is esti...
Egypt to Apply New Round of Customs Deductions on EU-imported Cars
Egypt >> 1/2/2016 - Egypt will apply a new phase of 10 per cent cuts on customs of vehicles imported from the European Union in accordance with a comprehensive EU-Egyptian trade agreement, sources at the Cairo airport cu...
Egyptian Stock Exchange Says 18,000 New Investors in 2015
Egypt >> 1/2/2016 - The Egyptian Stock Exchange announced that it attracted some 18,000 new investors in 2015.

According to the annual report of the bourse, the number of new companies registered on the market, ...
Egypt: 25.2% Rise in Tax Returns in Jul-Oct 2015
Egypt >> 1/4/2016 - Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance Ministry, which praised the surge as a result of “tax reforms” and “economic improve...
CBE Target Macroeconomic Stability In New Program
Egypt >> 1/4/2016 - The government and the Central Bank of Egypt (CBE) have decided to collaborate on designing a framework that aims at achieving macroeconomic stability, according to a press statement issued.

...
Egypt to Witness Moderate Growth in 2015/16
Egypt >> 1/8/2016 - Egypt will witness a moderate growth up to 3.8 percent in the financial year ending in June 2016, the World Bank (WB) expected in a report.

In its Global Economic Prospects, the WB also expec...
Kuwait:NBK Expects KD 3.9 Deficit in Fiscal year of 2015/16
Kuwait >> 1/8/2016 - The fiscal year of 2015/16 will close with a deficit of KD 3.9 billion (USD 12.7 billion) or 9.8 percent of GDP, National Bank of Kuwait (NBK) predicted.

The interim public finance figures fo...

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