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Egypt: 60 Million Egyptians Have Updated Data on Food-Subsidy System
Egypt >> 5/13/2017 - Egypt's Minister of Communications Yasser El-Kady said in a press conference that 60.3 million Egyptians who benefit from food subsidies have been registered and their data updated on the Ministry of...
Abu Dhabi Fund for Development Finances 31 Projects worth AED5.7 Billion in Jordan
United Arab Emirates >> 5/27/2017 - The Abu Dhabi Fund for Development, ADFD, has financed 31 projects worth AED5.7 billion in Jordan.

In its report which was released to mark Jordan’s 71st Independence Day, it stated that ADFD...
Kuwait: Commerce Ministry Confronts Commercial Fraud
Kuwait >> 5/27/2017 - Minister of Commerce and Industry Khaled Al-Roudan stressed that the ministry is monitoring prices of all goods and combating commercial fraud against consumers.

While inspecting some coope...
Dubai Chamber Workshop Provides Clarity on Uae Commercial Companies Law
United Arab Emirates >> 5/28/2017 - The Dubai Chamber of Commerce and Industry recently hosted a workshop at its premises which focused on key features and requirements under the new UAE Commercial Companies Law.

The workshop, ...
DUBAI: Gulf Bourses Edge Down After OPEC Deal; Qatar's Ezdan Continues Slide
United Arab Emirates >> 5/28/2017 - Most Gulf stock markets edged down in early trade after global oil producers agreed to extend cuts in output by nine months to March 2018. Trading volumes were thin, partly because of the start of th...
Kuwaiti Stocks Close Down
Kuwait >> 5/28/2017 - Kuwaiti stocks closed down as the Price Index shed by 37.87 points to 6,649 points, Weighted Index to 1.21 points and KSX 15 down to 1.85 points.

As many as 72.4 million shares worth KD 13.5 ...
Egypt: 201 Projects worth LE2.3 Billion Approved in April
Egypt: 201 Projects worth LE2.3 Billion Approved in April Egypt >> 5/28/2017 - Trade and Industry Minister Tareq Qabil said that 201 industrial projects, with total costs of LE2.3 billion, received final approvals inside and outside the industrial zones in April. The projects wi...
Qatar Stock Index Sinks 3.1 Pct before Deadline in Diplomatic Crisis
Qatar >> 7/2/2017 - Qatar's stock market fell sharply as a deadline for Doha to accept a series of political demands by four Arab states was expected to expire later in the day with no sign of a resolution.

The ...
Egypt, Lebanon Reach $ 3m Deal on Exporting Readymade Clothes
Egypt >> 7/2/2017 - Egypt and Lebanon reached a 3-million-dollar deal under which Egypt will export ready-made clothes to Lebanon, the UAE and a number of West African countries, Trade and Industry Minister Tarek Kabil s...
Abu Dhabi Global Market and Qianhai Authority Partner to Promote Investment and Fintech Cooperation
United Arab Emirates >> 7/3/2017 - The Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Qianhai Authority, have e...
Kuwait Bourse Ends Trading in Green Zone
Kuwait >> 7/4/2017 - Boura Kuwait, the national stock exchange, ended trading in the green zone with the benchmark going up by 73.55 points to 6,638.77 points.

The benchmark made a record jump midday by 88 point...
Emirates NBD Signs with First Trading Member in UAE’s Equity Markets
United Arab Emirates >> 7/10/2017 - Emirates NBD announced that it will provide clearing member services to its subsidiary, Emirates NBD Securities, making the brokerage firm, the first trading member to sign with the bank.

Th...
Egypt: Foreign Participation in Egypt's T-Bill Auction at $223 Mln Finance Ministry
Egypt: Foreign Participation in Egypt's T-Bill Auction at $223 Mln Finance Ministry Egypt >> 7/16/2017 - Foreign participation in Egypt's Treasury bill auction reached 4 billion Egyptian pounds ($222.59 million), the head of public debt at the Finance Ministry, Sami Khallaf,

Khallaf said that f...
Sherif Ismail attends signing of agreements to set up projects in SCZone
Sherif Ismail attends signing of agreements to set up projects in SCZone Egypt >> 8/1/2017 - Prime Minister Sherif Ismail attended the signing ceremony of agreements with six companies to set up projects on an area of 16.2 million square meters in the southern part of the Suez Canal Economic ...
Egypt to issue $2-4 bln in eurobonds in Q1 2018
Egypt to issue $2-4 bln in eurobonds in Q1 2018 Egypt >> 8/2/2017 - Egypt has plans to issue between $2 billion and $4 billion in eurobonds in the first quarter of 2018, the country’s finance minister Amr El-Garhy told state owned MENA agency.

In statements t...
Foreign investments at UAE stock markets hit AED104.5 billion in July
United Arab Emirates >> 8/3/2017 - The market capitalisation of foreign shares at UAE stock markets continued their rising streak for the second month running, surging to AED104.5 billion during July, a growth of 5.5 percent over the m...
3 New Water Plants Established at cost of EGP 26 mln
Egypt >> 8/6/2017 - Head of the Holding Company for Water and Wastewater (HCWW) in Qena Sayed Mahmoud Rabie said that the company had accomplished the construction of three water plants in the Upper Egypt governorate.
Kuwait's Zain Group reports flat second quarter profit
Kuwait >> 8/6/2017 - Zain, Kuwait's biggest telecom operator by subscribers, reported flat second-quarter profits.

The former monopoly, which operates in eight countries in the Middle East and Africa, made a net ...
Kuwait's Inflation Up 1.26 Pct in July - CSB
Kuwait >> 8/23/2017 - The Consumer Prices Index (CPI) rose by 1.26 percent in July 2017 compared to the same month in 2016, the Central Statistical Bureau (CSB) said

The index figure for July 2017 recorded a decr...
Kuwait Economy to Rebound in Two Years - WB Official
Kuwait >> 8/23/2017 - The World Bank's (WB) Country Manager in Kuwait Firas Raad said the late 2016 OPEC and major oil producers' agreement, aimed to cut the glut in the global oil production, have added strains on the Kuw...

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