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Egypt's Primary Budget Deficit Hits 10-Year Low in First Half of FY 2017-18
Egypt >> 1/15/2018 - Egypt's primary budget deficit fell to 0.3 percent of GDP, recording EGP 14 billion in the first half of fiscal year 2017-18, down from 1.1 percent of GDP, or EGP 39 billion, in the same period during...
Abu Dhabi Chamber Takes Part in the World Future Energy Summit 2018
United Arab Emirates >> 1/16/2018 - The Abu Dhabi Chamber of Commerce and Industry has participated in the World Future Energy Summit in Abu Dhabi 2018 at Abu Dhabi National Exhibition Center ADNEC.

The Chamber’s participation...
Egypt: SCA Head Probes with Chinese Delegation Investment Opportunities
Egypt: SCA Head Probes with Chinese Delegation Investment Opportunities Egypt >> 1/16/2018 - The Chairman of the Suez Canal Authority (SCA) Mohab Mamish discussed with a Chinese delegation investment opportunities in the Canal Zone.

During the meeting, Mamish underlined that Egypt p...
Dubai: MD & CEO of DEWA Discusses Enhancing Cooperation with German Companies.
United Arab Emirates >> 1/16/2018 - HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has received a German delegation, headed by Rainer Baake, State Secretary at the Federal Ministry for Economic Aff...
Kuwait: CBK Issues Nearly USD 800 Mln Worth of Bonds
Kuwait >> 1/16/2018 - The Central Bank of Kuwait announced latest stock and "tawarruq" issue at a total value of KD 240 million (USD 792 million) valid for three months, at a two percent proceed rate.

The CBK ma...
Egypt: Kabil Meted Representatives of Top Int'l Financial Institutions in Cairo
Egypt: Kabil Meted Representatives of Top Int'l Financial Institutions in Cairo Egypt >> 1/16/2018 - The economic reforms recently carried out by the government have rendered Egypt a more attractive investment destination.

Minister of Trade and Industry met , in his office in Cairo, with re...
Bahrain-Palestine Trade Ties Discussed
Bahrain >> 1/16/2018 - Bahrain Chamber of Commerce and Industry (BCCI)'s Chairman Khalid Al Moayed has received a Palestinian business delegation headed by the chairman of Jericho Chamber of Commerce, Tayseer Hameeda, in th...
Jeddah: International Islamic Trade Finance Corporation Signs Agreement for Gambia
Saudi Arabia >> 1/17/2018 - The International Islamic Trade Finance Corporation, a member of Islamic Development Bank Group, has signed a framework agreement granting $ 210 million for a three-year term to the Republic of Gambia...
Saudi Arabia: Issues Directive for Transfer of USD $2 Billion to the Central Bank of Yemen
Saudi Arabia >> 1/17/2018 - The Kingdom of Saudi Arabia is determined to alleviate the suffering of the Yemeni people and to help them cope with the economic burdens resulting from the crimes and violations committed by Iranian-...
Egypt: Fitch Revises Egypt's Outlook to Positive
Egypt >> 1/17/2018 - Fitch Ratings has revised the Outlook on Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at 'B'.

In a report released Fitch said t...
Abu Dhabi: UAE Ministry of Finance Participates in Third Meeting of the Under Secretaries
United Arab Emirates >> 1/17/2018 - The UAE Ministry of Finance is participating in the third meeting of the Under-Secretaries of Arab Ministries of Finance that commenced in Abu Dhabi this morning.

Younis Haji Al Khoori, Under...
Saudi Arabia: Economists Think Saudi's Outlook Looks A Little Too Rosy
Saudi Arabia >> 1/17/2018 - Saudi Arabia’s government expects record spending to deliver a strong economic rebound in 2018.

Economists say it’s too optimistic, with officials underestimating the impact of new taxes, su...
Bahrain: Bcci Election Committee Holds Meeting
Bahrain >> 1/17/2018 - Chairperson of the election committee for the 29th session of the board of directors of the Bahrain Chamber of Commerce and Industry (BCCI), Jassim Hassan Abdul A’Al, has announced that according to A...
Saudi Tech Startups Raise over SR48m in 2017
Saudi Arabia >> 1/17/2018 - The technology startups incubated by Badir Program, one of the King Abdul Aziz City for Science and Technology main initiatives, have successfully raised more than SR48 million during the year 2017 th...
Egypt: External Debt Is $79 Bn, Says Finance Minister after Financial Outlook Improves
Egypt >> 1/17/2018 - Minister of Finance Amr al-Jarhi stated that Egypt’s external debt stood at $79 billion at the end of 2017, not $100 billion – the figure claimed by Fitch Ratings Inc., one of the three biggest credit...
Egypt: Sisi Calls on International Investment Funds to Contribute to Egypt's Development Efforts
Egypt: Sisi Calls on International Investment Funds to Contribute to Egypt's Development Efforts Egypt >> 1/17/2018 - President Abdel Fattah El Sisi has said he was looking forward to the contribution of regional and international funds in pushing forward economic development efforts in Egypt.

Sisi's stateme...
Jordan: Tourism Revenues Rise to $4.6 Billion in 2017, CBJ Says
Jordan >> 1/18/2018 - Tourism revenues in 2017 increased by 12.5 per cent, up to $4.6 billion, compared to $4.1 billion in the same period of 2016, the Central Bank of Jordan (CBJ) announced .
CBJ said in a stateme...
Amman: ASE Starts Trading on Higher Note
Jordan >> 1/18/2018 - The Amman Stock Exchange (ASE) opened trading with a rise to 2145 points compared to 2144 points of last session closure, according to market sources.

The market index fluctuated between 2142...
Egypt, Ethiopia to Set Up Joint Investment Council
Egypt, Ethiopia to Set Up Joint Investment Council Egypt >> 1/18/2018 - Minister of Investment and International Cooperation Sahar Nasr reached an agreement with her Ethiopian counterpart Fitsum Arega to set up a joint investment council.

The council will group ...
Egypt Sign Agreement to Bolster Sustainable Economic Development
Egypt >> 1/18/2018 - The European Union (EU) and Egypt have announced the signature of two financing agreements that would foster inclusiveness and sustainable social and economic development in Egypt, the EU delegation t...

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