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Financials and Investment News

Saudi:Finance Minister at Davos Forum We Seek to Ensure Sustainability of Growth in National Economy
Saudi Arabia >> 1/28/2018 - The Minister of Finance Mohammed bin Abdullah Al-Jadaan participated in World Economic Forum "Davos" held in Switzerland from 23-26 January 2018 within the Kingdom's delegation including a number of p...
Egypt Signs Third $500 Mln Tranche of $1.5 Bln Afdb Loan
Egypt Signs Third $500 Mln Tranche of $1.5 Bln Afdb Loan Egypt >> 1/28/2018 - Egypt's Minister for Investment and International Cooperation Sahar Nasr signed the deal, saying the funds would be put toward the social-security system, which currently fails to meet citizen's needs...
Egyptian Delegation to Participate in Morocco IMF Conference on Job Creation
Egyptian Delegation to Participate in Morocco IMF Conference on Job Creation Egypt >> 1/28/2018 - A high-level Egyptian delegation is set to participate in a conference organised by the International Monetary Fund (IMF), in cooperation with the Arab Monetary Fund (AMF), the Arab Fund for Social an...
Saudi Economic Reforms Have Supported Logistics on Red Sea Line
Saudi Arabia >> 1/28/2018 - The CEO of logistics services at LogiPoint, Hemanth Prakash said that the Saudi economic reforms have had a positive impact on the development of a significant logistical competition along the Red Sea...
Riyadh -Expert Analyzes Why 50% of Entrepreneurs Leave the Market in the First Year
Saudi Arabia >> 1/28/2018 - The Kingdom has a very attractive atmosphere for business and investment for small and medium business startups. However, one of the observations that was noticed with small and medium businesses is t...
Mars Egypt to Expand Business in Egypt
Egypt >> 1/28/2018 - Minister of Trade and Industry Tarek Kabil met with Duncan McCulloch, Mars’ Regional Director for the MENA region to discuss the company’s investment plans in Egypt in the near future.

Kabil ...
Egypt: Investment Minister: Bankruptcy Law Comes at Critical Time, Encourages Investment
Egypt: Investment Minister: Bankruptcy Law Comes at Critical Time, Encourages Investment Egypt >> 1/28/2018 - Minister of Investment and International Cooperation Sahar Nasr said the bankruptcy law approved by the Egyptian parliament comes at a critical time in Egypt's history and would encourage investment.<...
Egypt: Agriculture: Sisi Ratified Egypt's Joining International Olive Oil Agreement
Egypt >> 1/29/2018 - Minister of Agriculture and Land Reclamation Abdel Moniem el Bana said President Abdel Fattah El Sisi has ratified Egypt's joining the International Agreement on Olive Oil and Table Olives.

...
Egypt: Sahar Nasr Witnesses Inking of Investment Project in Dabaa
Egypt: Sahar Nasr Witnesses Inking of Investment Project in Dabaa Egypt >> 1/29/2018 - Investment Minister Sahar Nasr and Minister of Local Development Abu Bakr el Gendi witnessed the inking of an agreement to establish an investment project in Mersa Matrouh.

Under the deal, M...
Kuwait Finance Minister: State Budget Deficit Of KD6.5bn For 2018-2019
Kuwait >> 1/29/2018 -  Kuwait has announced a 2018-2019 state budget with a deficit of KD6.5 billion - US$21.6 billion.

The Kuwaiti Minister of Finance, Nayef Al-Hajraf said that the deficit is estimated followin...
First Abu Dhabi Bank Posts AED10.92b Net Profit In 2017
United Arab Emirates >> 1/29/2018 -  First Abu Dhabi Bank, FAB, the UAE’s largest bank and one of the world’s leading and safest financial institutions, reported its financial results for the full year ended 31 December 2017.

F...
The Ministry Of Finance : Data Protection Is More Important Than Ever Before
United Arab Emirates >> 1/29/2018 - To mark Data Privacy Day, the Ministry of Finance, MoF, has emphasised the importance of protecting personal data for financial transactions, in light of the digital revolution and the increasing glob...
Morocco's Currency Move a Step in Right Direction – IMF
Morocco >> 1/29/2018 - Morocco’s new, more flexible hard currency system is a step in the right direction to make the kingdom more attractive to investment and turn it into a financial hub for Africa, a senior IMF official ...
Bahrain-Kazakhstan Business Opportunities Highlighted
Bahrain >> 1/29/2018 - Bahrain Chamber of Commerce and Industry (BCCI)'s chairman Khalid Al Moayed has received the Riyadh-based ambassador of Kazakhstan accredited to Bahrain, Bakyt Batyrshayev.

They highlighted ...
Bahrain-Japan Ties Praised
Bahrain >> 1/29/2018 - Bahrain Chamber of Commerce and Industry (BCCI) chairman Khalid AlMoayed has received ambassador of Japan to Bahrain, Kiyoshi Asako. AlMoayed praised the Bahraini-Japanese ties lauding the efforts o...
Abu Dhabi Chamber Discusses Cooperation with Tokyo SME Support Center
United Arab Emirates >> 1/29/2018 - His Excellency Ibrahim Fateh Ali Al Khajah, Board Member of the Abu Dhabi Chamber of Commerce and Industry and head of the Vocational Sector Committee at the Chamber, received Kazumasa Susaki, General...
Jordan: CBB Grants Bank of Jordan Branch License
Jordan >> 1/29/2018 - The Central Bank of Bahrain (CBB) said Monday it has granted a wholesale bank (branch) license to the Bank of Jordan to operate in the Gulf nation.

Ahmed Abdulaziz Al-Bassam, Director of Lice...
Middle Eastern Countries Must Broaden Tax Base-IMF Chief
Morocco >> 1/30/2018 - Middle Eastern countries should pursue fiscal policies to support growth and build broader tax bases to fund infrastructure projects and social spending, IMF Managing Director Christine Lagarde said.<...
Bahrain: Minister Receives Telecom Company Officials
Bahrain >> 1/30/2018 - Transportation and Telecommunications Minister Kamal bin Ahmed Mohammed has received a delegation from Huawei telecommunication-provider headed by its new regional CEO Lu Yuedong and his predecessor P...
Saudi Sipchem Mulls U.S. Shale Venture in First Foreign Foray
Saudi Arabia >> 1/30/2018 -  Saudi International Petrochemical Co. is considering investing in the U.S. shale industry in what would be the company’s first foreign venture as it faces higher costs and a shortage of feedstock at ...

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