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Financials and Investment News

Saudi Fransi Capital Announces Successful Conclusion Of Bonyan REIT IPO
Saudi Arabia >> 5/15/2018 - Saudi Fransi Capital announces the successful conclusion of the initial public offering (IPO) of Bonyan REIT, the largest REIT to be offered to date in the Kingdom.
The fund has a size of SR1...
Jafza generates over US$83 billion in trade
United Arab Emirates >> 5/15/2018 -  DP World UAE Region, including Jebel Ali Free Zone, Jafza, has reaffirmed its position as the region’s top trade and logistics hub by generating 29.4 million metric tonnes, MT, of trade, valued at US...
CSC Secretary General Discusses with Saudi Ambassador to Venezuela Development of Economic Relations
Saudi Arabia >> 5/16/2018 - The Secretary-General of the Council of Saudi Chambers (CSC) , Dr. Saud bin Abdulaziz Al-Meshari, has recently discussed with the Saudi Ambassador to the Bolivarian Republic of Venezuela Saad bin Abdu...
Madinah Chamber of Commerce and Industry Chairman Receives US Consul General
Saudi Arabia >> 5/16/2018 - Chairman of the Board of Directors of Madinah Chamber of Commerce and Industry Munir Mohammed Nasser received here the United States Consul General Matthias Mitman, in the presence of business men an...
Egypt: World Bank Delegation Praises Progress in Implementing Local Development Programs
Egypt >> 5/16/2018 - A World Bank delegation, currently visiting Egypt, praised the progress reached in implementing the local development program and the role played by the Ministry of Local Development in leading work a...
Egyptian PM in Talks over Medical Tourism, Projects in Petroleum
Egyptian PM in Talks over Medical Tourism, Projects in Petroleum Egypt >> 5/16/2018 - Prime Minister Sherif Ismail held four meetings with the petroleum and environment ministers, the South Sinai governor and the chairman of Federation of Egyptian Chambers of Commerce.

The mee...
Governor of DIFC, China’s Vice Minister of Commerce Discuss Future Collaboration
United Arab Emirates >> 5/16/2018 - Essa Kazim, Governor of Dubai International Financial Centre, DIFC, and Arif Amiri, Chief Executive Officer of DIFC Authority, yesterday received a senior delegation from China, led by Qian Keming, Vi...
UAE Ambassador Participates in 'Vietnam-Middle East Trade Forum'.
United Arab Emirates >> 5/16/2018 - The UAE Ambassador to Vietnam, Obaid Saeed Obaid Al Daheri, participated in the Vietnam-Middle East Trade Forum which was recently held in Ho Chi Minh City, to help boost trade between the two sides.<...
Tunisia's Central Bank Holds Key Rate Unchanged At 5.75 Percent
Tunisia >> 5/16/2018 - Tunisia’s central bank said it kept its key interest rate unchanged at 5.75 percent.

In March, the central bank raised the rate to 5.75 percent from 5.00 percent to tackle the inflation that ...
Central Bank of Egypt Expected to Keep Interest Rates Unchanged
Central Bank of Egypt Expected to Keep Interest Rates Unchanged Egypt >> 5/16/2018 - The Central Bank of Egypt will most likely keep interest rates unchanged during its upcoming Monetary Policy Committee (MPC) meeting on Thursday, a number of economists have said.

Deposit and...
Egypt's Sisi Promises Five-Year Tax Exemption for Smes That Register in Formal Economy
Egypt's Sisi Promises Five-Year Tax Exemption for Smes That Register in Formal Economy Egypt >> 5/16/2018 - Egypt's President Abdel-Fattah El-Sisi announced a five-year tax exemption for small and medium-sized enterprises (SMEs) that register their business in the formal economy.

El-Sisi's made th...
Bahrain Minister of Industry, Commerce and Tourism Receives BASF Vice President
Bahrain >> 5/16/2018 - The Minister of Industry, Commerce and Tourism Mr. Zayed R. Alzayani affirmed that hosting a global company such as BASF in the Kingdom of Bahrain is a positive indicator of Kingdom's ability to attra...
BPC President: IBPC Will Align Activities With Objectives Of Dubai Plan 2021
United Arab Emirates >> 5/17/2018 - BPC President: IBPC Will Align Activities With Objectives Of Dubai Plan 2021 To Ensure That Its Members Are “Future- Ready”Dubai Chamber’s new representative office in Mumbai expected to play key role...
Dubai, UAE: Dubai’s Trade Sector Is Forecast To Record Robust Demand In 2018,
United Arab Emirates >> 5/17/2018 - Dubai, UAE: Dubai’s trade sector is forecast to record robust demand in 2018, supported by key factors such as price competition, accessibility and global demand, a new survey from the Dubai Chamber o...
Egypt's GDP Growth For Q3 Of 2017/18 Fiscal Year At 5.4 Pct
Egypt >> 5/17/2018 -  Egypt’s GDP growth for the third quarter of the 2017/18 fiscal year rose to 5.4 percent from 4.3 in the same period last year, the country’s planning ministry said in a statement .

Egypt’s f...
Yemeni Central Bank Discusses Monetary Policy Taking Advantage Of Saudi Deposit Of $ 2 Billion
Saudi Arabia >> 5/17/2018 -  An extensive meeting in the temporary Yemeni capital of Aden, headed by Governor of the Central Bank of Yemen Mohammad Zemam, has discussed a number of issues related to monetary policy and the banki...
KSE declines
Kuwait >> 5/17/2018 - Kuwait Stock Exchange (KSE) closed its weekly trading session today, the general index down 14.32 points to reach the level of 4801.1 points, with a decrease of 0.3 percent.

The volume of the...
Muscat Securities Market Declines 36 Points
Saudi Arabia >> 5/17/2018 -  Muscat Securities Market (MSM) general index (30) lost (36.07) points, comprising a decline by (0.78%) to close at (4617.71) points, compared to the last session, which stood at (4653.78) points.<...
Egypt, UK Consider Future Of Economic Relations Ahead Of Brexit: Min
Egypt >> 5/17/2018 - Minister of Trade and Industry Tareq Qabil said that Cairo is in talks with British government officials to coordinate stances on future of bilateral economic relations in light of the UK’s departure...
UAE imposes economic sanctions on senior leadership of Hizballah’s Shura Council
United Arab Emirates >> 5/17/2018 - As part of the ongoing collaboration between member nations of the Terrorist Financing and Targeting Center (TFTC) in Riyadh, the UAE has imposed economic sanctions against the senior leadership of th...

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