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Egyptian Stock Market Loses EGP 22 Bln in Tuesday Morning Trading
Egypt >> 6/5/2018 - The Egyptian Stock Exchange opened in the red on Tuesday morning, losing around EGP 22 billion in market capital, recording EGP 906 billion total, driven by selling from foreign and Arab companies and...
50 ships transit Suez Canal
Egypt >> 6/5/2018 - Fifty ships transited the Suez Canal on Monday 4/6/2018, with a total cargo of 2.8 million tons.

The south-bound convoy included 26 vessels carrying 1.5 million tons, while the north-bound co...
Housing, investment ministries sign cooperation protocol with Wb
Egypt >> 6/5/2018 - Minister of Housing Dr Mostafa Madbouli and Minister of Investment Dr Sahar Nasr signed 4/6/2018 a cooperation protocol with World Bank (WB) officials on the second phase of the national program on s...
Trade Exchange Between KSA And Egypt Amounts $ 2.3 Billion
Egypt >> 6/5/2018 - The Central Bank of Egypt has revealed that the volume of trade exchange between the Kingdom of Saudi Arabia and Egypt reached 2.3 billion dollars during the first half of the current fiscal year 2017...
Egypt’s Foreign Currency Reserve Increased By $106 Million in May
Egypt >> 6/5/2018 - The Central Bank of Egypt (CBE) announced that the net foreign reserve increased to $44.139 billion at the end of May compared to $44.030 billion in April, making an increase of about $106 million.
DP World, Emirates NBD, Sanofi, And NIKAI Group Among Participating Corporations
United Arab Emirates >> 6/5/2018 - DP World, Emirates NBD, Sanofi, and NIKAI Group among participating corporations

Selected candidates will be given an opportunity to tailor their ideas to meet specific needs, gain industry e...
National Coalition For Economic Institutions Suspends Participation in Wednesday's Strike
Jordan >> 6/5/2018 -  A number of professional associations, societies, commissions and unions under the umberella of National Coalition for Economic Institutions, announced suspension of participation in a strike planned...
Dubai Leads Regional, Global Rankings In IMD Competitiveness Report
United Arab Emirates >> 6/5/2018 - Dubai has ranked first in the Arab world in terms of government budget (as percentage of GDP), while globally the emirate ranked seventh in government efficiency and third in public finance, according...
Dubai Startup Hub Launches 2nd Market Access Programme
United Arab Emirates >> 6/5/2018 -  The Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has launched the second edition of its Market Access programme which aims to enhance cooperation and facilitate deals b...
Egypt to Begin Importing Rice after Slashing Its Own Cultivation
Egypt >> 6/6/2018 - Egypt will begin importing rice, a crop it has typically had in surplus, to increase stocks and “control the market,” Prime Minister Sherif Ismail said , months after a campaign to cut local productio...
Egypt's New Fees for Mobile Phone Lines, Passports and Driving Licenses
Egypt >> 6/6/2018 - Egypt's House of Representatives approved a draft law to amend existing and impose new fees for several licenses and services including acquiring mobile phones and residency permits, as well as drivi...
Abu Dhabi and Hong Kong to Advance Financial Innovation
United Arab Emirates >> 6/6/2018 - Abu Dhabi Global Market, ADGM, the International Financial Centre in Abu Dhabi, and the Hong Kong Securities and Futures Commission, HK-SFC, have entered into a cooperation agreement to jointly promot...
AED50-Bn Stimulus Package Will Accelerate Abu Dhabi's Economic Growth
United Arab Emirates >> 6/6/2018 - Officials from the Department of Culture and Tourism – Abu Dhabi have said that the AED50-billion stimulus package, announced by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dh...
Egyptian Stock Market Indices Rise Following Tuesday's Plunge
Egypt >> 6/6/2018 - The Egyptian Stock Exchange saw a rise in its indices morning's trading, following a sharp downturn.

The benchmark EGX30 index increased by 0.42 percent to hit 16,089 points. The small- and ...
Council of Economic and Development Affairs Holds A Meeting in Makkah
Saudi Arabia >> 6/6/2018 - The Council of Economic and Development Affairs held a meeting at Al-Safa Palace in Makkah evening.

During the meeting, the Council reviewed a number of economic and development issues, inclu...
Egypt Minister of Trade and Industry Discusses Future Projects with ADB Country Manager
Egypt Minister of Trade and Industry Discusses Future Projects with ADB Country Manager Egypt >> 6/6/2018 -  Minister of Trade and Industry Tarek Kabil met today with Malinne Blomberg, the new Egypt country manager of the African Development Bank (ADB), where they discussed the bank’s current and future pro...
Jordan FM, Irish Counterpart Discuss Ties, Regional Developments
Jordan >> 6/6/2018 - Minister of Foreign Affairs and Expatriates in the caretaker government Ayman Safad , discussed with Irish Deputy Prime Minister and Minister for Foreign Affairs and Trade Simon Coveney, means to boos...
Tunisia Annual Inflation Rate Stood at 7.7 Pct in May
Tunisia >> 6/7/2018 - Tunisia’s annual inflation held steady in May at 7.7 percent year-on-year, official data showed .

Inflation accelerated from 6.9 percent in January to 7.7 percent in April, its highest level ...
Emirati-Saudi Cooperation Committees A Vital Platform of Two Largest Arab Economies
United Arab Emirates >> 6/7/2018 - The end of 2017 has marked a new starting point in strengthening cooperation between the UAE and Saudi Arabia after the establishment of cooperation committees in the fields of trade, politics, econom...
EIBFS Hosts Conference ?n Blockchain Applications In Financial Services
United Arab Emirates >> 6/7/2018 -  Emirates Institute of Banking and Financial Studies, EIBFS, recently hosted a conference on blockchain and its application in financial services that drew the participation of more than 170 senior pr...

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