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Dubai FDI Organises Economic Mission to Australia to Boost Trade Ties
United Arab Emirates >> 6/17/2018 - Dubai FDI, the investment development agency of Dubai Economy, is organising one of the largest economic delegations from Dubai in recent years for an official mission to Australia as part of its cont...
After Fuel Prices Increase, Prime Minister Announces New Transportation Tariff
Egypt >> 6/17/2018 - Prime Minister Mostafa Madbouli held a lengthy meeting via video conference with the governors from the Cabinet Information Center operations room to check the availability of petroleum products and ...
Suez Canal Posts Record $5.585 Billion
Egypt >> 6/18/2018 - Egypt’s revenue from the Suez Canal for the 2017-2018 financial year soared by 11.5 per cent to a record high $5.585 billion during the current fiscal year 2017-2018, which runs from July 1 to the end...
Egypt To Receive Fourth Tranche Of IMF Loan in July
Egypt >> 6/18/2018 - Egypt is set to receive the fourth tranche of an International Monetary Fund (IMF) loan package by the end of July, newly appointed Finance Minister Mohamed Moeet said .

In statements to the ...
Egypt's Agricultural Exports Up 13% in 2017/18 Season
Egypt >> 6/18/2018 - Egypt’s agricultural exports rose by 13 percent between September 2017 and April 2018 to reach 3.165 million tonnes, up from 2.802 million tonnes during the same period last year.

In a monthl...
FEWA Appoints ACWA Power/Tecton Consortium As Preferred Bidder To 45 MIGD IWP Project
United Arab Emirates >> 6/18/2018 - The Federal Electricity and Water Authority, FEWA, has announced the appointment of a consortium led by International Company for Water & Power Project ("ACWA Power") and Tecton Engineering & Construc...
Emirati Economic Delegation To Visit Kazakhstan To Promote Cooperation
United Arab Emirates >> 6/18/2018 -  The Kazakhstan Embassy in the UAE concluded its preparations for the planned official visit of a high-level Emirati delegation comprising 22 businessmen, chairmen of board of directors and executives...
Yemeni President Inaugurates The Largest Telecommunications Project In His Country
Yemen >> 6/18/2018 - Yemeni President Abd Rabbo Mansour Hadi inaugurated in the interim capital of Aden today in the presence of Yemeni Prime Minister Dr. Ahmed Obaid Bin Daghr the largest telecommunications project in Ye...
FEWA Appoints ACWA Power/Tecton Consortium As Preferred Bidder To 45 MIGD IWP Project
United Arab Emirates >> 6/18/2018 -  The Federal Electricity and Water Authority, FEWA, has announced the appointment of a consortium led by International Company for Water & Power Project ("ACWA Power") and Tecton Engineering & Constru...
Egypt's Economic Reform Program More Than 85% Complete
Egypt >> 6/18/2018 - More than 85 percent of Egypt's ongoing economic reform programme has been put into effect so far, newly-appointed Finance Minister Mohamed Maeet said in an interview with Al-Ahram Arabic newspaper ho...
Emirates NBD Signs Up with Amwal Brokerage
United Arab Emirates >> 6/19/2018 - Emirates NBD, a leading bank in the region, announced that UAE-based Amwal Brokerage has signed up as a trading member to avail the bank’s settlement and clearing services.

Following approval...
Egypt: Government to Receive $2 Billion from IMF in July
Egypt >> 6/19/2018 - Minister of Finance Mohammed Maet announced that Egypt would receive the fourth tranche of the International Monetary Fund’s (IMF) loan valued at US $2 billion in late July 2018.

Maet added ...
Algiers: Implementation of Bill on Finance Acts: All Conditions Met By 2023
Algeria >> 6/19/2018 - Minister of Finance Abderrahmane Raouya said that all conditions necessary for the implementation of the draft organic law on finance acts, presented at the Council of the Nation (upper house of Parli...
Abu Dhabi Stimulus Confirms Fiscal Adjustment Is Over
United Arab Emirates >> 6/19/2018 - Abu Dhabi's new economic stimulus program will have limited sovereign credit impact given the sovereign's strong balance sheet and low fiscal break-even oil price, Fitch Ratings said.

But it ...
Algiers: Trade Deficit Down By 63.7% in Jan-May
Algeria >> 6/20/2018 - Algeria’s trade deficit stood at US$1.718 billion between January and May 2018, against US$4.734 billion in the same period of 2017, down by 63.7%, Customs told APS
Bahrain Bourse Holds Investment, Saving Seminar
Bahrain >> 6/20/2018 - In line with Bahrain Bourse (BHB)’s efforts to enhance investment awareness, and in collaboration with the Bahrain Institute of Banking and Finance (BIBF), the Bourse will be holding the seventh "Inve...
Bahrain FDI Grows 114% As Reforms Boost Investment
Bahrain >> 6/20/2018 - FDI inflows to Bahrain grew 114% in 2017 to $519 million, according to data released by the United Nations Conference on Trade and Development (UNCTAD), the fastest growth rate in the GCC.

T...
Amman Bourse Opens Trading with Drop
Jordan >> 6/20/2018 - Amman Stock Exchange (ASE) opened trading with a drop to 2094 points from its last closure of 2097 points.

The market index fluctuated in the first 15 minutes of session between 2092 points...
UAE Mubadala Buys 10 Percent of Italian Eni Stake in Egypt's Zohr Gas Field
United Arab Emirates >> 6/20/2018 - UAE-based investment fund Mubadala has bought a 10 percent stake in Egypt's giant Mediterranean Zohr gas field from Italian oil and gas company Eni, prior to a $934m deal reached in March.

Th...
Egypt Minister of Trade and Industry Discusses Cooperation with German Ambassador
Egypt >> 6/21/2018 - Minister of Trade and Industry Amr Nassar met with Julius Georg Luy, the German ambassador in Egypt, to discuss the future of economic cooperation between Egypt and Germany in the trade and industrial...

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