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Financials and Investment News

Retail Operators Given Opportunity To Sell Expo 2020 Dubai-Branded Products To Millions
United Arab Emirates >> 7/15/2018 -  Retail companies of all sizes can capitalise on the huge merchandising opportunities available before, during and after Expo 2020 Dubai.

With more than 5,000 types of official licensed produ...
DIFC Reports Strong Start To 2018
United Arab Emirates >> 7/15/2018 -  H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre said that DIFC has played a highly positive and impactful role in D...
Hala China Establishes Board Of Directors, Announces First Strategic Partnerships
United Arab Emirates >> 7/15/2018 - The Hala China initiative, jointly launched by Meraas and Dubai Holding earlier this year, has announced the signing of its first strategic agreements at a press conference.

The event was...
FAB Appoints UAE Head Of Corporate And Investment Banking
United Arab Emirates >> 7/15/2018 -  First Abu Dhabi Bank, FAB, has appointed Mohanad Al-Borno as Head of Corporate and Investment Banking for the UAE

. According to a press statement, Al-Borno will be responsible for managi...
Khalifa Fund Signs Mou To Promote Entrepreneurship, SME' in Jordan
United Arab Emirates >> 7/15/2018 -  The Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding with Jordan's Crown Prince Foundation to support entrepreneurship and development projects in Jordan.

Thi...
Aldar Making Headway With Projects On Yas, Saadiyat & Reem Islands
United Arab Emirates >> 7/15/2018 -  Aldar Properties PJSC (Aldar) today provided its latest quarterly update on its projects under development across key destinations in Abu Dhabi.

On Yas Island, Aldar has begun the handover p...
ADFD Spends AED84b To Finance 550 Projects
United Arab Emirates >> 7/15/2018 -  In a report celebrating its 47th anniversary, Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, announced that it has expended a total of AED84 billion to financ...
Lulu Set To Open Its Largest Hypermarket in Saudi Arabia
Saudi Arabia >> 7/15/2018 - LuLu Hypermarket is geared to open its largest hypermarket in the Kingdom of Saudi Arabia (KSA) on July 18, 2018.

The new store will mark LuLu’s 150th store milestone and the 13th branch in ...
Egypt: And 9-Month T-Bill Yields Fall, Ending One-Month Streak
Egypt >> 7/15/2018 -  Yields on Egypt’s three and nine-month treasury bills fell at an auction , bucking a trend of rising rates in recent weeks fuelled by what bankers have described as an exit of foreign investors from ...
Tunisia's President Says PM Should Quit If Crisis Continues
Tunisia >> 7/15/2018 - Tunisia’s president called on Sunday for Prime Minister Youssef Chahed to step down or seek a confidence quote if the country’s political and economic crisis continues, withdrawing his support for the...
IMF Mission Chief Hails Economic Stability In Egypt
Egypt >> 7/15/2018 - Subir Lall, the International Monetary Fund (IMF) Mission Chief for Egypt, said the economic reform measures adopted by the Egyptian government have contributed to achieving economic stability in the ...
Egypt Allocates 55% Of Development Aid For Upgrading Infrastructure
-------- >> 7/15/2018 - Egypt allocated about 55 percent of development aid for upgrading the infrastructure in order to incentivize investments, according to a report prepared by the Ministry of Investment and International...
Strategic Shift In Relations Between The UAE, China, US$50 Billion Trade Between Two Countries
United Arab Emirates >> 7/15/2018 - Dr. Ali Obaid Al Dhaheri, the UAE Ambassador to the People's Republic of China, has emphasised that the volume of economic and trade exchange between the UAE and China reached more than US$50 billion ...
Egypt's Investment Minister Sahar Nasr Heads To New York To Partake In UN ECOSOC Forum
Egypt >> 7/15/2018 - Egypt’s Investment and International Cooperation Minister Sahar Nasr headed to New York to partake in the United Nation’s organized High-level Political Forum of Economic and Social Council (ECOSOC) ...
Indian-Owned SPP Pumps Injects LE100mn Investments To Egypt By 2022
Egypt >> 7/15/2018 - Chairman of SPP Pumps, an Indian-owned pump company, Mohammed Hassan said that the company will be supplying pumps to ministry neighborhoods within the Administrative Capital.

SPP will also s...
Egypt's Parliament Approves Law Creating Sovereign Wealth Fund
Egypt >> 7/16/2018 - Egypt’s House of Representatives passed a law presented by the government to set up a sovereign wealth fund to manage state companies.

According to the new law, the EGP 200 billion fund is na...
Egypt's Historic Al-Alamein Hotel Reopens after EGP 1.5 Billion Renovation
Egypt >> 7/16/2018 - The historic Al-Alamein Hotel has officially reopened after a major facelift by Emaar Hospitality Group that will make it among the finest resorts along the Mediterranean.

The opening event w...
Egypt's Central Bank Receives $400 Mln Loan from Afreximbank to Fund Small Businesses
Egypt's Central Bank Receives $400 Mln Loan from Afreximbank to Fund Small Businesses Egypt >> 7/16/2018 - The Central Bank of Egypt has received a $400 million 12-month loan from the African Export and Import Bank (Afreximbank) to fund small and medium-sized enterprises in the country, Al-Ahram Arabic new...
Morocco’s Trade Deficit Widens 7.8 Pct Year/Year in January
Morocco >> 7/16/2018 - Morocco’s trade deficit widened by 7.8 percent to 100.832 billion dirhams ($10.7 billion) in the first six months of 2018 compared with the same period last year, the foreign exchange regulator said ....
Value of Non-Oil Trade between Abu Dhabi, China Reached AED13.2 Billion in 2017
United Arab Emirates >> 7/16/2018 - The value of non-oil trade between Abu Dhabi and China, in 2017, reached AED13.2 billion, constituting around 8.2 percent of the emirate’s registered trade that totalled AED160 billion during the same...

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