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Middle East's Contract Logistics Market to Reach US$3.7bn
United Arab Emirates >> 8/27/2012 - The UAE, Qatar and the Kingdom of Saudi Arabia will remain key growth catalysts for the contract logistics market in the Middle East, which is expected to reach a value of around $3.7bn in 2015, incre...
ESE Gains LE 1.8 Billion
Egypt >> 8/28/2012 - Egyptian Stock Exchange (ESE) continued its upward trend to finish on 27/8/2012 up over President Mohammed Morsi's visit to China on 28/8/2012. The EGX 30 benchmark index gained 0.75 per cent to close...
DP World Increases Profit by 12% to $310 Million
United Arab Emirates >> 8/29/2012 - DP World announced financial results from its global portfolio of marine terminals for the first six months of 2012, reporting profit before tax at $310 million, 12% ahead of the prior period on an un...
Egypt Money Supply Rises 8 pct in Year to July
Egypt >> 8/31/2012 - Egypt's M2 money supply rose 8 per cent in the year to the end of July, the central bank said. Money supply was LE1, 101.9 billion ($180.8 billion) at the end of July, up from LE1,094.4 billion at the...
Egyptian Exchange Gains EGP 29.3 Billion in August
Egypt >> 9/1/2012 - The Egyptian Exchange achieved record gains in August of nearly EGP 30 billion, led by positive news on the political and economic fronts. The capital market gained EGP 29.3 billion in August, the sec...
Egypt Bourse Sees Strong Gains
Egypt >> 9/2/2012 - Egypt stocks see substantial gains, with main benchmark EGX30 advancing 1.6 per cent to sit at 5,418 points one hour into the session. Commercial International Bank (CIB) saw an impressive rally, risi...
Chinese Investments in Egypt Increase $3 Billion
Egypt >> 9/2/2012 - Planning and International Cooperation Minister Ashraf al-Arabi said the Chinese investments in Egypt will increase to around $3 billion in two years as well to open the Chinese markets for Egyptian e...
Egypt Expects Chinese Investment Worth $3 bln
Egypt >> 9/2/2012 - Direct investment from China is expected to reach $3 billion over the next two years, state-run daily Al-Ahram reported, citing Egyptian Minister of Planning and International Cooperation Ashraf El-Ar...
Qatar's Eye on Egypt Banks Drives Up Shares 1.7pct
Egypt >> 9/2/2012 - Egypt’s stocks rose at the close of the week’s starting session, unusually bolstered by the banking sector as its shares recorded high gains. The main index EGX30 climbed by 1.7 per cent recording 5,4...
ESE Gains EGP4.8 bn
Egypt >> 9/3/2012 - The Egyptian Stock Exchange (ESE) on 2/9/2012 closed with gains amounting to EGP 4.8 bn backed by continuing Arabs Purchases. The benchmark index EGX 30 was up 1.7 per cent to 5,424.79 points.
Egypt's Sewedy Q2 Profit Slides 82 pct
Egypt >> 9/3/2012 - Egypt's El Sewedy Electric , the Arab world's biggest listed cable maker, reported an 82 per cent drop in second-quarter net profit. Net income tumbled to LE30.6 million ($5.01 million) from LE169.5 m...
EGP 1.650 Billion for development & infrastructure projects in Sinai
Egypt >> 9/4/2012 - The government has decided to assign LE1.650 billion for completing development and infrastructure projects in Sinai during the current fiscal year. Different government bodies and ministries will car...
Qatar Plans to Invest USD 18 billion in Egypt
Qatar >> 9/6/2012 - Qatar's Prime Minister and Foreign Minister HE Sheikh Hamad bin Jassim bin Jabor Al Thani said that the directives of HH the Emir Sheikh Hamad bin Khalifa Al Thani, HH the Heir Apparent Sheikh Tamim b...
Egypt Needs LE 267 Billion Investments in 2012
Egypt >> 9/6/2012 - According to Egypt State information service, Prime Minister Hisham Qandil said on 4/9/2012 that Egypt needs investments worth LE 267 billion to raise the growth rate from 4 to 5 percent in 2012. The ...
Bourse Gains EGP 13.4 Billion this Week
Egypt >> 9/8/2012 - Egypt's bourse gained EGP 13.4 billion and the main index recorded its highest rate within 15 months. The main benchmark EGX 30 index rose by 3.95 percent to 5,543 points. The broader EGX 70 index of ...
Dubai International Financial Centre Grows 6 Percent
United Arab Emirates >> 9/9/2012 - Dubai was also ranked 10th overall for its financial maturity. To remain competitive and operate as per the highest regulatory standards, DIFC continues to develop its internationally-recognised regul...
Egypt Annual Inflation Holds Steady Around 6.4 pct
Egypt >> 9/10/2012 - Egypt's urban inflation remained almost unchanged at 6.4 per cent in the year to August, but climbed a monthly 1.1 per cent on rising food prices, data from CAPMAS showed. The monthly increase in infl...
Egypt's Exchange Continues upward Trend
Egypt >> 9/10/2012 - Egypt's Exchange has continued its upward trend for the second session in a row, prompted by purchases of Arab and foreign investors. The market capital achieved gains worth EGP1.7 billion to reach EG...
UAE to See 4pct Growth in 2012
United Arab Emirates >> 9/11/2012 - The United Arab Emirates will see higher-than-expected 4 per cent growth in 2012, its Central Bank said this week, spurred by strong growth in both Dubai and Abu Dhabi, and an increase in public spend...
Egypt 2011/12 Deficit Grows Surprise LE170 Billion
Egypt >> 9/11/2012 - Egypt's state budget deficit for 2011/12 was far higher than forecast, driven by a large increase in the state wage bill and a drop in tax revenues, the Finance Minister said.In a ministry statement i...

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