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President Sisi Meets AIIB President
President Sisi Meets AIIB President Egypt >> 12/11/2018 - President Abdel Fattah El Sisi stressed Egypt's keenness on boosting aspects of cooperation with the Asian Infrastructure Investment Bank (AIIB).

The president made the remarks during a meet...
Intra-African Trade Fair (IATF2018) Opens Dec 11-17
Egypt >> 12/11/2018 - Prime Minister Mostafa Madbouli will inaugurate the 1st Intra-African Trade Fair (IATF2018), slated for December 11-17, Minister of Trade and Industry Amr Nassar said .

The first-ever Intra-A...
Sharjah Chamber Organises UAE - Kenya Trade and Investment Forum in Nairobi
United Arab Emirates >> 12/11/2018 - Sharjah Chamber’s trade mission to Kenya concluded its visit as part of its African tour, where it organised the UAE - Kenya Trade and Investment Forum in Nairobi.

The forum, which includes t...
DFM Briefs Private Businesses about Listing Opportunity on Its 'Second Market'
United Arab Emirates >> 12/11/2018 - The Dubai Financial Market, DFM, has organised a roundtable about the listing opportunity on its "Second Market" Platform, in cooperation with the Dubai Chamber of Commerce and Industry and the Dubai ...
Egypt's Planning Ministry Adopts Law Establishing Country's Sovereign Wealth Fund
Egypt >> 12/11/2018 - Egypt's Minister of Planning Hala El-Said said that the law on establishing the country's sovereign wealth fund is being put into effect.

In July, Egypt’s House of Representatives passed a la...
Egypt Sells $1.1 Bln in One-Year Dollar T-Bills: Central Bank
Egypt >> 12/11/2018 - Egypt sold $1.1 billion in one-year dollar-denominated treasury bills in an auction , the central bank said.

The average yield for the bills was 3.747 percent. The bills will mature on Dec. 1...
Egyptian Investments in African Markets Have Reached $8 Billion: Egypt's PM
Egypt >> 12/11/2018 - Egyptian Prime Minister Mostafa Madbouly said that Egyptian companies' investments in African markets have reached $8 billion, state news agency MENA reported.

The PM's comments came during ...
Finance Minister Egyptians Will Reap Fruits of Economic Reform In A Gradual Way
Egypt >> 12/11/2018 - In a meeting with members of the Egyptian parliament's economic affairs committee , Egypt's Minister of Finance Mohamed Maeet said that despite complaints by citizens about the harsh living conditions...
Banks Propel Egypt Gain, Dubai Recoups Some Losses
Egypt >> 12/11/2018 - Egypt’s blue-chip index continued to gain on Tuesday after enjoying its biggest one-day gain in two years in the last session, while Dubai recovered partially from five-year lows, lifted by gains in r...
Tunisia Central Bank Holds Key Interest Rate at 6.75 Pct
Tunisia >> 12/11/2018 - Tunisia’s central bank kept its key interest rate unchanged at 6.75 percent .

Inflation stayed at 7.4 percent in November, its third month in a row at that figure, official data showed. It fe...
Amman Stock Exchange Opens Trading On Lower Note
Saudi Arabia >> 12/11/2018 -  Amman Stock Exchange (ASE) opened trading with a drop to 1,818 points compared to 1,829 points of last session closure.

During the first 15 minutes of today's trading, the market index fluct...
Tunisia's Trade Deficit Rises to Record $5.86 Billion
Tunisia >> 12/11/2018 - Tunisia’s trade deficit widened by 21 percent year-on-year in the first 11 months of 2018 to 17.32 billion dinars ($5.86 billion), a record level, the State Statistics Institute said .

The de...
Saudi Arabia’s $106bn Retail Industry Forecast to Grow 12.3% by 2023
Saudi Arabia >> 12/11/2018 - Retail sales across four Gulf countries are projected to increase by more than $24 billion over the next five years, with an estimated growth rate of 12.3% in Saudi Arabia, according to new research f...
Saudi Venture Capital Signs Mou with US Investor Tim Draper
Saudi Arabia >> 12/11/2018 - Saudi Venture Capital Company signed a memorandum of understanding with American investor Tim Draper, one of the most important venture capital investors in the world under the sponsorship of the Smal...
HE Essa Kazim: “The “Second Market” Offers Private Companies Various Benefits
United Arab Emirates >> 12/11/2018 - HE Essa Kazim: “The “Second Market” offers private companies various benefits of being a listed company and adds value for shareholders’ ownership”

HE Hamad Buamim: Dubai Chamber is committed...
Egypt's El Sewedy Electric To Borrow $500 Mln From African Export-Import Bank
Egypt >> 12/11/2018 - Egypt’s El Sewedy Electric Co has signed a deal to borrow $500 million from the African Export-Import Bank (Afreximbank), the company said .

The money would be used to fund projects in Africa...
UAE, China Central Banks Meet to Enhance Renminbi Clearing
United Arab Emirates >> 12/12/2018 - The Central Bank of the UAE, CBUAE, today hosted a workshop with the Central Bank of China and the Agricultural Bank of China on 'Improving the Renminbi Clearing in the UAE'.

The aim of the w...
Egypt Needs More Private Investments in Infrastructure
Egypt >> 12/12/2018 - More private investments in infrastructure are needed in Egypt to free up public funds for investments in education, health and social protection, the World Bank (WB) said in its latest report about E...
Egypt Purchases 180,000 Tons of Wheat From Russia, Romania
Egypt >> 12/12/2018 - Egypt, the world's biggest wheat importer has purchased180,000 tons of wheat from Russia and Romania in an international bid, an official said .

Under the deal, 120,000 tons of wheat will be ...
Egypt's Fiscal Deficit to Narrow to 6.4 Pct
Egypt >> 12/12/2018 - Egypt's fiscal deficit will continue to shrink in the coming years as robust economic growth and fiscal reforms bolster revenues and help to temper expenditure growth, Fitch Solutions expects.

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