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CBE Receives Requests from Int’l Banks to Operate in Egypt
CBE Receives Requests from Int’l Banks to Operate in Egypt Egypt >> 3/30/2019 - The Central Bank of Egypt (CBE) has received requests from international banks to operate in the country, CBE deputy governor Gamal Negm said .

Negm’s remarks came during the activities of th...
Sisi Raises Minimum Monthly Wage for Civil Servants to EGP 2000
Sisi Raises Minimum Monthly Wage for Civil Servants to EGP 2000 Egypt >> 3/30/2019 - President Abdel Fattah El Sisi announced raising the minimum monthly wage for all civil servants to EGP 2,000 from EGP 1,200.

Sisi made the announcement as part of his speech at a ceremony to...
Egypt Gets Over Hardest Part of Economic Reforms
Egypt >> 3/30/2019 - Egypt has got over the hardest part of its strict economic reform program, and achieved a huge economic boom due to the concerted efforts of the Central Bank of Egypt (CBE) and the government, preside...
Saudi Hospitality Industry Lucrative Investment Option
Saudi Arabia >> 3/30/2019 - Opening a restaurant or coffee shop is the hottest trend in Saudi Arabia. Rightly so because economy is bouncing back in the country and investors, be it individuals or companies are finding hospitali...
Economy is on Positive Track to Deliver UAE Vision 2021: Al Mansouri
United Arab Emirates >> 3/30/2019 - The UAE gross domestic product, GDP, grew by 1.7 percent in 2018 at constant prices of 2018 as compared to 2017, said Sultan bin Saeed Al Mansouri, Minister of Economy, today citing preliminary macro-...
Egypt, Germany Sign Protocol on Vocational Training
Egypt >> 3/30/2019 - The Arab Organization for Industrialization (AOI) and the German federal institution for education signed a protocol for vocational training.

After the signing ceremony, president of AOI Abd...
Trade Balance Deficit Drops By 9%
Jordan >> 3/31/2019 -  Jordan's trade balance deficit declined by 9.3 percent in January, compared to the same period in 2018, thanks to the increase of national exports by 13.6%, the Department of Statistics (DoS) said .<...
Saudi-Tunisian Business Forum Organized In Tunisia
Saudi Arabia >> 3/31/2019 - The Council of Saudi Chambers, in cooperation with the Tunisian Confederation of Industry, Trade and Handicrafts, organized here yesterday the Saudi-Tunisian Business Forum on the sidelines of the vis...
Bourse Gains EGP 66.8 Bln in 2019's 1st Quarter
Bourse Gains EGP 66.8 Bln in 2019's 1st Quarter Egypt >> 4/1/2019 - The Egyptian Exchange (EGX) indexes posted collective gains at a total of EGP 66.8 billion in the first quarter of 2019.

In a quarterly report, a copy of which obtained by MENA , the Egypt...
Egypt Maintains Customs Exchange Rate for Essential Goods
Egypt >> 4/1/2019 - Egypt will keep its customs exchange rate steady at EGP 16 to the dollar for strategic and essential goods for April, the finance ministry said . The ministry reduced the exchange rate for unnecessar...
Saudi Economy Expands In Q4
Saudi Arabia >> 4/1/2019 - Saudi Arabia’s economy grew in the fourth quarter of last year at its fastest rate since early 2016 due to an expansion in the oil sector, statistics agency data showed .

Fourth-quarter gross...
AMF: Central Bank Governors Pledge Support to Regional Payment Platform
Saudi Arabia >> 4/1/2019 - The Chairman of the Arab Monetary Fund (AMF) concluded the high-level conference under the overarching theme of “The Role of Cross-Border Payments in Fostering Regional Financial Integration”. The con...
Any Economic Collapse Will Affect All, International Community’s Confidence in Lebanon Null
Lebanon >> 4/1/2019 - Minister of Labor, Kamil Bou Sleiman, pointed out that the ratio of public debt to GDP in Lebanon was 150%, which is the second highest in the world.

“The debt service ratio is 52%, which is...
Egypt's Finance Ministry Auctions EGP 1.7 Bln T-Bonds
Egypt >> 4/1/2019 - The Finance Ministry auctioned treasury bonds at a total value of EGP 1.750 billion.

In an online statement, the ministry said it sold EGP one billion of 3-year T-bonds with an average inter...
Bahrain Welcomes First Proptech Company, Estater
Bahrain >> 4/2/2019 - Fast becoming one of the most attractive technology hubs in the Middle East, Bahrain has marked a new milestone with the entry of its first property technology (proptech) company, Estater.

Es...
Global Trade Growth Loses Momentum As Trade Tensions Persist: WTO
United Arab Emirates >> 4/2/2019 - World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty.

WTO econo...
Dubai Chamber Briefs Diplomats on Key Achievements, Strategic Plans
United Arab Emirates >> 4/2/2019 - The Dubai Chamber of Commerce and Industry hosted ambassadors and members of the diplomatic corps in the UAE at its annual Diplomatic Circle Dinner where delegates were briefed on the chamber’s recent...
Abu Dhabi's Gdp Up 12.9 Percent in Q4, 2018
United Arab Emirates >> 4/2/2019 - The Gross Domestic Product, GDP, at current prices, for the Emirate of Abu Dhabi, increased by 12.9 percent in the fourth quarter (Q4) of 2018 compared with the same period in 2017, according to estim...
Egypt Current Account Deficit Widens, Tourism Picks Up, FDI Falls
Egypt >> 4/2/2019 - Egypt’s current account deficit widened to $2.1 billion in the last three months of 2018 from a deficit of $1.78 billion in the same period a year previously, according to Reuters calculations based o...
Isdb Group Annual Meeting in Marrakesh To Address Development Issues
Egypt >> 4/3/2019 - Minister of Planning Hala el Saeed stressed the importance of the Islamic Development Bank Group (IsDB Group) 44th Annual Board of Governors Meeting in due to kick off in Marrakesh, Morocco.

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