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Abu Dhabi's Non-Oil Foreign Merchandise Trade Hits AED35.8 Bn in Two Months
United Arab Emirates >> 5/5/2019 - The value of non-oil foreign merchandise trade through Abu Dhabi ports increased 11.5 percent from AED32.1 bn in Jan-Feb. 2018 to AED35.8 bn in the same period of 2019.

This was the result of...
AED350 Million to Support Ramadan Discounts on Commodities: Ministry of Economy
United Arab Emirates >> 5/5/2019 - Some AED350 million in discounts on food will be available throughout the Holy Month of Ramadan, according to the Ministry of Economy.

During a media briefing on consumer protection and Ramad...
53% Increase in UAE Farm Produce, Livestock In 2018
United Arab Emirates >> 5/5/2019 -  The United Arab Emirates has recorded a 53 percent increase in farm products reaching the market in the past six months.

Data from the Emirates Authority for Standardisation and Metrology, E...
Egypt's Net Foreign Reserves at $44.218 Bln at End-April: C.Bank
Egypt's Net Foreign Reserves at $44.218 Bln at End-April: C.Bank Egypt >> 5/5/2019 - Egypt’s net foreign reserves stood at $44.218 billion at the end of April, up from $44.11 billion at the end of March, the central bank said. Foreign reserves stood at $44.303 billion at end-April 20...
Egypt Non-Oil Private-Sector Activity Expands For First Time in 8 Months -PMI
Egypt >> 5/5/2019 - Egypt’s non-oil private-sector activity expanded for the first time in eight months in April, and saw its highest reading since August 2015, a survey showed .

The Emirates NBD Egypt Purchasin...
Agreement for $ 374 Million to Finance Marassi Al Bahrain Projects Signed
Bahrain >> 5/6/2019 - Eagle Hills Diyar, the developer behind Bahrain’s iconic waterfront project Marassi Al Bahrain, has signed an agreement with a syndicate of banks from UAE and Bahrain for $ 374 million to finance the ...
Foreign Currency Reserves Rise to $44.218 Bln by End of April – CBE
Egypt >> 5/6/2019 - The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves went up by $106 million.

The foreign currency reserves reached $44.218 billion at the end of April, co...
Ready-Made Garments Exports Record $406 Mln in Q1 2019
Egypt >> 5/6/2019 - Ready-made garments exports have increased two percent in the first quarter of 2019 to reach $406 million compared to $397 million in the same period of 2018, the Textile Export Council said in a fres...
UAE Provides Financial Aid worth AED19.2 Billion in 2018
United Arab Emirates >> 5/7/2019 -  The value of financial aid provided by the UAE’s federal government and local governments totalled AED19.2 billion in 2018, reflecting the country’s keenness to support its people and strengthen comm...
Egypt Targets 5.6% Growth Rate by End of FY2018/19: Finance Minister
Egypt >> 5/7/2019 - Egypt's Minister of Finance Mohamed Maait said during a press conference in Cairo that the Egyptian economy would achieve a 5.6 percent growth rate by the end of current fiscal year (2018/19).

...
Egypt, World Bank Sign New Cooperation Agreement to Support Smes
Egypt, World Bank Sign New Cooperation Agreement to Support Smes Egypt >> 5/7/2019 - Egypt's Minister of Investment and International Cooperation Sahar Nasr said that cooperation between the World Bank and the Small and Medium Enterprises Development Authority has reached $1 billion f...
Egypt Expects IMF Loan Final Tranche in July: Deputy Finance Minister
Egypt >> 5/7/2019 - Egypt expects, in principle, to receive the final tranche of about $2 billion of its IMF loan in July, Deputy Finance Minister Ahmed Kouchouk said .

The International Monetary Fund offered ...
Egypt to Cancel Planned Rise in Stock Exchange Duty
Egypt to Cancel Planned Rise in Stock Exchange Duty Egypt >> 5/7/2019 - Egypt's finance ministry has drafted a law cancelling a planned increase in a tax on stock exchange transactions, keeping it at EGP 1.5 per 1,000, the ministry said .

The increase to EGP 1.75...
Assar, Italian Amb. Discuss Bilateral Cooperation
Egypt >> 5/7/2019 - State Minister of Military Production Mohamed el Assar discussed with Italian Ambassador in Cairo Giampaolo Cantini means of boosting cooperation between Italian companies and companies affiliated to ...
Egypt's Foreign Debt Rises to $96.6 Billion at End of 2018: Central Bank
Egypt's Foreign Debt Rises to $96.6 Billion at End of 2018: Central Bank Egypt >> 5/8/2019 - Egypt’s foreign debt rose to $96.6 billion by the end of 2018, up16.5 percent from the previous year, central bank figures showed .

In December 2017, Egypt’s foreign debt stood at $82.9 billi...
Egypt Expects 5.8 Pct Economic Growth in Q4
Egypt >> 5/8/2019 - Egypt’s economy is expected to grow at 5.8 percent in the fourth quarter of the 2018/19 financial year, the Planning Minister Hala El-Saeed said in a statement.

The country registered economi...
Egypt Headline Inflation Eases to 13.0 in April: CAPMAS
Egypt >> 5/9/2019 - Egypt’s annual urban consumer price inflation eased to 13.0 percent in April from 14.2 percent in March, official statistics agency CAPMAS said .

“The figures are lower than our expectations,...
New Suez Canal One of Most Important Waterways - Mamish
Egypt >> 5/10/2019 - Chairman of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone) Mohab Mamish said that the project of the New Suez Canal succeeded in improving the offered navigation services.
CBE: Annual Inflation Rate Falls to 8.1% in April
CBE: Annual Inflation Rate Falls to 8.1% in April Egypt >> 5/10/2019 - The Central Bank of Egypt (CBE) announced that Egypt's inflation rate declined to 8.1 percent in April 2019 from 8.9 percent in the same period last year.

On a monthly basis, core inflatio...
Moody's: Egypt's Economy Showed High Shock-Absorption Capacity In 2018
Egypt >> 5/10/2019 - Moody's Investors Service has said Egypt's economy demonstrated a high shock-absorption capacity during the second half of 2018.

In its report released the credit rating agency ascribed impr...

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