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Cabinet Approves Bill to Amend Some Provisions of Stamp Tax Law
Egypt >> 5/10/2019 - The cabinet has approved a bill to amend some provisions of the Stamp Tax Law No. 111/1980.

The amendment, okayed during a cabinet meeting, stipulates imposing the same proportional stamp dut...
Protocol Signed for Training Banking Sector’s Staffers on Artificial Intelligence
Egypt >> 5/11/2019 - Governor of the Central Bank of Egypt (CBE) Tarek Amer and Communications Minister Amr Talaat witnessed the signing ceremony of a cooperation protocol on training the banking sector staffers about in...
Retail Companies Committed to Reducing Prices: Ministry of Economy
United Arab Emirates >> 5/12/2019 - The Ministry of Economy said that retail companies were committed to reducing their prices during the holy month of Ramadan, as well as decreasing the number of consumer complaints and offering discou...
Lebanese Veterans Blockade Central Bank in Protest against Draft State Budget
Lebanon >> 5/13/2019 - Retired Lebanese soldiers blockaded the central bank in Beirut in protest against draft state budget proposals they fear would curb military benefits, an escalation of demonstrations and strikes agai...
UAE’s FDI-Friendly Investment Legislation, Infrastructure Lauded
United Arab Emirates >> 5/13/2019 -  UAE's advanced legislative system has contributed to the country's competitiveness in attracting investments and talent, said panellists at the fifth Sharjah Economic Ramadan Majlis held on Sunday, 1...
UAE Investments in Egypt Exceed $6.6 Bln: Emirati Ambassador
Egypt >> 5/14/2019 - UAE Ambassador in Cairo Jumaa Mubarak Al-Junaibi said his country's direct investments in Egypt exceeded $6.6 billion in 2018.

Meeting UAE investors in Egypt, the ambassador added that eco...
Foreign Cash Flows Hit $24.7 Bln Since Jan. – CBE
Egypt >> 5/14/2019 - The Central Bank of Egypt (CBE) said foreign cash flows from different sources have hit a record, registering $24.7 billion since January.

A CBE official source said the US dollar exchange...
Central Bank Pumps AED7.3 Bn during March
United Arab Emirates >> 5/15/2019 - The Central bank of the United Arab Emirates has injected AED7.3 bn in cash to the financial system in March to boost liquidity and compensate banks for the considerable amount of funds withdrawn out ...
52 Vessels Transit Suez Canal
Egypt >> 5/17/2019 - Fifty-two ships transited the Suez Canal o, with a total cargo of 3.9 million tons.

The south-bound convoy included 20 vessels carrying 1.8 million tons and the north-bound convoy included 32...
Finance Ministry Auctions T-Bills worth EGP 18bn
Egypt >> 5/17/2019 - The Finance Ministry auctioned treasury bills at a total value of EGP 18 billion.

In an online statement, the Ministry said it sold 182-day T-bills worth EGP 8.75 billion with an average yiel...
Port Said Port Receives Panamanian Ship
Egypt >> 5/17/2019 - Port Said port received a 186-meter-long Panamanian tourist ship, known as "Dream Ocean".

The ship is carrying 1,234 tourists from different nationalities.

The ship will dock for ei...
New Banking Bill Introduces Financial Stability Committee
Egypt >> 5/18/2019 - A new bill on Egypt's banking sector introduces a committee on maintaining the state's financial stability that will be chaired by the prime minister, a well-placed source with the Central Bank of Egy...
New Banking Bill Introduces Financial Stability Committee
Egypt >> 5/18/2019 - A new bill on Egypt's banking sector introduces a committee on maintaining the state's financial stability that will be chaired by the prime minister, a well-placed source with the Central Bank of Egy...
New Banking Bill Requires CBE to Increase Its Capital to EGP 20 Billion
Egypt >> 5/18/2019 - A new banking bill that will be referred to the House of Representatives for approval before the end of May requires the Central Bank of Egypt (CBE) to increase its capital to EGP 20 billion, a knowle...
IMF Team Reaches Staff-Level Agreement on 5th Review for Egypt's EFF
Egypt >> 5/18/2019 - An IMF mission has reached a staff-level agreement with the Egyptian authorities for the completion of the fifth and the final review of Extended Fund Facility (EFF).

An International Monetar...
ACCI’s Diplomatic Forum Beefs up the International Economic Cooperating
United Arab Emirates >> 5/18/2019 -  Aiming to increase cooperation and strengthen international partnerships, the Ajman Chamber of Commerce and Industry, ACCI, organised the annual diplomatic forum in the presence of ambassadors, consu...
AOI Inks Mou with Indian Firm to Cooperate in Manufacturing Security Systems
Egypt >> 5/19/2019 - The Head of the Arab Organization for Industrialization (AOI) Abdel Mon'em el Tarras stressed the importance of benefiting from the international expertise to develop security and surveillance systems...
Economic Survey Project Launched to Analyse Sector-By-Sector Growth of Sharjah
United Arab Emirates >> 5/20/2019 -  The Sharjah Department of Statistics and Community Development, DSCD, has rolled out the implementation phase of its latest economic survey project, which will encompass all administrative communitie...
3.7% Growth in Trade Exchange with South Africa: ECS
Egypt >> 5/20/2019 - The trade exchange between Egypt and South Africa has achieved a growth of 3.7 percent in 2018, registering 287.8 million USD, compared to 277.5 million USD in 2017, the Egyptian Commercial Service (...
UK's New Middle East Minister Hails Improvement of Egypt's Economy
Egypt >> 5/20/2019 - UK's Minister of State for the Middle East at the Foreign and Commonwealth Office Andrew Murrison heaped praise on the notable progress achieved by Egypt's macroeconomic indicators throughout the past...

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