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Egypt Pays Back $406 Mln in Debt to Afreximbank
Egypt >> 6/2/2019 - Egypt paid back $406 million in debt to the African Export-Import Bank (Afreximbank) in May, the Central Bank of Egypt announced.

According to an official statement, the CBE said it has repai...
Egypt to Auction EGP 146.5 Bln in T-Bills, Bonds in June
Egypt >> 6/2/2019 - Egypt is auctioning EGP 164.5 billion worth of treasury bills and treasury bonds in June, the finance ministry said .

The issuing includes EGP 34 billion 91-day T-bills, EGP 35 billion 182-da...
Bahrain Bourse Daily Trading Performance
Bahrain >> 6/2/2019 - Bahrain All Share Index has closed at 1,435.22 points marking an increase of 1.69 points above the previous closing.

This increase was due to the rise in the Commercial Banks Sector, Investm...
Egypt-Spain trade volume reaches €642.9 mln in Q1 2019
Egypt >> 6/3/2019 - The trade volume between Egypt and Spain increased 11.6 percent in the first quarter of 2019 to record €642.9 million, compared to €576.01 million in the same period of 2018.

A fresh repor...
Egypt's cash reserves rise to $44.275 bn by end of May - CBE
Egypt's cash reserves rise to $44.275 bn by end of May - CBE Egypt >> 6/4/2019 - The Central Bank of Egypt (CBE) announced that the country’s cash reserves of foreign currency went up by $57 million to reach $44.275 billion during May. In April the country’s foreign cash reserve ...
Eidul Fitr holiday at EGX and banks starts as of Tuedsay
Eidul Fitr holiday at EGX and banks starts as of Tuedsay Egypt >> 6/4/2019 - The Egyptian Exchange (EGX) and all banks operating in Egypt will be having a five-day holiday as of Tuesday, June 4, 2019 on the occasion of Eidul Fitr (Lesser Bairam) in line with a previous announc...
Volume of Egypt’s non-petroleum exports hit $1.3 billion in April
Egypt >> 6/4/2019 - Egyptian non-petroleum exports recorded $1.3 billion in April, the Export and Import Control Authority said.

The authority detailed that during April the country’s exports of food products ...
G20 Agrees to Push Ahead With Digital Tax: Communique
Egypt >> 6/8/2019 - Group of 20 finance ministers agreed to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a copy of the bloc’s draft communique obtai...
Public Treasury Authority, Mint Authorities to Be Merged: Finance Ministry
Egypt >> 6/8/2019 - The Ministry of Finance said that two bodies affiliated with it, the Public Treasury Authority and the Mint Authority, will be merged into one entity.

The planned body will be named the Min...
KSA, Japan Sign Agreement to Boost Cooperation in ICT
Saudi Arabia >> 6/9/2019 - The Saudi Ministry of Communications and Information Technology (MCIT) signed today a memorandum of cooperation with the Japanese Ministry of Internal Affairs and Communications to boost cooperation b...
G20 Finance Chiefs, Bank Governors Discuss Trade, Global Taxation
Saudi Arabia >> 6/9/2019 - G20 finance ministers and central bank governors kicked off a two-day meeting in south-western Japan on Saturday, focusing on trade and new international taxation rules, dpa reported.

At the ...
Trade, Industry Minister Meets UNIDO Chief in St. Petersburg
Egypt >> 6/9/2019 - Egypt is committed to strengthening cooperation with the UN Industrial Development Organization (UNIDO) as a strategic partner, Minister of Trade and Industry Amr Nassar said .

In a statement...
Suez Canal Breaks Records, Transfers EGP 74 Bln to State Treasury
Egypt >> 6/9/2019 - Egypt's finance ministry said the Suez Canal Authority (SCA) has provided the state treasury with EGP 74 billion in the 2018/2019 fiscal year. The figure is historically the highest, the ministry add...
Egypt's Sisi Ratifies KWD 70 Mln Loan Deal to Fund Bahr El Baqar Drainage System
Egypt >> 6/9/2019 - President Abdel Fattah El Sisi has issued presidential decree no. 507/2018 approving a loan agreement between the Egyptian government and the Arab Fund for Economic and Social Development (AFESD).
...
Egypt Dismisses Reports On Fuel Prices Hike!
Egypt >> 6/10/2019 - The Finance Ministry denied reports on fuel prices hike, saying that a fabricated Facebook page with the logo of the ministry had claimed such rumors.

"This news is baseless," the ministry...
A British Bank:Egypt To Achieve Comprehensive Financial Reforms
Egypt >> 6/10/2019 - Egypt is on the right track to achieve comprehensive financial and economic reforms, and spending-led growth estimated at 5 percent of GDP, Britain's Standard Chartered Bank said.

In a recent...
Trade Exchange Between Egypt, Ghana Hits USD 108.3 Mln in 2018
Egypt >> 6/10/2019 - Trade exchange between Egypt and Ghana recorded 108.3 million dollars last year, according to a report by the Egyptian trade representation office.

Egyptian exports to Ghana increased by 65.5...
Dollar Exchange Rate Continues Downward Trend at Egypt's Major Banks
Egypt >> 6/10/2019 - The US dollar exchange rate continued its downward trend during transactions at major banks .

At the National Bank of Egypt, the dollar rate went down by two piasters recording EGP 16.71 for...
Egypt on Track To Achieve Comprehensive Financial, Economic Reforms: Standard Chartered Bank
Egypt >> 6/10/2019 - Egypt is on the right track to achieve comprehensive financial and economic reforms, and spending-led growth estimated at 5 percent of GDP, Britain's Standard Chartered Bank said .

In a recen...
Dubai Islamic Bank Outlines Plans to Acquire Noor Bank
United Arab Emirates >> 6/10/2019 - Dubai Islamic Bank (DIB) is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a banking group.

The DIB's boa...

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