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Financials and Investment News

4% Growth in Licences for H 1-2019 in Sharjah
United Arab Emirates >> 9/7/2019 - The Sharjah Economic Development Department, SEDD, announced that the emirate's economic development indicators have achieved remarkable growth in the first half of 2019, with 31,190 licences issued o...
CBE Governor to Assume Duties as Chairman of AFI Board of Directors
CBE Governor to Assume Duties as Chairman of AFI Board of Directors Egypt >> 9/8/2019 - Governor of the Central Bank of Egypt (CBE) Tarek Amer will assume his duties as the new chairman of the Alliance for Financial Inclusion (AFI) Board of Directors .

Lobna Helal, the CBE deput...
Kuwait's Non-Oil Exports Down 3.6 Percent in August - Ministry
Kuwait >> 9/8/2019 - Kuwait's non-oil exports went down 3.6 percent last August, compared to the same period in 2018, said the Ministry of Commerce and Industry.

The total number for certificates of origin for Ar...
PM Opens New Investor Services Center in Minya
Egypt >> 9/8/2019 - Prime Minister Moustafa Madbouli opened the Investor Services Center in Minya governorate.

Minister of Investment and International Cooperation Sahar Nasr and several state ministers accompa...
CBE Governor to Assume Duties as Chairman of AFI Board of Directors
CBE Governor to Assume Duties as Chairman of AFI Board of Directors Egypt >> 9/8/2019 - Governor of the Central Bank of Egypt (CBE) Tarek Amer will assume his duties as the new chairman of the Alliance for Financial Inclusion (AFI) Board of Directors .

Lobna Helal, the CBE deput...
UAE, Netherlands Discuss Enhancing Economic Cooperation
United Arab Emirates >> 9/9/2019 - Sultan bin Saeed Al Mansouri, Minister of Economy, and Ahmed About aleb, Mayor of Rotterdam, have discussed ways of strengthening the economic, trade and investment relations between the UAE and the N...
Egypt’s Increased Dependence on Imports will Raise Budget Deficit: City Bank official
Egypt >> 9/9/2019 - Managing director and head of Emerging Markets Economics at Citi Bank David Lupin said that if Egypt continues to rely on cheaper imports, its budget deficit will go up, asserting that policy makers f...
Egypt has large room for growth in financial inclusion: Fawry co-founder
Egypt >> 9/9/2019 - Co-founder of Fawry for Banking and Payment Technology Mohamed Okasha said the successful offering of Fawry on the EGX gives a positive massage for investors that the Egyptian stock market is a signif...
Egypt’s Digital Exports Hit $3.6 Million This Year: Minister of Communications
Egypt >> 9/9/2019 - Egypt’s Minister of Communications and Information Technology Amr Talaat said that he is optimistic about the future of Egypt’s economy, especially in the information and communication technologies (I...
Egypt’s Sovereign Wealth Fund to Start Operation In October
Egypt >> 9/9/2019 - Egypt’s Minister of Finance Mohamed Maait said Egypt was going to establish a new pension fund in addition to the sovereign wealth fund.

He told on the sidelines of the Euromoney Egypt Confe...
Egypt Plans $3-7 Bln of International Bonds in FY 2019-2020: Finance Minister
Egypt >> 9/9/2019 - Egypt intends to issue international bonds worth $3 billion $7 billion in the 2019-2020 financial year, Finance Minister Mohamed Maait said .

Egypt is also interested in diversifying the curr...
Private Sector Is Egyptian Economy's Backbone: Finance Minister
Egypt >> 9/9/2019 - Egypt's Minister of Finance Mohamed Maait said that the private sector is the backbone of Egypt’s economy and that the ministry is working on removing any obstacles that investors and businessmen are ...
Egypt's E-Finance Set to be offered in IPO by End of 2019
Egypt >> 9/9/2019 - Egypt’s first fin-tech company, e-finance, said it would be offered in an initial public offering (IPO) by the end of the year, Ibrahim Sarhan, head of e-finance said at the Euromoney Egypt Conference...
Private Sector Is Egyptian Economy's Backbone: Finance Minister
Egypt >> 9/9/2019 - Egypt's Minister of Finance Mohamed Maait said that the private sector is the backbone of Egypt’s economy and that the ministry is working on removing any obstacles that investors and businessmen are ...
Saudi Arabia Logs Highest M&A Value at $72.6 Billion
Saudi Arabia >> 9/9/2019 - Saudi Arabia saw a jump in M&A volume and value (14 deals worth $72.6bn) during the first half of 2019, due to the blockbuster $70bn SABIC deal announced in 1Q19, the region’s highest value deal on re...
Fifth Session of Arab-Japanese Economic Forum Kicks off in Cairo
Egypt >> 9/9/2019 - The fifth session of the Arab-Japanese economic forum kicked off in Cairo as part of efforts to boost Arab-Japanese economic cooperation, promote for Arab-Japanese investment markets and review inves...
MOU Inked to Export Egyptian Dates to China
Egypt >> 9/9/2019 - Egypt and China has initally inked a memorandum of understanding (MOU) on exporting fresh Egyptian dates to China.

This comes within efforts exerted to develop the Egyptian exports especially...
Trade Minister Discusses With Japanese Delegation Ways of Enhancing Economic and Trade Cooperation
Egypt >> 9/10/2019 - Minister of Trade and Industry, Amr Nassar affirmed Egypt's keenness to make a qualitative leap in the level of economic and trade relations with Japan, especially in light of the successful visit of ...
Sisi Calls For Offering More Finance For Smes
Egypt >> 9/10/2019 - President Abdel Fattah El Sisi followed up on the performance of the Micro, Small and Medium Enterprise Development Agency (MSME).

Sisi directed the MSME to provide funds necessary for addin...
Egypt's August Inflation Rate Falls to 7.5% Y/Y, Lowest in Years
Egypt >> 9/10/2019 - Egypt’s annual urban consumer price inflation rate decreased to 7.5% in August, the lowest rate in years and seen by analysts as opening the way for further rate cuts by the central bank.

Th...

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