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Egypt's New Power Plants to Save the Country $800 Million Annually in 3 Years
Egypt >> 12/3/2019 - Egypt will save around EGP 13 billion (approx. $804 million) in energy consumption annually from three power plants co-built by Siemens in three years, Electricity Minister Mohamed Shaker said.
Egypt Set to Issue First Corporate Sukuk within Weeks, Official Says
Egypt >> 12/3/2019 - Egypt is set to issue its first corporate sukuk, or Islamic bonds, in the coming weeks, an official at the Financial Regulatory Authority (FRA) said .

FRA department head Sayed Abdel-Fadil ...
Sisi Inaugurates Several National Projects in Damietta
Egypt >> 12/3/2019 - President Abdel Fattah El Sisi witnessed the inauguration of a number of national projects in Damietta governorate via video conference.

President Sisi inaugurated via video conference a low-...
Egypt's Foreign Reserves Rise to $45.354 Bln in November
Egypt >> 12/3/2019 - Egypt’s net foreign reserves rose to $45.354 bln in November from $45.247 bln in October, the central bank said.

Reserves climbed sharply after Egypt embarked in 2016 on a three-year, IMF-ba...
Saudi Rises on Strong Private Sector Data, Egypt Extends Losses
Saudi Arabia >> 12/3/2019 - Saudi Arabia's stock market rose on the back of rising oil prices and robust non-oil private sector data, while Egypt fell as the same sector there dropped to a more than two-year low in the last mont...
Russian Wheat Offered Lowest at Egypt's GASC Tender - Traders
Egypt >> 12/3/2019 - The lowest offer presented at an Egyptian state purchase tender for wheat was at $221.49 a tonne free-on-board (FOB) for 55,000 tonnes of Russian wheat, traders said .

The offer was presented...
Egypt to Issue First Corporate Sukuk Within Weeks
Egypt >> 12/3/2019 - Egypt will issue its first corporate sukuk, or Islamic bonds, within weeks, a Financial Regulatory Authority (FRA) official said .

CIAF Leasing, an aircraft leasing company, will issue sukuk ...
Tunisia Grapples With Post-Revolution Economic Slide
Tunisia >> 12/3/2019 - Tunisia’s designated prime minister Habib Jemli expects to pull together a new coalition government next week after an election in October produced a fractured parliament.

Since the 2011 re...
CBE: Egypt's Foreign Currency Hit $45.3 Bln in November
CBE: Egypt's Foreign Currency Hit $45.3 Bln in November Egypt >> 12/4/2019 - Egypt's foreign currency reserves jumped by $108 million in November to reach $45.354 billion, the Central Bank of Egypt (CBE) said in a statement .

In October, the country's foreign reserv...
Egypt Rise up Summit 7th Edition Kicks off Thursday
Egypt >> 12/4/2019 - Rise Up Summit in its 7th edition is to kick off for three days at the American University in Cairo (AUC) y, under the slogan Journey To Growth.

The summit will host more than 17 pitching c...
Egypt, ITFC Ink $1.1 Bln Agreement to Support Logistic, Petroleum Commodities
Egypt >> 12/4/2019 - Egypt inked an executive agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB), to support Egypt's essential logistic and petroleum ...
Egypt's Increasing Foreign Reserves Reflects Sound, Balanced Monetary Policy: Banking Expert
Egypt >> 12/4/2019 - Former secretary general of the Egyptian Banks Federation and banking expert Abdel-Rahman Baraka has said that increasing Central Bank of Egypt (CBE) foreign reserves is a sign that Egypt has adopted ...
Government Launches EGP 100 Million Initiative for Supporting Industrial Sector
Egypt >> 12/5/2019 - The Egyptian government unveiled an EGP 100 million initiative aimed at funding businesses in the industrial sector as part of President Abdel Fattah El Sisi’s directives for shoring up local manufac...
Abdel Aal Voices Egypt's Keenness to Foster Cooperation with S.Sudan in Livestock, Fisheries Field
Egypt >> 12/6/2019 - House of Representatives Speaker Ali Abdel Aal asserted Egypt's keenness to build bridges of cooperation with South Sudan and offer support needed to help it pass through the transitional period.
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Beltone Financial Lauds Gov't Initiatives in Support of Industrial Sector
Egypt >> 12/7/2019 - Beltone Financial, one of the largest investment banks in the Middle East and North Africa, has praised initiatives launched last week by the Egyptian government and the Central Bank of Egypt in suppo...
El-Assar Witnesses Signing of Agreement on Water Desalination, Treatment Plants
Egypt >> 12/7/2019 - Minister of State for Military Production Mohamed El-Assar has witnessed the signing of a contract agreement between the National Organization for Military Production (NOMP), the ministry's armored ve...
Finance Minister: Unifying African Efforts to Maximize Utilization of Continental Wealth
Egypt >> 12/7/2019 - Finance Minister Mohamed Maait stressed the importance of unifying African efforts to maximize the utilization of continental wealth in order to gradually achieve self-sufficiency in African states.
Egypt Signs "Yaoundé Declaration" on Tax Transparency: Finance Ministry
Egypt >> 12/7/2019 - Egypt has signed the "Yaoundé Declaration" during the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Paris, the Ministry of Finance announ...
UAE Economic Forum 2019 to See Launch of Exclusive Local and Global Reports
United Arab Emirates >> 12/7/2019 - Dubai Economy has announced that 30 speakers will address the UAE Economic forum 2019, being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minis...
UAE Economic Forum 2019 to See Launch of Exclusive Local and Global Reports
United Arab Emirates >> 12/7/2019 - Dubai Economy has announced that 30 speakers will address the UAE Economic forum 2019, being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minis...

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