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Etisalat Announces AED1.9 Billion Net Profit in Q2 in 2012
United Arab Emirates >> 7/25/2012 - Etisalat, the Abu Dhabi headquartered telecommunications group with operations in 16 countries, announced a net profit after federal royalty of AED 1.9 billion for the second quarter of 2012 ending 30...
Rashid Ahmed Receives Out-going Japanese Envoy
United Arab Emirates >> 7/25/2012 - Dr. Rashid Ahmed bin Fahad, Minister of Environment and Water, discussed with Tatsuo Watanabe, Japanese Ambassador to UAE, ways of enhancing joint cooperation in areas of environment, water, renewable...
Al Maktoum Foundation Passes AED 90 mn Budget for 2012-2013
United Arab Emirates >> 7/25/2012 - H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, and patron of the Al Maktoum Foundation, has approved the Foundation's budget of AED 90 million for 2012-2013....
IMF, Jordan Reach Tentative $2 bn Loan Deal
Jordan >> 7/25/2012 - The International Monetary Fund announced it had reached a preliminary deal with Jordan for a $2 billion loan to steady the country's battered economy. Citing a series of external "shocks" that have r...
SODIC Gets More Time to Develop Land West of Cairo
Egypt >> 7/25/2012 - Egypt's government has given property developer SODIC an extra two years to complete two phases of an upscale residential development west of Cairo after it asked for more time, the company said. "The...
Consumer Confidence Drops 0.7 % in June
Egypt >> 7/25/2012 - Consumer confidence decreased by about 7 percent during June, said a monthly report by the Information and Decision Support Center. In its monthly report on consumer confidence for June, the cabinet-a...
€20 mn from Germany for Aswan Power Stations
Egypt >> 7/26/2012 - Planning and International Cooperation Minister Fayza Abul-Naga signed a financial cooperation agreement with the German ambassador in Cairo Michael Bock for receiving six million euro easy term loan ...
Egypt Central Bank Keeps Lending, Deposit Rates Unchanged
Egypt >> 7/26/2012 - The Central Bank of Egypt (CBE)'s monetary policy committee, at its scheduled meeting, has decided to leave its key lending rate and deposit rate unchanged at 10.25 per cent and 9.25 per cent, respect...
Egypt's Shares Edge up, Though Investors Fear Islamic Government
Egypt >> 7/26/2012 - Egypt's stocks closed up in trading Thursday, ending the week in the green pushed by specific shares while the bourse remained clouded due to speculation on the form of the new government. The main in...
Tunisia to Sell Its Stake in Tunisiana Mobile Business
Tunisia >> 7/26/2012 - Tunisia's government is to auction off its 25 per cent share in the Tunisiana mobile phone business, which is majority owned by Kuwaiti telecoms operator Wataniya. Offers must come only from financial...
Abdullah bin Zayed Receives Message from Benin President
United Arab Emirates >> 7/27/2012 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister has received a message from the President of Benin Dr. Thomas Yayi Boni on bilateral relations between the two countries and ways to promote ...
Abdullah Bin Zayed Receives Letter from Saad-Eddine
United Arab Emirates >> 7/27/2012 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister has received a letter from Moroccan Minister of Foreign Affairs '&' Cooperation Saad-Eddine Al-Othmani on bilateral relations between the two...
Abdullah Bin Zayed Receives Sri Lankan Ambassador
United Arab Emirates >> 7/27/2012 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister has received ambassador of Sri Lanka to the UAE Sarath Wijesinghe at the Foreign Ministry. The meeting discussed bilateral relations between...
Egyptian Exchange Gains EGP 400 Million
Egypt >> 7/27/2012 - The Egyptian Exchange gained EGP 400 million during trading, pushed by intensive purchases of leading shares by Egyptian investors. The benchmark EGX 30 index was up 0.16 percent to 4753.12 points. Th...
Ahmad bin Abdulaziz Receives Ambassador of Tunisia
Saudi Arabia >> 7/28/2012 - Prince Ahmad bin Abdulaziz, Minister of Interior, received at his office in Jeddah, Tunisian ambassador to the Kingdom Najeeb Al-Muneef, who bade farewell on the end of his tenure as ambassador to the...
Ahmad bin Abdulaziz Receives French Ambassador
Saudi Arabia >> 7/28/2012 - Prince Ahmad bin Abdulaziz, Minister of Interior, received at his office in Jeddah, France's Ambassador to the Kingdom Bertrand Besancenot. They discussed mutual concern issues over the meeting. Atten...
CBE to Stabilize Interest Rate on Deposits and Loans
Egypt >> 7/28/2012 - For the fifth consecutive time, the Central Bank of Egypt (CBE) decided to stabilize the interest rate for one night on deposits and loans at 9.25 percent and 10.25 percent, respectively. The decision...
USD 8 Million to Finance Activities of Young Researchers
Egypt >> 7/28/2012 - The Egyptian-US Fund has allocated USD 8 million in grants for joint research and finance activities of exchange for young researchers. Moreover, an amount of nearly USD 2 million of this funding has ...
Osama Saleh: Increase the Rate of Establishment Companies
Egypt >> 7/28/2012 - Osama Saleh, Chairman of the General Authority for Investment and Free Zones, announce the increase of the rate of establishment of companies this year 19.5% to the last year, an increase in the tota...
Egypt's Electricity Ministry Ducks Blame for Power Cuts
Egypt >> 7/28/2012 - Egypt has been suffering an increasing number of power cuts in recent weeks, which have sparked protests in various governorates across the country. Power cuts in Cairo and other major cities can last...

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