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PM: Banquemisr, NBE to Partake in Development of Provincial Capitals And Major Cities
Egypt >> 1/5/2021 - Prime Minister Moustafa Madbouli chaired a meeting on to follow up a national project to develop provincial capitals and major cities.

The videoconferencing meeting, attended by Mohamed El-...
Egypt’s International Reserves Jump to $40 Bln for First Time Since October: CBE
Egypt >> 1/5/2021 - Egypt’s net international reserves (NIRs) rose to $40.06 billion by the end of December 2020, up from $39.2 billion recorded in October and November, the Central Bank of Egypt announced .

T...
Digital Mall to Be Launched in March With 5000 Brands Hosted Over Next Three Years: CEO
Egypt >> 1/5/2021 - The UAE House of Experience announced its intention to launch the “Digital Mall” in Egypt during 2021 after the launch of the mall in the UAE officially in January.

In an exclusive intervie...
Global Economy Expected to Expand by 4% in 2021, Recovery to Be Subdued: World Bank
Egypt >> 1/5/2021 - The global economy is expected to expand by 4 percent in 2021, after a 4.3 percent contraction in 2020, on the back of the initial COVID-19 vaccine rollout globally in 2021, the World Bank said.
Gold Prices Stabilize at LE842 for 21-Karat Gold
Egypt >> 1/5/2021 - Gold prices in Egypt stabilized to record LE842 for 21-karat gold, amid expectations that the prices will vary trading.

The price of 18-karat gold recorded LE721, 24-karat gold recorded LE9...
Global Economy Expected to Expand By 4% in 2021, Recovery to Be Subdued: World Bank
Egypt >> 1/6/2021 - The US is willing to deepen economic ties with Egypt and increase US investments in the Egyptian market, benefiting from the country’s attractive investment climate and its solid infrastructure, US Se...
CBE Details Presidential Initiative To Switch To Dual-Fuel Vehicles
Egypt >> 1/6/2021 - The Central Bank of Egypt (CBE)’s board of directors has launched an initiative to offer a sum of EGP 15 billion with an interest rate estimated at 3 percent in light of President Abdel Fattah El Sisi...
Event Offered Latin American Business Leaders Valuable Insights and Perspectives on Dubai’s
United Arab Emirates >> 1/6/2021 - Event offered Latin American business leaders valuable insights and perspectives on Dubai’s tourism market from Dubai Tourism, Emirates, Accor, Expo 2020 Dubai and Dubai Future Foundation.

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IMF Raises Egypt’s Growth Projections to 2.8%, Significant Risks Expected Amid COVID-19
Egypt >> 1/9/2021 - The International Monetary Fund (IMF) has raised its projections for Egypt’s real GDP growth for FY2020/21 to 2.8 percent, up from 2 percent projected in June, reflecting the milder than-anticipated c...
Egypt’s Annual Headline Inflation Declines to 5.4% The Lowest Since October: CAPMAS
Egypt >> 1/10/2021 - Egypt’s annual headline inflation declines to its lowest since October reaching 5.4 percent in December, down from the 5.7 percent in November, the Central Agency for Public Mobilization and Statistic...
Egypt Opens Subscription in 'Seyola' Cash Fund, Targets Up to EGP 100 Mln Investments
Egypt >> 1/10/2021 - Egypt announced on Sunday the rolling out of subscription in 'Seyola' cash investment fund, which is its first cash fundthat allows to invest in in number of financial instruments.

The targ...
Arada Records 35% Rise in Sales During 2020 to Reach AED1.75 Billion
United Arab Emirates >> 1/10/2021 - Arada has reported a robust sales performance for 2020, as the developer benefited from a raft of project handovers and the stable Sharjah real estate market to overcome the effects of the pandemic.
9,913 New Business Licenses Issued in First Week of 2021
United Arab Emirates >> 1/10/2021 - A total of 9,913 new business activities licenses were issued across all the emirates of the country during the first week of 2021, according to the latest data from the National Economic Register (NE...
UAE Stocks Gain AED5.4 Bn in Market Cap
United Arab Emirates >> 1/10/2021 - Driven by banking and realty blue chips, the UAE stock markets continued their upward streak , with Abu Dhabi's main index touching 5,176 points, up 0.24 pct over the session, and Dubai Financial Mark...
Dubai Economy Receives 59,130 Consumer Complaints in 2020
United Arab Emirates >> 1/10/2021 - The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy received 59,130 consumer complaints in 2020, a 51% increase compared to the 39,113 complaints received in 2019.

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Planning Minister Announces Launch of Ipos of Ni Capital
Egypt >> 1/10/2021 - Planning Minister Hala el Saeid has announced the launch of initial public offerings (IPOs) of NI Capital, an investment arm of the National Investment Bank, whose board she also chairs.

Th...
Egypt, China Agree on Releasing Egyptian Exported Citrus
Egypt >> 1/10/2021 - Trade and Industry Minister Niven Gamea said that the Egyptian trade bureau in Beijing managed to agree with the Chinese customs authority on continuing the Egyptian citrus exported to the Chinese mar...
FAB Issues Five-Year US$500 Million Sukuk
United Arab Emirates >> 1/11/2021 - First Abu Dhabi Bank (FAB) has issued the lowest-ever yield on any five-year MENA bank USD issuance with a US$500 million five-year Sukuk issued at MS+90bps (all-in yield of 1.411 percent) through FAB...
Egypt’s Annual Core CPI Rate Declined to 3.8% in December: CBE
Egypt >> 1/11/2021 - Egypt’s monthly core inflation recorded zero in December 2020, down from 0.2 percent in the same month a year prior, and zero in November 2020, according to the Central Bank of Egypt (CBE).

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Fitch Solutions Downgrades Egypt’s Growth to 3% In 2021 for The Second Time inTwo Months
Egypt >> 1/11/2021 - Fitch Solutions has downgraded its projections for Egypt’s real GDP growth for the second time in two months to reach 3 percent in 2021, down from the 3.2 percent that was projected in December.

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