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UAE Participates In 116th Meeting of GCC Financial And Economic Cooperation Committee
United Arab Emirates >> 6/13/2022 - Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, recently headed the UAE delegation participating in the 116th meeting of the GCC Financial and Economic Cooperation Committee.
Dubai Government Transactions Can Now Be Paid By Debit Cards
United Arab Emirates >> 6/13/2022 - The Dubai Government’s Department of Finance (DoF) said that customers with all government entities can benefit from the development in paying transaction fees with direct debit cards linked to their ...
UAE-Based Investment Firm Chimera Offers to Acquire Egypt-Based Beltone Financial
Egypt >> 6/14/2022 - UAE-based investment company Chimera Investments submitted a non-binding offer to Egypt’s Financial Regulatory Authority (FRA) to acquire a controlling stake in Egypt-based Beltone Financial Holding, ...
Int'l Bankers, Officials to Take Part in 29th Afreximbank Meetings Wednesday
Egypt >> 6/14/2022 - The 29th annual meetings of the Africa Export-Import Bank will kick off with more than 3,000 high-profile international bankers and officials taking part.

Themed “Realizing the AfCFTA Pote...
Dollar Prices Stable at Egypt's Major Banks
Egypt >> 6/14/2022 - he US dollar exchange rate was stable at the beginning of Tuesday's transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP...
PM: Gov't Adopts Integrated Vision for State Involvement in Various Sectors
Egypt >> 6/14/2022 - Prime Minister Mostafa Madbouli said that the “State Ownership Document” had been drawn up after studying 30 similar examples of international experience.

Addressing a plenary session to l...
TSFE's Role ''Crucial" in Increasing Private Sector's Participation: State Policy Document
Egypt >> 6/14/2022 - The State Ownership Policy Document said that the role of the Sovereign Fund of Egypt (TSFE) is pioneering in terms of increasing the private sector's participation in the state-owned assets.

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PM:State Ownership Policy Document Sets Egypt's Approach Toward Assets
Egypt >> 6/14/2022 - Prime Minister Mostafa Madbouli said the main goal of the State Ownership Policy Document is to outline the State's policy toward its own assets and the economic domains in which it will operate in th...
Arab Trade Financing Programme Approves $343mn in Funding Requests in Q1-2022
United Arab Emirates >> 6/15/2022 - The Board of Directors of the Arab Trade Financing Programme (ATFP) approved 30 funding requests for trade projects worth US$343 million in the first quarter of 2022, during its 13th meeting held at i...
Tecom Group to List 12.5% of Shares on Dubai Financial Market Tomorrow
United Arab Emirates >> 6/15/2022 - Dubai’s Tecom Group, a member of the Dubai Holding group, will open tomorrow an initial public offering (IPO), listing part of its ordinary shares for trading on the Dubai Financial Market (DFM).
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Insiders’ Trading Prohibition Period Starts on June 16th: ADX
United Arab Emirates >> 6/15/2022 - Abu Dhabi Securities Exchange (ADX) announces that Insiders’ Trading prohibition period starts on 16th June, 2022 pending the full disclosure of the 2nd Quarter 2022 financial statements.

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Planning Ministry Presents Government’s Achievements in “Building People” in 8 Years
Egypt >> 6/15/2022 - In a report issued by the Ministry of Planning and Economic Development, the government reviewed the achievements of the state in "Building People" in 8 years (July 2014 - June 2022) based on the "Pro...
Gazzar Follows Up Work Progress at Projects in New Thebes
Egypt >> 6/15/2022 - Minister of Housing, Utilities and Urban Communities Assem el-Gazzar followed up on the executive position of the ongoing projects in the service and utilities in the New Thebes City in Luxor Governor...
Egypt Renews Support tor D-8
Egypt >> 6/15/2022 - Egypt renewed its support for the D-8 Organization for Economic Cooperation, which groups Egypt, Bangladesh, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.

The Egyptian Foreign M...
Aman for Microfinance Launches First Savings Investment Fund With Total Capacity of EGP 100 Mln
Egypt >> 6/15/2022 - Aman for Microfinance, a subsidiary of Aman Group owned by Raya Holdings and the National Bank of Egypt, launched a new investment fund titled Aman Youm-B-Youm (Day by Day) with a total investment val...
Based Property Firm Aldar Eyes Majority Stake in Owned Real-Estate Developer Madinet Nasr
Egypt >> 6/15/2022 - UAE-based Aldar Properties PJSC eyes a majority stake in the Egyptian state-owned real-estate developer Madinet Nasr for Housing and Development.

Sources from the Egyptian government and M...
Dubai International Chamber Expands Latin America Presence With Opening of Mexico Office
United Arab Emirates >> 6/16/2022 - Dubai International Chamber has opened its new representative office in Mexico City as part of efforts to strengthen the Chamber's presence in Latin America and explore new avenues of bilateral econom...
Gold Prices Fell Globally After US Interest Rate Hike
United Arab Emirates >> 6/16/2022 - Gold prices inched lower , as the dollar recovered slightly after the US Federal Reserve approved a 75-basis-point interest rate hike, its largest in more than a quarter of a century, to stem a surge ...
CBUAE Raises The Base Rate at 75 Basis Points
United Arab Emirates >> 6/16/2022 - The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points,

This decision was taken following the US Feder...
Egypt, EU Showing Commitment to Intensified Dialogue and Strategic Cooperation
Egypt >> 6/18/2022 - Ahead of the ninth meeting of the Egyptian-European Union Association Council in Luxembourg, the head of the EU Mission in Cairo Christian Berger spoke to Ahram Online on the prospects of further dia...

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