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Saudi Arabia’s Real GDP Grows 8.8% in Q3 Driven By Rise in Oil Activities: GASTAT
United Arab Emirates >> 12/11/2022 - Saudi Arabia’s real gross domestic product grew by 8.8 percent in the third quarter of 2022 compared to the same period last year driven by an increase in oil activities, according to a report release...
Egypt Exports of Food Industries Hit $3.490 in 10 Months
Egypt >> 12/12/2022 - Egypt's exports of food industries grew by about 0.5 percent, reaching 3.490 billion dollars during the first 10 months of 2022 up from 3.473 during the same period in 2021.

A monthly repor...
All EGX Indices Up, Benchmark Increases 2.9 Pct
Egypt >> 12/13/2022 - Egyptian Exchange (EGX) indices went up collectively at the close trading, pushed by purchases from local institutions and investment funds.

Meanwhile, sales prevailed in transactions of Ar...
Meeting Citizens' Development Needs Presidential Priority: Maait
Egypt >> 12/13/2022 - Finance Minister Mohamed Maait said on Egypt, under President Abdel Fattah El Sisi, managed to end intractable and accumulated crises, topped by the energy crisis.

Speaking during a symposi...
Cabinet Denies Issuing Ban on Imports to Egypt
Egypt >> 12/13/2022 - The Cabinet has denied as groundless reports circulated on social media accounts that Egypt banned imports of some commodities.

In a statement, the Cabinet said it contacted the Ministry of...
Egypt Working to Have Place on Int'l Investment Map
Egypt >> 12/13/2022 - Immigration Minister Soha Gendi said that the government is acting to have a place for Egypt on the international investment map.

Cairo is seeking to boost business opportunities for expats...
IMF's Approval of New Support Package Reflects Confidence in Egypt's Ability
Egypt >> 12/17/2022 - The International Monetary Fund’s (IMF) recent approval of Egypt’s comprehensive national economic reform program is a further confirmation of the international community and development partners’ sup...
PM: AOI Engine Factory's Digital Manufacturing Center to Entrench Local Pump Industry
Egypt >> 12/17/2022 - The digital manufacturing center at the Arab Organization for Industrialization's (AOI) engine factory in Cairo's Helwan neighborhood is a project of great importance that is part of the State's effor...
PM: Digital Manufacturing Center Targets Localizing National Industry
Egypt >> 12/17/2022 - Prime Minister Moustafa Madbouli said that the digital manufacturing center, at Helwan engines factory, targets localizing the national industry.

The new plant includes the cutting edge te...
IMF Loan Will Enhance Economic Growth, Social Protection: Egypt Cabinet
Egypt >> 12/17/2022 - The new $3 billion loan to Egypt approved by the International Monetary Fund (IMF) will be used to support the country’s programme to boost economic growth and investments and enhance its social prote...
Cabinet Denies News of Financing Entertainment City from State Budget
Egypt >> 12/18/2022 - The Cabinet’s media center has dismissed as baseless news posted on some social media networking sites about bankrolling a project to build an entertainment city in the New Capital from state budget.<...
Higher Committee to Be Formed to Price 15 Basic Commodities - Minister
Egypt >> 12/18/2022 - Supply Minister Ali el Moslehi said a higher committee will be formed to price 10 to 15 basic commodities in accordance with production cost and main inputs.

The committee will include memb...
PM Chairs Meeting on Gtzone
Egypt >> 12/18/2022 - Prime Minister Mostafa Madbouli conferred with his ministers of petroleum and industry to review efforts to develop Egypt’s Golden Triangle.

Attending the meeting was chairman of the Golden...
Sisi Checks on Availability of Basic Commodities Across Nation
Egypt >> 12/18/2022 - President Abdel Fattah El Sisi met on Sunday with Prime Minister Moustafa Madbouli, Supply Minister Ali el Moslehi and director of the National Service Projects Organization Walid Abul Maged to check ...
7th Arab Housing Conference Kicks Off in Egypt
Egypt >> 12/18/2022 - The 7th Arab Housing Conference entitled “Towards Smart Sustainable Cities that Achieve Quality of Life” kicked off at the New Administrative Capital (NAC).

The three-day event is being hel...
ECS: Malaysia Mulls Setting Up Palm Oil Production Plant
Egypt >> 12/18/2022 - Head of the Egyptian Commercial Service (ECS) Yahya Elwathik Bellah Ahmed said a Malaysian company is currently discussing the possibility of establishing a dlrs 30 million-project for producing Palm ...
US Dollar Exchange Rate Stable at Egypt’s Banks in First Working Day Following IMF Deal
Egypt >> 12/18/2022 - The exchange rate of the US dollar against the Egyptian pound was stable at the close of transactions at Egypt's major banks, the first working day after the International Monetary Fund (IMF) approved...
Factbox: Egypt’s Fresh $3 Bln IMF-Backed Economic Reform Programme
Egypt >> 12/18/2022 - Late Friday, the Executive Board of the International Monetary Fund (IMF) approved a $3 billion 46-month loan deal for Egypt under the Fund’s Extended Fund Facility (EFF) with an immediate disbursemen...
S&P Assigns A- Rating to Saudi Re With a Stable Outlook
Saudi Arabia >> 12/18/2022 - Saudi Reinsurance Company (Saudi Re) announced obtaining 'A-' long-term issuer credit and insurer financial strength rating and 'gcAAA' regional scale rating from S&P Global Ratings, with a stable out...
EGA to Supply Celestial Solar Aluminium to Kobe Steel
United Arab Emirates >> 12/18/2022 - Emirates Global Aluminium (EGA), the largest industry company in the UAE outside of oil and gas, has agreed to supply CelestiAL solar aluminium to Kobe Steel to make automotive body sheet for Nissan.<...

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